TFIN DAO | Web3

ERC 8004 is a new Ethereum standard that gives AI agents a persistent on chain identity and reputation, using three registries for identity, reputation and validation so that agents can prove who they are and how they have behaved across apps and networks. Instead of leaving this data inside closed platforms, ERC 8004 keeps it on a neutral blockchain where any framework can read it, which supporters see as the basis for an open agent economy. The standard is already being implemented on networks like Polygon and combined with payment rails such as Coinbase’s x402 so agents can both transact and be held accountable on chain, with tools like 8004scan tracking thousands of registered agents. Analysts say this positions Ethereum and its companion networks as a trust layer for autonomous software, even though ETH’s price has not reacted strongly and still trades around three thousand dollars.

Silver perpetual futures on Hyperliquid are now trading close to 1 billion dollars in daily volume at around 110 dollars per unit, putting the SILVER USDC contract behind only bitcoin and ether pairs on the platform and ahead of big altcoin markets like solana and XRP, with slightly negative funding that signals two way positioning rather than a one sided squeeze. Bitcoin, meanwhile, is stuck in a tight range near 88,000 dollars, with weak ETF flows and options markets showing more interest in downside protection than aggressive upside bets. The shift reflects a broader move into hard assets as gold and silver rip to new highs, and shows how crypto native venues are turning into multi asset derivatives hubs where traders increasingly use on chain infrastructure to express macro views on metals while BTC trades in a defensive equilibrium.

Gold is trading just below 5,000 dollars an ounce and silver is closing in on 100 dollars after a powerful rally driven by geopolitical tension, inflation worries and fading confidence in major fiat currencies, with central banks and investors steadily adding to their holdings while banks now see a path for gold to potentially move beyond 6,000 dollars later in 2026. Silver has moved even faster thanks to heavy industrial demand from solar panels, electric vehicles and electronics on top of safe haven flows, which helps explain why it has more than doubled from 2025 levels. The surge in both metals contrasts with bitcoin, which is still stuck well below its peak and trading mostly sideways, leading some macro investors to question its “digital gold” role in this cycle. Analysts warn that sharp pullbacks are still possible after such big moves, but expect most dips to be treated as new entry points rather than the end of the broader metals bull run.

JPMorgan says Ethereum’s recent Fusaka upgrade, which raised blob data capacity, cut fees and briefly boosted transactions and active addresses, is a meaningful technical improvement but likely a short lived bump rather than the start of a structural revival, as more activity and revenue continue to migrate to layer 2s like Base, Arbitrum and Optimism, rival chains such as Solana, and app specific networks from projects like Uniswap and dYdX, all of which dilute mainnet fee burning, increase ETH net supply and keep total value locked under pressure in ETH terms.

Bitcoin rebounded toward 90,000 dollars after a sharp drop earlier in the week that triggered about 1.8 billion dollars in mostly long liquidations and roughly 766 million dollars of outflows from spot crypto ETFs, including 483 million dollars from bitcoin products alone. The recovery came as stress in Japanese bond markets eased and traders shifted focus to President Trump’s upcoming Davos speech, which could influence risk sentiment after recent tariff and geopolitical worries. Ether, Solana, Cardano and XRP also stabilized with modest gains, while gold and silver held near record highs, underscoring that investors still favor traditional havens and that bitcoin is trading more like a high beta risk asset than a safe haven as markets wait for Trump’s comments and the next macro signal.

Tokenized gold products such as PAXG and XAUT generated around 178 billion dollars of trading volume in 2025, surpassing every major gold ETF except the largest while the value of gold-backed tokens climbed above 5.5 billion dollars as bullion itself surged toward 5,000 dollars per ounce after a gain of about 90 percent in a year and roughly 22 percent in January alone. These tokens represent claims on vaulted physical bars but can be split into tiny units, moved between wallets in minutes and used as collateral in DeFi, which gives gold the familiar safe haven profile with much more flexibility than traditional ETFs. Their rapid growth is turning tokenized bullion into one of the clearest real world asset success stories on chain and suggests that a meaningful slice of metals trading is starting to migrate to blockchain infrastructure rather than staying only in legacy markets.