Bitcoin ETFs face record outflows, AI leaders push global safety talks, and Apple teams with Google to supercharge Siri.
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Crypto markets and AI innovation both took sharp turns this week. Bitcoin ETFs saw record outflows even as BTC held steady near the US$100,000 mark, while Ethereum faltered below US$3,400 amid investor caution and broader economic uncertainty.
In regulatory and policy circles, a US court declared a mistrial in the US$25 million Ethereum ‘sandwich bot’ case, raising deeper questions about how traditional law applies to decentralised finance. Meanwhile, Pakistan explored a rupee-backed stablecoin, and Italian banks urged a phased rollout for the digital euro to ease cost burdens.
AI governance and safety continued to dominate global discussions. At the UN, world leaders convened to address rising risks from agentic AI systems, while OpenAI rolled out its Teen Safety Blueprint to guide responsible development. Big Tech also made notable moves: Apple is enhancing Siri with Google’s Gemini model, Microsoft is pursuing “humanist superintelligence”, and Amazon launched a translation tool for Kindle authors to reach new audiences.
Get up to speed with the latest in Web3 and AI with this week’s Pasar Pulse.
Crypto and Web3
US Spot Bitcoin ETFs Record Heavy Outflows
US spot Bitcoin ETFs registered US$558.4 million in net outflows on Friday, marking the largest single-day loss since 1 August, as Bitcoin’s price stabilised around US$100,000. Meanwhile, spot Solana ETFs maintained a nine-day inflow streak, attracting US$12.7 million.
Mistrial in US$25 Million Ethereum ‘Sandwich Bot’ Case
A Manhattan court has declared a mistrial in United States v. Peraire-Bueno, a case centred on a US$25 million Ethereum sandwich attack exploit. The trial focused on whether using public blockchain code to extract MEV constitutes wire fraud or money laundering.
CZ ‘Surprised’ by Pardon, Denies Business Ties with Trump
CZ said he was surprised by the presidential pardon he received while denying any business links to the Trump family or World Liberty Finance. He confirmed meeting Eric Trump once at a conference but said he had never met or spoken with Donald Trump.
Ethereum Slips Below US$3,400 Amidst ETF Outflows
ETH struggled to hold above the US$3,400 level amid weak demand for spot Ethereum ETFs and ongoing macroeconomic pressures, including the longest-ever US government shutdown. Total Value Locked (TVL) on the network dropped to US$74 billion, its lowest since July.
Italian Banks Back Digital Euro Initiative
Italian banks have voiced support for the European Central Bank’s (ECB) digital euro initiative. However, the Italian Banking Association (ABI) has urged the ECB to spread implementation costs over several years to mitigate financial strain on institutions.
Pakistan Considers Creation of Rupee Stablecoin and CBDC
Pakistan is exploring the launch of a rupee-backed stablecoin and CBDC to enhance financial inclusion and reduce remittance costs. Meanwhile, Pakistan has invited international VASPs to apply for licences under its new federal regulatory framework, PVARA.
Robert Kiyosaki Predicts Bitcoin at US$250,000
Rich Dad Poor Dad author Robert Kiyosaki has revealed he is increasing his holdings in hard assets, including gold, silver, BTC, and ETH, in anticipation of a market downturn. He predicts BTC will reach US$250,000 and gold US$27,000 by 2026.
American Bitcoin Treasury Reaches US$415 Million
American Bitcoin (ABTC), a Nasdaq-listed mining firm backed by Eric Trump and Donald Trump Jr., has purchased 139 BTC between 24 October and 5 November, worth over US$14 million. This brings its total holdings to 4,004 BTC, making it the 25th largest Bitcoin treasury globally.
Artificial Intelligence (AI)
AI Safety Connect Addresses Global AI Risks at UN Assembly
Researchers, policymakers, and global leaders gathered for the second AI Safety Connect during the UN General Assembly, where speakers highlighted the dangers of agentic AI, market concentration, and potential misuse by malicious actors.
OpenAI Introduces Teen Safety Blueprint for Responsible AI Design
OpenAI has unveiled Teen Safety Blueprint, a framework for developing responsible AI tools focused on young people’s well-being and protection. The blueprint outlines principles for age-appropriate design and meaningful safeguards, defining how AI should responsibly serve teenagers.
Apple Partners with Google’s Gemini for Major Siri Overhaul
Apple is preparing a major upgrade to Siri using a custom version of Google’s Gemini model. Estimated at 1.2 trillion parameters, the model will greatly enhance Siri’s ability to handle summarisation and planning tasks, far surpassing Apple’s current system.
Microsoft Establishes Team for ‘Humanist Superintelligence’ Research
Microsoft has announced the formation of the MAI Superintelligence Team to advance research into “humanist superintelligence”. The team will focus on practical applications such as healthcare and renewable energy, aiming to create systems that achieve incredible performance.
EU Considers Delaying Key Provisions of the AI Act
The European Commission is reportedly weighing a delay to certain provisions of the EU’s landmark Artificial Intelligence Act following pressure from major technology companies and the Trump administration.
Google Finance Adds Gemini-Powered Deep Search Feature
Google Finance introduced the AI-powered Deep Search, a new feature driven by Google’s Gemini models. Deep Search will deliver detailed, cited responses and display a research plan to clarify the AI’s reasoning process.
Amazon Unveils AI Translation Tool for Kindle Authors
Amazon has launched Kindle Translate, an AI-powered translation tool currently in beta for Kindle Direct Publishing authors. The feature enables writers to release ebooks in multiple languages at no additional cost, and currently supports translation between English and Spanish.
Foursquare Launches BeeBot AI Social Audio App
Foursquare launched BeeBot, an AI-powered social app for iPhones that shares about what’s happening nearby with its users. Its co-founder, Dennis Crowley, aims for the app to be a personalised radio DJ that provides location-based audio updates.
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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