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- 1/6/25: AGI Is Coming To Crypto 🧠💰📈
1/6/25: AGI Is Coming To Crypto 🧠💰📈
Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).
Top News
MicroStrategy buys another 1,070 Bitcoin worth $101 million
Solana outpaces Ethereum and Base combined in 24-hour DEX volume
Specs’ Insights
Sam Altman's AGI announcement & AI now up to 72% mindshare.
The AI season continues.
— Kaito AI 🌊 (@_kaitoai)
9:39 AM • Jan 6, 2025
⌐◪-◪ → AI is dominating the conversation.
AI mindshare has hit a record 72% on Kaito AI following Sam Altman’s recent teaser about the path to AGI in 2025. This is the highest it’s ever been and feels like all anyone on X is talking about.
Some are calling this a top signal and rotating back into old memes, while others view this increased mindshare as the start of real discussions.
In a recent blog post, OpenAI CEO Sam Altman stated, “We are now confident we know how to build AGI... in 2025, we may see the first AI agents 'join the workforce' and materially change the output of companies.”
This follows Vitalik Buterin’s Sunday blog post, where he called for global failsafe mechanisms for advanced AI systems, including a "soft pause" to restrict industrial-scale AI operations in case of warning signs.
The future of both AI and crypto has never looked brighter. It feels like we’re just scratching the surface of what’s possible.
2. MicroStrategy buys another 1,070 Bitcoin worth $101 million
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR
— Michael Saylor⚡️ (@saylor)
1:03 PM • Jan 6, 2025
⌐◪-◪ → Saylor cannot be stopped!
MicroStrategy just added another 1,070 BTC to its reserves for $101 million, at an average price of $94,004 per bitcoin.
The purchase follows their sale of 319,586 shares to raise the same amount. MicroStrategy now holds 447,470 BTC, worth over $44 billion, acquired for about $27.97 billion at an average cost of $62,503 per bitcoin.
This latest move reflects MicroStrategy’s unwavering belief in Bitcoin, with the company reporting a 48.0% return in Q4 2024 and 74.3% for the fiscal year.
First corporations, then banks, then states, then nations. The Bitcoin standard is happening.
3. Solana outpaces Ethereum and Base combined in 24-hour DEX volume
⚡️ JUST IN: Solana outpaces Ethereum and Base combined in 24-hour DEX trading volume.
— Cointelegraph (@Cointelegraph)
10:47 AM • Jan 6, 2025
⌐◪-◪ → Solana is riding high on AI!
Solana just surpassed Ethereum and Base combined with $3.66B in 24-hour DEX trading volume.
This represents 40% of total DEX dominance across all chains, according to DeFi Llama.
The surge is likely driven by the booming AI memecoin market, as the AI crypto market cap jumps to $17.3B. New launches like HYPER, GNZ, and HTERM have fueled a 30% market cap increase in the past week alone.
If AI hype persists, Solana seems poised to perform well. However, skepticism around DEX volume metrics remains valid, as they can often be inflated through wash trading.
Everything Else
📈 Market Snapshot
⛓️ Crypto & DeFi
Aave and MakerDAO revisit 2021 highs amid new entrants
Phantom quashes airdrop rumors after Sui support announcement
Hyperliquid leads DEX futures with $285B in 2024
Spirit Blockchain launches DOGE yield strategy, eyes Solana expansion
Polymarket hits $9B volume, 314k traders in 2024
Bitcoin mining difficulty reaches all-time highs 16 years after launch
Ethena plans expansion with iUSDe and Telegram payments
Galaxy Digital predicts five nations adopting Bitcoin in 2025
Aave considers fee switch as USDe pegging proposal draws concerns
Griffain reveals onchain execution via text prompt
🏦 Wall Street & VC
Crypto investment products see record $44B net inflows in 2024
Ripple CEO says 75% of open roles are in US now thanks to Trump
Base explores bringing COIN to layer 2 for US citizens
MicroStrategy expands its 21/21 plan with $2B stock offering
Strive Asset Management files for bitcoin bond ETF
Bernstein predicts crypto’s "Infinity Age" in 2025
BlackRock Bitcoin ETF sees record outflows as profit-taking hits
JPMorgan says “debasement trade” via Bitcoin is here to stay
MARA loans 16% of BTC reserves for modest yield
ZKsync-powered gaming raises $4M in private funding
JAN3 raises $5M to develop AQUA wallet
🏛️ Legal & Regulatory
Deaton calls for FDIC probe over anti-crypto actions
FDIC concerns over public blockchains like Ethereum surface
Mike Johnson re-elected House Speaker with Trump backing
🌎 Rest Of The World
Polymarket bettors confident Justin Trudeau will resign by Friday
Coinbase gains license to offer derivatives in Europe
Dutch regulator grants MiCA licenses to 4 companies
GSR receives approval from the UK's financial authority
Jeju Island taps NFT program to attract young tourists
Japan’s Metaplanet to expand Bitcoin holdings by 470%
🖼️ NFTs & Metaverse
PENGU price surges as Pokémon partnership speculation grows
Elon Musk pumps CumRocket meme coin again
Telegram enables digital gifts as tradable TON NFTs
Dogecoin surges while Fartcoin rides AI hype to new highs