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ERC-8004: The Missing Permission Layer for Smart Wallets

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ERC-8004: The Missing Permission Layer for Smart Wallets

Ethereum wallets have evolved fast—but permissions haven’t.

We went from single private keys to smart contract wallets, from EOAs to Account Abstraction, from manual signing to automation. Yet one core problem keeps resurfacing:

Wallet access is still mostly all-or-nothing.

ERC-8004 exists to fix that.

The Problem With Today’s Wallet Permissions

Most wallets today operate on a blunt security model:

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If you give access to a bot, dApp, or automation tool, you’re often granting far more power than intended. That’s why:

Smart wallets became programmable—but permissions stayed primitive.

What ERC-8004 Proposes

ERC-8004 is a proposed Ethereum standard designed to introduce fine-grained, programmable permissions for smart wallets.

Instead of blanket approval, wallets can define explicit constraints, such as:

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  • Who can act on behalf of the wallet

  • Which contracts can be interacted with

  • Spending caps per transaction or time window

  • Allowed function calls

  • Expiration times

  • Gas or sponsorship rules

In plain English:
ERC-8004 lets you say “yes, but only like this.”

Why This Matters for Account Abstraction

ERC-8004 pairs naturally with ERC-4337 (Account Abstraction).

ERC-4337 changes how transactions are executed.

ERC-8004 pairs naturally with ERC-4337 (Account Abstraction).

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ERC-4337 changes how transactions are executed.
ERC-8004 defines what is allowed to be executed.

Together, they enable:

Without a permission layer like ERC-8004, Account Abstraction wallets remain powerful—but dangerous.

The Automation & AI Angle

DeFi’s next phase isn’t more dashboards. Its agents.

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Bots that:

But automation without constraints is a liability.

ERC-8004 allows:

  • Bots that can trade, but not withdraw

  • Agents that operate only on approved protocols

  • Limits that cap damage from bugs or exploits

  • Time-boxed permissions that self-revoke

This is the difference between autonomy and recklessness.

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Current Status: Early, But Inevitable

Important reality check:

That said, the direction is unavoidable.

As wallets become the control layer for capital, identity, AI, and on-chain automation, permission abstraction becomes mandatory, not optional.

Why ERC-8004 (or Something Like It) Will Win

Crypto doesn’t fail because of a lack of power.
It fails because power is unsafe to use.

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ERC-8004 introduces:

In the long run, users won’t ask:
“Can my wallet do this?”

They’ll ask:
“Can my wallet do this safely?”

ERC-8004 is one of the first serious attempts to answer that question.

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Banks, Crypto fail to reach agreement in White House stablecoin meeting

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Banks, crypto fail to reach agreement in White House stablecoin meeting - 1

A White House meeting on stablecoin yield and rewards ended without a deal, but participants described the discussions as more productive than previous talks, according to details shared by journalist Eleanor Terrett.

Summary

  • White House stablecoin yield talks ended without a deal, but both banks and crypto firms described the meeting as more productive than earlier discussions.
  • Banks introduced written “prohibition principles” and signaled limited flexibility by acknowledging potential exemptions for transaction-based stablecoin rewards.
  • The White House urged both sides to reach an agreement on stablecoin rewards regulation by March 1, with further talks expected soon.

The gathering brought together senior banking executives, crypto industry leaders, and policy staff to debate whether and how stablecoin issuers should be allowed to offer yield or rewards.

While no compromise was reached, negotiations moved into more detailed territory.

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White House stablecoin talks show progress but no final deal

Banking representatives arrived with a written set of “prohibition principles” outlining firm red lines around stablecoin rewards. These principles detailed what banks are willing to accept and where they refuse to budge.

Banks, crypto fail to reach agreement in White House stablecoin meeting - 1

One notable shift emerged. Banks included language allowing for “any proposed exemption” related to transaction-based rewards.

Sources described this as a meaningful concession, as banks had previously declined to discuss exemptions altogether.

Much of the debate centered on “permissible activities.” This refers to what types of account behavior would allow crypto firms to offer rewards. Crypto companies pushed for broad definitions. Banks argued for narrower limits to reduce risk and regulatory exposure.

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Ripple’s Chief Legal Officer Stuart Alderoty said that “compromise is in the air,” signaling cautious optimism despite unresolved issues.

March 1 deadline looms as talks continue

The meeting was smaller than the first White House session on stablecoins. It was led by Patrick Witt, Executive Director of the President’s Crypto Council. Staff from the Senate Banking Committee were also present.

Crypto attendees included representatives from Coinbase, a16z, Ripple, Paxos, and the Blockchain Association. Major banks in attendance included Goldman Sachs, JPMorgan, Bank of America, Wells Fargo, Citi, PNC, and U.S. Bank, alongside leading banking trade groups.

The White House has urged both sides to reach an agreement by March 1. Further discussions are expected in the coming days. However, it remains unclear whether another full-scale meeting will be held before the deadline.

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xMoney Expands Domino’s Partnership to Greece, Powering Faster Checkout Experiences

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xMoney Expands Domino’s Partnership to Greece, Powering Faster Checkout Experiences

[PRESS RELEASE – Vaduz, Liechtenstein, February 9th, 2026]

xMoney ($XMN) is expanding its partnership with Domino’s, bringing its payment infrastructure to Domino’s Greece following a successful rollout in Cyprus.

The collaboration focuses on acquiring services, enabling Domino’s Greece to accept card payments and digital wallets, including Apple Pay and Google Pay, across both web and mobile ordering platforms.

At the core of the integration is xMoney’s embeddable checkout solution, designed to deliver a seamless payment experience without redirection. Customers complete their orders faster, while all sensitive payment data is securely handled by xMoney’s compliant infrastructure.

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The expansion was announced in person at a community event hosted at SuiHub Athens – a community space established to support builders and Sui ecosystem partners – bringing together the xMoney and Sui teams, Domino’s representatives, and building on xMoney’s previously announced work with Sui to expand real-world payment access across Europe.

“Domino’s operates in a high-volume, real-time environment where speed and reliability are critical,” said Manos Tsouloufris, CTO of Daufood. “xMoney’s checkout solution supports multiple payment methods in a single, seamless flow, helping us serve customers faster at scale.”

While the current implementation focuses on fiat payments, the two teams are also exploring future possibilities around digital asset payments, where network speed, user experience, and confirmation times make sense for real-world commerce.

The launch in Greece represents the next step in a broader European expansion, reinforcing xMoney’s role as a trusted payments partner for brands that operate at scale and its presence within the Sui ecosystem reflects a growing focus on practical, consumer-facing payment experiences built for everyday use.

“When people order food, they don’t think about payments, and that’s exactly the point,” said Gregorious Siourounis, Co-Founder and CEO of xMoney. “Our role is to make checkout fast, reliable, and invisible, so brands like Domino’s can focus on their customers. Bringing this experience to Greece is a natural next step.”

As xMoney expands across markets and merchant use cases, XMN supports the broader ecosystem by aligning long-term participation and infrastructure growth across the network. Designed to sit alongside xMoney’s licensed payment rails, XMN helps structure how value, incentives, and future on-chain capabilities evolve, without impacting the simplicity of everyday checkout experiences.

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Faster checkout. Less friction.

Payments that deliver.

About Domino’s

Founded in 1960, Domino’s Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. It operates a network of company-owned and independent franchise stores in the United States and more than 90 international markets.

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About xMoney

xMoney is revolutionizing the payments landscape with strategic European licenses, delivering a seamless, secure, and forward-thinking ecosystem powered by innovative product design, cutting-edge technology, and unwavering compliance. XMN, xMoney’s newly launched token, is natively integrated into the licensed and regulated payment infrastructure – empowering merchants and consumers with lightning-fast, trustworthy transactions underpinned by full regulatory transparency. Now trading on Kraken, KuCoin, MEXC, Bitvavo, Bluefin and other exchanges, XMN is primed for broader adoption with a robust pipeline of integrations ahead.

Contact details:

Website: www.xmoney.com

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Crypto Speculation Era Ending As Institutions Enter Market

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Crypto Speculation Era Ending As Institutions Enter Market

The days of outsized gains in crypto may be coming to an end as more risk-averse institutional players are entering the space, replacing retail investors who chase rapid gains, according to Galaxy CEO Mike Novogratz.

Novogratz reportedly said at the CNBC Digital Finance Forum on Tuesday in New York that it reflects the maturing industry. 

“Retail people don’t get into crypto because they want to make 11% annualized,” he said. “They get in because they want to make 30 to one, eight to one, 10 to one,” he said. 

Novogratz referenced FTX’s collapse in 2022, which resulted in a bear market that saw Bitcoin (BTC) prices fall 78% from $69,000 to $15,700 in November that year, stating that there was a “breakdown in trust” then. 

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Novogratz also acknowledged that the Oct. 10 leverage flush, which he called a significant event that “wiped out a lot of retail and market makers,” and increased selling pressure — though there wasn’t any major catalyst.

“This time, there’s no smoking gun,” he said. “You look around like, what happened?”

“Crypto is all about narratives, it’s about stories,” he said. “Those stories take a while to build, and you’re pulling people in … so when you wipe out a lot of those people, Humpty Dumpty doesn’t get put back together right away.”

Tokenized real-world assets will drive markets

Novogratz said he expects the industry to shift from high-return speculation to more practical applications, such as tokenized real-world assets that offer steadier returns.

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However, some traders will always speculate, said Novogratz, but it’s going to be “transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial services to the whole world. And so, it’s going to be real-world assets with much lower returns.”

Related: Chainlink co-founder’s 2 reasons this bear market feels different

Chainlink co-founder Sergey Nazarov made a similar argument on Tuesday, stating that tokenized RWAs will “surpass cryptocurrency in the total value in our industry, and what our industry is about will fundamentally change.”

Long-term Bitcoin believers will be fine

David Marcus, the co-founder and CEO of Lightspark and a former PayPal executive, told Bloomberg on Tuesday that there has also been a shift in who is holding Bitcoin

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“It’s just a change of who’s holding Bitcoin, and you’re moving from people that had long-term belief and were holding Bitcoin directly to just access to Bitcoin being wired off to our financial system and markets.”

He added that the change in holders and the Oct. 10 leverage flush have changed the dynamic, but those who have long believed that Bitcoin is a “hedge to everything else that’s happening in the markets” will be fine.

David Marcus speaks on Bitcoin holder changes. Source: Bloomberg

Magazine: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest