Cryptocurrency
Weekly ETF Recap: Bitcoin Sees Longest Negative Streak, Ethereum Demand Missing
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January.
At the same time, the Ethereum counterparts still see little activity, with investors’ demand and interest obviously missing.
Bitcoin ETFs’ Negative Streak
CryptoPotato reported last weekend the substantial outflows of $277.2 million registered in the prior five-day trading period. The landscape only worsened in the past week, even though September 2 was a national holiday in the States.
For the four-day trading week, investors pulled out $287.8 million on Tuesday, $37.2 million on Wednesday, $211.1 million on Thursday, and $170 million on Friday. Fidelity’s FBTC was the biggest loser, leading the adverse trend in three out of the four days.
Overall, $706.1 million left the US spot Bitcoin ETFs within this timeframe. Moreover, this extended the negative streak to eight consecutive days in the red, which has now become the longest.
Aside from the previous Monday (August 26), when investors allocated $202.6 million in the ETFs, all subsequent trading days have been in the red. This means that the overall outflows within the past two weeks alone have been close to $900 million.
Consequently, the total AUM has fallen below $50 billion for the first time since May 1. As such, it’s safe to assume that the ETF outflows are among the most probable reasons behind BTC’s price decline of 7% in the past week.
U.S BASED SPOT #BITCOIN ETF AT LOWEST LEVEL SINCE MAY 1.
After a bearish week for the prices of many crypto tokens—only three of the top 50 tokens by market cap gained on the week, the value of U.S.-based spot bitcoin and spot Ethereum exchange-traded funds have hit new… pic.twitter.com/0in9Ogy1XJ
— Karan Singh Arora (@thisisksa) September 8, 2024
ETH ETFs Lack Demand
While the spot Bitcoin ETF flows are quite volatile, the same cannot be said about the Ethereum counterparts. The second-largest cryptocurrency is yet to capture investors’ interest and demand.
Tuesday was the worst day in terms of outflows, with $47.4 million leaving the ETH funds. $37.5 million was pulled out on Wednesday, while Thursday and Friday saw minimal activity, with $0.2 and $6 million in outflows.
Recall that there was zero reported activity last Friday, while the outflows have dominated in 11 out of the last 13 trading days.
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Cryptocurrency
New Investment Opportunities in the Web3 and AI: BYDFi Launches VIRTUAL, CLANKER, and GRIFFAIN
[PRESS RELEASE – Seychelles, Seychelles, January 2nd, 2025]
Amid the deep integration of Web3 and AI technologies, the BYDFi cryptocurrency exchange has recently launched three forward-looking AI concept tokens—VIRTUAL, CLANKER, and GRIFFAIN—providing global investors with the opportunity to tap into emerging markets.
VIRTUAL: A Leader in the AI Agent Ecosystem
VIRTUAL, the native token of Virtuals Protocol, has been recognized by Grayscale as one of the “Top 20 High-Growth Potential Tokens.” Currently, VIRTUAL has a market cap of $3.4 billion, ranking 43rd in cryptocurrency market capitalization. According to data from GMGN, it always tops the ranking among tokens on the BASE blockchain. Currently, the price of VIRTUAL is $3.49, with a 30-day ROI of 117% and an increase of 23,757.6% in the past year. Lookonchain monitoring revealed that 19 days ago, an investor purchased 4.25 million VIRTUAL tokens for 10 million USDC at an average price of $2.39 per token. Tokens that are now worth $21.5 million.
The market performance of VIRTUAL is largely driven by the rapid growth of the AI Agent ecosystem. As a leading project in this space, Virtuals Protocol is emerging as a “production factory” for decentralized AI Agents, providing robust support for their development and deployment.
Jansen Teng, co-founder of Virtuals Protocol, stated: “We have launched over 11,000 AI agents to date, with more than 140,000 Virtuals token holders and cumulative revenue exceeding $35 million. We are exploring various use cases for autonomous AI agents (Autonomous Agents), including applications on social media platforms like TikTok.”
CLANKER: The “Dark Horse” of the Token Market
Clanker is an AI token issuance platform based on Farcaster. It simplifies the process of issuing token assets. The project was developed by Jack Dishman, a full-stack engineer at Farcaster, and ecosystem developer @proxystudio.eth. The first meme token issued by Clanker is CLANKER itself. As of the time of writing, its price stands at $73.96, with a market capitalization of $73.33 million.
Previously, Clanker co-founder @proxystudio.eth responded to MetaMask co-founder Dan Finlay, stating that the team is upgrading the Clanker smart contract to allow users to directly claim a 40% revenue share (including ETH and tokens).
GRIFFAIN: An AI Solution on the Solana Blockchain
Griffain is an innovative project in the Solana ecosystem, leveraging the unique synergy between cryptocurrency and artificial intelligence to theoretically perform almost any task. Based on use cases shared on the social platform X, Griffain’s capabilities go beyond those of traditional chatbots. Users can directly purchase alcoholic beverages via Griffain and complete transactions using cryptocurrency or other payment methods—all, within the chat interface. Additionally, Griffain can assist users in selecting and purchasing Christmas gifts, offering a seamless, one-stop shopping experience without leaving the chat window.
Being one of the closest projects to the “Agentic APP” concept, Griffain has received the support of many different influencers in the Solana ecosystem. According to the latest market data, its native token once reached a market capitalization of $400 million, pulling back a bit now, with a token price of $0.289.
Accessing BYDFi for Trading AI-Concept Tokens
Currently, BYDFi enables users to easily trade many well-known AI concept tokens by visiting BYDFi website or through the BYDFi app, like some of the newly launched popular tokens: GRIFFAIN, VIRTUAL, and CLANKER. Other highly sought-after AI concept tokens such as AICell, MONKY, FROG, and LUNAI are now also available for trading on the BYDFi platform.
About BYDFi
Founded in 2020, BYDFi has earned the trust of millions of users worldwide through its commitment to optimizing user experience and continuous innovation. Recognized by Forbes as one of the Top 10 Best Global Crypto Exchanges , the platform offers spot trading for over 600 cryptocurrencies as well as flexible leveraged trading options ranging from 1x to 200x. By partnering with internationally renowned payment service providers such as Banxa, Transak, and Mercuryo , BYDFi has simplified the crypto purchasing process, enabling users to buy crypto with ease and at low costs .
BYDFi is dedicated to building a world-leading crypto trading experience for users. BUIDL Your Dream Finance
For inquiries and support, users can reach via the following:
- Website: https://www.bydfi.com
- Support Email: CS@bydfi.com
- Business Partnerships: BD@bydfi.com
- Media Inquiries: media@bydfi.com
Users can stay connected with BYDFi through their social media platforms:
Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube
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Cryptocurrency
Double-Digit Gains From These Alts as Bitcoin Price Eyes $96K (Market Watch)
Bitcoin’s start of the new year was painful as the asset slumped toward $93,000 once again, but it has reacted well and now sits a few grand higher.
Numerous altcoins have produced impressive gains over the past 24 hours, with ETH surging past $3,400 and XRP gaining 12% of value.
BTC Eyes $96K
Following its latest all-time high of over $108,000 on December 17, BTC went into a full correction mode, dumping by $16,000 within just days by December 20. It bounced off in the next week or so and even challenged $100,000 on a few occasions, but to no avail.
The subsequent rejection from the second attempt pushed it south hard to $91,300 on December 30, which became its lowest price tag in over a month.
The bulls finally stepped up at this point and propelled a run toward $95,000, where they were stopped, and BTC slipped beneath $92,000. More volatility ensued at the end of the calendar year, with a surge to $96,000 and another drop to $93,000.
The past 24 hours have been more positive for the largest digital asset, as it now stands close to $96,000 once again. Its market capitalization has risen to $1.9 trillion on CG, while its dominance over the alts has taken a hit to 53.8%, as most have registered impressive gains.
XRP, XLM on the Rise
Most altcoins dumped hard yesterday, but the landscape is entirely different today. Ethereum slipped below $3,400 but has reclaimed that level after a 2.5% daily surge. Similar increases are evident from BNB, TRX, and TON, while SOL, DOGE, ADA, AVAX, LINK, and SHIB have unlocked gains of up to 11%.
XRP has stolen the show from the top 10 alts, with a surge to $2.38 (12% on a daily scale). XLM is the top performer from the larger-cap alts, gaining 22% and trading above $0.42.
The cumulative market cap of all crypto assets has added over $130 billion overnight and is up to $3.53 trillion on CG.
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Cryptocurrency
Pump AI Challenges Virtuals, Focuses on Solana AI Agents with Meteora
[PRESS RELEASE – Dubai, United Arab Emirates, January 2nd, 2025]
Pump AI aims to be a major driving force for adopting Meteora via its advanced AI-powered token generation ecosystem. The protocol enables anyone to create, manage, and issue tokens with a few AI prompts. This approach eliminates technical roadblocks like coding and blockchain adoption. Similar to what Virtuals and Pump Fun have already accomplished.
Pump AI Has Major Backers and Integrations
Industry leaders support Pump AI. The protocol has secured backing from Meteora, Ape Terminal, M3M3, and Cherry so far. Additionally, the project works directly with multiple bots including Photon, Maestro, and Banana Gun. These partnerships ensure new user flow.
Pump AI is the New Meta for Token Launches
Pump AI is the first and only AI-powered launchpad in the Meteora ecosystem. This liquidity layer for Solana has 300K+ active users and has helped the network expand its performance and developer community. Notably, Meteora is more than just integrating Pump AI, it’s one of its main backers.
Due to this positioning, Meteora will help funnel its hundreds of thousands of daily users to Pump AI. This user flow will operate similarly to how PumpFun drew users from Raydium. The support from Meteora will drastically lower the average per-user acquisition cost for Pump AI and provide Pump AI with a major user catalyst and on-ramp.
Pump AI is a Bonding Curve Launchpad
Pump AI provides additional features for new projects seeking to enter the market. For one, it has variable bonding curves, or set marketcaps needed to open on Meteora. This structure allows token issuers to determine a preset value for their pool to hit before going live on the Meteora exchange. Notably, Pump AI can handle thousands of token launches, potentially equaling hundreds of millions in fees generated daily.
Pump AI Leverages Meteroa’s DLMM and M3M3’s Staking Tech
Pump AI integrates Meteora’s unique DLMM system for potential liquidity. The system pays out rewards generated from slippage and spreads derived from token liquidity.
Additionally, the M3M3 stake-to-earn protocol rewards namecoin stakers for their potential liquidity and encourages long-term staking.
What’s Next for Pump AI
Pump AI plans to accelerate development and expand its ecosystem. Key upcoming milestones include its Token Generation Event, the release of the AI powered Launchpad, partnerships with more industry leaders, and collaborations with AI developers across the tech space.
$PUMPAI Token has Multiple Streams of Value
$PUMPAI is a versatile digital asset that operates as the main utility and rewards token for the ecosystem. Notably, trading fees from Pump AI go towards buybacks that get added to treasure troves. This strategy allows stakers to secure Pump Points, granting access to treasure troves containing $PUMAI tokens.
Additionally, Pump AI will use a portion of all fees collected on the platform to buy back and burn $PUMPAI tokens.
About Pump AI
Pump AI is a leading Bonding Curve (set marketcap) Launchpad on the Meteora ecosystem, enabling projects to launch with customizable curves, high-throughput capacity, and integrations with Meteora’s advanced DLMM for optimized liquidity and user incentives.
Pump AI leverages M3M3 staking technology to allow projects to easily enable staking and LP farming on Meteora’s DLMM. Meteora’s DLMM system allows people to earn $SOL rewards from the liquidity around their token as long as it’s paired with $SOL.
Website: https://PumpAI.ag/
Twitter: https://x.com/pumpdotai
Telegram: https://t.me/PumpdotAI
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