Lookonchain APP

App Store

The deadline for Bitcoin data limit proposal BIP-110 is approaching, with miner support for the proposal remaining near zero.

2026.07.12 14:54:11

Bitcoin’s BIP-110 proposal is approaching its early August deadline, yet miner support for the measure remains below 1%, signaling significant resistance to the initiative. Officially titled “Temporary Soft Fork for Reducing Data”, BIP-110’s core controversy centers on restricting non-financial data on the Bitcoin blockchain. The proposal aims to cap OP_RETURN data capacity within a year, ban most arbitrary data exceeding 256 bytes from being written to the chain, and limit certain script formats primarily used for data storage. Supporters argue the plan would refocus the Bitcoin network on its payment function and reduce node operational burdens; opponents counter that it would escalate policy disputes over block space usage into consensus rule changes, effectively determining which transactions qualify as “acceptable”. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor remarked, “There are 110 things more dangerous than junk data”, adding that the proposal would “turn the junk data debate into a consensus change, invalidating some currently valid transactions that pay fees”. Back stated that if supporters cannot accept the status quo, they may choose to fork, but “Bitcoin will not join”. Data shows BIP-110 uses a user-activated soft fork mechanism with a 55% miner signaling threshold, though miner signaling rates have never topped roughly 1% to date, with the current cycle sitting at 0 and no major mining pools backing the measure. The share of nodes running BIP-110 software also remains in the single digits, primarily from Bitcoin Knots users. The proposal’s current signaling cycle will end around block height 959,615, with a voluntary lock-in period expected in early August and activation targeted for around September. If broad support is still absent by then, the initiative could result in a minority of nodes forming a separate chain.

Relevant content

US Senator Lummis: The CLARITY Act should be passed to grant stablecoin issuers legal protection to freeze funds involved in illegal activities.

U.S. Senator Cynthia Lummis has stated that the recent lawsuit against Tether over its freezing of $42.4 million in USDT underscores regulatory gaps in the crypto industry’s efforts to combat illicit financial activities. She noted that stablecoin issuers and trading platforms currently face the risk of civil lawsuits if they freeze assets suspected of being tied to illegal activity. Lummis explained that Section 305 of the Clear Digital Asset Market Structure Act would grant stablecoin issuers and trading platforms the necessary authority to promptly freeze stablecoins suspected of involvement in illicit activities, while protecting them from resulting civil liability. She argued that this provision would help the crypto industry more effectively stop illicit fund flows and resolve the legal risks that issuers and platforms currently encounter when implementing compliance measures.

1 seconds ago

Coinbase partners with Moov to provide stablecoin infrastructure to over 1,000 community banks.

Coinbase has announced a partnership with fintech firm Moov to deliver stablecoin infrastructure for small and community banks, enabling over 1,000 banks to receive, settle, and execute real-time stablecoin fund transfers via their existing technology systems. The company stated that the collaboration aims to allow banks to integrate stablecoin-related services on top of their current tech architecture, noting that this reflects the development direction of regulated stablecoin infrastructure.

1 seconds ago

US initial jobless claims for the week ended September 5 came in at 206,000.

US initial jobless claims for the week ending September 5 totaled 206,000, against a forecast of 205,000, while the prior week's reading was revised from 206,000 to 207,000. (Jinshi)

1 seconds ago

Spark will shut down the SparkLend lending protocol on Gnosis Chain on September 14.

According to official announcements, Spark will shut down its SparkLend lending protocol on Gnosis Chain on September 14. After the service termination, all outstanding loans may face liquidation, and users are advised to repay their debts and withdraw collateral before the deadline.

1 seconds ago

Tencent open-sources "Audio Version of Nano Banana": covers text modification and voice replacement, voice editing tools surge in rankings.

Beating AI Express: Tencent Hunyuan has open-sourced AuK, a 1.5-billion-parameter speech generation and editing model, which the official dubs the "audio version of Nano Banana". The model integrates functions including voice cloning, word editing, emotion switching, accent removal, speed and pitch adjustment, noise reduction, and multi-person/music separation, all controllable via natural language. AuK can directly modify existing recordings: it only adjusts incorrect words without re-recording the entire segment, alters emotion/timbre/accent while keeping content unchanged, edits lyrics, removes laughter/coughs, and converts normal speech to whispers. Notably, its voice cloning does not require a reference transcript—only a sample audio and new text are needed. In official tests, AuK leads in multiple speech generation and general speech editing benchmarks, scoring 49.73 on SpeechEditBench, while second-place Ming-UniAudio scores 28.70. The fast variant AuK-Flash, after distillation, needs just 4 inference steps and runs ~4.5x faster. However, the paper notes AuK cannot yet reliably understand all arbitrary natural language inputs, still relying on a Prompt Enhancer to identify tasks, organize parameters and rewrite instructions. Code and model weights are now public under the MIT license.

1 seconds ago

Moonshot AI (Kimi) considers dual listing on the Hong Kong Stock Exchange and the STAR Market.

Beating AI News Flash: Moonshot AI is considering a dual listing on the Hong Kong Stock Exchange (HKEX) and the Shanghai Stock Exchange’s STAR Market. The company has confidentially filed an IPO application with HKEX, and is now signaling to investors that it may list on the STAR Market after its Hong Kong debut. The STAR Market plan remains in the exploratory stage and has not been finalized by the firm. For its Hong Kong listing, Moonshot AI aims to raise around $30 billion, with a potential earliest launch in Q1 2027. The company is currently advancing its final pre-IPO financing round, with a valuation of approximately $50 billion. Moonshot AI’s consideration of a STAR Market listing is partly due to recent weak share performance of AI firms listed in Hong Kong, plus the large number of companies waiting to list on HKEX. A dual listing would add an extra financing channel and expand its investor reach. The STAR Market relaxed its fifth set of listing rules specifically for large language model (LLM) companies in June this year, allowing firms that have not yet achieved a certain revenue scale to apply. One key requirement is that the company must have at least one LLM product launched and realize large-scale commercial application.

1 seconds ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano