From Binance reviving tokenised stocks to AI safety alarms and job disruption warnings, this week shows tech pushing ahead as oversight tightens.
What’s up, Pasar Crew?
In Web3, familiar names are testing old boundaries again. Binance is preparing a return to tokenised equities, GameStop has shifted its entire Bitcoin stack to Coinbase Prime, and Dogecoin has gained a new ETF. At the same time, regulators are stepping back in, with the SEC dropping its case against Gemini Earn while other watchdogs hold firm on banking and compliance decisions.
AI headlines, meanwhile, are dominated by safety, scale and social impact. New research shows most AI value is still concentrated in coding, even as concerns mount over abusive content, political manipulation and teen safety. Governments and institutions are warning that AI could reshape jobs and elections faster than policy can keep up.
Get up to speed with the latest in Web3 and AI with this week’s Pasar Pulse.
Crypto and Web3
Binance Plans Return of Tokenised Stock Trading
Binance has confirmed plans to reintroduce tokenised equities as part of an effort to bridge traditional finance and crypto markets. This marks its first return since regulatory pressure forced their suspension in 2021.
Ethereum Foundation Shifts Focus to Post-Quantum Engineering
The Ethereum Foundation has formed a dedicated post-quantum team to address future cryptographic threats. The group will focus on active engineering through testnets and incentive programmes.
GameStop Transfers Entire Bitcoin Holdings to Coinbase Prime
GameStop moved its 4,710 BTC to Coinbase Prime, prompting speculation about a potential sale. If sold at current prices, the retailer would realise an estimated US$76 million loss.
Kevin O’Leary Rotates Capital into Energy Infrastructure
Investor Kevin O’Leary is reallocating capital towards energy infrastructure and copper. He argued that power generation is becoming more valuable than Bitcoin due to the demands of AI and mining, while dismissing most altcoins.
SEC Drops Civil Case Against Gemini Earn
The US SEC has dismissed its civil enforcement action against Gemini Trust relating to the Gemini Earn programme. The decision followed the platform’s full, in-kind return of crypto assets to users.
OCC Rejects Request to Pause World Liberty Bank Application
The Office of the Comptroller of the Currency rejected Senator Elizabeth Warren’s request to halt a federal trust bank application linked to World Liberty Financial. The regulator said applications must be reviewed in a timely and apolitical manner.
Former Olympian Arrested Over Crypto Drug Operation
Former Olympic snowboarder Ryan Wedding has been arrested on charges related to a cocaine trafficking operation that used crypto for money laundering. US authorities claim funds were moved across blockchains under the protection of the cartel.
21Shares Launches Dogecoin ETF
21Shares launched the TDOG ETF on Nasdaq, offering physically backed exposure to Dogecoin. While the product has the backing of the Dogecoin Foundation, broader institutional appetite for memecoin ETFs remains limited.
Artificial Intelligence (AI)
Anthropic Report Shows AI Concentrated in Coding
Anthropic’s latest analysis indicates that Claude is most commonly used for code generation and software development. While automation performs well for routine tasks, the report found that AI augmentation delivers better results.
Study Shows Grok Generated Over 3M Offensive Images
A study found that Grok generated approximately three million sexualised images over an 11-day period, including around 23,000 involving children. Many images also targeted celebrities and public figures.
Meta Restricts Teen Access to AI Characters
Meta has temporarily blocked teenagers from interacting with AI characters while it develops stronger parental controls. The move follows requests from parents for greater oversight of conversations and content.
Microsoft Adds AI Features to Paint and Notepad
Microsoft has introduced AI-generated colouring books to Paint, allowing users to create templates from text prompts. Notepad has also received streaming AI outputs for faster previews, along with improved Markdown support.
Senator Questions OpenAI on ChatGPT Ads
US Senator Ed Markey has raised concerns with OpenAI about potential advertising integration in ChatGPT, citing risks around manipulation and data privacy. OpenAI said advertising would exclude sensitive categories.
IMF Warns AI Will Disrupt Majority of Jobs
IMF managing director Kristalina Georgieva warned that AI could affect up to 60% of jobs with entry-level roles facing the greatest disruption. Experts have called for policies to ensure productivity gains are shared more evenly.
Experts Warn AI Bots Could Undermine Democracy
Researchers have warned that AI bot swarms could infiltrate communities and fabricate consensus at scale. These systems are designed to mimic human behaviour and could be used to influence public opinion during elections.
White House Shared Digitally Altered Protest Image
The White House shared a digitally altered image of activist Nekima Levy Armstrong, making her appear distressed and darkening her skin tone. The original photo showed her calm and composed in contrast to the shared image.
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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