BTC $82,803.72 -0.50%
ETH $2,482.28 -0.73%
BNB $738.45 -0.20%
XRP $1.36 -0.21%
SOL $105.79 -0.65%
TRX $0.3328 +1.47%
DOGE $0.0835 -0.52%
ADA $0.2309 -1.24%
BCH $275.99 +1.96%
LINK $12.74 -1.57%
HYPE $80.89 -0.47%
AAVE $158.68 +0.28%
SUI $1.03 -0.75%
XLM $0.1870 -1.98%
ZEC $1,219.91 +2.86%
AAPL $344.48 +0.13%
AMZN $258.83 -0.40%
GOOGL $357.12 +0.61%
MSFT $545.19 +0.02%
META $756.60 +2.89%
NVDA $226.12 +0.72%
TSLA $372.51 -0.58%
SNDK $1,428.00 +0.57%
INTC $100.27 +0.81%
SPCX $155.29 -4.44%
MU $933.48 -0.88%
AMD $591.78 +1.87%
BTC $82,803.72 -0.50%
ETH $2,482.28 -0.73%
BNB $738.45 -0.20%
XRP $1.36 -0.21%
SOL $105.79 -0.65%
TRX $0.3328 +1.47%
DOGE $0.0835 -0.52%
ADA $0.2309 -1.24%
BCH $275.99 +1.96%
LINK $12.74 -1.57%
HYPE $80.89 -0.47%
AAVE $158.68 +0.28%
SUI $1.03 -0.75%
XLM $0.1870 -1.98%
ZEC $1,219.91 +2.86%
AAPL $344.48 +0.13%
AMZN $258.83 -0.40%
GOOGL $357.12 +0.61%
MSFT $545.19 +0.02%
META $756.60 +2.89%
NVDA $226.12 +0.72%
TSLA $372.51 -0.58%
SNDK $1,428.00 +0.57%
INTC $100.27 +0.81%
SPCX $155.29 -4.44%
MU $933.48 -0.88%
AMD $591.78 +1.87%

act

All
Article
Flash

first_img Ripple integrates the Privy wallet under Stripe with the XRP Ledger, AI payments exceed 14 million transactions

Ripple announced the integration of the wallet technology from Privy, a subsidiary of Stripe, into the XRP Ledger, allowing financial applications and AI agents to create accounts, hold cryptocurrency assets, and complete payments without users needing to manage wallet software themselves. Developers can create wallets within their own products and authorize transfers involving XRP, the US dollar stablecoin RLUSD issued by Ripple, and other network assets. Privy is responsible for the wallet infrastructure, reducing the workload for application developers while supporting the export of private keys or mnemonic phrases for wallet migration to other platforms.This integration also allows AI agents or automated bots to hold funds and automatically pay for online data and service fees. Privy documentation states that wallets running on enterprise servers can allow software to hold and spend funds, including purchasing data access services through the x402 payment standard. J. Ayo Akinyele, head of engineering at RippleX, stated that the network has processed over 13 million agent payments via x402, accounting for about 25% of ledger activity. Data from the XRPL AI Hub operated by payment infrastructure developer t54 shows that as of Wednesday, cumulative transactions exceeded 14.3 million, covering 169 registered merchants.However, the cumulative transfer amount is much smaller than the scale suggested by the number of transactions, with the dashboard recording cumulative payments of approximately 6,991 XRP and 12,752 RLUSD, most transaction amounts being very small. Ripple began providing related tools to developers in June and expanded support for payment standards developed by Stripe and payment blockchain Tempo in September.

first_img The largest cryptocurrency exchange in the Philippines, Coins.ph, is reportedly facing regulatory action from the central bank

According to two informed sources, the largest cryptocurrency exchange in the Philippines, Coins.ph, is facing punitive actions from the Bangko Sentral ng Pilipinas (BSP). The alleged violations reportedly involve providing services to offshore betting companies, with a severity that could lead to the revocation of the operating license for this 12-year-old company. One source stated that this would trigger an "earthquake" in the Philippine crypto ecosystem.Coins.ph has over 18 million customers and a 24-hour spot trading volume of approximately $50 million, controlling about 75%-80% of the liquidity of pesos and stablecoins in the Philippines. Earlier this month, the BSP reportedly imposed restrictions on deposits made through Coins.ph's main wallet company, DCPay Philippines. Previously, several compliance executives from the exchange left, including Chief Compliance Officer Lexi Herrera, Head of Anti-Money Laundering Transaction Monitoring Chris Beaño, and Money Laundering Reporting Officer Irish Calagui.A year ago, the Bangko Sentral ng Pilipinas restricted the use of e-wallet applications for gambling, requiring regulated entities to cut off access to gambling websites within the apps. Subsequently, several betting entities migrated to Coins.ph. This restriction is not a temporary measure and no reasons have been provided. Coins.ph is one of the earliest crypto wallets and exchanges in the Philippines, acquired by Indonesian tech company Gojek for $95 million in 2019, and later sold to former Binance CFO Wei Zhou. Neither Coins.ph nor the Bangko Sentral ng Pilipinas responded to requests for comment.

first_img The shortage of storage chips impacts the smartphone market, with shipments in the third quarter hitting a 14-year low for the same period

Financial Associated Press reported on October 12, citing market research firm Counterpoint Research, that the ongoing construction of artificial intelligence infrastructure continues to squeeze the supply of storage chips, putting pressure on costs and supply in consumer electronics. Preliminary data shows that global smartphone shipments in the third quarter of 2026 are expected to decline by 20% year-on-year, reaching the lowest level for the same period since 2012. The storage chip crisis has impacted the smartphone market for the second consecutive quarter, with rising chip costs increasing the overall bill of materials, leading manufacturers to raise retail prices. Since 2026, global smartphone retail prices have cumulatively increased by about 20%.Samsung remains the global leader, with its market share rising to 23% in the third quarter, although shipments declined by 3% year-on-year, marking the largest share increase among major manufacturers. Apple's share rose to 22%, marking its first time surpassing 20% in the third quarter, but shipments declined year-on-year. The absence of the base model iPhone 18 this year resulted in a lower channel distribution scale in the first month of new product launches compared to the previous year's iPhone 17 series. The iPhone 18 Pro series performed better than its predecessor in China and India.Xiaomi's shipments in the third quarter declined by over 30% year-on-year, with its market share dropping to 10%. Both OPPO and vivo saw their shipments decline by over 20% year-on-year, with shares falling to 9% and 8%, respectively. Counterpoint senior analyst Shilpi Jain stated that consumers are holding onto their existing devices for longer and are considering more refurbished devices. Counterpoint indicated that global smartphone shipments are unlikely to see a significant recovery before improvements in storage chip costs and supply.
app_icon
ChainCatcher Building the Web3 world with innovations.