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AI Payment Public Chain Kite AI Receives Strategic Investment from Coinbase Ventures, Joining Forces to Advance the x402 Intelligent Agent Payment for Mass Adoption

2025.10.27 21:16:20

On October 27th, the AI Payment Public Chain project Kite AI announced that it has obtained strategic investment from Coinbase Ventures. According to the official information, this financing is a continuation of Kite's recent $33 million financing round, which was led by PayPal Ventures and General Catalyst. The new funds will be utilized to support the development of its proprietary AI smart agent payment infrastructure and to collaborate with Coinbase in order to accelerate the widespread adoption of the x402 protocol. It is reported that Kite has natively integrated Coinbase's x402 smart agent payment standard since its establishment. As one of the earliest Layer 1 blockchains to fully implement x402-compatible payment primitives, Kite enables AI smart agents to directly initiate, receive, and settle payments through standardized intent authorization. This has established Kite's position as a native execution and settlement layer for the x402 protocol and the emerging smart agent economy.
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Bhutan's Sovereign Wealth Fund Sells Over 25,000 Ether During Morning Dip to Deleverage

On-chain data from February 1st shows an address tied to Bhutan’s sovereign wealth fund Druk Holdings actively sold stETH (staked Ethereum) this morning during Ethereum’s flash crash (around 2:30 AM ET) to avoid liquidation. The transaction timestamp aligns with Ethereum’s short-term low of $2243. The address is estimated to have sold roughly 25,816 ETH in a short window, while simultaneously repaying a USDT loan on the Aave protocol. As of press time, the account’s health factor on Aave stands at 1.10. It holds 78,245.7949 stETH and still owes $137.8 million in USDT loans.

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Rug Pull: $86.01M Stolen from Crypto in January 2026

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Peter Brandt Suggests Bitcoin Could Fall to $58K in Recent Post

Feb. 1st: Renowned trader and chart analyst Peter Brandt—who correctly predicted the 2018 Bitcoin crash—hinted this morning that Bitcoin could drop to $58,000. The attached chart shows BTC hovering near the lower bound of a logarithmic channel, pointing to a continued bear market. Yesterday, Brandt forecast Bitcoin will bottom out and rebound between August and October, then rally sharply.

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On February 1st, CryptoQuant CEO Ki Young Ju said in a social media post that Bitcoin prices have continued to decline due to sustained selling pressure and a lack of new capital inflows. Early Bitcoin holders—who’ve amassed massive unrealized gains from ETF and MicroStrategy (MSTR) buying pressure—started taking profits early last year. Back then, strong capital inflows kept Bitcoin’s price around $100,000, but those inflows have now dried up. However, Ki also noted that MicroStrategy is the main driver behind this rally. The market won’t see a 70% crash like in previous cycles unless Michael Saylor (MSTR’s CEO) sells off a significant portion of his holdings. While the current market bottom isn’t clear yet, this bear market could lead to a broad consolidation range.

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