Daily TEA: Bitchat Takes Off as a Decentralized Everything App? Bitcoin, AI Agents, Tether, Huawei, and More

Jul 14, 2025

Hello, dear TEA-mates (I am back :D), here’s what you need to know today.

1. 💸 Tether to Discontinue USDT on Five Legacy Blockchains

Tether plans to phase out its USDT stablecoin on five legacy blockchains, including Algorand and Omni, as part of a strategic shift. The move aims to streamline operations and focus on more efficient networks, with the transition set to begin soon.

🍵 TEA For Thought: Let us not forget that Tether’s USDT still occupies the stablecoin market, nearly 75% of the total market volume.

2. ⚠️ AI Agents Pose New Threat to Cryptocurrency Security

A recent report highlights that AI agents are now capable of automatically stealing cryptocurrency, adding a new dimension to digital asset risks. Previously focused on quantum computing threats, the crypto industry must now address this emerging challenge posed by autonomous AI systems.

🍵 TEA For Thought: The threats to crypto are not just quantum computing; now AI agents are already a threat.

3. 🤖 AI Slows Developers Despite Optimistic Beliefs

A new study from Metr.org shows that AI tools slow developers by 19% when completing issues, contradicting their expectations. Developers anticipated a 24% speed increase, and even after experiencing the slowdown, they believed AI improved their efficiency by 20%, revealing a significant gap between perception and reality.

🍵 TEA For Thought: Would it be like you are training an assistant? So you might have to spend more time teaching them, and by the time they learn, work efficiency will increase significantly. The question is, will AI agents be able to catch up with learning?

4. 🛒 AWS Launches AI Agent Marketplace with Anthropic Partnership

Amazon Web Services (AWS) will launch an AI agent marketplace next week, partnering with Anthropic to offer a variety of AI solutions. The platform aims to replace traditional SaaS marketplaces, providing businesses with customizable AI agents for diverse applications.

🍵 TEA For Thought: The marketplace of SaaS is being replaced by the marketplace of AI agents, which is already happening.

5. 🇨🇳 Huawei Pursues AI Chip Deals in Middle East and Southeast Asia

Huawei is expanding its influence by seeking AI chip deals in the Middle East and Southeast Asia, according to Bloomberg News. The move reflects the company’s aggressive push into global tech markets amid ongoing geopolitical tensions.

🍵 TEA For Thought: Again, Huawei is backed by the CCP government and is, in fact, the CCP PLA itself.

6. 🏦 Tether Holds $8 Billion in Gold in Secret Swiss Vault

Crypto firm Tether has amassed 80 tons of gold, valued at $8 billion, stored in a secretive Swiss vault, Bloomberg reports. This substantial gold reserve underscores Tether’s financial strategy amid its dominant role in the stablecoin market.

🍵 TEA For Thought: Eighty tons of gold owned by a privately operated company… pretty scary if you think about it…

7. 📱 Bitchat Emerges as Offline Bitcoin and Chat Platform

Jack Dorsey’s new app, Bitchat, enables offline communication and Bitcoin transactions via Bluetooth mesh networks, eliminating the need for internet or cell service. Launched recently, the app features end-to-end encryption and has already seen users sending cryptocurrency within an hour of release.

🍵 TEA For Thought: The decentralized one-stop-shop, the everything app, that can be used to pay, to buy, to chat, to do all sorts of things, is already happening.