HSBC and Ant Digital Technology test AI Agent-powered payments, enabling real-time settlement based on tokenized deposits.

According to HTX market data, Treasure (MAGIC) posted a sharp rally over the past 24 hours, surging more than 130% at its peak. Its current market capitalization stands at around $51.291 million, with a fully diluted valuation of roughly $52.8815 million. The global 24-hour spot trading volume reached $407.8 million, about 8 times its market cap, signaling extremely active trading. For perpetual contracts: the 24-hour open interest (OI) is approximately $693.2 million, translating to an OI/market cap ratio of 1351.55%, and a 24-hour perpetual-to-spot trading volume ratio of 32.7x. Its circulating supply is 337.23 million tokens, while total supply is 347.687 million tokens.

XRP Ledger has recently patched a payment system vulnerability dating back to as early as 2015. The flaw allows attackers to bypass the system’s token exchange amount calculation limits via a specially crafted payment transaction, generating and spending massive XRP out of thin air and undermining the mechanism capping XRP’s total supply at 100 billion tokens. Attackers can create hundreds of accounts, post offers to exchange a small number of tokens for a huge amount of XRP, then execute a single payment to settle all these offers at once. Due to a defect in the software’s total transaction value calculation, seller accounts may receive the full XRP amount while buyer accounts barely need to pay the corresponding sum. Researchers Cayden Liao and Veria AI reported the vulnerability on September 22. RippleX later reproduced the attack and confirmed the generated XRP could be used in subsequent transactions. RippleX noted there is currently no evidence the vulnerability has been exploited on any public network. The development team released the xrpld 3.4.1 version on September 25 to fix the flaw.

According to HTX market data, tokens in the GameFi (blockchain gaming) sector are posting broad gains. Specifically: MAGIC has surged over 134% in 24 hours, pushing its market capitalization to $53 million; PIXEL is up more than 28% in the same period, with a market cap of $27 million; XAI rose 17% in 24 hours, reaching a market cap of $22 million; YGG is up over 10% in 24 hours, at $29 million; RONIN gained more than 9% in 24 hours, with its market cap climbing to $55 million; GALA is up 9% in 24 hours, hitting a market cap of $125 million.

Beating AI News Brief: According to a Nomura report, Moonshot (Kimi)’s annualized recurring revenue (ARR) is estimated to hit $1.2 billion in September. Bloomberg previously reported Kimi’s ARR crossed $1 billion in August, with a year-end target of $2 billion. What’s even more surprising is that K2.8 Preview, which launched just on September 11, is estimated to contribute roughly 40%–45% of ARR, outpacing the flagship K3’s 30%–35%. K2.8 Preview is priced lower, targeting primarily programming and daily agent tasks. However, the flagship model still commands a higher gross profit margin. Experts estimate K3’s gross margin is around 35%–40%, while lower-priced models like K2.8 Preview have margins of 20%–25%. API is Kimi’s largest revenue stream, with overseas markets accounting for over half of its revenue.

According to HTX market data, MAGIC’s 24-hour price gain has widened to 130%, currently trading at $0.1532, with its market capitalization rising to $53 million.

According to a Wall Street Journal (WSJ) report, prediction market platform Kalshi is investigating a series of suspicious trades tied to the appointment of a new White House press secretary by U.S. President Donald Trump. Trump confirmed Friday that conservative commentator Katie Zacharia would take on the role—a pick not widely viewed as a frontrunner, whose win probability in Kalshi’s related markets once stood at just around 1%. An analysis of Kalshi’s public trading data by the WSJ found at least three trades that correctly bet on Zacharia’s appointment ahead of the announcement. One trade, placed Thursday evening for $19, is projected to pay out $1,896; the other two, for roughly $74 and $80 respectively, are expected to yield $3,689 and $4,023. A Kalshi spokesperson confirmed the platform is investigating the matter but did not disclose additional details. As prediction markets expand in scale, the risk of trading with non-public information has come under growing scrutiny. Earlier, Gabriel Perez, a teleprompter operator for the Trump White House, was fired for earning over $100,000 from bets on the president’s speeches, and reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC) in August this year. The White House also previously sent a memo to staff warning against using non-public information for personal financial gain.