Why AI Agents Matter
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- 🌪️ Roman Storm Seeks to Get Charges Dropped. The Tornado Cash developer moved to dismiss the trial after OFAC was already ruled to have overstepped in sanctioning the protocol.
- 🙅♂️ Aptos Labs CEO Mo Shaikh Abruptly Quits. The blockchain founder announced his surprise departure via X, but there were plenty of unanswered questions about the circumstances of his resignation.
- 🥷 Crypto Hackers Stole $2.2B in 2024. Chainalysis just released its data for 2024 hacks, and DMM Bitcoin and WazirX were the biggest of the year.
📸 Daily Market Snapshot: The crypto market's euphoria has taken a hefty haircut over the past two days, with BTC falling as low as $92K and ETH taking a grim dive as low as $3,100. It's certainly not just the majors either, plenty of memes are taking 40% week-over-week haircuts. What's the cause of all of this? It seems to be skittishness over The Fed as it signals a more conservative rate-cutting schedule for 2025.
| Prices as of 12pm ET | 24hr | 7d |
|
Crypto $3.33T | ↘ 4.1% | ↘ 8.0% |
|
BTC $97,198 | ↘ 2.3% | ↘ 4.0% |
|
ETH $3,425 | ↘ 3.5% | ↘ 12.5% |
Everyone is talking about AI agents and how they’re set to change the look and feel of crypto forever. A lot of this talk sounds like the usual bull market hype — designed more to pump bags than to predict the future. And, to be fair, much of it probably is. But beyond the noise, something real is taking shape.
Some of you might say, haven’t we already had AI agents? Well, yes and no. AI agents have been around in some form, but they’ve mostly operated as bots scattered across DeFi: MEV bots, Telegram bots, gaming bots, and the like.
Bots are essentially automation. You write a script with specific parameters, and the bot executes functions based on those parameters when certain conditions are met. They’re primarily about automating repetitive tasks. However, bots are limited to the rules and parameters set by their creators.
Agents, on the other hand, are different. They leverage large language models (LLMs) and possess a higher level of intelligence. They can understand context, learn from data and interactions over time, evolve, adapt, and carry out tasks autonomously. It’s automation with autonomy — almost like a glimpse of sentience.
Let's dig in further to where AI Agents are making a difference 👇
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2024 was a year for the books, but how did you spend your year onchain? Bankless has built a tool to help you get your own free onchain summary of activity, top used chains, personal token ratings, an exclusive Bankless Score, and more!
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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