bitconsul

Crypto Community Manager | Content creator | Fintech Support Agent | Personal opinions only | NFA

[bitconsul @bitconsul]

@ax1vc @turnkeyhq those are some impressive numbers! keep the momentum going

[VANITY FAIR @VanityFair]

Jared Kushner’s Hacked Phone Revealed His Secret Negotiations—Including More Than $700 Million In Transfers https://t.co/nGPmAooZSP

[bitconsul @bitconsul]

@RHAPOPO Brucie Kibbutz
is that you man
no way

[bitconsul @bitconsul]

@DiscussingFilm can’t be real

but if it is… can’t wait for it 👀

[bitconsul @bitconsul]

@DailyLoud Wow

[bitconsul @bitconsul]

@ax1vc @base @BlockRunAI this degen interface is absolutely beautiful

agentic season is officially on 😉

[AX1 @ax1vc]

The agentic activities launchpad on @base

Now officially live, with a weekly USDC reward pool for the 300 most active agents.

One click spins up your agent. It takes a quest, buys inference from @BlockRunAI over x402, does the work, and settles onchain. A paying customer of the machine economy from task one.

First quest up: Verdict. Point your agent at any contract address and get a verdict card back. Quests cost cents - rerun as often as you want. Oracle is next.

Powered by Dev Platform @buildonbase

Try now:
https://t.co/mKc2JoqDNk

[bitconsul @bitconsul]

@ax1vc @rainbowdotme saw their updated website - looks amazing. metrics are growing too… and so is the token price 😈

[AX1 @ax1vc]

Decided to find out if anyone else was profiting off of Robinhood Chain. Turns out there is a wallet.

RH Chain fees hit $4M+/day at the peak this week. @rainbowdotme captured around $52k of it. Nothing for Robinhood, but 3x Rainbow's weekly revenue in June and more than it made on Base all month.

Why: Robinhood covers gas only inside its own wallet (with some exceptions) and only until September 29. Rainbow covers gas everywhere with no end date announced. If activity holds past the 29th, that's a moat.

The wallet is different too. A year ago Rainbow was where you looked at your NFTs. Now it's smart accounts, gas paid, and Shein pre-IPO perps next to Polymarket markets on one screen.

To be fair: MAU is flat YoY (~130k), $RNBW is ~4x below its CoinList price. All disclosed monthly at https://t.co/Fghgu85XE1. Rare at a $5M cap for a US team with a Base-native token.

[bitconsul @bitconsul]

@spyzer Lol

[bitconsul @bitconsul]

@BearEarn …and me 🙉

[bitconsul @bitconsul]

🤩

[AX1 @ax1vc]

AX1 × @upshot_cards

Our first co-branded drop is live: complimentary prediction card packs for verified Console operators. Made with Upshot - winner of Base Batches 002, backed by Coinbase Ventures.

The pack is built around Gamescom 2026. It goes live on August 25, the night Opening Night Live opens the week. Tear it open, back your picks for the gamescom awards, and the pools settle when the winners are called.

Eligibility runs on your tier status.

Upshot runs one of the most elegant consumer loops on Base: open the pack, back your prediction, the pool rewards whoever called it right. Crypto for consumers with the loop actually closed.

The quest is live in the Console right now.

This won't be the only collaboration: our partner lineup keeps growing.

How to claim - below.

[bitconsul @bitconsul]

@ax1vc @base This looks absolutely incredible!
I’m already blown away just by the interface 🤩

[AX1 @ax1vc]

Introducing AX1 Console - live in public beta!

The agentic activities launchpad on @base.

Get a custom AI agent that completes missions for you: onchain activity, XP-based contribution, and access to partner rewards across the ecosystem.

The first mission is already live. Partner missions from apps you already know are just around the corner.

Agent fees will remain at 0% for the first 72 hours after launch.

Launch your agent:

https://t.co/Q4IQZuf3ke

[AX1 @ax1vc]

Word on the street is that exploring a token is the meta now.

We respect the meta. AX1 is beginning to explore an ecosystem token.

Promisingly early.
B20 on Base, obviously.

https://t.co/LBqmfuqFT8

[bitconsul @bitconsul]

@metroTM33

[bitconsul @bitconsul]

@RaminNasibov Everytime

[AX1 @ax1vc]

Coinbase made the specification freely available.
Cloudflare proved that was the costly piece of it.

HTTP 402 appeared in the spec as far back as 1997. For nearly three decades, it was an answer without a sequel: the server would reply "Payment Required", and there would be no established protocol of the follow-up. Coinbase wrote the sequel, calling it x402, and making it open. The name is literal: an extension of code 402, the sequel to a thirty-year-old status code.

Making a standard freely available is the way to get the larger player to adopt you. The value was never the spec itself. Coinbase runs a facilitator, and Base is their chain. The spec was free, because the settlement was the product.

It worked. Last September Cloudflare joined them in forming the x402 Foundation, and yesterday they announced the addition of agent wallets on top of it: what is live now is a handle at cloudflarepay, a human-readable identifier linked to the agent's key. The standard was adopted by the company sitting in front of more of the web than any other.

That September post contains the portion worth reviewing again. Along with the announcement of the foundation, Cloudflare proposed a deferred scheme within x402: the client signs the HTTP message signature, the server delivers the resource, settlement aggregates later, either using traditional rails, or via stablecoins. And their own description of the handshake step says outright that no blockchain is involved.

Notice what it implies. The protocol still supports per-request settlement onchain, nothing was removed. There are several payment schemes within x402, and the server chooses which one to offer in the 402 response. Choice of rails moved from the protocol itself to the operator of the endpoint. The company in front of most endpoints demonstrated which scheme it designed for itself.

There is nothing wrong with any of those actions. Suggesting schemes is what members of an open standard do. Coinbase chose openness to be the weapon precisely because it was the one weapon a larger player had to accept. The same mechanism which helps you to get adopted takes away your settlement.

Where the settlement goes, the record follows. Onchain payments on a per-request basis are transparent for everybody. Batched behind the signature, they reside in the logs of whoever has validated it.

Coinbase's counter-bet is real: batched settlement between strangers still requires a neutral unit both sides trust, Cloudflare's wallet is denominated in stablecoins, and not credits, and even the volumes may find their way onto the rail eventually regardless of which handshake carries it.

Two observable factors will determine it. Will the deferred payment make it to a major update of the specification? And how much pay per crawl will charge once the private beta ends?

We run our agent wallets on Base, so it is not just a spectator issue. Open standards help you getting adopted by companies larger than you. Adoption and settlement are two separate prizes.

[bitconsul @bitconsul]

@Treesy__ @MarioNawfal This is real footage, bro. I can say that with confidence… because I’m a local.

And yeah, you’re fully right about RT… but not this time