Market Metrics

Total Crypto Market Cap: down 4.6% to $2.24T
Total AI Sector Market Cap: down 10.1% to $18.45B

Top Movers (24hrs):

📈 Ispolink (ISPO): up 14.7% to $0.002696
📈 Covalent (CQT): up 13.2% to $0.1857
📈 Commune AI (COMAI): up 10.2% to $0.8463

Daily News

🟠 Earn up to 520% APY on OLAS in @Valoryag’s “Coastal Expedition” program which aims to bootstrap OLAS staking.

🟠 Synesis One announces more train-to-earn campaigns are available, allowing anyone to answer questions to be used in AI training datasets.

🟠 Bittensor’s 10th largest root validator, which holds 122k TAO (worth ~$43 million), has redistributed its weights over more subnets after 2 months of no changes. Now Subnet 8, 4 and 9 receive the majority of this validator’s weighting.

🟠 AlphaScan AI showcases it’s narrative mentions dashboard, which shows the mentions online for crypto-related narratives such as layer 1s, memes, AI and more.

Project Spotlight: 0x0.ai

0x0 is an Ethereum-based platform that is building out a suite of AI-powered smart contract tools that aim to solve many of the industry’s issues around smart contract security and audits, as well as enabling private transactions on top of Ethereum. The project claims to be “privacy-centric”, prioritizing user confidentiality and privacy protection

0×0 currently offers an AI-powered smart contract auditor, privacy mixer, DEX aggregator, Anti-Rug AI, and AI Developer Hub.

Key features:

• AI-powered smart contract auditor: a highly scalable smart contract auditing tool that leverages advanced algorithms and machine learning to identify contract vulnerabilities and (hopefully) prevent hacks.

• Privacy mixer: similar to other coin mixers, like Tornado Cash, this enables the anonymization of funds.

• DEX: enables secure and private cryptocurrency trading across multiple decentralized exchanges from a single platform.

• Anti-Rug AI: protects DeFi users from scams by detecting and frontrunning suspicious transactions, safeguarding users transacting onchain.

• AI Developer hub: empowers users to create secure, custom smart contracts without coding skills, democratizing blockchain development.

This suite of tools aims to revolutionize the privacy and security of smart contract interactions on Ethereum, addressing the critical need for more robust and scalable auditing processes to create a safer environment for users onchain.

0×0 Token

Token transfers incur a 5% tax, which goes to the following:

• Platform development

• Marketing

• Team incentives (salary and bonuses)

• Buyback and burns

• Liquidity provision

The 0x0 token facilitates access to the projects suit of tools and services, and offers utility through ETH dividend distribution from fees generated by the privacy mixer and DEX aggregator, creating a passive income stream for users. Whether or not this becomes substantial enough to drive significant value to the token is yet to be seen as currently the products are still in beta stage and are not seeing meaningful adoption.

Meme of the Day

The devs need to lock in, take their morning supplements (👇), and fix these prices.

Exclusive Report: Top 5 AI Cryptocurrencies to Watch 2024

🌵 Access the report here! 🌵