Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene. But the woman, the daughter of France-based crypto exchange platform Paymium CEO and co-founder Pierre Noizat, resisted. She grabbed one of the attackers’ handguns and threw it away. The commotion caught the attention of passersby who tried to help, including one man who brought out a fire extinguisher. The attackers eventually ended up fleeing in their waiting vehicle. The victims sustained injuries and were taken to the hospital. The attack follows a series of incidents targeting crypto entrepreneurs in France. In January, kidnappers abducted crypto wallet firm Ledger co-founder David Balland and his wife and demanded a large ransom in cryptocurrency. The police managed to rescue the couple and the suspects, including the alleged mastermind, are now detained. Last month, masked men also kidnapped the father of a crypto millionaire in the French capital and demanded ransom. The police were able to locate the place of detention and freed the man during a raid. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Exchange CEO’s Daughter and Grandson Narrowly Escape Kidnap Attempt by Armed Gang in France: Report appeared first on The Daily Hodl .
Cardano (ADA) founder Charles Hoskinson announced the launch of Cardano’s privacy-focused sidechain Midnight and new details about its upcoming airdrop, Glacier Drop, at Consensus 2025 in Toronto. According to Coindesk, Hoskinson announced that NIGHT governance tokens and DUST privacy transaction tokens will be distributed to approximately 37 million users on 8 major blockchains. Cardano’s privacy sidechain Midnight will airdrop NIGHT and DUST to 37 million wallets across 8 blockchains, including Bitcoin (BTC), Ethereum (ETH), ADA, XRP, Solana (SOL), BSC, AVAX, and POL, excluding VCs. In a notable move, unlike most airdrops, nothing will be given to venture capitalists (VCs) this time around. Hoskinson made it clear that no venture capital firms will be involved in the airdrop process. Instead, the entire airdrop will go only to retail users, who will be free to hold or trade the tokens. This means that both NIGHT and DUST tokens will only be issued to retail users. Midnight is currently on testnet, with a mainnet launch expected in late 2025. How Does Midnight Work? Midnight is not just about privacy. It offers a new economic model that allows developers from different blockchain ecosystems to securely interact on the blockchain without the need for token conversion. Developers can pay network fees in their native tokens, such as ETH, SOL, or BTC, as this model is reportedly designed to encourage collaboration across ecosystems rather than competition. *This is not investment advice. Continue Reading: Cardano (ADA) Founder Reveals Long-Awaited Airdrop Details! Will Be Distributed to 37 Million Wallets! – Some Users Won't Be Able to Receive Airdrop!
As Binance Coin (BNB) navigates a volatile short-term range, traders are cautioned to remain vigilant against potential false breakouts that could disrupt market momentum. The recent price behavior suggests a
MetaMask co-founder said the company is still considering a native token launch and revealed how the team would go about announcing it. In a recent interview , the Block’s Head of Growth, Tim Copeland, asked the crypto wallet’s co-founder Dan Finlay if the company was still planning to launch a native token sometime in the future. Finlay simply replied to the question with “maybe.” When asked for more details, Finlay said that there’s still a lot of speculation surrounding whether the company will launch a token or not. It has been hinting at a token launch since as early 2021. At the time, MetaMask engineer Erik Marks prompted the idea of community ownership of the wallet through a token launch, which was followed by a post from ConsenSys CEO Joseph Lubin saying a “Wen $MASK?” Although there does not seem to be any concrete plan about a token launch, Finlay did reveal that if the MetaMask team were to launch a token, it would be linked directly to the user’s digital wallet. “You’ll be able to find a link directly in the wallet. You will not find some account on social media that you’ve never heard of giving you a link,” said Finlay in the interview. He said information about a native token launch from MetaMask would not be distributed to users through email or a text message. Instead, it will be announced through official channels. You might also like: Consensys establishes a Swiss non-profit to support Linea decentralization “It will be in the wallet, it will be on our main website. Use the channels you already know to find communications from us,” Finlay continued. Moreover, Finlay cited the shifting regulatory regime in the U.S. under the more crypto-friendly Trump administration provides more “safety for far more kinds of token launches.” “Hopefully people take this opportunity to push the boundaries and establish precedence for things that we can all be doing,” said Finlay. In early March, MetaMask published a notice, warning users about accounts promoting fake MetaMask tokens. The platform clarified that claims suggesting the existence of a MetaMask token are false and potentially harmful. Back in 2023, it issued a similar notice debunking rumors of an official token airdrop linked to the platform. You might also like: No official MetaMask token: wallet provider warns of scam schemes
Sygnum Bank is now allowing clients to use staked SOL as collateral for multi-currency loans, as institutional demand drives a doubling in its crypto lending volume. Swiss digital crypto-friendly bank Sygnum has added staked Solana ( SOL ) to its portfolio of tokens eligible as collateral for Lombard loans, allowing clients to access fiat liquidity while continuing to earn staking rewards. In a Thursday blog announcement , the Swiss bank said the new feature applies to loans in Swiss francs, euros, Singapore dollars, and U.S. dollars. The new update allows Sygnum clients to unlock liquidity from their staked Solana holdings while continuing to earn staking rewards, creating “dual-income potential from a single crypto asset,” the bank said. Sygnum also noted that Lombard loans that pledge staked SOL as collateral are “low-cost because the generated staking rewards are used to cover the majority of the fees.” You might also like: Swiss crypto bank Sygnum adds Deribit into off-exchange custody platform The move comes as Sygnum’s lending business has seen significant growth as its loan volume doubled over the past 12 months, the press release reads. The latest addition expands Sygnum’s Lombard loan collateral pool, which already includes Bitcoin ( BTC ), Ethereum ( ETH ), unstaked SOL, Polkadot ( POL ), Ripple’s XRP ( XRP ) and other altcoins. Benedikt Koedel, head of credit & lending at Sygnum Bank, said the addition of staked Solana as collateral aims to meet a “key client need to optimise yield while maintaining liquidity.” In November 2024, a Sygnum survey of over 400 high-net-worth investors found growing confidence in crypto’s long-term potential, driven by demand for portfolio diversification and macroeconomic hedging. The report linked this optimism to expected higher returns and a broader “megatrend” fueled by strong interest in the sector. Read more: Swiss crypto bank Sygnum bags $58m, reaches $1b unicorn status
BTCS Inc. is making headlines with a substantial $57.8 million financing agreement aimed at expanding its Ethereum staking and validator operations. This strategic move marks a significant shift in BTCS’s
Investors Claim Fraud and Broken Promises Hashling NFTs co-founder and co-founded related Bitcoin mining business Jonathan Mills is sued by former business partners for allegedly falsely denying them millions of dollars. Mills was accused, in a May 14 Illinois court filing, of stealing at least $3 million and of failing to supply promised equity dividends to key participants and investors. The lawsuit, filed by multiple plaintiffs, claims that Mills led them to transfer assets of the project to a company he owned — Satoshi Labs LLC, formerly Proof of Work Labs. The plaintiffs accuse Mills of committing fraud and breach of fiduciary duty, and they are seeking full legal recovery. $1.46 Million Raised, Zero Returns The plaintiffs assert that they collectively made $1.46 million in two NFT drops on the Solana and Bitcoin blockchains in anticipation of a fair return on their investment. However, they allege they were left with nothing since Mills maintained control over funds and assets. The suit also has allegations that Mills ghosted the plaintiffs and created a shareholder agreement awarding himself 67% company equity. Other contributors, who had invested up to $20,000, were allegedly offered only 2% stakes. A Deceptive Beginning and Disappeared Promises The Hashling NFT project is said to have originated from an earlier concept that Mills and one of the plaintiffs, Dustin Steerman, discussed. Although he had no knowledge of working with NFTs and had no funds, Mills was ushered into the project because he was excited about it and wanted to assist initially. Eventually, Steerman and Mills contracted others to take care of everything from social media and NFT art to grass-roots marketing at NFT conferences. Mills even brought in his girlfriend to invest, the complaint alleges. Legal Action and Requests for Compensation Not only is the plaintiff seeking damages for fraud and fiduciary breaches, but also for the imposition of a constructive trust on all assets of the NFT and mining businesses. The lawsuit confirms the growing legal focus on NFT and blockchain projects, particularly where project control clashes with investor expectations.
Authorities in Europe have arrested 17 people involved in an illegal money-moving network that helped other criminal groups transfer over €21 million (about $23.5 million) using cryptocurrency.
XRP surpasses $2.50, sparking renewed investor interest and analyst optimism. Analysts predict XRP could reach $28 by year-end amid ongoing global initiatives. Continue Reading: XRP Surges Past $2.50, Catching Investor Attention Again The post XRP Surges Past $2.50, Catching Investor Attention Again appeared first on COINTURK NEWS .
What is HTTP 402, and why does it matter? The web was not really built with payments in mind, especially not for autonomous agents or machines. But with the rise of AI and decentralized finance (DeFi) , the need for seamless, native digital payments has never been more urgent. Coinbase x402 announced a new open protocol designed to let APIs, apps and AI agents pay instantly using stablecoins like USDC ( USDC ), all via the familiar HTTP protocol. This isn’t just a product update. X402 revives a long-forgotten piece of internet infrastructure and reimagines it for a future powered by agentic systems and crypto. HTTP status codes: A quick refresher Understanding HTTP status codes helps clarify how the web communicates behind the scenes. Here are some key ones to know: HTTP 200 — OK: Standard response for successful HTTP requests. HTTP 401 — Unauthorized: Indicates the request requires user authentication; typically used when credentials are missing or invalid. HTTP 403 — Forbidden: The server understood the request, but it refuses to authorize it (often due to lack of permissions or access control). HTTP 404 — Not found: Indicates that the requested resource could not be found. HTTP 402 — Payment required: Originally intended to support digital payments directly within the protocol but left as a “reserved for future use” status code due to the lack of global payment infrastructure at the time. HTTP 500 — Internal server error: A generic error message when the server encounters an unexpected condition. Although the creators of the web imagined a future where online services might request payments directly through the protocol, for decades, no one found a practical use for it. It sat dormant for over 25 years, with no widespread adoption or defined behavior. Today, HTTP 402 is finally coming to life, thanks to Coinbase’s x402 protocol. X402 turns HTTP 402 from a placeholder into a real mechanism. It allows websites, APIs and services to signal that a payment is required before granting access to digital goods or services. Unlike traditional payment systems, which rely on external redirects or complex integrations, x402 enables native, in-protocol payments using stablecoins directly over HTTP. But why do x402 and the activation of HTTP 402 matter? With machine-to-machine interactions, autonomous agents and AI-driven services on the rise, the internet needs a payment layer that is: Instant Programmable Interoperable Trust-minimized. Activating HTTP 402 positions it as a key enabler for decentralized commerce, autonomous agents and crypto-native applications. It could become as foundational as HTTP 200 or 404 in a future where services charge micro-fees, stream value or sell access dynamically. Coinbase x402: A native payment layer for the web Coinbase’s x402 is an open protocol that allows websites and APIs to request and receive payments in stablecoins directly over HTTP. It works by using the existing HTTP infrastructure and augmenting it with a lightweight payment layer. Here is the step-by-step process for machine-to-machine transactions using the x402 protocol: Client requests a paid resource: A client, such as an AI agent, app, or browser initiates a request to an x402-enabled server (e.g., an API, data set or digital service) that requires payment to access. The server responds with a 402 Payment Required: In response, the server returns an HTTP 402 status code, along with the payment details. This includes the amount to be paid, the supported token (such as USDC) and a payment payload or address to use. Client submits the payment: The client uses its crypto wallet to sign and submit the payment. This happens programmatically — no user interaction is needed, which enables fully automated or agentic payments. It resends the original request, this time including the encoded payment information in an X-PAYMENT HTTP header. The payment is verified and settled onchain: A payment facilitator service, such as Coinbase’s x402 Facilitator, checks the blockchain to verify that the payment has been made and confirmed. The server delivers the resource: Once the payment is validated, the server fulfills the request and returns the data or content. It also includes an X-PAYMENT-RESPONSE header confirming the success of the transaction. In x402, payments happen over standard HTTP using two custom headers: X-PAYMENT and X-PAYMENT-RESPONSE. These headers allow seamless, automated payments between apps, agents and servers — without changing how HTTP works. It’s a simple yet powerful way to enable web-native, machine-to-machine commerce using stablecoins. What makes x402 revolutionary is that it doesn’t require platforms, plugins or third-party integrations. It creates a native payment layer for the web itself, just like HTTPS added security or cookies enabled session management. Did you know? HyperText Transfer Protocol Secure (HTTPS) is the secure version of HTTP, the foundational protocol used to transfer data on the web. What are agentic payments, and why are they important? As AI systems become more advanced, the agentic era has begun. In this new paradigm, software agents, ranging from AI bots to autonomous scripts, are expected to act on behalf of users or even independently. AI agents will need to perform actions like accessing data, subscribing to services or renting compute power. And all of these tasks often require payments. This is where the concept of agentic payments comes in. These are payments made by agents, not humans — fast, automatic and often low-value. Think of a data-scraping AI paying a cent to read a scientific article or a supply chain bot paying fractions of a dollar for live port data. Traditional payment infrastructure wasn’t built for this kind of use case. It falls short because of the below reasons: Built for humans, not machines. Requires logins, manual steps and batch processing. High fees and slow settlement times make them unsuitable for high-frequency, low-value, autonomous transactions. Because of the limitations of traditional payment systems, agentic payments matter for several key reasons: They enable a machine-first economy, where software can transact just like humans. Make real-time AI decision-making possible by removing friction from access to paid services. Pave the way for composable services, where agents can chain together paid APIs and tools autonomously. As discussed, such payments require machine-readable protocols, instant settlement and predictable pricing, all of which x402 enables. It’s a vital step in building a transactional layer for a machine-first internet. x402 vs. traditional payment systems Today’s online payment systems are deeply human-centric. Whether it’s signing up for a subscription, entering credit card information or passing Know Your Customer (KYC) checks, the current infrastructure assumes a person is at the center of every transaction. This design becomes a bottleneck when payments need to be made automatically, in real time and at scale. APIs that want to monetize often face hurdles like creating user accounts, handling fraud , managing disputes and integrating with centralized processors like Stripe or PayPal. These systems are slow, costly and often region-specific. X402 removes these barriers by allowing servers to ask for and receive payment directly through the protocol itself. There’s no need for logins, billing dashboards or delayed bank transfers. The value transfer is embedded into the fabric of the internet, optimized for agents and apps. The contrast between x402 and traditional payment infrastructure is stark. While x402 is protocol-first, built on crypto rails, systems like Visa, Stripe and PayPal are platform-first. X402 enables payments to settle in seconds using onchain transactions, while traditional rails typically settle over one to three business days. Moreover, x402 supports micropayments as small as fractions of a cent, making it viable for high-frequency, low-cost interactions — something that’s infeasible on credit card networks due to fees. It’s also global by design, requiring no currency conversions or regional banking relationships. Chargebacks, fraud risk and intermediary fees are virtually eliminated, thanks to the immutability of onchain transfers. Where traditional systems focus on human users with front-end interfaces, x402 enables machine-native, backend-to-backend monetization. Did you know? You can detect HTTP 402 responses using tools like Sitechecker Pro, which scans your site like a search bot and flags unusual status codes — including payment-related ones. Incumbents’ act: How Visa, Stripe and PayPal are exploring AI-powered payments To be fair, incumbents aren’t ignoring this trend. Visa, Stripe and PayPal have all acted to be in line with the trend and incorporate appropriate changes in their approach. Visa Visa has announced initiatives to allow AI agents to make purchases on behalf of users by linking them to its global payments network. This move aims to facilitate autonomous AI assistants capable of performing shopping tasks, such as managing routine purchases, based on user-defined budgets and preferences. In partnership with Bridge, a stablecoin infrastructure provider, Visa is launching stablecoin-linked Visa cards across multiple countries in Latin America. This collaboration enables users to make everyday purchases using cryptocurrency tokens, with plans to expand to Europe, Africa and Asia in the coming months. Stripe Stripe has unveiled a new AI foundation model aimed at improving fraud detection and authorization rates. This model, trained on billions of transactions, has significantly increased the detection rate for fraudulent activities, such as card-testing attacks, enhancing the security of its payment systems. Stripe has introduced Stablecoin Financial Accounts , allowing businesses in over 100 countries to hold balances in dollar-backed stablecoins like USDC and USDB. These accounts support global payments and enable firms to manage stablecoins alongside traditional payment methods. PayPal PayPal is set to launch a rewards program offering users a 3.7% annual yield on holdings of its stablecoin , PayPal USD ( PYUSD ), in PayPal or Venmo wallets. This initiative aims to encourage the adoption and utilization of PYUSD for various transactions, including merchant payments and peer-to-peer transfers. PayPal has expanded its partnership with Coinbase to increase the adoption and utilization of PYUSD. This collaboration focuses on developing stablecoin-based payments and banking solutions, as well as exploring other use cases for PYUSD in DeFi and onchain platforms. Protocols vs. platforms: The distinct approaches While Visa, Stripe and PayPal are making significant strides in integrating AI and stablecoins into their services, these companies still operate within walled gardens. They offer services, not protocols. Their infrastructures are: Centralized: Governed by corporate policies and APIs. Permissioned: Access requires onboarding, KYC and platform approval. Closed ecosystems: Where user experience and interoperability are tightly controlled. In contrast, x402 is permissionless and open, allowing any developer to plug into it without needing a merchant account. And the distinction between centralized services and open protocols like x402 will play a crucial role in shaping the future landscape of digital payments, potentially leading to a more decentralized and agent-driven economy. What is x402’s monetization model? One of the most practical use cases for x402 is API monetization. In today’s model, developers must create keys, handle access tiers, and enforce rate limits manually. With x402, APIs can simply respond to unauthenticated requests with a 402, indicating a cost, for example, $0.001 to access a data endpoint. A client can then send the required stablecoin payment and receive the response instantly. This turns APIs into microservices with embedded pricing, enabling fine-grained monetization at the level of individual function calls. It’s a model that fits naturally with both AI workloads and human developers who want to pay only for what they use. Stablecoins like USDC are central to the success of x402 and agentic payments more broadly. Their key benefit is price stability, allowing developers and agents to transact in predictable units without worrying about crypto volatility. That’s critical for applications that operate with tight budgets or usage-based pricing. USDC also offers fast finality, especially on chains like Base, Solana and Ethereum layer 2s , where transfers can confirm in seconds with minimal fees. Its broad support across wallets , APIs and ecosystems makes it a practical choice for integration. Other stablecoins like PYUSD or EURC may become relevant, but USDC’s dominance in DeFi and institutional finance gives it a clear head start. Challenges and opportunities for agentic payments Agentic payments raise important questions around security, like how can bots manage private keys safely? There’s also the issue of abuse — will bad actors flood servers with fake payments or exploit pricing models? Regulatory concerns also loom. But the upside is enormous. The emergence of a machine-to-machine economy has led to a situation where agents transact for data, compute, bandwidth and services without human input. Protocols like x402 are the rails that will power this fast, open and crypto-native economy. Coinbase’s x402 is more than a technical upgrade; it’s a new payment primitive for the programmable web. By bringing crypto payments over HTTP to AI agents and APIs, x402 transforms how the internet handles value. It opens the door to a future where transactions are embedded, automatic and driven by machines, not just people. As the digital economy evolves, protocols like x402 could become the foundation of the new internet, powered by a new-age financial infrastructure.