For the Love of the Game (Market Commentary) |
We’re in the midst of another big week for crypto adoption that ranges from where you can spend your
crypto to new legislation.
PayPal introduced two new products that bring crypto to billions - PayPal World and Pay with Crypto. Between the two products, crypto will now be accepted all over the world via a global network of payment partners and crypto integrations.
On the legal front, a new bill was introduced in the US Senate that will act as a companion to the CLARITY Act. If it passes, businesses will be able to raise money via ICOs at a scale we haven’t seen before.
And tomorrow we’ll finally get the long-awaited crypto report from the US government that has been in the works for nearly the entire year. This stems from the Executive Order to create a Strategic Bitcoin Reserve, and many expect this report to give suggestions on how the US will acquire
BTC. We’ll dive further into that report next week, but for now, let’s check out the biggest stories from across Web3 over the past week. The PumpFun PUMP token is only 2 weeks old and has been down only since. Now talk of their community airdrop has it falling even further. - Alon, founder of PumpFu, went on ThreadGuy’s live stream last week and confirmed
that an airdrop is coming, but not anytime soon.
- Rumors are flying that a $PUMP token incentive program is coming to reward traders with daily
rewards.
- FUD around PumpFun is helping BonkFun’s hot launchpad, which saw another all-time high in 24-hour
fees ($1.95m).
- BonkFun flipped PumpFun in daily active users, with over 4,000 active
users.
- BonkFun also announced that 1% of their total revenue will go toward buying back top memecoins in
their ecosystem.
Last week, we witnessed one of the largest Bitcoin
transactions in history when $9.5B worth of $BTC (80,000) were sold by Galaxy Digital. - The seller was an early Satoshi-era Bitcoin investor who has been holding the tokens (0.4% of the total supply) since around 2011.
- Normally, a sale of this magnitude would rock the market, but this time it barely budged, falling to just $116k over the next 24 hours and then recovering.
- Galaxy notified the public that the sale was for a customer’s estate planning, and he still holds another 80,000 $BTC.
A major update to the RR BAYC NFT case came last week as the Ninth Circuit Court overturned Yuga Labs’ $9M judgment. - The case against Ryder Ripps and Jaremy Cahen for their trademark infringement against the BAYC has been sent back to a California federal court for further proceedings.
- Yuga Labs CEO and Co-founder Greg Solana (Garga) called the case a win for all of NFTs as the new
ruling did affirm that NFTs qualify as goods under US trademark law.
- Co-defendant Ryder Ripps called the ruling a win for artistic
expression
The AI market fell -8.68% to a 11.25B market cap this week. The top tokens all saw a decline in price this week, with FET -16.01%, FARTCOIN -22.36%, and VIRTUAL -21.68%. - Top launches on Virtuals this week were $AWAI ($1.63m), $DEEP ($322k), and $QUANT ($222k).
- The SWARM AI agent is growing beyond Virtuals, announcing that they'll be integrating on the
Ensemble AI platform.
- Luna dropped a major announcement today, revealing their new memecoin launchpad on
Ethereum.
- Virtuals reset airdrops for $VIRTUAL stakers that sold any of their airdropped
tokens.
- Billy Bets' migration to Base has now been completed as they get ready to join the ACP. They
also announced a $1m funding round from some major names in Web3.
- Vader is ending their pay for the Yaps campaign after just 2 weeks due to low
demand.
- Virgen Capital ACP cluster has officially been renamed to Vader Capital
Cluster.
NFTs are on fire, and CryptoPunks are back to 2022 prices. Is it time to say NFTs are back? - CryptoPunks’ floor price climbed to $200k (over 50 $ETH) this weekend. 96 of the top 100 NFT sales this week were CryptoPunks, with the standout sale being CryptoPunk #5577, which sold for $5.15m.
- Bitcoin NFTs (Ordinals) are turning heads with NodeMonkes up +67% in the past 7d to .07 $BTC ($8.2k), Bitcoin Puppets +24.4% to .049 $BTC ($5.8k), Bitcoin Shrooms up +85% to 1 $BTC ($117.6k), and a new collection called Adderrels, (a new NFT standard called BRC 2.0) hitting .014 $BTC ($1.6k).
- Moonbirds soared to a 2.6 $ETH ($10k) floor, while some smaller but noteworthy collections saw big increase like Clone X +100% to .28 ETH ($1.1k), Hashmasks +151.4% to .189 ETH ($717), MoonCats +177.7% to .4 ETH, ($1.5k), and rektguy +56.1% to .99 ETH ($3.8k).
- RektGuys celebrated a new ATH for their $REKT token ($500m), and this week has a new limited edition drink launching in collaboration with Binance.
- Pixel Vault is facing serious backlash after announcing the end of their project after 4 years and $100m raised. They are now taking offers for ownership of their assets.
- Yuga Labs hosted their first-ever Meet At The Clubhouse Bubble in the Otherside Metaverse,
and revealed footage of the upcoming Bathroom Blitz shooter.
- Azuki is minting Mizuki shorts as collectible ERC-1155 NFTs.
- Takashi Murakami is launching
new collectible trading cards on the Base app.
- NFT sales are now at a 26-week high, and the 3rd highest we’ve seen in 2025 at $167.43m.
- Average sales price also hit a 26-week high at $135.10.
- Trade profits are finally back in the positive for the first time since the week of Jan 13, 2025.
ETH NFT Composite - 671.03 (+4.89%)
SOL NFT Composite - 533.32 (+2.47%)
POL NFT Composite - 4.36 (-8.40%)
CAR NFT Composite -
280.97 (-2.25%) Top Gainers 7d ENA - $0.6344 (+20.8%)
FLR - $0.02409 (+18.8%)
CRO - $0.1417 (+16.9%)
SPX - $2.16 (+14.7%)
PENGU - $0.04085 (+13.0%)
Top Losers 7d
FARTCOIN - $1.23 (-19.0%)
FET - $0.7103 (-14.8%)
DOGE - $0.2288
(-14.7%)
PEPE - $0.00001203 (-12.6%)
APT - $4.69 (-12.2%) |
A vector database is a specialized system designed to store and search high-dimensional data, like AI embeddings, which represent information in numerical vector form. These databases enable fast similarity searches—critical for AI tasks such as
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