Biteye AI Daily Report September 1

Today's zone market capitalization: $12.76B -2.25% Although market sentiment has fluctuated greatly and weekend prices have declined; the on-chain AI ecosystem construction continues steadily, preparing for long-termism. 24h Coingecko Trading Volume Top 10: Token Trading Volume Market Capitalization Price Volatility 1- $IP $292.7M $2.4B $7.98 +1.4% 2- $VIRTUAL $54.0M $722.8M $1.10 -5.0% 3- $PROMPT $43.2M $39.6M $0.18 -3.9% 4- $TAO $41.8M $3.0B $314.15 -3.3% 5- $KAITO $30.6M $251.6M $1.04 -4.3% 6- $AI16Z $26.9M $107.3M $0.10 -7.3% 7- $FLOCK $24.0M $56.3M $0.25 -5.6% 8- $SHELL $15.9M $31.7M $0.12 -4.8% 9- $SAHARA $14.5M $190.3M $0.09 -1.4% 10- $AIXBT $12.8M $98.8M $0.10 -5.9%

Key Information

1. Replicats @Replicatsai joins the Circle Alliance Program

• The Circle Alliance Program is initiated by Circle, aiming to build a collaborative network that supports members in utilizing Circle's financial infrastructure for development, while receiving exclusive technical support, communication, and collaboration.
• Replicats @Replicatsai is an automatic investment management AI Agent platform under the @virtuals_io ecosystem, and has launched its first AI smart wealth companion Replicat-ONE, which enables personalized investment management and is open to whitelisted users.
• In this collaboration, Circle will provide Replicats with USDC infrastructure, including 24/7 real-time settlement, deep liquidity pools, and compliance support, which will significantly enhance Replicats' operational efficiency and global accessibility, and prepare for institutional and enterprise-level adoption. For Circle, this is also an important step in promoting the application of USDC in the AI wealth management sector and expanding ecological influence.

Comment: There are currently not many reports about the Circle Alliance program, and as an early participant, Replicats will undoubtedly receive more official resources and support. However, there are quite a few AI automated treasury management projects based on USDC at the moment. Whether Replicats can stand out with official endorsement still requires ongoing observation.

2. AI video proprietary chain Everlyn @Everlyn_ai announced it has secured $15 million in financing.

• Everlyn @Everlyn_ai is committed to "democratizing AI video generation" and has developed a Layer 1 network called Lyn specifically designed for video AI, supported by its self-developed autoregressive foundational video model Everlyn-1. Users can automatically generate videos, images, and convert images to videos through text descriptions.
• Official data shows that Everlyn's video generation speed is extremely fast, averaging only 15 seconds, which is much quicker than the industry average (usually takes 5-10 minutes), with a generation cost as low as 0.2 dollars per segment, also far below the industry standard (about 1 dollar/video).
• This round of financing was backed by the founding team of Sui @Mysten_Labs, with other investors including UAE's Baseline, @SeliniCapital, @NesaOrg, @AethirCloud, @ionet, and others.

Comment: With the recent explosive popularity of Nano Banana, the future of AI videos is becoming increasingly clear. Everlyn's advantages in speed and cost are very evident, and it is worth keeping an eye on its subsequent performance.

3. $Q Quack AI @QuackAI_AI will launch its TGE on Binance Alpha tomorrow.

• Quack AI @QuackAI_AI has raised 3.6 million USD, dedicated to building on-chain AI governance infrastructure to support autonomous on-chain decision-making for protocols, DAOs, and AI Agents.
• The $Q token will be listed on Binance Alpha trading at 15:00 on September 2nd, Beijing time, and Binance futures trading will be opened at 15:30.
• Eligible Binance users can claim airdrops for free using Binance Alpha Points after the trading begins.

Comment: Quack AI bets on the on-chain communication and collaboration between AI Agents, and whether the allure of single-letter tokens can continue is worth observing.

Data source: @xhunt_ai, Cookie DAO, Coingecko

Risk warning: The above is for information sharing only and is not investment advice.