AI Crypto News: Sector Value Drops Amid Convergence Push
AI crypto news is dominated by two developments: declining token prices and expanding platform capabilities. AI tokens fell 4.58% in 24 hours, taking their sector value to $24.29 billion, according to CoinMarketCap data.
BlackRock's paper, The Machine-Native Economy, published on September 22, proposes that AI is machine-native intelligence and digital assets are machine-native money. It highlights three areas where AI and crypto converge: shared design, payment rails, and compute markets.
Coinbase announced on September 23 that its AI agent product can now trade over 6,000 stocks, alongside crypto and derivatives. The platform also enables agents to pay for market data mid-task through x402, an open protocol allowing software to pay for services in stablecoins.