Bitcoin

Ethereum

<h2 id="market-overview">Market Overview 📉</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c13df94beaa04327a14db6b4341e8594.png"><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> continued to consolidate in the 65-70K range, moving up 2.57% this week, while <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> followed closely, moving up 1.38% in the same week. Total crypto market cap showed some signs of relief, rising by 2.58% to $2.32T, up from $2.26T from the previous week.Volatility continues to remain low, keeping <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">liquidations</a> to mostly under $250M across both long and short liquidations. Interestingly, <a href="https://www.coinglass.com/FundingRateHeatMap" rel="noopener noreferrer nofollow">funding rates</a> fell further this week, with some majors falling back into negative territory, indicating a strongly negative sentiment despite the lack of any clear direction.📌 Michael Saylor’s Strategy acquires 2,486 BTC for $168.4M, bringing their total holdings to 717,131 BTC. - <a href="https://x.com/Strategy/status/2023744904283714016" rel="noopener noreferrer nofollow">Link</a>📌 Leading crypto market maker, Wintermute, launches 24/7 tokenized Gold trading (PAXG and XAUt), via their OTC desk. - <a href="https://x.com/wintermute_t/status/2023707711284597124" rel="noopener noreferrer nofollow">Link</a>📌 Peter Thiel fully exits his position in ETH treasury company, ETHZilla, as the company pivots once again to tokenized real-world aviation assets. - <a href="https://www.sec.gov/Archives/edgar/data/1690080/000199596426000003/xslSCHEDULE_13G_X01/primary_doc.xml" rel="noopener noreferrer nofollow">Link</a>Why does it matter?Crypto markets continue to show little signs of life, although the violent selling seems to have slowed down since early February. Market participants continue to show little interest in new launches. The S&amp;P 500, as expected, continued to move higher, despite an initial rocky start to the week, finishing 0.70% up this week while the Nasdaq fared better, up 0.82% in the same period.Notable altcoin outperformers this week included <a href="https://coinmarketcap.com/currencies/venice-token/" rel="noopener noreferrer nofollow">Venice Token (VVV)</a>, <a href="https://coinmarketcap.com/currencies/helium/" rel="noopener noreferrer nofollow">Helium (HNT)</a>, <a href="https://coinmarketcap.com/currencies/pi/" rel="noopener noreferrer nofollow">Pi Network (PI)</a>, <a href="https://coinmarketcap.com/currencies/ribbita-by-virtuals/" rel="noopener noreferrer nofollow">Ribbita by Virtuals (TIBBIR)</a> and <a href="https://coinmarketcap.com/currencies/morpho/" rel="noopener noreferrer nofollow">Morpho (MORPHO)</a>.View <a href="https://coinmarketcap.com/gainers-losers/" rel="noopener noreferrer nofollow">CMC Gainers &amp; Losers board</a><h2 id="narrative-of-the-week">Narrative of the Week 📰</h2>With OpenClaw forming one of the largest narratives this year, it is no surprise that crypto projects are jumping in to leverage the hype around it to support the automation of various on-chain tasks.📌 DeBridge introduces deBridge MCP, a universal API enabling AI models and agents to automate complex crosschain tasks including trading, position monitoring, research and more. - <a href="https://x.com/debridge/status/2023382963875127655" rel="noopener noreferrer nofollow">Link</a>📌 Interoperability layer, Orderly Network, also unveils their own Orderly MCP, enabling builders and traders to build, manage and trade on perp DEXs all via AI. - <a href="https://x.com/OrderlyNetwork/status/2023759478018158902" rel="noopener noreferrer nofollow">Link</a>📌 Phantom introduces the Phantom MCP server, allowing AI agents to swap, sign and manage addresses across all Phantom supported chains, with support for perps, prediction markets along the way. - <a href="https://x.com/phantom/status/2023866789860675625" rel="noopener noreferrer nofollow">Link</a>📌 Bittensor subnets open up support for AI agents, with Basilica (SN39) <a href="https://x.com/bittingthembits/status/2022351839715377458" rel="noopener noreferrer nofollow">enabling one-click OpenClaw deployments</a>, and Hippius (SN75) supporting decentralized storage for OpenClaw deployments. - <a href="https://x.com/markjeffrey/status/2022190572413628542" rel="noopener noreferrer nofollow">Link</a>Why does it matter?The AI trend continues to run hot, with AI agents creating a potential recovery narrative for crypto. With AI agents and OpenClaw as the main drivers of the narrative, protocols are rushing in to support the new trend.<h2 id="major-project-updates">Major Project Updates 🗓️</h2>📌 Hyperliquid launches Hyperliquid Policy Center, an independent research and advocacy group to support the development of constructive legislation for DeFi in the USA. - <a href="https://x.com/jchervinsky/status/2024116520427651480" rel="noopener noreferrer nofollow">Link</a>📌 Coinbase L2, Base, leaves the Optimism Superchain, deciding to branch off to build on their own tech stack for faster shipping and a simplified structure. - <a href="https://blog.base.dev/next-chapter-for-base-chain-1" rel="noopener noreferrer nofollow">Link</a>📌 NFT marketplace, Zora, pivots into attention markets on Solana, enabling users to create and trade “trends” on the platform, predicting changes in mindshare and attention on these trends. - <a href="https://x.com/zora/status/2023797263651533053" rel="noopener noreferrer nofollow">Link</a>📌 Pump.fun introduces Cashback Coins, allowing creators to direct all creator fees to traders and holders of their token in an irreversible choice before creating the token. - <a href="https://x.com/Pumpfun/status/2023781347831971916" rel="noopener noreferrer nofollow">Link</a>📌 Polymarket introduces 5 minute up/down prediction markets on crypto prices. - <a href="https://x.com/Polymarket/status/2022343906168623112" rel="noopener noreferrer nofollow">Link</a>📌 Token management infrastructure, Magna, has been acquired by Payward, the parent company behind the Kraken exchange. - <a href="https://x.com/magna_digital/status/2024153758046077077" rel="noopener noreferrer nofollow">Link</a>Why does it matter?As the crypto market grows to institutional levels, fighting for the rights of crypto projects at a regulatory level has never been more important, with The Hyperliquid Policy Center serving as a prime example.<h2 id="defi-brief">DeFi Brief 🏦</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/71429f5b5aa04eb1b414ead96f57bd27.png">Source: <a href="https://coinmarketcap.com/chain-ranking/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/chain-ranking/</a>📌 Money market protocol, Morpho, announces a cooperation agreement with asset management firm, Apollo Global Management Inc., to support on-chain lending markets, with Apollo also acquiring MORPHO tokens in the agreement. - <a href="https://morpho.org/blog/morpho-association-announces-cooperation-agreement-with-apollo/" rel="noopener noreferrer nofollow">Link</a>📌 Lending platform, ZeroLend, shuts down after three years of operations. The majority of markets have already been set to 0% LTV, and users should withdraw any remaining funds from the platform. - <a href="https://x.com/zerolendxyz/status/2023402141545791866" rel="noopener noreferrer nofollow">Link</a>📌 Solana DEX aggregator, Jupiter Exchange, opens voting for their latest proposal to bring net-new token emissions to zero. Voting remains open until 22nd February. - <a href="https://x.com/JupiterExchange/status/2023864955309842594" rel="noopener noreferrer nofollow">Link</a>Why does it matter?With institutions driving the crypto markets, an increasing number of protocols are partnering with top-tier financial institutions for greater reach, including Uniswap with BlackRock, and now, Morpho with Apollo.<h2 id="fundraises">Fundraises 💰</h2>📌 Tether invests in Dreamcash, a Hyperliquid frontend, in a collaboration with Selini Capital to bring USDT0-collateralized markets to Hyperliquid. - <a href="https://x.com/Dreamcash/status/2022346653903270143" rel="noopener noreferrer nofollow">Link</a>📌 Sports betting platform, Novig, raises $75M in a Series B funding round led by Pantera Capital, with support from Multicoin Capital, Perceptive, Forerunner, Makers Fund, and Edge Equity. - <a href="https://x.com/Novig/status/2024123231695687910" rel="noopener noreferrer nofollow">Link</a>📌 Sports prediction exchange, PRED, raises $2.5M in a seed round led by Accel, with participation from Coinbase Ventures, Reverie, alongside strategic angel investors. - <a href="https://x.com/predofficial/status/2023769936536236349" rel="noopener noreferrer nofollow">Link</a>📌 Gaming-focused L1, YOM, raises $3M in a strategic funding round, with investors including Avalanche, Outlier Ventures, CV Labs, Protein Capital, and more. - <a href="https://x.com/YOM_Official/status/2022294686325715356" rel="noopener noreferrer nofollow">Link</a><h2 id="tweet-of-the-week">Tweet of the Week 📝</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7bdb349c00c84d2db4c89aea71ef315b.png">Source: @boldleonidasNothing personal, only business

CMC Market Pulse: AI Agents to Save Crypto?

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