TLDR CRYPTO 2025-02-07

CZECH PRESIDENT SIGNS LAW EXEMPTING CAPITAL GAINS TAXES ON CRYPTO HELD FOR THREE YEARS

The Czech Republic has exempted crypto holdings from capital gains if held for more than 3 years, with retroactive application to assets purchased before 2025. The tax reform aligns with the European Union's Markets in Crypto Assets (MiCA) framework, which has generally been seen as controversial, though the country has been routinely introducing crypto-friendly initiatives. The National Bank previously proposed to allocate 5% of its €140 billion reserves to Bitcoin.

LAW FIRM DEMANDS PUMP.FUN REMOVE OVER 200 MEMECOINS USING ITS IP

Pump.fun, a Solana-based meme coin platform, has been served a cease and desist letter by Burwick Law and Wolf Popper LLP for allegedly facilitating the creation of over 200 tokens that infringe upon their intellectual property. The law firms demand the immediate removal of these unauthorized tokens, citing concerns over investor deception and market manipulation

INTRODUCING AGENT WALLETS

Crossmint has introduced Agent Wallets, a non-custodial wallet solution designed for AI agent providers and launchpads that enables autonomous on-chain interactions while ensuring regulatory compliance. Each wallet uses two separate keys, one for the owner and one for the agent, secured through trusted execution environments (TEEs), removing custody risks for providers.

ONDO FINANCE ANNOUNCES ONDO CHAIN

Ondo Chain is a new L1 blockchain designed to support institutional real-world asset (RWA) tokenization that bridges the gap between TradFi and DeFi. The chain addresses DeFi incompatibility, cross-chain liquidity fragmentation, high transaction fees, and institutional regulatory concerns. Ultimately, the Ondo Finance team hopes to enable seamless cross-chain asset issuance, institutional participation, and scalable financial applications.

THE AGENTIC ECONOMY: WEB2 & WEB3 AI AGENT TRENDS

DEFAI: ACHIEVING THE EFFICIENCY FRONTIER

DeFAI is an elegant abstraction of complex crypto topics and portfolio optimization behind natural language intents. The DeFAI stack consists of three layers - Abstraction, Reasoning, and Execution - with reasoning becoming the key differentiator through proprietary data, broader tooling, and quality prompt engineering. The execution layer is expected to become commoditized, and value will move to protocols that integrate AI as opposed to the agents themselves.

OUR SOLANA PRICE TARGET BY THE END OF 2025 IS $520

VanEck predicts Solana (SOL) will hit $520 by the end of 2025, based on its projected market share growth within the smart contract platform (SCP) market. Its analysis ties SCP market cap growth to U.S. M2 money supply trends, forecasting a 43% increase to $1.1T, with Solana's share rising to 22%, leading to a ~$250B valuation.

DIFFICULTIES AROUND BASE SUCCESS

Base seems to be having issues with declining Virtuals revenue, a lack of Coinbase support for key projects, and teams migrating to other chains like Solana because of better UX and more liquidity. While Base has the potential to onboard millions, its marketing strategy (not degen enough) and engagement with the crypto community may hinder its ability to compete effectively with Solana.

UNISWAP V4 VS. UNISWAP V3 GAS

Uniswap v4 pools on Ethereum mainnet are significantly more gas efficient.

COINBASE LISTS MEMECON FUTURES

Coinbase International Exchange has announced the listing of perpetual futures contracts for Pudgy Penguins (PENGU), Popcat (POPCAT), and Helium (HNT).

BERACHAIN L1 CONTROVERSY

Berachain is another VC-driven L1 fork with excessive insider allocations, perpetual inflation via BGT conversions, and unsustainable tokenomics that could lead to long-term decline.

KITE AI TO LAUNCH THE FIRST AVALANCHE L1 ARTIFICIAL INTELLIGENCE PLATFORM

Kite AI is launching the first AI-focused L1 on Avalanche, using its scalable infrastructure to support decentralized AI development through its Proof of Attributed Intelligence (PoAI) consensus mechanism.