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Ethereum plans to restructure its staking deposit contract to "update its security lock" for the post-quantum era.

60 minutes ago

An Ethereum developer has proposed a new Ethereum Improvement Proposal (EIP) draft that aims to restructure the existing validator deposit contract, paving the way for the Ethereum staking system to transition to post-quantum cryptography. The proposal plans to replace the contract’s fixed BLS key structure with support for variable-length keys and credential data, with a single entry capped at 8192 bytes, and requires each deposit to specify the "credential scheme" used. Currently, only Scheme 0 is defined, corresponding to the existing BLS signature system; future EIPs can further establish post-quantum validator key standards. The new contract will also introduce three states: "Disabled", "BLS Enabled", and "BLS Permanently Retired". Once a system call triggers the BLS Retired state, new validator staking using the existing BLS scheme will be permanently prohibited and cannot be reactivated. The proposal remains in draft stage and is pending review by EIP editors; the contract address, deployment code, and activation time have not been finalized, and its implementation will require coordinated upgrades between Ethereum’s consensus layer and execution layer. One of the proposal’s authors, Thomas Coratger, noted that post-quantum cryptography is not a straightforward software upgrade. Current Ethereum research prioritizes hash-based signature schemes, whose stateless version has a signature size of roughly 8KB—closely matching the new contract’s 8192-byte cap. The Ethereum Foundation previously established a post-quantum security team. Relevant research indicates that over 65% of ETH is currently held in addresses with on-chain-exposed public keys, and the potential threat of quantum computing to the existing elliptic curve signature system is increasingly becoming a long-term security concern for Ethereum.

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Fireblocks' custodial addresses transferred $66 million worth of crypto assets to Binance over the past week.

According to monitoring by Onchain Lens, Fireblocks’ custodial wallet has transferred a total of approximately $66 million in Trump family-backed stablecoin USD1 to Binance over the past week. The wallet deposited an additional $10 million USD1 to Binance just 13 minutes ago. On-chain data shows the address is 9Rycov3U4efJf5HiqZYGjN7qJJHEtMsj4vbmkG4xfCxk. Previously, the wallet had already sent $28 million USD1 to Binance in three separate transactions over the prior 21 hours, with amounts of $10 million, $15 million, and $3 million respectively.

8 minutes ago

Crude oil continues to rally, as Russia prepares to escalate its strikes against Ukraine, with Moscow deeming peace talks to have reached an impasse.

According to Bitget market data, international crude oil prices continue to rally, with Brent crude rising above $88 per barrel, up 2.57% on the day; WTI crude oil futures trade above $83 per barrel, gaining 2.33% intraday. On the news front, three sources close to the Kremlin revealed that Russia, after determining peace agreement negotiations have reached an impasse, is preparing to escalate military strikes against Ukraine. According to insiders, Russia is currently considering intensifying heavy conventional ballistic missile strikes on infrastructure targets in Kyiv and other Ukrainian cities. Insiders noted that all negotiation frameworks have effectively collapsed, and the two warring sides are back to square one. They also stated that Putin will not end the war due to economic pressure from sanctions or Ukraine’s attacks on Russian refineries and logistics networks. Insiders disclosed that Moscow increasingly views Ukraine’s airstrikes as attacks by NATO countries, given that NATO member states are supplying weapons and intelligence to Kyiv. Sources said the current phase of hostilities has not yet reached the peak of military escalation.

8 minutes ago

Nvidia fell 1.35% intraday as markets await the company's earnings report.

According to BIT (bit.com) market data, today’s three major U.S. stock indexes opened slightly lower. Nvidia traded down 1.35% intraday, with its market capitalization standing at $5.09 trillion at press time. Market focus is on the chipmaker’s upcoming earnings report, as investors await its performance and latest guidance on AI demand to assess whether the previously pressured AI trade can regain momentum. Analysts project Nvidia’s last-quarter revenue to nearly double year-over-year, with broad market consensus forecasting continued strong earnings growth. However, a key market concern lingers over whether Nvidia’s massive AI capital investments will translate into corresponding returns. The stock had fallen for seven consecutive trading days before bouncing back on Tuesday, as investors positioned themselves in advance for the earnings release. Beyond Nvidia’s results, the market will also watch Federal Reserve Chair Walsh’s first major speech at the Jackson Hole Symposium this Friday, seeking clues about future interest rate trajectories. In commodities, Brent crude’s weekly cumulative decline once widened to roughly 8%, but after U.S. EIA data showed last week’s crude inventories rose by only 95,000 barrels—well below expectations—oil’s intraday losses narrowed sharply and turned positive.

8 minutes ago

Apple is set to hold a foldable iPhone launch event on September 9, kicking off the Ternus era.

Apple will host its largest product launch event of the year on September 9, marking the official start of new CEO John Ternus’s tenure. The event’s slogan is "Surprise and shine". The tech giant is set to unveil multiple new products, including its first foldable iPhone, as well as the iPhone 18 Pro and Pro Max, which will come with faster chips and longer-lasting battery life. This launch will be the first major product event led by Ternus, though it will not feature the second-generation iPhone Air or the standard iPhone 18 — the latter is scheduled to launch next spring.

8 minutes ago

US crypto-related stocks fell across the board, with ABTC down 8.66%.

According to market data from BIT (bit.com), U.S. crypto-related concept stocks fell broadly, with declines as follows: MSTR down 3.52%, COIN down 3.23%, CRCL down 3.53%, SBET down 1.44%, BMNR down 0.09%, PURR down 3.92%, and ABTC down 8.66%.

8 minutes ago

The US stock market's storage sector saw intraday gains widen, with Western Digital rising 3.45%.

According to market data from BIT (bit.com), the US storage sector’s intraday gains expanded, with individual stocks rising as follows: Western Digital (WDC) up 3.45%, Seagate Technology (STX) up 2.97%, SK Hynix (SKHY) up 0.51%, Micron Technology (MU) up 0.98%, SanDisk (SNDK) up 1.45%, and SK Hynix (SKHY) up 0.24%.

8 minutes ago

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