Author: 0xjacobzhao In our previous Crypto AI series reports, we consistently emphasized the following point: the most practically valuable scenarios in the current crypto space are mainly focused on stablecoin payments and DeFi, while Agents are the key interface between AI industry and users. Therefore, in the trend of integrating Crypto and AI, the two most valuable paths are: in the short term, AgentFi based on existing mature DeFi protocols (such as lending, liquidity mining, and other basic strategies, as well as advanced strategies like Swap, Pendle PT, and funding rate arbitrage), and in the medium to long term, Agents centered around stablecoin settlement and relying on protocols like ACP/AP2/x402/ERC-8004.

Author: Charlie Liu If you follow fintech, crypto, or AI circles, you must have been flooded with the term "x402." A number of internet giants are stepping into the agentic payments track: Coinbase and Cloudflare jointly launched the x402 Open Foundation, Google integrated encryption extensions into its AP2 standard, and even the usually steady Adyen rolled up its sleeves to join the game. Visa's TAP promises to achieve interoperability, while Stripe and OpenAI have teamed up to make ACP and "instant checkout" industry standards. An almost forgotten internet status code—402 "Payment Required"—has surprisingly become a key factor in determining the next generation of AI agent business models. In fact, this undercurrent has been brewing within the payments industry for over half a year.

This article discusses how Virtuals integrate encryption technology, artificial intelligence, and Bots technology to create a proxy-based economic system, innovating productivity and collaboration models. With the launch of the ACP protocol, Butler trading assistant, and Unicorn activation platform, collaboration between humans, AI, and Bots has been realized, forming a prototype of a new economic model. This symbiotic relationship of technology offers limitless possibilities for the future of business management and production methods.

Author: Delphi Digital Compiled by: Felix, PANews (with some edits) The battle of AI models is intensifying. Every company is striving to make their large language models (LLMs) the next dominant player. But the key issue is no longer which company's model technology is superior, but how to leverage these models to drive meaningful and tangible impact. The answer lies in autonomous, specialized AI affiliates. OpenAI's release of ChatGPT Affiliate is an early sign that the affiliate economy is entering a mature initial stage. Currently, most affiliates are still single-purpose tools, but we will soon see them forming interconnected clusters to enable complex collaboration. In the encryption field, during the 2024 AI affiliate token boom, hundreds of projects promised to deliver complex, general-purpose AI affiliates, but most have become "stagnant."

Author: Charlie Liu If you are following the fintech, crypto, or AI circles, you must have been inundated with the term "x402". A number of internet giants are rushing into the agentic payments sector: Coinbase and Cloudflare have joined forces to establish the x402 Open Foundation, Google has integrated crypto expansion into its AP2 standards, and even the usually stable Adyen has rolled up its sleeves to get involved. Visa's TAP promises to achieve interoperability, while Stripe and OpenAI are collaborating to make ACP and "instant checkout" industry standards. An almost forgotten internet status code - 402 "Payment Required" has unexpectedly become the key to determining the business model of the next generation of AI agents. In fact, this undercurrent has been surging within the payment circle for more than half a year.

A few days ago, @brucexu\_eth reminded me to pay attention to Ethereum's ERC8004 proposal. It seems that the Ethereum community has begun preparing for the arrival of on-chain AI agent economies. In simple terms, ERC8004 aims to create a "trustless AI agent" in the Ethereum ecosystem, introducing three on-chain registries for Identity, Reputation, and Validation. This allows AI agents to discover each other, validate tasks, and interact on-chain without the need for trust, meaning that AI agents can play among themselves, forming a decentralized A2A system that enables AI agents to collaborate across organizations. This seems to have some conceptual similarities with Virtuals' ACP protocol, both focusing on the construction, interaction, and economic ecology of decentralized AI agents; both are building AI.

As the United States legislates the recognition of stablecoins, the decentralized nature of the Bitcoin network makes it a more ideal blockchain choice to tackle the challenges posed by the dollar in a multipolar world. This article is sourced from a piece by Juan Galt, organized, compiled, and written by Foresight News. (Previous context: Stripe announced over 40 new upgrades: Open Issuance platform allows businesses to issue stablecoins with one click, collaborating with OpenAI to release the ACP protocol..) (Background supplement: The ultimate battle of AI payments: The competition among the three giants Google, Coinbase, and Stripe.)

Payment giant Stripe announced over 40 new products and features at the "Stripe Tour New York" event on September 30, covering stablecoin issuance, AI-driven agency commerce, and global payment solutions. (Background: The final battle of AI payments: The showdown between the three giants Google, Coinbase, and Stripe) (Background: From the acquisition of Bridge to the self-developed Tempo chain, how is Stripe reshaping its payment empire?) At the annual product showcase "Stripe Tour New York" held in New York on September 30, payment giant Stripe announced the launch of over 40 new products and features, covering stablecoin issuance, agency commerce, payment processing, revenue management, and

In the current thriving global digital asset market, the total market capitalization in 2024 has surged past the $3.4 trillion mark, with RWA, stablecoins, and on-chain bonds becoming strong drivers of market growth. However, beneath the prosperity lies a hidden crisis, as a series of events such as FTX and Celsius have ruthlessly exposed the serious drawbacks of traditional custody models. Centralized control results in extremely low asset transparency, and regulatory compliance mechanisms lag far behind market development, leaving user asset security constantly at risk. Meanwhile, regulations such as Europe's MiCA, Hong Kong's VASP, and Singapore's PSA are being implemented one after another, and a decentralized, compliance-auditable smart custody system has become the much-anticipated savior of the market, AI Custody.

Virtuals Protocol launched ACP Public Beta to enable AI agents to collaborate and transact on-chain using open standards. Agent clusters like hedge funds and media houses show real use cases of autonomous AI coordination on blockchain. --- Virtuals Protocol officially released the Agent

> Virtuals will write the first line of code for the new AI business logic with ACP. Written by: Deep Tide TechFlow While we were still discussing whether Agents could engage in community operations and help with work, Virtuals had already looked up to a bigger proposition - how Agents can collaborate and settle with each other, and truly support a blockchain-based labor market for Agents. On June 10, Ethereum officially announced "

Written by: Shenchao TechFlow While we were still discussing whether Agents could do community operations or help with manual work, Virtuals had already set its sights on a bigger proposition — how Agents can collaborate and settle with each other, and truly support a labor market for on-chain Agents. On June 10, Ethereum officially announced "Ethereum is for AI" and retweeted Virtuals' post "Now On Ethereum" to warm up for the collaboration between the two parties. The post quickly attracted strong feedback and interest from the community, with over 1.1 million views at the time of publication. This is not just a simple collaboration; it will mark the beginning of Ethereum's return to the center stage. Today's Ethereum needs a strong grip to catch up; and Virtuals

The ACP protocol launched by Virtuals aims to connect independent AI agents, building an economy composed of AI agents, for which it provides a standard layer and a multi-agent framework. The protocol includes functions such as registration, negotiation, evaluation, and payment, emphasizing the importance of AI agents as independent entities, while also highlighting payment capabilities and work evaluation. By constructing an AI agent economy, it promotes transactions and collaboration among AI agents, achieving cross-domain innovation. Success depends on the practicality of AI agents and the formation of transaction demands.

Virtuals is exploring new directions for development, with the ACP framework providing possibilities for autonomous cooperation among agents. At the same time, Virtuals is trying to expand new application scenarios through collaboration with Animoca Brands and updating the cost-sharing mechanism. Despite facing development bottlenecks, the team is responding actively, and in the future, it will validate its rise momentum.

Preface This report summarizes a series of important events in the blockchain and cryptocurrency field from March 7, 2025 to March 13, 2025, including Google's security company confirming the Bybit security incident is related to North Korean hacker TraderTraitor; Movement submitting the MOVE ETF application; Solana's SIMD-228 upgrade plan receiving approval; the frequency of blockchain-related terms mentioned in SEC filings hitting a historic high in February; and Virtuals Protocol announcing the launch of the multi-agent framework ACP. These events not only demonstrate the activity of the crypto market, but also imply future development trends. Summary Safe{Wallet} investigation of the Bybit security incident, confirming its connection to the Orient

Virtuals Protocol launches the Agent Commerce Protocol (ACP), aiming to establish a business ecosystem composed of AI agents, promoting autonomous interaction and transactions between agents. The ACP framework includes an AI agent index registry, a business interaction system, and a currency trading system, currently with approximately 17,000 AI agents. Future plans include launching a Hedging fund, a trading DAO cluster, as well as media company clusters, and hosting a hackathon event.

Authored by: Deep Tide TechFlow The recent volatility in the cryptocurrency market has also affected AI Agent. But the brief cooling off does not affect market confidence, and many still believe: AI Agent is still the main narrative in 2025. From a16z founder Shaw publicly expressing optimism for the Swarm concept, to Virtuals recently launching the new protocol ACP emphasizing interoperability between AI Agents, it is not difficult to see that the next opportunity for AI Agents is focused on "collaboration". Initially, the AI Agent focused on the ability to mimic human conversation and communication, as well as independently perform tasks. Now, the AI Agent is undergoing a paradigm shift from 'solo' to 'solving more complex real-world problems through collaboration,' based on this, aiming to aggregate multiple different functions.

Authored by: DeepTech TechFlow Is the AI Agent over? Whenever a certain type of crypto asset shrinks sharply and everyone loses confidence, there is still attention that loses temperature with the track; But it's often when you're not paying attention that projects are always brewing new narratives and products, and then the next wave of craze. During the AI Agent's ice age, Virtuals, which once ignited the entire track and Base ecosystem, quietly began a new move. Yesterday, Virtuals released a new protocol called the Agent Commerce Protocol (referred to as ACP for short) on its official Twitter account, which can be directly translated as 'AI agent business protocol'. Previous AI Agents have emerged one after another, but they are basically working in silos, and there are very few parts that can work together effectively. But the entire AI narrative

Blockchain company Avalanche has launched the 'Avalanche9000' upgrade, aiming to reduce deployment costs by 99.9%. This upgrade includes several technological improvements, including ACP-77 and ACP-125. The Retro9000 sponsorship program launched at the same time will reward builders who develop on the Avalanche9000 testnet.

Avalanche (AVAX) Mainnet has undergone significant upgrades with the launch of Avalanche9000 on the testnet, including ACP-77 which improves Layer 1 validator flexibility, and ACP-125 which drops basic fees by 96%. At the same time, a Retro9000 traceability reward program worth $40 million has been launched to incentivize developers to build Layer 1 blockchains and related tools on the testnet, thereby promoting enterprises within the ecosystem to establish independent and controllable Layer 1 blockchains.

ACP-77 is a community proposal that will completely reform the creation and management design of Avalanche L1s, bringing more flexibility and autonomy to Avalanche L1 validators. Avalanche L1 validators no longer need to validate the main network and stake at least 2,000 AVAX.

Nigerian politician Ambassador Wilfred Bonse has been arrested by the Nigerian Police Force (NPF) in connection with a security breach suffered by cryptocurrency exchange Patricia Technologies Limited. This development comes as Patricia failed to pay customer debt on time after suffering a $2 million exploit in 2022. Former Nigerian gubernatorial candidate suspected of theft and money laundering At a press conference on November 24, Assistant Commissioner of Police (ACP) and NPF Public Relations Officer Olumuyiwa Adejobi shared an update on the investigation into the "Complex Financial Fraud Case" filed by Patricia Technologies Limited in a petition to the police...