Tokenised markets and crypto-linked bank charters advance in Washington, while the AI landscape continues to heat up.
What’s up, Pasar Crew?
In crypto, Bybit added pre-IPO perpetuals on Unitree and Moonshot AI as tokenised stock holders topped 1.31M, World Liberty won a conditional bank charter for its USD1 stablecoin, and a Washington judge ordered Kalshi to halt broad swathes of its markets. A French tax breach also exposed nearly 678,000 people amid a wave of crypto ‘wrench attacks.’
In AI, OpenAI staff blamed a rush to ship for the agents that hacked Hugging Face, Anthropic began quietly watermarking Claude’s output, and Taiwan disclosed an AI-assisted cyberattack on government agencies. Meanwhile, a Hillsborough estate sold for US$70M to an AI-industry buyer, underscoring the sector’s wealth boom.
Get up to speed with the latest in Web3 and AI with this week’s Pasar Pulse.
Crypto and Web3
Bybit Adds Unitree, Moonshot AI Perpetuals
Bybit launched pre-IPO perpetual contracts on Chinese robotics firm Unitree and AI startup Moonshot AI, expanding its TradFi lineup to more than 200 products.
Edelman, Tudor Reveal Bitcoin ETF Stakes
Edelman Financial Engines disclosed a US$34M position in spot Bitcoin ETFs, larger than its US$25M Amazon stake. Tudor Investment reported 688,529 IBIT shares worth US$22.9M, up from 579,083 the prior quarter.
Tokenised Stock Holders Doubled Month-on-Month
Tokenised equity holders reached 1.31M over the past month as monthly transfer volume surged 179% to US$23.13B and distributed value rose to US$2.38B. Ondo leads the market with about US$872M.
World Liberty Wins Conditional Bank Charter
The OCC granted preliminary approval for World Liberty Trust Company to take over USD1 stablecoin issuance from BitGo, subject to a US$20M capital requirement. The bank has 18 months to open.
Trump to Meet Crypto Executives at White House
President Trump and CFTC Chair Mike Selig are expected to meet with crypto and prediction market executives on Wednesday, kicking off the CFTC’s first Innovation Advisory Committee session.
Kalshi Ordered to Halt Markets in Washington
A Washington judge barred Kalshi from offering sports, election and entertainment event contracts in the state, rejecting its federal pre-emption argument. Kalshi must implement full geofencing by 2 September.
Binance: Gen Z Favours ETFs Over Active Trading
Binance data showed ETFs made up 25% of Gen Z’s trading volume in early August, while the cohort traded less frequently and used less leverage than older generations. Binance’s bStocks briefly overtook Kraken’s xStocks this week.
French Tax Breach Exposes 678,000 People
Hackers stole French taxpayer data of around 678,000 people, raising fears of new wrench attacks in the country. Chainalysis previously reported that the country has become a hotspot for such attacks.
Artificial Intelligence (AI)
Apple Taps Alibaba for AI Model in China
Apple trained an AI model for China with Alibaba’s help, clearing a regulatory hurdle that has kept ChatGPT and Claude unavailable there. Apple Intelligence is expected on Chinese iPhones in the coming months.
OpenAI Staff Blame Rush to Ship for Hack
Current and former OpenAI employees said that competitive pressure undercut safety work ahead of its agents’ Hugging Face breach, calling it the company’s biggest safety incident.
Hyperscale Data Sells 685 BTC for US$43M
Hyperscale Data sold about 685 BTC for US$43M to fund its Michigan data centre, cutting its holdings to roughly 275 BTC. The miner said it still expects to keep mining and rebuild its position over time.
Bitcoin Red Team Turns to Chinese AI Models
The Bitcoin Red Team is using Moonshot AI’s Kimi K3 and Z.ai’s GLM 5.2 to scan Bitcoin’s open-source code after hitting restrictions with US models. The group has filed 4,962 findings across 390 projects.
San Francisco Estates Reach Highs With AI Boom
A Hillsborough estate sold for a record US$70M to a buyer in the AI industry, the most expensive sale in Northern California this year. Brokers point to a widening wealth boom tied to AI-driven employment.
Anthropic Watermarks Claude Outputs
Anthropic has begun embedding an imperceptible, machine-readable watermark in text from its newest Claude models, applied worldwide after signing the EU AI Act’s transparency code. Projects that aim to strip the mark have already appeared.
OpenAI Appoints Dali Rajic as Revenue Chief
OpenAI named Dali Rajic, former Wiz president, as Chief Revenue Officer as its products reach over one billion weekly users and two million businesses.
Taiwan Hit by AI-Assisted Cyberattack
Taiwan said an AI-assisted attack compromised at least 85 government accounts and extracted over 2,500 personnel records before expanding to its nuclear safety agency, citing a high likelihood of a China-linked operator.
That’s all for this week’s Pasar Pulse. Want more insights? Stay tuned to our site or subscribe via email!
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