For the Love of the Game (Market Commentary) |
It has been 9 long months since our last interest rate cut, but this week we’re betting
(literally betting on PredictBase) that our first cut of 2025 arrives at the FOMC tomorrow.
Prediction markets show that traders expect a 25bps decrease, and if that’s all we’ll get, we can likely expect
further cuts this year.
Over the past week, Solana got a head start on new price discovery, hitting a 7-month high of $242. For that action, you can thank Solana digital asset treasuries, increasing ETF volume, and crazy on-chain action from the red-hot PumpFun memecoin launchpad.
The rest of the crypto market is likely to follow suit, but what happens if we see a 50bps cut, or even no cut at all this week?
Welcome back, crypto volatility. We are witnessing the birth of the newest meta in crypto after Pump Fun’s streaming platform exploded with record-breaking streams, huge creator fees, and maybe some new stars. - Pump Fun’s Creator Capital Markets exploded this weekend after a coin called Bagwork
was launched by some young streamers on Friday. A few viral moments, like leaking a new Drake song, helped them earn over $180K in creator fees this week, and their token hit a $50M market cap.
- Pump creators claimed over $20M in fees in the past week, and $4M on just Sunday.
- The platform's creator, Alon, tweeted that Pump Fun’s streaming platform has flipped Rumble in terms of
concurrent live streams and has climbed to 1% of Twitch’s market share.
Base Finally Announces a Token At Base’s BaseCamp event in Stow, VT, Jesse Pollak, creator of Base, announced that they will begin to explore a network token. - A Base token has been rumored for nearly 2 years, but now gets official confirmation during Jesse Pollak’s State of Base 2025 keynote speech at BaseCamp.
- Jesse also revealed a new official Solana to Base bridge that is live on testnet now. This will help
Base builders tap into Solana liquidity. Now, Solana tokens can be used on Base apps, and Base tokens can be bridged to Solana.
- The upcoming Base token is expected to launch in one of the largest farming campaigns we’ve seen on-chain to date, and also become a top 10 token by market cap.
The AI market climbed +0.75% in the past 7 days to a 13.48B market cap. Top token movers include REKT (+9.98%), CHEEMS (+4.67%), OPEN (-32.63%), TIBBIR (-4.72%), and VIRTUAL (-4.93%). - 450k SWARM tokens were distributed by Arbus week 3 and 4 campaign rewards.
- Virtuals is working with Backroom to help connect projects with KOL/influencers for deals (like
token presales).
- Vader revealed EgoPlay, a gamified platform where users complete daily tasks with smart glasses to
earn Vader points.
- WatchAI launched a new ticker verification feature on X,
usable by tagging their X account.
- Maicrotrader kicked off their platform’s closed beta for
their crypto copilot.
- Virtuals’ monthly update report was released last week, highlighting their recent achievements in
ACP and Genesis.
- The Ethereum Foundation is creating a DAI team to drive AI development
on-chain.
- Top sales in the NFT market this week include CryptoPunk #2368 for 89 ETH ($408K), BAYC #7485 for 42 ETH ($186K), and Ether Rock #77 for $177K. In total, there were 25 CryptoPunk sales for over $200K each.
- Moonbirds launched a surprise sale on Collector Crypt, raising $1.7M by selling a still-unknown
randomized physical (and NFT-backed?) collectible.
- OpenSea is going on a spending spree and adding to their rewards pool, buying up a MAYC, Chromie
Squiggle, Moonbird, Azuki, Lil Pudgy, and multiple Doodles, GVC, and multiple top NFT collections for giveaways.
- Some massive loan action is taking place on Gondi, including a $750k loan for 2 Lost Robbies and a
Skull of Luci, and Seedphrase’s $2.75M loan on his #1 rarity CryptoPunk.
- Seedphrase has acquired Wolf Game from Pixel Vault and will migrate to
Abstract.
- A new token has been launched called PunkStrategy, which uses trading fees to purchase CryptoPunks, then sells the
Punks, and buys back/burns the token.
- Pudgy Party has officially passed 500,000 downloads in the Apple App Store and Google Play
Store.
- Plush Pepe NFT sales on TON are on fire, with 14 sales between $16k - $25K in the past
week.
- NFT sales are up +10.23% on the week, and back over $100M.
- Wash sales hit a 10-week low of $6.82M.
- Trade profits are in the negative for the 5th straight week, but up +37.43% to -$2.58M.
ETH NFT Composite - 651.51 (-1.25%)
SOL NFT Composite - 522.76 (+1.18%)
POL NFT Composite - 3.39 (-0.29%)
CAR NFT Composite -
233.26 (-5.61%) Top Gainers 7d PUMP - $0.008101 (+71.3%)
HASH - $0.03787
(+51.6%)
MNT - $1.69 (+34.1%)
M - $2.49 (+22.7%)
XMR - $318.97 (+17.4%)
Top Losers 7d
MYX - $10.88 (-35.7%)
WLD - $1.53 (-17.5%)
IP
- $9.79 (-11.1%)
ENA - $0.7091 (-10.2%)
CRO - $0.2284 (-9.8%) |
In AI, diffusion is a generative process where a model creates new data (like images, video, or audio) by gradually transforming random noise into coherent content through repeated denoising steps. Inspired by how particles spread out in
physics, diffusion models reverse this process to “sculpt” structure from chaos. They power some of the most advanced creative tools today, such as image generators and video synthesizers, making them a cornerstone of modern generative AI. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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