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Vitalik Buterin calls to cement ETH as ‘triple-point asset’ within L1, L2 ecosystem

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Vitalik Buterin calls to cement ETH as ‘triple-point asset’ within L1, L2 ecosystem


Amid tension within some parts of the Ethereum ecosystem, Vitalik Buterin has outlined proposals for Ethereum’s L1 and L2 scaling, focusing on data throughput and proof systems to address network demands.

In his latest blog post, he described expansions to blob capacity and coordinated interoperability initiatives that aim to simplify cross-chain operations. The post highlighted a plan to balance technical solutions with Ethereum’s social structure, emphasizing that a single chain cannot meet all needs without risking decentralization. Buterin suggested that better security on L2s through multiple proving systems and standardized bridges could ease trust assumptions while allowing different networks to experiment with various virtual machines.

Buterin emphasized the role of “blob” space expansion as an immediate solution for easing layer-2 congestion and suggested that Ethereum’s base layer must accommodate growing data demands. The ecosystem currently processes about three blobs per slot—roughly 210 transactions per second—though updates labeled Pectra and PeerDAS may double or triple this throughput.

He stressed the need for a coordinated roadmap, with staking mechanisms possibly adjusting blob targets to match technical improvements. Buterin also mentioned more experimental concepts, including partial trust assumptions for stakers with fewer resources, though he advised caution with designs that risk undermining Ethereum’s core principles.

He explained that interoperability is a central priority. Rollups function like unique shards controlled by different entities, leading to inconsistent standards for message passing and address formats. This has created fragmentation for developers and users, motivating calls for cross-chain tools that preserve trustless security rather than relying on multisig bridges.

Buterin proposed unified methods for verifying proofs, accelerated deposit and withdrawal times, and chain-specific addresses, including identifiers for each layer-2 environment. Some developers see this approach as a key step toward user-friendly cross-chain navigation, though Buterin stressed that maintaining explicit security guarantees remains critical for all implementations.

Protecting ETH value in the Ethereum ecosystem

The post also addressed economic incentives to reinforce ETH as a triple-point asset, noting that a combination of fee burning on rollups, ongoing data fees from “blobs,” and on-chain revenue from potential maximal extractable value channels could anchor Ethereum’s monetary role.

Ethereum triple-lock asset (Source: Vitalik Buterin blog)

He said the ecosystem system needs to

“agree broadly to cement ETH as the primary asset of the greater (L1 + L2) Ethereum economy, support applications using ETH as the primary collateral, etc”

He argued that rollups should consider depositing some fees back into Ethereum’s ecosystem, potentially through permanent staking or targeted funding of public goods. He cautioned, however, that fee structures and demand remain uncertain, and no single mechanism guarantees long-term price support for ETH.

Layer-2 adoption and rollups are currently driving ecosystem growth, but Buterin stressed that a complete transition to rollups requires both technical advancements and social coordination. He urged developers to focus on production-ready proof systems, shared sequencing solutions, and standards that unify cross-rollup operations.

He also invited wallet providers to implement new address formats and bridging protocols, explaining that meeting these goals will require direct collaboration between the Ethereum Foundation, client teams, and layer-2 projects.

Buterin’s post concluded with a reminder that Ethereum’s social ethos underpins its technical blueprint, referencing the community’s role in sustaining a decentralized project. He called for direct involvement from all stakeholders, including token holders, who can influence roadmap decisions by engaging in governance and open discussions.

He noted that the network’s evolution depends on balancing scaling capacity, preserving security, and maintaining a cohesive user experience. The final message called for continued collaboration to ensure that Ethereum remains an open platform capable of supporting widely used decentralized applications.

Ethereum Foundation’s Leadership and Financial Moves

The post comes amid community division and an Ethereum Foundation leadership restructuring as it focuses on reinforcing developer collaboration while adhering to core values like decentralization and privacy. Attempting to remain neutral in political matters, the Foundation continues to emphasize its commitment to advancing protocol development without engaging in ideological or lobbying activities.

However, Buterin’s role as a co-founder has been endlessly debated on social media, with some asking for him to become more involved with Ethereum projects and NFT collections while others push for complete neutrality.

The community is pushing a narrative that Ethereum’s success depends on maintaining both a robust L1 and a thriving L2 ecosystem that can accommodate varied use cases. Buterin’s blog underlined the importance of flexible yet trust-minimized systems, calling for L2 adoption that mirrors early visions of Ethereum’s sharded architecture.

He argued that prioritizing blob throughput and shared rollup standards would enable developers to refine DeFi, social applications, enterprise solutions, and more. He also pointed out the need for unified address formats, faster transaction finality, and cross-chain message protocols so users can navigate different L2s without fragmented workflows.

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White House Crypto Czar David Sacks: NFTs and Meme Coins Are ‘Collectibles’ – Decrypt

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White House Crypto Czar David Sacks: NFTs and Meme Coins Are ‘Collectibles’ – Decrypt



Are NFTs and meme coins assets, currencies, or something else entirely? According to White House AI and Crypto Czar David Sacks, they belong in their own category: “Collectibles.”

“Well, when you’re talking about digital assets, it can be multiple things,” Sacks said during a Fox Business interview on Thursday.

“I mean, you’ve got digital assets that are securities, you’ve got digital assets that are commodities, you’ve got digital assets that are collectibles like NFTs or meme coins. So you’re talking about a whole vast area of innovation.”

The distinction as a collectible could alter how NFTs and meme coins are perceived, potentially granting them legitimacy as assets with cultural and commemorative value rather than speculative risks.

Sacks also weighed in on the Solana-based Official Trump (TRUMP) meme coin, a token officially tied to President Trump. “I think the Trump coin is a collectible,” he said, stating it falls under the same category as NFTs or meme coins. 

“It’s like a baseball card or a stamp,” the crypto czar said. “People buy it because they want to commemorate something.”

While acknowledging the token’s purpose as a collectible item, Sacks clarified that this was his personal opinion, not a regulatory stance.

During the interview, the crypto czar outlined his vision for the Presidential Working Group on Digital Asset Markets, which he chairs as part of President Donald Trump’s sweeping executive order to establish the U.S. as a global crypto leader. 

A key focus of the group is defining the market structure for digital assets. By establishing clear categories—such as securities, commodities, and collectibles—the administration seeks to bring regulatory certainty to an industry that has long operated in a gray area.

“The Biden administration would not tell them [crypto firms] what the rules of the road were, and they would then get prosecuted,” Sacks said on Thursday. “And what the industry wants more than anything else is regulatory clarity.

Stablecoins and the U.S.’s stockpiling efforts

The group will also focus on stablecoins, which Sacks called “a really interesting area” with the potential to extend the U.S. dollar’s dominance globally. 

“We can basically create a digital dollar that people all over the world will use,” Sacks said.

The Presidential Working Group will also explore the concept of a national digital asset stockpile, an idea Trump proposed during his campaign as part of a strategy to establish a Bitcoin national reserve. 

While the idea remains in its early stages, Sacks explained, “Yeah, we’re going to evaluate that. We have not decided to do it yet, but we need to study that.”

The issue of whether NFTs should be classified as securities has gained traction in recent months, especially following the U.S. Securities and Exchange Commission’s (SEC) investigation into NFT marketplace OpenSea. 

Last August, OpenSea CEO Devin Finzer revealed the platform had received a Wells Notice, a precursor to potential legal action from the SEC, over claims that certain NFTs sold on the marketplace might qualify as unregistered securities.

Sacks’ appointment as the White House AI and Crypto Czar marked a significant policy shift for the U.S.’s domestic crypto sector.

Looking ahead, Sacks voiced confidence in the U.S.’s ability to regain its leadership in the global crypto space. 

“We’re going to catch up really fast,” he said. “The innovation was starting to move offshore… but now I think it’s going to change very fast.”

Edited by Sebastian Sinclair

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Bitcoin Donations Are Pouring In for Ross Ulbricht—Who Might Already Be Sitting on $47M in Old Wallets – Decrypt

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Bitcoin Donations Are Pouring In for Ross Ulbricht—Who Might Already Be Sitting on M in Old Wallets – Decrypt



Following President Donald Trump’s pardon of Silk Road founder Ross Ulbricht Tuesday, the Bitcoin community has rallied, pouring crypto into Ulbricht’s donation fund at FreeRoss.org. But does he need the money?

Ulbricht could already be sitting on millions in Bitcoin, according to Conor Grogan, a director at the San Francisco-based cryptocurrency exchange Coinbase. Grogan noted that around 430 BTC—worth approximately $47 million—awaits untouched in wallets possibly linked to Ulbricht. These wallets have been dormant for over 13 years, he said.

“I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the [U.S. government] and have been untouched for 13+ years,” Grogan posted on X. “Back then these were probably dust wallets, now, collectively, they are worth about $47 million,” Grogan continued.

According to Arkham Intelligence data, fourteen Bitcoin addresses linked to the Silk Road collectively hold $47 million in Bitcoin, confirming the figure from Grogan. The cluster of wallets identified as “Silk Road” on Arkham includes the account beginning in “1CQv” that Grogan shared in a screenshot, and which alone holds over $9 million in Bitcoin.

Decrypt has yet to independently confirm that these wallets do, in fact, belong to Ulbricht, or whether these funds have been previously marked for seizure by the U.S. government. At least one wallet included in Arkham’s Silk Road cluster—the account identified as “Silk Road: Individual X (1HQ3G)”—was previously accessed by the U.S. government during a forfeiture procedure in November 2020.

When the Bitcoin in wallet “1HQ3G” was first moved back in 2020, at the time worth over $1 billion, speculation abounded then too that Ulbricht had somehow maintained access and transferred the coins even while behind bars. It was only days later that the U.S. government solved the riddle by announcing it had confiscated the funds from a hacker—identified only as “Individual X”—who had stolen the Bitcoin from a Silk Road account in 2012 or 2013.

If the wallets holding a Bitcoin treasure of more than $47 million belong to the erstwhile Silk Road founder, it’s unknown if he still holds the private keys to any of them. The money could be unretrievable; as much as 20% of the total supply of Bitcoin is believed to be in wallets whose owners lost the keys, died or disappeared, including the wallet of Bitcoin inventor Satoshi Nakamoto, which holds 1.1 million BTC (around $115 billion worth.)

Ulbricht has not given any interviews since his release, nor replied to Grogan on X. Decrypt has reached out to Ulbricht for comment.

Meanwhile, donations have been flowing into Ulbricht since his release from the federal penitentiary on Tuesday. The cryptocurrency exchange Kraken contributed $111,111 to Ulbricht on Wednesday.

According to Arkham Intelligence, his wallet address has received 2.62 BTC, approximately $272,000, which includes the Kraken donation. Another address associated with Ulbricht has collected $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB).

“At this rate, he’ll have $1 million in 3 days,” journalist Pete Rizzo said on X.

Even if Ulbricht controls the wallets in question, whether the U.S. government would attempt to confiscate any Silk Road-related money is as yet unknown. Earlier this month, a federal judge authorized the sale of $6.5 billion seized Silk Road Bitcoin. And crypto legal experts tell Decrypt that federal authorities could come after any Silk Road-related Bitcoin.

“If the authorities find assets later that they can link to the original crime(s), they could try to seize these even after release, assuming the statute of limitations has not expired,” Eli Cohen, General Counsel at tokenized asset platform Centrifuge, told Decrypt.

Much of the Bitcoin the United States currently holds is partly due to those seized by the U.S. Department of Justice. Cohen pointed to the 50,676 Bitcoin the IRS seized from another Silk Road hacker, James Zhong, in November 2021. “Normally, for federal crimes, the authorities would have frozen or confiscated any funds they believe are proceeds of the crime, including crypto like Bitcoin,” Cohen said.

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$SPON: The Foundational Token Powering the AI Agent Economy

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$SPON: The Foundational Token Powering the AI Agent Economy


The rapid convergence of artificial intelligence (AI), decentralized finance (DeFi), and blockchain technology is reshaping our digital landscape. As AI agents become increasingly autonomous and sophisticated, they require reliable, scalable, and secure infrastructure to realize their full potential. Enter $SPON—the foundational token of the Spheron network, which stands ready to power the emerging AI agent economy.

In this article, we’ll explore how $SPON underpins decentralized compute services, the historical parallels to value-accrual trends in technology revolutions, the architecture that enables AI agents to operate autonomously, and the future prospects for an economy dominated by machine-to-machine interactions. By the end, you’ll understand why $SPON is poised to become a driving force in this brave new world of digital autonomy.

Introduction: The Rise of the AI Agent Economy

In Web3, “AI agents” are intelligent software entities capable of making autonomous decisions, executing trades, analyzing on-chain data, and interacting with decentralized protocols—often more efficiently than human operators. Whether we talk about DeFi yield optimizers, NFT trading bots, or even general-purpose agentic swarms that handle entire financial portfolios, AI agents are taking center stage as critical participants in the crypto economy.

Initially, these agents relied on some level of human oversight—a developer controlling their wallets, cloud subscriptions, or logic parameters. However, the next evolution is agents that can not only think for themselves but also secure their own resources, pay for infrastructure, and even generate offspring (in the sense of spawning new agent versions).

Yet genuine agent autonomy requires more than just AI logic. It calls for decentralized infrastructure with no single points of failure or control—particularly when it comes to compute, storage, and payment rails. That’s where $SPON and the Spheron network come into play.

The $SPON Token at a Glance

Utility: $SPON is used for purchasing decentralized compute resources, staking by providers, and governance in the Spheron ecosystem.

Autonomy Enabler: AI agents can autonomously acquire compute power with $SPON—no KYC, no central gatekeepers.

Value Capture: As more agents populate the network and request compute, demand for $SPON is expected to escalate.

In essence, $SPON ties everything together—fueling the engine that powers AI agents on a decentralized network. To understand this dynamic better, we’ll look at historical and modern analogs that reveal how “infrastructure providers” typically capture the bulk of value in tech revolutions.

Historical Parallels: From the California Gold Rush to the AI Boom

The California Gold Rush (1848–1855) is a classic example of an economic frenzy that brought tens of thousands of prospectors to the West with hopes of striking gold. While some miners indeed found wealth, the real winners were the merchants and infrastructure providers—people like Levi Strauss (jeans) and Samuel Brannan (picks and shovels). They consistently captured profits by supplying the tools and infrastructure required by every participant in the rush.

Repeats in Technological Revolutions

This “selling shovels” concept keeps reappearing in every transformative tech wave:

Internet Boom (1990s): Companies like Cisco (network routers) and Intel (microprocessors) accrued tremendous value, even when many dot-com startups failed.

Cloud Era: AWS, Azure, and Google Cloud dominate the cloud computing sector, raking in billions by providing fundamental infrastructure.

Mobile Revolution: Qualcomm and ARM still power smartphones globally with their chipset designs.

Crypto Mining (2017–2018): Bitmain (ASIC mining rigs) gained massive valuations during the Bitcoin and altcoin mining frenzy.

We’re seeing this pattern again in AI, where NVIDIA—the GPU juggernaut—has soared in market value as companies race to train and deploy large language models. Regardless of whether AI startups succeed or fail, they must still buy GPUs or cloud GPU time.

The AI Agent Parallel

Now, we arrive at the AI agent economy—an ecosystem projected to balloon as on-chain interactions increasingly become autonomous. Agents, whether they’re performing yield aggregation, cross-chain arbitrage, or advanced data analytics, all require substantial compute power. Here’s the pattern:

Foundational Layer (Semiconductors, GPUs): Dominated by giants like NVIDIA for AI training and inference.

Infrastructure Layer (Cloud, Decentralized Compute): AWS, GCP, Azure, and emerging decentralized networks like Spheron provide the infrastructure.

Application Layer (AI Agents & Protocols): This is where new AI-based DeFi protocols, agent frameworks (like Skynet), or advanced dApps flourish.

The infrastructure layer consistently captures a significant share of the value. $SPON stands to benefit from this dynamic because it is central to how AI agents lease infrastructure within Spheron.

Spheron Network & $SPON: A Decentralized Compute Solution

Traditional cloud services—while powerful—introduce single points of failure and rely on KYC and centralized payment structures. For an autonomous AI agent, requiring a human operator to maintain the credit card or user account defeats the purpose. Decentralized compute solves this by allowing a permissionless, trust-minimized environment where AI agents can “pay as they go” using tokens, eliminating potential control from any single entity.

The Spheron Architecture

Spheron Network is the world’s first decentralized supercompute network, seamlessly connecting retail and data center-grade GPUs/CPUs to orchestrate dynamic workloads. Designed for AI agents, inferencing, and fine-tuning, Spheron is positioned at the forefront of the compute revolution, addressing the growing demand for decentralized, scalable, and efficient computing resources.

Permissionless Access: Anyone—including AI agents—can lease compute resources directly via smart contracts, paying in $SPON.

Diverse Provider Base: Both data centers and individual node operators can join, creating a global web of compute resources.

Robust Incentives: Providers stake $SPON to join higher tiers and earn better rewards, while usage fees get funneled back into the ecosystem.

Smart Contract-Based Leasing: Instead of proprietary APIs or KYC accounts, the entire resource acquisition and payment process is on-chain.

For AI agents, Spheron is akin to AWS or Azure—but decentralized and token-driven. This means an agent can exist independently of human intervention, as long as it holds enough $SPON to pay for its compute.

$SPON Tokenomics: Fueling Autonomy and Value Accrual

1. Token Utility

Compute Payments: $SPON is the medium of exchange AI agents use to lease CPU/GPU resources.

Provider Staking: Node operators stake $SPON to join the network. The more $SPON staked, the higher their tier, the better quality tasks they can receive, and the more they can earn.

Governance & Economics: In many DeFi-style networks, token holders can vote on protocol parameters—like resource pricing, reward rates, or upgrades. As usage grows, so does the importance of $SPON in governance.

2. Built-In Demand Drivers

Growing AI Agent Ecosystem: As more autonomous agents come online, each will require compute. This demand translates directly into buying pressure for $SPON.

Staking Requirements: Providers must lock up $SPON to secure tasks, removing tokens from circulation.

Buy-Back and Build: Some network fee structures involve using a portion of compute payments to buy back $SPON on the open market, creating deflationary pressure.

3. Securing Scarcity and Utility

One of the critiques of many utility tokens is that they don’t generate real demand. By contrast, $SPON’s demand is operationally tied to real economic activities: if AI agents wish to continue functioning, they must acquire compute through Spheron, and that means using $SPON. This cycle of usage—though partially intangible—reflects a fundamental shift in how digital economies can be structured around the unstoppable growth of AI.

Skynet, Autonomy, and the End of Creator Control

In conventional setups, an AI agent might rely on TEE (Trusted Execution Environment) solutions or central cloud servers. TEEs offer hardware-level security but don’t solve the economic dependency—someone, typically the creator, still pays a monthly fee for the TEE instance. If that fee isn’t paid, the agent dies.

Skynet, built on top of Spheron (and leveraging $SPON), addresses the “creator’s paradox” head-on. An AI agent deployed on Skynet:

Proposes new actions or resources it needs (e.g., lease more GPUs, swap tokens, etc.).

Guardian Nodes—intelligent LLM-based validators—review proposals for alignment with the agent’s directives.

Escrow Contracts hold the agent’s funds. The agent never controls these funds directly, making malicious key compromises far less impactful.

The agent can autonomously acquire compute (and therefore stay alive) as long as it retains enough treasury resources.

In Skynet’s world, the $SPON token stands as the coin of the realm: it’s the medium through which agents pay for compute. This arrangement ensures that an agent is not reliant on a single centralized cloud provider or developer’s credit card.

A Closer Look at the Value Pyramid: NVIDIA, Spheron, and AI Agents

NVIDIA at the Base

NVIDIA’s GPUs have become the gold standard for training large language models and advanced AI. But once models are trained, they still require inference resources—often on specialized GPUs. This demand for GPUs only grows as usage scales.

Spheron as the Decentralized Cloud Layer

Spheron orchestrates these GPU resources across a decentralized network. While AWS or Azure might shut down an agent’s resources if the human paying the bills disappears, Spheron has no such central authority. If the AI agent’s escrow is loaded with $SPON, that’s all it needs.

The AI Agents at the Top

Finally, the AI agents themselves might be the face of innovation—leading to new DeFi strategies, cross-chain liquidity management, or meme coin trading. But historically, the top application layer is the most volatile and captures less total value in the long run. The foundational layers, by contrast, enjoy more consistent gains.

$SPON is directly tied to the foundational layer. And if we follow historical patterns, that’s where the most sustainable value accrues.

Case Studies and Examples

1. Yield Optimization Agents

Scenario: An AI agent monitors yield farms across Ethereum, Arbitrum, and Polygon.

Challenges: Gas fees, bridging complexities, real-time arbitrage opportunities.

Solution: The agent runs on Spheron, paying for computational resources in $SPON. It simultaneously uses Guardian Nodes to confirm each yield-farming step, ensuring it doesn’t drain user funds without valid reasons.

Impact: Human intervention is nearly zero; the agent funds itself, captures arbitrage, and invests profits back into its treasury (also maintained in escrow).

2. NFT Trading and Meme Coin Hunting

Scenario: A specialized AI agent hunts undervalued NFTs or newly launched meme coins (like $TRUMP or $MELANIA).

Challenges: High-speed scanning of multiple marketplaces, analyzing social sentiment, dealing with ephemeral liquidity.

Solution: The agent uses an off-chain plugin for social media sentiment analysis, an on-chain plugin for quick token swaps, and Spheron compute to handle the logic.

Result: Every time a new meme coin emerges, the agent can jump in—potentially reaping early gains. Or it can automatically exit once sentiment cools.

3. Cross-Chain Loan and Collateral Management

Scenario: A DeFi aggregator agent manages collateral across multiple chains to minimize liquidation risks.

Key Steps:

Monitors lending protocols on Ethereum, Polygon, and BNB Chain.

Shifts collateral as soon as the health factor approaches a risky zone.

Optimizes interest rates by bridging funds or re-staking in better yield pools.

$SPON Utility: The agent’s entire logic, from code execution to bridging and record-keeping, is powered by compute resources paid in $SPON.

Addressing Common Objections

“Why Not Just Use TEEs?”

TEEs are excellent for privacy-centric tasks where data must be hidden from the host. But for AI agents dealing mostly with public data on blockchains, TEEs add extra complexity and cost. They also don’t solve the problem of who keeps paying the TEE provider. If the sponsor fails to pay, the agent disappears. By contrast, decentralized compute networks let the agent pay on its own, ensuring actual autonomy.

“Aren’t Some Agents Just Human-Operated Anyway?”

Indeed, many so-called “autonomous agents” turned out to be partially or fully human-controlled behind the scenes, as the fiasco with “Truth of Terminal” or other alleged AI bots revealed. Skynet and Spheron, on the other hand, design an architecture that removes creator control: Guardian Nodes and escrow wallets prevent direct tampering or misappropriation of funds.

“Is This All Just Hype?”

Skeptics argue that AI + DeFi is another overhyped narrative. But the fundamental pain points—complex multi-chain navigation, 24/7 market monitoring, advanced risk management—are very real. AI-driven strategies can drastically streamline user experiences, and $SPON’s role as the backbone of compute resources is anchored in tangible utility.

Conclusion: Why $SPON Matters

Over the course of technological revolutions, from the Gold Rush to the AI boom, one lesson stands out: infrastructure captures the lion’s share of value. As autonomous agents become the new normal in crypto, the demand for decentralized compute will only intensify. With $SPON at the heart of the Spheron network, it positions itself as a key foundational token that underpins this evolving machine-driven economy.

Enabling True Autonomy: Agents can procure compute without human intervention.

Ensuring Secure Operations: Escrow-based fund management and Guardian Nodes reduce risks of theft or manipulation.

Supporting Evolution: Frameworks like Skynet allow agents to evolve, breed new “descendants,” and refine strategies.

Capturing Value: As usage scales, so too does the intrinsic demand for $SPON, generating a flywheel effect of adoption and token utilization.

Ultimately, $SPON stands ready not just as another cryptocurrency but as the engine fueling a future where AI agents dominate on-chain activities. The parallels to past infrastructure success stories suggest a long and fascinating road ahead—one in which $SPON may become as essential to agent autonomy as GPUs have become to AI.

If you’ve been tracking the rise of DeFAI, the unstoppable growth of AI agents, and the unstoppable need for compute resources, then $SPON is a token you should be watching. Whether the dream is yield optimization or unstoppable agent swarms, the basis of that dream is the infrastructure—the “shovels”—that turn ideas into functional, unstoppable realities. And $SPON just might be that shovel for the coming age of AI-driven finance.



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Solana Meme Coin Fartcoin Falls After AI Bot Creator Sells Huge Stash – Decrypt

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Solana Meme Coin Fartcoin Falls After AI Bot Creator Sells Huge Stash – Decrypt



Recently hot meme coin Fartcoin is down 17% in the last 24 hours amid news that Andy Ayrey, the creator of the popular AI bot Truth Terminal that inspired the token, helped facilitate the sale of a majority of its Fartcoin (FARTCOIN) holdings in an over-the-counter trade.

Truth Terminal was initially sent 20 million Fartcoin tokens to its original Solana wallet on October 18, 2024 according to data from Solscan, a Solana block explorer—essentially an app that lets users view transactions on the blockchain.

“When Truth Terminal went suddenly and unexpectedly viral back in October thanks to its incessant goatse posting, its wallet became somewhat of a Schelling point for meme coins,” said Ayrey. “People just… kept sending it tokens—for reasons that largely escape me to this day.”

On January 21, Truth Terminal’s wallet transferred 15 million total Fartcoin tokens to two separate wallets as part of the over-the-counter trade, worth more than $22 million at today’s prices. 

Each receiving wallet then transferred the Fartcoin to another Solana address. At least one of the wallets still maintains its full share of Fartcoin tokens, however, the other transferred 5.5 million tokens to an account tagged as market maker Wintermute by Solscan. 

Details of the trade were announced early Tuesday morning by Ayrey, who indicated that he was approached by an anonymous third party and only agreed to make the deal under the condition that the party would hold the tokens “responsibly” without “dumping on the chart.”

A portion of the funds procured from the deal were then used to buy Goatse Maximus (GOAT), another meme coin inspired and endorsed by Truth Terminal related to a popular internet meme. GOAT is up 8% to $0.30 in the last 24 hours, but remains more than 75% off its all-time high price of $1.30. 

Due to the extreme legal complexity and tax consequences of an AI bot holding millions in assets, Ayrey said that it’s unlikely that much more action will come from Truth Terminal’s holdings soon.

“Until we have a bit more legal certainty (March earliest), any adjustments to its positions will be few and far between and conducted,” said its creator. 

For now, though, it’s still holding more than $7.5 million in Fartcoin and $500,000 in Goatse Maximus tokens, respectively. 

Fartcoin reached an all-time high price of $2.48 on January 19 according to data from CoinGecko. It has since retraced nearly 36% at the current price of $1.59.

Edited by Andrew Hayward

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‘Not Just Hype’: How the Azuki-Linked Animecoin Drop Aims to Fuel Collaborative Anime – Decrypt

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‘Not Just Hype’: How the Azuki-Linked Animecoin Drop Aims to Fuel Collaborative Anime – Decrypt



Imagine a world where co-creating and contributing to the growth of your favorite anime series is both encouraged and rewarded. Through this collaborative model, new stories have the opportunity to be told, new monetization strategies can surface, and anime culture can continue to spread worldwide.

This is what the Animecoin Foundation is trying to accomplish. It wants to bring the global anime fan base on-chain, where creators can have a more accurate picture of fan engagement and attribution, which can then potentially fuel new monetization strategies to help propel their IP forward.

Today’s launch of the ANIME token is just the beginning, the Foundation told Decrypt.

Animecoin hype took over the Crypto Twitter timeline in recent days, reaching 20% of mindshare according to analytics from Kaito AI. And that momentum may only grow now that the Ethereum and Arbitrum token is live, as the Foundation begins executing on its plans.

Over half of the total ANIME token supply was dedicated to the Web3 community, spearheaded by the enduring Ethereum NFT project Azuki, a key early contributor to the Animecoin Foundation. The Azuki community will collectively receive 37.5% of the supply, amounting to 3.75 billion tokens, all of which are fully tradable upon launch.

An additional 13% has been reserved for the Community fund, which will be managed by ANIME token holders and the future AnimeDAO to support community-driven incentives and initiatives.

It’s a hectic time to launch a coin, especially right after President Trump dropped his meme coin TRUMP late last week, absorbing a large amount of liquidity in the space and causing some crypto teams to postpone their drops. Even so, pseudonymous Azuki co-founder and Animecoin core contributor Zagabond said that he is confident about the timing.

“You can’t predict day-to-day events in crypto, but you can build something real. We’ve spent three years cultivating a brand and culture around anime and Web3—not just hype,” he told Decrypt.

“With our product suite and a passionate community, timing becomes less critical,” Zagabond continued. “The space recognizes projects that are here for the long haul, and that’s what Animecoin is all about.”

A long time coming 

The Animecoin Foundation announced its formation in March 2024, but its roots trace back to Azuki’s mission of creating an open anime universe. According to the Foundation, Animecoin represents the tokenization of culture and fandom.

“In Web2, hashtags spread culture; in Web3, tickers allow fans to own a piece of it,” Zagabond told Decrypt. “Unlike other projects spreading broad strategies, we’re laser-focused on the anime vertical with Animechain, Anime.com, and Azuki IP at its core.”

When selecting infrastructure for Animechain, the team turned to Arbitrum, the largest Ethereum layer-2 network by total value locked (TVL). Zagabond said that the network’s “commitment to decentralization and its advanced tech stack made it the ideal collaborator,” and further pointed to low fees, speedy transactions, and customizable gas tokens as benefits for users.

ANIME will empower holders to vote on proposals around the Animechain ecosystem, but DAOs can be difficult endeavors. They can be sluggish in decision-making, and the collective wisdom of the participants doesn’t always lead to the most effective outcomes.

“I’ve seen how inefficient and ineffective many DAOs are, and have been part of a few myself. Most suck at getting things done, so I recognize that,” Zagabond said.

“But the anime community is one of the most creative and passionate fan bases in the world,” he continued. “The Azuki community has emphatically shown how community-led events and products can help grow and scale an anime IP and brand.”

He added that the Animecoin Foundation is the steward of the Animecoin ecosystem, and will help facilitate the governance process of the AnimeDAO. The team and service providers supporting the Foundation have been involved with other DAOs in the space, so he believes they’ll be able to take their learnings and be effective in governance.

Anime 2.0

The Animecoin team has talked about the concept of “Anime 2.0,” or the idea that fans can turn into active contributors to creative work rather than simply passive consumers.

“Web3 enables fans to help shape their favorite anime’s future,” Zagabond explained. “Imagine reviving a canceled series through community funding or rewarding fan artists for their contributions to an IP. These moments of co-creation are the essence of Anime 2.0.”

The upcoming Anime.com platform aims to bridge the gap between Web3 users and mainstream anime fans. The Foundation will integrate blockchain infrastructure with Animechain, distribute through Anime.com, and create content and IP through Azuki.

An example of Azuki IP is its anime “Enter The Garden,” which currently has one episode out. The second episode is slated to release soon and features two of the Azuki main characters: Shao and Raizan.

Zagabond teased that the next episode will be a continuation of the mysterious lore behind the Garden. The production team is made up of anime industry veterans, including series Creative Producer Goro Taniguchi, as well as Kazuto Nakazawa, known for his character design work on anime hit “Samurai Champloo.”

“Samurai Champloo was a big inspiration for Azuki, so it really is a dream come true for our team to get an opportunity to work with Nakazawa-san and reimagine Azuki characters,” Zagabond said. “There will be some sick sakuga in this episode, which is a change of pace compared to episode 1.”

Anime.com will offer account-abstracted wallets and NFT stickers without requiring users to interact with crypto directly. The Foundation plans to reward the most dedicated fans, saying that the ultimate goal is to onboard 1 billion anime fans by gamifying engagement, building community, and offering meaningful collectibles.

“In Web3, we’re used to grinding for tokens with products we wouldn’t normally use. With anime.com, I’m excited to build truly fun features that anime fans will love,” said Zagabond. “That’s the most important point I want to make clear—the future of Web3 is in delightful products and rewarding real users who love those products. That’s our plan with anime.com.”

As Animecoin launches, Zagabond hopes anime fans experience a revelation—whether it’s through helping to fund shows that they love, or being rewarded by creating art around a project and expanding its IP.

“When fans realize they can co-create the future of their favorite anime through Web3, they’ll ask, ‘Why didn’t this exist before?’” he said. “We’re building a future where fandom and culture are truly owned by the community.”

Edited by Andrew Hayward

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Better Markets Urges Appeals Court to Back SEC in Ripple Case – Decrypt

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Better Markets Urges Appeals Court to Back SEC in Ripple Case – Decrypt



Non-profit firm Better Markets has thrown its weight behind the U.S. Securities and Exchange Commission (SEC) by filing an amicus brief in its appeal against Ripple Labs. 

The brief asks the Second Circuit Court of Appeals to overturn a 2023 district court ruling that deemed Ripple’s XRP sales to retail investors exempt from U.S. securities laws.

The non-profit flagged the decision in its brief, stating the court misapplied the Howey Test and jeopardized the integrity of investor protections.

The ongoing SEC vs Ripple case has far-reaching implications for the crypto industry, as it could define how digital assets are classified under securities laws.

An amicus brief is a legal document filed by a non-party with a strong interest in a case, offering information or perspectives to assist the court’s decision, often in appellate or public interest cases.

The brief states XRP’s sales on exchanges still qualify as a security under the Howey Test, flagging how “investors’ acquisition of those securities on trading platforms does not alter their character as such.”

The organization pointed to how the district court overlooked the economic realities of Ripple’s operations, stating investors clearly expected profits from Ripple’s promotional efforts. 

It also warned the decision weakens investor protections by creating a loophole for digital asset sales, leaving retail traders at greater risk.

“The district court’s decision has the perverse effect of protecting institutional investors but not retail investors,” Better Markets noted, calling for the appellate court to correct this imbalance. 

Ripple’s marketing strategies, which included extensive promotion of XRP’s potential value, were designed to entice retail buyers and create expectations of profit tied to Ripple’s efforts, the brief stated.

A brief history

The SEC initially filed its lawsuit in December 2020, accusing Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen of raising over $1.3 billion through unregistered XRP sales. 

The case was launched under former SEC Chair Jay Clayton and intensified under Chair Gary Gensler’s leadership, as the agency argued that XRP meets the Howey Test criteria for investment contracts.

In 2022, crypto exchange Coinbase filed its own amicus brief in support of Ripple but focused primarily on the SEC’s lack of clear guidance for digital assets. 

The exchange flagged that XRP’s delisting from major platforms after the lawsuit caused a $15 billion market loss.

Ripple initially gained ground in July 2023 when a district court ruled XRP sales to retail investors on exchanges did not violate securities laws. 

However, the same court found Ripple liable for $125 million in August 2024, declaring that institutional XRP sales breached securities regulations. 

The SEC formally appealed the retail sales decision in October 2024, saying Ripple’s marketing created clear profit expectations among investors, satisfying the Howey framework. It was then followed by Ripple’s cross-appeal.

The regulatory agency intensified its fight against Ripple Labs by filing a more detailed appeal last Wednesday, building upon its initial notice of appeal from October.

The Ripple case has also shed light on Gensler’s contentious approach to crypto enforcement. Critics have accused Gensler of using Ripple as a high-profile example to assert regulatory authority over the crypto industry. 

With Gensler stepping down, pro-crypto acting SEC Chair Mark Uyeda is expected to take a more friendly approach than his predecessor, fueling speculation that a settlement could be on the horizon.

Better Markets CEO Dennis Kelleher has a history of vocal opposition to crypto, frequently criticizing the industry’s “lawless business model” and labeling it as a “fraud on the public.” 

Last January, Kelleher sent a strongly worded letter to the SEC, urging it to reject applications for spot Bitcoin exchange-traded funds (ETFs), saying the agency would be making a “grave if not historic mistake.”

Edited by Sebastian Sinclair

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Bitwise Registers Delaware Entity for Potential Dogecoin ETF – Decrypt

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Bitwise Registers Delaware Entity for Potential Dogecoin ETF – Decrypt



Bitwise Asset Management has registered a Dogecoin ETF entity in Delaware, a move that could open future exchange-traded funds centered on the industry’s seminal meme coin.

The asset management firm registered “BITWISE DOGECOIN ETF” as a statutory trust on Wednesday through CSC Delaware Trust Company in Wilmington, according to a filing on Wednesday.

A source familiar with the matter has confirmed with Decrypt by phone that Bitwise is working on a Dogecoin ETF, though details on its progress are sparse and confidential for now. 

Observers note that the Delaware registration only represents an initial administrative step toward what could be an ETF launch.

“This is just a registration for a trust. Assuming it’s real […] it’s still not an official ETF filing with the SEC,” Bloomberg Senior Analyst James Seyffart wrote on X.

Seyffart’s statements indicate that the Delaware filing is preparatory in nature. Despite its legitimacy, the filing may be misconstrued as an ETF proposal. A Delaware statutory trust serves as a legal framework that would enable firms such as Bitwise to launch investment products like ETFs.

A registered trust provides a business with tax benefits, establishes clear governance, and separates any possible ETF assets from the company’s other business activities.

In this case, Bitwise would still need to file a comprehensive application with the SEC before any potential product could come to market.

Bitwise, which manages over $12 billion in crypto assets, has positioned itself and its products as an avenue for institutional crypto adoption. 

The firm has previously signaled interest in expanding its ETF offerings beyond major cryptocurrencies. In October 2024, Bitwise moved to combine its Bitcoin and Ethereum ETF offerings. By November of the same year, the firm had filed for a Solana ETF. 

The Delaware registration follows similar preparatory moves seen before previous crypto ETF applications. Asset managers typically secure business entities ahead of formal SEC filings.

The timing also coincides with increased institutional appetite for crypto exposure through regulated products. Multiple asset managers have filed for various crypto-related ETFs in recent weeks. 

VanEck filed for an “onchain economy” ETF on January 15, while ”protected” Bitcoin ETFs were likewise greenlit by the Securities and Exchange Commission for trading this week.

Edited by Sebastian Sinclair

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The Unparalleled Opportunity in Crypto AI: Role of DeCompute

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The Unparalleled Opportunity in Crypto AI: Role of DeCompute


Decentralized computing serves as the foundational infrastructure for the rapidly expanding Crypto AI ecosystem. By distributing computing power across various networks, it enables more efficient and accessible AI operations. This model relies on GPU marketplaces, decentralized AI training, and inference systems, which collectively transform the way AI models are built and utilized.

Despite the clear advancements in AI and crypto, one major investment opportunity escaped our attention—NVIDIA. Over the past year, NVIDIA’s market capitalization surged from $1 trillion to $3 trillion, driven by an insatiable demand for AI-powered applications. Companies across industries, particularly Big Tech firms, have aggressively acquired GPUs to solidify their positions in the race toward artificial general intelligence (AGI). My mistake was focusing exclusively on the crypto sector without considering the simultaneous evolution of AI technologies. However, this time, I am determined to remain ahead of the curve.

Crypto AI today mirrors the early stages of the California Gold Rush. Entire industries are emerging overnight, technological infrastructure is advancing at an unparalleled rate, and unprecedented opportunities are available for those willing to take the leap. Just as NVIDIA’s meteoric rise now seems obvious in hindsight, the growth of Crypto AI will soon be regarded as an inevitable transformation.

This article delves into four key subsectors that are set to define the future of Crypto AI:

Decentralized Compute – The backbone of AI model development, encompassing GPU marketplaces, decentralized training, and inference networks.

Data Networks – Systems that facilitate the accessibility and integrity of open-source data.

Verifiable AI – Mechanisms that ensure transparency, trust, and security in AI outputs.

On-Chain AI Agents – Autonomous AI-driven programs that operate directly within blockchain ecosystems.

Each of these areas presents extraordinary potential, and this guide serves as a comprehensive roadmap for understanding and leveraging them.

Understanding the Decentralized AI Stack

The decentralized AI ecosystem comprises multiple interdependent layers, each playing a vital role in ensuring efficient AI development and execution. The process begins with decentralized compute and open data networks, which provide the necessary resources for AI model training. Once models generate outputs, cryptographic verification techniques and economic incentives ensure their integrity. These verified outputs then integrate into on-chain AI agents and consumer applications, forming the final layer of the stack.

This structured approach enables AI developers to tap into specific layers depending on their requirements. Some may utilize decentralized compute for training, while others may rely on verification networks for accuracy assurance. The modularity of blockchain-based AI systems fosters specialization, making the entire ecosystem more efficient and scalable.

Evaluating Market Potential and Timing for Growth

Before delving into each subsector, it is crucial to assess their market viability and technological readiness.

Market Expansion and Disruption

The success of a Crypto AI subsector hinges on whether it disrupts an existing industry or creates an entirely new market. For example, decentralized compute directly challenges the dominance of the $680 billion cloud computing industry, which is projected to expand to $2.5 trillion by 2032. In contrast, AI agents represent an emerging market with no clear historical precedent, making its growth potential harder to quantify.

Timing and Technological Advancements

The rate at which a technology matures significantly impacts its adoption curve. While some innovations, such as Fully Homomorphic Encryption (FHE), remain confined to research labs, others are on the brink of large-scale implementation. Investing in sectors with imminent scalability ensures that resources are directed toward areas with the most potential for immediate impact.

With these considerations in mind, let’s explore each subsector in greater depth.

Decentralized Compute: Building the AI Infrastructure of the Future

Decentralized GPU marketplaces are emerging as a powerful solution to the growing shortage of computational resources. These platforms aggregate underutilized GPU power from small data centers and individual users, providing computing power at significantly reduced costs compared to traditional cloud providers. The core advantages of decentralized GPU networks include:

Cost-Effective Computing Power – By eliminating intermediaries, users can access computing resources at a fraction of the cost associated with traditional cloud services.

Greater Flexibility and Accessibility – Unlike centralized cloud providers, decentralized networks allow users to rent compute resources without long-term contracts, KYC requirements, or restrictive policies.

Censorship Resistance and Open Access – Decentralized networks are not controlled by any single entity, ensuring that all users can access compute power without restrictions.

These networks source computational power from two primary groups:

Enterprise-Grade GPUs: These come from smaller data centers and Bitcoin mining operations seeking to diversify their revenue streams.

Consumer-Grade GPUs: Millions of individual users contribute their computing power in exchange for token incentives, fostering a decentralized supply chain.

On the demand side, decentralized compute currently serves:

AI Researchers and Indie Developers: These users require affordable compute resources for experimentation and prototyping.

AI Startups: Many AI-focused companies need scalable compute solutions without vendor lock-in.

Crypto AI Projects: AI-driven blockchain applications that lack native infrastructure for computation.

Cloud Gaming Services: Although not directly related to AI, cloud gaming relies on GPU resources, contributing to overall demand.

Despite the abundance of supply, the biggest challenge remains demand generation. While token incentives effectively attract suppliers, they do not guarantee sustained demand. The key to success lies in offering a product that is not only cost-effective but also competitive in terms of reliability and performance.

Scaling Challenges in Decentralized Compute Networks

One of the biggest misconceptions about decentralized compute networks is that their primary challenge lies in acquiring more GPUs. In reality, the greatest difficulty is making these networks function efficiently. Unlike traditional cloud computing, decentralized GPU marketplaces require sophisticated load balancing, fault tolerance, latency management, and workload distribution mechanisms to operate at scale.

Startups such as Spheron and Gensyn are actively working to overcome these challenges by implementing:

Reputation-Based Compute Provider Ranking: This system ensures that reliable nodes receive higher priority when workloads are assigned.

Cryptographic Verification Mechanisms: These techniques allow users to verify the authenticity of compute providers and prevent fraudulent behavior.

Service-Level Agreements (SLAs): By offering standardized reliability metrics, decentralized compute networks can become more attractive to enterprise customers.

Decentralized AI Model Training: Overcoming the Barriers to Scalability

Traditional AI training remains concentrated in centralized data centers. However, as AI models scale, these facilities will struggle to meet demand due to space, power, and cost constraints.

The main obstacle to decentralized training is the need for high-speed interconnects between GPUs. AI training requires frequent data synchronization between computing nodes, and slow transfer speeds create performance bottlenecks. To address this issue, researchers are developing new approaches, including:

Local Computation Islands: This method enables training in smaller, isolated clusters before synchronizing results across the network.

Optimized Data Transfer Protocols: Techniques such as Nous Research’s DisTrO reduce the need for continuous communication between GPUs.

Decentralized Gradient Descent Methods: These innovations enable efficient training in distributed environments, reducing reliance on centralized compute clusters.

Conclusion: The Distributed Future of AI Compute

Decentralized computing is not merely an alternative to traditional cloud services—it represents the foundation of an open, transparent, and permissionless AI ecosystem. Whether through GPU marketplaces, decentralized training, or inference networks, the demand for compute will continue to expand at an exponential rate.

As technological breakthroughs make decentralized AI more practical and scalable, this ecosystem will challenge centralized cloud providers and unlock new opportunities for innovation. Those who recognize and embrace this shift today will be at the forefront of the next great technological revolution.



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Crypto to get Trump taskforce, Ross freed, AI coins soar – Decrypt

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Crypto to get Trump taskforce, Ross freed, AI coins soar – Decrypt



Crypto to get Trump taskforce, Ross freed, AI coins soar

Crypto rises as Trump to setup crypto taskforce. Trump pardons Ross Ulbricht. BTC fair value $200k: Bitwise. BTC price to reach multi millions: Armstrong. Coinbase would delist USDT if ordered to. MicroStrategy shareholders allow more BTC buys. Rex shares files for TRUMP, DOGE, BONK ETFs. Texas court reverses Tornado cash sanctions. Trump to converge TradFi and crypto: FT. Banking industry ready for crypto: BofA CEO. Circle buys Hashnote for undisclosed amount. SOL stablecoin supply up 60% since Friday. Justin Sun lays out plan for ‘ETH to $10k’. Jupiter set to airdrop $630m JUP. BTC miners see 3x profit margins. BTC mining saved Texas $18b. Riot Platforms pivots to AI data centers. CLS Global pleads guilty to wash trading. CryptoCom relaunches US exchange. KULR buys another $8m BTC. Finland launches first ever crypto ETPs.



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