Market Trends and Hotspot Analysis

1. Market Highlights

1. Market Trends

(1) macro environment

The US November CPI data was released, leading to a significant rise in tech stocks, with the Nasdaq reaching an all-time high. The data shows that the November CPI increased by 2.7% year-on-year and by 0.3% month-on-month, both in line with or slightly above expectations. The core CPI remained at 3.3% year-on-year, with a month-on-month increase of 0.3%. This data has strengthened market expectations for an upcoming rate cut by the Federal Reserve, with the probability of a rate cut exceeding 96%.

As a result, major U.S. stock indices generally rose. The Dow Jones Industrial Average fell slightly by 0.2%, the S&P 500 rose by 0.8%, and the Nasdaq surged by 1.77%, breaking the 20,000 point mark for the first time. Tech giants' stock prices generally increased, with Tesla rising nearly 6%, and Google, Meta, and Amazon reaching new highs. Cryptocurrency-related stocks also performed strongly, with MicroStrategy rising over 9% and Coinbase up nearly 4%.

(2) Web3 field

The cryptocurrency market is experiencing an overall recovery driven by the US CPI data. Bitcoin has risen by 4.5%, returning above $100,000, while Ethereum has broken through $3,800. Altcoins have generally rebounded, recovering to levels seen before the previous day's decline. Data shows that the US Bitcoin spot ETF had a net inflow of $223 million on that day, with over 970 million USDT flowing into centralized exchanges within 24 hours, indicating active market trading.

In the meme coin sector, DOGE, SHIB, WIF, BONK, and FLOKI have all recorded double-digit gains. AI concept tokens such as NEAR, ICP, and Render have also achieved over 10% gains, indicating the market's ongoing interest in emerging sectors.

2. Hot Topics

(1) Macroeconomic Environment

Former Republican CFTC Commissioner Brian Quintenz is seen as a leading candidate for the CFTC Chairman position, which could signal a significant shift in cryptocurrency regulatory policy from the Trump administration. It is reported that Quintenz has interviewed for the position, and he currently handles policy affairs in the digital asset division of venture capital firm Andreessen Horowitz, a16z Crypto. This news has attracted widespread attention from the market, but relevant parties have not yet made a formal response.

(2) Web3 field

The renowned scientific journal "Nature" reported on the DeSci project ResearchHub, which incentivizes academic peer review through the native token RSC. Each paper review can earn approximately $150 worth of tokens as a reward. Some scholars have stated that the income earned from reviewing papers on ResearchHub has surpassed their salary while serving as professors at academic institutions.

After the announcement, the price of RSC surged. According to CoinGecko data, RSC increased by 22.7% within 24 hours, reaching a high of $1.04.

3. Hot Narrative

Decentralized Science (DeSci) has once again become a hot topic in the crypto industry. Google Trends data shows that the search popularity of this keyword reached a five-year high at the end of November. DeSci is actively addressing challenges in the traditional scientific field such as funding shortages, data sharing, and collaboration, with applications expanding into multiple areas including advancing research, reducing the cost of genetic testing, and treating hair loss.

With the rise of tokens like $RIF and $URO, DeSci has attracted significant investor attention but also faces some skepticism. A report by Nature on ResearchHub has once again sparked interest, marking the explosive growth period for DeSci. According to CoinGecko, the total market capitalization of leading DeSci tokens in the industry has surpassed $1.2 billion, highlighting the immense growth potential and market recognition in this field.

2. Hot Projects

$arc | AI

• Building Rig, a Rust library for constructing scalable, modular, and ergonomically designed LLM-driven applications.
• $arc is the token of the founder of the rig framework.
• Built on Rust, native to Solana, with excellent speed, scalability, and security.
• The roadmap includes: multi-agent systems, specific agency platforms, agents with on-chain operation capabilities, agents for reading on-chain data, integration with other agent networks, educational content, etc.

3. Sector Rotation

1. Hot Sector

2. Internal Section

! Web3 AI Daily Review (2024/12/12)