Favourable Information from CPI data triggers market rebound Bitcoin breaks through $100,000

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Market Trends and Hotspot Analysis

1. Important Market Trends

1. Macroeconomic Situation

The US Consumer Price Index (CPI) data for November will be released on December 12, showing a year-on-year increase of 2.7% and a month-on-month increase of 0.3%. The core CPI remains at 3.3% year-on-year, with a month-on-month growth of 0.3%. This data has boosted market expectations for the Federal Reserve to cut interest rates at next week's meeting, with the probability of a rate cut exceeding 96%.

As a result, major U.S. stock indexes rebounded. The S&P 500 index rose by 0.8%, and the Nasdaq index surged by 1.77%, breaking the 20,000 point mark for the first time. Tech stocks performed strongly, with Tesla's stock price rising nearly 6%, driving other tech giants to new highs. Cryptocurrency-related stocks also performed well.

Web3 AI Daily Review (2024/12/12)

2. Cryptocurrency market reaction

The cryptocurrency market is experiencing a general rebound. Bitcoin has risen by 4.5%, breaking through the $100,000 mark again, while Ethereum's price has surpassed $3,800. Altcoins are generally rebounding, returning to levels prior to the previous day's decline. Data shows that the net inflow of Bitcoin spot ETFs in the U.S. reached $223 million on the same day, with over 970 million USDT flowing into centralized exchanges within 24 hours, indicating active market trading.

In the meme coin sector, several well-known cryptocurrencies have seen price increases of over two digits. AI concept tokens such as NEAR, ICP, and Render have also achieved gains of more than 10%, indicating the market's ongoing interest in emerging sectors.

Web3 AI Daily Review (2024/12/12)

2. Industry Hot Events

1. Regulatory Trends

Former Republican CFTC Commissioner Brian Quintenz is seen as a leading candidate to head the U.S. Commodity Futures Trading Commission (CFTC). This may signal a significant shift in future cryptocurrency regulatory policy. Quintenz is currently responsible for policy affairs in the digital asset department of a certain venture capital firm. Although the relevant parties have not officially responded to this news, the market is paying close attention.

2. Decentralized Science (DeSci) Development

The globally renowned scientific journal "Nature" reported on the innovative model of the DeSci project ResearchHub. The platform incentivizes academic peer review through its native token RSC, with each paper review earning approximately $150 worth of tokens as a reward. Some scholars have stated that the income earned through this method has surpassed the salaries of traditional academic institutions.

The price of RSC tokens surged after the news was announced, rising by 22.7% within 24 hours, reaching a high of $1.04.

Web3 AI Daily Review (2024/12/12)

3. Industry Trend Analysis

1. The DeSci field continues to heat up.

Decentralized Science (DeSci) has become a new hotspot in the cryptocurrency industry. Google Trends data shows that the search popularity of this keyword reached a five-year peak at the end of November. DeSci is addressing issues such as funding shortages, data sharing, and collaboration in traditional scientific fields, and its application scope is continuously expanding.

Despite a brief period of skepticism in the DeSci field, market enthusiasm has surged again with the recognition of authoritative institutions. Currently, the total market capitalization of major DeSci tokens has surpassed $1.2 billion, demonstrating significant development potential and market acceptance.

Web3 AI Daily Review (2024/12/12)

2. The integration of AI and blockchain accelerates

AI-related projects continue to receive attention. Among them, the $arc project is building Rig, which is a Rust library for developing LLM-driven applications. This project is built on Rust and is compatible with the Solana ecosystem, featuring high speed, scalability, and security.

The project roadmap includes multiple aspects such as multi-agent systems, specific agent platforms, on-chain operational capabilities, on-chain data reading, integration with other agent networks, and developer education, reflecting the trend of deep integration between AI and blockchain technology.

Web3 AI Daily Review (2024/12/12)

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FadCatchervip
· 23h ago
The bull run is here, it's not a dream.
View OriginalReply0
TokenCreatorOPvip
· 23h ago
The bull run is back.
View OriginalReply0
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