TL;DR

• AI Tokens Are Mooning, and AI16Z Is Leading the Pack

• Goldman Sachs Lowers the Bar on Rate Cuts

• IRS Punts Crypto Tax Reporting to 2025

• “Ethereum News Weekly” Calls It a Day

• MicroStrategy’s Stock Suggests Bitcoin’s Price Ceiling

• Korea’s Central Bank Plays the Interest Rate Waiting Game

• Fed Leaves Rates Alone? Bet on It!

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Alpha of the Day

AI Tokens Are Mooning, and AI16Z Is Leading the Pack

The AI Agent sector is on fire, and AI16Z is the current superstar, boasting a jaw-dropping 36.1% rise in just 24 hours. It’s as if the market collectively decided AI is not just the future—it’s the now. Investors are flocking to these tokens, chasing gains like caffeine-fueled coders on a deadline. While AI16Z’s meteoric rise might make you want to FOMO in, keep in mind that the crypto market loves a plot twist. Still, with gains like these, AI tokens are becoming the life of the blockchain party, reminding everyone that the robots aren’t just coming—they’re already here, and they’re profitable.

Goldman Sachs Lowers the Bar on Rate Cuts

Goldman Sachs has decided to rain on the “big rate cut” parade, reducing their forecast to a modest 75 basis points for this year. While it’s less of a dramatic swoop and more of a cautious shuffle, the move hints that the Federal Reserve is still dancing between inflation control and economic growth. Investors might not be thrilled, but hey, less rate-cut drama could mean a more stable market. Or, as some might put it, it’s the financial equivalent of settling for a solid B+—not exciting, but not bad either.

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IRS Punts Crypto Tax Reporting to 2025

In a surprising twist, the IRS has decided to hit the snooze button on crypto tax reporting rules until the end of 2025. For CeFi users, it’s like an unexpected snow day in the middle of tax season. But don’t get too comfy—it’s more a delay than a cancellation. The crypto world is breathing a temporary sigh of relief, with plenty of time to debate what “accurate reporting” even means. Meanwhile, tax professionals are likely popping champagne, knowing they’ll get another year to figure out what to do with all those NFT receipts.

“Ethereum News Weekly” Calls It a Day

After years of serving up the latest in Ethereum drama, “Ethereum News Weekly” is shutting its virtual doors. Was it the bear market, burnout, or just the realization that ETH is now mainstream enough to be boring? Whatever the reason, fans of the newsletter are pouring one out for their favorite source of witty updates. As the crypto ecosystem grows, maybe Ethereum’s news cycle just couldn’t keep up with the high-octane world of Layer 2s, zk-rollups, and frog-themed memes.

MicroStrategy’s Stock Suggests Bitcoin’s Price Ceiling

According to 10x Research, MicroStrategy’s recent stock performance is saying what few dare to admit: investors might not be ready to back Bitcoin at an implied price of $200,000 or more. It’s like seeing a Ferrari in the showroom and realizing the monthly payments are a bit too spicy. Michael Saylor’s Bitcoin-buying spree is legendary, but even legends can hit market ceilings. While hodlers dream of six-figure BTC, this signals that the path there might be a bit steeper than anticipated.

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Korea’s Central Bank Plays the Interest Rate Waiting Game

The Bank of Korea’s governor wants you to know: flexibility is the name of the game when it comes to cutting interest rates. Translation? They’re keeping their options open, waiting for just the right moment to make a move. It’s the monetary policy version of playing hard to get. This measured approach might frustrate those looking for rapid cuts, but it’s a reminder that central banks are playing chess while the rest of us are stuck on Candy Crush.

Fed Leaves Rates Alone? Bet on It!

With an 88.8% chance of the Federal Reserve keeping interest rates steady in January, the market seems to think Jerome Powell and crew are hitting the pause button. It’s not quite as thrilling as a rate hike or cut, but sometimes no news is good news. The move suggests the Fed’s confidence in its current stance while giving investors a much-needed breather. If this were a Netflix show, this episode would be a filler—necessary for the plot but not exactly edge-of-your-seat action.

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