Tether announced the upcoming launch of QVAC (QuantumVerse Automatic Computer), a decentralized development platform for locally operating AI agents.
Paolo Ardoino, Tether’s CEO, claimed that the company is aiming for a full launch in Q3 2025. Before this happens, it will also release a few QVAC-based AI apps for general use.
Earlier this month, crypto AI agents staged a massive comeback, and the firm is now revealing its project. Tether’s QVAC is intended to keep the AI space decentralized, empowering individuals to use sophisticated protocols:
A little over a week ago, Tether teased its upcoming peer-to-peer AI platform, which now seems like a reference to QVAC. Ardoino claimed that the company aims for a Q3 2025 release, which may take longer.
Because Tether won’t be fully releasing QVAC for several months at the earliest, there aren’t many details available. However, the company’s statements describe some very ambitious goals.
QVAC will center around AI agents, specifically on developing them for local use. It will use modular architecture to create functional tools that run on personal devices.
Tether was very clear that QVAC’s agents won’t require users to remotely connect with external servers. Even where it employs collaboration, QVAC will focus on peer-to-peer contact with other small-scale developers.
The firm will also launch the first QVAC-based apps “soon,” but it has provided no further details.
This Chinese AI model boasts dramatically lower hardware requirements than its competitors, enabling users to host it locally. DeepSeek can do this for an entire LLM, so Tether hopes to employ QVAC for more niche AI agents.
Hopefully, Tether will continue releasing technical details about QVAC during Q2 before a full launch in Q3. If the company can meet this imposing challenge, it would significantly contribute to global AI development.
The founder of Yescoin, a tap-to-earn game on Telegram, has apparently been arrested by Shanghai law enforcement. The project still hasn’t launched a token, citing delays due to repeated cyberattacks, and the community is growing restless.
Yescoin’s statement assured users that operations would continue as normal, but it gave very few details about the dispute or criminal charges. Hopefully, everyone involved is acting in good faith, and its token launch will happen on March 31.
Today, however, Yescoin has encountered legal trouble, as its pseudonymous founder, Zoroo, was arrested by Shanghai law enforcement:
“We regret to inform you that Zoroo, the founder of Yescoin, has been taken away from Hangzhou by Shanghai police due to a dispute with his business partner, OldWang. What began as a business disagreement between partners has now escalated into a criminal case. We would like to assure everyone that Yescoin continues to operate normally,” the firm claimed.
Other than this statement, very few details about the arrest have come to light. Shanghai is nearly 200 kilometers away from Hangzhou and is in a totally different administrative province, so it’s somewhat surprising that the city’s police arrested Yescoin’s founder.
So far, the community doesn’t have any idea what the criminal charges are about.
Yescoin launched in mid-2024 when the tap-to-earn hype was at its peak. The game has over 4 million followers on X (formerly Twitter) and nearly 3 million subscribers on Telegram.
However, unlike Hamster Kombat and other Telegram mini-games, Yescoin has yet to have its token generation event (TGE). The project cited repeated cyberattacks as the reason for the launch delays but maintains that the token will go live on March 31.
On Yescoin’s initial announcement and other social media posts, users professed skepticism about the alleged arrest. Some fans apparently believe that this incident is an excuse to perpetually delay the launch date or is otherwise somehow fabricated.
In other words, this arrest announcement has riled up the Yescoin community. If further delays happen, it could seriously damage the project’s credibility.
Leading cryptocurrency Bitcoin (BTC) broke above the $95,000 psychological barrier on Thursday, driven by renewed confidence among long-term holders.
With key on-chain metrics pointing to a slowdown in exchange-bound inflows, the coin may soon reclaim the $100,000 price mark.
BTC Poised for Further Gains Amid Low Sell-Offs and Rising Demand
According to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. This currently sits at 19,282 addresses, falling by over 60% over the past month.
This metric, commonly interpreted as a measure of sell-side pressure, suggests that fewer investors are looking to offload their holdings, reinforcing the current bullish sentiment in the BTC market.
Historically, low exchange inflows like this have aligned with periods of strong price performance. Reduced selling activity tightens the coin’s supply on trading platforms, driving up BTC’s value.
Moreover, the spike in BTC’s Taker Buy Sell Ratio on leading cryptocurrency exchange Binance adds to this bullish narrative. In a new report, CryptoQuant analyst Amr Taha noted, “the most recent data point shows a sharp increase to 1.142, the highest level in this range.”
This metric measures the ratio of buy orders executed against sell orders in the futures market. A taker buy-sell ratio below one indicates that more sell orders are being executed, suggesting a shift in market sentiment from bullish to bearish.
When this ratio is above one, there are more buy orders than sell orders. This indicates that more market participants are aggressively buying BTC rather than selling it, suggesting a demand-driven market.
The rising ratio on Binance is particularly significant, as it signals growing demand for the coin on the largest cryptocurrency exchange by trading volume. If this trend holds, BTC’s price could continue to climb.
Bitcoin Eyes $100,000 as Bull Power Gains Momentum
On the technical side, readings from BTC’s Elder-Ray Index confirm the strengthening demand for the coin. On the daily chart, the histogram bars of this indicator have expanded in size over the past few days, highlighting an increasing buildup of buying pressure in the market.
The Elder Ray Index measures the strength of buying and selling pressure in the market, using two key components: Bull Power and Bear Power. When the size of its bars increases and its value is positive, it indicates growing buying pressure. It suggests the market is in an uptrend with increasing strength behind the bullish movement.
If this continues, BTC could smash through the resistance at $98,983, reclaim the $100,000 price mark, and charge toward $101,070.
However, if profit-taking activity resumes, this bullish projection will be invalidated. In that scenario, BTC could resume its downward trend, break below $95,971, and trend to $91,851.
Following this crash, there is widespread fear across the crypto industry of similar events occurring in projects undergoing key phases of development and token unlocking. Among such projects is Pi Network, which recently transitioned to Open Mainnet.
Dr Altcoin, a crypto analyst and advocate for decentralized ethics, relates the OM incident to the Pi Network and calls for stricter regulation.
“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” he tweeted.
Some users defended Pi Network’s fundamentals, highlighting its utility-focused roadmap and avoidance of speculative hype. However, Dr Altcoin doubled down on concerns over a lack of transparency.
“One thing is clear about the PCT, they are not transparent,” he added.
Still, the broader Pi community remains optimistic. The account Pi Open Mainnet, presented as a pioneer, posted a rebuttal citing reasons Pi may avoid OM’s fate. It highlighted Pi’s slow token release strategy and absence of large early-sell events as elements central to that confidence.
“Massive community (35M+ pioneers), steady unlocks, growing utility (.pi domains, dapps), and a clean track record,” they wrote.
Indeed, Pi’s ecosystem is expanding. The integration with Chainlink, new fiat on-ramps, and Pi Ads are creating what the team calls a “virtuous cycle” of adoption and utility, according to Pi Open Mainnet 2025, a senior pioneer’s account.
“These advancements form a virtuous cycle for Pi Network. Easier fiat ramps bring in more users (Pi’s community is already ~60M strong), Pi Ads drive more apps & utility, and Chainlink integration adds trust and interoperability. More users →more utility,” it stated.
With a community reportedly approaching 60 million, many believe the project has a strong user-driven foundation, unlike OM’s more centralized dynamics.
Is This Enough to Prevent OM-Like Fate?
However, not everyone is convinced this will be enough. Mahidhar Crypto, a Pi Coin validator, urged users to withdraw Pi coins from centralized exchanges (CEXs) to prevent price manipulation.
“We have seen what happened to OM—how market makers dumped on users…When you deposit your Pi Coins on CEX, the Market makers will use bots to create artificial buy/sell walls to manipulate prices or Liquidity,” they warned.
This aligns with recent concerns about collusion between market makers and CEXs. Mahidhar also called for the Pi Core Team to scrutinize KYB-verified businesses and avoid listing Pi derivatives on CEXs, citing the risks of leveraged trading on still-maturing assets.
Further fanning skepticism is on-chain behavior tied to OM. Trading Digits, a technical analysis firm, pointed out that the “Pi Cycle Top” indicator, a pattern often signaling market tops, had triggered twice for OM since 2024, the most recent being just two months before its collapse.
(@paoloardoino) May 14, 2025
