Latest Developments in Web3 and AI

Macroeconomic Market Overview

Microsoft shareholders reject Bitcoin investment proposal

At the shareholders' meeting held on December 11, major shareholders of Microsoft voted against a proposal to invest 1% of the company's total assets in Bitcoin. This proposal was put forward by a research center, aiming to hedge against inflation risks. Despite a brilliant speech by the founder of MicroStrategy, emphasizing that Bitcoin investment could yield substantial returns, shareholders ultimately chose to support the board's recommendation and rejected this high-risk investment strategy. This decision reflects that investors in large tech companies remain cautious about cryptocurrencies.

MicroStrategy may join the Nasdaq 100 index

According to reports, MicroStrategy is expected to officially become a member of the Nasdaq 100 index on December 23. Analysts predict that ETFs tracking the index may purchase about $2.1 billion in MicroStrategy stock, which is equivalent to one-fifth of the company's daily trading volume. If successful in joining, MicroStrategy is expected to become the 40th largest component in the index, with a weight of 0.47%. This news could have a positive impact on the company's stock price.

Development in the Web3 Field

Solana ecosystem AI-related tokens perform strongly

On December 11th, the prices of multiple AI-related tokens on the Solana chain surged significantly. The no-code development platform ALCH's market capitalization surpassed $150 million, setting a new historical high. The AI-driven venture capital DAO token ai16z also exceeded $800 million in market capitalization, with a 24-hour increase of over 50%. Meanwhile, the meme coin DEGENAI saw its price rise more than sixfold in a short period. The strong performance of these tokens reflects the market's ongoing enthusiasm for AI and meme tokens.

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. The platform offers several innovative features, including meme coin launches, leveraged trading, and non-liquidation lending. Notably, its non-liquidation lending feature effectively addresses the liquidation risk problem in highly volatile markets. The platform also has a unique governance mechanism that allows veMAV holders to participate in decision-making and share profits, further enhancing the value of the ecosystem.

CULT token has attracted market attention.

The meme coin CULT, launched by Milady founder Charlotte Fang, has officially gone live, sparking heated discussions in the market. After its launch, CULT's market capitalization briefly reached $1.2 billion but then fell back. The token features a unique allocation and claiming method, including interactive elements such as quizzes and drawing, which adds fun and engagement. Although there is still a gap compared to some well-known NFT projects, CULT's future development potential is attracting attention.

Focus on Popular Projects

YUMI meme coin is rapidly gaining popularity

The meme coin YUMI has rapidly gained popularity on social media due to its similarity to Doge, receiving 1.3 million views on TikTok. Within just 24 hours, the price of YUMI skyrocketed by 7800%, reaching a market capitalization of 3.6 million dollars. This phenomenon reflects the market's ongoing interest in projects similar to Doge.

Industry Sector Analysis

According to the latest data, AI-related tokens and meme coins have performed prominently recently, demonstrating the market's enthusiasm for these emerging areas. Meanwhile, the DeFi and NFT sectors have also maintained a stable development trend. Investors should closely monitor these rapidly evolving fields, but also be mindful of the associated risks.