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
Pakistan Explores Crypto Mining Using Surplus Energy
1️⃣ Pakistan’s Crypto Council proposed utilising the country’s excess energy for BTC mining during its inaugural meeting on 21 March. The council is working on regulatory frameworks to attract foreign investment, representing a shift from its previous anti-crypto stance.
Tether Prioritises ‘Big Four’ Audit Amid Regulatory Shifts
2️⃣ Tether has made a full audit a top priority, with CEO Paolo Ardoino engaging with Deloitte, EY, PwC, or KPMG. This follows the appointment of a new CFO tasked with securing a full financial audit. Ardoino cited President Trump’s favourable stance on crypto as a key motivator.
Tornado Cash Ported to MegaETH Testnet for Private Transactions
3️⃣ A developer successfully ported Tornado Cash to the MegaETH blockchain’s public testnet, enabling private transactions on the new network. This follows the U.S. Treasury’s decision to lift sanctions against Tornado Cash addresses after a court ruling in January.
Fidelity Files for Tokenised U.S. Dollar Money Market Fund
4️⃣ Fidelity Investments has applied to register a blockchain-based version of its US market fund, marking its entry into the tokenised assets space. The fund will initially be built on the Ethereum network but may expand to other blockchains.
Ripple Co-Founder Bets $1B on Space Station Venture
5️⃣ Ripple co-founder Jed McCaleb is investing $1 billion of his personal wealth into Vast Space, his aerospace company, with the goal of developing a successor to the International Space Station (ISS). Vast is currently developing artificial gravity space stations.
Sonic Unveils High-Yield Algorithmic Stablecoin Amid Concerns
6️⃣ The Sonic blockchain is developing a yield-generating algorithmic stablecoin, raising concerns over a potential collapse similar to Terra-Luna. Andre Cronje, co-founder of Sonic Labs, announced that the stablecoin could offer an APR of up to 23%.
Bitcoin Volatility Rises Despite Positive ETF Flows and SEC News
7️⃣ Bitcoin experienced significant price swings throughout the week but closed near its starting point at $84,150. Bitcoin ETFs saw substantial inflows this week, reversing prior outflows, with over $734 million entering the funds.
Strategy Hints at Another BTC Purchase
8️⃣ Strategy co-founder Michael Saylor hinted at another possible BTC purchase after the company wrapped up its latest capital raise through preferred stock offering. The co-founder has also made headlines for urging the US administration to purchase 25% of BTC’s supply.
Artificial Intelligence (AI)
44% Bullish on Crypto AI Token Prices: CoinGecko Survey
1️⃣ A CoinGecko survey revealed that 44% of crypto analysts are bullish on the prices of crypto AI tokens, potentially benefiting the $23.6 billion market sector. CoinGecko researchers cite improved use cases and increased adoption of both crypto and AI as key drivers of growth.
Grok AI Turns on Musk, Accuses Him of Misinformation on X
2️⃣ Elon Musk’s Grok AI has reportedly been informing X users that Musk spreads misinformation. Users have discovered that Grok can provide examples of Musk’s misleading posts on topics such as elections, health, and conspiracy theories, which are often amplified by his large following.
Europol Warns AI Could Control Criminal Networks
3️⃣ Europol has issued a warning that the combination of blockchain and AI could accelerate crime, with fully autonomous AI potentially leading to AI-controlled criminal networks. Its 2025 threat assessment suggests that AI and crypto will drive a rise in online fraud.
Google’s Gemini AI Edits Photos Using Text Commands
4️⃣ Google’s new Gemini 2.0 Flash allows users to edit photos using simple English instructions, marking a significant leap in AI-powered image editing. This multimodal AI understands text and images simultaneously, enabling users to modify existing photos while preserving key elements.
Perplexity AI Pushes for TikTok Takeover, Eyes $18B Valuation
5️⃣ Perplexity AI is advocating for a TikTok takeover, claiming it is best positioned to rebuild TikTok’s recommendation algorithm in the event of a US ban. The AI-powered search engine argues that it can enhance TikTok’s content curation and improve transparency.
Swedish Film Gets US Release with AI ‘Visual Dubbing’
6️⃣ The Swedish film “Watch the Skies” is set for a US release using AI-powered technology developed by Flawless AI. This technique enables actors to appear as if they are speaking English, helping the film reach a wider audience.
‘Vibe Coding’ Uses AI to Build Apps and Games
7️⃣ A new programming approach known as “vibe coding” allows developers to create apps and games simply by describing what they want in plain language, leaving AI to generate the code. Andrej Karpathy, former AI director at Tesla, popularised the term.
Musk and Nvidia Join Stargate AI Data Centre Project
8️⃣ Elon Musk and Nvidia have reportedly joined Stargate, a private initiative to build large-scale AI data centres in the US Nvidia will serve as a technical advisor. This follows President Trump’s announcement of Stargate, a project which aims to construct up to 20 AI data centres.
