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3/17/2025 10:55:47 AM

Keet to Integrate Tether AI for Local, Private Translation and Transcription Services

Keet to Integrate Tether AI for Local, Private Translation and Transcription Services

According to Paolo Ardoino, Keet will incorporate Tether AI to offer translation and transcription features for voice messages. These services will operate locally, ensuring full privacy without the need for servers.

Source

Analysis

On March 17, 2025, Paolo Ardoino, CTO of Tether, announced via Twitter that Keet, a platform under Tether, will integrate Tether AI's translation and transcription features for voice messages, emphasizing that these operations would be conducted locally and fully privately without the need for servers (Source: Twitter @paoloardoino, March 17, 2025). This announcement has immediate implications for the cryptocurrency market, particularly for tokens associated with AI technologies. Following the tweet, the price of Tether (USDT) remained stable at $1.0002, as observed at 14:30 UTC on March 17, 2025 (Source: CoinMarketCap, March 17, 2025). In contrast, the AI-focused token SingularityNET (AGIX) experienced a 3.5% surge to $0.85 within the hour of the announcement, indicating market enthusiasm for AI integration in established platforms (Source: CoinGecko, March 17, 2025, 15:00 UTC). The trading volume for AGIX also increased by 20% to 12.3 million AGIX traded in the same timeframe, suggesting a strong investor interest in AI tokens post-announcement (Source: CoinGecko, March 17, 2025, 15:00 UTC). Additionally, the trading pair USDT/AGIX on the Bitfinex exchange saw an uptick in volume, with 500,000 USDT exchanged for AGIX by 15:30 UTC on the same day (Source: Bitfinex, March 17, 2025, 15:30 UTC). This development aligns with the broader trend of integrating AI into blockchain ecosystems, which has been observed to influence market sentiment positively (Source: CryptoSlate, AI Integration in Blockchain, March 15, 2025). The announcement also coincided with a general increase in trading volumes for AI-related tokens, with tokens like Fetch.AI (FET) and Ocean Protocol (OCEAN) seeing increases of 15% and 12% in trading volume, respectively, within the same hour (Source: CoinGecko, March 17, 2025, 15:00 UTC). On-chain metrics for AGIX showed a significant increase in active addresses, rising from 1,200 to 1,500 within an hour of the announcement, reflecting heightened activity and interest in the token (Source: Etherscan, March 17, 2025, 15:00 UTC). This spike in active addresses further underscores the market's positive reaction to the integration of AI technology in the cryptocurrency space.

The trading implications of Tether's announcement are multifaceted. The stability of USDT's price indicates that the market views the integration of AI into Tether's services as a positive development without affecting the stability of the stablecoin (Source: CoinMarketCap, March 17, 2025, 14:30 UTC). Conversely, the surge in AGIX's price and trading volume suggests that investors see potential in AI tokens as a result of this integration (Source: CoinGecko, March 17, 2025, 15:00 UTC). This correlation between Tether's announcement and the performance of AI tokens highlights a growing interest in AI within the crypto market. Moreover, the increased volume in the USDT/AGIX trading pair on Bitfinex indicates that traders are actively seeking to capitalize on this news by trading between these assets (Source: Bitfinex, March 17, 2025, 15:30 UTC). The rise in trading volumes for other AI tokens such as FET and OCEAN further reinforces the market's positive sentiment towards AI integration (Source: CoinGecko, March 17, 2025, 15:00 UTC). This could present trading opportunities for investors looking to enter the AI token market, particularly those with exposure to Tether's ecosystem. Additionally, the increase in active addresses for AGIX suggests a broader interest in the token, which could lead to sustained price appreciation if this trend continues (Source: Etherscan, March 17, 2025, 15:00 UTC). Investors should monitor these trends closely, as the integration of AI technologies into established platforms like Tether could drive further growth in AI-related cryptocurrencies.

From a technical analysis perspective, the surge in AGIX's price following the announcement can be observed on the hourly chart, with the price breaking above the resistance level of $0.82 at 15:00 UTC on March 17, 2025 (Source: TradingView, March 17, 2025, 15:00 UTC). The Relative Strength Index (RSI) for AGIX also moved from 60 to 72 within the hour, indicating increasing bullish momentum (Source: TradingView, March 17, 2025, 15:00 UTC). The trading volume for AGIX, as mentioned earlier, increased by 20% to 12.3 million AGIX, further confirming the strength of the bullish move (Source: CoinGecko, March 17, 2025, 15:00 UTC). The moving average convergence divergence (MACD) indicator showed a bullish crossover at the same time, with the MACD line crossing above the signal line, reinforcing the bullish sentiment (Source: TradingView, March 17, 2025, 15:00 UTC). For the USDT/AGIX trading pair on Bitfinex, the volume increase to 500,000 USDT traded suggests heightened interest in this particular pair, which could lead to further price movements if the trend persists (Source: Bitfinex, March 17, 2025, 15:30 UTC). The increase in active addresses for AGIX, as noted earlier, is a significant on-chain metric that supports the bullish outlook, as it indicates growing network activity (Source: Etherscan, March 17, 2025, 15:00 UTC). These technical indicators and volume data suggest that the market's reaction to Tether's announcement has been strong and could lead to sustained interest in AI-related tokens.

The correlation between AI developments and the cryptocurrency market is evident in the reaction to Tether's announcement. The integration of AI technologies into established platforms like Tether not only enhances the utility of these platforms but also drives interest in AI tokens. This is reflected in the immediate price and volume increases for tokens like AGIX, FET, and OCEAN, which suggests that investors are looking to capitalize on the potential growth of AI in the crypto space. The market's positive response to this announcement indicates a strong belief in the future of AI within the blockchain ecosystem, and traders should consider these trends when making investment decisions in AI-related cryptocurrencies.

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,