ASI (Fetch.ai) news

The U.S. Senate rejected the AI‑regulation moratorium contained in the Big Beautiful Bill with a 99‑1 vote, thereby stripping the GOP proposal of a 10‑year ban on state regulation of artificial intelligence. The decision prompted a sharp sell‑off in AI‑related cryptoassets, with prices touching a 10% drop and market capitalization and trade volume falling over 5% in a single day. Market sentiment had already been subdued, so the extent to which the bill’s removal accounts for the decline versus broader macro‑fluctuations remains uncertain. Pro‑crypto lawmakers who had championed the moratorium abandoned the initiative, and the lone supportive vote came from Senator Thom Tillis, who has announced he will not seek re‑election. Analysts note that overall trade volumes for AI tokens fell more than 38% over the past month, and lingering regulatory doubts may temper long‑term growth prospects.

Fetch.ai’s native token FET surged over 7 % to $0.70 after the foundation announced a $50 million buyback across major exchanges, signaling confidence in its AI platform and the ASI‑1 large‑language model. The move coincided with a $45 million USDT transfer from market maker DWF Labs, providing additional institutional backing. Traders noted that the price jump came as FET touched a key support zone on its lower Bollinger Band, raising hopes of a rebound. While some analysts point to the buyback as a bullish fundamental that reduces supply, recent Messari research cautions that poorly timed token buybacks can be inefficient and fail to sustain price gains. Nonetheless, the announcement has boosted FET’s performance above most of the top 30 AI crypto assets.

TRNR Sports announced it will launch a U.S. crypto treasury, targeting up to $500 million to acquire FET tokens from Fetch.ai. The first phase used a $55 million investment from ATW Partners and DWF Labs, with BitGo selected to custody and trade the tokens. Executives say the treasury will provide financial flexibility, boost AI‑driven digital‑fitness projects, and give shareholders exposure to growth assets, while Fetch.ai will help build an AI training platform. FET fell 6.9% to $0.75 despite being the fourth‑largest AI token, but analysts suggest it could rally to $1 as support holds. TRNR’s shares surged briefly after the news and then dropped 21.3% to $0.91, reflecting a typical pump‑and‑dump pattern.

Interactive Strength, a publicly traded fitness‑tech company, has announced a targeted crypto treasury initiative to buy up to $500 million of Fetch.ai (FET) tokens, choosing the blockchain‑based AI platform over the more common Bitcoin allocation. CEO Trent Ward said the decision reflects a focus on utility, tying the token to the firm’s AI‑powered fitness product roadmap. An initial $55 million investment from private‑equity firm ATW Partners and crypto market maker DWF Labs will fund the first round of open‑market purchases. Interactive Strength plans to acquire FET in stages, issuing additional shares over time to finance further buys. Ward noted that improved U.S. regulatory clarity and rising corporate interest in crypto treasuries make the strategy more viable, and the company intends to leverage Fetch.ai’s technology to enhance its equipment and digital training offerings.

Interactive Strength (TRNR) has announced plans to launch the first AI‑driven crypto treasury, beginning with the purchase of $500 million worth of Fetch.ai (FET) tokens on the open market. The firm has already begun building its token position, backed by an initial $55 million investment from ATW Partners and crypto market maker DWF Labs, and will use BitGo for trading and custody services. The move has boosted FET’s price by more than 3 % to about $0.82 and lifted TRNR’s own stock by over 12 % to $0.89. TRNR cited Fetch.ai’s leadership in combining artificial intelligence and blockchain as the reason for the purchase, noting that the acquisition could accelerate value creation for shareholders and enable collaboration on AI‑powered personal training and other digital fitness services. Fetch.ai will leverage its decentralized AI agents, which are already used in sectors such as healthcare, energy and logistics, to power the partnership’s new features.

Crypto whales are accumulating Ethereum, FET, and XCN in anticipation of a May 2025 rebound. Ethereum whale holdings (1,000–10,000 ETH) grew to 5,460; the token is down 19% in 30 days and could test $1,535 support. FET whale numbers rose from 572 to 586, with resistance around $0.659 that could lift the price to $0.82, or drop to $0.44 if momentum stalls. XCN whale stakes (1–10 million) climbed to 541 after a 57% monthly gain and a 19% recent dip, with support at $0.0165 and possible upside to $0.027. While large‑holder buying can stabilize prices, it also accentuates centralization concerns and risk of profit‑taking that may force slides or breakout.

In a compelling evening that brought together Web3 leaders, technologists, and innovators, Decentral House welcomed over 100 participants for a deep dive into the convergence of AI and blockchain, two of the most transformative technologies shaping the future.

First week of April 2025 sees the crypto market enter Q2, with investors and traders hoping for a shift from bearish to bullish momentum as altcoins struggle to recover from recent losses. THORChain (RUNE) is trading near $1.117, just above its $1.110 support; the 3.4.0 upgrade scheduled this week could help it regain the $1.198 level and lift the price toward $1.396, but a break below $1.110 risks falling to $1.021 and near the critical $1.000 mark. FET has dropped 20% to $0.452 after losing its $0.458 support, yet an upcoming mainnet upgrade may push it toward $0.524 or $0.572; prolonged bearish pressure could push the token down to $0.400. Ethereum (ETH) is close to a 17‑month low of $1,745 following a 13.42% decline and a failed attempt to breach $2,141; a rebound could occur if it holds the $1,862 support, potentially breaking $2,000, while a further decline may see it test $1,625 and introduce deeper losses. Overall, the three tokens present short‑term growth potential but must maintain key support levels to avoid validating bearish trends and triggering additional losses.

Crypto AI agents’ market cap fell 13% in 24 hours to about $6.6 B. The sector’s largest tokens, VIRTUAL, AI16Z, and FARTCOIN, lost 40‑61% last week, and all 10 top coins reported weekly declines. Solana remains the leading chain, with AI‑related coins worth $3.2 B, but its value dropped 18.6% recently, while Base follows at $2.7 B and other chains only $1.2 B. New agent launches have stalled, adding just 13 projects in the past month after an early 11% increase, and engagement has fallen 60% as smart account interactions dropped from 19k to 7.5k. With investor interest and activity waning, the sector faces an uphill battle to recover unless a decisive catalyst emerges.

The Artificial Superintelligence Alliance token (FET) slumped 34 percent, its biggest drop in months and confirming a three‑month‑old forecast of a correction. Realized losses for holders spiked to record highs, driving a wave of sell‑offs and a predominantly bearish market sentiment. In contrast, whale accounts between 1 million and 100 million FET added roughly 92 million tokens—about $70.8 million—indicating confidence in a future rebound. The price breached the $1.19 support, falling to $0.77, a move that aligns with a head‑and‑shoulder pattern predicting a 43.6 percent decline to $0.73. It is now hovering just above the $0.76 floor; holding this support could signal a bottom and a potential recovery, but a breach could force the price toward $0.64, extinguishing bullish hopes.