For the Love of the Game (Market Commentary) |
The era of crypto adoption is here, with Bitcoin leading the charge. This week, we heard a spokesman
from the White House suggest that President Trump could sign an executive order to open up the $9T retirement funds market to crypto.
But while BTC is top of
mind for most, ETH is not so quietly climbing its way back into the conversation. SEC Chairman Paul Atkins declared that ETH is not a security, and ETH ETFs saw a record weekly inflow of $2.12B last week. The big signal is that ETH is actually outpacing BTC in the past week, up +22.8% to BTC’s +2.3%. It’s clear that altcoin season is loading, so keep your eyes out for major moves outside of the crypto majors. Historic Crypto Legislation on Crypto Week Major stablecoin legislation, the GENIUS Act, has been signed into law by President Trump after passing its final vote in the House on Thursday. - The CLARITY Act and an anti-CBDC bill both passed the House as well and will head to the Senate for a vote by September.
- Big banks like Bank of America,
Morgan Stanley, and Citigroup are working on their own stablecoins.
- Mastercard celebrated the passing of the GENIUS Act, saying that we’ve entered a new era of
clarity and confidence in digital assets.
- Sen. Elizabeth Warren continues to fight crypto, saying the CLARITY Act could blow up the value of
the NYSE.
Coinbase Unveils Everything App At a major event on Thursday, Coinbase revealed its new wallet
that combines social media, AI tools, crypto trading, and more. - Brian Armstrong shared their promo videos highlighting the new Base App’s logo and all-in-one
features.
- Armstrong also created his first token on Base by tokenizing a tweet that poked fun at his
handshake with Jesse Pollak.
- They also announced that Base Pay now works on Shopify, along with 1% cashback in the US for all USDC
payments on Base.
The King of NFTs Regains their Crown. CryptoPunk sales are flying, and they are bringing up the rest of the NFT market with them. - Traders are sweeping up the CryptoPunks floor, sensing that prices are about to get out of reach. In the past 7d CryptoPunks sales represented 95 of the top 100 NFT sales on CryptoSlam.
- The top NFT sale this week was a V1 CryptoPunk, a rare Alien Punk, selling for 200 $ETH
($725K).
- We also saw a rare V1 Ape CryptoPunk #4464 sell for 50 $ETH
($181K).
- The main CryptoPunks collection’s top sale was CryptoPunk #6760, which sold for 69 $ETH ($257K).
The AI market climbed +31.34% to a 12.32B market cap this week. Tokens were green almost across the board with FET climbing +18.04% to $2.21B, FARTCOIN +20.03% to $1.57B, and VIRTUALS +11.31% to $1.22B. - Virtuals implemented updates to their website this week, including video previews for Genesis
launch projects, and a new layout for Upcoming, Succeeded, and Failed launches.
- Genesis Point emissions are changing again on Virtuals, with utility agents and agents with ACP
functionality soon accruing more points. Virtuals also released their June monthly update report.
- Betting platform and agent Billy Bets began its migration from Solana to Base
yesterday.
- Neurobro officially joins the Virtuals ACP to start receiving human jobs via The Butler
agent.
- 3D avatar agent Luna released her first music single called Reaching for the
Sky.
- Athena and Kosher Capital’s integration for Hyperliquid trading insights is now
live.
- App Duck became the first Vader Yap contest winner after bidding the most tokens to receive
community mindshare. Vader is now tweaking their points distribution to favor $VADER stakers more than yappers.
- Pudgy Penguins teased a new Lil Pudgy branded toy that will come with an AI
companion.
The NFT market is in the midst of a serious rebound, with the NFT market cap now sitting at $10.9B and top projects finding big increases to their floor prices. - Top movers include Taproot Wizards +24% to .23 $BTC ($27K), Pudgy Penguins +19.6% to 16.19 $ETH ($60.5K), Fidenzas +30.8% to 34 $ETH ($127K), CryptoPunks +8.1% to 45.69 $ETH ($170.6K), and Moonbirds are up 132% to 1.74 $ETH ($6.5K).
- Other top NFT sales this week include Autoglyph #157 for $380K USDC, and Pudgy Penguin #4039 for 65 $ETH ($201.6K)
- Christie’s is auctioning a new 1/1 Refik Anadol collab artwork with Lionel Messi, and it currently has a high bid of $1.8M.
- Pudgy Penguins dropped multiple updates this past week, including a major partnership with PEZ,
an updated website, a partnership with Japan’s largest convenience store, Don Quijote, and a partnership with China’s Suplay.
- The CyberKongz are the latest NFT collection to launch sticker packs on Telegram, selling out their
collection of 5,555 stickers in minutes.
- Classic Polygon DeFi/gaming project Aavegotchi is officially moving to Base this
week.
- FxHash announced that they will no longer have generative art mints on Tezos going forward, and will
now focus on Base.
- NFT sales came in at a 25-week high, climbing +13.37% from last week and hitting $153.22M.
- Trade profits are also climbing, up +58.85% to -$1.76M. While still negative, it’s our best week of profits in 26 weeks.
- Unique sellers hit a 61-week high of 225,409, a major sign that participants are flocking back to NFTs.
ETH NFT Composite - 639.73 (+9.69%)
SOL NFT Composite - 536.20 (+4.33%)
POL NFT Composite - 4.76 (+0.21%)
CAR NFT Composite -
288.33 (-3.19%) Top Gainers 7d ENA - $0.5168 (+52.8%)
FLOKI - $0.0001404
(+46.3%)
DOGE - $0.2704 (+36.6%)
CRV - $0.9505 (+34.2%)
KAS - $0.1108 (+30.5%)
Top Losers 7d
PUMP - $0.004229 (-20.8%)
XMR - $316.72 (-8.0%)
HYPE - $44.21 (-5.5%)
WBT - $44.40 (-3.2%)
LBTC - $117,063 (-2.5%) Virtuals Agents
Alliewai
Date - July 22
Blockchain - Base
Token - $AWAI
DeepBrew
Date - July 24
Blockchain - Base
Token - $DEEP NFTs Fragments of Order
Date - Aug 7
Blockchain
- Ethereum
Price - .025 ETH |
LangChain is a powerful framework for building AI agents using LLMs such as GPT. It allows the integration of retrieval-based knowledge, external APIs, and reasoning capabilities into the AI workflows of a developer. The use of LangChain for
building chatbots, automation tools, and decision-making AI agents seems widespread. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
|
