Circle price

Wow, what a week of @circle USDC supply action! 🔹 ~250 million $USDC minted on @solana 🔹 $CRCL mCap / USDC Supply has been consistently below 1 Let’s see how y’all are doing in our USDC Supply Trading Competition 👁️ 🧵

$ETH is leading the reserve-style altcoin season, who will be next? Today, the market sentiment finally feels a bit of FOMO, and the market is currently starting to pull back. However, I still think this is just the beginning, mainly because the on-chain activity hasn't really started to recover yet 🧐 Here are a few projects that have the potential to move towards AI reserves: $WLD $TAO $NEAR. If we talk about whether there is an altcoin season recently, it probably falls into the category of "whether there are reserve companies or ETFs"... very straightforward 😂 Whether there are institutional backers, whether there are U.S. resources, and whether there are industry advantages are all elements to consider. Besides the major mainstream coins like $BTC $ETH $HYPE $SOL, I believe the next direction will expand into the AI track or public chain track. Since yesterday, more companies have started to create $DOGE reserves. I believe other altcoins are definitely not far behind, which means we need to study which altcoins will emerge from this. I will focus on researching public chains and ecosystem-level coins. 💡 $WLD: No need to say much, Sam Altman is definitely making moves here. ChatGPT has also recently launched the agent feature, combining Operator and Deep Research, two AI tools, allowing users to extend from simple chat conversations to executing complex operations. Pantera Capital published an article. Why are we investing in Worldcoin? It gives me a feeling similar to when $TON was released, plus there was a stir earlier in June when Reddit collaborated on iris scanning devices. However, Vitalik opposed the previous iris identity issue, believing that a multi-identity system is a better solution. Worldcoin's approach is undermining online anonymity. 💡 $TAO: @opentensor Bittensor has always been a highly regarded AI ecosystem in the English-speaking community. If you're interested, you can follow @0xPrismatic @Defi0xJeff. Currently, it is the second hottest AI ecosystem for me after Virtual. The variety of subnets is also becoming more diverse, with major institutional resources backed by DCG (Grayscale's parent company). Although founder Barry Silbert resigned from his board position at Grayscale at the end of 2023, the establishment of Yuma, a subsidiary focused on the Bittensor ecosystem, in November last year is also significant to me. Recently, the reserve craze has started to accumulate companies that are acquiring $TAO, which is worth noting. 💡 $NEAR: The Near ecosystem has seen a surge in discussion recently, and there are quite a few actions. Although it's hard for everyone to associate Near with AI, I previously mentioned that Near's co-founder @ilblackdragon is actually an authority in the AI field. @NEARProtocol's recent major move is the launch of the "Intents-based Launchpad." This has pushed out these projects at once, and the opportunity is here: @intellex_xyz @ConsumerFi @vibesdotfun @OpenForest_ @FractionAI_xyz @Pai3Ai. There are resource advantages, so we can pay attention to any positive news from the outside as the current ecosystem gains momentum. I saw that on July 16, Bitwise also published an article introducing Near, which is quite proactive. Now let's see if there are more positive data emerging on-chain.