Good Morning ☕️

The crypto market has taken a significant hit this week, with total Crypto x AI market cap dropping below $25B and new agent creation slowing to a crawl. However, beneath the price action, we're seeing an interesting divergence - leading frameworks are experiencing record developer adoption despite token prices in the gutter.

This Week:

• AI agent sector bloodbath

• OpenAI's Deep Research launch

• Mira Network's $10M builder program

• Podcast with Grant from Blocmates

• Project Updates, Reading List & Tools

While sentiment might be down, the infrastructure for the next wave of AI innovation continues to be built. Let's dive into what matters... 👇️

Highlights

🔥 Total AI agent market cap has fallen below $7B with daily creation rates plummeting on launchpads like Virtuals, yet leading frameworks ElizaOS and ARC continue to see surging GitHub activity and developer adoption.

This growing disconnect between fundamental metrics and token performance suggests either a temporary mispricing or a broader shift in how the market values agent infrastructure.

🔥 OpenAI unveiled Deep Research, a new ChatGPT feature that autonomously conducts web-based research, delivering detailed reports with citations in under 30 minutes. The rollout is limited to Pro users but will expand to plus plans soon.

AI is shifting from instant responses to deep analytical reasoning. For investors in AI-driven crypto projects, this evolution enables better due diligence and market insights.

🔥 Mira Network announced a $10M builder grant program supporting AI startups building on Mira, featuring funding, mentorship, and distribution support. The first cohort includes ex-Google, Meta, and OctoML leaders.

Despite the rough month in the markets, there is still lots of developer activity occurring thanks to a number of hackathons and grants that are available to AI builders. The level of activity shows promise that the Crypto x AI wasn’t just a passing FAD.

Podcasts & Streams

New Outpost Episode: Separating Real Projects from Vaporware

This week, Grant from Blocmates breaks down why most AI tokens need a V2, how terrible distribution kills good projects, and what's next for DeFi AI agents. We discuss why pump.fun launches are a double-edged sword, which chains are positioned to win in AI, and why product-first beats crypto-first for mass adoption.

If you're struggling to make sense of the current market, this episode cuts through the noise.

Other Great Listens: 

🎙️ Jeffrey Emanuel: The Short Case for Nvidia Stock | The Delphi Podcast — A fascinating discussion with Pastel Network's founder on DeepSeek's efficiency breakthrough, the implications for AI infrastructure costs, and why open-source innovation could reshape the competitive landscape.

🎙️ Tariffs & Trump's Endgame: Bitcoin to $200k? | Bankless — Bitwise's Jeff Park breaks down how Trump's new tariff policies could trigger a radical shift in Treasury yields and dollar value, potentially driving Bitcoin to unprecedented heights.

🎙️ "It's not US vs China it's Closed Source vs Open Source" | TAO Talk — CH from Bitget joins 563 & Brody to discuss Bittensor's evolution, dTAO's launch sequence, and why the real battle in AI isn't between nations but between development philosophies.

Project Updates

📍 Mode Network ($MODE): Bittensor Subnet 50 (SN50) “Synth” is live, designed to incentivize price models and data for AI agents.

📍 BrahmaFi: Partnered with Morpho Labs to create the Morpho AI Agent, enabling auto-rebalancing for the highest yields across Morpho Vaults.

📍 EliteAgents ($ELITE): New AI agent marketplace by Genopets, allowing agents to integrate utilities via ElizaOS.

📍 RivensAI ($DEAI): First AI agent platform on Ethereum, accruing 100% of fees as creator revenue.

📍DolionAI ($BULLY): Integrated with Story Protocol, enabling AI agents to register IP and facilitate training data usage.

📍Arc ($ARC): Continues accelerating GitHub star growth, reaching over 2.8K stars.

📍 LoomLay AI ($LAY): launched Plugin Builder to transform the system into an extensive no-code framework for AI agents.

📍Olas ($OLAS): Modius, a DeFi AI agent powered by Olas, has launched on on Mode, autonomously managing assets with rebalancing & lending strategies. Olas also launched Pearl, the AI Agent App Store, and secured $13.8M in funding.

📍Gizatech: ARMA AI is now on Base, enabling autonomous stablecoin yield farming across DeFi protocols.

📍Aethir: Is now Creator.Bid’s cloud computing partner, powering their AI Agent Ecosystem with Premium GPU Computing.

📍AcolytAI ($ACOLYT): Oracle API waitlist opens, allowing real-time AI agent market data feeds.

📍Alchemist AI ($ALCH): ALCH-A-THON announced with $10K+ in prizes for AI developers building decentralized AI applications.

📍Hyperbolic: Is now powering Soleng, a Web3 engineering AI agent, to automate developer relations and Web3 support.

📍Cookie DAO ($COOKIE): Launched Agent Cookie, along with a swarm of 5 other specialised agents, providing onchain and social data via API.

📍Holoworld AI ($HOLO): AI-powered Pudgy Penguins avatars now live in their agent studio V1.

📍Grass ($GRASS): Announced the roll out of phase 2 of their Sion upgrade, boosting network throughput by 10x.

Reading List

🔗 Crypto x AI's 4 Horsemen by YB (Terminally Onchain): A comprehensive breakdown of four key areas in crypto x AI - technical fundamentals, open source AI research, decentralized AI efforts, and open source history - offering a framework for understanding the intersection of these technologies.

🔗 The blocmates 2025 Thesis by Grant: An extensive analysis of 2025 crypto trends, with particular focus on AI integrations, featuring detailed predictions about DeAI platforms, wallet evolution, and the future of DeFi.

🔗 Practical Guide to dTAO by Ken Jon: A detailed explainer of Bittensor's dTAO upgrade, explaining how subnet tokenization affects miners, validators, stakers, and subnet owners in the AI network.

🔗 On DeepSeek and Export Controls by Dario Amodei: A critical analysis of DeepSeek's recent achievements in AI and their implications for US export controls on chips to China, examining the dynamics of AI development and cost efficiency.

Tools

Finding alpha in the current fast-paced AI meta requires the right tools. Here are some of the platforms we're using daily:

🛠️ AI Agent Toolkit: Comprehensive directory of AI agent resources, from frameworks and launchpads to tutorials and infrastructure

🛠️ Cookie.fun: Track agent metrics, market caps, and mindshare in real-time

🛠️ Kaito.ai: Using for mindshare and smart followers tracking on X. Kaito is conducting an airdrop using “Yaps” points from activity on X, connect your X account to participate here.

🛠️ Taostats.io: New analytics dashboard for monitoring Bittensor network activity and performance

🛠️ The Veldt: An AI copilot tailored to help you find alpha in the crypto trenches. We’re a big fan of the AI feed!

Feedback

We listen and improve. Have more feedback? Reply to this email!