Cryptocurrency
PIN AI secures $10M from a16z CSX, Hack VC, and All-Star angels to launch open platform for personal AI

[PRESS RELEASE – San Francisco, United States, September 9th, 2024]
Innovative startup from Ethereum Core research, Google Brain, Stanford, MIT, and CMU aims to democratize on-device intelligence, empowering users with control over their personal AI, and receiving investment from a16z CSX, Hack VC, and investors from projects like Solana, Polygon, Near, Worldcoin, etc.
PIN AI, a pioneering AI infrastructure company, announces $10 million in pre-seed funding to develop the world’s first open-source Personal Intelligence Network (PIN). A16z CSX, Hack VC, and notable investors, including Blockchain Builders Fund (Stanford Blockchain Accelerator), Illia Polosukhin (Transformer paper author; Founder, NEAR Protocol), Anagram/Lily Liu (President, SOL Foundation), Symbolic Capital (Co-Founder, Polygon), Evan Cheng (CEO, Mysten Labs/SUI), dcbuilder (Worldcoin Foundation), Foresight Ventures (parent company of the Block), Nomad Capital, Tim Shi (Co-Founder, Cresta), Ben Fisch (CEO, Espresso), Scott Moore (Co-Founder, Gitcoin), Alumni Ventures, and Dispersion Capital, have backed the project.
Offering an open-source, web3-enabled alternative to Apple Intelligence, PIN AI’s platform turns smartphones into privacy-focused AI personal assistants. By redirecting profits from users’ data and attention, it empowers users to regain control and monetize their data. The platform leverages personal, contextual data and cryptography, deploying cutting-edge AI models on-device to handle tasks across apps—like shopping, ordering food, wealth management, and interacting with centralized exchanges, DeFi, and prediction markets.
This AI-driven assistant ensures robust privacy and user-controlled data management, disrupting ultra-profitable models of web2 giants, including Apple’s 30% app revenue cut (over $100 billion) and Google’s mobile ads and Android store revenue cuts.
Davide Crapis, Co-Founder leading Protocol Research, said, “We’re building a movement towards an open-source future where personal AI assistants can work on PIN AI’s platform like smart contracts on Ethereum.” He added, “PIN AI will take back the $100b+ profit from tech giants and return it to users, allowing them to control and monetize their data. Our platform offers access to a wider range of AI agents, developed by the open-source community, capable of handling tasks across popular apps.”
PIN AI’s mission is to foster innovation for personal AI agents by offering access to personal, contextual data that reflects individual users’ needs and preferences. Unlike closed ecosystems like Apple, PIN AI’s open platform connects privacy-protected user data via a Layer-2 blockchain. This enables more flexibility in AI application development without the constraints of traditional, closed systems.
Bill Sun, Co-Founder and Chief Scientist, said, “On-device multi-modality models will revolutionize daily life. We are building a personal index for each user to create an on-device model that evolves via distributed training on the user’s phone. Soon, users won’t need to open multiple apps to complete tasks. The personal AI assistant will understand preferences and manage tasks efficiently.” PIN AI’s assistant will connect users with apps and services bidding on its blockchain protocol to fulfill tasks like shopping or crypto activities.
PIN AI shifts data monetization from big tech to users, allowing secure monetization of personal data. Users receive token incentives through data onboarding and intent fulfillment, only providing necessary data with matched Personal AI Agents, while maintaining control of their information.
At launch, PIN AI partners with Worldcoin and is developing a front-end product similar to Siri, expanding its reach and enhancing user experience.
Leading the team are co-founders Davide Crapis and Ben Wu. Crapis, formerly of Ethereum Core Research, leads Protocol Research. Ben Wu, heading Strategy, is an MIT graduate, Y Combinator alum, and serial entrepreneur. The technical leadership includes Bill Sun, a Stanford AI/Math PhD and early Google Brain researcher, as Chief AI Scientist, and Regan Peng, a CMU graduate and former lead at Didi Fintech and Yahoo Data Infra, as Founding Head of Engineering.
PIN AI collaborates with a16z crypto research, Flashbots, Espresso Systems, and academics from Stanford, Columbia, and NYU. Ben Wu emphasized the importance of an open platform, saying, “The open internet has made large language models possible. We need to build an open platform for users on their trusted device, allowing access to their various data, making their Personal AI possible.” Unlike Apple Intelligence, PIN AI’s system can run on low-spec smartphones by dynamically shifting between edge AI (on-device) and server AI to optimize performance, ensuring wide accessibility.
The funding will expand research, grow the team of AI and blockchain experts, and accelerate the deployment of PIN AI’s technology. The company will join the a16z CSX Fall 2024 cohort in New York City.
About PIN AI
PIN AI is developing an open-source personal AI operating system that leverages smartphone and app data to empower users with control and privacy. The company’s approach aims to connect AI developers with users, promoting data sovereignty and developer empowerment. PIN AI collaborates with Ethereum Core Research and is committed to privacy and innovation.
For more updates, visit pinai.io, X (formerly Twitter), Telegram, Discord, and Linkedin.
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Cryptocurrency
BTC Price Stabilizes After FOMC Meeting as Israel-Iran Conflict Awaits Trump’s Next Move: Your Weekly Crypto Recap

It was another eventful week in the overall scheme of things, but bitcoin and crypto remained relatively resilient and even stable in terms of prices.
It all started last Friday morning when Israel launched a missile attack against Iran, killing over 70 people in the process, including several high-end commanders and nuclear scientists. Given the surprise nature of the attack, it was no wonder that BTC’s price tumbled in response, going from over $108,000 to under $103,000 in minutes.
The situation continued to escalate in the following days, with Iran retaliating and Israel doubling down on its attacks. The US President Donald Trump was vocal on the matter, urging Iran to make a nuclear deal before it’s too late.
Despite the increasing tension, BTC’s price actually recovered some ground and spent the next few days around $104,000-$105,000. It skyrocketed once the business week started and jumped to $109,000 on Tuesday. However, that was a short-lived rally, and its price dropped immediately to $103,500.
The focus turned to the US Fed, which concluded its latest FOMC meeting on Wednesday. To the surprise of no one, it left the interest rates unchanged, and bitcoin’s price remained flat at around $104,000.
On Friday, though, BTC started to gain some traction and spiked above $106,000 for just the second time this week. It currently hovers around that level amid reports that Iran is considering inserting certain limitations on its Uranium program. Such a price tag means that bitcoin is actually slightly up on a weekly scale.
The top performer in this regard from the larger-cap alts is WBT, which set a new all-time high earlier this week. Despite retracing slightly since then, it’s still 45% up weekly. Bitcoin Cash trails behind with a 17% surge, while UNI is third with a 6.6% jump.
In contrast, HYPE has slipped by over 7% in the same timeframe, followed by ADA (-5%), SUI (-5%), and DOT (-6%).
Market Data
Market Cap: $3.406T | 24H Vol: $103B | BTC Dominance: 61.8%
BTC: $106,100 (+1.2%) | ETH: $2,560 (+0.8%) | XRP: $2.17 (+1.5%)
This Week’s Crypto Headlines You Can’t Miss
Justin Sun’s Tron to Go Public in the US: Report. The warm relationship between Tron’s Justin Sun and the current US presidential administration seems to be paying off. According to a recent report, the blockchain project is planning to go public in the US through a reverse merger with SRM Entertainment.
GENIUS Act Clears Senate, Setting the Stage for Stablecoin Oversight. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate with an overwhelming 68 to 30 vote on June 17. The bill now needs to be approved by the House, which is controlled by the Republicans.
Ethereum Breaks Records: 35M ETH Staked, 22.8M Held Long-Term. Although ether’s price has stagnated recently, the token is continuously being staked and transferred to long-term holders, who are less inclined to sell.
Not Enough Bitcoin: What Does The Skyrocketing Ancient BTC Supply Tell Us? The available supply of bitcoin seems to be drying up. According to a recent report by Fidelity, an average of 566 BTC per day is falling into a long-term “ancient supply” bucket, while the daily issuance rate of BTC is just 450.
Bitcoin at $100K Shows Institutional Dominance, Not Retail FOMO. On-chain data reveals that retail investors are still missing, as the smaller transactions are lacking. This means that bitcoin’s price is being supported above $100,000 mostly by institutional players, as the network activity shows primarily large transactions.
They Keep Buying: Strategy, Metaplanet, Genius. It wasn’t really a surprise on Monday when Michael Saylor announced the latest BTC acquisition by Strategy, which is back in the billions of dollars. Before the NASDAQ-listed company, Metaplanet also outlined its latest bitcoin purchase, while Genius Group expanded its BTC holdings by 52% despite some regulatory issues.
Charts
This week, we have a chart analysis of Binance Coin, Ripple, Cardano, Hype, and Solana – click here for the complete price analysis.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Bitcoin Price Analysis: BTC Breakout Looms – Is $100K or $110K Next?

Bitcoin continues to hover in a consolidation range after failing to break above the $110K resistance. The broader market remains uncertain, with spot and derivatives data suggesting mixed sentiment.
As the weekly close approaches, the price action is squeezed between dynamic supports and a persistent supply zone. This phase could precede a significant breakout or breakdown depending on how liquidity behaves in the coming sessions.
By ShayanMarkets
The Daily Chart
On the daily timeframe, BTC has formed a triangle pattern, with almost equal lows near $100,000 and lower highs marking sustained selling pressure. The key trendline support from March remains intact, keeping the price inside the larger ascending channel.
The asset is currently attempting to stabilize near $106K, with the RSI hovering around 51, a neutral level indicating a balanced momentum. If the buyers fail to push above the descending resistance and the $110K supply zone, downside liquidity below $100K may become a target.
The 100 and 200-day moving averages are rising and converging for a bullish crossover, indicating the long-term bullish structure remains intact. However, the fact that BTC has been rejected multiple times from the $110K area makes that zone a critical decision point.
A daily close above it would shift the structure bullish again, while a breakdown below the orange trendline support may accelerate a move toward the lower boundary of the large channel.
The 4-Hour Chart
In the 4H chart, BTC has rebounded from a local low of $103K, leaving a significant pool of liquidity behind. The price is now pushing back into a fair value gap (FVG) in the $106K zone, which is now acting as a supply barrier. Moreover, the RSI is trending higher at 55, showing mild bullish momentum, but the bearish trendline overhead still caps any impulsive move.
A breakout above the FVG with strong volume could open the path to retest $110K. Otherwise, if sellers defend this area again, we may see a sweep below $103K, aiming for the $102K and even $100K liquidation zones. The short-term structure leans slightly bullish, but the market remains range-bound between liquidity pools.
Spot Sentiment Analysis
Spot Taker CVD
The Spot Taker CVD chart over the 90-day view shows a return to aggressive buying dominance (green), following a long period of neutral and sell pressure. This shift indicates that market buyers are stepping back in with confidence, absorbing sell orders at current prices. Historically, when CVD flips green after extended red or grey phases, it precedes upward continuation.
This renewed spot demand suggests that large buyers are positioning themselves during this range phase. If this behavior continues while the price holds above key supports, it could lead to a strong breakout. However, if the CVD starts to flatten or turn red again without price advancing, it may indicate exhaustion and foreshadow another sweep of downside liquidity or even a full-blown bearish reversal.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Ethereum Price Analysis: ETH Consolidation Continues as Bullish Momentum Starts to Fade

Ethereum has entered a consolidation phase after a strong rally in the last couple of months. The price has been ranging between key support and resistance zones, with multiple failed attempts to break above the $2,700–$2,800 region.
Despite the lack of immediate trend continuation, on-chain fundamentals such as exchange reserves hint at significant structural shifts. This sets the stage for potential volatility ahead as the market prepares for its next directional move.
Technical Analysis
By ShayanMarkets
The Daily Chart
On the daily timeframe, ETH remains inside an ascending channel, consistently finding support around the $2,400 area while struggling to break above the $2,800 mark.
The upper boundary of this channel, combined with the 200-day moving average and a key order block formed in February, is acting as a heavy resistance element. Each test of this level has led to a rejection, but so far, the structure hasn’t broken down, indicating that bulls are still in control for now.
Momentum, however, is weakening. The RSI hovers around the midline at 51, reflecting indecision and a lack of strong directional drive. If ETH can reclaim the upper range and flip the $2,700–$2,800 area into support, it could initiate a new leg higher toward $3,000 and above. On the flip side, a breakdown below $2,400 would shift the bias bearish, exposing the $2,150 support zone.
The 4-Hour Chart
Zooming in on the 4H chart, ETH is still grinding within the same rising channel. After the recent drop from $2,875 to $2,430, the price retraced into the 0.5–0.618 Fibonacci zone, but has been rejected to the downside and is now consolidating below it. This area, between $2,600 and $2,700, has repeatedly acted as a supply zone, rejecting bullish attempts multiple times. For short-term traders, this remains the key level to flip.
Until this resistance breaks, ETH may continue its range-bound behavior. The RSI has recovered slightly from oversold conditions, now sitting near 52. While this suggests a slight uptick in momentum, there’s still no clear sign of bullish dominance. If the bulls fail to break above this key fib zone soon, another drop toward the lower boundary of the channel near $2,400 is likely.
Sentiment Analysis
One of the most important long-term signals for Ethereum remains the consistent downtrend in exchange reserves. Currently sitting at 18.8 million ETH, this is one of the lowest levels in recent history. Exchange reserve data indicates how much ETH is held on centralized trading platforms, meaning a downtrend signals that coins are being withdrawn into self-custody, staking, or cold wallets.
Historically, sustained drops in exchange reserves suggest a supply squeeze narrative building beneath the surface. Fewer tokens on exchanges reduce the available selling pressure and can lead to explosive upside when demand rises.
Even as ETH struggles to break out technically, this silent accumulation phase shows confidence among long-term holders. If this trend continues, it may act as a powerful tailwind once technical resistance levels are finally breached.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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