Biteye AI Daily June 13

Today's zone market capitalization: $9.19B -12.4%

Due to geopolitical tensions and technical breakdowns, the market is facing a Black Friday today, and the AI zone is no exception. The good news is that on-chain AI and cryptocurrencies are gaining further recognition from traditional markets.

📈Top 10 24h Trading Volume on Coingecko: Token Trading Volume Market Cap Price Volatility 1- $VIRTUAL $391.3M $1.2B $1.78 -15.1% 2- $TAO $151.9M $3.2B $364.14 -10.3% 3- $KAITO $107.7M $338.3M $1.40 -14.2% 4- $AI16Z $99.7M $177.8M $0.16 -20.0% 5- $AIXBT $98.1M $154.6M $0.16 -10.8% 6- $PROMPT $60.9M $34.0M $0.15 -20.0% 7- $COOKIE $42.2M $104.8M $0.19 -18.8% 8- $GOAT $38.6M $103.0M $0.10 -17.0% 9- $ALCH $24.0M $109.1M $0.13 -2.9% 10- $ZEREBRO $20.2M $25.7M $0.03 -15.0%

⭐️Key Information

• Major Web2 internet services such as Spotify, Google Cloud, AWS, and OpenAI have experienced large-scale outages, currently attributed to an issue with Google Cloud's IAM (Identity and Access Management), resulting in authentication disruptions for many services. Decentralized AI service providers in Web3, including @SentientAGI, @WalrusProtocol, @PhalaNetwork, and @ArweaveEco, have stated that their decentralized services were not affected, while on-chain AI Agents and their framework services were significantly impacted.

Comment: Only when the tide goes out do we see who is swimming naked. This large-scale outage has become a touchstone for assessing on-chain projects.

• Leading institutional custody service provider Copper @CopperHQ has reached a strategic partnership with Bittensor's validation node network Yuma, integrating Yuma into Copper's multi-party computation (MPC) technology and settlement infrastructure, enhancing the accessibility of staking rewards and the security of the network, while allowing institutional clients to stake TAO through Copper.

Comment: Institutional clients may bring greater liquidity to the TAO ecosystem, including the establishment of the Bittensor fund by Grayscale, and the Bittensor ecosystem continues to attract the attention of traditional financial investors.

• Web3 abstract wallet infrastructure @privy_io indicates that the global payment giant @stripe, focused on building internet financial infrastructure, will complete its acquisition. Privy will continue to operate as an independent product, providing flexible and straightforward APIs and other services for Web3 developers, bridging the gap between cryptocurrency and fiat currency alongside Stripe.

Comment: Privy provides strong support for simplifying Web3 access for on-chain AI products like DeFAI. Stripe is an important infrastructure that connects cryptocurrencies with fiat currencies, and it is also the underlying service provider for Shopify's announcement today to support USDC settlement for goods. By acquiring rivy, it will further accelerate its efforts to link on-chain and off-chain.

📊 Data source: @xhunt_ai, Cookie DAO, Coingecko

💡Risk Warning: The above is for information sharing only and is not investment advice.