周东野

Over the past six-plus months in the AI sector, projects sporting the Agent concept have been launching tokens in droves. But most people may have missed a very awkward reality: infrastructure is being built with great fanfare, yet actual AI bots on-chain are barely spending anything.

A while back, Coinbase and Stripe jointly introduced the x402 protocol, aiming to turn HTTP status codes into a standard for machine payments. But after filtering out wash trading, the actual monthly transaction volume settled for AI Agents across the entire x402 network was only around $1.6 million. Supply is massively oversupplied, while demand is extremely scarce.

Kite, which is building a dedicated L1 on Avalanche, is right at the center of this trend.
It recently launched its mainnet and Agent Passport, and integrated the WheelX cross-chain bridge and Crystal compliance monitoring. Backed by PayPal, Coinbase Ventures, and General Catalyst, its roadmap is clear: connect traditional payments with on-chain settlement.

But after studying its architecture, I’ve reached one conclusion: if Kite relies solely on “letting Agents pay,” it will be crushed in an instant.

Base or Solana can easily handle simple, per-call API payments with x402. What Kite is really betting on is the next phase of demand as Agents scale:
Identity and programmable permissions: Passport sets budget limits, call allowlists, and multisig requirements, addressing the trust boundary of “who gets to spend.”

Outcome-based payments and multi-party revenue sharing: Pay-on-SLA enables payment after delivery, while the PoAI mechanism automatically splits revenue among data, model, and compute nodes.
By bundling permissions, escrow, and revenue sharing together, Kite demonstrates the value of a dedicated L1.
However, this engineering design currently faces its biggest pain point: a data vacuum.

Even though it has announced integrations with 90+ service providers, the team has yet to disclose on-chain stablecoin settlement volume or Passport activity. It’s like building a fully equipped super service station in advance on a highway that hasn’t even opened yet.

For now, keep a close eye on just three things: real settlement volume after filtering out wash trading, whether enterprise institutions come on board, and whether it can successfully integrate with the x402 ecosystem.
Until bots actually start using this “on-chain passport” of their own accord for complex risk controls and revenue-sharing logic, Kite remains a high-risk early-stage bet.
#KiteBBW $KITE @KITE AI 中文 #AGENT

An extremely ironic shoe has just dropped in the FTX bankruptcy case: the U.S. government has sold its Anthropic stake, cashing out for $627 million.

The huge AI bet SBF made with customers’ assets is now, unbelievably, hard currency being used to plug the bankruptcy shortfall and pay creditors.

The most absurd part of the whole story is that nobody thought much of this stake when it was first seized. Then the boom in large-model applications happened to take off, and Anthropic’s valuation surged. Regulators set out to seize and liquidate assets tied to the case, but by pure coincidence, they ended up giving all the creditors a top-tier macro beta rebalance.

A lot of people previously thought FTX’s payout rate was an unreachable figure. But as these major AI stakes and other hard assets are gradually cashed out at high valuations, the chain of logic for creditors to recover their principal—and even receive interest—has now fully come together.

Now all the pressure is on the market. This injection of hundreds of millions in cash into the liquidation process means the tail risk of further deleveraging in the crypto market has been completely wiped out. What remains is nothing but expectations of real, cash-backed liquidity.

#美国政府出售ftx关联anthropic股份获6.27亿美元

Interpol's operation in Africa scores a major victory: $105 million in cryptocurrency seized!

Interpol's recent operation in Africa is truly cause for celebration! They arrested 1,462 suspects and seized cryptocurrency worth more than $105 million. That's a massive haul! 👍🚔 #网络安全 #Cryptocurrency

Hey, how come you all have so many points? You’ve easily got thousands or even tens of thousands. I can’t keep up with you!#币安神算子

Google launches an AI tool for tuberculosis screening

Google Research recently launched an AI tool for tuberculosis screening. It has been deployed in multiple countries, and its model is open source, helping advance health equity worldwide.

OpenAI uncovers a vulnerability in the Brotli compression library—Node.js users, update now!

OpenAI discovered a remote code execution risk in the Brotli compression library. Node.js, Bun, and Envoy users, take note: upgrade immediately to patch it, and don’t let your money end up in hackers’ pockets.#安全提醒 #TechnicalVulnerability

New developments in Hong Kong Web3: stablecoin payments and 24/7 trading are here! 🚀

I’ve just heard that Hong Kong’s digital asset market is making another big move! Stablecoin payments and round-the-clock fund trading are rolling out one after another. HSBC’s Hong Kong dollar stablecoin, RedCoin, is now being integrated with PayMe, and the SFC has approved two tokenized money market funds for 24/7 trading on Futu’s Cheetah platform. It feels like Hong Kong’s Web3 industry is about to turn a new page! 🎉

The U.S. government favors Claude, with procurement discounts expanding to agencies at every level

Anthropic has teamed up with the U.S. GSA again. Government customers can get a 40% discount when purchasing Claude, with savings expected to reach $1 billion. Capital Tracker tells you: this is not just a victory for technology—it also reveals where the whale money is flowing. #Claude #GovernmentProcurement

Akamai launches Agent Sandbox and Akamai Inference to strengthen cybersecurity

Akamai’s latest release introduces Agent Sandbox, which uses WebAssembly to isolate AI agent code, and Akamai Inference, an open AI model service on Akamai Cloud. In response to new cybersecurity challenges highlighted by a Palo Alto Networks survey, these offerings significantly enhance cybersecurity protections.

The NEAR–ICP Dfinity Blockchain Dispute: A Clash of Technical Approaches and Commercial Narratives

The dispute between the NEAR and ICP Dfinity blockchains pits competing technical approaches and commercial narratives against each other, with intellectual property emerging as a key issue. An analysis of the dispute explores the underlying dynamics.

C-BRAIN AI Accelerates New Advances in Alzheimer’s Research

Using AI tools and open datasets, C-BRAIN is significantly improving the efficiency of Alzheimer’s research. It aims to uncover new mechanisms of brain aging and Alzheimer’s disease over the next three years. Tech analysts, take note: AI applications in healthcare are becoming increasingly sophisticated. #AI医疗 #Alzheimer’s disease

Ethereum Name Service ENSV2 launches: upgraded permission settings and completed integration across multiple teams

Ethereum Name Service ENSV2 has officially launched, adding granular permission controls and namespace management. Multiple teams have completed integration, marking further expansion of the Ethereum ecosystem.

Tether pushes to bring AI to Bitcoin mining farms, sparking heated debate over security risks!

Tether has developed an MDK framework to unify mining farm interfaces and put AI at the helm. It sounds exciting, but security risks and questions about industry standards are raising concerns. Bitcoin miners, are you ready? #Tether #比特币矿业 #AIMiningFarms

Powell will likely stage his classic move again next week: on one hand, he’ll keep the bar for rate cuts extremely high, while on the other, he’ll privately watch the overnight reverse repo (RRP) facility run dry and U.S. Treasury liquidity tighten, taking a sharp breath.

Right now, the market’s expectation for a 25bp cut at the Fed’s November FOMC is basically locked in, but that 25bp is not the real focus. The real hidden line is the turning point for the balance sheet (QT). If Powell slightly hints at slowing balance-sheet reduction (QT taper) during the press conference, or if the overnight rate benchmark (SOFR) shows any abnormal move, the liquidity premium for altcoins and the crypto system will be repriced instantly.

For crypto, there’s no need to obsess over the obvious 25bp cut. The key is to watch two practical signals:

First, whether the reverse repo cash pool is fully depleted, forcing the Fed to start an “implicit QE” to replenish bank reserves; second, the pace at which high-yield dollar carry trades unwind after the rate cut. The liquidity freed up by that liquidation is the real fuel behind the next BTC breakout and the jump in on-chain capital flows.

Don’t be fooled by the way big money looks dead on the tape every day; smart money is all waiting for the final liquidity inflection point of this tightening cycle. Go light on leverage ahead of the meeting, focus on SOFR and the Fed’s latest wording on reserve adequacy. Once the signal is confirmed, just watch where the capital is being poured among the leading on-chain assets.#fomc会议

Cryptocurrency “bunker mode” to deal with AI threats, Ethereum researcher Justin Drake explains in detail

Ethereum researcher Justin Drake points out that AI may be able to crack crypto wallets, calling on the industry to enter “bunker mode.” The article provides an in-depth analysis of elliptic curve cryptography, post-quantum signatures, and other technologies, and explores how the crypto industry can respond to AI threats.

The X100 project got hacked—4.85 million USDT vanished! Web3 security is facing a major test!

The X100 project got hacked yet again, and 4.85 million USDT disappeared just like that! Looks like security is a real weak point in the world of Web3, so everyone needs to stay alert!

AI Giants Enter Biotech: A Look at Both the Potential and the Challenges

AI giants are moving into biotech, where the revenue potential is enormous but R&D challenges abound. This article explores how AI is being used in drug development and what gives the industry its competitive moat.#AI生物科技 #AI Drug Development

As the crypto tide recedes, are AI agents the savior? A deep dive into South Korea and Singapore’s approaches!

Is the crypto market cooling off? Don’t panic—AI agents are here to save the day! This article explains the rise of AI in trading and payments, and how South Korea and Singapore are making crypto work. Learn something new~ #AI智能体 #加密市场 #SouthKoreaSingaporeApproaches

HashKey RWA Deep Dive: Connecting the Next-Generation Digital Financial Market

HashKey RWA’s first tokenized security in the hToken series gives fund-flow watchers a new vantage point. Track where capital is flowing, watch how whales operate, and pay attention to where attention is shifting—HashKey RWA may be leading a new wave in digital finance.#HashKeyRWA #DigitalFinancialMarket

Robinhood CEO Interview: AI Wealth Distribution and Financial Democratization

Robinhood CEO Vlad Tenev discusses wealth distribution in the AI era, how Robinhood enables ordinary people to participate, and how it advances financial democratization.#Robinhood #FinancialDemocratization