Market Highlights

Macroeconomic Environment

US November CPI data released, tech stocks rebound strongly, interest rate cut expectations rise.

On December 12, the U.S. Bureau of Labor Statistics released the Consumer Price Index for November, which showed a year-on-year increase of 2.7% and a month-on-month increase of 0.3%. The core CPI remained at 3.3% year-on-year, with a month-on-month growth of 0.3%. This data has boosted market expectations for an upcoming interest rate cut by the Federal Reserve, with the probability of a rate cut exceeding 96%.

As a result, major US stock indices generally rose. The S&P 500 index increased by 0.8%, and the Nasdaq index surged by 1.77%, breaking the 20,000-point mark for the first time. Technology stocks performed strongly, with Tesla's stock price rising nearly 6%, and giants like Google, Meta, and Amazon hitting new highs. Cryptocurrency-related stocks also performed well, with MicroStrategy rising over 9%.

Web3 Field

( CPI data drives crypto market recovery, Bitcoin rises above $100,000

Affected by the US CPI data, the cryptocurrency market is overall recovering. Bitcoin has risen by 4.5%, breaking the $100,000 barrier again, and the price of Ethereum has also exceeded $3,800. Altcoins have generally rebounded, returning to levels prior to the previous decline. Data shows that the US Bitcoin spot ETF had a net inflow of $223 million on that day, and over 970 million USDT flowed from the issuer to exchanges within 24 hours, indicating active market trading.

In the meme coin sector, several representative cryptocurrencies have seen gains exceeding two digits. Additionally, AI concept tokens such as NEAR, ICP, and Render have also achieved over 10% growth, indicating that the market remains attentive to emerging fields.

![Web3 AI Daily Review (2024/12/12)])https://img-cdn.gateio.im/webp-social/moments-ed06aecc4b52694cc8760d21f0ecf69d.webp###

Hot Events

( Brian Quintenz is expected to become the chairman of the CFTC, which may influence future cryptocurrency regulation.

Former Republican CFTC commissioner Brian Quintenz has become a leading candidate to head the U.S. Commodity Futures Trading Commission )CFTC###. According to sources, Quintenz has interviewed for the position. Currently, he is responsible for policy affairs in the digital assets department of a venture capital firm. If Quintenz is ultimately appointed, it could have a significant impact on cryptocurrency regulatory policies in the near future.

( "Nature" reports that scientists earn substantial income from reviewing papers through cryptocurrency.

The globally renowned scientific journal "Nature" reported on a decentralized science ) DeSci ### project, which incentivizes academic peer review through native tokens, with approximately $150 worth of token rewards for each paper reviewed. A molecular biology consultant from Brazil stated that his income from reviewing papers for the platform has exceeded his salary when he was a professor. He reviews an average of 15 papers per month and believes that paid peer review is fairer and more reasonable.

After the announcement of the news, the prices of related tokens surged. According to a data platform, the token's increase reached 22.7% within 24 hours, peaking at 1.04 USD.

Hot Narrative

( Decentralized Science ) DeSci ### is heating up again, and the cryptocurrency industry faces new opportunities and challenges.

Recently, decentralized science ( DeSci ) has become a hot topic in the crypto industry. According to search trend data, this keyword reached its peak search popularity in five years at the end of November. DeSci is actively addressing challenges such as funding shortages and data sharing in traditional scientific fields, and its application scope has expanded to various areas including advancing research and reducing the cost of genetic testing.

Although the DeSci tokens have recently shown active performance, raising some doubts, this track has once again attracted attention with the focus of authoritative institutions. Currently, the total market capitalization of leading DeSci tokens has surpassed 1.2 billion USD, demonstrating significant growth potential and market recognition.

Hot Projects

AI Project Introduction

A project is building a Rust library for developing scalable, modular AI-driven applications. The project is built on Rust and is deeply integrated with a public blockchain ecosystem, offering excellent speed, scalability, and security.

Its roadmap includes:

1. Multi-Agent System
2. Agents for specific platforms ( such as social media, collaboration tools, etc. )
3. Agents with on-chain operation capabilities
4. Proxy for reading on-chain data
5. Integration with Other Proxy Networks
6. Developer Education Content

Sector Rotation