Reprice Zone
Markets slid again as BTC briefly cratered below $81,000 on Friday, tumbling alongside tech stocks. A weekend bounce helped steady nerves, and BTC is now back above $87,000, testing that range for support. ETH isn't in the clear either. ETH DATs are underwater, which could create short-term overhead supply. With the total crypto market cap dipping under $3 trillion, the broader market still feels the weight. But it's not all red: BlackRock filed a new trust that can hold staked ETH, and MegaETH kicked off its pre-deposit campaign, signaling builders aren't slowing down.
New & Noteworthy
When the market drifts, narratives get interesting. This week, attention pivots to two intertwined sectors: AI Agents and the new frontiers of Web3 development.
• AI is stirring up Pre-Market. Sparkle turns "AI Disneyland" into a thing, Sentient pursues open AGI, and IRYS unifies on-chain storage with smart contract execution.
• Is Web3 finding a new focus? Kyuzo's Friends brings a full gaming ecosystem, Hytopia leans into UGC-driven worlds, and Ultiland taps into on-chain cultural assets (yes, RWA can be fun). It feels like the old land-buying era, but with better tech and calmer vibes.
Weekly Event Highlights
• The Year-End Golden Era Showdown returns. One of our biggest events of the year is back, with a 2,000g gold bar, 6 BTC, and a 10,000,000 USDT prize pool up for grabs.
• It's Ethereum Ecosystem Month. Volatility could pick up, but where there's movement, traders find opportunity. Jump into the Ethereum Ecosystem Month for rewards across swaps, staking, and ecosystem tokens.
Staking Stress Test
ETH staking is one of the strongest structural trends. Around 30% of all ETH is now staked (up from ~15% two years ago), and the curve has barely dipped. Liquid staking tokens hold over 14.12 million ETH, and rewards hold steady in the 2.5-4% range.
And now? BlackRock wants in. With a staked-ETH trust filing on the table, even the biggest TradFi players are circling the staking yield. Apparently, ETH isn't just digital oil anymore… it's becoming digital income.
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As always, we'll keep watching the narratives as they form, and see you in the markets.
