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BlockBeats News, October 23, BlockBeats News, on October 22, Kite and Brevis announced a strategic partnership aimed at jointly building the world's first verifiable and trustworthy AI computation and payment network. It is understood that Kite, a Layer-1 blockchain designed specifically for AI agent payments, provides core functions such as identity management and stablecoin micropayments through the "Proof of AI" mechanism, building an identity verification and financial settlement system for the AI sector; Brevis, on the other hand, enables off-chain verifiable computation through zero-knowledge proof technology and has already supported modular scaling for multi-chain ecosystems including BNB Chain. The two parties plan to launch features such as zk-based SLA proofs and agent zk passports through four stages of deep integration, ultimately achieving a micropayment network with costs below 1 cent and scalability to billions of transactions. Reportedly, Kite previously announced in September 2025 the completion of a $33 million financing round led by PayPal Ventures and General Catalyst. This cooperation with Brevis will form a closed loop of "verifiable computation - cryptographic authorization - micropayment settlement," which is expected to solve the "black box" AI trust issue, promote the AI economy from automation to transparent accountability, and lay a solid foundation for trillion-level autonomous collaboration among intelligent agents.

BlockBeats News, October 23—The Federal Reserve has suffered another setback. Following the suspension of statistics due to the ongoing government shutdown, even its long-term partner ADP has now stopped providing high-frequency employment data to the Fed, leaving policymakers in an unprecedented "data vacuum" ahead of the October 28–29 meeting. Reportedly, Powell personally attempted to restore data sharing but was ultimately unsuccessful. This means the Fed will have to assess policy without access to real-time labor market data, significantly increasing the risk of policy misjudgment. On the macro level, the U.S. government shutdown has entered its 22nd day, approaching the longest record in history. Oxford Economics warns that if the deadlock continues into mid-November, it may overlap with the holiday season, causing consumer confidence to collapse and triggering "lasting trauma." The market has begun to bet that the Fed may end quantitative tightening early, or even be forced to make a substantial rate cut in December to address potential recession risks. U.S. Treasury yields have retreated, the dollar index is fluctuating, and market deleveraging sentiment is rising. In the crypto market, liquidation heatmaps show a dense liquidation band forming above $114,000 for BTC, while strong support and buying interest appear in the $105,000 to $106,000 range below. Macro uncertainty combined with tightening dollar liquidity is driving a rise in short-term risk aversion, increasing the risk of volatility expansion. Bitunix analyst's view: The Fed's data failure means reduced policy transparency and distorted market signals. When decision-making bases become unreliable, capital tends to use real-time market prices as the "only trustworthy indicator," which actually gives the crypto market's liquidity pricing mechanism a relative advantage. In the long run, data sovereignty and information transparency will become the new battlegrounds for monetary trust.