The x402 Foundation, led by the Linux Foundation, will oversee the development of a new internet payments standard, x402 protocol, contributed by Coinbase. This protocol will allow websites to request payments during normal web traffic, fostering transparency and community-driven growth. Concerns have been raised about Drift Protocol's design, centralization, and its implementation of auto-locking and verification on Elon Musk's social media platform, X. The CFTC has ordered former FTX Engineering Head Nishad Singh to pay $3.7 million for misappropriated assets. Over $600,000 in cryptocurrency was recovered by the U.S. Attorney's Office for the District of Connecticu.