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ct

CT usually refers to Crypto Twitter, which is a subculture of the cryptocurrency community on the Twitter platform. Crypto Twitter is an active place for cryptocurrency enthusiasts, investors, developers, and analysts to share news, opinions, technical analysis, and market trends. Due to its real-time nature and broad user base, CT plays an important role in the sentiment and price fluctuations of the cryptocurrency market. It is not only a channel for information dissemination but also one of the main platforms for communication and discussion among people inside and outside the industry.
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first_img The nonprofit organization claims that Trump's cryptocurrency project caused investors a loss of $4.7 billion

Consumer rights organization Public Citizen released a report stating that U.S. President Trump and his family's cryptocurrency projects have resulted in investor losses of at least $4.7 billion since 2022. Most of the losses stem from the TRUMP meme coin issued by Trump, with investors losing about $3.2 billion, while buyers of World Liberty Financial's USD1 stablecoin "have not suffered significant losses."The report noted that Trump profited $7.2 million from NFT royalties, over $600 million from the sale of World Liberty tokens and equity, $635 million from meme coin royalties, and $197 million in revenue from investing in World Liberty. These figures do not include the company and project shares he continues to hold, and some data is included in the President's 2025 disclosure documents, showing his cryptocurrency-related income reached $1.4 billion.Public Citizen once again called for the inclusion of ethical provisions in the Digital Asset Market Clarification Act (CLARITY Act), requiring the U.S. President and his family to divest from industry-related projects. The bill is scheduled for a final vote on September 15 and requires support from at least 60 senators to advance. White House spokesperson Anna Kelly previously responded that Trump's cryptocurrency investments "do not present a conflict of interest."

Coinbase launches AiFi financial system: x402 has processed over 205 million transactions

Coinbase stated on the X platform that the financial layer surrounding AI agents is referred to as agent finance, or AiFi, which encompasses agent trading and agent commerce. AI agents can research information, make decisions, and execute operations on behalf of individuals and businesses, and they need to perform basic financial activities such as payments, receipts, value storage, and fund transfers. Coinbase claims that it is building tools for AI agents to continuously execute financial operations within predefined goals, permissions, limitations, and security boundaries.Coinbase indicated that Coinbase Advisor, Coinbase for Agents, x402, and Coinbase Business have formed the AiFi infrastructure. Coinbase Advisor is an SEC-registered investment advisor integrated into the app for Coinbase One users, providing portfolio analysis and guidance through a chat interface; Coinbase for Agents connects tools like Claude, ChatGPT, and Cursor to Coinbase accounts via MCP, allowing users to set operational conditions and security boundaries for agents, as well as create independent sandbox accounts for agent use.Coinbase stated that x402 is an open payment standard initiated by Coinbase and currently managed by an independent foundation, which supports AI agents in paying fees to other agents, applications, and services. As of now, x402 has processed over 205 million transactions, with a transaction volume of $53 million, covering 200,000 sellers, with Coinbase facilitating 67% of the activities. Single payments can be used for API calls, datasets, research materials, or computing resources.Coinbase indicated that Coinbase Business supports enterprises in natively receiving AI agent payments in USDC, and Coinbiz can help merchants sell services and content to software without relying on credit card credentials, manual invoicing, or payment processes designed with human customers in mind. Eligible businesses can earn a floating reward of 3.35% from idle USDC balances. USDC currently accounts for 99% of on-chain agent commerce transactions, while x402 represents 97% of agent finance protocol usage, with related activities operating on Base.

Hyperliquid Policy Center writes to the CFTC: Promoting perpetual contracts as a key focus of derivatives innovation in the United States

The Hyperliquid Policy Center stated on platform X that perpetual contracts should be at the core of the U.S. Commodity Futures Trading Commission (CFTC) innovation agenda. The agency submitted a statement regarding the first meeting of the CFTC Innovation Advisory Committee on August 20, pointing out that perpetual contracts are gradually expanding beyond the digital asset market to traditional asset classes such as stocks and commodities, and that demand for this product among U.S. market participants is rising.Perpetual contracts can meet the risk management needs of different market participants, making them particularly suitable for airlines hedging fuel costs, investment funds managing portfolio exposure, and AI developers addressing ongoing risks related to computing costs that do not have a clear expiration date. Compared to futures with fixed expiration dates, perpetual contracts do not require rolling over, and there are no expiration and delivery issues; they anchor contract prices to the underlying assets through periodic funding rates. Currently, on Hyperliquid, perpetual contracts deployed by third-party developers cover over 80 traditional commodity and stock markets, with a cumulative notional trading volume exceeding $500 billion.This year, the CFTC has taken several measures to promote the establishment of the perpetual contract market in the U.S. In May, the CFTC approved the first perpetual futures contract listed in the U.S. and issued a policy statement and continuous trading guidance regarding the listing of perpetual contracts; in June, the CFTC sought public opinion on extending perpetual contracts to energy commodities and further consulted on computing power derivatives.In addition, the Hyperliquid Policy Center believes that on-chain infrastructure can also promote the modernization of the U.S. derivatives market within the existing regulatory framework. Public blockchains can openly record markets, orders, and positions, continuously conduct margin assessments programmatically, and enable real-time collateral transfers, thereby reducing counterparty credit risk and settlement risk. The agency will continue to provide relevant research and technical documents to the CFTC Innovation Advisory Committee and committee staff, and promote the establishment of a pathway for U.S. market participants to compliantly access on-chain markets. The agency believes that perpetual contracts are one of the most representative financial innovations of the past decade and should be further developed in the U.S. market.
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