Preface
Bitcoin and Ethereum have decreased by 1.61% and 2.41% respectively over the past 24 hours, with current prices at $92,169 and $3,327, and the ETH/BTC exchange rate at 0.036. The Crypto Fear & Greed Index is at 54, indicating greed in the market.

Market Trending

Yesterday, the market showed a bearish trend. Bitcoin failed to hold support at the $93,500 level, fluctuating between $91,500 and $92,500. The bullish momentum is clearly stagnant, with the bearish trend remaining dominant. Most altcoins, except for AI Meme-related tokens, saw a 5% drop, with Ethereum falling below $3,350, impacting the overall DeFi token decline. The popularity of AI Meme tokens continues to attract market attention and liquidity. U.S. stock market crypto sector showed a broad decline pre-market. MicroStrategy saw a 2.1% drop pre-market, and Bitcoin ETFs have been experiencing outflows recently. The market lacks sufficient momentum and liquidity in the short term.
DeFi Sector: Major tokens like UNI, AAVE, and COMP fell below the market average, and with ETH weakening recently, the DeFi sector has accelerated its decline.
AI Meme Sector: Enthusiasm for AI remains high. AI Meme tokens have seen a general increase, with ELIZA rising over 67% in 24 hours, setting a new all-time high, and ZEREBRO rising 41.05% in the same period. Related privacy and computing sectors have also seen a surge.

Spot Bitcoin ETF Flows

The U.S. Bitcoin Spot ETF saw a net outflow of $415.1 million yesterday, with IBIT experiencing a net outflow of $36.46 million, FBTC with $154.64 million, and GBTC seeing a $134.5 million outflow.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is ELIZASOL, with a 24-hour increase of 67.42%.
ELIZASOL is a decentralized AI agent project incubated by ai16z Fund, built on the Solana chain. ELIZA is not only one of the first agents in the ai16z ecosystem but also once held the largest position in the ai16z Foundation. The token’s image comes from the ELIZA program created by MIT computer scientist Joseph Weizenbaum in 1966. ELIZA simulates simple human-computer interaction by using specific rules and language structures to mimic user input. The Eliza framework allows users to create, customize, and deploy AI-based characters that interact with online users on platforms such as social media, chatrooms, or forums. The AI Meme sector has become the dominant market trend. The ai16z ecosystem tokens are receiving significant attention, and ELIZASOL, as one of the prominent AI agents, surged by over 67% yesterday.
Check Out the Latest Prices, Charts, and Data of ELIZASOL/USDT Spot and ELIZASOLUSDT Perp!

The Word on the Street

Blockchain Association Sues U.S. IRS over Digital Asset Reporting Rules The IRS recently released new regulations requiring crypto platforms (including decentralized exchanges) to report digital asset transaction information, with a mandate that by 2027, platforms must disclose taxpayer information and sales revenue related to digital asset transactions. The Blockchain Association, along with the Texas Blockchain Association, has filed a lawsuit against the IRS, arguing that the rule violates the U.S. Administrative Procedure Act and could negatively impact the U.S. crypto and decentralized finance (DeFi) industries. Blockchain Association CEO Kristin Smith stated that the lawsuit aims to protect the future of the U.S. crypto industry and support innovators’ interests.

Project Upgrades

Puffer Finance Launches Community Decision-Making Framework PufferDAO Puffer Finance has announced the launch of the community-driven decision-making framework, PufferDAO. Users can stake PUFFER to mint vePUFFER NFTs and participate in governance. Proposals will undergo a 5-day discussion period followed by a 2-day review period, and then a 7-day voting period.