Forty companies now govern x402, the protocol Coinbase built and handed away. It settled about $24 million across 75 million payments last month.
- The Linux Foundation formally launched the x402 Foundation, backed by major card networks and tech firms, to standardize internet-native payments between software agents.
- The x402 protocol activates the long-reserved HTTP 402 “Payment Required” code to let clients pay servers directly with small stablecoin transfers, typically USDC, without accounts or prior relationships.
- X402 processed about 75 million transactions totaling $24 million over the past 30 days, mostly sub-dollar payments that enable machine-to-machine commerce but still represent a tiny volume compared with traditional payment networks.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Ledger wants AI agents to manage crypto without holding your keys
Galaxy targets institutional stablecoin yield with new DeFi vaults
A timeline of the Ethereum Foundation's ongoing shakeup
Original sourceCoinDesk
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