Novinky
德国央行行长：欧元稳定币将为欧洲提供更多独立性，以摆脱美元稳定币的影响
ME News 消息，2 月 17 日（UTC+8），德国央行行长 Joachim Nagel 表示，与欧元挂钩的稳定币将为欧洲提供更多独立性，以摆脱即将在《GENIUS 法案》下获批的美元挂钩稳定币。德国联邦银行（德国央行）行长 Joachim Nagel 支持推出与欧元挂钩的央行数字货币以及以欧元计价的支付型稳定币。Nagel 周一在法兰克福举行的美国商会新年招待会上的预备发言中表示，欧盟官员正“努力推进”零售型央行数字货币的推出。他认为，以欧元计价的稳定币也有助于“使欧洲在支付系统和解决方案方面更加独立”。“值得注意的是，批发型央行数字货币将使金融机构能够用央行货币进行可编程支付，”Nagel 表示，“我也看到了以欧元计价的稳定币的价值，因为它们可以让个人和企业以低成本进行跨境支付。”Nagel 此番言论发表之际，距离美国总统特朗普签署法案为该国支付型稳定币建立监管框架已有数月。该法案可能使美元挂钩稳定币对任何潜在的欧元挂钩稳定币构成挑战。预计该法律将在签署后 18 个月或相关法规最终确定后 120 天全面实施。这位德国央行行长对稳定币的评论并未提及他上周在 Euro50 集团会议上提到的风险。Nagel 警告称，如果美元计价的稳定币市场份额显著超过欧元挂钩稳定币，国内货币政策“可能会受到严重损害，更不用说欧洲的主权可能会被削弱”。（来源：ME）
Total RWA Value on Ethereum Surpasses USD 1.7 Billion, Up 315% Year-on-Year
The total value of tokenized real-world assets (RWAs) issued on the Ethereum blockchain has exceeded USD 1.7 billion, as major institutions such as BlackRock and JPMorgan Chase continue to migrate traditional funds onto blockchain infrastructure.
This figure represents an increase of nearly 315% compared to approximately USD 410 million recorded one year earlier, further reinforcing Ethereum’s position as the leading blockchain for tokenized finance.
At present, Ethereum accounts for roughly 34% of the total RWA value across all blockchain networks. Meanwhile, the total market capitalization of stablecoins on the Ethereum mainnet has risen above USD 175 billion, underscoring the network’s role as a primary settlement layer for USD-denominated tokenized assets.
$ETH
The total value of tokenized real-world assets (RWAs) issued on the Ethereum blockchain has exceeded USD 1.7 billion, as major institutions such as BlackRock and JPMorgan Chase continue to migrate traditional funds onto blockchain infrastructure.
This figure represents an increase of nearly 315% compared to approximately USD 410 million recorded one year earlier, further reinforcing Ethereum’s position as the leading blockchain for tokenized finance.
At present, Ethereum accounts for roughly 34% of the total RWA value across all blockchain networks. Meanwhile, the total market capitalization of stablecoins on the Ethereum mainnet has risen above USD 175 billion, underscoring the network’s role as a primary settlement layer for USD-denominated tokenized assets.
$ETH
Global stablecoin adoption accelerates as BVNK report shows shift to everyday payments
A new BVNK report shows how stablecoin adoption is rapidly evolving from a niche crypto experiment into an everyday payments tool used across global markets.
Stablecoins move from trading tool to everyday money
According to BVNK’s Stablecoin Utility Report, released on February 17, 2026, stablecoins are increasingly used for practical financial needs rather than speculative trading. The study, conducted by YouGov for BVNK in partnership with Coinbase and Artemis, surveyed more than 4,600 early adopters and crypto-natives in 15 countries.
Stablecoins are cryptocurrencies pegged 1:1 to the US Dollar, designed to offer price stability and enable fast, secure transactions. Moreover, the report focused on respondents who currently hold crypto, held it in the last 12 months, or intend to acquire it in the coming year. This provides a detailed snapshot of how active users are integrating digital dollars into daily life.
The data shows that these users no longer view stablecoins as a niche remittance or trading tool. Instead, they deploy them for real-world money movement, prioritizing speed, cost, and security. That said, the shift is not uniform, with notable differences between emerging and high-income markets.
Stablecoins increasingly used for salaries and income
One of the most striking findings is how people are getting paid in stablecoins. 39% of surveyed respondents said they receive payments in stablecoins, either from family and friends or in a professional context. Among this group, such payments account for around 35% of their annual earnings.
Three-quarters of those paid in stablecoins said it improved their ability to do business internationally. In addition, 76% of marketplace sellers reported better sales volumes when using digital dollars. According to the report, these users also enjoy an average fee saving of 40% compared with traditional remittance channels, underlining strong stablecoin remittance savings incentives.
Everyday spending and merchant acceptance trends
Stablecoins are also functioning as everyday money. 27% of holders now use them for routine purchases, from goods to services. They keep an average balance of $200 in their wallets, treating these assets as spendable currency instead of long-term savings. Moreover, this behavioral shift signals that digital dollars are beginning to compete directly with local fiat in some markets.
More than half (52%) of crypto holders reported buying something specifically because a merchant accepted stablecoins. That share rises to 60% in emerging markets, highlighting how stablecoin merchant acceptance can directly influence consumer behavior. However, the report also indicates that current acceptance does not fully match user demand.
The demand-supply gap is clear: 42% of respondents said they want to spend crypto and stablecoins on major or lifestyle purchases, while only 28% actually do so today. This suggests that consumer interest is running ahead of merchant and platform integration, especially outside crypto-native businesses.
Why users prefer paying with stablecoins
The top reasons people choose stablecoins are practical rather than ideological. 30% cited lower fees as their main motivation, while 28% pointed to security and 27% to global access. Moreover, these operational benefits mirror the pain points of legacy payment rails, particularly for cross-border transactions and small businesses.
Crucially, users want better integration with existing financial services. 77% of consumers surveyed said they would open a stablecoin wallet if their personal bank or fintech app offered one. Almost three-quarters (71%) are interested in a linked debit card to spend their holdings frictionlessly. This underscores growing expectations around stablecoin banking integration within traditional financial platforms.
These attitudes suggest that future growth in stablecoin usage may depend as much on banks and fintechs as on crypto-native wallets. However, that requires interoperable infrastructure, clear compliance frameworks, and user-friendly interfaces that hide blockchain complexity.
Regional patterns in stablecoin use
The report highlights clear regional differences in how stablecoins are used. The trend towards everyday payments has been led by South America, Asia, and Africa, where conventional money transfers can be slow, expensive, or tightly restricted. Across these emerging markets, 60% of crypto-native respondents hold stablecoins, rising to a remarkable 79% in Africa.
In many of these economies, moving money abroad is difficult, and local currencies can be highly volatile. As a result, stablecoins have become an important tool for stability and financial inclusion. Moreover, they offer a parallel rail for savings, trade, and remittances that bypasses fragile banking systems and capital controls.
Yet the report also shows that high-income countries are catching up. In the US, the UK, and across Europe, awareness of stablecoins as a way to modernize payments and accelerate global transfers is growing quickly. 45% of crypto users in these economies now hold stablecoins, and their average balances are substantially higher, at around $1,000 compared with $85 in emerging markets.
Regulation and the path to mainstream adoption
The authors note that regulatory frameworks in major jurisdictions are evolving rapidly to support greater use of digital dollars in everyday commerce. As rules take shape across the US, UK, and Europe, policymakers are increasingly treating these assets as a potential upgrade to payment infrastructure rather than only a speculative instrument. This regulatory momentum is a key driver of broader stablecoin market mainstream adoption.
One paragraph of the report explicitly frames this shift as a structural change in stablecoin adoption, not just a temporary spike in usage. That said, significant questions remain around consumer protection, reserve transparency, and interoperability between issuers. Clearer standards could further unlock institutional engagement and payment-industry integration.
Industry perspectives on a tipping point
Commenting on the findings, Chris Harmse, co-founder of BVNK, contrasted headline market statistics with everyday experience in cities like London and New York. He noted that while macro numbers point to hundreds of billions in market capitalization and trillions in annual transaction volume, many consumers still rarely see a ‘pay with stablecoins’ button at checkout.
“That’s what we’ve set out to answer with this report,” Harmse said. “Stablecoins are being used in the real world because they solve real-world problems. People are already getting paid and spending stablecoins, especially where traditional payments are slow, expensive, or unreliable. They’re using them like everyday money, and asking for greater integration into their existing financial tools so they can continue to benefit from this revolution in money movement.”
John Turner, Group Product Manager for stablecoins at Coinbase, emphasized the role of necessity in emerging markets. “In many emerging economies, people have adopted stablecoins out of necessity,” he said. “What’s changing now is that people in developed markets are starting to feel the same frustrations with money movement. They want payments that are instant, global, and low-cost.” Moreover, Turner argued that as regulation develops, stablecoins will be seen less as a niche crypto product and more as a practical enhancement to established systems.
Anthony Yim, Co-Founder & CEO at crypto research firm Artemis, described a “significant behavioral shift” in usage patterns. He pointed out that stablecoin supply has grown 500% over the past five years, alongside multiple legislative initiatives in numerous countries. According to Yim, crypto-natives and early adopters are already fully onboard, using these assets to pay and be paid, which is now driving mainstream global uptake.
Methodology and ecosystem context
The Stablecoin Utility Report is based on an online survey of 4,658 adults aged 18 and over, conducted by YouGov between September and October 2025. All respondents either currently hold cryptocurrency (including stablecoins), held it within the last 12 months, or intend to acquire it in the next 12 months. The sample was drawn from YouGov’s panel of preferred suppliers.
BVNK positions itself as a stablecoin-powered financial stack for enterprises, enabling clients to build financial products, unlock new markets, and move money in seconds across more than 130 countries. The company says it processes billions annually and is trusted by partners including Worldpay, Deel, and Flywire. The report is available for download at BVNK.com/Utility.
Artemis describes itself as a leading analytics platform for blockchain data, used by industry names such as Visa, Grayscale, Pantera, VanEck, and Circle. Coinbase (NASDAQ: COIN) continues its mission to expand economic freedom globally by providing a trusted platform for trading, staking, safekeeping, spending, and global transfers of crypto assets. Moreover, Coinbase supports builders focused on onchain innovation and advocates for responsible regulation worldwide.
Overall, the BVNK study suggests that stablecoins are transitioning from a specialist crypto tool to a core component of digital finance, with growing usage in salaries, remittances, and everyday spending across both emerging and developed markets.
Stablecoins move from trading tool to everyday money
According to BVNK’s Stablecoin Utility Report, released on February 17, 2026, stablecoins are increasingly used for practical financial needs rather than speculative trading. The study, conducted by YouGov for BVNK in partnership with Coinbase and Artemis, surveyed more than 4,600 early adopters and crypto-natives in 15 countries.
Stablecoins are cryptocurrencies pegged 1:1 to the US Dollar, designed to offer price stability and enable fast, secure transactions. Moreover, the report focused on respondents who currently hold crypto, held it in the last 12 months, or intend to acquire it in the coming year. This provides a detailed snapshot of how active users are integrating digital dollars into daily life.
The data shows that these users no longer view stablecoins as a niche remittance or trading tool. Instead, they deploy them for real-world money movement, prioritizing speed, cost, and security. That said, the shift is not uniform, with notable differences between emerging and high-income markets.
Stablecoins increasingly used for salaries and income
One of the most striking findings is how people are getting paid in stablecoins. 39% of surveyed respondents said they receive payments in stablecoins, either from family and friends or in a professional context. Among this group, such payments account for around 35% of their annual earnings.
Three-quarters of those paid in stablecoins said it improved their ability to do business internationally. In addition, 76% of marketplace sellers reported better sales volumes when using digital dollars. According to the report, these users also enjoy an average fee saving of 40% compared with traditional remittance channels, underlining strong stablecoin remittance savings incentives.
Everyday spending and merchant acceptance trends
Stablecoins are also functioning as everyday money. 27% of holders now use them for routine purchases, from goods to services. They keep an average balance of $200 in their wallets, treating these assets as spendable currency instead of long-term savings. Moreover, this behavioral shift signals that digital dollars are beginning to compete directly with local fiat in some markets.
More than half (52%) of crypto holders reported buying something specifically because a merchant accepted stablecoins. That share rises to 60% in emerging markets, highlighting how stablecoin merchant acceptance can directly influence consumer behavior. However, the report also indicates that current acceptance does not fully match user demand.
The demand-supply gap is clear: 42% of respondents said they want to spend crypto and stablecoins on major or lifestyle purchases, while only 28% actually do so today. This suggests that consumer interest is running ahead of merchant and platform integration, especially outside crypto-native businesses.
Why users prefer paying with stablecoins
The top reasons people choose stablecoins are practical rather than ideological. 30% cited lower fees as their main motivation, while 28% pointed to security and 27% to global access. Moreover, these operational benefits mirror the pain points of legacy payment rails, particularly for cross-border transactions and small businesses.
Crucially, users want better integration with existing financial services. 77% of consumers surveyed said they would open a stablecoin wallet if their personal bank or fintech app offered one. Almost three-quarters (71%) are interested in a linked debit card to spend their holdings frictionlessly. This underscores growing expectations around stablecoin banking integration within traditional financial platforms.
These attitudes suggest that future growth in stablecoin usage may depend as much on banks and fintechs as on crypto-native wallets. However, that requires interoperable infrastructure, clear compliance frameworks, and user-friendly interfaces that hide blockchain complexity.
Regional patterns in stablecoin use
The report highlights clear regional differences in how stablecoins are used. The trend towards everyday payments has been led by South America, Asia, and Africa, where conventional money transfers can be slow, expensive, or tightly restricted. Across these emerging markets, 60% of crypto-native respondents hold stablecoins, rising to a remarkable 79% in Africa.
In many of these economies, moving money abroad is difficult, and local currencies can be highly volatile. As a result, stablecoins have become an important tool for stability and financial inclusion. Moreover, they offer a parallel rail for savings, trade, and remittances that bypasses fragile banking systems and capital controls.
Yet the report also shows that high-income countries are catching up. In the US, the UK, and across Europe, awareness of stablecoins as a way to modernize payments and accelerate global transfers is growing quickly. 45% of crypto users in these economies now hold stablecoins, and their average balances are substantially higher, at around $1,000 compared with $85 in emerging markets.
Regulation and the path to mainstream adoption
The authors note that regulatory frameworks in major jurisdictions are evolving rapidly to support greater use of digital dollars in everyday commerce. As rules take shape across the US, UK, and Europe, policymakers are increasingly treating these assets as a potential upgrade to payment infrastructure rather than only a speculative instrument. This regulatory momentum is a key driver of broader stablecoin market mainstream adoption.
One paragraph of the report explicitly frames this shift as a structural change in stablecoin adoption, not just a temporary spike in usage. That said, significant questions remain around consumer protection, reserve transparency, and interoperability between issuers. Clearer standards could further unlock institutional engagement and payment-industry integration.
Industry perspectives on a tipping point
Commenting on the findings, Chris Harmse, co-founder of BVNK, contrasted headline market statistics with everyday experience in cities like London and New York. He noted that while macro numbers point to hundreds of billions in market capitalization and trillions in annual transaction volume, many consumers still rarely see a ‘pay with stablecoins’ button at checkout.
“That’s what we’ve set out to answer with this report,” Harmse said. “Stablecoins are being used in the real world because they solve real-world problems. People are already getting paid and spending stablecoins, especially where traditional payments are slow, expensive, or unreliable. They’re using them like everyday money, and asking for greater integration into their existing financial tools so they can continue to benefit from this revolution in money movement.”
John Turner, Group Product Manager for stablecoins at Coinbase, emphasized the role of necessity in emerging markets. “In many emerging economies, people have adopted stablecoins out of necessity,” he said. “What’s changing now is that people in developed markets are starting to feel the same frustrations with money movement. They want payments that are instant, global, and low-cost.” Moreover, Turner argued that as regulation develops, stablecoins will be seen less as a niche crypto product and more as a practical enhancement to established systems.
Anthony Yim, Co-Founder & CEO at crypto research firm Artemis, described a “significant behavioral shift” in usage patterns. He pointed out that stablecoin supply has grown 500% over the past five years, alongside multiple legislative initiatives in numerous countries. According to Yim, crypto-natives and early adopters are already fully onboard, using these assets to pay and be paid, which is now driving mainstream global uptake.
Methodology and ecosystem context
The Stablecoin Utility Report is based on an online survey of 4,658 adults aged 18 and over, conducted by YouGov between September and October 2025. All respondents either currently hold cryptocurrency (including stablecoins), held it within the last 12 months, or intend to acquire it in the next 12 months. The sample was drawn from YouGov’s panel of preferred suppliers.
BVNK positions itself as a stablecoin-powered financial stack for enterprises, enabling clients to build financial products, unlock new markets, and move money in seconds across more than 130 countries. The company says it processes billions annually and is trusted by partners including Worldpay, Deel, and Flywire. The report is available for download at BVNK.com/Utility.
Artemis describes itself as a leading analytics platform for blockchain data, used by industry names such as Visa, Grayscale, Pantera, VanEck, and Circle. Coinbase (NASDAQ: COIN) continues its mission to expand economic freedom globally by providing a trusted platform for trading, staking, safekeeping, spending, and global transfers of crypto assets. Moreover, Coinbase supports builders focused on onchain innovation and advocates for responsible regulation worldwide.
Overall, the BVNK study suggests that stablecoins are transitioning from a specialist crypto tool to a core component of digital finance, with growing usage in salaries, remittances, and everyday spending across both emerging and developed markets.
两大高风险谈判前夕，现货金银持续走低
ME News 消息，2 月 17 日（UTC+8），中国春节休市期间，贵金属延续跌势。现货黄金一度下探 4860 美元/盎司关口，日内跌约 2.6%，此前一交易日已跌 1%；现货白银盘中跌超 4%，失守 73 美元关口。 市场情绪受到地缘政治谈判预期影响。美国总统特朗普表示将「间接」参与在日内瓦举行的美伊核问题会谈，并称伊朗有意达成协议；同时，俄美乌第三轮会谈或将聚焦领土议题。分析人士指出，若外交局势缓和，资金或流向风险资产，抑制避险需求。 DHF Capital 首席执行官 Bas Kooijman 表示，谈判带来的谨慎乐观情绪削弱了避险买盘。City Index 分析师 Fawad Razaqzada 指出，若金价持续运行于 5000 美元下方，短期下行风险将上升，并可能进一步打击多头情绪。KCM 分析师 Tim Waterer 则认为，在全球流动性偏紧背景下，黄金短期缺乏强力催化剂，或需等待美元进一步走软。 此前，投机性买盘曾将金价推升至接近 5600 美元的历史高位，但随后两日急跌至 4400 美元附近，近期维持震荡。 多家投行仍维持中长期看多立场。包括法国巴黎银行、德意志银行和高盛在内的机构认为，地缘政治风险、美联储独立性争议及全球去美元化趋势将持续支撑金价。杰富瑞分析师将 2026 年金价预期由 4200 美元上调至 5000 美元，认为通胀与美元贬值仍是核心宏观驱动。（来源：ME）
中國 M2 六年暴增 141 兆人民幣！前中行副行開嗆：比特幣幻想變貨幣「注定失敗」
中國人民銀行數據顯示，2025 年底中國廣義貨幣（M2）餘額達 340.29 兆人民幣，較 2019 年底暴增 141.64 兆，年均新增超過 23.6 兆。前中國銀行副行長、SWIFT 首任中國大陸董事王永利撰文分析鉅額貨幣從何而來，並直言：「比特幣等加密資產想錨定貨幣是倒退，注定不會成功。」本文源自 王永利 文章《巨額貨幣新增量從何而來》，由動區編譯、撰寫新聞。 （前情提要：比特幣創歷史新高，市場熱議的「貨幣貶值交易」是什麼？） （背景補充：全球流動性週期解讀：當前在哪個位置？12 個核心指標整理） 中國的「印鈔機」到底印了多少？根據中國人民銀行發布的《金融統計數據報告》，2025 年底中國 M2 餘額已達 340.29 兆人民幣（約 47 兆美元），較 2019 年底的 198.65 兆人民幣，六年間增加了 141.64 兆人民幣——年均新增超過 23.6 兆，其中 2022 年單年就新增超過 28 兆。 前中國銀行副行長、經濟學博士王永利近日撰文，深入拆解這筆鉅額貨幣增量的來源，同時也對比特幣等加密資產的「貨幣錨定」論述發出了嚴厲批評。 141 兆從何而來？三大推手揭密 王永利指出，同期央行資產負債表僅擴張 11.05 兆人民幣（從 37.11 兆增至 48.16 兆），僅佔貨幣總量增長的 7.8%。那麼，剩餘的鉅額增量究竟從何而來？ 推手一：信貸擴張（佔比最大） 2025 年底人民幣貸款餘額達 271.91 兆，較 2019 年底的 153.11 兆增加了 118.80 兆，是 M2 暴增的首要驅動力。商業銀行透過信貸投放直接創造存款，這也是現代信用貨幣體系下的核心貨幣創造機制。 推手二：政府債務貨幣化 存款性機構及央行持有的政府債權從 30.53 兆攀升至 74.35 兆，增加了 43.82 兆。不過政府在央行的存款也增加了 1.76 兆，形成部分對沖。 推手三：金融資產購買與外匯流動 社會主體以存款購買股票、保險、理財等金融資產，預估增加約 26 兆。此外，2020 年至 2025 年銀行結售匯累計淨投放人民幣 3.57 兆，但央行外匯佔款基本保持平穩，對基礎貨幣投放影響有限。 直批比特幣：「重新錨定貨幣是倒退，注定失敗」 值得加密圈關注的是，王永利在論述現代信用貨幣本質時，直接點名批評了比特幣。他強調，現代貨幣已徹底脫離金屬本位制，不再與任何具體的可交易財富品種掛鉤，而是維持貨幣總量與可交易財富價值總額的「總體錨定」。 王永利直言： 「重新回歸金屬本位制，或為貨幣重新尋錨（如比特幣等加密資產、稀土、能源等），都是對貨幣本質和發展規律的誤解，是倒退而非進步，注定是不會成功的！」 他進一步表示，在當今以主權獨立為基礎的治理結構下，打造超主權世界貨幣同樣「脫離實際，很難成功」。 另一個視角：六年 141 兆的「貨幣貶值交易」 不過，對加密市場參與者而言，王永利的數據恰恰印證了另一個論述——全球法幣體系正在加速貶值。 中國 M2 六年間擴張了 71.3%，年均增速約 9.4%。若以此速度計算，人民幣的購買力正在以肉眼可見的速度被稀釋。這也是為什麼「貨幣貶值交易」（debasement trade）近年成為市場熱門詞彙，比特幣和黃金被越來越多投資者視為對沖法幣購買力侵蝕的工具。 王永利認為信用貨幣體系是「進步」，比特幣錨定論是「倒退」；但比特幣支持者則認為，正是因為央行可以無限擴張信用，才需要一個供給量固定、不受政治影響的硬資產作為價值儲存。 這場關於「什麼才是好的貨幣」的辯論，短期內恐怕不會有定論。 相關報導 比特幣創歷史新高，市場熱議的「貨幣貶值交易」是什麼？ 全球流動性週期解讀：當前在哪個位置？12 個核心指標整理 比特幣還是全球流動性的「風向標」嗎？ 比特幣長期保持上漲的「經濟學」邏輯〈中國 M2 六年暴增 141 兆人民幣！前中行副行開嗆：比特幣幻想變貨幣「注定失敗」〉這篇文章最早發佈於動區BlockTempo《動區動趨-最具影響力的區塊鏈新聞媒體》。
SpaceX參與五角大廈無人機技術競標，馬斯克布局AI軍武的挑戰
馬斯克（Elon Musk）旗下的 SpaceX 與 xAI，正參與美國國防部一項價值 1 億美元的無人機群技術競賽。考量到兩家公司甫以 1.25 兆美元估值進行合併，此舉是企業拓展新營收來源的重要戰略佈局。然而，語言模型在實戰環境中的準確性，以及缺乏人類介入的潛在風險，引發了市場對於科技倫理的關注。
(馬斯克證實 SpaceX 併購 xAI，兆美元估值打造太空 AI 垂直整合引擎)
SpaceX 參與五角大廈自主無人機技術競標
據彭博社報導，馬斯克旗下的 SpaceX 與 xAI，正參與美國國防部一項價值 1 億美元的無人機群技術競賽，這項為期六個月的競賽旨在研發出先進的集群技術，該技術能夠將語音命令轉化為數位指令並控制多架無人機，標誌著商用人工智慧進一步跨足軍事領域。
xAI 在去年 12 月表示，該公司已與五角大樓簽署合同，將其 Grok 聊天機器人整合到政府網站中，以「賦能軍人和民眾」。此前，該公司還與五角大廈簽訂了一份價值 2 億美元的合同，將 xAI 的技術整合到軍事系統中。而 SpaceX 與波音公司和洛克希德馬丁，是美國五角大廈最敏感衛星的火箭供應商。
技術門檻與語言模型風險
該專案核心在於利用人工智慧將語音轉譯為數位訊號，指揮無人機群自主移動。雖然目前已經可以同時操控多架無人機，但開發能夠控制多架無人機在海上和空中組成集群（並能自主追蹤目標）的軟體仍然是一項挑戰。知情人士透露，此次競賽將分階段進行，具體階段取決於參賽者的表現和興趣。
據該公司網站顯示， xAI 近期展開了大規模招聘，目標是從華盛頓特區或美國西海岸招募持有「秘密」或「絕密」級別有效美國安全許可的工程師，為聯邦承包商提供服務。該公司在招聘啟事中表示，他們正在尋找與「政府機構、國防部或聯邦承包商合作進行人工智慧、軟體或數據專案」經驗的軟體工程師。
儘管大型語言模型（LLM）能力大幅提升，但應用於複雜戰場仍具風險。人工智慧固有的「幻覺」現象可能導致系統發出錯誤指令。專家擔憂，若武器控制缺乏即時的「人類介入」，將引發無法預期之後果。
OpenAI 亦成功提交專案
xAI 並非唯一參與五角大廈新專案的先進人工智慧公司。OpenAI 與其戰略合作夥伴 Applied Intuition 亦成功提交專案方案。OpenAI 將僅負責該專案的「任務控制」部分，即把戰場指揮官的語音和其他指令轉換成數位指令，不會用於無人機群的運作、武器整合或目標定位。
相較競爭對手僅參與語音轉譯，SpaceX 與 xAI 選擇投入完整專案，意味著需承擔更高的安全性責任。
這篇文章 SpaceX參與五角大廈無人機技術競標，馬斯克布局AI軍武的挑戰 最早出現於 鏈新聞 ABMedia。
(馬斯克證實 SpaceX 併購 xAI，兆美元估值打造太空 AI 垂直整合引擎)
SpaceX 參與五角大廈自主無人機技術競標
據彭博社報導，馬斯克旗下的 SpaceX 與 xAI，正參與美國國防部一項價值 1 億美元的無人機群技術競賽，這項為期六個月的競賽旨在研發出先進的集群技術，該技術能夠將語音命令轉化為數位指令並控制多架無人機，標誌著商用人工智慧進一步跨足軍事領域。
xAI 在去年 12 月表示，該公司已與五角大樓簽署合同，將其 Grok 聊天機器人整合到政府網站中，以「賦能軍人和民眾」。此前，該公司還與五角大廈簽訂了一份價值 2 億美元的合同，將 xAI 的技術整合到軍事系統中。而 SpaceX 與波音公司和洛克希德馬丁，是美國五角大廈最敏感衛星的火箭供應商。
技術門檻與語言模型風險
該專案核心在於利用人工智慧將語音轉譯為數位訊號，指揮無人機群自主移動。雖然目前已經可以同時操控多架無人機，但開發能夠控制多架無人機在海上和空中組成集群（並能自主追蹤目標）的軟體仍然是一項挑戰。知情人士透露，此次競賽將分階段進行，具體階段取決於參賽者的表現和興趣。
據該公司網站顯示， xAI 近期展開了大規模招聘，目標是從華盛頓特區或美國西海岸招募持有「秘密」或「絕密」級別有效美國安全許可的工程師，為聯邦承包商提供服務。該公司在招聘啟事中表示，他們正在尋找與「政府機構、國防部或聯邦承包商合作進行人工智慧、軟體或數據專案」經驗的軟體工程師。
儘管大型語言模型（LLM）能力大幅提升，但應用於複雜戰場仍具風險。人工智慧固有的「幻覺」現象可能導致系統發出錯誤指令。專家擔憂，若武器控制缺乏即時的「人類介入」，將引發無法預期之後果。
OpenAI 亦成功提交專案
xAI 並非唯一參與五角大廈新專案的先進人工智慧公司。OpenAI 與其戰略合作夥伴 Applied Intuition 亦成功提交專案方案。OpenAI 將僅負責該專案的「任務控制」部分，即把戰場指揮官的語音和其他指令轉換成數位指令，不會用於無人機群的運作、武器整合或目標定位。
相較競爭對手僅參與語音轉譯，SpaceX 與 xAI 選擇投入完整專案，意味著需承擔更高的安全性責任。
這篇文章 SpaceX參與五角大廈無人機技術競標，馬斯克布局AI軍武的挑戰 最早出現於 鏈新聞 ABMedia。
月之暗面新一轮融资估值100亿美元，阿里巴巴和腾讯已参投
哈世链闻消息，人工智能初创公司月之暗面在新一轮融资中估值达到了100亿美元。阿里巴巴和腾讯已参与投资，吸引了众多投资者对中国AI模型创业公司的兴趣。这家开发Kimi聊天机器人的公司在1月下旬开启了新的融资洽谈，以满足投资者的需求。在大约一个月前，公司刚以43亿美元估值完成了5亿美元的融资。据称，阿里巴巴、腾讯和五源资本等现有投资方已在最新一轮融资中首期承诺注资7亿美元。
哈世链闻消息，人工智能初创公司月之暗面在新一轮融资中估值达到了100亿美元。阿里巴巴和腾讯已参与投资，吸引了众多投资者对中国AI模型创业公司的兴趣。这家开发Kimi聊天机器人的公司在1月下旬开启了新的融资洽谈，以满足投资者的需求。在大约一个月前，公司刚以43亿美元估值完成了5亿美元的融资。据称，阿里巴巴、腾讯和五源资本等现有投资方已在最新一轮融资中首期承诺注资7亿美元。
Expert Predicts BTC Could Drop to $10K Amidst Crypto Bubble Collapse
Bloomberg Intelligence's senior commodity strategist, Mike McGlone, warns that Bitcoin (BTC) may fall to $10,000 due to turbulence in the broader financial market. This market downturn is seen as part of a larger risk-asset unwind related to stocks, volatility cycles, and macro liquidity. McGlone's bearish outlook is based on several macro signals, including record-high U.S. stock market capitalization to GDP ratios, low volatility in major indices, and a significant rally in precious metals. Recent data supports this prediction with Bitcoin currently down nearly 28% over the past month. Despite the bearish outlook, long-term holders and major institutions are still investing in Bitcoin, with data showing accumulator addresses buying around 372,000 BTC per month, and Binance converting its $1 billion insurance reserve into Bitcoin.
Bloomberg Intelligence's senior commodity strategist, Mike McGlone, warns that Bitcoin (BTC) may fall to $10,000 due to turbulence in the broader financial market. This market downturn is seen as part of a larger risk-asset unwind related to stocks, volatility cycles, and macro liquidity. McGlone's bearish outlook is based on several macro signals, including record-high U.S. stock market capitalization to GDP ratios, low volatility in major indices, and a significant rally in precious metals. Recent data supports this prediction with Bitcoin currently down nearly 28% over the past month. Despite the bearish outlook, long-term holders and major institutions are still investing in Bitcoin, with data showing accumulator addresses buying around 372,000 BTC per month, and Binance converting its $1 billion insurance reserve into Bitcoin.
ME News 消息，2 月 17 日（UTC+8）， 根据福布斯富豪榜的最新数据，特斯拉 CEO 埃隆·马斯克的个人资产已逼近 8500 亿美元。而根据预测平台 Kalshi 的预测，他今年将有 78%的可能性会成为全球首位万亿富翁。 Watcher.Guru 在 X 平台发文表示，马斯克称其拥有的现金不到 8.5 亿美元，仅占其净资产的 0.1%（来源：ME）
数据：2025 年 85% 新发代币价值低于发行价，风投影响力减弱
据 The DeFi Edge，2025 年 85% 代币发行价格低于发行价，风投支持项目收益率下降，部分项目亏损严重。2022 年 Q2，加密风投单季度募资近 170 亿美元，新设基金超过 80 支。自 2022 年以来，风投投资回报持续下滑，新基金数量降至五年最低，上一季度募资仅为 2022 年 Q2 的 12%。尽管上一季度风投投资额达 85 亿美元，环比增长 84%，但主要为 2022 年资金投入，非新增资本。报告指出，传统“风投入场—代币发行—抛售零售”模式正在衰退。随着风投影响力减弱，未来项目成功关键在于真实用户和实际收入，预计将带来更公平发行与减少内部抛售情况。
ME News 消息，2 月 17 日（UTC+8），前日本央行审议委员安达诚司表示，日本央行很可能会利用4月份可获得的大量新数据作为加息机会，而不理会市场对3月份可能加息的猜测。安达诚司周一在接受采访时称：“3月加息会带来风险，因为这将基于预期而非信号确认。4月将获得大量数据，用以确认基础通胀的改善。”安达诚司的观点与市场日益增长的预期一致，即行长植田和男领导的委员会可能会在春季采取行动——这比大多数经济学家在12月最后一次加息后的预测要早。（来源：ME）
2025 年多家 DeFi 项目关闭，低使用率与代币流动性枯竭为主要原因
吴说获悉，KOL Green But Red 发文表示，2025 年有多个 DeFi 项目关闭，包括 Linear Finance 停止运营、zkLend 清盘、Loopring DeFi 产品终止运营、DELV 关闭、Kinto 关闭和 Minterest 关闭等。这些关闭的 DeFi 项目的特征是低使用率，代币流动性枯竭，遭受黑客攻击或者代币被下架或者被糟糕的行情摧毁。KOL Stacy Muur 表示，目前仍有不少几乎没有收入的 DeFi 协议在“苟活”，过去 30 天费用低于 3,000 美元的项目有 Ethervista、Wombat Exchange、Saros、Equalizer、Skate、SparkDEX、HoneySwap 和 Moonwell 等。
吴说获悉，OpenSea 宣布将于 3 月 30 日 举办线上直播活动，届时将公布其最新产品进展及未来发展方向，并称此次活动将开启 OpenSea 的“下一篇章”。针对社区对 TGE 时间的猜测，OpenSea CMO Adam Hollander 在 Discord 表示，自官方上一次公开表态以来相关情况并无变化，目前暂无法披露更多信息。
Crypto protocol ZeroLend shuts down, saying it's ‘no longer sustainable’
Decentralized lending protocol ZeroLend says it is shutting down completely after the blockchains it operates on have suffered from low user numbers and liquidity.
“After three years of building and operating the protocol, we have made the difficult decision to wind down operations,” ZeroLend’s founder, known only as “Ryker,” said in a post the protocol shared to X on Monday.
“Despite the team’s continued efforts, it has become clear that the protocol is no longer sustainable in its current form,” he added.
ZeroLend focused its services on Ethereum layer-2 blockchains, once touted by Ethereum co-founder Vitalik Buterin as a central part of the network’s plan to scale and remain competitive.
However, Buterin said earlier this month that his vision for scaling with layer 2s “no longer makes sense,” that many have failed to properly adopt Ethereum’s security, and that scaling should increasingly come from the mainnet and native rollups.
ZeroLend operated at loss due to illiquid chains, says Ryker
ZeroLend’s Ryker said the reason for the shutdown is that several blockchains the protocol supported “have become inactive or significantly less liquid.”
He added that in some cases, oracle providers — services that fetch data and are often crucial to running protocols — have stopped support on some networks, making it “increasingly difficult to operate markets reliably or generate sustainable revenue.”
Source: ZeroLend
“At the same time, as the protocol grew, it attracted greater attention from malicious actors, including hackers and scammers,” Ryker said. “Combined with the inherently thin margins and high risk profile of lending protocols, this resulted in prolonged periods where the protocol operated at a loss.”
He added that the protocol will ensure users can withdraw their assets, adding, “We strongly encourage all users to withdraw any remaining funds from the platform.”
Ryker said some user funds may be locked on blockchains that have seen “significantly deteriorated” liquidity, and ZeroLend will upgrade the protocol’s smart contracts with the aim of redistributing stuck assets.
He added that ZeroLend has also been working to trace and recover funds tied to an exploit in February last year, where protocol users of a Bitcoin (BTC) product on the Base blockchain were exploited after an attacker drained lending pools.
Ryker said that suppliers of the product affected by the incident will receive a partial refund funded by an airdrop allocation received by the ZeroLend team.
At its height in November 2024, ZeroLend commanded a total value locked of nearly $359 million, but that has since sunk to $6.6 million, according to DefiLlama.
The ZeroLend (ZERO) token has fallen by 34% in the last 24 hours in reaction to the protocol’s shutdown and has also lost nearly all its value since hitting a peak of one-tenth of a cent in May 2024, according to CoinGecko.
Magazine: Ethereum’s Fusaka fork explained for dummies — What the hell is PeerDAS?
“After three years of building and operating the protocol, we have made the difficult decision to wind down operations,” ZeroLend’s founder, known only as “Ryker,” said in a post the protocol shared to X on Monday.
“Despite the team’s continued efforts, it has become clear that the protocol is no longer sustainable in its current form,” he added.
ZeroLend focused its services on Ethereum layer-2 blockchains, once touted by Ethereum co-founder Vitalik Buterin as a central part of the network’s plan to scale and remain competitive.
However, Buterin said earlier this month that his vision for scaling with layer 2s “no longer makes sense,” that many have failed to properly adopt Ethereum’s security, and that scaling should increasingly come from the mainnet and native rollups.
ZeroLend operated at loss due to illiquid chains, says Ryker
ZeroLend’s Ryker said the reason for the shutdown is that several blockchains the protocol supported “have become inactive or significantly less liquid.”
He added that in some cases, oracle providers — services that fetch data and are often crucial to running protocols — have stopped support on some networks, making it “increasingly difficult to operate markets reliably or generate sustainable revenue.”
Source: ZeroLend
“At the same time, as the protocol grew, it attracted greater attention from malicious actors, including hackers and scammers,” Ryker said. “Combined with the inherently thin margins and high risk profile of lending protocols, this resulted in prolonged periods where the protocol operated at a loss.”
He added that the protocol will ensure users can withdraw their assets, adding, “We strongly encourage all users to withdraw any remaining funds from the platform.”
Ryker said some user funds may be locked on blockchains that have seen “significantly deteriorated” liquidity, and ZeroLend will upgrade the protocol’s smart contracts with the aim of redistributing stuck assets.
He added that ZeroLend has also been working to trace and recover funds tied to an exploit in February last year, where protocol users of a Bitcoin (BTC) product on the Base blockchain were exploited after an attacker drained lending pools.
Ryker said that suppliers of the product affected by the incident will receive a partial refund funded by an airdrop allocation received by the ZeroLend team.
At its height in November 2024, ZeroLend commanded a total value locked of nearly $359 million, but that has since sunk to $6.6 million, according to DefiLlama.
The ZeroLend (ZERO) token has fallen by 34% in the last 24 hours in reaction to the protocol’s shutdown and has also lost nearly all its value since hitting a peak of one-tenth of a cent in May 2024, according to CoinGecko.
Magazine: Ethereum’s Fusaka fork explained for dummies — What the hell is PeerDAS?
据 Onchain Lens 监测，World Liberty Finance 今日向 Binance 存入 2.35 亿枚 WLFI，价格约 2,413 万美元。相关地址为 0xFef30c262676dE9AF5e5E9Ba999cF774000b14B4。
Harvard adds a surprising new favorite to its portfolio
Why Bitcoin Treasuries are trading at a discount (7:02)
Harvard has a new crypto preference and it's not Bitcoin (BTC).
New filings show the Ivy League endowment manager is no longer treating Bitcoin as the only preferable cryptocurrency, even after building one of the more closely watched exchange-traded fund (ETF) positions in U.S. academia.
Related: Analyst predicts next big crash for Bitcoin as markets rally
Institutional investors deepen crypto exposure
Big money has been leaning further into crypto ever since ETFs lowered the barrier for traditional players to enter the space. Custody and compliance have also evolved in the last couple of years.
According to recent fund flow data by Farside Investors, U.S. spot Bitcoin ETFs saw sharp outflows at the end of January, including a single-day net withdrawal of $817.8 million on Jan. 29 and another $509.7 million on Jan. 30.
Bitcoin ETF Flow tracker by Farside Investors
Between Feb. 11 and Feb. 12 alone, total net outflows reached $686.5 million before stabilizing. Since launch, however, the products have still accumulated a cumulative net inflow of $54.31 billion.
Even with that volatility, large asset managers have continued building exposure through regulated crypto investment products.
Goldman Sachs has disclosed holdings across multiple crypto-linked ETFs, including Bitcoin and Ethereum (ETH) funds, and has also participated in products tied to XRP and Solana exposure.
Meanwhile, on Jan. 6, Morgan Stanley applied with the U.S. Securities and Exchange Commission (SEC) to launch the Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust.
Popular on TheStreet Roundtable:
64-year-old Wall Street firm flags unusual gold accumulation
Analyst upgrades Robinhood rating ahead of earnings
JPMorgan revisits Bitcoin forecast after crash
Harvard’s evolving crypto portfolio
Harvard Management Company first disclosed a roughly $116 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) in 2025, gaining exposure to Bitcoin through a regulated spot ETF rather than direct custody.
In the following quarter, Harvard tripled the exposure to about $443 million, making the Bitcoin ETF its largest publicly disclosed U.S. equity holding at the time.
Related: Harvard University reveals shocking Bitcoin investment
Harvard trims Bitcoin exposure amid market sell-off
In its Form 13F filing for the quarter ended Dec. 31, 2025, Harvard Management Company reported holding 5,351,234 shares of BlackRock’s iShares Bitcoin Trust, down 21% from 6,809,091 shares as of Sept. 30, 2025.
More News:
Bitget CEO who predicted $200K Bitcoin says it’s a ‘good time to buy’
Coinbase suffers over half-billion-dollar loss as markets crash
Gold, silver, S&P 500, crypto crash again amid extreme fear
During the same fourth quarter of fiscal 2025, Harvard initiated a new position in BlackRock’s iShares Ethereum Trust, purchasing 3,873,562 shares valued at $86.8 million as of Dec. 31, 2025. The filing marked the endowment’s first publicly disclosed exposure to an Ethereum-based ETF.
The cryptocurrency markets in 2026 are in a bearish cycle.
Bitcoin and other major cryptocurrencies have endured a prolonged drawdown after peaking in late 2025. After hitting multi-year highs, Bitcoin has fallen sharply into the mid $60,000s this year, leaving prices roughly 22% below the start of 2026 and marking one of the weakest opening quarters since 2018.
At the time of writing, Bitcoin was trading at $68,473.77, down 1.6% over the past 24 hours. Ethereum was changing hands at $1,968.96, after slipping 2.0% on the day, as per data from CoinGecko.
Related: Another crypto company halts withdrawals as markets slide
Harvard has a new crypto preference and it's not Bitcoin (BTC).
New filings show the Ivy League endowment manager is no longer treating Bitcoin as the only preferable cryptocurrency, even after building one of the more closely watched exchange-traded fund (ETF) positions in U.S. academia.
Related: Analyst predicts next big crash for Bitcoin as markets rally
Institutional investors deepen crypto exposure
Big money has been leaning further into crypto ever since ETFs lowered the barrier for traditional players to enter the space. Custody and compliance have also evolved in the last couple of years.
According to recent fund flow data by Farside Investors, U.S. spot Bitcoin ETFs saw sharp outflows at the end of January, including a single-day net withdrawal of $817.8 million on Jan. 29 and another $509.7 million on Jan. 30.
Bitcoin ETF Flow tracker by Farside Investors
Between Feb. 11 and Feb. 12 alone, total net outflows reached $686.5 million before stabilizing. Since launch, however, the products have still accumulated a cumulative net inflow of $54.31 billion.
Even with that volatility, large asset managers have continued building exposure through regulated crypto investment products.
Goldman Sachs has disclosed holdings across multiple crypto-linked ETFs, including Bitcoin and Ethereum (ETH) funds, and has also participated in products tied to XRP and Solana exposure.
Meanwhile, on Jan. 6, Morgan Stanley applied with the U.S. Securities and Exchange Commission (SEC) to launch the Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust.
Popular on TheStreet Roundtable:
64-year-old Wall Street firm flags unusual gold accumulation
Analyst upgrades Robinhood rating ahead of earnings
JPMorgan revisits Bitcoin forecast after crash
Harvard’s evolving crypto portfolio
Harvard Management Company first disclosed a roughly $116 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) in 2025, gaining exposure to Bitcoin through a regulated spot ETF rather than direct custody.
In the following quarter, Harvard tripled the exposure to about $443 million, making the Bitcoin ETF its largest publicly disclosed U.S. equity holding at the time.
Related: Harvard University reveals shocking Bitcoin investment
Harvard trims Bitcoin exposure amid market sell-off
In its Form 13F filing for the quarter ended Dec. 31, 2025, Harvard Management Company reported holding 5,351,234 shares of BlackRock’s iShares Bitcoin Trust, down 21% from 6,809,091 shares as of Sept. 30, 2025.
More News:
Bitget CEO who predicted $200K Bitcoin says it’s a ‘good time to buy’
Coinbase suffers over half-billion-dollar loss as markets crash
Gold, silver, S&P 500, crypto crash again amid extreme fear
During the same fourth quarter of fiscal 2025, Harvard initiated a new position in BlackRock’s iShares Ethereum Trust, purchasing 3,873,562 shares valued at $86.8 million as of Dec. 31, 2025. The filing marked the endowment’s first publicly disclosed exposure to an Ethereum-based ETF.
The cryptocurrency markets in 2026 are in a bearish cycle.
Bitcoin and other major cryptocurrencies have endured a prolonged drawdown after peaking in late 2025. After hitting multi-year highs, Bitcoin has fallen sharply into the mid $60,000s this year, leaving prices roughly 22% below the start of 2026 and marking one of the weakest opening quarters since 2018.
At the time of writing, Bitcoin was trading at $68,473.77, down 1.6% over the past 24 hours. Ethereum was changing hands at $1,968.96, after slipping 2.0% on the day, as per data from CoinGecko.
Related: Another crypto company halts withdrawals as markets slide
PayPal 砸 2 億鎂搶進 AI 代理購物，加密支付卻淪「局外人」
PayPal 斥資近 2 億美元收購 AI 商務平台 Cymbio，搶入「代理型商業」（Agentic Commerce）賽道。當 Google + Shopify（UCP）、OpenAI + Stripe（ACP）與 PayPal 三方角力白熱化之際，加密支付在三大協議中幾乎完全缺席——是被忽略，還是被刻意排除？本文源自 LUKE SPILL 文章《AI: PayPal’s $200M Wake-Up Call in AI Commerce》，由動區編譯、撰寫而成。 （前情提要：Stripe 官宣超過 40 項新升級，合作 OpenAI 發佈 ACP 協議） （背景補充：Google 推出支援穩定幣與加密貨幣的「代理支付協議 AP2」） 對 PayPal、Stripe 等金融科技公司而言，是否能嵌入 AI 商業的底層協議，將決定它們還能否繼續坐在牌桌上；而對銀行與加密行業來說，視窗期同樣短暫。 上週，PayPal 收購了 Cymbio，一家幫助商家在多種 AI 介面上完成銷售的平台，其支援的渠道包括 Microsoft Copilot 和 Perplexity。市場訊息人士估計，這筆交易的金額在 1.5 億至 2 億美元 之間。業界普遍解讀，此舉是 PayPal 為了在 Agentic Commerce（代理型商業）領域站穩腳步所下的一步關鍵棋。 因此，隨著 AI 代理不斷改寫並重塑傳統電商漏斗，PayPal 正在從一個典型的 Web2 支付工具，轉向商品發現、商品目錄分發以及訂單編排等更上游、更核心的商業環節。這一轉向，幾乎高度吻合原作者在今年 1 月關於指數式增長、冪律效應以及 Agentic Commerce 中規模回報遞增的分析。 與此同時，行業的基礎設施正在快速成型： Google 與 Shopify 正在推動 Universal Commerce Protocol（UCP）； OpenAI 與 Stripe 聯手推進 Agentic Commerce Protocol（ACP）； 微軟則將結算能力直接嵌入 Copilot 之中。 圍繞「機器」而非「人類使用者」的購物基礎設施，正以飛快節奏重新搭建。Agentic Commerce 正在以現實世界的方式，實現指數型成長的願景。各大機構給出的預測數字驚人，而且正逐漸收斂： 麥肯錫（McKinsey）預測：到本十年末，Agentic Commerce 可望在美國零售市場帶動 1 萬億美元 的收入，約佔全部線上零售銷售額的 三分之一。 Morgan Stanley 預測：到 2030 年，Agentic Commerce 將帶動美國電商消費升至 1900 億至 3850 億美元，對應 10%–20% 的市場滲透率。 Bain 預測：到 2030 年，Agentic Commerce 的市場規模將達到 3000 億至 5000 億美元，約佔線上零售總額的 15%–25%。 現有采用資料表明，我們正處在指數增長曲線的拐點：2025 年 11 月，已有 23% 的美國消費者使用 AI 完成過一次購買。 Cymbio 可能成為 PayPal 在 AI 商業中的「中間層」 對 PayPal 而言，Cymbio 的潛在定位，是 AI 商業體系中的中間基礎設施層。其核心賣點包括： 在不同市場與渠道之間同步商品目錄 實時管理庫存可用性 將訂單路由至商家既有的 OMS（訂單管理系統）與履約系統 允許商家繼續作為交易的法律主體（Merchant of Record） 其中，Store Sync 產品可讓商家的商品目錄直接被 Microsoft Copilot、Perplexity 等 AI 代理發現，預計下一步還將接入 ChatGPT 與 Google Gemini。 而 AI 代理之所以能夠完成交易，前提在於：商品資料、價格、庫存與履約資訊必須是機器可讀、且高度可靠的。 從「結賬」到「Agentic Commerce 工作流」 PayPal 每年處理的支付總額超過 1.7 萬億美元，月活躍賬戶數超過 1.42 億。在傳統模式下，PayPal 的核心槓桿點位於支付發生的那一刻。 而在 Agentic Commerce 體系中，AI 系統可以代使用者完成商品發現、方案比較，甚至直接下單，而 PayPal 則負責身份驗證與支付授權。 在整合 Cymbio 之後，PayPal 串起了完整鏈路： 發現（Discovery）：商品在 AI 代理中被推薦與呈現 決策（Decisioning）：透過對話式互動不斷收斂選項 結賬（Checkout）：由 PayPal 完成身份驗證與支付 履約（Fulfilment）：訂單直接注入商家系統執行 協議之爭：服務 vs 標準 當 PayPal 以「產品與服務」的形式推進 Agentic Commerce 時，Google 與 Shopify 正在打造一套跨功能、標準化的 Agentic Commerce 協議體系。 關鍵在於： Google 正將 UCP（Universal Commerce Protocol）直接嵌入 搜尋 與 Gemini Shopify 則確保其數百萬商家只需整合一次，就能觸達多個 AI 代理 這意味著，AI 商業的底層基礎設施，正在從「單點能力」演進為「協議化網路」。 UCP 的目標，是掌控 AI 商業的「路由層」，而不是直接擁有或經營商業本身。 這更像是一種防禦性布局：透過將這一層做成「免費」的公共協議，並引入強網路效應，防止任何單一對手壟斷 AI 商業體系的核心控制權。 因此，PayPal 並非在與 UCP 正面競爭，而是在主動嵌入這一體系之中。 Google 已明確表示，基於 UCP 的結賬能力將支援多種支付服務商，其中就包括 PayPal 與 Google Pay。 換言之，UCP 試圖成為「中立的高速公路」，而 PayPal 則希望成為這條高速路上不可或缺的收費站與支付節點。 Open...
Tesla Seeks AI Chip Design Engineers in Korea
Tesla CEO Elon Musk has shared an announcement from Tesla AI regarding the company's recruitment of artificial intelligence chip design engineers in Korea. According to Jin10, Musk encouraged individuals in Korea interested in chip design, manufacturing, or AI software to consider joining Tesla.