Solana AI Hackathon Sparks Innovation in Crypto with 400+ Projects and Million-Dollar Tokens
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Daily Top Performer — Secret Network (SCRT)
On Friday, the S&P fell sharply as all major industry groups faced losses, driven by rising Treasury yields and the Fed's indication of fewer interest rate cuts in 2025. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.04%, with Bitcoin dropping by 0.10% and Ether rising by 1.73%, in the past 24 hours.
Today's top performer is SCRT, which surged 2.25% following the launch of Claive AI by Secret Network, offering secure, decentralized AI services.
Secret Network (SCRT), launched in February 2020, is a privacy-focused blockchain using encrypted smart contracts to safeguard user data. Secret Network has launched Claive AI, a decentralized platform for secure AI services using blockchain and confidential computing. It ensures data privacy through trusted execution environments (TEEs) and Nvidia GPUs. Developers can integrate AI services via an open-source SDK, while workers stake SCRT tokens to participate. Initially focused on large language model inference, Claive AI aims to address privacy concerns and empower users and developers.
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Talk of the Town
The inaugural Solana AI hackathon, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto. With AI agents gaining traction, some projects, like FXN, already have tokens with market caps reaching millions. The hackathon's entrants are focused on developing intelligent interfaces for the Solana ecosystem, with a strong emphasis on AI agents for on-chain trading and DeFi. The winning projects will be announced on January 10, 2025. The success of these AI agents highlights their growing importance in crypto and DeFi innovation.
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Bitcoin Spot ETF Flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
23 December 2024 | (38.4) | (188.1) | (226.5) |
24 December 2024 | 0.0 | (338.4) | (338.4) |
25 December 2024 | - | - | 0.0 |
26 December 2024 | (24.2) | 499.4 | 475.2 |
27 December 2024 | 3.7 | (291.6) | (287.9) |
Total (weekly) | (58.9) | (318.7) | (377.6) |
Current Total (from inception): | (21,352) | 57,008 | 35,656 |
Between December 23-27, 2024, the Bitcoin Spot ETF experienced a net outflow of $377.6M, with $58.9M from GBTC and $318.7M from Non-GBTC funds. The current cumulative totals are -$21.352B for GBTC, $57.008B for Non-GBTC, and a net of $35.656B.
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Airdrop to Watch
Midas is a tokenized real-world asset (RWA) project that raised $13.75M in funding. It is offering a free airdrop through its Telegram bot, where users can earn GM Points daily by completing simple tasks like tapping, following on social media, and more. Users need to connect their Ton wallet to participate.
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