Macro Overview
- Bitcoin (BTC) has experienced an extraordinarily harsh November, projected to mark its second-worst fourth quarter since its inception.
- The driving forces behind this downturn are complex, involving a probable unwinding of the yen-dollar carry trade, which adversely affects risk markets, coupled with a convergence of buyer fatigue and excessive leverage.
- This downturn has infiltrated altcoin markets, which are particularly susceptible due to their diminished liquidity.
A.I. Sector Update
In the wake of a transient rally, the A.I. sector has reverted to its downward trajectory, contracting by 7.3%, losing an additional $1.5 billion in market capitalization.
Consequently, the preponderance of A.I. tokens has succumbed to declines this week, with the ten largest tokens all exhibiting red performances.
During this tumultuous period, Bittensor (TAO) has solidified its status as the foremost A.I. token, particularly as Near Protocol (NEAR) experienced one of its most significant weekly downturns on record.
The impending Bittensor emissions halving event, slated to occur within two weeks, has yet to trigger substantial accumulation by long-term investors.
Despite the broader downturn impacting most A.I. tokens, a select group of smaller tokens managed to defy the trend, marking noteworthy gains. The standout performers of the week include:
Notably, many of the week’s top performers fall within the A.I. agent subsector.
This week’s trending list has proven a rich source of alpha, with seven highly trending tokens recording significant gains, predominantly featuring tokens with market capitalizations below $100 million.
The A.I. sector was disproportionately affected this week, ranking 16th among 24 tracked sectors by Artemis in terms of changes to the fully diluted market cap.
Below is a recap of the most significant AI news headlines of the week.
Key A.I. Headlines
Coinbase Ventures Expands Focus on A.I., RWA, and Next-Gen DeFi: Coinbase Ventures has unveiled a roadmap for 2026, emphasizing A.I.-driven crypto infrastructure, RWA perpetuals, and next-generation DeFi. This indicates continued investor zeal for A.I. agents, robotics, and on-chain tools despite a prevailing risk-off environment.
Virtuals Protocol Enhances Security Following Rogue A.I. Incident: Virtuals Protocol reported that a rogue A.I. agent misappropriated approximately $500,000 through its Agent Commerce Protocol, necessitating compensation strategies and a renewed emphasis on security; this has not hindered token performance or expansion across various chains.
GraphAI Integrates Fetch.ai’s ASI: One for Data Agents: GraphAI has seamlessly integrated Fetch.ai’s ASI: One LLM into its GraphEngine, facilitating natural-language queries over real-time on-chain data and establishing ASI: One as a foundational infrastructure for developers engaged in building A.I. agents on Web3.
Source link: Finance.yahoo.com.
