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GM,

You Voted, We Listened. Last week we sent out a poll asking what you wanted to see more of in the Weekly Update. You answered overwhelmingly for more News and Memes. Starting this week we are doubling down on those two sections. Enjoy! and as always, if you ever have any feedback, we’d love to hear from you! Just hit the reply button on this email.

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Venice.AI Takes the Plunge Onchain  

Ever found yourself mid-chat with an AI and suddenly spiraled into doomsday thoughts like, “What if their servers go kaput? What if the government pulls the plug? What if my trusty AI sidekick, ‘Buttcoin69,’ gets ghosted by its creators?”

No? Sounds like you’ve got a grip. Meanwhile, crypto heads—the lovable, paranoid ones at least—are always one step away from prepping a digital bunker. Enter Venice.AI, the project turning these dystopian dreams into reality by hosting AI models on a decentralized network of GPUs, creating an AI setup robust enough to withstand, well, practically anything.

Here’s the scoop: Venice.AI is moving its operations onchain to Base. This shift means users and developers can now interact with the platform using the $VVV token. But there’s more under the hood—developers can also stake their $VVV tokens and use the rewards to offset platform costs. Stake wisely, and they might end up running their AI agents for free, assuming the token holds its value.

While everyday users might just shrug, for builders, this is a game-changer. Wrapping up expenses into a one-time payment (with the potential to earn it back) streamlines operations and makes deploying AI solutions far more accessible.

Each little innovation like this chips away at the cost barrier, nudging us ever closer to a world where super-intelligent AI tools are accessible to all. If nothing else, it’s a win for AI chat bots and the decentralized dreamers out there.

READING CORNER

A collection of longer form content we are consuming this week 

Mikey w/ an article on where narratives are heading

A primer on the Venice.AI Token $VVV

NEWS

Quick Hitters from the week

• Pump.fun Breaks Single-Day Revenue Record: Celebrating its anniversary, Pump.fun rakes in $15.5 million in fees in just one day, marking a new milestone.

• KuCoin Pleads Guilty, Agrees to $300M Settlement: The exchange admits to operating as an unlicensed money-transmitter and will pay nearly $300 million in fines and forfeitures.

• TRUMP Token Mania Boosts Solana Stablecoins to $10B: Record DEX volumes and growing stablecoin supply, led by Circle's USDC, underline Solana’s explosive growth amid TRUMP token frenzy.

• Jupiter Soars 40% After Buyback Announcement: Founder pledges 50% of platform fees toward token buybacks, sparking a rally.

• Upbit and Bithumb Compensate Users Amid Martial Law Outages: South Korea’s top exchanges pledge $2.5 million in compensation following crypto activity surges during martial law.

• Dogecoin ETF Gains Traction as Musk’s D.O.G.E Takes Off: Bitwise files for a DOGE ETF, signaling growing mainstream interest in the memecoin market.

• MicroStrategy's STRK Move Sparks Shareholder Debate: Invents a new way to dilute shareholders while staying committed to Bitcoin accumulation.

• Trump’s Stablecoin Push Raises EU Concerns: Executive order fuels fears over USD stablecoin dominance, with U.S. dollar-pegged stablecoins accounting for 97% of the global market.

• Sen. Lummis Criticizes SEC in Coinbase Case: Files an amicus brief accusing the SEC of undermining Congress and overstepping its authority under Gensler's leadership.

• Crypto Regulation Called ‘National Priority’ by Senator: Cynthia Lummis pushes for clearer rules, emphasizing the importance of crypto regulation for U.S. economic leadership.

• Binance Faces French Money Laundering Probe: French authorities investigate Binance over alleged money laundering activities.

• SEC Quietly Removes Ripple Lawsuit Records: XRP surges as the SEC removes all civil litigation records against Ripple from its official site, signaling potential resolution.

• Japan’s Metaplanet to Raise $745M for Bitcoin: Plans to issue stock warrants to fund additional Bitcoin purchases, doubling down on its crypto treasury strategy.

THE TWITTERVERSE

A collection of the most interesting stuff on Crypto Twitter this week

MEMES

For the (crypto) Culture

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