Summary
TLDR: Markets have shifted from AI to dog coins and back to AI in the same month. Top cryptocurrencies like FET, RNDR, and AGIX have rallied, while memecoins like PEPE and SHIB have dropped. Ethereum validators are pulling out, staking APR has increased, and new restaking apps are gaining popularity. Bitfury-owned miner Cipher Mining and MicroStrategy have seen significant gains, with MicroStrategy planning to buy more bitcoin with a fresh debt offering. Coinbase and COIN have also seen growth.
Key Points
1. Markets have rotated from AI to dog coins and now back to AI, all in the same month.
2. Fetch.ai (FET), Render (RNDR), SingularityNET (AGIX) lead top cryptocurrencies over the past day, with each rallying between 33% and 35% as of 7:30 am ET.
3. Memecoins fell the most, with pepe (PEPE), bonk (BONK), dogwifhat (WIF) and shiba inu (SHIB) losing more than 15%. (Memecoins are still the best performers over the past week.)