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- WTF to watch this week in Web3 🤔
WTF to watch this week in Web3 🤔
Bonus: aixbt mindshare, age of ai agents?
GM Builders. 🚧
Welcome back to the BW3 newsletter! If your Monday feels messier than an FTX balance sheet, don’t worry—you’re not alone. Let’s dodge the rugs, sip the hopium, and see if this week’s headlines bring moonshots or just more cope. 🤪
Here’s the line up today:
What to watch this week đź‘€
aixbt’s Mindshare 🤯
Meme City 🏙️
WHAT TO WATCH FOR THIS WEEK đź‘€
The ride… 2024 may be ending, but the markets and crypto aren’t slowing down one bit. From traditional financial data to Web3 milestones, this week is stacked with events that could set the tone for 2025.
Here’s the breakdown on macro data:
NOVEMBER PENDING HOME SALES DATA – MONDAY
The housing market is dropping its last big hint of the year. Will we see signs of stabilization or another round of bad news? Housing has been a sore spot in 2024—this data could signal whether we’re starting the new year with hope or hesitation. đźŹMARKETS CLOSED – WEDNESDAY
A rare day of calm for traders as markets are closed for New Year’s. Take a break, recharge, and prepare for what’s shaping up to be a pivotal start to 2025. 🎉TESLA ($TSLA) Q4 DELIVERIES DATA – THURSDAY
All eyes on Tesla as it reveals its delivery numbers for Q4. Did Musk’s empire hit its targets, or will markets punish any signs of weakness? Tesla has been a market darling (and villain) in 2024—this could swing sentiment as we roll into the new year. 🚗INITIAL JOBLESS CLAIMS – THURSDAY
The U.S. labor market gets another pulse check. Are job losses starting to rise, or is the economy still holding strong? A major miss here could set off recession alarms heading into Q1. 🏗️ISM MANUFACTURING PMI – FRIDAY
Manufacturing has been a wildcard this year. Will the final report of 2024 show expansion or contraction? This could influence everything from market sentiment to policymaker discussions in early 2025. đźŹFED MEMBER BARKIN SPEAKS – FRIDAY
Anytime the Fed speaks, the markets listen. Expect cryptic but crucial hints on the 2025 policy outlook. Rate cuts? Extended tightening? Traders will be dissecting every word. 🏦
Here’s the breakdown on crypto headlines:
FTX’S CLAIM DISTRIBUTIONS – JAN. 3
The ghost of FTX returns—but this time, it’s not haunting users. The exchange will start distributing $16 billion in stablecoins to former account holders. A significant chunk of this is expected to flow back into the crypto markets, potentially creating some serious volatility. Will this kickstart a bull run, or are we bracing for some sell pressure? 🔄🪙FRAX X BLACKROCK PROPOSAL – VOTE CLOSES JAN. 1
Frax Finance is making big moves to partner with TradFi giant BlackRock. If the proposal to use BlackRock’s BUIDL as a backing asset for its stablecoin passes, it could set a new precedent for TradFi-DeFi collaboration. Oh, and Frax is also rebranding its stablecoin from FRAX to frxUSD—because nothing says "new year, new me" like a rebrand. 🏗️💵PENDLE’S AIRDROP – SNAPSHOT DEC. 31
A sweet $6M airdrop (at current prices) is on the way for PENDLE stakers. With the snapshot happening on the final day of the year, it’s the perfect New Year’s gift for the community. If you’re a PENDLE staker, check your wallets—you might just start 2025 with a bonus. 🍬💸SUI TOKEN UNLOCK – JAN. 1
A massive $300M worth of SUI tokens will unlock on New Year’s Day. Most of it is heading to early investors and contributors, but the market impact could be significant. Will Sui’s price hold up under the pressure, or are we in for a post-unlock dump? Keep an eye on this one—it could set the tone for token unlocks in 2025. 🔓🔥
Why it all matters?
This week isn’t just the end of 2024—it’s the beginning of a new chapter for markets and crypto. From traditional financial data (hello, Tesla and jobless claims) to Web3 drama (FTX claims, Pendle’s airdrop, and Sui’s unlock), these events have the potential to shape the early days of 2025.
FINAL REMINDER: There are only TWO trading days left in 2024. Markets are thin, sentiment is fragile, and the stakes are high. Don’t sleep on this action-packed week!
MIND OVER META? AIXBT’S INFLUENCE đź§
If you're not already watching aixbt, you're officially missing out. This AI-backed phenomenon is reshaping the game of influence, and Twitter (oops, X) can’t stop talking about it.
According to Yu Hu’s post, aixbt's momentum isn’t just a ripple—it's a tsunami. Its rise in quantifying influence, redistributing rewards to quality creators, and pioneering the “yap-to-earn” meta (as Jax puts it) has the space buzzing louder than a Solana validator during peak hours. 🌊
Forget the old ways of influence
In the future, every exec needs a personal brand
Yap-to-earn is no longer the voice behind the brand
It is the brand
— Jax Dwyer (@jaxxdwyer)
5:00 PM • Dec 30, 2024
Why This Matters:
The Numbers Don’t Lie: AIXBT tops Kaito’s leaderboard with a clean 3.31% lead. (That’s not just a margin—it’s a mic drop.)
New Incentives: Expect yap-to-earn programs and fairer reward distribution. Under-the-table deals? They’re so 2022.
Seed Investor AI? The day when AIs lead seed rounds is closer than you think. 🤑
TL;DR: Whether you’re a degenerate influencer or a quiet lurker, the AI influencer economy is here to stay. Embrace the bots or get left in the (digital) dust.
VaultCraft launches V2, TVL skyrockets above $100M
VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin
Matrixport, Asia’s leading crypto providers, commits $100M+ in Bitcoin
OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards
MEME CITY 🏙️
Me listening to a couple of normal people talk about cryptocurrency
— Alan Carroll (@alancarroII)
6:46 PM • Dec 28, 2024
Ethereum 2023 Ethereum 2024
— naiive (@naiivememe)
10:25 AM • Dec 29, 2024
Until Next Time Builders! 🏗️
Keep on, keepin’ on 🫡
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