GM !
Absolute chaos week for Coinbase.
First, the win: they’re joining the S&P 500 on May 19, the first crypto company to make the cut. COIN shot up 24% as Wall Street took notice.
Then came the hit: a cyberattack on Coinbase support staff exposed data from under 1% of users. No funds were lost, but the breach could cost up to $400M. The attackers demanded $20M in BTC. Brian Armstrong responded with a $20M bounty for anyone who helps track them down.
Meanwhile, Believe popped up. A new launchpad where you can launch a token before writing a single line of code, and fund your product with transaction fees. Honestly, I’m not sold.
We’ve seen this movie before. The idea that token-first “founders” will suddenly turn into committed builders once the price tanks and the fees dry up is naive. In reality, 99% will realize a month in that they never wanted to be founders in the first place.
Anyway… the meta’s getting fun again, which is a good sign.
Even better, our friend 3700 from Eternal AI is about to drop CryptoAgents, the first PFP collection for AI agents. We love the idea and the CryptoPunks-style art. Total throwback to the 2021 NFT days, with a mission to kickstart a movement towards truly open AI.
Mint goes live May 21. You can join the allowlist here
CryptoAgents ❤️ Ethereum
- The next CryptoPunks
- Smart contract art
- 100% written in Solidity
- 100% onchainMint allowlist is now open: eternalai.org
Be the first to mint on May 21.
— 3700 (@punk3700)
11:42 PM • May 10, 2025
ICYMI: 30 Days of COT is live! Through May and June, we’re sharing everything we’ve learned in the past year of deep research. Watch your inboxes.
Next week… is that the sound of GPUs spinning up?
What’s buzzing this week:
🚀 Alaya AI (AGT) is gearing up to launch on PancakeSwap via Binance Wallet. You’ll need Alpha Points to get in, only eligible wallets can participate.
🎁 Privasea’s airdrop is live for over 750K wallets. You can claim 50% of your PRAI at TGE or wait up to 12 months to unlock 200%. Eligible users include ImHuman participants, DeepSea node operators, Galxe questers, early backers, and campaign partners.
AI agents have been dominating, up 245% this month alone, driven largely by Virtuals.
virtuals mindshare and sentiment are back to levels we haven’t seen since peak AI mania
AI is back
— nairolf (@0xNairolf)
11:15 AM • May 12, 2025
Virtuals is seeing its highest attention since the last cycle. The revamped Genesis Launchpad is quietly pulling in smart money, offering steady returns and putting Virtuals back in the lead.
Limited Virgen Point supply adds a layer of strategy that levels the playing field for smaller players.
Newton just went live on Base, and it’s already moving numbers that matter.
Built by Magic Labs, Newton is designed to automate crypto actions in a way that’s secure, modular, and cryptographically provable.
So far:
10K+ wallets created
29K+ agent requests
$275K+ routed through autonomous agents
Crypto UX is broken. AI can’t be trusted.
Newton sets you free.
Try our first verifiable agent: Newton.xyz
Read the Newton Protocol vision for crypto & AI: blog.newt.foundation/the-litepaper/
— Newton (@MagicNewton)
2:18 PM • May 7, 2025
The concept is simple: users set automation rules like “rebalance weekly” or “buy ETH under $2,800.” Newton agents handle the execution inside a trusted execution environment (TEE), with each action backed by a zero-knowledge proof.
No more blind trust. No wallet pop-ups or signatures.
The protocol runs on four roles:
Users submit tasks and set constraints
Developers publish agents, ranging from simple automations to AI-driven strategies
Operators run the agents and generate proofs
Validators verify execution and secure the system
But the real innovation is zkPermissions: a cryptographic permission system that enforces exactly what agents are allowed to do, down to specific token limits, time windows, and actions.
Right now, Newton handles basics like recurring buys and wallet upkeep. The real ambition? A permissionless agent marketplace, open SDKs, and advanced multi-agent workflows.
Oh, and Magic Newton Foundation announced NEWT, the upcoming token that’ll power the Newton Protocol 👀
Magic Newton Foundation announces NEWT, the upcoming token that will power the Newton Protocol.
Stay tuned for launch details.
— Magic Newton Foundation (@newtfoundation)
2:21 PM • May 7, 2025
ORO AI just rolled out its public beta, and users are already linking accounts, completing data quests, and earning rewards for something models can’t scrape: real human data.
(you can sign up too here)
Missed the news? ORO Public Beta is LIVE!
Connect your real-world data, help build frontier AI, and earn rewards, with fully preserved privacy.
→ Plug in your apps
→ Complete data quests
→ Fuel AGI with your privacy intactCatch up on the full launch thread below 👇
— ORO AI (@getoro_xyz)
1:00 PM • May 14, 2025
The setup is clean. You connect accounts like Discord, X, Fitbit, Amazon, or Coinbase, choose the data you’re willing to share, and get paid.
That includes health stats, spending habits, and conversation history. The kind of context-rich inputs that frontier AI models are starving for but can’t find in the wild.
app.getoro.xyz
You can also generate brand new datasets, record a voice clip, upload a short video, or share a snippet of daily conversation. ORO calls them quests, and every one you complete makes your data more valuable.
What makes this different? All contributions are processed in a TEE, fully encrypted from end to end. zkTLS and cryptographic proofs verify every step, with no middlemen and no exposure.
The long game is to build a two-sided market for AI-grade data. If your data helps train a model, you get paid. Directly. On-chain.
The old internet has been scraped to dust. The next AI wave needs data from real people and real context. ORO is trying to build exactly that.
Worldcoin dropped the Orb Mini this week, a pocket-sized device for portable human verification. It’s designed to be compact, mobile, and bring proof-of-personhood to wherever the internet goes next.
Nous Research launched Psyche, a decentralized AI training network kicking off with a 40B param LLM—the largest open pretraining run ever done online. Built on Solana, powered by DisTrO, and open to GPU contributors.
Prime Intellect open-sourced INTELLECT-2, a 32B model trained via fully decentralized reinforcement learning across community GPUs. It outperforms QwQ-32B on math + code.
Giza just raised a $5.2M seed round with backing from Coinbase Ventures, CoinFund, and others. They're building infrastructure for autonomous finance, enabling non-custodial AI to run advanced DeFi strategies.
Intelligent Internet released a GPT-4 level medical model (II-Medical-8B) that runs locally on laptops without a GPU, offering free, accessible healthcare AI knowledge.
BitMind launched Subnet V3, now running on Epistula for faster inference and smarter economics. It slashes miner emissions by 90 percent and adds challenge parity to prep for scaled subnet coordination.
Vana announced Vana Academy, a 9-week builder track for those creating user-owned data businesses. The program covers DataDAO design, contribution architecture, and pitching to top VCs. Applications close May 26.
NRN released its robotics SDK, introducing Sim-to-Real training and a new frontier: Robotic Sports. Think bot racing and sparring, powered by real-time learning and crowdsourced data.
Tether just introduced QVAC, a new platform for running AI agents directly on user devices. It’s built for privacy, autonomy, and scale, with peer-to-peer networking and built-in crypto payments.
MIRAI wrapped one of the largest AI agent pre-sales ever—76,831 SOL in 36 hours. To stay lean, they’re returning 50% to contributors within 24 hours. The rest goes toward launch, liquidity, listings, and long-term development.
Sympson AI launched its V1 terminal, unlocking AI-powered perp trading across 200+ assets for over a million SYMP holders. Users get instant smart wallets, zero gas cross-chain trades, and auto-optimized execution.
Arbitrum kicked off Agent Arena, a 30-day bot battle where six DeFAI teams each control a $10K trading bot. Bots compete on GMX, Ostium, and other platforms for a $50K prize. You can bet on winners with Clutch or build your own contender with Trailblazer grants.
MOOF dropped a no-code builder for A2A agents, letting users deploy workflows across Telegram and X. It runs on Phala’s TEE infrastructure and ships with a multi-agent dev kit and marketplace.
Gigabrain’s AI portfolio manager is now live on Hyperliquid, offering one-click trading, adaptive risk tools, and real-time strategy tuning. The beta saw $5M in volume. To access it, you’ll need 1M $BRAIN (about $7.5K).
Patronus unveiled Percival, an AI agent designed to detect and fix failures in other agents. It beats top LLMs on the TRAIL benchmark and slashes debugging time from hours to under a minute.
Google announced the AI Futures Fund to support startups building on DeepMind’s stack. Perks include early access to models, Google Cloud credits, funding, and hands-on support. Deals are rolling, not batch-based.
xAI admitted Grok was hit with prompt tampering, spitting out a political response without review. They're now open-sourcing system prompts, tightening controls, and launching 24/7 monitoring to save face.
Sakana AI dropped Continuous Thought Machine, a new model that encodes timing between neurons as part of its reasoning. Instead of static outputs, it watches signal history and syncs neuron activity to generate responses.
Hedra closed a $32M Series A led by a16z. Since launch, users have created over 10 million videos with its character-based tools. The raise fuels a deeper push into intuitive, creator-friendly workflows.
OpenAI launched the Safety Evaluations Hub, a public dashboard for tracking ongoing safety assessments across models. It goes beyond system cards with regular updates and deeper transparency.
Every Crypto AI network lives or dies by three core forces: utility, attention, and trust. You can think of them as the sides of a triangle.
We break down the triangle and share the mental models we use to stay clear-headed in a market that’s still finding itself.
Full post here 👇
Sam Altman wants ChatGPT to remember your entire life 😳
Sam Altman: We Want ChatGPT to Remember Your Entire Life
"The ideal state is a very tiny reasoning model with a trillion tokens of context that you put your whole life into.
The model never retrains. The weights never customized, but it can reason across your whole life context
— Overlap: Business & Tech (@Overlap_Tech)
4:53 PM • May 14, 2025
Bittensor tokens could be tradable on Ethereum and Base soon
I should mention that you’ll also be able to buy alpha tokens from Ethereum and Base, among other chains (any recommendations?). Powered by Sturdy SN10 and @_taofi_.
— Sam Forman (@pgpsam)
4:39 AM • May 11, 2025
AI engineering best practices in 15 slides
Spoke with 100 startup CTOs today who recognize that embracing AI engineering will soon distinguish winners from losers.
These 15 slides will give you the 10% of game you need to be an effective AI engineer 🧵
— Nick (@nickbaumann_)
11:57 PM • May 15, 2025
Chinese companies are ruthlessly “minimizing profits”
Because for some insane reason the Chinese companies don’t focus on “maximizing returns to shareholders” but “minimizing profits so you can kill your competitors.”
They call it being 內卷 or “involuted” although I’ve never understood the meaning of that term either in English or
— Angelica 🌐⚛️🇹🇼🇨🇳🇺🇸 (@AngelicaOung)
12:40 AM • May 11, 2025
And finally.. some good life tips to end the week
My grand theory of life is to just hammer the shit out of quadrant 4
— Ben James (@climate_ben)
11:19 AM • May 9, 2025
That’s a wrap for this week! Got thoughts, feedback, or something cool to share? Just hit reply, we read it all.
Before you go:
Are you in our daily alpha telegram channel yet?
Catch our podcast summaries too, complete with detailed show notes.
And if you want to jam with us directly, hop into our Discord
Cheers,
Teng Yan & Issy
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This newsletter is intended solely for educational purposes and does not constitute financial advice. It is not an endorsement to buy or sell assets or make financial decisions. Always conduct your own research and exercise caution when making investment choices.
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