Huoxun Finance reported on March 11 that, according to CoinDesk, x402, an AI payment protocol backed by Coinbase and others, aims to enable automated payments between AI agents and software by embedding small stablecoin payments into the internet communication layer. Despite the growing narrative surrounding the "agent economy," on-chain data shows the protocol is still in the experimental stage. Artemis analysis shows that x402 currently processes only about $28,000 in transactions daily, averaging about $0.20 per payment, and about half of the transactions are artificial volume manipulation activities such as "self-trading" or "wash trading," rather than genuine commercial activity. Although there was a peak of 3.8 million transactions and about $2 million in February, this was mainly due to infrastructure testing and experimental uses. The entire ecosystem is valued at approximately $7 billion, most of which comes from Chainlink's LINK tokens, not pure x402 assets. Supporters believe that x402 aims to solve the problem of small-value, high-frequency machine-to-machine payments that traditional payment systems struggle to handle, but real commercial applications still require time. Analysts point out that the growth rate of the agency economy may be overestimated in the coming year, but its potential may be underestimated five years from now.

According to Ilya Spivak, Global Head of Macro at Tastylive, the next catalyst for the market is likely to come from the inflation data itself. Economists expect the US overall CPI to rise 2.4% year-on-year in February, with core CPI at 2.5%. However, a key risk is lurking beneath the surface. A significant driver of the January CPI data was the declining contribution of energy prices to overall inflation. Given that oil prices have already begun to rise in early 2026, replicating this seems extremely difficult. Whatever this means for the energy component of the February CPI data, traders will be closely watching whether core price growth (especially in the services sector) continues its slight decline. This could fuel hopes for inflation normalization after the Middle East conflict subsides, helping to calm market anxieties. If not, fragile financial markets could see another wave of risk aversion as investors face the possibility of interest rates remaining high for an extended period. This would foreshadow a challenging situation for stocks, bonds, and currencies other than the US dollar. (Jinshi)

According to Ilya Spivak, Global Head of Macro at Tastylive, the next catalyst for the market is likely to come from the inflation data itself. Economists expect the US overall CPI to rise 2.4% year-on-year in February, with core CPI at 2.5%. However, a key risk is lurking beneath the surface. A significant driver of the January CPI data was the declining contribution of energy prices to overall inflation. Given that oil prices have already begun to rise in early 2026, replicating this seems extremely difficult. Whatever this means for the energy component of the February CPI data, traders will be closely watching whether core price growth (especially in the services sector) continues its slight decline. This could fuel hopes for inflation normalization after the Middle East conflict subsides, helping to calm market anxieties. If not, fragile financial markets could see another wave of risk aversion as investors face the possibility of interest rates remaining high for an extended period. This would foreshadow a challenging situation for stocks, bonds, and currencies other than the US dollar. (Jinshi)

According to CryptoQuant, as reported by Odaily Planet Daily, the amount of Bitcoin supply operating at a loss is climbing to 40-45%, a level historically common in the early stages of a bear market.

According to an official announcement, Binance Wallet's exclusive TGE 44th round will be listed on UnitasLabs (UP): Subscription period: March 13, 2026, 4 PM to 6 PM (UTC+8); Eligibility: Eligible users must use Binance Alpha Points to participate; An additional 10,000,000 UP will be used for future activities, and specific details will be announced separately.