July 22nd, 2025 – San Jose, California

As AI continues to reshape the digital frontier, a new paradigm is emerging–not just smarter tools, but sovereign, autonomous AI Beings that live, learn, and evolve on-chain.

CARV, the Web3 infrastructure stack known for its decentralized identity and verifiable data layers, is doubling down on this vision with the recent launch of its new roadmap, signaling a shift from data infrastructure to full-stack agent ecosystems. The goal? To create a biosphere where AI is not merely an assistant, but a digital species able to participate with full independence.

In alignment with this transformative roadmap, CARV has teamed up with Fair3 to co-host the Tech Fairness Hackathon, now entering its voting phase with over 683 participants. With $50,000 prize pool, the hackathon challenges builders to create AI applications that leverage CARV’s infrastructure, including the CARV SVM Chain, D.A.T.A. Framework, and ERC-7231-based Agent ID system. These components provide the digital organs AI Beings need: verifiable identity, consent-based data, real-time execution, and on-chain incentives. The hackathon is not a side quest; it’s a proving ground for the agent economies that CARV envisions.

At the core of this initiative is the belief that intelligence must evolve from passive tooling into active agency. Today, most AI implementations serve at the command of users, generating text, answering queries, or optimizing recommendations. But what happens when AI earns income, governs its own upgrades, or negotiates with other agents? That’s the future CARV is designing for, and it’s already in motion.

This future also ties directly into macro developments. President Donald Trump introduced and signed the GENIUS Act (Government Encouraging New Ideas to Understand Superintelligence Act), a sweeping U.S. initiative that frames AI as a national security priority. The proposed legislation calls for massive federal investment into foundational AI research, ethical frameworks, and a push to ensure American leadership in superintelligence. The act reflects what many in Web3 already see: AI is no longer a feature, it is becoming the next layer of governance in digital life.

But if the GENIUS Act represents the top-down, state-led approach to shaping AI’s future, CARV stands for the bottom-up counterforce: decentralized, user-sovereign, programmable intelligence that no single entity can control. Where governments aim to regulate and monopolize, CARV invites open collaboration. Where closed models dominate, CARV offers composability. And where centralized systems extract user data, CARV lets users monetize and control it.

CARV’s commitment to this future is already validated by real-world momentum. In Q2 2025, the project secured 12 new partnerships across AI, infrastructure, and consumer verticals, signaling its expansion beyond data plumbing into full-fledged agent ecosystems.

On the infrastructure side, Open Ledger is enabling users to monetize their data contributions for AI training and usage, while Boom is creating smart loyalty and referral mechanics integrated into CARV Play. On the AI front, integrations with Unibase, SirenAI, and XPIN now bring verifiable and privacy-preserving data flows to decentralized AI applications, from communication protocols to contextual analysis.

Meanwhile, consumer-facing partnerships like World 3, EureXa AI, and OKZOO demonstrate how CARV’s infrastructure can power intelligent agents in gaming, smart homes, and even AI-powered pets. In education, Hooked, a Binance Labs-backed platform, is exploring CARV ID for verifiable learning credentials, showing how decentralized identity is becoming essential in AI-augmented learning.

These integrations validate CARV’s foundational thesis: that to empower truly sovereign AI Beings, the ecosystem must deliver composable identity, encrypted context, real-time decisioning, and transparent incentives. This is no longer just infrastructure, it’s an operating system for AI Beings.

As the Tech Fairness Hackathon nears its conclusion, it is more than a showcase of ideas, it is a manifestation of CARV’s roadmap in action. Builders aren’t just competing for prizes; they’re shaping what it means to build with AI in a world where intelligence is verifiable, autonomous, and decentralized.

And as regulatory landscapes evolve, from the GENIUS Act to international AI treaties, CARV offers a compelling answer: don’t just govern AI. Empower it to live. Because the future isn’t tool-centric; it’s agent-driven. The rise of AI Beings has already begun and CARV is paving the way for it.

About CARV

CARV is where Sovereign AI Beings live, learn, and evolve.

What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals.

Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system (ERC-7231), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life.

With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3.

X (Twitter): https://x.com/carv_official

Discord: https://discord.com/invite/carv

Telegram: https://t.me/carv_official_global

Whitepaper: https://docs.carv.io/

Contact

COO
Victor Yu
CARV
vito@carv.io

The U.S. Senate voted Monday to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a bill aimed at regulating stablecoins, following a 66-32 procedural vote.

The legislation, introduced by Sen. Bill Hagerty (R-Tenn.), seeks to establish a federal framework for stablecoin issuers, requiring full asset backing, monthly reserve disclosures, and annual audits for issuers exceeding $50 billion in market capitalization.

The bill also restricts algorithmic stablecoins and prohibits large technology firms from issuing stablecoins unless they meet financial risk and consumer privacy criteria.

The vote comes two weeks after Senate Democrats blocked the measure, citing concerns over consumer protections and potential conflicts of interest related to President Donald Trump’s cryptocurrency ventures.

“The bill as it currently stands still has numerous issues that must be addressed, including adding stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don’t meet the act’s requirements.”

Several Democratic senators later changed their stance, allowing the bill to proceed to debate on the Senate floor.

The GENIUS Act is expected to face further amendments before a final vote, which could take place as early as the end of the week. If enacted, the bill would mark the first federal regulatory framework for stablecoins, a sector currently valued at nearly $250 billion.

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The update suggests that 21Shares is actively engaging with the SEC, possibly incorporating regulatory feedback or strengthening its case for approval.

If approved, the Polkadot ETF would trade on the Cboe BZX Exchange, with Coinbase as the custodian of the DOT holdings.

This move aligns with broader industry efforts to introduce crypto-based ETFs. On Feb. 25, Grayscale also filed for a spot Polkadot ETF through Nasdaq.

Alongside its Polkadot proposal, 21Shares has recently filed for ETFs tracking Ripple (XRP) and Solana (SOL), adding to its existing Bitcoin (BTC) and Ethereum (ETH) ETF offerings.

The Market Implications of a Polkadot ETF

Introducing a spot Polkadot ETF could have significant implications for institutional and retail investors.

As Polkadot aims to be the leading multi-chain interoperability protocol, increased institutional adoption through an ETF could enhance its market position and long-term viability.

However, despite its technological promise, Polkadot has struggled with price volatility and investor uncertainty.

According to CoinGecko data, DOT has faced a 56.0% decline over the past year and a 2.9% drop in the last month.

21Shares acknowledged this risk in its SEC filing, stating that the ETF’s performance would be directly tied to Polkadot’s market movements.

Bloomberg ETF analyst James Seyffart shared a similar sentiment, emphasizing that the success of such an ETF will depend on investor demand.

“The market will decide where value lies and if there’s value in launching such a product. If no one puts money into a Polkadot ETF, it will close,” he stated.

Beyond price performance, regulatory uncertainties add another layer of complexity.

The SEC has yet to clarify whether DOT should be classified as a security under U.S. law.

In response, the Web3 Foundation, which oversees Polkadot’s development, has taken proactive steps to ensure DOT remains a decentralized asset and avoids excessive control by any single entity.

These efforts include rejecting investment-only purchases from venture capitalists and focusing on promoting Polkadot’s technology rather than its token value.

Polkadot 2.0 and SEC’s Shifting Stance

Another crucial factor influencing DOT’s future is the upcoming launch of Polkadot 2.0, a major network upgrade expected in Q1 of this year.

This upgrade aims to enhance the protocol’s scalability and developer accessibility, potentially increasing adoption and driving long-term growth.

An early testnet version is already available on the Kusama network, allowing developers to experiment with its new features.

The SEC’s stance on cryptocurrency ETFs is also evolving, particularly due to regulatory changes and leadership shifts.

The resignation of SEC Chair Gary Gensler on Jan. 20 has paved the way for renewed optimism in the crypto investment sector.

Gensler was known for his cautious approach to digital asset regulations, and his departure has coincided with a surge in ETF filings.

For instance, Osprey Funds and REX Shares recently filed for ETFs tracking meme coins like Dogecoin (DOGE), Official Trump (TRUMP), and Bonk (BONK).

Additionally, the SEC has granted initial approval for Bitwise Asset Management’s Bitcoin and Ethereum ETF, which combines exposure to both BTC and ETH in a single fund.

Meanwhile, 21Shares is also pushing its crypto ETF innovation with its proposal to integrate staking within Ethereum ETF.

The firm recently requested that the SEC allow the staking of Ethereum held by the ETF’s trust.

If approved, this could set a precedent for future ETFs incorporating staking rewards, adding a yield component for investors.

With regulatory dynamics shifting and asset managers doubling down on crypto ETF applications, this represents a key moment in the expanding institutionalization of digital assets.

Whether the SEC grants approval remains uncertain, but the growing momentum behind crypto ETFs indicates that regulated investment vehicles for a wider range of digital assets are becoming increasingly viable.

The post 21Shares Advances Polkadot ETF Plans with Updated SEC Filing appeared first on Cryptonews.

The following is a guest post and opinion of Innokenty Isers, Chief Executive Officer at Paybis.

After years of uncertainty, stablecoin regulation is finally gaining momentum on Capitol Hill. Three competing bills—the GENIUS Act, the STABLE Act, and an unnamed proposal from Rep. Maxine Waters (D-CA)—are vying to define the future of digital dollars in the U.S. This long-overdue push for clear rules could determine whether stablecoins could become a mainstream financial tool or remain stuck in regulatory limbo.

Earlier this month, the Senate Banking Committee advanced the GENIUS Act with an 18–6 bipartisan vote, marking the most significant step toward a federal framework for stablecoins. The bill defines a “payment stablecoin” as any crypto asset used for payments or settlements, where the issuer is obligated to redeem it for a fixed amount of U.S. dollars. 

Both GENIUS ACT and STABLE ACT establish the first federal licensing frameworks for stablecoins in the U.S. The GENIUS Act, establishes licensing, reserve, and disclosure requirements while prioritizing consumer claims in bankruptcy. It regulates both bank and nonbank stablecoin issuers, balancing state and federal oversight.

Issuers exceeding a $10 billion market cap, like Tether and Circle, must comply with OCC and Federal Reserve regulations, while smaller issuers can opt for state-level oversight.

However, a key distinction here is that the STABLE Act enforces a two-year moratorium on issuing new “endogenously collateralized stablecoins”—those backed solely by other digital assets—unless they existed before the bill’s passage.

As Washington moves forward with regulatory efforts, the U.S. stablecoin industry is undergoing important changes. If these regulations are enacted, they could play a meaningful role in shaping the broader economy. 

Stablecoins as a Digital Extension of the U.S. Dollar

Notably — the GENIUS ACT designates payment stablecoin issuers as financial institutions under the Gramm-Leach-Bliley Act, requiring them to uphold customer privacy and protect nonpublic personal information.

Under the GENIUS ACT, stablecoins that receive regulatory approval will need to be backed by high-quality liquid US assets –treasury bills and insured deposits.

The dual regulatory framework established by these bills are crucial. By balancing federal and state-level oversight, the legislation allows industry players to innovate at their own pace while maintaining regulatory safeguards.

Beyond that, in recent months, traditional financial institutions have increasingly acknowledged the role of stablecoins, with companies like Stripe and Bank of America exploring their integration. Clear regulations will help reduce risks and facilitate adoption, contributing to a stronger financial infrastructure around the US dollar.

Implications for USD Dominance

Under the new regulations, any issuer operating in the U.S. market must back its stablecoin with dollar-denominated reserves. This means that many large-scale issuers will now have to convert their assets into dollar-denominated capital and reserves. So, by default, it will lead to increased adoption and reliance on USD. 

As global demand grows, the US government can make sure that any crypto or stablecoin ecosystem developed in the country remains closely tied to USD. This alignment can help prevent foreign stablecoins or digital currencies from diminishing the dollar’s role in international trade.

If the US creates an environment where digital dollars are both innovative and secure, global investors and companies may favor US-based stablecoin issuers. Enhanced interoperability standards, as outlined in the legislation, could drive smoother cross-border transactions and integration into international payment networks. 

In the long run, this could shift market liquidity toward US-backed stablecoins, further solidifying the dollar’s dominance. Critics have warned that lax oversight could enable Big Tech to potentially privatize the dollar. However, by enshrining strict reserve and transparency standards, the bill minimizes this risk. 

What lies ahead? 

The GENIUS Act brings stablecoins closer to mainstream financial integration, boosting demand for U.S. Treasury bills. When these bills are passed in the near term, they will likely cause a surge in institutional adoption. More traditional banks and payment providers will offer stablecoin services, and we will see more settlement and liquidity management through stablecoins. So, the stablecoin market cap will only become bigger as domestic usage surges in the US. 

Once the stablecoin framework is in place, we could see the emergence of ancillary services – such as digital wallets, custody solutions, and interoperable payment networks. These services will further enhance the usability of US-backed stablecoins. These developments would create a broader ecosystem around the digital dollar.

Over time, the US stablecoin market can reduce transaction friction and lower costs for cross-border payments. It could lead to higher velocity in digital transactions and broader financial inclusion, reinforcing the dollar’s utility. 

The ability of US regulation to set global standards could also indirectly pressure other nations to align with US practices – further strengthening dollar dominance.

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The Arizona Senate took a significant step toward modernizing state finance by advancing two crypto reserve bills that could lead to state-managed digital asset funds on Feb. 27.

Lawmakers have argued that creating a dedicated crypto reserve prepares Arizona for an inevitable federal regulatory framework and positions the state to harness emerging financial technologies to safeguard public funds amid a volatile economic landscape.

Arizona’s crypto bills

The legislature approved the Strategic Digital Assets Reserve bill (SB 1373) on its third reading by a 17–12 vote. Sponsored by Republican Sen. Mark Finchem, the measure would create a Digital Assets Strategic Reserve Fund managed by the state treasurer.

The fund would combine state-appropriated dollars with digital assets seized by law enforcement while limiting investments to no more than 10% of total deposits in any fiscal year. Under the proposal, the treasurer could also loan digital assets to generate returns, provided that such actions do not elevate financial risk.

Meanwhile, a second measure — the Strategic Bitcoin Reserve Act (SB 1025) — received a 17–11 vote. Co-sponsored by Republican Sen. Wendy Rogers and Rep. Jeff Weninger, the proposal aims to empower public funds to invest directly in cryptocurrencies.

Both bills now advance to the state House for further debate.

Legislative race

Arizona’s legislative push is part of a broader national trend as states explore ways to integrate digital assets into public finance. Several states have crypto reserve proposals pending in their states, with Utah and Texas among those making significant progress.

Lawmakers in Utah have successfully passed crucial votes and committee reviews for their crypto reserve bill, positioning it closer to a final vote and eventual approval. Meanwhile, Texas has also progressed — with Senate Bill 21 recently passing its senate banking committee vote — to create a strategic Bitcoin reserve.

In contrast, similar initiatives in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania have been rejected, reflecting a mixed approach across the nation.

Proponents argue that establishing state-managed digital reserves is a proactive strategy to modernize public finance and build resilience amid economic volatility. However, critics have cautioned that the inherent risks of the crypto market require a careful and measured approach.

As debates continue at both the state and national levels, the outcomes in Utah, Arizona, Texas, and other key states may set important precedents for how digital assets are managed in public finance, potentially influencing future federal legislation.

Traditional financial giants Bank of America and PayPal are making bold moves in the stablecoin sector, signaling the rising institutional interest in the sector, which is worth over $200 billion.

On Feb. 26, reports emerged that the Bank of America would introduce a stablecoin once the US regulatory landscape became apparent.

At the same time, PayPal revealed that it was working to expand the role of its PYUSD stablecoin within its payment ecosystem.

Bank of America’s stablecoin ambitions

Brian Moynihan, President of Bank of America, has hinted at the bank’s potential entry into the stablecoin market.

He acknowledged that stablecoins function similarly to money market funds or bank accounts with check access. According to Moynihan, regulatory approval remains the primary barrier to launching a USD-pegged stablecoin.

He reportedly said:

“If they make that legal, we will go into that business.”

His statement reflects the bank’s readiness to enter the sector once regulations permit. He also suggested that a future “BofA coin” could be tied to dollar deposit accounts, though he questioned its broader utility.

Moynihan’s statement is unsurprising, considering he had previously said that the US banking industry would embrace cryptocurrencies for payments if regulators allow it.

Bank of America is the second-largest bank in the United States, with total assets of $2.57 trillion.

PayPal’s PYUSD expansion

On the other hand, PayPal is actively working to integrate PYUSD into its payment ecosystem to boost its adoption.

Michelle Gill, a PayPal executive, detailed plans to embed the stablecoin deeper into its platform by enabling merchants to use PYUSD for vendor payments through PayPal’s network.

Beyond that, the company would also focus on incorporating PYUSD for international payments.

The executive explained that PayPal aims to eliminate currency conversion complexities and reduce transaction delays that plague the traditional system by integrating PYUSD into its cross-border payment system.

According to Gill:

“A lot of the payments we’re expecting are going to be cross-border because merchants in the US are seeking to pay vendors and suppliers abroad. The thesis was: Can we facilitate that on PYUSD rails so as not to have the currency conversion, the friction, as well as time?”

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