Market Trends and Hotspot Analysis

Macroeconomic Environment

The Federal Reserve reassesses the impact of the Trump administration, casting doubt on the prospect of interest rate cuts.

According to a report by Wall Street Journal reporter Nick Timiraos, the Federal Reserve is reassessing the potential impact of the Trump administration on the economy and inflation. It is reported that Fed Chairman Powell expressed dissatisfaction with the public comments of some officials, believing they have overly linked Fed policy to changes in Trump’s policies. The market generally expects the Fed to take a more cautious approach to interest rate cuts in the future. Analysts point out that the outlook for Fed rate cuts in 2025 is full of uncertainty, and investors need to prepare for potential economic fluctuations.

According to market data, the probability that the Federal Reserve will keep interest rates unchanged in January next year is 87.2%, while the probability of a 25 basis point rate cut is 12.8%. By March, the probability of maintaining the current interest rate drops to 50.6%, the probability of a 25 basis point rate cut rises to 44.1%, and the probability of a 50 basis point rate cut is 5.4%.

Cryptocurrency Market

Bitcoin has fallen below $95,000, and market sentiment is low.

The cryptocurrency market continues to experience fluctuations and downward trends, with Bitcoin dropping again to a low of $93,000, marking a new low in nearly a week. Data shows that the funding rates on major exchanges are generally bearish. Meanwhile, Bitcoin spot ETFs saw a net outflow again on Friday, amounting to $287 million, with a cumulative net outflow of $376 million last week. During the market adjustment period, tokens from centralized trading platforms have shown relatively better resilience, while AI Agent-related projects continue to attract capital.

Industry Trends

Venture capital firms oppose new regulations from the U.S. Treasury.

The head of regulatory affairs at a well-known venture capital firm expressed confidence in DeFi in a social media post, stating that DeFi will make financial services and the digital economy more convenient and efficient. However, the new broker-dealer reporting rule recently issued by the U.S. Treasury Department is seen as a potential hindrance to DeFi innovation in the United States. The firm supports the lawsuit filed by relevant industry organizations, arguing that the actions of the IRS and the Treasury Department may exceed their statutory authority, violate the Administrative Procedure Act, and even raise constitutional concerns.

Malaysian regulators rectify cryptocurrency trading platforms

The Malaysian Securities Commission has taken strict enforcement action against a cryptocurrency trading platform and its CEO because the platform operated locally without proper registration. The regulatory authority has demanded that the platform immediately cease all operations in Malaysia, including its website, mobile applications, and other digital platforms, and complete rectifications within the stipulated time frame. Furthermore, the platform has also been required to terminate all advertising activities aimed at Malaysian investors and to close social media groups that provide support for local users.

Market Hotspots

AI agency market rises against the trend

Despite the overall correction in the cryptocurrency market, the AI agent sector has risen against the trend, with a 24-hour increase of 1.54%. Recently, a certain AI project released a proposal for an update on its tokenomics, planning to focus on framework innovation and multi-chain integration through the acquisition of mature technologies and teams in the first quarter of 2025. The project's market value once soared to 1.5 billion USD, reaching a historic high, reflecting the market's recognition of the potential of AI agents.

New Solana ecosystem project attracts attention

A new project in the Solana ecosystem has attracted attention, being regarded as a breakthrough in Solana token technology. Within half an hour after the project launched its token, its market value exceeded $10 million and has now rebounded to $11 million. The project allocates 10% of the total supply to eligible wallets, involving nearly 28 million addresses, utilizing ZK compression technology to achieve large-scale distribution, significantly reducing airdrop costs.