🔥 Biteye AI Daily, June 13th
Today's Sector Market Cap: $9.19B -12.4%

Affected by geopolitical tensions and technical breakdowns, the market experienced a Black Friday today, and the AI sector was not spared. The good news is that on-chain AI and Cryptocurrency are gaining further recognition from traditional markets.

📈 24h Coingecko Trading Volume Top 10:
Token Trading Volume Market Cap Price Fluctuation
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 Spotify, Google Cloud, AWS, and OpenAI experienced large-scale outages. It is currently understood that the source is a Google Cloud IAM (Identity and Access Management) issue, which caused authentication interruptions for many services. Web3 decentralized AI service providers including @SentientAGI, @WalrusProtocol, @PhalaNetwork, @ArweaveEco, etc. have stated that their decentralized services were not affected. On-chain AI Agents and their framework services were more affected.

Comment: You know who's swimming naked when the tide goes out. This large-scale outage has become a touchstone for testing on-chain projects.

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

Comment: Institutional clients may bring a larger amount of liquidity to the $TAO ecosystem, including the previous establishment of a Bittensor fund by Grayscale. The Bittensor ecosystem continues to receive attention from traditional financial investors.

- Web3 abstract wallet infrastructure @privy_io stated that global payment giant @stripe, which focuses on building internet financial infrastructure, will acquire it. Privy will continue to operate as an independent product, continuing to create flexible and concise APIs and other services for Web3 developers, and work with Stripe to bring Cryptocurrency closer to fiat currency.

Comment: Privy provides strong support for simplifying Web3 access for on-chain AI products such as DeFi AI. Stripe is an important infrastructure linking Cryptocurrency and fiat currency, and is also the underlying service provider for Shopify's announcement today to support USDC settlement of goods. Through the acquisition of Privy, it will further accelerate its pace of linking on-chain and off-chain.

📊 Data Source: @xhunt_ai, Cookie DAO, Coingecko

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