Crypto Morning Brief: Google launches AI payment protocol supporting stablecoins, Circle announces investment in HYPE token
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Crypto Morning Brief: Google launches AI payment protocol supporting stablecoins, Circle announces investment in HYPE token
Binance is negotiating with the U.S. Department of Justice to potentially remove key oversight requirements from its $4.3 billion settlement agreement.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Spot gold hits 3700 for the first time
Spot gold reaches a new all-time high, surpassing the $3,700 mark. Gold prices have risen sharply since August 20, gaining nearly $400.
Trump files $15 billion defamation lawsuit against The New York Times
According to CoinDesk, Trump has filed a $15 billion defamation lawsuit against The New York Times, accusing the media outlet of damaging his reputation, business interests, Truth Social platform, and his $TRUMP cryptocurrency project.
Google launches AI payment protocol supporting stablecoins, partners with Coinbase and others
As reported by Fortune, Google launched a new payment protocol on September 16 aimed at enabling seamless fund transfers between AI applications. This open-source protocol supports traditional payment methods such as credit and debit cards, and notably integrates features for U.S. dollar-pegged crypto stablecoins. To achieve stablecoin compatibility, Google has partnered with crypto exchange Coinbase and the Ethereum Foundation, while consulting over 60 organizations including Salesforce, American Express, and Etsy. This move extends Google’s April-launched communication standard for AI agents, aiming to ensure secure and reliable AI transactions. Against a backdrop of increasingly favorable U.S. policy conditions, tech giants such as Apple, Airbnb, and Meta are also actively exploring stablecoin integration solutions.
Sui becomes an early partner of Google's agent payment protocol AP2
According to an official announcement, Mysten Labs has revealed that its blockchain project Sui Network is among the first partners of Google’s newly launched Agentic Payments Protocol (AP2). AP2 is a standard protocol enabling AI agents to conduct transactions on behalf of users. Sui will provide a fast, programmable payment system and privacy-first authentication to support agent-based commerce. Mysten Labs has built infrastructure including sub-second payment processing, decentralized storage, smart contracts, and zero-knowledge proof login, aiming to create an open ecosystem empowering both humans and AI agents.
Movement Labs transitions into an L1 blockchain and launches Move 2.0
Movement Labs announced it is formally transitioning into an L1 blockchain to enhance network performance and support native staking. Simultaneously, the team has launched Move 2.0 to further strengthen development and ecosystem capabilities.
Ethereum Foundation DAI Team posts job openings for AI Project Manager and AI Researcher
According to the Ethereum Foundation website, the foundation is officially recruiting for two key positions within its DAI team: AI Project Manager and AI Researcher. Both roles support global remote work, with candidates from the San Francisco area preferred.
The AI Project Manager will coordinate protocol improvements, ecosystem initiatives, and external collaborations, focusing on standardizing agent-to-agent protocols, defining verifiable reasoning primitives, and coordinating across L2 and infrastructure projects.
The AI Researcher will focus on cutting-edge research in multi-agent coordination, verifiable reasoning, and privacy-preserving computation.
Earlier news indicated the Ethereum Foundation established the "DAI" team to advance on-chain AI development.
Binance negotiating with U.S. Department of Justice to potentially remove key oversight terms from its $4.3 billion settlement agreement
According to Bloomberg, Binance is negotiating with the U.S. Department of Justice to possibly remove key oversight requirements from its $4.3 billion settlement agreement. Sources indicate federal prosecutors are discussing with Binance the requirement to maintain an external compliance monitor. Binance previously faced allegations for inadequate anti-money laundering measures. The DOJ has previously terminated monitoring arrangements for several companies due to high costs and operational impact.
Market news: Polymarket’s latest funding round includes “other warrants,” potentially signaling token issuance
Market sources report that Polymarket filed documents with the U.S. Securities and Exchange Commission (SEC) showing its latest funding round included “other warrants,” which typically refer to tokens, potentially indicating plans for token issuance.
Circle announces investment in HYPE token and considers becoming a Hyperliquid validator
According to official documentation, Circle has officially announced major expansion plans within the Hyperliquid ecosystem. The company has completed its initial investment in HYPE tokens and is actively evaluating the possibility of becoming a Hyperliquid validator. Meanwhile, Circle has officially launched native USDC and CCTPv2 on HyperEVM, and plans to enable direct deposits and CCTP interoperability for Hyperliquid USDC on HyperCore within the coming weeks.
Circle will also launch dedicated incentive programs for HyperEVM and HIP-3 developers, providing development tools and on-chain protocol support. Circle CEO Jeremy Allaire stated the company is deeply impressed by Hyperliquid’s growth and success over the past year, calling it a "very unique and special" ecosystem.
SOL treasury company Forward Industries may plan to raise more funds to buy SOL
Kyle Samani, co-founder of Multicoin and chairman of Forward Industries (FORD), mentioned during a podcast appearance with ThreadGuy the possibility of further fundraising: "I’ve done so much work not just to raise $1.65 billion and then stop. My goal is bigger."
Earlier news indicated publicly listed Forward Industries secured $1.65 billion in financing to initiate its Solana treasury strategy.
The Ether Machine files draft S-4 form with SEC, advancing public listing process
The Ether Machine announced today it has submitted a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission (SEC), marking a key step toward a business combination with Nasdaq-listed special purpose acquisition company Dynamix Corporation (Nasdaq: ETHM) and The Ether Reserve LLC. The company plans to become a publicly traded Ethereum-focused entity, concentrating on optimizing ETH returns through staking, restaking, and DeFi risk management, while providing infrastructure solutions for enterprises and Ethereum developers.
Market Trends
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