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Visa: AI agent payments are accelerating in development, with x402 processing approximately $15 million in on-chain transaction volume.

2 hours ago

Visa has released a joint research report with Artemis titled *Agentic Payments from the Ground Up*, which analyzes the development of AI agent payments and on-chain data. The report divides AI agent payments into two main categories: one is "large commercial payments" where agents complete tasks such as flight bookings and subscription management on behalf of users; the other is small-value machine-to-machine payments, including API calls and compute resource purchases, typically under $1. The machine payment protocol x402—incubated by Coinbase and Cloudflare and later managed by the Linux Foundation—has processed an adjusted trading volume of approximately $15 million and around 109.6 million cumulative transactions since its launch in May 2025, with primary activity concentrated on the Base, Solana, and Polygon networks. Another machine payment protocol, the Machine Payments Protocol (MPP), built by Stripe and Tempo with contributions and support from Visa, has completed roughly $25,000 in settlements and processed about 115,000 transactions since its launch in March 2026. Visa noted that the growth of AI agent payments is driving demand for low-cost, high-frequency machine-native payment infrastructure, and stablecoins and blockchain networks are likely to become key components of micro-payment scenarios. The report concludes that future payment systems will not see a single replacement of bank cards or stablecoins, but rather a convergence of both across different use cases.

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A major whale has shorted ChangXin, opening a $3.8 million short position and planning to add more to it.

According to Lookonchain’s monitoring, a newly created whale address has deposited $10 million USDC on the Hyperliquid platform to short CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology). The wallet has opened a 1x short position of 514,357 CXMT, worth $3.8 million, and placed a limit order to build an additional short position of 490,000 CXMT, valued at $4.17 million, between $8 and $9.

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Japanese and South Korean stock markets closed lower, with the KOSPI index plunging 6.4%, and the storage sector taking a heavy hit.

According to Bitget market data, the Nikkei 225 index closed down 1,915.97 points, or 2.79%, at 66,835.54 points. Japanese storage chip firm Kioxia plunged 14%. South Korea’s KOSPI index closed down 466.06 points, a 6.4% drop, at 6,818.35 points. SK Hynix fell 11%, while Samsung Electronics declined 8%. South Korea stated it will soon announce measures to resolve the controversy over leveraged ETFs tied to Samsung Electronics and SK Hynix stocks that have exacerbated stock market volatility.

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【Whale Alert】Smart money’s early short positions on SPCX have generated a 327% profit; the first lock-up release window is likely to arrive in over 20 days.

According to Hyperinsight’s monitoring, SPCX was officially added to the Nasdaq 100 Index ahead of the U.S. stock market opening on July 7. The address starting with 0xf929 took a contrarian short position the day before the positive news took effect, likely judging that the good news had already been priced in. It opened its position in the afternoon of July 6 and continued adding to it until the morning of July 10. Currently, this SPCX short position totals 1,005 contracts with an average price of $163.1, for a total short volume of around 44,000 units. As of press time, SPCX is trading at $136.5, and the address has an unrealized profit of $1.167 million, with a return rate of 327.2% and a liquidation price of approximately $202.7. The market’s main current expectation is that SpaceX (ticker: SPCX) will release its first quarterly earnings report after the U.S. market closes on August 6 (Eastern Time). The first earnings-triggered lock-up expiration is around the market open on August 10, allowing the sale of 20% of locked shares; an additional 10% may be unlocked if the stock meets performance targets. The first fixed lock-up expiration of 7% is expected around August 21. In addition to the SPCX position, the address’s long Ethereum (ETH) position also generated high returns. It bought 4,000 ETH on July 2, and currently holds a fully-leveraged long position of around $7.702 million at 20x leverage, with an average entry price of $1,658.7. It now has an unrealized profit of approximately $1.067 million, with a return rate of around 321.6%. Beyond these two high-return positions, the address started bottom-fishing for SK Hynix last night and continued adding to its position this morning. This round totals 5,000 long contracts with a transaction value of around $6.566 million; it currently holds a fully-leveraged position at 10x leverage, with an average price of $1,313.2, and an unrealized loss of approximately $351,000.

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Binance launches three U.S. ETF perpetual contracts, offering up to 25x leverage.

According to official announcements, Binance has launched multiple USDT-margined TradFi perpetual contracts, including MUUUSDT, SOXSUSDT, and TZAUSDT perpetual contracts. MUUUSDT corresponds to Direxion Daily MU Bull 2X ETF (MUU), which tracks the daily 2x return performance of Micron Technology. SOXSUSDT corresponds to Direxion Daily Semiconductor Bear 3X Shares (SOXS), tracking the daily 3x inverse performance of the NYSE Semiconductor Index. TZAUSDT corresponds to Direxion Daily Small Cap Bear 3X Shares (TZA), tracking the daily 3x inverse performance of the Russell 2000 Index.

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Hyperliquid's TSMC contract rallied then pulled back, dropping over 4% intraday.

According to market data, Hyperliquid-listed contracts tied to Taiwan Semiconductor Manufacturing Co. (TSM) surged intraday before pulling back, with their decline once widening to over 4%. Earlier, TSMC released its Q2 2026 financial report: net profit rose 77% year-on-year to NT$706.6 billion, hitting a record high and beating market expectations; Q2 revenue grew 36% year-on-year to NT$1.27 trillion, while high-performance computing (HPC) segment revenue increased 20% quarter-on-quarter.

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Ostium trading remains suspended, with user margin still frozen.

Perpetual decentralized exchange (Perp DEX) Ostium stated in a post that platform trading remains suspended following the security incident. User positions are still open but cannot be modified temporarily; trading margin remains in the frozen smart contract and has not been moved. Ostium added that its team is continuing to coordinate with relevant authorities, SEAL 911, and multiple security researchers, and will release updates on the timeline for smart contract activity resumption and fund recovery. According to PeckShield’s monitoring, Ostium’s public OLP vault was hacked for approximately 24 million USDC, with the attacker subsequently converting the funds to around 12,100 ETH, of which about 10,500 ETH has been transferred to Tornado Cash.

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