# Safenet Beta Launch

> A transaction security network designed to protect Safe account activity by enforcing security checks.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-04-03
**Categories:** news, 2026, march2026
**URL:** https://ethdaily.io/917

## Content

Quick TakeSafe launches Safenet Beta.x402 Foundation under Linux.OpenCover Covered Vaults.Circle announces cirBTC.Safenet Beta LaunchListen to this episode from Ethereum News on Spotify. Safe launches Safenet Beta. x402 Foundation moves under the Linux Foundation. OpenCover introduces Covered Vaults. And Circle announces cirBTC. Read more: https://ethdaily.io/917 Sponsor: Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield.https://spotify.comSponsored byLido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield. Two vaults, daily rewards, automatic compounding, and first-loss protection. Get started on stake.lido.fi/earnSafenet Beta LaunchSafe launched Safenet Beta, a decentralized transaction security network designed to protect Safe account activity by enforcing security checks before transactions are executed. Safenet works through a network of validators that evaluate proposed transactions against predefined security rules. If a transaction passes, validators issue onchain attestations, which are verified before execution. Transactions that fail the checks are blocked unless users explicitly override them. The system replaces centralized warning tools with protocol-level security enforcement. The beta launch includes six initial validators, such as Gnosis, Safe Labs, and Blockchain Capital, along with features like basic attack protection, a staking interface, and a public attestation explorer. The launch also evolves the SAFE token into a network security asset, allowing validators and delegators to stake SAFE and earn rewards.x402 Foundation Moves Under LinuxCoinbase announced that the x402 Foundation, an initiative to establish the x402 protocol as a universal standard for AI-driven payments, is moving under the Linux Foundation. The shift is intended to ensure vendor-neutral, community-governed oversight of the protocol, with backing from major tech companies including Cloudflare and Stripe. The foundation, established in September 2025, supports x402, an open protocol launched in May 2025 that builds on the HTTP 402 “Payment Required” status code to enable a native payment layer for the web. It facilitates instant, primarily stablecoin-based transactions, along with deferred settlement capabilities.OpenCover Introduces Covered VaultsOpenCover introduced Covered Vaults, a new product for vault-native risk transfer, enabling insurance for vault deposits. It allows users to protect their positions against technical or economic risks by paying a flexible, usage-based premium, without committing to fixed terms. The solution is built on the underwriting infrastructure of Nexus Mutual. Covered Vaults integrates with DeFi protocols like Morpho and Kiln. Users who deposit into existing ERC-4626 vaults can stake their vault shares into Covered Vaults to activate protection. Coverage can be disabled at any time. Initial vaults will be available on Base and OP Mainnet.Circle Announces cirBTCCircle unveiled cirBTC, its own version of wrapped Bitcoin backed 1:1 by BTC. The token will initially launch on Ethereum and Circle’s Layer-1 blockchain Arc, with plans for multichain support in the future. Circle says cirBTC will be integrated with USDC and Circle Payments. The launch rivals with Coinbase, which introduced its wrapped Bitcoin, cbBTC, in 2024. Skepticism remains around centralized wrapped tokens due to potential censorship risks, as highlighted by USDC, which can be frozen at any time. Other NewsParagraph launches publish.newObol Q1 ecosystem reportVyper to be formally verifiedGeth Keeper performanceShape takes protocol guild pledgeIMF journal on tokenizationVitalik on self-sovereign LLM setupCoinbase conditional OCC charter approvalOpenCover covered vaultsVenice supports x402OpenAI acquires TBPNSomething NewThe ETH Daily archive can be purchased as a packaged ZIP file for 2 USDC. ETH Daily remains free on ethdaily.io; this is just a new experimental feature we're testing.Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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