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DeFAI market capitalization down 80% from January...AI industry downturn in full swing

“The market capitalization of the DeFAI (AI+DeFi) sector is down 80% from January this year ($7 billion),” Cointelegraph reported, citing CoinGecko data. “DeFAI, which has been touted as a combination of decentralized finance (DeFi) and artificial intelligence (AI), emerged as a major player in the cryptocurrency market late last year, but has recently been weakened by a sharp downturn in the US AI market. The recent exodus of many big tech companies has also impacted the crypto AI market, resulting in a massive sell-off in DeFAI-related coins (AIXBT, ANON, GRIFT, etc.),” said Mr. Khan.

BTC Short-Term Holder Profits Decline...Investor Sentiment Cools

“While the Short-Term Holder P/L Ratio is still dominant at 1.08, it has fallen below the 90-day average, signaling a general market correction,” on-chain analytics firm Glassnode analyzed via X. ‘The ratio of BTC short-term holders’ market value to BTC short-term holders' market capitalization has declined, cooling

ETH enters most severe undervaluation in years.

According to DeCrypt, crypto asset manager and Bitcoin spot ETF issuer Bitwise has released a report stating that Ethereum has entered its most severe undervaluation phase in years. “Ethereum has consistently underperformed Bitcoin since late 2022,” said Andre Dragosch, Head of European Research at Bitwise. ”I believe Ethereum is fundamentally

Most memecoins not subject to SEC regulation, SEC, Hester Pierce (Spoted Crypto)

“Most memecoins not subject to SEC regulation,” says SEC task force head Hester Pierce

Hester Pierce, the new head of the US Securities and Exchange Commission's (SEC) cryptocurrency task force, said in a Bloomberg interview that “many people are issuing memecoins, but the vast majority of them are likely not regulated by the SEC,” when asked if memecoins like TRUMP and MELANIA

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