Vitalik: Prediction Markets Help Us Understand the World and the Near Future

On March 6th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that the largest Bitcoin (BTC) long position on Hyperliquid was just $729 away from its liquidation price. The position holds 731.73 BTC, uses 40x leverage, has a value of $52 million, entered at $71,441, and carries a liquidation price of $70,200.

March 6: Ethereum founder Vitalik said it’s good for the Ethereum community to adopt a bolder, more open mindset—especially around the application layer and how we see our place in the world. We shouldn’t compromise on core attributes: censorship resistance, openness, privacy, and security (CROPS). Specifically for the application layer and Ethereum’s interface with the outside world, we need to fully rethink concepts and step outside our comfort zones. Last year, we started prioritizing privacy on par with other security types. This means a fundamental shift in the Ethereum application stack—since the entire stack hasn’t been built around privacy so far. Great, let’s build a totally different Ethereum application stack. An example this year: rethinking the role of L2s from scratch, and which L2 types can truly deliver the biggest synergies and benefits with Ethereum. This includes cultural factors too—for me and others, this is a key part of the “milady” concept. Write down your

Bitcoin mining firm CleanSpark on March 6 released its February operational update, reporting a monthly output of 568 bitcoins and sales of 553—achieving a 97% sales ratio, a new monthly record high for the company. The sales generated approximately $36.65 million in cash, based on an average bitcoin price of $66,279. Proceeds from the sale will fund CleanSpark’s expansion into AI and high-performance computing (HPC) data centers. As of February 28, the company holds 13,363 bitcoins total, with 1,086 of those tied to collateral or receivables from derivative transactions. Its operating hash rate has reached 50 exahashes per second (EH/s), accounting for roughly 7% of the global total hash rate.

**March 6th: PsiQuantum Launches 1M-Qubit Fault-Tolerant Quantum Facility in Chicago** PsiQuantum has broken ground on a fault-tolerant quantum computer facility in Chicago, aiming for 1 million qubits using a photonic quantum computing approach. The project leverages mature semiconductor, fiber optic, and cooling technologies to enable scalability. Construction is progressing rapidly: 500 tons of steel framing were installed in just days. The first phase is expected to be partially completed around 2027, with full operation targeted for 2028. The facility’s computing power will match that of billions of traditional computers, primarily supporting next-generation AI supercomputing. Encryption experts are closely monitoring the facility’s potential to crack Bitcoin. PsiQuantum co-founder Terry Rudolph has explicitly stated the company has no plans to use quantum computing to target Bitcoin, noting its scale is far too large to carry out such covert actions. With quantum thre

March 6 — Per CloverPool data, the Bitcoin network completed its latest difficulty adjustment at block height 939,456 at approximately 1:28 a.m. UTC+8 today. The difficulty rose by 0.45% to 145.04T. The network’s current total hashrate stands at 1.02 ZH/s, with the next adjustment projected to occur in roughly 13 days and 20 hours.

**March 6th — Per DeBank data, investment firm ParaFi Capital has reportedly swapped ~$5.3 million worth of AAVE for SKY.** Details show that on March 3rd, ParaFi transferred 42,500 AAVE (valued at approximately $5.26 million) to Coinbase Prime. Then, on March 6th, the firm withdrew 7 million SKY (worth roughly $5.38 million) from the exchange. This asset shift came amid a governance dispute at Aave. The two transactions carried nearly matching values and occurred roughly three days apart.