AI News: Bittensor Takes a Backseat as Story Protocol Gains Attention

AI Sector Performance: The AI sector remained flat over the past week, maintaining a market capitalization of $34 billion, with notable gains from Story (IP), NEAR Protocol, and DeXe, while many small-cap tokens suffered significant losses.

Market Sentiment: Following a major liquidation event, the crypto market is experiencing fear, as indicated by the CMC Crypto Fear and Greed Index slipping back to neutral, despite the average RSI suggesting many assets are oversold.

Key Developments: Positive advancements in the AI space include Google launching its open-source Agent Payments Protocol (AP2), Griffin AI introducing a new transaction execution agent, and Fetch.ai partnering with Build Vertical to enhance AI agent integration with Web3 services.

Overall Market Trends: The AI subsector faced challenges, with less than 20% of AI agent tokens showing positive performance, and a 9% decline in the weighted average market capitalization of AI-related assets, primarily due to weaknesses in large-cap tokens.