Crypto Pulse——12/12 Market Trends and Hot Project Analysis

Preface:
Bitcoin and Ethereum have risen by 4.61% and 5.98% over the past 24 hours, with current prices at $100,799 and $3,822, respectively. The ETH/BTC exchange rate remains steady at 0.038. The Crypto Market Fear & Greed Index stands at 78, signaling greed.

Market Trending

Yesterday, the crypto market saw a rebound, with major tokens surging over 10% across the board. BTC climbed back above $100,000, starting its breakout from the previous low of $95,666 and peaking near $102,000 before stabilizing in the $100,500–$101,000 range. ETH followed BTC’s upward momentum, rallying above $3,800. Among major tokens, the previously strong DeFi sector rebounded sharply, with UNI, AAVE, and EIGEN posting significant gains. This rally is closely linked to the release of the U.S. November CPI data yesterday. The CPI rose by 2.7% year-on-year, up from the previous 2.6%, with a month-on-month increase of 0.3%—the largest in seven months. Both figures were in line with expectations, and the market continues to anticipate further rate cuts from the Federal Reserve.
Public Chain Sector: Tokens in this sector followed the market’s upward trend, with SUI continuing its strong performance, breaking above $4.5. SOL surged past $225, and XRP surpassed $2.3.
DeFi Sector: As one of the strongest-performing sectors in the previous uptrend, the DeFi sector also saw a robust rebound. UNI quickly recovered to $17, while EIGEN’s 24-hour surge exceeded 20%, reaching a new all-time high of $5.297.
Meme Sector: DOGE rebounded above $0.4, while PNUT rose over 25% in 24 hours on positive news. AI16Z, which had seen modest gains earlier, experienced a catch-up rally amidst the market recovery, with intraday gains exceeding 45%. DOG within the Rune ecosystem maintained its strong momentum, repeatedly hitting new highs.

Spot Bitcoin ETF Flows

Yesterday, U.S. Bitcoin spot ETFs saw a $223.1 million net inflow: FBTC: $120 million inflow, ARKB: $52.67 million inflow, GBTC: $20.13 million inflow.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is AI16Z, with a 24-hour gain of 45.64%.
ai16z is a decentralized AI-driven trading fund that utilizes intelligent agents to gather data, assess community sentiment, and execute trades on-chain and off-chain, enhancing the trading experience. The project’s AI model mimics investment decisions of Marc Andreessen (a16z partner), while DAO members provide suggestions weighted by token holdings and recommendation success rates.
Built on the Solana blockchain, AI16Z token holders can vote on minting rights. Developers cannot mint tokens themselves, ensuring decentralization. Following minor increases in associated tokens like ELIZA, AI16Z surged with the broader market recovery.
Check Out the Latest Prices, Charts, and Data of AI16Z/USDT Spot and AI16ZUSDT Perp!

The Word on the Street

SEC Seeks Public Comments on NYSE-Listed Bitwise Bitcoin & Ethereum ETFs
The SEC is requesting public input on the proposed listing of Bitwise Bitcoin and Ethereum ETFs on the NYSE. This fund aims to provide balanced exposure to BTC and ETH, the two largest crypto assets. Bitwise and NYSE filed the application on November 26, moving to the next phase with public feedback.

Project Funding

Stablecoin Payment Platform KAST Raises $10M in Seed Round
On December 12, KAST announced a $10 million seed funding round, co-led by HongShan (formerly Sequoia China) and Peak XV (formerly Sequoia India).
KAST is a stablecoin-based banking platform allowing users to hold and spend stablecoins through traditional payment channels. It offers credit card services compatible with standard merchant networks, enabling users to spend stablecoin assets at merchants that do not accept cryptocurrency payments.