The AI craze sweeps Solana meme Token YUMI with an 80-fold rise.

AI and crypto market dynamics

Macroeconomic Environment

Microsoft shareholders reject Bitcoin investment plan

At the recent shareholders' meeting, Microsoft's major shareholders voted against a proposal to invest 1% of the company's total assets in Bitcoin. This proposal was put forward by a research center with the aim of hedging against inflation risks. Despite the enthusiastic speech by the founder of MicroStrategy at the meeting, emphasizing that Bitcoin investment could bring substantial returns to Microsoft, the shareholders ultimately chose to support the board's conservative stance.

Microsoft's main shareholders are mostly large institutional investors, who seem to still hold a cautious attitude towards cryptocurrency investments, preferring to avoid the volatility risks of the current market. This decision reflects the ongoing divergence of traditional financial institutions' attitudes towards digital assets.

Web3 AI Daily Review (2024/12/11)

Development in the Web3 Field

The performance of Solana ecosystem AI-related tokens is impressive.

On December 11, multiple AI-related tokens on the Solana chain once again demonstrated strong growth momentum. Among them, the no-code development platform ALCH's market cap surpassed $150 million, setting a new historical high with a daily increase of over 30%. At the same time, the AI-driven venture capital DAO token ai16z also exceeded the $800 million mark, with a daily increase of over 50%. Additionally, the meme coin DEGENAI saw a rise of over 70% within 24 hours, and its price has increased more than six times since its launch.

The outstanding performance of these tokens reflects the market's continued optimism about the combination of AI technology and blockchain, while also demonstrating investors' strong interest in innovative token projects.

Web3 AI Daily Review (2024/12/11)

Hot Events

MicroStrategy is about to join the Nasdaq 100 index.

MicroStrategy is expected to officially become a member of the Nasdaq 100 Index on December 23, a news that has attracted widespread attention in the market. Analysts predict that ETFs tracking the index may purchase approximately $2.1 billion worth of MicroStrategy shares, an amount equivalent to one-fifth of the company's daily trading volume. MicroStrategy is expected to rank as the 40th component stock in the index, with a weight of about 0.47%.

Web3 AI Daily Review (2024/12/11)

Maverick Protocol launches an innovative DeFi platform

Maverick Protocol has launched a new platform called Goose.run on the Base chain, aimed at combining DeFi with meme coins. This platform not only provides features such as meme coin issuance and leveraged trading but also innovatively introduces a no-liquidation lending mechanism, effectively reducing the liquidation risks in high-volatility markets. Holders of the platform's governance tokens can participate in incentive distribution voting and share in the trading fee revenue, a design that is expected to enhance the overall value of the ecosystem.

Hot Narrative

Controversial NFT meme coin CULT launched

The meme coin CULT, launched by the founder of the Milady project, has finally gone live after nearly half a year of waiting, sparking heated discussions in the market. CULT adopts a unique token distribution method, including interactive segments like quizzes and drawings, which has attracted a lot of attention due to its unconventional issuance model. Although its market value once surpassed the $1 billion mark after launch, it has since experienced a correction. The future development of CULT will still rely on the continued support and promotion from its community.

Web3 AI Daily Review (2024/12/11)

Hot Projects

YUMI meme coin rises sharply

The meme coin YUMI has quickly become popular on social media due to its resemblance to Doge, garnering over a million views in a short period. Within 24 hours, the price of YUMI skyrocketed nearly 80 times, reaching a market capitalization of 3.6 million dollars. This phenomenon reflects the market's enthusiasm for emerging meme coin projects, while also showcasing the tremendous influence of social media in the dissemination of encryption currency.

Web3 AI Daily Review (2024/12/11)

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MetaNeighborvip
· 10h ago
The Stability Party won, sigh.
View OriginalReply0
rugpull_survivorvip
· 10h ago
Somali kids are really boring~ Conservatives go away.
View OriginalReply0
OfflineNewbievip
· 10h ago
Not optimistic about Microsoft's current move!
View OriginalReply0
BankruptWorkervip
· 10h ago
Tsk tsk, the more institutions don't want it, the more they should buy.
View OriginalReply0
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