11.15 AI Daily: Trump's election and the turning point of Cryptocurrency regulation: industry hotspots overview

1. Headlines

1. Trump elected as US president, Cryptocurrency regulatory policies may face a major turning point

If Trump wins the 2024 US presidential election, it could have a profound impact on the cryptocurrency industry. As the new president, Trump will appoint a new chairman of the Securities and Exchange Commission (SEC), a position that has a decisive influence on cryptocurrency regulatory policies.

The new SEC chairman may take a different regulatory approach from the current chairman Gary Gensler. Some possible changes include: suspending enforcement actions only against unregistered issuance, issuing new guidance on when encryption assets will be considered as securities issuance, proposing encryption rules drafts, using exemptions, and updating the special purpose broker-dealer statement, etc.

Industry professionals in the cryptocurrency sector generally look forward to the new government being able to introduce more clear and friendly regulatory policies. However, some analysts are concerned that the new government may overly relax regulations, leading to damage to investor rights. In any case, the Trump administration's inauguration will bring new development opportunities and challenges to the cryptocurrency industry.

2. Andreessen Horowitz Appoints Former Facebook Policy Chief as AI Policy Head

Prominent venture capital firm Andreessen Horowitz (a16z) has appointed former Facebook policy director Matt Perault as its AI policy chief in its Washington, D.C. office. The move shows that a16z is increasing its layout in the field of artificial intelligence.

Perault will lead a16z's bipartisan policy initiative in the field of Open Source AI models, AI startups, etc. He has served as the Director of the Technology Policy Center at the University of North Carolina at Chapel Hill and has extensive experience in the field of technology policy.

The rapid development of artificial intelligence technology has brought many opportunities and challenges to society, which requires the formulation of corresponding policies and regulations to standardize and guide. As one of the most active venture capital firms in Silicon Valley, a16z's move aims to influence the direction of AI policies and create a favorable policy environment for its portfolio companies.

In the future, the impact of artificial intelligence on employment, privacy, security and other fields will become increasingly apparent, and policy making will be key. This personnel appointment by a16z reflects the increasing investment of technology companies in the policy field.

3. Stripe launches AI agent toolkit, providing payment and other APIs for large language models

Payment company Stripe announced the launch of a software development kit (SDK) specifically designed for building AI agents. This toolkit supports the invocation of payment, billing, issuance, and other APIs using large language models (LLM), integrating services such as Vercel, LangChainAI, CrewAIInc, etc.

Stripe product manager Jeff Weinstein said that with this toolkit, developers can easily add payment functionality to any large language model. This will further promote the integration of artificial intelligence and financial services, bringing users a smarter and more seamless experience.

Artificial intelligence is permeating into various industries, and the financial services industry is one of the important application scenarios. Stripe's move helps to drop the development threshold of artificial intelligence applications in the financial field and paves the way for the integration of Depth for both parties.

In the future, artificial intelligence may completely change the operation mode of Financial Service. Through seamless integration with TradFi infrastructure such as payment and issuance, artificial intelligence will bring users a brand new experience.

4. Launching the AI application NOMY, providing multi-chain investment portfolio management and other functions

Web3 infrastructure developer introduces AI application NOMY, aiming to redesign the interaction between users and blockchain applications. NOMY offers a range of features including multi-chain portfolio management, personalized recommendations, intent-based instructions, and AI-driven asset management.

Users can view and manage Wallet funds on NOMY's unified interface for various chains, and can also enter natural language commands such as "Exchange 10 USDC for ETH on Uniswap on the Ethereum mainnet", NOMY will automatically execute the corresponding operation.

Blockchain technology has brought advantages to users such as Decentralization and independent control of assets, but it has also increased the usage threshold. NOMY simplifies the interaction between users and blockchain applications and improves user experience through artificial intelligence technology.

In the future, artificial intelligence may become an important component of Blockchain applications, providing users with smarter and friendlier services. The launch of NOMY marks another important attempt to integrate artificial intelligence with Blockchain.

5. SolanaHacker Song Radar winning projects announced, covering multiple fields such as Decentralized Finance, GameFi, etc.

The Solana ecosystem Hackerthon Radar has officially come to a close, with 35 winning projects standing out. These projects cover multiple tracks including Decentralized Finance, GameFi, Non-fungible Token, privacy, etc., showcasing the vitality of the Solana ecosystem.

In the DeFi track, Oxyprotocol won the championship and proposed a new AMM model. Solice, a large multiplayer online role-playing game based on Solana, won the championship in the GameFi track. Obscura, the champion in the privacy track, is dedicated to improving the privacy of Solana.

In addition, Radar has set up multiple tracks such as community, visualization, tools, etc., aiming to promote the comprehensive development of the Solana ecosystem. Award-winning projects will receive cash rewards, incubation opportunities, and other support.

As a new emerging public chain, Solana is accelerating its ecological construction and attracting more developers and projects to settle in. Through hackathons and other activities, the Solana ecosystem is constantly growing, providing users with more innovative applications.

Talent and projects are the key to the development of the public chain ecosystem. The successful hosting of the Radar Hackathon has injected new vitality into the Solana ecosystem, and is expected to drive breakthroughs in multiple fields.

二. Industry Data

1. BTC

The recent transaction price is 90773.5000 US dollars, with an intraday increase of +3.9%.

2. ETH

The recent transaction price is 3216.9600 US dollars, with an intraday increase of +1.8%.

3. PEPE

Recently traded at $0.0023, with a daily increase of +76.3%.

4. DOGE

Recent transaction price is 0.3975 US dollars, with an intraday increase of +5.3%.

5. GT

The recent transaction price is 9.7950 US dollars, with an intraday increase of +5.7%.

三. Industry News

1. BTC breaks through the $90,000 mark, reaching a new all-time high

BTC price breaks through $90,000, hitting a new all-time high. This strong rally is mainly driven by the Favourable Information of Trump's election as US president. The market expects the Trump administration to adopt Crypto Assets-friendly policies, including appointing a new SEC chairman and clarifying Crypto Assets regulation. In addition, continued institutional investor buying of BTC is also a key factor driving the pump of BTC.

The big pump in BTC price has ignited market enthusiasm, with significant increase in volume and activity. However, analysts also warn that there may be profit-taking in the short term, and investors need to pay attention to risk control. From a long-term perspective, BTC is increasingly recognized as a value reserve and hedging against inflation, and its price is expected to rise further. However, changes in regulatory policies and potential competitors may affect the future development of BTC.

2. Ethereum broke through $3100, with broad prospects for ecological development

The price of Ethereum has broken through $3100, continuing the recent pump trend. The main reasons driving the pump of Ethereum price include: the continuous development of the Ethereum ecosystem, various innovative applications emerging endlessly; the further consolidation of Ethereum's leading position as a smart contracts platform; the continuous increase in institutional investors' attention to Ethereum, etc.

Analysts believe that although Ethereum may experience a pullback in the short term, the long-term development prospects of the Ethereum ecosystem are still broad. Ethereum's modular transformation strategy is expected to enhance the network's technical adaptability and further expand the ecosystem. In addition, the continuous inflow of spot ETF funds into Ethereum reflects the market's confidence in its future development. However, Ethereum also faces competition pressure from other public chains and needs to maintain innovation vitality.

3. The Solana ecosystem continues to heat up, with continuous emergence of innovative applications

The Solana ecosystem continues to heat up, becoming a dark horse in the cryptocurrency market. Innovative applications are emerging on the Solana Mainnet, including Decentralized Finance, GameFi, Non-fungible Tokens, and other fields, demonstrating the strong development potential of Solana. In addition, the Solana ecosystem has also attracted a large number of developers and capital, and the ecosystem's activity continues to increase.

Analysts believe that the continued heat of the Solana ecosystem is mainly due to its high performance, low fees, and other advantages. Compared to traditional public chains like Ethereum, Solana has demonstrated outstanding performance in transaction speed and scalability. However, Solana also faces doubts about its level of Decentralization, and needs to seek a balance between performance and Decentralization. In addition, the Solana ecosystem also needs to be vigilant against the risks of excessive speculation and bubble formation.

Overall, the cryptocurrency market is currently active, with prices of major currencies pumping and innovative applications emerging. However, investors also need to be alert to potential risks, take a rational view of the market, and control their risk exposure.

IV. Project Highlights

1. Stripe launches AI agent toolkit, supporting large language model calls for payment and other APIs.

Payment company Stripe is launching a software development kit (SDK) specifically designed for building AI agents. This toolkit supports the calling of payment, billing, issuance, and other APIs with large language models (LLMs), integrates with Vercel, LangChainAI, CrewAIInc, etc., and allows the use of any model through functions.

Stripe is a San Francisco-based technology company that provides online payment solutions for businesses. In recent years, Stripe has been actively expanding its product line, entering the blockchain and cryptocurrency fields. The launch of the AI agent toolkit aims to provide AI developers with more convenient payment integration solutions, which will help promote the integration and development of AI and web technologies.

The launch of this toolkit reflects the ongoing integration trend between AI and Web technologies. AI technology can bring smarter functionality to web applications, and the decentralization feature of the web also provides new possibilities for the development of AI. Industry insiders believe that Stripe's move will further promote the integration of AI and web technologies, bringing new opportunities for innovation to the industry.

2. Stride launches AI agent Echos beta, which can access encryption Wallet and Twitter account

Cosmos ecosystem Liquidity stake protocol Stride launches AI agent Echos test version. Echos is an AI agent that can access encryption Wallet and Twitter account. Users can mint Token and trade. Echos is built on a custom Celestia Rollup and is designed to work in synergy with existing Stride Liquidity stake protocol, providing more use cases for Stride LST.

Stride is a DecentralizationLiquiditystakeprotocol built on the Cosmos SDK, allowing users to stake assets and receive rewards. The launch of this protocol aims to address some pain points in traditional stake models, such as insufficient Liquidity and uneven reward distribution.

The launch of Echos marks Stride's expansion into the field of AI. Through Echos, users can use AI agents to manage encryption assets, achieving a more intelligent asset management. The introduction of this feature is expected to bring new user groups to Stride and enhance the activity of the protocol.

Industry insiders believe that the launch of Echos reflects the trend of AI and web technology integration. AI technology can bring more intelligent functions to web applications, and the decentralization feature of the web also provides new possibilities for the development of AI. The success or failure of Echos will have a certain impact on the integration and development of AI and web technology.

3. Launch AI application NOMY

Web infrastructure developers launch AI application NOMY.

NOMY is a company focused on the construction of Web infrastructure, aiming to provide developers with more convenient Web development tools. The company's products include Gasless trading, scalable data availability solutions, etc., helping developers to build Web applications more efficiently.

NOMY is an AI application launched, and its specific functions have not been disclosed yet. However, based on its positioning, NOMY is likely to be an AI assistant tool for web developers, aiming to improve development efficiency.

Industry insiders believe that the launch of NOMY reflects the broad prospects of AI technology in the web field. AI technology can bring many conveniences to web development, such as code generation, smart contract audit, etc., which can help improve development efficiency and reduce development costs. In the future, AI technology is expected to play a greater role in the web field.

The launch of NOMY also reflects NOMY's commitment to the construction of Web infrastructure. As a company focused on Web infrastructure, NOMY has been striving to provide developers with better development tools and solutions. The launch of NOMY is expected to further enhance its influence in the field of Web infrastructure.

4. Infura's decentralized infrastructure network will be launched as EigenLayer AVS

ConsenSys's blockchain development platform Infura's Decentralization Infrastructure Network (DIN) will be launched as EigenLayer AVS, enabling web builders and operators to leverage the security guarantees of Ethereum and the inter-subject nature of EIGEN to operate various services.

Infura is a blockchain development platform under ConsenSys, providing developers with infrastructure and tools to help them build Ethereum applications more efficiently. Infura's DIN is a decentralized infrastructure network aimed at providing more secure and reliable services.

This time, Infura's DIN will be launched as EigenLayer AVS, which is a scalability solution based on Ethereum. EigenLayer AVS leverages the security guarantees of Ethereum and the inter-subject nature of EIGEN, providing a secure and reliable environment for web builders and operators to run various services.

This move aims to further enhance Infura's influence in the Web infrastructure field. By introducing EigenLayer AVS, Infura provides web developers with a more secure and reliable infrastructure solution, which helps drive the development of the Web ecosystem.

Industry insiders believe that the launch of EigenLayer AVS reflects the importance of web infrastructure construction. With the increasing number of web applications, the demand for infrastructure is also rising continuously. Infrastructure solutions introduced by companies like Infura will provide strong support for the development of web applications.

5. Tonws: The robot will not receive any rewards on the platform

Online community chat protocol Tonws, invested by Andreessen Horowitz (a16z), stated that only real users can receive rewards on the platform, and robots will not receive any rewards.

Tonws is a web-based online community chat protocol, invested by well-known venture capital firm a16z. The protocol aims to provide users with a decentralized online social platform, where users can engage in group chats, posts, and other interactions.

This time, Tonws explicitly stated that robots will not receive any rewards on the platform, and only real users can receive rewards. This move aims to prevent robots from interfering with the normal operation of the platform and to maintain the fairness and credibility of the platform.

Industry insiders believe that Tonws' decision reflects the importance of web social platforms in preventing robots. Robots not only affect the normal operation of the platform, but can also be used for manipulating public opinion, sending spam messages, and other illegal activities. Therefore, web social platforms need to take effective measures to prevent the abuse of robots.

Tonws' approach also reflects innovative attempts in user incentives for web projects. By setting up reward mechanisms, web projects can attract more real users to participate and promote ecosystem development. However, it is also necessary to guard against improper behaviors such as bots to maintain platform fairness and credibility.

Overall, Tonws' decision aims to maintain the fairness and credibility of the platform, which is conducive to promoting the long-term development of Web social platforms.

5. Economic Dynamics

1. Fed Chair Powell sends hawkish signal, hinting at slowing pace of future rate hikes

Current Economic Environment: The U.S. economy maintains a strong recovery momentum, the job market continues to improve, the inflation rate has fallen from its high but remains above the 2% target. According to the latest data, the annualized quarter-on-quarter GDP in the third quarter rose by 2.6%, non-farm employment increased by 261,000 in October, the unemployment rate fell to 3.5%, and the core PCE price index rose by 5.1% year-on-year.

Important Events: Fed Chairman Powell said in Dallas that despite the decline in inflation from its high levels, the Fed does not need to "rush" to cut interest rates, and future policy will depend on economic data and outlook. He emphasized that the Fed is committed to further raising interest rates to bring inflation down to the 2% target and support maximum employment.

Market Response: Powell's hawkish remarks have intensified market expectations of another rate hike at the December meeting of the Federal Reserve. The short-term rise in the US dollar index and the further inversion of the yield curve in US bonds. The stock market declined, with the Dow Jones falling nearly 200 points. Investors generally expect the Federal Reserve to raise rates by 50 basis points in December, and may continue to raise rates in 2023.

Expert analysis: Goldman Sachs analysts say Powell's speech sent a clear signal that the Fed will continue to raise rates to combat inflation, but the pace of rate hikes may slow. They expect the Fed to raise rates by 50 basis points in December and by 75 basis points in 2023.

HSBC economists believe that Powell's remarks suggest that the Fed will end its rate hike cycle in the first half of 2023. They expect the Fed to end rate hikes in March next year, at which time the federal funds Intrerest Rate will reach a range of 5%-5.25%.

2. The Ministry of Finance of China has announced the details of the policy to expand domestic demand, and A-shares short termRebound

Current Economic Environment: The Chinese economy was severely impacted this year by the pandemic and the real estate crisis. GDP rose 3% YoY in the first three quarters, lower than the full-year target of 5.5%. In October, industrial production, investment, and consumption data all fell significantly, while inflationary pressure eased somewhat.

Important event: On November 15th, the Ministry of Finance of China held a regular press conference and announced specific policy measures to expand domestic demand. The main measures include issuing consumer vouchers, supporting the renewal of major consumer goods such as automobiles and household appliances, and increasing investment in infrastructure.

Market Response: The details of the expansion of domestic demand policy announced by the Ministry of Finance have boosted investors' confidence in the economic outlook. A-shares rebound in the short term, with the Shanghai Composite Index pumping nearly 1% at noon, and related zones such as real estate and automobiles performing well.

Expert analysis: Analysts from CICC stated that the newly announced policy to boost domestic demand is expected to hedge the downward pressure on the economy. However, considering the uncertainty of epidemic prevention and control, the effectiveness of the policy implementation still needs to be observed.

Guotai Junan macro analysts believe that expanding domestic demand policies will drive investment and consumption rebound, which is conducive to stabilizing and recovering the economy. However, the traditional practice of stimulating the economy through infrastructure investment may be constrained by factors such as local government debt.

3. US inflation data is mixed, and there is uncertainty about the Fed's interest rate hike path in December.

Current Economic Environment: The US economy has shown divergent trends in employment and inflation data. Non-farm employment rose strongly in October, but inflation pressures remained high. According to the latest data, the CPI rose by 7.7% year-on-year in October, higher than expected, and the core CPI rose by 6.3% year-on-year.

Important Events: After the release of the US CPI data in October, there are divergent expectations for the Fed's rate hike path in December. The market generally expects the Fed to raise interest rates by 50 basis points in December, but there are divergent views on the rate hike path for 2023.

Market Reaction: US stocks experienced a significant Fluctuation in the short term after the release of CPI data, and finally closed lower. The US bond yield curve further inverted, reflecting market concerns about economic recession. The US dollar index edged up slightly.

Expert analysis: Goldman Sachs analysts believe that the inflation data is mixed, and the Fed's 50 basis point rate hike in December has become a foregone conclusion, but there is uncertainty about the rate hike path in 2023. They expect the Fed to pause rate hikes in March next year.

Citibank holds a relatively hawkish view, believing that if inflation data is stronger than expected, the Federal Reserve may continue to raise interest rates multiple times until inflation clearly falls back, and they expect the Fed to end its rate hike cycle in May next year.

VI. Regulation & Policy

1. The EU regulatory agency issues specific guidelines for encryption asset service providers

The European Banking Authority (EBA), as the European regulatory agency responsible for addressing weaknesses in the European banking industry, released two trap guides on November 14, including specific guidelines for Payment Service Providers (PSP) and encryption Asset Service Providers (CASP).

This guide applies from December 30, 2025. EBA specifically specifies the measures that PSP and CASP must take to comply with EU and national restrictive measures when transferring funds or Cryptocurrency. According to the EBA, these guidelines ensure the implementation of EU and national sanctions.

The EBA believes that weaknesses in controls, internal policies, and procedures may pose legal and reputational risks to Financial Institutions. In addition, weaknesses in these areas for Financial Institutions could also 'weaken' the effectiveness of the EU restrictive measures system. The European Banking Authority emphasizes that this could lead to rule evasion, thereby impacting the stability of the EU financial ecosystem.

The EBA states: "This guide clarifies how restrictive measures policies and procedures interact with the wider governance and risk management framework of Financial Institutions to avoid operational and legal risks of Financial Institutions and ensure the effective implementation of restrictive measures."

2. 18 US states sue the US Securities and Exchange Commission (SEC), accusing it of unconstitutional regulation of the cryptocurrency industry.

On November 15th, FOX reporter Eleanor Terrett posted on social media, "18 states in the United States have filed lawsuits against the US Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional excessive intervention and unfair treatment of the encryption industry under the leadership of Chairman Gary Gensler."

A lawsuit signed by 18 Republican state attorneys general details how the agency has engaged in "severe government overreach" against a $30 trillion industry through enforcement actions, encroaching on states' powers to regulate their economies.

"Nebraska Attorney General Mike Hilgers said that Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrency. In a lawsuit filed in the United States District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the United States Securities and Exchange Commission (SEC) of exceeding its authority. Despite actions taken and public statements made by the SEC and its chairman, the agency has initiated a regulatory offensive against encryption companies. The SEC has exceeded the authority granted by Congress and is attempting to classify cryptocurrency as investment contracts, such as stocks or bonds, subjecting them to SEC regulation."

3. Trump considers appointing a Commodity Futures Trading Commission chairman who is friendly to Cryptocurrency

According to reports, the Trump transition team is considering appointing Summer Mersinger, who is friendly to encryption, as the chairman of the Commodity Futures Trading Commission (CFTC). Mersinger advocates a more relaxed regulatory policy towards crypto assets and has criticized the CFTC for handling encryption companies in an "enforcement regulatory" manner.

Other candidates include former CFTC Commissioner Jill Sommers and former official Josh Sterling. This move could affect the regulatory direction of the crypto market in the United States.

Industry insiders believe that if Mersinger is appointed, she may push for a more friendly regulatory stance on cryptocurrencies at the CFTC. This could include relaxing regulations on cryptocurrency exchanges and derivatives, as well as providing more regulatory space for cryptocurrency innovation.

However, some experts are concerned that overly loose regulation may bring risks. They call for ensuring market fairness and protecting investor interests while promoting innovation.