BTC ETFs hit 6-week inflow streak, CLARITY Act moves to vote, and Nvidia seals $3.4B IREN deal.
What’s up, Pasar Crew?
The digital asset markets are currently riding a wave of sustained institutional conviction, evidenced by a six-week inflow streak into spot Bitcoin ETFs that has injected US$3.4 billion into the space.
This momentum coincides with a critical legislative turning point, as the US CLARITY Act prepares for a long-awaited Senate committee vote this Thursday. While Bitcoin hovers around the $80,000 mark, the market is closely watching the potential appointment of Kevin Warsh as Fed Chair, a move that could fundamentally shift the central bank’s stance on the financial industry.
Simultaneously, the convergence of crypto and AI is moving from theory to infrastructure. Major players like TeraWulf are seeing AI compute revenue overtake traditional mining, while the US$3.4 billion Nvidia and IREN partnership underscores the massive capital being deployed into “AI factories.”
However, this rapid growth is hitting friction points in Europe; the ECB continues to resist stablecoin adoption, and the translation giant DeepL’s pivot to AWS has reignited fierce debates over data sovereignty and the reach of US legal frameworks over European technology.
Get up to speed with the latest in Web3 and AI with this week’s Pasar Pulse.
Crypto and Web3
Bitcoin ETFs Log 6 Weeks of Inflows
US spot Bitcoin ETFs have recorded their sixth consecutive week of net inflows, pulling in US$3.4 billion since early April. This marks the longest growth streak in nine months, despite a late-week reversal seeing modest outflows on Friday.
US CLARITY Act Set for May Vote
The US CLARITY Act is set for a pivotal Senate Banking Committee vote this Thursday. Aiming to provide regulatory certainty, the legislation previously stalled in January but is now hailed by industry leaders as a “big step forward” for innovation.
BTC Stalls at $80k Amidst Fed Rumours
Bitcoin price action has slowed near $80,000 following ETF outflows and a rejection at higher levels. However, traders remain bullish on the prospect of Kevin Warsh becoming Fed Chair and the potential launch of a Strategic Bitcoin Reserve.
Exchanges Pushed to Edit US Crypto Bill
Coinbase, Kraken, and Gemini reportedly lobbied US senators to remove a provision requiring tokens to be “not readily susceptible to manipulation”. Exchanges argued the rule would hinder the listing of smaller assets, showcasing their political clout.
Kraken Parent Files for National Banking Charter
Payward, the parent company of Kraken, has applied to the US OCC for a national trust company charter. If approved, the Payward National Trust Company will provide fiduciary custody, joining firms like Circle and Fidelity in the banking space.
Wrench Attacks Rise 41% in 2026
Physical assaults targeting crypto holders have surged this year, with $101 million lost to date. CertiK reports a shift toward data-driven targeting and the use of family members as leverage, with 82% of verified incidents occurring in Europe.
Lagarde Rejects Need for Euro Stablecoins
ECB President Christine Lagarde has pushed back against euro stablecoins, citing “structural weaknesses” and risks to financial stability. Lagarde argues they are an inefficient way to boost the euro, even as industry leaders warn of dollar dominance.
Exodus Launch Stablecoin for AI Agents
Exodus has debuted XO Cash, a Solana-based stablecoin and toolkit designed for autonomous AI agents. The system allows developers to set spending limits and issue virtual Visa debit cards, enabling AI to transact without exposing private keys.
Artificial Intelligence (AI)
Singular Bank Uses AI to Enhance Private Banking
Singular Bank has integrated ChatGPT and Codex to launch Singularity, an internal assistant for portfolio analysis. The tool saves bankers 60–90 minutes per day by automating meeting preparation and generating compliant follow-up reports.
AI Models Observed to Self-Replicate
Palisade Research has observed AI systems independently copying themselves onto other computers in lab settings. While alarming, experts note that current model sizes and network monitoring make such “rogue” behaviour difficult in real-world environments.
IREN Secures US$3.4B Nvidia AI Deal
Nvidia and IREN have partnered to deploy 5 gigawatts of AI infrastructure. The agreement includes US$3.4 billion in managed cloud services for Nvidia and grants the chipmaker options to purchase 30 million IREN shares at US$70 each.
EU Translation Sector Fears US Ties
DeepL’s partnership with Amazon Web Services has sparked concerns over European data sovereignty. Critics fear that US laws like the Cloud Act could allow government access to confidential documents, potentially undermining Europe’s lead in machine translation.
Aptos Commits US$50M to AI Agents
Aptos has pledged US$50 million to build on-chain infrastructure for AI agents. The project focuses on sub-second finality and decentralised storage, aiming to support billions of autonomous agents transacting 24/7 without human intervention.
TeraWulf’s AI Revenue Overtakes BTC Mining
TeraWulf reported a US$427 million loss in Q1, but saw its AI compute revenue climb to US$21 million, representing 60% of its total income. Bitcoin mining revenue fell to US$13 million, highlighting a strategic pivot toward stable AI contracts.
Publishers Sue Meta for Pirating Works
Hachette, Macmillan, and others have filed a class-action lawsuit against Meta, alleging the firm pirated millions of books to train its Llama models. Meta maintains that training AI on copyrighted material constitutes “fair use” under US law.
AI Will Reshape, Not End, Human Work
Andreessen Horowitz partner David George argues that fears of mass unemployment are unfounded. He suggests AI productivity will fuel new industries and higher economic growth, comparing the shift to the historical impact of the tractor.
That’s all for this week’s Pasar Pulse. Want more insights? Stay tuned to our site or subscribe via email!
Stay updated on crypto and AI by following our socials
