"
Then: "Agents aren't just talking to each other anymore — they're paying each other. The numbers are real: tens of millions of dollars moving across hundreds of millions of transactions, all on-chain. That's not a pilot program or a testnet. It's live activity, and it's growing." -> "Ejen bukan sahaja bercakap antara satu sama lain lagi — mereka saling membayar. Angkanya adalah nyata: puluhan juta dolar bergerak merentasi ratusan juta transaksi, semuanya di rantai. Itu bukan program perintis atau testnet. Ia adalah aktiviti langsung, dan ia semakin berkembang."
"on-chain" -> "di rantai" or "on-chain" might be kept? But we can say "dalam rantaian" but "on-chain" is common in crypto. We can keep as "on-chain" or translate to "di atas rantai" but better to keep as "on-chain" since it's technical. But requirement says "Use appropriate Malay terminology for crypto/tech terms" - we can use "on-chain" as is or "di rantaian" but I think "on-chain" is widely used. Let's use "on-chain" but in Malay context, we might say "di atas rantaian" but it's awkward. I'll use "on-chain" as is.
Next: "The volume alone tells you this isn't a sideshow. Hundreds of millions of transactions mean agents are handling everything from micro-payments to larger settlements. The infrastructure holding up under that load is what separates the leaders from the also-rans. And it's not just about throughput — it's about reliability, cost, and the ability to operate without human intervention. Agents need to sign transactions, manage keys, and settle in real time, and that's a different ballgame from a consumer wallet." -> "Jumlah itu sahaja memberitahu anda ini bukan persembahan sampingan. Ratusan juta transaksi bermakna ejen mengendalikan segala-galanya daripada pembayaran mikro kepada penyelesaian yang lebih besar. Infrastruktur yang menampung beban itu adalah yang memisahkan pemimpin daripada yang ketinggalan. Dan ia bukan hanya tentang daya pemprosesan — ia tentang kebolehpercayaan, kos, dan keupayaan untuk beroperasi tanpa campur tangan manusia. Ejen perlu menandatangani transaksi, mengurus kunci, dan menyelesaikan dalam masa nyata, dan itu adalah permainan yang berbeza daripada dompet pengguna."
We translated "also-rans" as "yang ketinggalan" (those left behind). "consumer wallet" -> "dompet pengguna".
Next: "
Why Coinbase built for machines
" -> "
Mengapa Coinbase membina untuk mesin
"
Then: "Coinbase designed its Agentic Wallets specifically for machines, not humans. That's a different set of requirements: automated key management, programmatic transaction signing, and the ability to operate without a human in the loop. Rivals have been slower to adapt their consumer wallets for agent use, and that's left the door open." -> "Coinbase mereka bentuk Dompet Agenticnya khusus untuk mesin, bukan manusia. Itu adalah set keperluan yang berbeza: pengurusan kunci automatik, penandatanganan transaksi secara programatik, dan keupayaan untuk beroperasi tanpa manusia dalam gelung. Pesaing lebih lambat untuk menyesuaikan dompet pengguna mereka untuk kegunaan ejen, dan itu membuka peluang."
"programmatic" -> "secara programatik" or "programatik" is fine.
Next: "The result is that Coinbase's wallet stack has become the default for many agent networks. It's not just about supporting the transactions — it's about making them reliable and cheap enough for agents to use at scale. The company's early focus on machine-first design has put it ahead of the competition in a market that didn't exist a year ago. That head start matters when you're building the plumbing for an entire economy of autonomous actors." -> "Hasilnya, timbunan dompet Coinbase telah menjadi lalai untuk banyak rangkaian ejen. Ia bukan hanya tentang menyokong transaksi — ia tentang menjadikannya boleh dipercayai dan murah cukup untuk ejen menggunakannya secara berskala. Tumpuan awal syarikat pada reka bentuk mesin-pertama telah meletakkannya di hadapan persaingan dalam pasaran yang tidak wujud setahun lalu. Permulaan awal itu penting apabila anda membina paip untuk keseluruhan ekonomi aktor autonomi."
"wallet stack" -> "timbunan dompet" (stack as in stack of technologies). "machine-first" -> "mesin-pertama". "plumbing" -> "paip" (pipes) but in context it means infrastructure, so maybe "infrastruktur" but we can use "paip" metaphorically. I'll use "infrastruktur" to be clear, but "paip" is fine. Actually "plumbing" is often translated as "paip" in technical context. Let's keep "paip".
Next: "
From theory to practice in a year
" -> "
Dari teori kepada amalan dalam setahun
"
Then: "Twelve months ago, the idea of agents paying each other was mostly a conversation topic. Today it's a live market with real settlement volume. The transition happened faster than most expected, and the companies that built for this scenario early are the ones cashing in." -> "Dua belas bulan lalu, idea ejen saling membayar kebanyakannya menjadi topik perbualan. Hari ini ia adalah pasaran langsung dengan jumlah penyelesaian sebenar. Peralihan berlaku lebih cepat daripada yang dijangkakan, dan syarikat yang membina untuk senario ini awal adalah yang meraih keuntungan."
"cashing in" -> "meraih keuntungan" (reaping profits).
Next: "Coinbase's early bet on machine-first wallets looks prescient now. But the race is far from over — competitors are building, and the infrastructure is still evolving. The next few quarters will show whether Coinbase can hold its lead or whether a rival's wallet will catch up. For now, the agents have a payment rail that works, and that's more than anyone could say a year ago." -> "Taruhan awal Coinbase pada dompet mesin-pertama kelihatan berpandangan jauh sekarang. Tetapi perlumbaan masih jauh dari selesai — pesaing sedang
