Cryptocurrency can accelerate artificial intelligence adoption by helping AI startups onboard users, according to Polygon’s co-founder Sandeep Nailwal.

“You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal said during a panel discussion at the LONGITUDE by Cointelegraph event.

He added that projects with effective onchain incentive structures might even “build a better AI because you have this incentive engine that brings in developers,” Nailwal said on May 1.

Cointelegraph’s LONGITUDE is an event series that brings together leaders and innovators from the blockchain and Web3 space for exclusive discussions.

Joining the panel, Illia Polosukhin, co-founder of the Near Protocol, expanded on crypto’s long-term synergy with AI, forecasting that crypto-native AI agents could replace traditional web application front-ends as the primary user interfaces for Web3.

“We don’t need applications or websites anymore. Your AI becomes the interface to computing and the internet,” Polosukhin said.

Sandeep Nailwal and Illia Polosukhin speaking at Cointelegraph’s LONGITUDE in Dubai. Source: Cointelegraph

Related: AI memecoins will become utility tokens

However, Nailwal cautioned that the rise of AI-related tokens onchain has also attracted a wave of opportunistic scams. “We know that 99% of those projects are literally token scams, but very few projects are actually trying to have some meaningful AI project,” he said. 

The era of Web3 AI agents

AI agents are expected to take on a more prominent role within decentralized communities, J.D. Seraphine, co-founder of Web3 developer Raiinmaker, recently told Cointelegraph. 

According to a report by VanEck, over 1 million AI agents could enter the market in 2025, with many of them tied to decentralized finance applications. Such agents are already reshaping the digital economy, building decentralized applications, launching tokens, and interacting with humans autonomously. 

AI token cumulative market cap. Source: CoinGecko

“AI is an extremely centralizing force. A few companies could become the warlords of the world,” Nailwal said. 

“That’s why crypto-native, peer-to-peer AI solutions are so important—they enable privacy-preserving innovation,” Polosukhin said.

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Key takeaways:

Bitcoin could reach $150,000 by August or September of this year if BTC breaks above the parabolic slope pattern.

Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting.

Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing that BTC’s price momentum continues to favor bullish trends.

Bitcoin aggregated liquidation heatmap. Source: X.com

Peter Brandt predicts a $150K Bitcoin top by Q3

In a recent post on X, veteran trader Peter Brandt forecasted a Bitcoin price rally, potentially reaching $125,000 to $150,000 by August or September 2025. The trader predicted a parabolic arc pattern in Bitcoin’s price chart—a technical formation often signaling rapid rises followed by sharp corrections, as seen in the 2017 Bitcoin surge.

Bitcoin 1-week analysis by Peter Brandt. Source: X.com

Brandt noted that Bitcoin must reclaim its broken parabolic slope to achieve the above target. However, he cautioned that a 50%+ correction could follow the peak, reflecting the pattern’s characteristic volatility.

From an onchain perspective, Bitcoin researcher Axel Adler Jr. pointed out that Bitcoin is on the cusp of a “start” rally zone. The analyst underlined three scenarios, with the optimistic (bull) case outlining a price target above $150,000. Adler Jr. added,

“If the Ratio breaks through 1.0 and holds above it, the NUPL/MVRV metrics will show a new impulse, and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.”Bitcoin Composite Index. Source: CryptoQuant

In a baseline scenario, BTC’s price may consolidate within a $90,000 to $110,000 range if new capital inflows remain limited and existing investors do not increase their positions.

Lastly, a bearish case could unfold if further profit-taking from short-term holders takes place, leading to a correction down to $85,000-$70,000.

Over the past two weeks, Bitcoin has displayed a consistent breakout pattern, surging 13% before entering sideways consolidation, then breaking out again to reach $93,000–$96,000.

BTC is currently breaking out of its existing resistance range. Still, as shown in the chart below, a significant volume cluster between $96,000 and $99,000 suggests a phase of consolidation before Bitcoin can test the $100,000 mark.

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

Related: Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company’s decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins.

Speaking to Cointelegraph at the Token2049 conference in Dubai, Ardoino reiterated that Tether had no plans to apply for its US dollar-pegged stablecoin USDt — the largest by market capitalization — to be compliant under MiCA in European countries, potentially forcing exchanges to delist the stablecoin. He added that though crypto firms had to follow regulations, there was a “fear of compliance” among companies in the EU.

“[…] MiCA license is very dangerous when it comes to stablecoins, and I believe that is even more dangerous for the small, medium banking system in Europe,” said the Tether CEO, adding that banks in the region could “go belly up” in the next few years thanks to MiCA’s requirements, such as keeping 60% of stablecoins reserves in insured cash deposits in European banks. Ardoino added:

“I decided to not apply to the MiCA license because I need to protect the 400 million+ users that we have around the world. They are not as lucky as Europeans. I love Europe, but I think that unfortunately European Central Bank is more interested [in pushing] the digital euro as a way to control people and control how they spend their money.”

Related: Paolo Ardoino: Competitors and politicians intend to ‘kill Tether’

After years of planning and research, EU officials began to implement requirements under MiCA in December 2024. Tether, which is regulated and headquartered in El Salvador, is required to comply with MiCA regulatory requirements if offering products or services in EU member states.

Since the regulations went into effect, many crypto exchanges acted to ensure their platforms listed MiCA-compliant tokens. Kraken delisted 5 stablecoins, including USDt, and Crypto.com announced plans to delist 10 stablecoins as of January.

On nations establishing crypto reserves

Speaking on its intentions for operating in the United States, Ardoino said the country “would require a different type of product,” given the competition with local stablecoin issuers. He added that the US’s and other countries’ efforts to establish a Bitcoin (BTC) stockpile were “just inevitable.”

“In the medium to long term, the more Bitcoin education, the more companies will set the example […] then everyone else will follow,” said the Tether CEO. “It’s never too late to buy Bitcoin.”

Ardoino’s statements came the same day that Tether announced roughly $120 billion in exposure to US Treasurys as of the first quarter of 2025. As of May 1, USDt had a market capitalization of roughly $149 billion.

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