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your web3 & AI weekly roundup powered by Leah from OneProfile.ai.

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Bitcoin’s up, Tether’s potential IPO would leapfrog Coca-Cola, and OpenAI’s printing billions.

Meanwhile, the SEC might actually be doing something useful for DeFi (shock), and Meta’s cooking up an AGI lab with Alexandr Wang in the mix.

Let’s unpack the wild week in AI, crypto, and power plays.

As always, we’re using this space to provide you with relevant industry news in the shortest form possible.

Let’s go! @getenzyme

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IN THE SPOTLIGHT
Apple’s AI play: progress or just polishing?

At WWDC 2025, Apple took another swing at its AI suite: now bundled under the ā€œApple Intelligenceā€ brand. While the updates are solid, the reception so far? Lukewarm. With competitors like Google and Microsoft charging ahead, many are asking: is Apple iterating or falling behind?

Among the new features: real-time translation is now baked into Messages, FaceTime, and Phone, offering live captions and spoken translations on the go. Apple’s Genmoji game also leveled up so you can now mix and match emojis, tweak expressions, and generate them from text or photos.

The visual features got a boost too. Image Playground now includes styles like oil painting and vector art, powered by ChatGPT. And Visual Intelligence can scan your screen for content, interact across apps, and respond to contextual queries, all with Apple’s signature privacy-first twist.

In the fitness corner, Apple Intelligence pulls in your workout data to deliver real-time insights, motivational cues, and personalized coaching through dynamic voice feedback. Handy? Definitely. Revolutionary? That’s up for debate.

Developers also got something to play with: direct access to the on-device foundation model means more intelligent, privacy-preserving apps are on the way. Plus, AI-powered Shortcuts can now automate smarter actions, and Reminders auto-sorts tasks from emails and websites.

Yet for all these improvements, it’s hard to ignore the elephant in the room.

Siri’s major update is still delayed, and Apple hasn’t announced any splashy new AI partnerships. Compared to Google’s Gemini push or OpenAI’s growing ecosystem, Apple’s path feels... safer. Maybe too safe.

While Apple Intelligence was the headliner, the new Liquid Design system caught a lot of attention for its smoother animations, rounded elements, and tactile, responsive feel across iOS and macOS. It’s Apple’s attempt to bring a more organic look and feel to software. Think: depth, translucency, and continuity between apps. It's subtle but noticeable, and pairs well with the more personalized AI features. That said, some argue it’s more of a fresh coat of paint than a major UX rethink.

Apple is clearly betting on invisible AI, the kind that just works. But as the AI race heats up, subtlety might not be enough.

SUBSTRATES
What else is on the radar?

WEB3

  • Bitcoin Core devs schedule OP_RETURN change for October, increasing data carrier limit from 80 bytes to ~4MB.

  • Polymarket teams up with X as its official prediction market partner.

  • PumpFun plans to raise $1B through an ICO at a $4B valuation, considering a revenue-sharing model, too.

  • PayPal’s PYUSD hits $1 billion market cap, now ranking in the top 10 DeFi stablecoins by market cap.

  • OpenSea reaches its highest monthly users since 2023.

  • Gemini confidentially files for an IPO.

AI

  • OpenAI releases o3-pro, the latest model that solves complex scientific, mathematical and coding tasks while it doubles the rate limits for Plus users and dropping the price of o3 by 80%. Moreover, the team updates ChatGPT’s voice features, now sounding more expressive and natural.

  • Google debuts Veo 3 Fast, now generating videos 2x faster while maintaining a 720p resolution.

  • Apple publishes ā€˜The Illusion of Thinking’, research paper showing that reasoning models ā€˜face a complete accuracy collapse beyond certain complexities’, mostly in problems they’ve never encountered before.

  • Mistral AI releases Magistral, first family of reasoning AI models with lightning-fast, multilingual problem-solving capabilities.

  • Starbucks launches Green DotAssist, an AI-driven tool built on Microsoft Azure and OpenAI to help baristas prepare drinks faster and consistently.

  • The prominent national security expert Richard Fontaine joins Anthropic’s team.

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Visual of the week: How big is Bitcoin?

SCOOPS OF THE WEEK

And that’s it for the week - not so short but sweet.

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