BTC $77,121.06 -1.24%
ETH $2,458.59 -0.06%
BNB $714.17 -1.80%
XRP $1.35 -3.29%
SOL $99.76 -2.25%
TRX $0.3400 +0.32%
DOGE $0.0840 -2.83%
ADA $0.2082 -1.96%
BCH $226.27 -10.63%
LINK $11.58 -1.31%
HYPE $80.20 -4.93%
AAVE $122.67 -2.08%
SUI $0.7390 -4.80%
XLM $0.1767 -2.72%
ZEC $1,132.75 -8.41%
BTC $77,121.06 -1.24%
ETH $2,458.59 -0.06%
BNB $714.17 -1.80%
XRP $1.35 -3.29%
SOL $99.76 -2.25%
TRX $0.3400 +0.32%
DOGE $0.0840 -2.83%
ADA $0.2082 -1.96%
BCH $226.27 -10.63%
LINK $11.58 -1.31%
HYPE $80.20 -4.93%
AAVE $122.67 -2.08%
SUI $0.7390 -4.80%
XLM $0.1767 -2.72%
ZEC $1,132.75 -8.41%

master

All
Article
Flash

first_img Mastercard report: By 2030, 300 million shoppers will regularly use AI agents

Mastercard recently released the report "A Short History of the Future of Shopping and Payments," predicting that by 2030, approximately 300 million shoppers worldwide will regularly use AI agents, primarily concentrated in the United States, the United Kingdom, the Netherlands, China, and South Korea. The report is based on a survey conducted from June to July 2026 involving 13 markets and 13,000 pairs of parents and teenagers (a total of 26,000 respondents).The survey shows that 65% of British teenagers believe AI will change the shopping habits of their generation, and the likelihood of teenagers globally using AI for shopping is about twice that of their parents. 22% of British teenagers expect shopping to be dominated by AI within five years, compared to only 11% in France. 79% of teenagers and 70% of parents have used AI to research products in the past year, while 51% of teenagers and 46% of parents have used AI to complete a purchase at least once.The report cites Gartner's prediction that by 2028, the majority of B2B procurement will be mediated by AI agents, driving over $15 trillion in spending; by 2030, 20% of monetary transactions will be programmable. The report also suggests that "Know Your Agent" (KYA) could become a compliance advantage, with payment intent, consent, and machine-readable warranties forming the infrastructure of agent-based commerce.

Malone Lam, the mastermind behind the theft of 240 million USD in BTC, will attend a plea agreement hearing this Tuesday

According to Apnews, a young cryptocurrency scam gang stole over 4,100 BTC in August 2024 through "social engineering" attacks, which was worth over $240 million at the time.After the theft, gang members quickly began extravagant spending, including purchasing sports cars, renting luxury homes, flying on private jets, and hiring security personnel. Among them, the alleged mastermind, a 22-year-old Singaporean named Malone Lam, reportedly spent over $569,000 in one night at a nightclub in Los Angeles.Investigations revealed that the suspects impersonated employees from Google and the cryptocurrency trading platform Gemini to trick victims into giving up their Google Drive access and security codes, allowing them to transfer the victims' bitcoins. They then moved the funds through multiple trading platforms and money laundering intermediaries. Their lavish lifestyle eventually drew the attention of law enforcement.One suspect was exposed when their IP address was revealed while hiding nearly $30 million in stolen cryptocurrency assets, leading police to trace it back to the luxury home they rented in California. Another suspect was found with $37 million worth of stolen cryptocurrency assets. Lam was accused of using the stolen funds to purchase a $2 million watch and over 30 vehicles including Porsches, Lamborghinis, and Ferraris.Currently, 18 defendants have been charged, and Lam is expected to attend a plea agreement hearing this Tuesday. The U.S. Department of Justice has already issued rulings against several accomplices, and related cases are still ongoing.

Coinbase once offered $2.5 billion to acquire BVNK, ultimately losing to Mastercard's $1.8 billion acquisition

The insider information about the acquisition of stablecoin infrastructure company BVNK by Mastercard for $1.8 billion has recently been revealed. BVNK's early investment firm Concentric disclosed that during the acquisition bidding process, the U.S. cryptocurrency exchange Coinbase once held an advantage and reportedly made a top bid of $2.5 billion, but ultimately withdrew from the competition due to insufficient strategic and cultural fit between the two parties.Kjartan Rist, founding partner of Concentric, stated that the founding team of BVNK did not only focus on the bid amount when choosing an acquirer, but placed more importance on long-term partnerships and cultural alignment. "Although Coinbase may have offered a higher price, the chemistry between the two parties was not ideal." In contrast, Mastercard, as a traditional financial services company, found it easier to form synergies with BVNK in the areas of payment infrastructure and stablecoin applications.It is reported that Mastercard was involved in the acquisition discussions for BVNK early on, and after Coinbase failed to advance the deal, Mastercard re-emerged as the primary buyer, ultimately completing the acquisition for $1.8 billion.Visa also participated in the competition. Having previously invested in BVNK and holding a board observer seat, Visa once had an advantage. However, Visa ultimately chose not to pursue a direct acquisition, opting instead for an open strategy of collaborating with multiple stablecoin companies.BVNK was founded in 2018 and primarily provides stablecoin payment, cross-border settlement, and fund management infrastructure for enterprises. Its early investor Concentric invested in the company at a valuation of $4 million in 2019, and this transaction has resulted in significant returns.
app_icon
ChainCatcher Building the Web3 world with innovations.