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The crypto AI sector is cooling down. After dropping 2.56% yesterday, the combined market cap continues sliding into a second consecutive day of losses as attention shifts toward the upcoming Fed Chair announcement on prediction markets.
Meanwhile, project developments are unfolding across the ecosystem. One platform recently halted its rewards initiative after losing API access through content moderation changes. The move signals how external platform policies can directly impact crypto project operations.
On-chain activity tells another story though. WIRE token holders are stacking positions aggressively—over 250 wallets have now accumulated 717,000 tokens, signaling sustained demand despite broader market headwinds. This kind of consolidation often precedes volatility, worth keeping tabs on.