According to Twitter, SafePal said that there was a security flaw in its order tracking plug-in, which resulted in unauthorized access to the personal and order information of about 39,798 users. The leaked information did not include mnemonics, private keys, wallet passwords, and bank card information. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
In comparison, South Korea's BC Card announced that it has completed an empirical test with Coinbase and Wavebridge on the “Overseas Digital Asset Wallet - Korean Local Bank Card Payment Infrastructure Connection”. The test verified that foreign visitors can directly use USDC in their wallets to complete payments at BC QR merchants in South Korea, and link the entire process from stablecoin payment to Korean won settlement.
According to comparative news, the Hong Kong police launched a two-phase Hong Kong operation from August 7 to 8. They successively searched several locations, busted puppet account coordination and fund processing centers, and seized a large amount of evidence such as bank cards, cash, and electronic devices. It arrested 147 people and disrupted a criminal network that used a large number of “puppet accounts” to transfer funds. The amount involved was close to HK$600 million. The police investigation revealed that the gang involved in the case attempted to conceal the source of funds by soliciting bank accounts from others and using multiple accounts to split funds, make frequent transfers, and hierarchical transfers. Some account holders leave their online banking login data under the control of others after receiving a reward of hundreds to thousands of HKD. The police pointed out that the subject involved in the case adopted a “fault” management model, passed instructions through close friends, avoided direct contact with relevant funds, and arranged for the processed funds to be transferred to the accounts of related parties to further conceal the flow of funds. The operation arrested a total of 147 people and seized about HK$3.65 million in cash, as well as property such as watches, jewellery, vehicles, etc., with a total value of about HK$5 million. The police said they have successfully cut off the relevant funding chain and will continue to track down the personnel behind the scenes and the flow of funds. The police reminded the public not to sell, rent or lend personal bank accounts; otherwise, they may be used by criminals to transfer funds illegally, and bear relevant legal responsibilities. (RTHK) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
In comparison, according to a16z data, as cryptocurrency cards gradually became the mainstream payment method, their monthly spending has exceeded 750 million US dollars. Users can now spend with stablecoins anywhere traditional bank cards are accepted, and funds are automatically converted to local currency at checkout.
According to the news, the crypto trading platform Bitget announced that it will stop providing trading services to Japanese residents and plans to close all remaining positions by December 31, 2026. Bitget stopped accepting new registration applications from Japanese users on Sunday. Existing users who believe that the platform has mistakenly identified them as residents of Japan are required to complete Level 2 authentication and submit proof of address before November 1. Bitget said that accounts that have not completed verification will enter the liquidation-only mode from November 1. Users will not be able to add positions or use services such as spot trading, contract trading, copy trading, trading robots, and profit products, but they can still deposit and withdraw within the limits. The platform will forcibly close all remaining positions and suspend bank card services on December 31. Users can still withdraw assets thereafter. Bitget said the move was to comply with local regulatory requirements in Japan. Japan recently passed relevant legislation to reclassify crypto assets as financial instruments. In the future, crypto platforms operating without registration may face fines of up to $62,800 and up to 10 years in prison. Bitget is currently the 5th largest crypto trading platform by CoinGecko statistics, with a trading volume of around $715 million over the past 24 hours. Previously, Bitget, Bybit, BitForex, and MEXC all received regulatory warnings for not completing registration with the Japan Financial Services Agency (FSA). This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
According to comparative news, the public security authorities at the Zhanjiang and Leizhou levels in Guangdong, China recently launched a centralized network collection operation to successfully destroy a criminal gang that uses virtual currency transactions to transfer stolen money through telecommunication networks. The 16 members were taken into criminal detention in accordance with the law. The gang, headed by He and Zhang, have relied on the virtual currency transaction model to launder and transfer stolen money since the end of 2025, illegally profiteed by earning transaction price differences, and built up a money laundering chain in large numbers by collecting payment accounts such as personal bank cards, WeChat, and Alipay. In the early morning of July 24, the police accurately collected the network across regions and destroyed the gang throughout the chain. Zhanjiang Public Security solemnly warned that laundered money laundering is an important accomplice in telecommunication network fraud. Depending on the seriousness of the circumstances, the people involved will be suspected of aiding criminal activities, concealing, and concealing criminal proceeds and proceeds of crime. The general public must not rent, lend, or sell personal bank cards and various payment accounts because they are greedy for small commissions, resolutely prevent participation in illegal activities such as virtual currency fund transfers, money laundering, etc., consciously protect personal credit information and property safety, and actively stay away from all kinds of illegal and criminal activities involving fraud.
Comparatively, the Xilin Gol League Intermediate People's Court of Inner Mongolia Autonomous Region handed down a second judgment upholding Ma's case involving illegal operations. This is one in a series of cases where the quadripartite payment platform provided funds for gambling platforms. In this case, some of the defendants were accused of receiving commissions or rebates in the form of virtual currencies such as USDT. According to the investigation, between May 24, 2022 and October 18, 2023, 5 people including Ma collected and paid illegal funds through third-party payment accounts, and used virtual wallets to collect USDT virtual currency and bank card payments. Through 105 merchants of 10 third-party payment companies, the settlement amount exceeded RMB 2.95 billion. In the end, the court found that Ma had committed the crime of illegal business and was finally sentenced to 4 years and 6 months in prison and a fine of RMB 3 million yuan. The five people who arrived in the case one after another had already been sentenced by the court to 3 to 6 years in prison for illegal business. (Surge News)
Comparative news, according to a report by Pengping News, the Xilin Gol League Intermediate People's Court of Inner Mongolia Autonomous Region handed down a second judgment upholding Ma's original judgment in the case involving illegal business. This is one of a series of cases where the four party payment platforms provided funds to pay and settle gambling platforms. Some of the defendants in this case were accused of receiving commissions or rebates in the form of virtual currencies such as USDT. According to the investigation, between May 24, 2022 and October 18, 2023, 5 people including Ma collected and paid illegal funds through third-party payment accounts, and used virtual wallets to collect USDT virtual currency and bank card payments. Through 105 merchants of 10 third-party payment companies, the settlement amount exceeded RMB 2.95 billion. In the end, the court found that Ma had committed the crime of illegal business and was finally sentenced to 4 years and 6 months in prison and a fine of RMB 3 million yuan. The five people who arrived in the case one after another had already been sentenced by the court to 3 to 6 years in prison for illegal business.
Source: Compiled and compiled by Tiger Research: BitPushNews headlines continuously report news about AI agents (artificial intelligence agents) carrying out autonomous transactions and processing payments. However, the crypto wallet industry has already secretly paved the way for this. Currently, more than ten companies are building custom wallets specifically for AI Agents. What exactly are they looking for? What is the potential ultimate return? Key Takeaways When AI agents browse the internet and buy goods or information on behalf of humans, they end up generating thousands of micropayments worth only a few cents each. Existing bank card payment networks (Card Rails) can't support such a small payment scale, so wallets that can automatically split and send funds based on pre-set conditions are critical. Despite the current lack of short-term profitability, companies such as Coinbase and Binance are actively building AI wallet infrastructure. Because this can target future customer groups before AI Agents begin large-scale transactions. The core of this phase is to build a user base before actual demand explodes. According to data calculations based on Coinbase, the rise in AI Agent usage is expected to increase its current revenue by up to 7 times. The payment records accumulated in the wallet can show whether the AI Agent is profitable, which opens the door to loans based on future earnings — similar to providing credit loans to small and micro businesses based on their credit card sales history. This is still at the stage of “possibility” rather than “proven”. Currently, AI agents still make operational mistakes and perform erroneous payments, and the relevant rules vary from country to country and company, and the legal status of AI agents is unclear. Therefore, the current competition is not about capturing current revenue, but rather about gaining an advantage in a large market that is expected to take shape several years ahead of schedule. 1. AI Agents are gaining momentum Earlier this year, an experiment that sparked widespread discussion on the prediction market Polymarket provided an AI Agent with $50 start-up capital and allowed it to trade independently. The experimental condition is that if it is unable to pay its own API and server costs through independent profit, it will cease to exist. The Agent then successfully completed the deal, and since then, a series of other Agents have begun to trade in a similar manner. Although AI Agents are not yet fully integrated into everyday life, there is no doubt that they will be widely used in the near future. 2. Every transaction with Agent begins when the wallet AI Agent has yet to enter the field of everyday payments. Their most active application right now is a cryptocurrency trading bot running within the crypto ecosystem. These bots are independent of traditional payment networks and specialize in cryptocurrency transactions. However, in the future, payments will expand into areas that are unimaginable today. As described in previous reports, AI is changing the nature of payments themselves. Once an Agent (not a human) directly interacts and navigates the web, the amount of a single payment drops dramatically. The cost of an API call or a single data query can be as low as $0.001, or even $0.00001 in extreme cases. Beyond current wallet usage scenarios, a programmable payment system (Programmable Payment System) is required to automatically split and send such small payments according to pre-set conditions without human intervention throughout the process. This is the context in which the x402 payment network came into being, and wallets are the foundation of the network's operation. However, existing payment networks are designed with “people” as transaction subjects. Credit cards are issued to individual cardholders and operate on a “chargeback (chargeback)” structure — that is, when there is a problem with the transaction, a human initiates a dispute and cancels the transaction, and a fixed processing fee of up to several tens of cents is set for each transaction. When a person makes an occasional $20 purchase, that's no problem; but once the Agent starts sending thousands of payments per second—even $0.001 per API call or $0.00001 per data record—this payment model no longer works economically. The core question is...
Comparatively, Sandy Kaul, head of digital assets and innovation at investment management firm Franklin Templeton, said that the AI agency economy will increase demand for blockchain protocols to carry machine-to-machine micropayments. Traditional bank card networks are not suitable for proxy payments due to fees and settlement times. Sandy Kaul pointed out that blockchain networks such as Aptos, Solana, and BNB Chain are more suitable for the proxy economy, and their transactions can be settled within seconds, faster than the settlement time of 1 to 3 business days on the Visa network. Payment company Visa and investment verification platform Artemis said in a joint report that traditional bank cards for low-frequency human commercial activities are insufficient to support AI agents; the latter require nearly zero fees and faster settlement. Since its launch in May 2025, the x402 payment protocol developed by Coinbase has reached an adjusted transaction volume of $15 million, and the number of adjusted transactions has exceeded 109 million. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)