AI News: AI Tokens Slide With Macro Shock, but Agents Keep Shipping

Market Overview - Bitcoin (BTC) reached its lowest price since November 2024, while the U.S. dollar index (DXY) broke out from its downtrend [1] - The CMC Crypto Fear and Greed Index fell to 15, indicating Extreme Fear, close to the lowest value since tracking began in June 2023 [1] - Altcoins experienced significant losses, with many reaching lows over short- and medium-term timeframes [1] AI Sector Performance - The AI sector faced one of its worst seven-day declines, erasing $2.7 billion from its market capitalization [2] - The sector is down 14.8% week-over-week (WoW) and 14.5% month-over-month (MoM) [2] - Most top AI tokens suffered major losses, including all of the top 10 and 80% of the top 100 by market cap [5] - The token "Story (IP)" was particularly affected, losing 36.1% WoW [5] Notable Tokens and Developments - Despite the downturn, a few AI tokens showed resilience and recorded impressive gains [5] - The AI sector was ranked middle-of-the-pack in terms of decline in fully diluted market capitalization (FDMC) [6] - Recent developments include the launch of ERC-8004 on Ethereum Mainnet, introducing a new standard for "trustless agents" aimed at enabling autonomous services to transact without centralized gatekeepers [7]