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What is visible is a massive financing of $33 million, what is not visible is a war. KITE AI officially announced its latest Series A funding of $18 million, bringing the total fundraising to $33 million. The golden teachers understood the amount and the investment institutions, so they went all in on NFTs and made a 10x profit, while the king teachers understood that behind this financing lies a global behemoth competition for dominance in payments. Let’s dive in! ⬇️ @GoKiteAI There are so many highlights in this round of financing, let’s break them down one by one. First, let’s talk about the amount. The recently completed Series A funding is $18 million. I checked @RootDataCrypto, and this is the second highest in the entire AI sector this year. If we consider the total investment amount, KITE can also rank in the Top 10, and remember, this is just the beginning. KITE raised $15 million in seed funding in February this year, and in just six months, it secured Series A funding. Moreover, the positioning in the sector is very clear, as the foundational trading layer of the Agentic internet, it can be distilled into a more concise term: AI payments. More importantly, the investors. Both rounds of financing were led by Paypal Ventures and General Catalyst. Paypal Ventures is the investment arm of the payment giant Paypal, and KITE AI is their only heavily invested AI payment project in the blockchain space. Why are they so aggressive? The truth is, they have no choice but to be. In 2023, Paypal partnered with Paxos to launch the stablecoin PYUSD, which is one of their biggest moves into the crypto space. Users can use PYUSD for payments, cross-border remittances, international payments, peer-to-peer transfers, and more through Paypal or Venmo. "Pay with Crypto" is Paypal's core strategy for 2025, with services supporting over 100 cryptocurrencies and wallets, and deep cooperation with Coinbase. Other giants are not idle either. Main competitor @stripe announced its entry into crypto payments in 2024, supporting stablecoins like USDC, and will launch stablecoin financial accounts in 2025, allowing businesses in 101 countries and regions to use cryptocurrencies for transactions. Unable to develop quickly enough, Stripe has successively acquired the stablecoin platform Bridge, the crypto wallet company Privy, and is personally entering the payment-specific blockchain Tempo with Paradigm. Meanwhile, the established brand @Visa is also eyeing the market, expanding stablecoin payments, RWA platforms, and investing in crypto custody company Anchorage Digital. Circle is also making waves, not only with stablecoins but also launching its own public chain Arc. Looking at this payment war, it’s easy to understand why Paypal is betting on KITE. Fortune magazine just published an exclusive report summarizing it well: KITE AI covers identity, payments, and governance, with programmable payment and decentralized trust capabilities, which is a perfect match for traditional payment giants! KITE has refined the details of AI payments, treating payments as contract events, supporting subscription and pay-per-use models, with lower costs and higher security. One can imagine that Shopify only needs to integrate KITE AI to immediately bring various shopping experiences powered by AI Agents smoothly, directly linking blockchain, AI, and consumption in three major scenarios. Compared to other giants developing their own payment chain strategies, investing in the leading "AI payment" sector is undoubtedly a more efficient approach. Many people jokingly say that from now on, KITE is Paypal's favorite child, but I always feel that being able to invest in KITE AI is a blessing for Paypal amidst the surrounding enemies. / Another investment institution, General Catalyst, may be a bit unfamiliar but is not to be underestimated. It is one of the top three VCs in the US, ranked even higher than a16z, and is a major investor in payment star projects like Circle, Agora, and Parallax. It may be more famous in Web2, with a portfolio that includes Canva, Stripe, Airbnb, and more. Another investment characteristic to point out is that it covers mainstream capital from Europe, the US, Japan, and South Korea, including one of Japan's largest financial groups, SBI, top VC firm Hashed from South Korea, and Samsung Next, which will be significant during the future TGE 👀 I can only congratulate the boss @ChiZhangData, @scottshics, and the Asia-Pacific head @0xLaughing in advance. This is a soft-core popular science article, through which you can gain a basic understanding of the following knowledge: ▰ What is KITE AI ▰ The payment war landscape behind KITE's investment ▰ There’s still time to rush before TGE (not really) Author: anymose | A soft-core popular science writer * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!

What is visible is a massive financing of $33 million, what is not visible is a war. KITE AI officially announced its latest Series A funding of $18 million, bringing the total fundraising to $33 million. Teacher Huang understood the amount and the investment institutions, going all in on NFTs to earn a 10x return, while Teacher Wang understood that behind this financing lies a global behemoth battle for dominance in payments. Let’s dive in! ⬇️ @GoKiteAI There are so many highlights in this round of financing, let’s break them down one by one. First, let’s talk about the amount. The recently completed Series A funding of $18 million is the second highest in the entire AI sector this year, according to @RootDataCrypto. If we consider the total investment amount, KITE can also rank in the Top 10, and remember, this is just the beginning. KITE secured $15 million in seed funding in February this year, and in just six months, it has secured Series A funding. Moreover, the positioning in the sector is very clear, as the foundational transaction layer of the Agentic internet, it can be distilled into a more concise term: AI payments. More importantly, the investors. Both rounds of financing were led by Paypal Ventures and General Catalyst. Paypal Ventures is the investment arm of the payment giant Paypal, and KITE AI is their only heavily invested AI payment project in the blockchain space. Why are they so aggressive? The truth is, they have no choice. In 2023, Paypal partnered with Paxos to launch the stablecoin PYUSD, which is one of their largest forays into the crypto space. Users can use PYUSD for payments, cross-border remittances, international payments, and peer-to-peer transfers through Paypal or Venmo. "Pay with Crypto" is Paypal's core strategy for 2025, supporting over 100 cryptocurrencies and wallets, and collaborating deeply with Coinbase. Other giants are not idle either. Main competitor @stripe announced its entry into crypto payments in 2024, supporting stablecoins like USDC, and launching stablecoin financial accounts in 2025, allowing businesses in 101 countries and regions to use cryptocurrencies for transactions. Unable to develop quickly enough, Stripe has acquired stablecoin platform Bridge, crypto wallet company Privy, and is personally entering the payment-specific blockchain Tempo with Paradigm. Meanwhile, the established brand @Visa is also eyeing the market, expanding stablecoin payments and RWA platforms, and investing in crypto custody company Anchorage Digital. Circle is also making waves, not only with stablecoins but also launching its own public chain Arc. Looking at this payment war, it’s easy to understand why Paypal is betting on KITE. Fortune magazine just published an exclusive report summarizing it well: KITE AI covers identity, payments, and governance, with programmable payment and decentralized trust capabilities, which is a perfect match for traditional payment giants! KITE has refined the details of AI payments, treating payments as contract events, supporting subscription and pay-per-use models, with lower costs and higher security. One can imagine that Shopify only needs to integrate KITE AI to immediately bring various shopping experiences powered by AI Agents, directly linking blockchain, AI, and consumption in three major scenarios. Compared to other giants developing their own payment chain strategies, investing in the leading "AI payments" sector is undoubtedly a more efficient approach. Many people jokingly say that from now on, KITE is Paypal's favorite child, but I always feel that being able to invest in KITE AI is a blessing for Paypal amidst the surrounding enemies. / Another investment institution, General Catalyst, may be less familiar but is not to be underestimated. It is one of the top three VCs in the US, ranked even higher than a16z, and is a major investor in payment star projects like Circle, Agora, and Parallax. It may be more famous in Web2, with a portfolio that includes Canva, Stripe, Airbnb, etc. Another investment characteristic to point out is that it covers mainstream capital from Europe, the US, Japan, and South Korea, including one of Japan's largest financial groups, SBI, top Korean VC firm Hashed, and Samsung Next, which will be significant during the upcoming TGE 👀 I can only congratulate the boss @ChiZhangData, @scottshics, and Asia-Pacific head @0xLaughing in advance. This is a soft-core popular science article, through which you can gain a basic understanding of the following knowledge: ▰ What is KITE AI ▰ The payment war landscape behind KITE's investment ▰ There’s still time to rush before TGE (not really) Author: anymose | A soft-core popular science writer * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!

“Don’t Trust, Verify” has never been more relevant in DeFi. With smart contracts growing increasingly complex and billions in assets secured on-chain, the question arises: what role do bug bounty programs play in safeguarding against vulnerabilities? We analyzed the landscape of @Aave listed assets 👇 Bug bounty programs incentivize independent researchers to discover vulnerabilities by offering financial rewards. Long established in Web2, this model is now an essential layer in Web3 security, addressing the unique risks of smart contracts—especially the potential loss of user funds. Rewards scale by severity, with the highest-impact bugs earning maximum payouts. Our report reviewed Aave V3 markets and focused on assets with at least $5M in total value supplied (TVS). Each asset was evaluated based on whether it was: • Explicitly included in a bug bounty scope, • Implicitly covered by protocol-wide policies, or • Without any verifiable coverage. Where coverage could not be confirmed via public documentation, the asset was deemed to lack a formal bounty. Baseline Standards • A minimum bounty of $50,000 is required to attract skilled researchers, regardless of TVL. • For protocols with TVL > $250M, maximum payouts should exceed $1M to demonstrate a serious commitment and provide a competitive incentive versus black-hat exploitation. Findings • 47 assets on Aave V3 met our review threshold (> $5M TVS). • 33 assets ($19.7B supplied) are backed by adequately sized bounties. • 10 assets ($19.2B supplied) have either no coverage or severely insufficient programs. • 4 assets ($10.8B supplied) meet minimum criteria but require higher payouts or broader scope. Issuers needing improvement include: @circle (USDC, EURC), @Tether_to (USDT), @BitGo (WBTC), @EtherFi (eBTC, weETH), @monerium (EURe), @GnosisDAO (GNO), @Ripple (RLUSD), @PayPal (PYUSD), @withAUSD (AUSD), @KelpDAO (rsETH), @avax (WAVAX), @Binance (WBNB). Next Steps Following this report, we’ll launch a weekly/daily series spotlighting issuers flagged in our analysis. The goal: encourage asset issuers to establish—or upgrade—bug bounty programs in line with our recommended standards.