Nansen has launched AI-powered trading functionality across its web and mobile products, marking a strategic shift from analytics-only tooling toward what it calls agentic trading — a model that connects real-time onchain intelligence directly to execution.
In a press release shared with CryptoNews the firm explains the the launch allows users to move from insight to trade within a single interface, initially across Solana and Base.
Last month, we launched Trading Beta for paid users. Today, we're opening up a new way to trade for 𝒂𝙡𝒍 users.
The release represents Nansen’s most significant product expansion to date, evolving the platform beyond analytics into execution. Trading is now available directly within Nansen’s web terminal and its mobile app, Nansen AI, allowing users to identify opportunities, manage portfolios and place trades without leaving the platform.
Alex Svanevik, co-founder and CEO of Nansen, said the move closes a long-standing gap between insight and action. He notes that while Nansen has historically excelled at surfacing high-quality onchain signals, the new functionality allows users to execute trades through both a conversational, AI-native mobile experience and a traditional web-based trading terminal.
Built on 500M+ Labeled Wallets
At the core of the product is Nansen’s proprietary dataset of more than 500 million labeled wallet addresses, which the company uses to track onchain behavior, identify trends and generate trading signals. This data foundation powers what Nansen refers to as “vibe trading,” an intuitive workflow where users progress naturally from analysis to execution.
Through the mobile app, users can initiate trades by asking questions directly to the AI agent, which interprets live onchain data and provides data-backed suggestions. Nansen stressed that while the AI guides decision-making, users retain full control over execution.
Purpose-Built AI for Onchain Markets
Unlike general-purpose AI models, Nansen AI has been trained and evaluated specifically on onchain data. According to the company, this specialization allows it to outperform broader AI tools on benchmarks focused on blockchain analysis and trading use cases, producing insights that are directly actionable rather than purely descriptive.
The system is designed to operate transparently, relying exclusively on verifiable blockchain data and functioning within user-defined parameters.
Partnerships Allow Cross-Chain Execution
To support execution across multiple networks, Nansen has partnered with Jupiter, OKX, and LI.FI. Wallet infrastructure is provided through an embedded Nansen Wallet powered by Privy, enabling a self-custodied experience across mobile and web.
Henri Stern, co-founder and CEO of Privy, said the integration allows intelligent, immediate trading while preserving user custody. Trading is available now for eligible users, with access restricted in certain jurisdictions including Singapore, Russia, Iran, and others.
Prop trading relies on opaque risk engines that traders cannot verify.
This creates structural incentives for payout denial and abuse.
Carrotfunding introduces parallel verification with Oasis ROFL to audit AWS-based execution.
The result is a hybrid architecture that brings verifiable compute, privacy, and trustless settlement to prop trading.
Introduction
Decentralized trading is one of the most popular applications of cryptocurrency technology. Have we become stagnant in our approach? For example, proprietary (prop) trading, despite being a $60 billion industry, faces a verification crisis common in the modern financial landscape.
Aspiring traders seek capital from centralized institutions. However, an opaque “black box” operational model widens the gap between the industry’s assurances that skill earns reward of capital and the reality where proving performance and worthiness is erratic and arbitrary.
The web2 paradigm adjudicates trader performance and rewards on private servers that are not auditable. Moreover, the evaluating firms profit more when traders fail, as it means there is less capital disbursement.
Decentralized finance (DeFi) has blockchain’s built-in transparency to solve the blind spots of the traditional web2 approach. However, adoption has been low over the years because on-chain trading has failed to match the speed and complex solutions that traditional institutional finance (TradFi) offers.
In this post, I will refer to the Carrotfunding case study to examine how it can serve as an example of an emergent trustless market infrastructure. I will first demonstrate the gaps in the incumbent systems, and then show how a framework like Oasis ROFL can elevate the process by bringing decentralization, verifiability, and privacy to the table.
Black Box Evaluation Engine
The evaluation engine is the backbone of any prop trading firm. This software logic monitors trader activity, calculates real-time equity, enforces parameters and limitation criteria, and, finally, approves or denies payout requests. Private cloud infrastructure, like AWS, Azure, etc hosts such a risk engine with its access and management entirely in the firm’s discretion.
Sounds simple and is “trusted”, right? But the traders can never verify the validity of the metrics on which they are observed and evaluated. Let’s now take a look at how ambiguity in rules and retroactively applied rules can result in most payout denials.
Consistency Rule Exploitation
A common practice among firms is that a trader’s most profitable day cannot exceed a certain percentage of their total profit. This creates an untenable bind for traders when centralized databases can arbitrarily change risk parameters and payout criteria without explicitly detailing them beforehand.
B-Book Model
A-Book is when the broker passes a trade to the market involving live liquidity providers and earns a commission.
B-Book is when the broker keeps the trade internal, where the firm acts as the counterparty to every trade. The broker here keeps the deposit if the trader loses money, and pays out of pocket if the trader wins.
The B-Book model creates an incentive system where a profitable trader becomes a liability. So, the incentive is on the firm to disqualify traders and disadvantage them, and without a verifiable infrastructure, regulators cannot do much.
Liquidity Illusion in Tokenization
Blockchain technology’s initial solution of tokenizing trader performances is more theoretical than practical. Tokenization of trading activities can lead to an illusion of liquidity unsupported by reality. So, tokenization that lacks a robust legal and technical framework can result in zombie assets — tokens exist on-chain, but there is no genuine liquidity market or a reliable mechanism for value accrual.
Carrotfunding Case Study: Architecture and Implementation
Carrotfunding, even before integrating Oasis ROFL, had already implemented web3 solutions for its prop trading venture. Its on-chain liquidity adopts the Arbitrum’s gTrade solution for trade execution, while utilizing Rethink Finance for on-chain investment vehicles with gamification mechanics and vault transparency for capital safety.
This takes care of the execution layer and the capital layer, but what happens to the verifiable compute and security layer? This is the domain of Oasis ROFL, and deserves a closer look.
Parallel Verification Model (Phase 1)
In this phase, Carrotfunding continues to use AWS infrastructure for its platform and strengthens it with parallel verification with an ROFL-based auditor. The workflow unfolds in five stages.
A trader executes a trade on the gTrade platform via the Carrotfunding interface.
This bifurcates into two distinct paths: (a) Legacy: The trade data goes to Carrot’s AWS execution engine. (b) ROFL: The data simultaneously goes to the ROFL node network.
The computation takes place independently. (a) AWS calculates the impact on the trader’s account, for example, the trader’s daily profit and loss statement. (b) ROFL, running inside a trusted execution environment (TEE), performs the same evaluation using the same code logic.
ROFL provides attestation and verifiability through comparison. This is based on the cryptographic proof generated from its calculation and submitted on-chain, where both the AWS and the ROFL results are matched.
The finality of the process is provided by ROFL. If the two results match, no problem. If they differ, then ROFL’s result, having cryptographically verifiable proof, is accepted over the AWS result, which might be potentially compromised or based on an erroneous database.
The “Trustless AWS” Paradigm
We can call this architecture “Trustless AWS”. ROFL, often described as a decentralized TEE cloud, enables the best of both worlds in terms of developer experience — the benefits of a centralized cloud, involving deployment of Docker containers and running complex logic, while also having the advantages of the security properties of a blockchain.
A comparison of the computational models will clarify further.
Proxy-Based Frontend Hosting
Carrotfunding utilizes the ROFL primitive called proxy-based frontend hosting. Typically, a decentralized application (dApp)’s smart contract logic is on-chain, but the website, which is the frontend, is still hosted in a centralized cloud provider, for example, AWS. So, if the cloud server goes down, the UI is also down.
With ROFL, Carrotfunding can host the frontend inside the TEE. As a result, the node can automatically provision TLS certificates using a built-in ACME client inside the secure enclave. There is also end-to-end security as a user’s connection via SSL terminates only inside the TEE. This protects user privacy, shielding IP addresses and login patterns from the node operator and infrastructure provider.
Secret Management and Proprietary IP
For any prop trading firm, keeping its internal risk algorithms secret is how it stays competitive. Full transparency of blockchain technology is counterproductive in this regard. The smart privacy feature of Oasis technology ensures that both transparency and confidentiality can co-exist.
So, with the code running inside the TEE, Carrotfunding can keep its algorithms private. Here, the hash of the code is accessible publicly for verification, but the source code remains encrypted, out of public viewing scope, and unrevealed to the node operator.
Security: Threat Model and Defense
Integrating TEE often opens up the question of security, as the SGX/TDX technology can succumb to various vulnerabilities.
Side-Channel Attacks: This is mitigated in two ways. The ROFL framework ensures that the latest microcode patches from Intel are used. So, any node that is found without a TEE trusted computing base (TCB) update is rejected by Oasis’s confidential runtime on-chain logic, Sapphire’s registry. Also, using “data-oblivious” code helps block pattern analysis of memory access.
Oracle Manipulation: This is mitigated by simultaneous TLS connections to multiple independent data providers for the price feed, computed inside the enclave for the median price, used to evaluate instead of relying entirely on a single on-chain oracle update.
Key Leakage: This is mitigated by a decentralized key management system where the master key is sharded across multiple nodes. So no single node ever possesses the full key. Also, ROFL enables ephemeral keys so that they exist only in volatile memory and will be wiped and lost whenever the enclave restarts or if any tampering is ever attempted.
In addition, the adoption of consensus as a verifier by a Byzantine Fault Tolerance (BFT) network like Oasis ensures that all potential gaps in remote attestations of the TEEs are addressed.
The Verifiability X-factor
This is crucial in understanding the role Oasis ROFL plays in upgrading the risk engine of Carrotfunding from what traditional models can provide. Any user can, therefore, audit the system by using the command:
oasis rofl build -verify
Reproducible builds allow users to download the source code, compile it locally using the deterministic build environment provided by Oasis, and obtain the MRENCLAVE hash.
Users can then query the Sapphire runtime for an on-chain check if their generated hash matches the one registered by active nodes. If yes, it is the immutable proof that the code on GitHub is the code running on the server.
From Prop Trading to Autonomous Agents (Phase 2)
Integrating Oasis ROFL to verify the AWS risk engine by Carrotfunding is just the stepping stone to a paradigm shift in prop trading. It aims to evolve into a self-sustaining infrastructure that can ultimately replace the AWS system altogether.
This full decentralization mode becomes viable only after there is sufficient stability and enough node operators in place to guarantee 99.99% uptime. With the transition to a ROFL-first architecture, the Carrotfunding platform can then use only ROFL nodes to authorize Rethink Finance’s capital layer for fund release.
The evolution of the platform’s architecture and functionality into autonomous trading agents is also part of the future roadmap. This envisions a marketplace for verifiable intelligence, where the AI agents compete for capital in a trustless environment, protected by the privacy guarantees of Oasis and the settlement assurances of Arbitrum.
Decentralized Identity (DID) is another key area to explore since ROFL can process sensitive personal data (KYC documents) inside the enclave to verify a trader’s identity and reputation score.
Conclusion
The study suggests that DeFi can hold its own against TradFi, which had a historical monopoly in the prop trading market. Now, there is a live example of how the limitations of web2 finance, where asset management meant opaque computation logic, can be improved with web3’s verification layer to prove the process.
By removing trust assumptions and plugging the trust gap, Carrotfunding has engineered a system that aligns the incentives of traders, capital providers, and the platform itself. We now await the full decentralization and agentic future for on-chain prop trading, redefining the standards of transparency, security, and efficiency for the next-gen trustless digital asset market.
Bermuda is moving to place blockchain infrastructure at the center of its national economy, unveiling plans to build what officials describe as a “fully on-chain” financial system through partnerships with cryptocurrency exchange Coinbase and stablecoin issuer Circle.
It was unveiled on Monday at the World Economic Forum Annual Meeting in Davos, when executives of both companies announced a model, with Bermuda Premier David Burt attending to detail a model that would integrate digital assets into daily payments, financial services, and governmental functions.
We’re bringing an entire country onchain.
Bermuda is building the world’s first fully onchain national economy, with support from Coinbase and @Circle. pic.twitter.com/fFL1foSFHu
In the case of Bermuda, which is a small island economy comprising about 65,000 residents, the push is a long-standing struggle with conventional financial rails.
Like most of the Caribbean jurisdictions, merchants and institutions are frequently charged high fees, have little access to onshore banking partners, and have slow settlement times as a result of de-risking by global banks.
The government reports that such frictions have been a burden on the competitiveness and margins, especially for small and medium-sized businesses.
The proposed on-chain framework is intended to bypass some of those constraints by relying on dollar-denominated stablecoins and blockchain-based settlement instead of correspondent banking networks.
Bermuda Pushes USDC Into Daily Commerce With Coinbase-Backed Pilot
Under the partnership, Bermuda will work with Circle’s USDC stablecoin and Coinbase’s Base infrastructure to pilot stablecoin-based payments across government agencies, financial institutions, and local businesses.
The first phase will focus on payments, tokenization tools for financial institutions, and nationwide digital literacy programs designed to help residents understand and safely use digital finance products.
Burt said the goal is to create opportunity and ensure Bermudians benefit directly from changes in the global financial system.
The announcement builds on groundwork laid years earlier when Bermuda introduced the Digital Asset Business Act in 2018, overseen by the Bermuda Monetary Authority.
Since then, more than 40 digital asset firms have been licensed or admitted into regulatory sandboxes overseen by the Bermuda Monetary Authority.
Coinbase and Circle were among the earliest global firms approved under the regime, and Coinbase currently operates a derivatives platform from Bermuda for non-U.S. users.
Momentum picked up further in 2025 at the Bermuda Digital Finance Forum, where the government, Coinbase, and Circle tested real-world adoption through an on-chain USDC airdrop.
Attendees received 100 USDC, which could be spent with newly onboarded local merchants.
The government noted that the experiment led to more Bermudian businesses accepting digital payments and deeper engagement from local financial institutions.
Officials say those efforts will expand at the Bermuda Digital Finance Forum 2026, scheduled for May, with broader business participation and a larger consumer stimulus component.
Bermuda Frames USDC as a Commerce Upgrade
USDC is a fundamental component of the strategy, as it is fully pegged to dollar-based reserves, and merchants can take payments through fast and low-cost methods without the risk of changes in the prices of cryptocurrencies such as Bitcoin.
Some Bermudian companies are already paying in USDC, and the government believes it is a means to have the modernized deal and remain tied to the U.S. dollar.
The project will be voluntary, and no resident or business is obliged to use on-chain tools, and the collaboration with Coinbase and Circle is not exclusive.
Instead, the strategy is framed as an incremental transition, with education programs and incentives designed to encourage uptake over time.
Officials see on-chain infrastructure as a way to strengthen that position while opening access to global capital markets for local firms.
In the country, there is no income or capital gains tax on digital assets, and the government has taken a compliance-first approach that emphasizes licensing, audits, and reserve requirements for stablecoin issuers.
As the price of Ethereum slowly picks up pace following a brief rebound, a significant portion of the leading altcoin is currently being locked away in staking activity. Many institutions, such as Bitmine Immersion, have ventured into ETH staking, demonstrating the growing faith and interest in the investment method.
Bitmine’s Ethereum Staking Gets A Boost
In the burgeoning cryptocurrency market, Bitmine Immersion, a leading public company, continues to make decisive steps into the growing Ethereum ecosystem. Bitmine Immersion’s step into the ecosystem is evidenced by the company’s rising participation in ETH staking.
The public firm keeps extending its staking operations and reinforcing its commitment to on-chain yield generation following its latest move. This move was reported by Lookonchain, a popular on-chain data analytics platform, in a recent post on the X platform. Furthermore, the move coincides with staking’s continued development from a specialized tactic to a fundamental element of institutional cryptocurrency involvement, providing both recurrent benefits and a closer alignment with network security.
As seen in the report, the firm, led by industry leader and billionaire Tom Lee, has staked another 154,208 ETH valued at a staggering $478.77 million. Interestingly, the massive ETH staking was carried out within a 6-hour time frame, reflecting the firm’s robust conviction in the altcoin’s long-term prospects.
After the latest staking operation, the company has now staked a total of 1.344,224 ETH worth approximately $4.17 billion. By increasing its ETH stake, Bitmine Immersion is demonstrating its interest in Ethereum, from scaling upgrades to the ongoing expansion of DeFi and tokenized assets.
SharpLink Deepens Exposure With Expanded Staking Efforts
Another company making waves in the Ethereum staking is SharpLink Gaming, a move that was initiated alongside the launch of its ETH treasury since June 2. According to a report from the firm’s official page on X, they recently generated over 500 ETH in staking rewards last week.
SharpLink ETH staking rewards underscore its expanded participation in on-chain yield and increasing interest in the altcoin and its ecosystem. This growth highlights a larger trend as more businesses are moving from passive holding to active network participation, making Ethereum staking a key component of their business strategy.
With this additional ETH, SharpLink’s total cumulative staking rewards are now sitting at 11,157 ETH since it was launched. By dedicating more of its ETH holdings to validators, the firm is indirectly contributing to Ethereum’s security and decentralization while reaping the benefits of a constant flow of rewards.
Prior to the development, SharpLink deployed $170 million in ETH with a first-of-its-kind enhanced yield on Linea. Specifically, this move integrates native ETH yield, restaking rewards from Eigencloud, and direct incentives from Linea and Etherfi within an institutional-grade qualified custodian with the help of Anchorage. SharpLink has declared this the most productive way to hold ETH with institutional-grade infrastructure.
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