News

BlockBeats reported that on April 21, during the event "Decoding Web 4.0: When AI Agents Take Over On-chain Permissions," Cobo showcased its Agent-oriented "Contract-based Execution" mechanism and its application path in real trading scenarios through a Skills Demo. This mechanism provides a structured definition for each transaction based on four key elements: intention, execution path, constraint rules, and completion conditions, enabling Agents to autonomously complete operations within predefined boundaries. In the demonstration, for basic scenarios such as Swap, users only need to approve a contract once in advance, and the Agent can automatically execute trades within the set constraints; once the transaction is completed, the contract terminates and enters a pending state, reducing the risk of long-term exposure of permissions. For more complex scenarios like cross-chain Bridge, Agents can plan the path autonomously (such as selecting cross-chain bridges and execution routes) and package the entire execution plan into a batch of contracts for user approval. Once approved, subsequent multi-step operations do not require individual signatures, significantly improving execution efficiency.

BlockBeats News, April 21, according to Hyperinsight monitoring, in the past 16 hours, a Galaxy Digital affiliated address (0xcac) has continued to close out its ETH short positions, reducing its holdings by 905 coins, equivalent to approximately $2.09 million. Currently, there is still an unrealized gain of $2.6 million, with a total position size of $7.4 million. Since March, the address has significantly reduced its position, continuously selling off BTC and ETH spot holdings while simultaneously closing out short positions. The total amount sold in spot holdings has reached $11 million, completing the liquidation; the short position size has also decreased from $35 million to the current $13.8 million. During this period, funding fee settlements have resulted in approximately $3.5 million in profit. It is reported that this address has received multiple on-chain transfers from Galaxy Digital and has been actively engaged in a neutral arbitrage strategy on Hyperliquid. This strategy usually involves selling spot holdings and closing out short positions, or buying spot holdings and increasing short positions to maintain risk neutrality. Address: 0xcac19662ec88d23fa1c81ac0e8570b0cf2ff26b3

Payment direction for deferred compensation fee: Au(T+D) — Long pays Short, Ag(T+D) — Short pays Long;