News

NEAR token surged by 17%, extending its weekly gains to around 40%, following the launch of the "Confidential Intents" feature on the NEAR network. This private execution layer connects the mainnet with confidential shards to process transactions, allowing users to switch to privacy accounts to reduce frontrunning, sandwich attacks, and other forms of MEV. Market reactions indicate that investors expect this privacy and compliance system to attract institutional trading flows into NEAR, although current base layer fee revenue remains limited compared to its 1.8 billions USD market capitalization.

Foresight News reported that the crypto API development company Crossmint announced on Twitter that it will launch AI agent-exclusive virtual cards, supported by Visa Intelligent Commerce. After users save their frequently used card information to their accounts, OpenClaw agents can apply for virtual card numbers with spending limits and use them, retaining reward points. The first whitelist applications will open next week.

a federal judge has remanded the case filed by Nevada against Kalshi and Polymarket's parent company Blockratize to state court, ruling that the relevant claims are mainly based on state law and that the Commodity Exchange Act does not completely preempt state law claims. This move means that Nevada regulators can continue to seek a temporary injunction in state court, increasing the risk that Kalshi and Polymarket will be restricted from offering event contract trading locally. The report states that Kalshi is evaluating emergency appeal options, and Polymarket has applied for a stay of enforcement. Previously, Nevada accused that the relevant event contracts require licensing under state law and filed a lawsuit.