BTC $77,350.64 +0.26%
ETH $2,513.98 -0.37%
BNB $722.08 -0.61%
XRP $1.36 -0.36%
SOL $101.38 -0.07%
TRX $0.3413 +0.41%
DOGE $0.0843 -0.59%
ADA $0.2088 +0.67%
BCH $224.89 -0.36%
LINK $11.44 -0.66%
HYPE $78.80 -1.09%
AAVE $126.75 +0.61%
SUI $0.7209 -0.37%
XLM $0.1805 +0.22%
ZEC $1,105.33 -1.75%
AAPL $330.73 -0.71%
AMZN $254.47 -0.88%
GOOGL $338.37 -0.82%
MSFT $491.99 -0.61%
META $644.78 -0.56%
NVDA $215.62 -1.23%
TSLA $362.70 -1.25%
SNDK $1,573.39 -3.13%
INTC $99.25 -2.75%
SPCX $149.26 -0.53%
MU $939.17 -2.91%
AMD $502.56 -2.60%
BTC $77,350.64 +0.26%
ETH $2,513.98 -0.37%
BNB $722.08 -0.61%
XRP $1.36 -0.36%
SOL $101.38 -0.07%
TRX $0.3413 +0.41%
DOGE $0.0843 -0.59%
ADA $0.2088 +0.67%
BCH $224.89 -0.36%
LINK $11.44 -0.66%
HYPE $78.80 -1.09%
AAVE $126.75 +0.61%
SUI $0.7209 -0.37%
XLM $0.1805 +0.22%
ZEC $1,105.33 -1.75%
AAPL $330.73 -0.71%
AMZN $254.47 -0.88%
GOOGL $338.37 -0.82%
MSFT $491.99 -0.61%
META $644.78 -0.56%
NVDA $215.62 -1.23%
TSLA $362.70 -1.25%
SNDK $1,573.39 -3.13%
INTC $99.25 -2.75%
SPCX $149.26 -0.53%
MU $939.17 -2.91%
AMD $502.56 -2.60%

trading

All
Article
Flash

first_img TRM Report: The trading volume of the x402 protocol comes mostly from AI agents

A report released by the blockchain intelligence company TRM Labs shows that most of the transaction volume on the x402 payment protocol launched by Coinbase does not come from AI agents. The report analyzed 198.9 million settlements processed by known x402 facilitators on Base, Solana, and Polygon since May 2025, involving an amount of approximately $52.7 million.After excluding self-payments and other anomalous fund flows, about $25.62 million was identified as potential commercial transactions, of which only 0.6% to 7.5% by amount came from AI agents. TRM pointed out that ordinary scripts, scheduled tasks, and self-trading can also generate the same on-chain records, so the total transaction volume of the protocol is insufficient to measure agent commerce; their model identifies addresses that repeatedly pay for the same service as scripts, which may underestimate the actual scale of single-use agents. During the reporting period, USDC accounted for 99.6% of the settlement value, approximately $52.47 million.Meanwhile, Binance's Agent OS launched in August has integrated the x402 payment layer, Coinbase's Base supports agents and payment startups through a $1 million accelerator, and Amazon also launched AgentCore Payments in May in collaboration with Coinbase and Stripe. TRM recommends improving the on-chain agent registration mechanism, establishing a verifiable counterparty reputation system for agents, and building a monitoring framework suitable for small, high-frequency payments, stating that "agent commerce requires agent compliance."

The U.S. CFTC has added 3 new insider trading investigations into Polymarket: involving Biden's pardons, the Iran war, and Google

The U.S. Commodity Futures Trading Commission (CFTC) has previously secretly approved at least three insider trading investigations related to Polymarket trading, involving contracts related to Biden's pardons, the Iran war, and Google-related events. The relevant investigation documents were obtained by WIRED through the Freedom of Information Act.Among them, CFTC Chairman Michael Selig approved an investigation into contracts related to Biden's pardons in May, after a trader had profited over $300,000 in the relevant market; in the same month, the CFTC also approved an investigation into Iran war contracts, after a group of suspicious accounts was reported to have profited $2.4 million with a win rate of about 98%. In July, the CFTC further initiated an investigation into Google-related Polymarket contracts, focusing on individuals who may have traded using non-public information regarding Google's 2025 search rankings. The Southern District Attorney's Office in New York is also conducting a parallel investigation.It is currently unclear whether the aforementioned accounts are connected to previously investigated individuals. Polymarket stated that the company would refer the relevant matters to law enforcement and cooperate with the investigation. As the prediction market rapidly expands, U.S. regulators are clearly intensifying their scrutiny of insider trading and market manipulation.
app_icon
ChainCatcher Building the Web3 world with innovations.