BTC $79,559.75 -1.87%
ETH $2,450.96 -2.46%
BNB $722.64 -0.37%
XRP $1.40 -3.50%
SOL $101.80 -1.97%
TRX $0.3318 +0.92%
DOGE $0.0847 -2.89%
ADA $0.2110 -5.27%
BCH $247.57 -3.29%
LINK $11.67 -2.29%
HYPE $83.90 -3.04%
AAVE $129.49 -3.45%
SUI $0.7678 -0.34%
XLM $0.1812 -1.32%
ZEC $1,021.27 +6.98%
BTC $79,559.75 -1.87%
ETH $2,450.96 -2.46%
BNB $722.64 -0.37%
XRP $1.40 -3.50%
SOL $101.80 -1.97%
TRX $0.3318 +0.92%
DOGE $0.0847 -2.89%
ADA $0.2110 -5.27%
BCH $247.57 -3.29%
LINK $11.67 -2.29%
HYPE $83.90 -3.04%
AAVE $129.49 -3.45%
SUI $0.7678 -0.34%
XLM $0.1812 -1.32%
ZEC $1,021.27 +6.98%

process

All
Article
Flash

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.

The Sandbox: Compensation will be carried out based on the on-chain snapshot before the attack, and the compensation application process is expected to open within two weeks

The Sandbox released an update on the security vulnerability attack incident involving the SAND cross-chain bridge, stating that the attacker modified the verification mechanism to forge cross-chain deposit messages and mint unbacked SAND. This incident resulted in approximately 14.7423 million SAND being withdrawn, valued at about $697,000. Additionally, some uncollateralized SAND was profited through market trading, leading to an overall economic impact of approximately $1.497 million, of which the attacker actually obtained about $987,000.The Sandbox stated that the attack did not affect the supply of SAND on Ethereum and Polygon, with the total amount of SAND on Ethereum remaining unchanged at 3 billion. There were also no super administrator privileges stolen, and the attack stemmed from a vulnerability caused by the combination of the general call function in the token contract and the design of bridge permissions. Currently, the related addresses have been marked, and collaboration has begun with exchanges, security agencies, and the LayerZero team.For affected users, The Sandbox promises to compensate wallets holding legitimate bridged SAND with a 1:1 ratio of SAND on the Ethereum chain based on an on-chain snapshot taken before the attack. The compensation application process is expected to open within two weeks and will last for two weeks.

first_img Market news: Intel's Razor Lake may adopt TSMC's N2X process

According to the Industrial and Commercial Times, competition in advanced process technology for PC processors is heating up. Market news indicates that Intel's next-generation Nova Lake desktop processor will prioritize the introduction of bLLC large last-level cache to reduce access latency to system memory, competing with AMD's 3D V-Cache technology; the laptop version may be delayed until the subsequent Razor Lake-HX generation is released. The supply chain reveals that Nova Lake, set to debut early next year, will utilize a combination of Intel's 18A and TSMC's N2P processes, while the subsequent Razor Lake may further adopt TSMC's high-performance 2-nanometer N2X process.N2X is a high-performance extension of TSMC's N2 platform, targeting high-frequency CPUs, AI, and HPC applications, with transistor technology shifting from FinFET to nanosheets. If mass production is achieved, Intel's collaboration with TSMC on advanced processes is expected to extend to a broader 2-nanometer family, helping to reduce risks associated with a single proprietary process and optimize the timing and capacity configuration for high-end CPU launches.In addition to TSMC benefiting directly, related supply chains are also expected to welcome business opportunities. Sungsan is one of the few manufacturers in Taiwan capable of mass-producing its own CMP polishing pads, with a 25% year-on-year increase in consolidated semiconductor revenue in the first half of the year, rising to 66% of total revenue. Demand for Hard Pads and advanced packaging is strong, with a new Soft Pad line expected to begin trial production in the third quarter and gradually ramp up production in the fourth quarter, with products already applied in CoWoS and SoIC. Zhongsha holds CMP diamond discs and recycled wafers, reporting revenue of 2.49 billion yuan in the second quarter, a year-on-year increase of 17.9%, with gross margin rising to 40.1%, and shipments of 2-nanometer and 1.6-nanometer related diamond discs rapidly increasing.

hot_img National Development and Reform Commission: The global download volume of domestic large models has surpassed 10 billion times, which will accelerate the legislative process of the "Artificial Intelligence Law."

Jiang Yi, Director of the Policy Research Office of the National Development and Reform Commission, stated at a press conference on July 31 that in the first half of the year, China's pace of independent innovation in artificial intelligence has accelerated. Domestic companies such as Deep Exploration and Dark Side of the Moon have successively released open-source large models with parameter scales reaching "trillion" levels, and the global download volume of domestic large models has surpassed 10 billion times. The next step will focus on strengthening research and development in cutting-edge areas such as the basic theory of large models, training and inference efficiency, multimodality, and intelligent agents, and accelerating the layout and construction of national artificial intelligence application pilot bases, while vigorously cultivating intelligent derivative enterprises.Jiang Yi pointed out that there will be a coordinated approach to high-quality development and high-level security, accelerating the legislative process of the "Artificial Intelligence Law", constructing a "development---regulation---security" closed-loop system, establishing and improving technical monitoring, risk warning, and emergency response mechanisms, and adhering to the development concept of "human-led, for human use, and benevolent to humanity," actively responding to the impact of artificial intelligence on economic operation and employment distribution.

hot_img Visa and Artemis jointly released the Smart Payment Report: The x402 protocol processed $15 million in transactions in its first year, accelerating the arrival of the AI micro-payment era

Visa and the on-chain data analysis platform Artemis previously jointly released the report "Agentic Payments from the Ground Up," which quantifies the trends of AI agent payments based on real-time on-chain data. The report points out that intelligent commerce should be divided into macro transactions (AI agents completing bookings, subscriptions, etc., adapting to existing card systems) and micro payments (high-frequency small payments between machines, with individual transactions far below $1, which traditional payment structures struggle to support).The report focuses on two "machine-native payment" protocols: x402 (developed by Coinbase, Cloudflare, etc., launching in May 2025) with an adjusted transaction volume of approximately $15 million and 109.6 million transactions as of April 21, 2026, with 422,000 buyers and about 5,300 sellers, primarily concentrated on Base, Solana, and Polygon, settled in USDC; MPP (developed by Stripe and Tempo, with Visa's participation, launching in mid-March 2026) had a transaction volume of approximately $25,000 and 115,000 transactions within 33 days of launch, supporting both on-chain crypto payments and fiat settlements.The report believes that the leap in AI capabilities (with the release of Claude 4.5 and GPT Codex 5.2 in mid-2025) has created a demand for programmatic payments, combined with the decreasing costs of blockchain settlements, making micro payments in the range of 1 cent to 1 dollar economically viable for the first time. Currently, the boundaries between crypto-native protocols and card payment camps are gradually blurring, but agent payments still face trust challenges such as erroneous purchases, adversarial attacks, and liability attribution.
app_icon
ChainCatcher Building the Web3 world with innovations.