Crypto World
Was Bob Lax’s ‘brain-frying’ microwave a secret US weapon?
Undercover US Homeland agents have reportedly purchased secret microwave weapons, capable of inflicting Havana Syndrome on their victims, one year after Bob Lax claimed his Amazon microwave was frying his brain.
News outlet 60 Minutes disclosed that the weapons were purchased from Russian criminal networks and that agents have been testing them at a military base for the past year on various animals.
The weapon is reportedly concealable, emits a beam of microwaves with rapid pulses, produces no heat, can penetrate walls, and has a range of several hundred feet.
Read more: ‘Microwave’ no longer searchable on X amid Bob Lax rumors
The software used for the weapon is key to its success, and 60 Minutes says vacationing FBI officials have been targeted with the weapon while taking their families out for dinner.
In footage described to the outlet, the family can be seen grabbing their heads in pain after a man with a backpack walks into the room.
Bob Lax said his head was fried by pulsing microwaves
In March 2025, Lax, real name Zachery Stuart, left an odd one-star review for a microwave he bought from Amazon. Stuart is a niche crypto celebrity who’s garnered a cultish following based on his ongoing “lore.”
In mostly incoherent sentences, Stuart described the microwave as a “Cuba weapon” that caused a “hum” in his skull and went “pulse pulse pulse.” On top of this, he claimed the microwave was linked to people watching him.
Oddly enough, the specific search phrase “microwave” couldn’t be loaded on X at the time of Stuart’s Amazon review went viral within crypto circles.
Read more: The ‘dead internet’ theory is getting a rebrand — meet Web 4.0
Stuart’s review is eerily similar to reported symptoms allegedly caused by the miniature weapon reportedly being tested in the US, but there’s also a chance the review may just have been mocking a poor-performing Amazon microwave.
Regardless, X users have been drawing parallels between 60 Minutes’ report and Stuart’s review, suggesting he was right and that he should be freed from jail.
He was imprisoned in August 2025 for battery and aggravated assault with a deadly weapon.
Evidence of microwave weapons builds up
60 Minutes previously reported in 2024 that top staff within the US government were suffering from the psychological illness Havana Syndrome.
Havana Syndrome is an unrecognized disease the symptoms of which include blurred vision, pain in the head, ringing ears, and nausea.
It’s been theorised that energy weapons are one of its causes, but studies have disputed whether or not the disease is the product of a moral panic regarding Russia and Cuba attacking the US.
In 60 Minutes’ 2024 report, US officials believed that they were targeted by Russia with a secret weapon that utilizes high-energy microwaves.
Read more: Bitcoin outperforms gold and oil in first days of US-Iran war
Now, Doctor David Relmond told 60 Minutes that Russian scientists have been perfecting the concept of microwave weapons for decades. He called it the ideal stealth weapon and described how it uses energy in “pulses” to incapacitate its victims.
“When you produce pulses like this, you can actually stimulate electrically active tissue, like brain tissue, and the heart for that matter, mimicking what the brain normally does, but now you’re driving it with your pulses from the outside,” he said.
Another secret weapon was teased by President Donald Trump back in February when the US overthrew Venezuela’s former leader, Nicolas Maduro. Trump called it a “discombobulator” and said that the weapon renders military equipment useless.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Mining Bitcoin on a desktop in 2026 may sound simple, but is it profitable? Do rising network difficulty and energy costs mean the end of PCs as Bitcoin mining equipment?
Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict.
The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer.
Japanese bank Mizuho said part of the Circle rally reflects the jump in oil prices following the escalation in Middle East tensions. Higher crude prices could reignite inflationary pressures, potentially reducing expectations for Federal Reserve rate cuts.
Other things being equal, stablecoin issuers are thought to benefit from higher interest rates as that means higher yields on their invested dollars.
Indeed, oil prices have surged since hostilities erupted in the Gulf, with WTI crude up roughly 35% since Feb. 28. Higher energy prices tend to fuel inflation and can limit central banks’ ability to cut interest rates.
Positioning has surely played a role as well.
While the company reported solid growth in USDC supply in its fourth-quarter earnings, analysts say the magnitude of the move likely reflected a crowded short trade ahead of the release.
“The magnitude of the move wasn’t purely about the headline numbers. Positioning was the real catalyst,” said Markus Thielen, founder of 10x Research.
According to his data, hedge funds had accumulated sizable bearish bets ahead of the report. That setup created what Thielen described as a “high-probability short squeeze rather than a fundamental re-rating.”
Short interest currently stands at about 13% of the float, equivalent to roughly two days to cover, according to FactSet data.
Read more: Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments
Crypto brokerage company Blockchain.com is expanding into Ghana as part of a broader push to grow its presence across Africa, following rapid user growth in Nigeria over the past year.
The company said it plans to offer Ghanaian users access to its trading platform as it builds out regional infrastructure and explores additional African markets.
The expansion follows strong growth in Nigeria, where the company launched retail operations last year and reported more than a 700% increase in brokerage transaction volume. According to the company, the most traded assets on its platform in the country have been Bitcoin (BTC), Tether (USDT) and Tron (TRX).
The company said Ghana has also seen rising activity on its platform ahead of the formal launch, with active users increasing 140% over the past year and transaction volumes climbing 80%.
“We are actively collaborating with Ghanaian officials and regulators to help build a regulatory framework and have already established local compliance representation in Ghana,” a Blockchain.com spokesperson said.
The company said expanding local payment infrastructure will be important as it enters the Ghanaian market. “Given how widely used mobile money is in Ghana, integration with the mobile money ecosystem is a key focus,” the spokesperson told Cointelegraph.
Blockchain.com said it is building local teams to support operations, partnerships and regulatory engagement as it expands across the region. The company already operates in more than 70 jurisdictions worldwide and plans to enter additional African markets as part of its long-term growth strategy.
Data from Chainalysis shows Nigeria consistently ranks among the world’s leading countries for grassroots crypto adoption, with activity driven by remittances, currency volatility and a large mobile-first user base.
Founded in 2011 and headquartered in London, Blockchain.com is a cryptocurrency platform that offers trading services, digital asset wallets and other crypto infrastructure to users worldwide.
Related: Uganda opposition leader promotes Bitchat amid fears of internet blackout
Crypto adoption grows across Sub-Saharan Africa
Crypto use has grown quickly across Sub-Saharan Africa in recent years. The region received more than $205 billion in onchain crypto value between July 2024 and June 2025, a 52% increase from the previous year, making it the third-fastest-growing crypto market globally, according to a September report from Chainalysis.
Nigeria dominates crypto activity, receiving more than $92 billion during the period. South Africa, Ethiopia, Kenya and Ghana rank among the next largest markets. Analysts say demand is often driven by cross-border payments, remittances and efforts to hedge against currency volatility.
Speaking at the World Economic Forum Annual Meeting in Davos in January, former UN under-secretary-general Vera Songwe said stablecoins are increasingly used for remittances and cross-border payments. She said traditional money transfers often cost about $6 for every $100 sent, while stablecoins can reduce fees and settle transactions in minutes.
Songwe added that persistent inflation in several African economies and limited access to banking services are also pushing more users toward digital dollar alternatives.
Earlier this month, the executive chairman of Africa Bitcoin Corporation Stafford Masie said that Bitcoin functions as everyday money in some African communities rather than primarily as a store of value. Speaking on the Coin Stories podcast with Natalie Brunell, Masie said some merchants in local circular economies accept payments in satoshis instead of fiat currencies.
Meanwhile, Africa recorded the highest median stablecoin-to-fiat conversion spreads among tracked regions in February, according to data from payments infrastructure company Borderless.xyz.
Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen
Michael Saylor’s latest bitcoin binge — 1,360 Bitcoin in a single day via strc — shows corporate treasury demand actively absorbing supply even as retail second‑guesses the cycle’s next leg.
Summary
- Bitcoin magazine flags saylor’s strategy buying 1,360 btc in one day via strc, a new daily record that stunned market observers.
- Traders frame the move as balance‑sheet absorption, with institutions quietly stacking while retail sentiment stays nervous and reactive.
- The purchase, worth about $93m, lands in a thin‑float market already driven by big treasury buyers, tightening liquidity and reinforcing the up‑only narrative.
Michael Saylor’s Bitcoin (BTC) strategy just set a new daily speed record – and it landed right in the middle of a macro‑driven liquidity squeeze. Bitcoin Magazine reported that “it’s now estimated that Michael Saylor’s Strategy bought 1,360 BTC today via STRC, a new daily record,” underscoring how aggressive corporate accumulation has become even as retail debates whether the cycle is long in the tooth.
The reaction from market participants was immediate and telling. “1,360 BTC in a single day is wild. Corporate Bitcoin accumulation isn’t slowing down,” one commentator wrote, capturing the sense that institutional balance sheets are quietly absorbing supply while sentiment on social feeds remains jumpy. Another observer framed the move as structural rather than cosmetic: “1,360 BTC in a single day… that’s not buying, that’s absorption. While retail hesitates, institutions are quietly stacking. Supply keeps shrinking. The Bitcoin game is simple: They print. Saylor buys.” A third voice put it even more bluntly: “Saylor is single-handedly draining the liquidity pool. 1,360 BTC in a day is aggressive accumulation.”
This is not happening in a vacuum. Live market data show Bitcoin trading around $68,583, up roughly 2.5% over the past 24 hours, with a 24‑hour trading volume of about $50.75 billion and a market capitalization in excess of $1.3 trillion. Ethereum changes hands near $2,014, having climbed about 3.9% on the day, with 24‑hour turnover around $30.1 billion and a market cap of roughly $260.2 billion. Solana trades close to $83.76, up approximately 2.7% in the last 24 hours, on volumes near $5.83 billion and a market value of about $52.77 billion.
In other words, Saylor’s 1,360 BTC haul – at current prices worth roughly $93 million – landed in a market that is already tight on float and increasingly dominated by large, repeat buyers rather than marginal speculators. For traders trying to read the next leg, the message from this episode is straightforward: corporate treasury demand remains deeply pro‑cyclical, willing to lean into volatility and, in the process, reshape the liquidity profile of Bitcoin’s up‑only narrative.
Wyoming Senator Cynthia Lummis, a veteran advocate for crypto policy, is reviving a tax-focused approach as lawmakers weigh a sweeping digital asset framework. She, who has signaled plans to leave the Senate in 2027, used a recent platform to push for a de minimis exemption on small cryptocurrency transactions, arguing it could clarify when a sale becomes a capital gains event versus when digital assets simply function as a medium of exchange. In a CNBC interview from March 2026, Lummis underscored the need for a practical tax treatment that mirrors everyday usage of digital money, particularly for routine on-chain activity. The conversation comes as committees on both sides of Capitol Hill study a concept that would make it cheaper to transact with Bitcoin (CRYPTO: BTC) and other assets without triggering immediate tax consequences.
Key takeaways
- The proposal would extend a de minimis tax exemption to crypto transactions under $300, with an annual cap of $5,000, aligning with a standalone bill introduced in July 2025.
- The aim is to let Bitcoin (CRYPTO: BTC) serve as a practical means of exchange in everyday purchases while preserving a framework for capital gains when appropriate.
- Progress on the broader crypto market structure bill remains unsettled in the Senate, with concerns about tokenized equities and regulatory responsibilities slowing movement after Coinbase (EXCHANGE: COIN) signaled opposition to the text as written.
- President Donald Trump amplified the policy debate by urging banks to strike a deal with the crypto sector, arguing that the CLARITY Act should not be used as leverage in financing negotiations.
- Senator Lummis’s influence in the debate persists even as she disclosed she will not seek reelection, with her last day in January 2027.
Tickers mentioned: $BTC, $COIN
Sentiment: Neutral
Market context: The stalled track of the crypto market structure bill highlights the tension between innovation in digital assets and the traditional regulatory framework, a dynamic playing out amid ongoing debate over tokenized securities, stablecoins, and cross-border compliance. The outcome will influence how market participants plan liquidity, tax strategies, and regulatory alignment as the ecosystem matures.
Why it matters
The push for a de minimis exemption on crypto transactions reflects a broader effort to reconcile the fast pace of digital asset innovation with the slow-moving machinery of fiscal policy. If enacted, the exemption could reduce friction for everyday crypto use, encouraging individuals to transact with smaller sums without immediate tax penalties and potentially increasing on-chain activity in economies where digital currencies coexist with traditional payment rails. For users, this could mean a more predictable tax treatment for micro-transactions, while investors and developers may reassess the timing and scale of on-chain experiments within a clarified tax landscape.
However, the debate is far from theoretical. The market structure bill—part of a larger regulatory package—has become entangled in the broader questions surrounding tokenized equities, the division of responsibilities among U.S. financial regulators, and the ethics surrounding potential conflicts of interest in policy design. Coinbase (EXCHANGE: COIN) has raised concerns about the text as drafted, arguing that certain provisions could hamper the innovation curve or expose exchanges to unintended liabilities. The discord contributed to a postponement of a planned Senate markup, underscoring how even widely anticipated reforms can stall when industry stakeholders push back on specifics.
On the political front, the discourse extends beyond technical provisions. President Trump, actively staking a position in the crypto-policy debate, urged banks to negotiate in good faith with the industry and warned against treating the CLARITY Act as leverage in financial negotiations. The public commentary illustrates how crypto regulation has become a partisan, high-stakes issue with implications for monetary policy, banking relationships, and the competitive positioning of U.S. firms in a global, rapidly digitalizing market. The practical effect is a policy environment that remains uncertain, even as lawmakers repeatedly emphasize the importance of clarity and consumer protection for market participants.
Additionally, the underpinnings of the policy debate touch on the broader macro and regulatory backdrop. Tokenized securities, yield-bearing stablecoins, and the governance models powering digital assets all feed into the legislative calculus, shaping whether a future framework will encourage responsible innovation or risk creating a patchwork of inconsistent rules across asset classes. The discussion is not merely about whether to tax crypto transactions differently; it is about how to design a coherent regime that can scale with evolving technologies while maintaining investor confidence and financial stability.
The conversation around de minimis tax exemptions is also a reminder of Lummis’s long-standing role in crypto policy. As a member of the Senate Banking Committee, she has consistently positioned herself at the intersection of technology policy and financial regulation. Her open commitment to the idea of a threshold under which crypto transactions would not trigger capital gains aligns with the broader aim of enabling practical usage of digital assets in everyday commerce, as lawmakers balance risk, consumer protection, and innovation.
Looking ahead, the regulatory path remains highly uncertain. The CLARITY Act’s fate in the Senate hinges on a delicate balance of concerns from both parties, industry perspectives, and the evolving pulse of the market. Whether the de minimis proposal becomes a centerpiece of a larger tax reform package or remains a policy experiment will depend on negotiations within committees, potential amendments, and the ability of proponents to secure cross-party support in a political environment that has, at times, treated crypto policy as a proxy for broader debates over technology and finance.
For market participants, the unfolding discourse signals that concrete tax-based incentives and regulatory clarity could become more tangible in the months ahead, even as the exact contours of a final bill remain in flux. The interplay between tax policy, regulatory oversight, and industry input will shape how participants plan their capital allocations, user onboarding, and product strategies in a landscape that continues to evolve rapidly.
Additional context around these discussions includes references to prior reporting on Lummis’s policy initiatives and the evolving stance of major industry players. See the July 2025 standalone crypto tax bill introduction and the subsequent discussions around the CLARITY Act’s provisions and treatment of tokenized assets, as well as coverage of Coinbase’s publicly stated concerns about the bill’s current form. For broader regulatory commentary on how policy is shaping the crypto sector, related analyses consider how the “four-year cycle” debates and other macro considerations interact with on-chain activity and institutional engagement.
Video coverage of Lummis’s remarks and related policy discussions can be found in the CNBC interview linked earlier, and further exploration of the legislation and industry responses is available through targeted reports and official statements. The evolving conversation underscores that, even as individual provisions gain or lose momentum, the path to a cohesive, enforceable framework for digital assets will require ongoing negotiation among lawmakers, regulators, and market participants.
To watch the referenced CNBC interview and review the broader policy discussions, visit the linked sources and the related Cointelegraph analyses that tracked the standalone crypto tax bill and the market structure debate as it unfolded on Capitol Hill.
Video source: CNBC interview
Further context on the standalone bill and market-structure considerations: Lummis’s standalone crypto tax bill and the CLARITY Act discussions with Coinbase.
Trump’s take on the crypto-banking dynamic can be explored in the coverage here: Trump on banks and the stalled bill.
For additional perspectives on policy debates and market responses, see related analyses that examine the evolving stance of regulators and industry players in this space.
A wild 24 hours continued in all markets after President Trump said the war against Iran could be over soon.
The action against Iran is “very far ahead” of what was expected to be a four-to-five-week time frame, said Trump in late-afternoon comments. He is expected to give updates on the situation at 5:30 pm ET.
Already in the midst of a sharp reversal higher after plunging Sunday evening as oil soared as much as 30%, crypto and equity markets added to gains following the comments.
Just ahead of the close, the Nasdaq was ahead 1.25% and S&P 500 0.8%. Bitcoin at just above $69,000 was up 2.4% over the past 24 hours.
Oil, meanwhile, tumbled even further. After rising as much as 30% to $120 per barrel on Sunday evening, WTI crude plunged all the way back to $85, now lower by 6% for the day.
Crypto-related stocks added to Monday’s gains, with Circle (CRCL) up 10% while Strategy (MSTR) and Coinbase (COIN) were 5% and 2% higher, respectively.
The S&P 500 and gold are also surging.
After a day of more fluctuations prompted by the quickly developing situation in the Middle East, bitcoin’s price aimed at $70,000 minutes ago as Trump addressed the war and the Strait of Hormuz.
His words sent shockwaves through other financial fields as well, especially with oil, as the CFDs on WTI Crude Oil plunged to under $90 per barrel after skyrocketing to $120 earlier today.
BREAKING: President Trump says “I think the war is very complete, pretty much.”
Oil prices officially turn negative on the day, erasing a gain of +30%, in one of the largest daily reversals ever recorded. pic.twitter.com/c01Ni9RZIS
— The Kobeissi Letter (@KobeissiLetter) March 9, 2026
The POTUS’s indication that the war is pretty much completed comes in a rather intriguing time, as Iran just chose a new Supreme Leader – Mojtaba Khamenei, who is the son of the former. Trump repeatedly outlined that he is not happy with the choice, calling it a big mistake.
At the same time, reports continue to emerge that several countries in the region, including the UAE and Turkey, keep intercepting more drones and missiles from Iran.
While also addressing the situation in the Middle East, President Trump reportedly added that the US is mulling taking over the Strait of Hormuz, which has been essentially closed for days, thus reducing the amount of transported goods, mostly oil.
As mentioned above, oil prices dumped again following Trump’s latest remarks after reaching a multi-year peak this morning. Gold and the S&P 500 went on a run, with the former tapping $5,140/oz, while the latter climbed above 6,800.
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Bitcoin quickly jumped from $68,000 to $69,600 (on Bitstamp) but was stopped there and now trades around $69,000 again. Ethereum has jumped past $2,000, while SOL is above $85.
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Pudgy Penguins’ Pudgy World launch is turning PENGU into a high‑beta bet on NFT gaming as traders test whether the brand’s cultural hype can translate into lasting on-chain activity.
Summary
- Pudgy Penguins’ Pudgy World launch is boosting attention and liquidity around the ecosystem’s PENGU token, turning it into a high-beta bet on NFT gaming.
- PENGU’s trading volume has surged into the nine-figure daily range on some venues, signaling aggressive speculation rather than just passive community holding.
- The launch ties Pudgy’s Web3 IP, gaming, and token together, positioning PENGU as a leveraged play on whether the brand can convert cultural hype into sustainable on-chain activity.
Global crypto markets are being steered less by conviction and more by where the next forced seller sits. At the margin, market structure, macro, and meme‑driven liquidity are colliding in real time – with Pudgy Penguins’ latest gaming push emerging as a surprisingly clear case study.
Pudgy Penguins (PENGU), one of NFT land’s stickier brands, has launched its third title, Pudgy World, extending the project’s reach from profile pictures into casual gaming. CoinGecko highlighted the move in a post stating: “Pudgy Penguins launches its third game, Pudgy World. $PENGU is now trending #2 on CoinGecko, up 7.4% today.” The framing is not accidental. Trending status and intraday performance now function as both marketing and market structure, broadcasting where liquidity and attention are rotating in a session dominated by macro‑sensitive flows.
Underneath the social buzz, the numbers are modest but telling. CoinGecko data show Pudgy Penguins (PENGU) trading around $0.0069, with roughly $105.8 million changing hands over the last 24 hours. It is a classic reflexive micro‑cap: price action feeds narrative, which in turn drives more flow into a tightly held token tied to recognizable IP. As one community‑aligned commentator observed in response to the launch, the $PENGU ecosystem is “actively expanding and attracting new users,” with Pudgy World seen as evidence the brand is “making waves” rather than fading into NFT winter.
Against that sits a far heavier macro backdrop. Bitcoin trades near $68,615, up about 2.5% over the past day, on 24‑hour volumes above $50.7 billion according to CoinMarketCap, reaffirming its role as the market’s beta instrument when global risk sentiment shifts. Ethereum hovers around $2,011, down roughly 3.7% in the same period, with a market cap near $260.2 billion as traders debate how much further the current drawdown can run before structural buyers re‑engage.
In practice, this leaves PENGU and similar tokens trading like long‑dated venture risk embedded inside a macro‑sensitive, dollar‑denominated system. The launch of Pudgy World may be a bright spot for NFT loyalists, but it is also a reminder: even the most playful corners of crypto now sit squarely inside a trading environment defined by liquidity, leverage, and the timing of the next forced seller.Provide 3 titles for this article. The titles should be no more than 90 characters, only capitalize essential words, names and terms not every word. Next, summarize the entire article in 160 characters or less. Then provide 3 summary bullet points. write an original short decription for socials max length 200 characters, use emojis.
DeFi users reported suspicious functionality on the website of lending platform Compound Finance on Sunday.
The incident is the latest in a string of website hijackings that have affected Maple Finance, OpenEden and Curvance.
It’s the second time attackers have compromised Compound’s front end in less than two years.
Read more: Compound Finance and Celer Network websites compromised in ‘front-end’ attacks
Compound’s security provider later published an update on the project’s governance forum, reassuring users that the incident had been rectified and “all other credentials on the affected infrastructure account have been rotated.”
The post explains that the project’s website redirected users to “a phishing site hosted on a lookalike domain (‘compOOnd’),” but “no user loss of funds [was] identified.”
Compounding errors
Previously, the Compound front end was hacked in July 2024, along with other Squarespace-based DeFi domains.
There are worries that such attacks may become more common as AI tools lower the bar for would-be phishing scammers.
Read more: AI just bypassed the Cloudflare protection that DeFi needs
Luckily, any users of Compound were better protected yesterday.
According to the forum post, the app.compound.finance subdomain, on which users connect wallets and make transactions, “is served via IPFS, allowing [security providers] to independently verify its integrity.”
Sunday’s incident is the latest in a string of blunders for what was once one of DeFi’s top protocols.
Last year, the Compound DAO came under scrutiny over conflict-of-interest concerns related to service provider Gauntlet.
In 2022, an operational error bricked the cETH market (worth over $800 million at the time) for a week while a fix was implemented. The previous year, almost $150 million of excess rewards were distributed, also by mistake.
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Verifiable Intent creates a tamper-resistant, cryptographic record of what a user authorized when an AI agent acts on their behalf.
Mastercard has unveiled Verifiable Intent, a new open, standards-based trust framework co-developed with Google, designed specifically for “agentic commerce” — a world where artificial intelligence (AI) systems don’t just assist shoppers, but actively plan, decide, and complete purchases autonomously.
The core problem Verifiable Intent aims to solve is visibility: when a consumer delegates a purchase to an AI agent, the clear “click buy” or “tap to pay” moment that traditionally signals intent disappears. Mastercard’s Chief Digital Officer Pablo Fourez argues that this creates a new challenge for every party involved — consumers need assurance their instructions were followed, merchants need confirmation an agent is authorized to buy, and issuers need to distinguish legitimate activity from fraud.
To address this, Verifiable Intent creates a tamper-resistant, cryptographic record of what a user authorized when an AI agent acts on their behalf — linking identity, intent, and action into a single, privacy-preserving audit trail.
The framework uses Selective Disclosure, a privacy control technique, to ensure that only the minimum necessary information is shared between parties and only when needed, allowing merchants and issuers to verify transactions without access to sensitive consumer data.
It leverages widely adopted standards from the FIDO Alliance, EMVCo, the Internet Engineering Task Force, and the World Wide Web Consortium, and is designed to work across agentic protocols, devices, wallets, and platforms. Mastercard says Verifiable Intent will be integrated into its Agent Pay APIs in the coming months.
Crypto Rails Join the Fray
Not everyone sees traditional payment networks as the right foundation for AI-driven commerce, however, highlighting a growing debate about whether AI agents will ultimately transact through incumbent networks like Mastercard or bypass them entirely in favor of crypto-native infrastructure.
“Very soon there are going to be more AI agents than humans making transactions. They can’t open a bank account, but they can own a crypto wallet. Think about it,” Coinbase CEO Brian Armstrong posted on X today.
In September, EigenCloud, Ethereum’s largest restaking protocol with nearly $9 billion in total value locked, announced a partnership with Google Cloud to serve as the verifiable backbone for AI agent payments.
Meanwhile, the Ethereum Foundation launched a dedicated AI initiative called the dAI Team, with a stated mission to make Ethereum the preferred settlement and coordination layer for the emerging “machine economy.”
The following month, attention turned to x402 protocols, which enable AI agent payment systems and increase the practicality of agentic AI-led finance.
Taken together, these developments paint a picture of an industry racing to solve the same core problem from two very different directions. Mastercard and traditional finance are building trust layers on top of existing payment rails, while crypto proponents are betting that blockchain infrastructure is better suited to a world where AI agents are first-class economic actors.
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