Visa and analytics firm Artemis released a research report highlighting how stablecoins will facilitate micro-commerce in the age of the agentic economy.
→ macro-commerce, in which agents act on behalf of humans for consumer-sized transactions such as booking travel or managing subscriptions;
→ micro-commerce, which involves frequent sub-dollar payments between software systems for services such as API calls or compute resources.
While the report said traditional card rails remain well suited for macro-commerce, fixed fees associated with existing rails make sub-dollar micro-payments uneconomic. Newer blockchains have reduced settlement costs to fractions of a cent, which makes stablecoins a more viable option for such payments.
"In all likelihood, this won't come down to a choice between cards and stablecoins. Both will have a place," Visa said. "Cards are a good fit for the proxy and macro purchases that happen inside today's merchant networks. Stablecoins suit the machine-native micropayments."
The platform launched with support for Open USD, a recently introduced stablecoin from Open Standard, and includes tools for minting and redeeming the token along with wallet infrastructure for managing onchain assets.
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🌍🤝 Twenty-nine countries sign agreement to establish global AI cooperation body
Twenty-nine countries signed an agreement to establish the World AI Cooperation Organization, an intergovernmental body China says aims to promote international cooperation and global governance in AI.
Representatives from the 29 countries, including Russia, Belarus, Serbia, Cuba, Brazil and Venezuela, as well as 10 African and 12 Asian countries, signed the agreement as founding members. The organization's headquarters will be located in Shanghai.
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Twenty-nine countries signed an agreement to establish the World AI Cooperation Organization, an intergovernmental body China says aims to promote international cooperation and global governance in AI.
Representatives from the 29 countries, including Russia, Belarus, Serbia, Cuba, Brazil and Venezuela, as well as 10 African and 12 Asian countries, signed the agreement as founding members. The organization's headquarters will be located in Shanghai.
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"I realize that some people really dislike AI, but this is an area where I'm willing to absolutely put my foot down [...] Linux is not one of those anti-AI projects.
AI is a tool, just like other tools we use. And it's clearly a useful one. It may not have been that "clearly" even just a year ago, but it's no longer in question today."
Torvalds' comments follow recent recommendations from the Software Freedom Conservancy around AI/LLMs and Linux kernel developers discussing the Sashiko AI code review that has become more prolific in the kernel development community these past few months.
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🕵🏻♂️ Florida man arrested after stealing $220,000 in crypto using malware hidden in Steam Games
Federal agents arrested a South Florida man and charged him with conspiracy to obtain information by computer for private financial gain.
In a 15-page federal criminal complaint, FBI agents said Zyaire Dontaevious Zamarion Wilkins, 21, of North Lauderdale, financed and procured the malware and then helped market the infected games, which were distributed on a “popular digital distribution software company.” Games identified in the complaint ― BlockBlasters, Dashverse, Lunara and PirateFi.
According to the complaint, Wilkins and others helped market the games on social media and messaging applications, including Discord, Telegram, X and LinkedIn. The conspirators targeted specific victims, using bots “to identify individuals with large cryptocurrency holdings and send them targeted messages” encouraging them to download the games.
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Federal agents arrested a South Florida man and charged him with conspiracy to obtain information by computer for private financial gain.
In a 15-page federal criminal complaint, FBI agents said Zyaire Dontaevious Zamarion Wilkins, 21, of North Lauderdale, financed and procured the malware and then helped market the infected games, which were distributed on a “popular digital distribution software company.” Games identified in the complaint ― BlockBlasters, Dashverse, Lunara and PirateFi.
Wilkins and others “gained unauthorized access to approximately 80 cryptocurrency wallets and stole cryptocurrencies worth at least $220,000″ from May 2024 to this February by “launch(ing) eight games embedded with malware and infect(ing) the devices of approximately 8,000 individual customers.”
According to the complaint, Wilkins and others helped market the games on social media and messaging applications, including Discord, Telegram, X and LinkedIn. The conspirators targeted specific victims, using bots “to identify individuals with large cryptocurrency holdings and send them targeted messages” encouraging them to download the games.
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Chinese President Xi Jinping cast Beijing as the champion of a new global AI order. Xi urged countries to seize the "historic opportunity" of open-source AI, and pledged to help developing nations build AI capabilities, warning against the emergence of "new historical injustices" from unequal access to the technology.
"AI development and its application should not erode or undermine the diversity of world civilizations or the uniqueness of cultures of different countries.
We must shape the values of AI with humanity's common values and make good use of AI technologies to increase understanding, tolerance, exchanges, and sharing among all civilizations.
We should tend to the garden of civilizations with great care to ensure that the beauty of each civilization is appreciated and shared."
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The x402 protocol is a payments enabler for internet-based transacting, developed by cryptocurrency exchange Coinbase and now stewarded by its eponymous foundation. The goal is to enable payments between AI agents, machines and users through the standard internet language Hypertext Transfer Protocol (HTTP), without requiring subscriptions or manual entry of credit card details and the like.
“You don't want to be in a walled garden when you're dealing with money,” Dixon said.
“It may seem nerdy to care about standards so much, but we have the opportunity to create this truly open public global financial system that everyone can have access to,” Dixon added.
“Blockchain has already solved the issue of the underlying payment infrastructure of the web, but now it's actually really working because of this agentic piece. It’s being used, perhaps not at scale yet. But it will,” Dixon added.
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“Well, I think that it's hard to even imagine what the world's going to look like in 20 years, but in order for us to continue to be the center of the global economy and to continue to provide the American dream that people have enjoyed for 250 years, we've got to get this right.
And that's the importance of passing the CLARITY Act. And we gotta then build on it. And there's other pieces of legislation that will continue to give the rules of the road to the free market to continue to innovate.”
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Bank of America has appointed new leaders to spearhead the firm's digital assets and AI strategies, following a trend of traditional financial institutions building specialized teams around the technologies.
Theisen will "oversee design, development, scaling and governance of the bank’s digital-assets platform" on top of her current role leading electronic trading and strategic investments across the bank’s fixed income, currencies and commodities division.
Milsom, meanwhile, is tasked with implementing AI across the bank's global markets platforms.
This follows similar efforts seen across many other Wall Street-native banks and institutions.
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Elon Musk's brain-chip company has seven people in its UK study, called GB-PRIME, run with University College London Hospitals and Newcastle Hospitals. The patients all live with severe paralysis, from spinal cord injuries or motor neurone disease, that makes using a phone or computer by hand impossible.
The implant reads brain signals through more than 1,000 electrodes on threads finer than a human hair, placed by a surgical robot. It lets a person move a cursor and type using only their thoughts. The first UK patient controlled a computer within hours of surgery last year. The study is now expanding.
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📱 ZTE Corp. showcased for the first time a lineup of co-designed smartphones with built-in AI services
The state-backed wireless firm demo-ed the NaviX Ultra, which it called the world’s first agentic AI smartphone, at China’s premier tech summit this week in Shanghai. It comes in four colors — black, pink, white and blue — and pulls up ByteDance Ltd.’s popular AI agent Doubao with a voice command or the press of a button.
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The state-backed wireless firm demo-ed the NaviX Ultra, which it called the world’s first agentic AI smartphone, at China’s premier tech summit this week in Shanghai. It comes in four colors — black, pink, white and blue — and pulls up ByteDance Ltd.’s popular AI agent Doubao with a voice command or the press of a button.
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Tesla announced the market entry, with an event page now live. The company registered its local company, Tesla Latvia SIA, last November, and already runs Superchargers in Riga and Rezekne. It completes Tesla's expansion across all three Baltic countries: Lithuania launched in 2024, and Estonia and Latvia followed.
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Los Alamos National Laboratory has taken another step toward its next generation of supercomputing after receiving the first NVIDIA Vera CPU server for an early test deployment, giving researchers their first opportunity to evaluate hardware that will eventually power the Mission and Vision systems.
The delivery marks the beginning of a broader testing phase before the two flagship supercomputers enter service later this decade. Engineers at Los Alamos will use the test platform to validate software, optimize scientific codes, and measure performance on real laboratory workloads before full-scale deployment.
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US firm Cypress Creek Energy and Google have launched construction on the Steel River Energy Center in Mississippi County, Arkansas. Once fully completed by 2029, the three-phase project will be the nation’s largest solar and battery storage project to date. It is expected to deliver 2.5 GWdc of solar energy and 2.9 GWh of battery storage (enough to power over 315,000 Arkansas homes annually).
“This collaboration with Cypress Creek Energy will strengthen the grid and help ensure more reliable, affordable, and clean energy is available for businesses and communities throughout the state,” said Will Conkling, Head of Data Center Energy, Google.
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