We bring you the latest in the Web3 and AI industry, structured in bite-sized news that you can read in a minute!
Here’s what’s happening in Web3 and AI in 1 minute.
Web3
GameStop Shifts Focus to Trading Cards
1️⃣ GameStop increased its convertible bond offering to $2.25 billion, up from the previously announced $1.75 billion, although its shares fell 24% over the week. The company acquired 4,710 Bitcoin last month but stated it will not make any further public announcements regarding future crypto purchases.
Bitcoin Holds Steady at $105K Amidst Middle East Conflict
2️⃣ Bitcoin briefly dipped below $105,000 but stabilised at around $105,101, demonstrating resilience amid escalating geopolitical tensions, including the Israel-Iran conflict and ongoing trade uncertainty. Over $1.1 billion in crypto positions were liquidated during the initial wave of conflict.
Cardano Eyes $100M Treasury Deployment to Boost DeFi
3️⃣ Charles Hoskinson, founder of Cardano, proposed deploying $100 million worth of ADA from the Cardano Foundation’s treasury to support its native DeFi ecosystem. The informal plan includes potential purchases of Bitcoin and Cardano-native stablecoins.
Ethereum Foundation Pledges Legal Support as Roman Storm Trial Nears
4️⃣ Roman Storm, co-founder of privacy protocol Tornado Cash, is set to stand trial in New York on 14 July on charges of money laundering and violations of sanctions laws. The Ethereum Foundation has donated $500,000 to his defence and committed to matching a further $750,000 in community contributions.
Solana ETF Filings Updated to Include Staking Provisions
5️⃣ Seven major asset managers have revised their Solana ETF applications with the US SEC to include provisions for staking Solana tokens. This follows recent SEC guidance clarifying that staking does not automatically render a product a securities offering. The update could pave the way for additional yield for investors.
SEC Approves Trump Media’s $2.3 Billion Bitcoin Treasury Plan
6️⃣ Trump Media & Technology Group (TMTG) received SEC approval for a registration statement linked to a $2.3 billion Bitcoin treasury strategy. The company registered the resale of approximately 56 million shares and 29 million convertible notes while also filing to launch a Bitcoin ETF.
Donald Trump Declares $57.4M in Crypto Income from WLFI
7️⃣ Donald Trump reported US$57.4 million in income from his involvement in the crypto venture World Liberty Financial (WLFI), according to his 2025 public financial disclosure. He currently holds 15.75 billion WLFI governance tokens with voting rights.
Memecoins Underperform As Part of Broader Sell-Off
8️⃣ Dogecoin is leading the price dip as markets react to rising tensions between Israel and Iran, with the token down 23% over the last month. Memecoins are seeing dips across tokens, with top performers like FARTCOIN and BONK dipping more than 9%.
Artificial Intelligence (AI)
Disney Sues Midjourney Over AI Character Infringement
1️⃣ Disney and Universal have filed a lawsuit against Midjourney in California, accusing the AI image generator of copyright infringement. The companies allege Midjourney produces unauthorised copies of well-known characters such as Shrek, Darth Vader, and Buzz Lightyear.
Google Trials AI-Generated Audio Summaries in Search
2️⃣ Google is testing a new feature called “Audio Overviews” in mobile search, enabling users to listen to AI-generated summaries for specific queries. These 40-second clips feature two AI-generated hosts discussing the topic, with source links included.
Mattel Teams Up with OpenAI for AI-Led Innovation
3️⃣ Mattel announced a partnership with OpenAI to integrate AI into its iconic brands, aiming to reimagine fan engagement in a safe and responsible manner. The collaboration is intended to support product development, inspire creative ideas, and connect with fans globally.
Meta Sues Over Ads Promoting AI Nudification
4️⃣ Meta is suing a company called Joy Timeline for promoting AI nudify apps on its platforms, which digitally undress individuals without their consent. The legal action follows a CBS News investigation that uncovered hundreds of such advertisements.
Meta to Invest $15 Billion in AI Superintelligence Ambition
5️⃣ Meta is preparing to announce a $15 billion investment to develop “superintelligence”—AI systems that outperform humans in all tasks. The move is seen as a renewed push to establish Meta’s leadership in the AI space.
NVIDIA to Help Germany Lead Europe’s AI Push
6️⃣ NVIDIA and Deutsche Telekom are collaborating to build Europe’s first industrial AI cloud, based in Germany and dubbed an “AI factory”. The facility will launch with 10,000 NVIDIA Blackwell GPUs and will support AI-powered manufacturing processes, including robotics and design.
AI Advances Archaeological Discoveries of Human History
7️⃣ AI is revolutionising archaeology by helping researchers locate ancient sites with geospatial machine learning and deciphering delicate historical texts like the Herculaneum scrolls, revealing previously unreadable ink.
Teachers in England Permitted to Use AI for Admin Tasks
8️⃣ Teachers in England are now permitted to use AI for basic, low-risk tasks, according to new guidance from the Department for Education. The technology can assist with routine responsibilities such as drafting letters to parents and marking homework. The move is aimed at reducing workloads.
