Crypto shows signs of capitulation amid regulatory pressure, while AI expands rapidly, bringing real-world impact and growing trust concerns.
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In crypto, market sentiment is showing signs of capitulation, with Bitcoin’s profit-to-loss ratio hitting levels historically tied to cycle bottoms. At the same time, regulatory pressure is tightening, from stablecoin delistings to warnings over prediction market bans, while political scrutiny around memecoins continues to grow.
Yet pockets of strength remain. Solana is bucking the broader trend with rising activity and tokenised asset flows, while protocol development continues with upgrades like Zcash’s upcoming Ironwood testnet. Institutional voices and long-term holders are holding firm, even as volatility and uncertainty persist across the market.
In AI, rapid adoption is being matched by rising risks and deeper integration into society. From nearly $900 million lost to AI-powered scams to concerns over biased or sanitised outputs, trust in AI systems is being tested. At the same time, major initiatives in healthcare, robotics, and public-private partnerships signal that investment and ambition remain high.
Get up to speed with the latest in Web3 and AI with this week’s Pasar Pulse.
Crypto and Web3
Bitcoin P&L Ratio Hits 43-Month Low
CryptoQuant data shows Bitcoin’s realised profit and loss ratio fell to -0.35, signalling extreme market-wide losses. Historically, this precise level has marked major BTC price bottoms.
US Senator Pushes for Memecoin Launch Ban
US senator Kirsten Gillibrand is calling for a ban on politicians and their spouses launching or promoting memecoins, after President Trump’s financial disclosure revealed he made over $635 million from his own Solana-based meme token.
ESMA Warns on Retail Contract Ban
The EU regulator warned that many prediction market event contracts with binary outcomes may face a retail ban under existing 2018 binary options rules, and rebranding said derivatives does not exempt them from compliance.
Zcash Ironwood Testnet Activation Nears
Developers confirm the Ironwood upgrade is moving closer to testnet deployment. The protocol update introduced a new shielded pool and accounting system to verify circulating supply without compromising privacy.
SOL Tops $83 as Solana Network Activity Surges
Solana’s SOL token hit a 30-day high of $83, decoupling from a down altcoin market. The rally is driven by cumulative tokenised stock transfers passing $10 billion and a revival in memecoin trading volumes.
Revolut to Delist USDT Stablecoin
Revolut notified users it will delist USDT by 31 August due to regulatory and risk concerns. Trading stops on 6 July, and any remaining balances will automatically convert to users’ base currencies after the deadline.
MCSA Stance Shifted on CLARITY Act
The Major County Sheriffs of America has moved its position to neutral regarding the CLARITY Act. This change came after law enforcement concerns over crypto-related illicit finance investigations were recently addressed.
Tim Draper Denies Moving Bitcoin Assets
Billionaire investor Tim Draper denied transferring 1,000 BTC to Coinbase Prime after analytics firms linked him to the wallet. Draper stated he hasn’t touched his funds and reiterated his prediction that Bitcoin will hit $250,000.
Artificial Intelligence (AI)
AI Scams Drain US$893M From Bank Accounts
A new Malwarebytes report reveals Americans lost over $893 million to AI-powered scams in a single year, highlighting how automated fraud can rapidly empty the accounts of victims.
OpenAI Proposes US Government Equity Stake
OpenAI CEO Sam Altman suggested a 5% equity stake to the US government amidst intensifying AI oversight. The move is seemingly inspired by Alaska’s Permanent Fund to share the economic benefits of AI with the American public.
Meta’s AI Agent Growth Slower Than Expected
Mark Zuckerberg revealed that Meta’s AI agent development has lagged behind expectations. Despite the slower trajectory, the company has expanded its Meta Business Agent globally across Instagram, Messenger, and WhatsApp.
OpenAI Failed to Visit Key UK Infrastructure Site
Plans for a multibillion-pound datacentre in the UK have been put on hold. Despite government hype about significant AI investment, OpenAI has not met with local authorities, raising questions about the legitimacy of the partnership.
Takeda and Insilico Sign $600M AI Deal
Takeda has partnered with Insilico Medicine to use AI for early-stage drug discovery. The deal, which grants Takeda global rights to discovered molecules, includes potential milestones reaching up to $600 million.
Bands Urge PM to Protect Music From AI
Top Australian musicians are calling on PM Anthony Albanese to reject tech company proposals that would weaken copyright laws for AI training. Bands argue that scraping their work without consent would destroy the industry.
Tripadvisor’s AI Summaries Sanitises Reviews
Tripadvisor’s AI reviews have been found to downplay major issues such as food poisoning and harassment in hotels listed on its site. The company said it is refining the tool but claims it helps users understand the breadth of feedback.
Japan Looks to AI Robots for Worker Shortage
Japan formally commissioned a project to deploy 10 million AI-powered robots by 2040. The initiative targets severe worker shortages in sectors like healthcare, food manufacturing, and restaurants.
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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