Cointelegraph moderated an AI funding panel at the Web Summit conference in Vancouver, Canada. The convergence between blockchain technology and artificial intelligence is intensifying, with key industry figures like Ben Goertzel convinced that AI should be decentralized. This convergence was even highlighted by the World Economic Forum, which argued in 2024 that “Synergies between spatial computing, blockchain and AI will augment our experiences and increasingly guide our interactions with the digital world.” Prominent crypto venture capitalist Marc Andreessen believes control over AI is a top strategic priority for China and the United States, as the two nations enter a “Cold War-style” race for technological dominance. Read more
The SEC likely views cryptocurrencies Litecoin, Solana, XRP, Dogecoin, Cardano and others as “commodities.” The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart. In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC. The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (LTC), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) as commodities — a designation that would place them outside of its immediate jurisdiction. Read more
The latest reported “wrench attack,” in which criminals targeted individuals for their crypto holdings, occurred in the suburbs of Paris this week. France has reportedly seen another incident targeting cryptocurrency users, this time involving the kidnapping of a 23-year-old man in a Paris suburb. According to a Thursday report from French news outlet Le Parisien, the victim was abducted in Maisons-Alfort and held captive for several hours while the perpetrators demanded his partner to turn over 5,000 euros ($5,764) in cash, along with the key to a Ledger hardware wallet containing an unreported amount of crypto. The report suggested that the criminals used violence to extract information regarding his digital assets. Read more
The commission evaluated more than 10 blockchains, including Ethereum, Avalanche, Sui, Stellar and Polygon. The Wyoming Stable Token Commission has shortlisted Aptos and Sei for its stablecoin pilot program, giving Aptos the highest score among the more than 10 blockchains considered for its forthcoming WYST project. Aptos disclosed Friday that it received the highest marks based on the commission’s network testing, scoring 32 points. Solana received an identical score of 32 points, though it was not selected for the pilot phase. Sei, meanwhile, scored 30 points, ahead of Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others. Read more
Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s path. Will traders buy the dips? Key points: Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move. Several major altcoins are showing weakness, suggesting that a wider trend reversal could be at play. Read more
Coinbase joins other exchanges such as OKX and Bybit that have secured MiCA licenses in a bid to take advantage of regulatory clarity in Europe. Coinbase has secured a Markets in Crypto-Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier, which enables the exchange to offer crypto products across European Union countries. The move signals mounting competition in the European crypto market, where other exchanges have also been pursuing registrations. OKX and Crypto.com secured MiCA licenses in January, followed by Bybit in May. Gemini is also on track to obtain a license in the region, according to a Reuters report. Coinbase has named Luxembourg as its new European headquarters, citing the country’s reputation as a progressive financial center in Western Europe. Bordered by Belgium, France and Germany, the country has been gradually advancing crypto regulations since 2019. Read more
Over 28% of Ether’s supply is now locked, signaling tightening liquidity conditions, as more Nasdaq-listed companies establish corporate crypto reserves. Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income. A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices. Meanwhile, publicly-traded companies continue establishing corporate cryptocurrency reserves, signaling increased institutional adoption of digital assets beyond Bitcoin (BTC). Read more