arXiv subjects

Yuexin Xiang

Publications and source records attributed to Yuexin Xiang.

8 recordsLinked to original sources

arXiv2026

SoK: Blockchain Agent-to-Agent Payments

Agentic AI rivals human capabilities across a wide range of domains. Looking ahead, it is foreseeable that AI agents will autonomously handle complex workflows and interactions. Early prototypes of this paradigm are emerging, e.g., OpenClaw and Moltbook, signaling a shift toward Agent-to-Agent (A2A) ecosystems. However, despite these promising blueprints, critical trust and security challenges remain, particularly in scenarios involving financial transactions. Ensuring secure and reliable payment mechanisms between unknown and untrusted agents is crucial to complete a fully functional and trustworthy A2A ecosystem. Although blockchain-based infrastructures provide a natural foundation for this setting, via programmable settlement, transparent accounting, and open interoperability, trust and security challenges have not yet been fully addressed. Hence, for the first time, we systematize blockchain-based A2A payments, e.g., X402, with a four-stage lifecycle: discovery, authorization, execution, and accounting. We categorize representative designs at each stage and identify key challenges, including weak intent binding, misuse under valid authorization, payment-service decoupling, and limited accountability. We highlight future directions for strengthening cross-stage consistency, enabling behavior-aware control, and supporting compositional payment workflows across agents and systems.

q-fin.GN↗

arXiv2026

Leveraging Large Language Models to Bridge Cross-Domain Transparency in Stablecoins

Stablecoins such as USDT and USDC aspire to peg stability by coupling issuance controls with reserve attestations. In practice, however, transparency remains fragmented across heterogeneous data sources, with key evidence about circulation, reserves, and disclosure dispersed across records that are difficult to connect and interpret jointly. We introduce a large language model (LLM)-based automated framework for bridging cross-domain transparency in stablecoins by aligning issuer disclosures with observable circulation evidence. First, we propose an integrative framework using LLMs to parse documents, extract salient financial indicators, and semantically align reported statements with corresponding market and issuance metrics. Second, we integrate multi-chain issuance records and disclosure documents within a model context protocol (MCP) framework that standardizes LLM access to both quantitative market data and qualitative disclosure narratives. This framework enables unified retrieval and contextual alignment across heterogeneous stablecoin information sources and facilitates consistent analysis. Third, we demonstrate the capability of LLMs to operate across heterogeneous data domains in blockchain analytics, quantifying discrepancies between reported and observed circulation and examining their implications for transparency and price dynamics. Our findings reveal systematic gaps between disclosed and verifiable data, showing that LLM-assisted analysis enhances cross-domain transparency and supports automated, data-driven auditing in decentralized finance (DeFi).

cs.CR↗

arXiv2026

Measuring Memecoin Fragility

Memecoins, emerging from internet culture and community-driven narratives, have rapidly evolved into a unique class of crypto assets. Unlike technology-driven cryptocurrencies, their market dynamics are primarily shaped by viral social media diffusion, celebrity influence, and speculative capital inflows. To capture the distinctive vulnerabilities of these ecosystems, we present the first Memecoin Ecosystem Fragility Framework (ME2F). ME2F formalizes memecoin risks in three dimensions: i) Volatility Dynamics Score capturing persistent and extreme price swings together with spillover from base chains; ii) Whale Dominance Score quantifying ownership concentration among top holders; and iii) Sentiment Amplification Score measuring the impact of attention-driven shocks on market stability. We apply ME2F to representative tokens (over 65% market share) and show that fragility is not evenly distributed across the ecosystem. Politically themed tokens such as TRUMP, MELANIA, and LIBRA concentrate the highest risks, combining volatility, ownership concentration, and sensitivity to sentiment shocks. Established memecoins such as DOGE, SHIB, and PEPE fall into an intermediate range. Benchmark tokens ETH and SOL remain consistently resilient due to deeper liquidity and institutional participation. Our findings provide the first ecosystem-level evidence of memecoin fragility and highlight governance implications for enhancing market resilience in the Web3 era.

cs.CR↗

arXiv2026

SoK: Stablecoins in Retail Payments

Stablecoins have emerged as a rapidly growing digital payment instrument, raising the question of whether blockchain-based settlement can function as a substitute for incumbent card networks in retail payments. This Systematization of Knowledge (SoK) provides a systematic comparison between stablecoin payment arrangements and card networks by situating both within a unified analytical framework. We first map their respective payment infrastructures, participant roles, and transaction lifecycles, highlighting fundamental differences in how authorization, settlement, and recourse are organized. Building on this mapping, we introduce the CLEAR framework, which evaluates retail payment systems across five dimensions: cost, legality, experience, architecture, and reach. Our analysis shows that stablecoins deliver efficient, continuous, and programmable settlement, often compressing rail-level merchant fees and enabling 24/7 value transfer. However, these advantages are accompanied by an inversion of the traditional pricing and risk-allocation structure. Card networks internalize consumer-side frictions through subsidies, standardized liability rules, and post-transaction recourse, thereby supporting mass-market adoption. Stablecoin arrangements, by contrast, externalize transaction fees, error prevention, and dispute resolution to users, intermediaries, and courts, resulting in weaker consumer protection, higher cognitive burden at the point of interaction, and fragmented acceptance. Accordingly, stablecoins exhibit a conditional comparative advantage in closed-loop environments, cross-border corridors, and high-friction payment contexts, but remain structurally disadvantaged as open-loop retail payment instruments.

q-fin.GN↗

arXiv2025

Large Language Models for Cryptocurrency Transaction Analysis: A Bitcoin Case Study

Cryptocurrencies are widely used, yet current methods for analyzing transactions often rely on opaque, black-box models. While these models may achieve high performance, their outputs are usually difficult to interpret and adapt, making it challenging to capture nuanced behavioral patterns. Large language models (LLMs) have the potential to address these gaps, but their capabilities in this area remain largely unexplored, particularly in cybercrime detection. In this paper, we test this hypothesis by applying LLMs to real-world cryptocurrency transaction graphs, with a focus on Bitcoin, one of the most studied and widely adopted blockchain networks. We introduce a three-tiered framework to assess LLM capabilities: foundational metrics, characteristic overview, and contextual interpretation. This includes a new, human-readable graph representation format, LLM4TG, and a connectivity-enhanced transaction graph sampling algorithm, CETraS. Together, they significantly reduce token requirements, transforming the analysis of multiple moderately large-scale transaction graphs with LLMs from nearly impossible to feasible under strict token limits. Experimental results demonstrate that LLMs have outstanding performance on foundational metrics and characteristic overview, where the accuracy of recognizing most basic information at the node level exceeds 98.50% and the proportion of obtaining meaningful characteristics reaches 95.00%. Regarding contextual interpretation, LLMs also demonstrate strong performance in classification tasks, even with very limited labeled data, where top-3 accuracy reaches 72.43% with explanations. While the explanations are not always fully accurate, they highlight the strong potential of LLMs in this domain. At the same time, several limitations persist, which we discuss along with directions for future research.

cs.CR↗

arXiv2022

Generating Image Adversarial Examples by Embedding Digital Watermarks

With the increasing attention to deep neural network (DNN) models, attacks are also upcoming for such models. For example, an attacker may carefully construct images in specific ways (also referred to as adversarial examples) aiming to mislead the DNN models to output incorrect classification results. Similarly, many efforts are proposed to detect and mitigate adversarial examples, usually for certain dedicated attacks. In this paper, we propose a novel digital watermark-based method to generate image adversarial examples to fool DNN models. Specifically, partial main features of the watermark image are embedded into the host image almost invisibly, aiming to tamper with and damage the recognition capabilities of the DNN models. We devise an efficient mechanism to select host images and watermark images and utilize the improved discrete wavelet transform (DWT) based Patchwork watermarking algorithm with a set of valid hyperparameters to embed digital watermarks from the watermark image dataset into original images for generating image adversarial examples. The experimental results illustrate that the attack success rate on common DNN models can reach an average of 95.47% on the CIFAR-10 dataset and the highest at 98.71%. Besides, our scheme is able to generate a large number of adversarial examples efficiently, concretely, an average of 1.17 seconds for completing the attacks on each image on the CIFAR-10 dataset. In addition, we design a baseline experiment using the watermark images generated by Gaussian noise as the watermark image dataset that also displays the effectiveness of our scheme. Similarly, we also propose the modified discrete cosine transform (DCT) based Patchwork watermarking algorithm. To ensure repeatability and reproducibility, the source code is available on GitHub.

cs.CV↗

arXiv2022

BABD: A Bitcoin Address Behavior Dataset for Pattern Analysis

Cryptocurrencies are no longer just the preferred option for cybercriminal activities on darknets, due to the increasing adoption in mainstream applications. This is partly due to the transparency associated with the underpinning ledgers, where any individual can access the record of a transaction record on the public ledger. In this paper, we build a dataset comprising Bitcoin transactions between 12 July 2019 and 26 May 2021. This dataset (hereafter referred to as BABD-13) contains 13 types of Bitcoin addresses, 5 categories of indicators with 148 features, and 544,462 labeled data, which is the largest labeled Bitcoin address behavior dataset publicly available to our knowledge. We then use our proposed dataset on common machine learning models, namely: k-nearest neighbors algorithm, decision tree, random forest, multilayer perceptron, and XGBoost. The results show that the accuracy rates of these machine learning models for the multi-classification task on our proposed dataset are between 93.24% and 97.13%. We also analyze the proposed features and their relationships from the experiments, and propose a k-hop subgraph generation algorithm to extract a k-hop subgraph from the entire Bitcoin transaction graph constructed by the directed heterogeneous multigraph starting from a specific Bitcoin address node (e.g., a known transaction associated with a criminal investigation). Besides, we initially analyze the behavior patterns of different types of Bitcoin addresses according to the extracted features.

cs.CR↗

arXiv2021

A Lightweight Privacy-Preserving Scheme Using Label-based Pixel Block Mixing for Image Classification in Deep Learning

To ensure the privacy of sensitive data used in the training of deep learning models, a number of privacy-preserving methods have been designed by the research community. However, existing schemes are generally designed to work with textual data, or are not efficient when a large number of images is used for training. Hence, in this paper we propose a lightweight and efficient approach to preserve image privacy while maintaining the availability of the training set. Specifically, we design the pixel block mixing algorithm for image classification privacy preservation in deep learning. To evaluate its utility, we use the mixed training set to train the ResNet50, VGG16, InceptionV3 and DenseNet121 models on the WIKI dataset and the CNBC face dataset. Experimental findings on the testing set show that our scheme preserves image privacy while maintaining the availability of the training set in the deep learning models. Additionally, the experimental results demonstrate that we achieve good performance for the VGG16 model on the WIKI dataset and both ResNet50 and DenseNet121 on the CNBC dataset. The pixel block algorithm achieves fairly high efficiency in the mixing of the images, and it is computationally challenging for the attackers to restore the mixed training set to the original training set. Moreover, data augmentation can be applied to the mixed training set to improve the training's effectiveness.

cs.CV↗