News linked to both this project and an event.
Odaily Odaily News: Bitcoin Core developer Murch has proposed on the X platform to remove Luke Dashjr from the position of BIP editor. Murch stated that Luke Dashjr was involved in BIP-110 and accused him of inconsistently exercising editorial authority, including assigning a BIP number to the proposal ahead of schedule, as well as rapidly merging updates despite his limited contributions to BIP editor work in recent years. Murch also noted issues regarding "trust, communication, and coordination" between Luke Dashjr and other BIP editors, and argued that his support for controversial soft forks that could potentially evolve into hard forks represents a "complete departure from the Bitcoin development ecosystem."
Odaily News: Grayscale Head of Research Zach Pandl said that even if the Digital Asset Market Structure Clarity Act (CLARITY Act) is not passed, the operation of major blockchains, demand for Bitcoin as a store of value, and growth of stablecoin payments will not be immediately affected. Regulators will fill regulatory gaps through rulemaking. Zach Pandl noted that the lack of comprehensive market structure legislation could dampen new investment activity in the US, prompting crypto industry participants and startups to move to overseas jurisdictions with clearer regulatory frameworks. The US government will continue to support the development of the crypto ecosystem. Strategy co-founder and Executive Chairman Michael Saylor previously stated that regardless of whether the CLARITY Act is passed, Bitcoin will continue to develop, but the US needs regulatory clarity for digital assets. Senator Bernie Moreno said that Senate Democrats and Republicans have concluded related negotiations, and a vote will follow.
Michael Saylor, Executive Chairman of digital asset treasury company Strategy, posted a Bitcoin holding chart on X on August 9, with the caption "Doing Business." Strategy holds 842,138 Bitcoin on its books, valued at approximately $55 billion as of the morning of August 9. Since June 22, the company has disclosed four sales but no purchases. The Strategy chart shows its average Bitcoin cost basis is $75,653 per coin, with unrealized losses of approximately $9.051 billion. The Strategy dashboard shows that as of 10:06 that day, total reserves including $4 billion in cash stood at $5.889 billion, with the Bitcoin portion valued at approximately $54.9 billion and an average cost basis of $75,419 per coin. On August 3, Strategy filed a document with the U.S. Securities and Exchange Commission (SEC) disclosing the sale of 1,638 Bitcoin from July 27 to August 2, with a transaction amount of approximately $104.73 million and an average price of $63,957 per coin. The company also sold 2,225, 1,363, and 32 Bitcoin on July 6, June 30, and June 1, respectively, and repurchased 912,143 shares of STRC for $81.2 million.
Odaily News: Despite Michael Saylor posting Bitcoin Tracker updates weekly, Strategy has not purchased Bitcoin since June. (Bitcoin News)
Odaily News: Software company Strategy holds nearly 850,000 Bitcoin, valued at just over $50 billion, with some recent purchases funded through debt and stock issuance. Since Michael Saylor shifted the company toward Bitcoin accumulation in 2020, his wealth has fluctuated with Bitcoin's price. Michael Saylor stated that last year, with the aid of an AI chatbot, he earned $15 billion through the company's Bitcoin-backed preferred stock. Strategy's STRC offers an annual dividend yield of 12%, with its price recently recovering to near $100 after dipping to around $75 in late June. Over the past year, Strategy's common stock value has fallen by approximately 80% alongside Bitcoin's price decline. The company recently sold some of its Bitcoin holdings to manage debt and dividend commitments, and has built a $4 billion cash reserve, providing roughly two years of funding support before subsequent financing. Michael Saylor also mentioned that in May of last year, he used ChatGPT's deep research mode to design the company's convertible preferred stock product.
Odaily Odaily News Bitcoin News stated on the X platform that, aside from Roughnecks, PyBLOCK—one of the largest Bitcoin mining pools supporting BIP-110—has indicated that it has been advised to pause signaling for BIP-110 until further notice. PyBLOCK stated that it will continue mining "completely clean blocks with zero junk information," consistent with its practices prior to BIP-110. Roughnecks confirmed the suspension, saying, "Yes, temporarily paused. BIP-110 is not over, but mining under the current algorithm is mostly a waste. More updates will follow."
Odaily News BIP-110 has sparked community controversy over its attempt to restrict non-financial data storage on the Bitcoin blockchain. Supporters of this proposal plan to push for the rule change through a User-Activated Soft Fork (UASF), but current miner support is far from meeting the activation requirements. The market is watching whether this controversy will further escalate into a split within Bitcoin's network governance.Blockstream CEO Adam Back criticized the arguments of BIP-110 supporters in a post on the X platform, stating that the claim "Bitcoin supports spam data" is incorrect and noting that all Bitcoin participants dislike network spam. Adam Back pointed out that Bitcoin cannot achieve absolute censorship at the mathematical level, and the BIP-110 proposal itself has numerous flaws that prevent it from functioning effectively, which is why it has not gained network consensus. He emphasized that forcibly pushing rule changes without consensus could ultimately lead to a fork outcome similar to Bitcoin SV (BSV).
Bitcoin payment processing service BTCPay Server has temporarily restricted public remote connections to Lightning Network nodes running Lightning Network Daemon (LND) software. Attackers exploited a severe vulnerability to obtain credentials and transfer funds. The number of affected operators and the total amount stolen have not yet been disclosed. This restriction affects external wallets such as Zeus that connect via BTCPay Server domains or Tor onion addresses in Docker deployments, but Lightning Network payments can still continue. BTCPay Server stated that remote access functionality will be restored once security is confirmed. BTCPay Server 2.4.2 will install LND 0.21.1 and automatically regenerate macaroon credentials during standard installation. Foundation and Citadel21 have respectively disclosed that funds from their Lightning Network nodes were swept. Foundation stated that hot wallets were not affected, and the specific amounts of losses have not been disclosed.
The Bitcoin fork chain supporting BIP-110, after triggering at block height 961,632, produced only 2 blocks in approximately 8 hours since launch, indicating significantly insufficient hashrate support, and the fork is nearing failure. Currently, this branch remains at height 961,633, while the Bitcoin main chain has advanced to 961,681.
Odaily News: The Bitcoin minority fork chain created by BIP-110 supporters has produced only 2 blocks in approximately 8 hours and has essentially stalled; during the same period, the Bitcoin main chain has advanced 48 blocks. The proposal aims to temporarily prohibit the storage of non-financial data such as images and text in Bitcoin transactions. Supporters believe this move can reduce congestion and costs, while critics argue it restricts users' freedom to utilize block space they have already paid for. The fork chain has recently received only 2.53% mining support, and its block production speed is extremely slow, making it difficult to meet the threshold before the signaling deadline. Additionally, if users sell the fork coins while spending their main chain Bitcoin, they may face risks similar to replay attacks.
Odaily News Bitcoin nodes running BIP-110 rules have begun enforcing mandatory signaling mechanisms at block height 961,632. Latest data shows that BIP-110 miner signaling support fluctuates between just 0.3% and 2.6%, with no major mining pool publicly supporting the proposal. Nodes enabling BIP-110 enforcement rules are mainly operated by users running Bitcoin Knots software. These nodes subsequently reject blocks that do not emit signals, effectively isolating themselves from the Bitcoin main network.It is reported that the BIP-110 signaling period will continue until Bitcoin block height 965,664, expected to conclude in approximately four weeks. At that point, the community will face the critical decision of whether to activate the proposal. If the 55% miner support threshold is reached during the signaling period, BIP-110's data limit rules will take effect at block height 965,664 and remain active for approximately one year, covering around 52,416 blocks.Analysts point out that unlike the 2017 Bitcoin Cash fork, the BIP-110 split lacks substantial miner support and exchange infrastructure. If the number of nodes and hash power separating from the main chain proves insufficient, the forked chain could face severe block production speed issues. Since Bitcoin's difficulty adjustment mechanism relies on stable hash power, when a minority chain loses adequate miner support, block generation times could extend from the target 10 minutes to several hours or even days.For Bitcoin Knots node operators who have already enabled BIP-110 rules, the current practical impact is that their nodes can no longer stay synchronized with the Bitcoin main network. Going forward, they will need to either disable the enforcement rules and resynchronize with the main chain, or continue running this independent network that lacks widespread support. (Cryptobriefing)
According to CoinDesk, the controversial BIP-110 soft fork proposal initiated the signaling window at Bitcoin block height 961,632 at approximately 3:35 AM Beijing Time early this Sunday morning (UTC 19:35), officially entering the mandatory signaling phase. The proposal aims to temporarily restrict non-financial data from being written to the Bitcoin blockchain, but currently the miner support rate is extremely low, with the proportion of supporting miners far below the 55% activation threshold required by the proposal.
硬件钱包厂商 Ledger 就 BIP-110 分叉发布安全提醒称，BIP-110 是一项未内置重放保护（replay protection）的比特币软分叉方案，如果形成独立链，BTC 持有者可能在新链获得相同数量的对应资产，但两条链初期可能接受相同签名交易。 用户若尝试转移或出售 BIP-110 链上的资产，相关交易可能被“重放”至比特币主链，导致对应 BTC 同时被转出。
Odaily News: The Bitcoin network has experienced a fork due to the BIP-110 proposal. Nodes supporting the proposal rejected blocks at height 961,632 that did not contain a signal of support. As of now, the Bitcoin main chain has advanced to block 961,651, while the BIP-110 fork chain has only reached block 961,633, trailing the main chain by 18 blocks.BIP-110 is a one-year rule adjustment aimed at limiting non-financial data writes in Bitcoin transactions, including uses such as Ordinals inscriptions. The proposal requires that within a roughly two-week period of 2,016 blocks, at least 1,109 blocks (55%) signal support to activate, but the previous period only saw support from 51 blocks, accounting for 2.53%.Currently, the BIP-110 chain still needs more miner support to continue advancing. According to the rules, the chain must reach block 963,648 to lock in the rules, and will begin formally enforcing the restrictions at block 965,664, lasting approximately one year. (The Block)
Bitcoin Improvement Proposal BIP-110 entered the forced signaling phase at block 961,632, with miner support at only 2.53%, far below the 55% early activation threshold, resulting in a brief fork between enforcing nodes and the main chain.
: Bitcoin News posted on the X platform stating that Foundation has released KeyOS 1.3.1 for Passport Prime, adding a mnemonic generation feature. Users can input the first 11 or 23 words of a BIP39 mnemonic, and the device will generate a valid final word that meets checksum requirements. Users can manually generate mnemonics by rolling dice, flipping coins, or other methods, and complete mnemonic generation directly on the Passport Prime without the need for external tools. Foundation stated that AI security reviews conducted using Claude Fable Max and ChatGPT 5.6 Sol Extra High found no serious security issues.
Odaily News, ECX developer Paul Sztorc has announced that the ECX hard fork will be rolled out in three phases, rather than the originally planned single release on August 23. ECX is a new blockchain that replicates the complete transaction history of Bitcoin at specified block heights. Nearly all Bitcoin holders, except for those holding a portion of Satoshi Nakamoto's Bitcoins, will receive an equivalent amount of ECX, while the Bitcoin network itself remains unchanged. The first Alpha version will be activated on August 23 at block height 963,648, the Beta version will go live on September 20 at block height 967,680, and the permanent full version is scheduled for release on October 31 at block height 973,728. Tokens collected during the Alpha and Beta phases can be burned and exchanged for official ECX once the permanent chain goes live. ECX's replay protection remains an optional mechanism. The official wallet will enable this protection and remind users before executing transactions. Paul Sztorc stated that if users ignore the reminders, ECX will replay their Bitcoin transactions, causing the associated Bitcoins to be transferred out along with the user's actions and moved to new holders. October 31 also marks the 18th anniversary of Satoshi Nakamoto publishing the Bitcoin whitepaper.
Odaily News: Bitcoin added 2.27 million new wallets this week, with active wallet count reaching 751,000, marking the highest on-chain activity in months. On July 31, active addresses briefly approached 978,000—approximately 1.6 times the July daily average—while the first week of August averaged around 751,000 daily, up from July's average of roughly 610,000. Daily average exchange inflows stood at approximately $1.55 billion, down from July's $1.67 billion, with fund movements not accompanied by significant exchange buying activity. This surge in activity is linked to a firmware vulnerability in Coldcard devices from hardware wallet manufacturer Coinkite. The vulnerability affects certain Mk3, Mk4, Mk5, and Q models, where seed generation utilizes a software random number generator, reducing the actual randomness of some devices to approximately 40 or 72 bits. Since July 30, related bitcoin losses have exceeded $116 million. Holders of affected devices have transferred funds to new addresses and replaced them with unaffected hardware devices. Coinkite has released firmware patches and entropy remediation disclosure documents. This vulnerability stems from a random number generation issue in device firmware, not a flaw in the Bitcoin protocol layer.
: Lorenzo stated on the X platform that Fractal is expected to permanently burn a total of 4,101,541 FB during its first halving around September 9, including remaining rewards from FIP-101, undistributed rewards from public testing, and ecosystem allocations from the second year. Fractal will release the FIP-102 proposal draft tomorrow, which plans to reallocate 50% of the token issuance after the halving to support native FB issuance on the Bitcoin mainnet, reducing Fractal block rewards to 6.25 FB without increasing the total supply; FIP-103 will define the specific distribution mechanism. UniSat plans to purchase $200,000 worth of FB from the open market each month for five consecutive months after the halving, totaling $1 million, as a long-term strategic reserve, with on-chain locking for at least five years.
: Bitcoin News posted on the X platform stating that Senate Majority Leader John Thune has filed a cloture motion on the motion to proceed with consideration of the CLARITY Act. This procedural step is used to end prolonged debate and push the Senate toward a vote in September on whether to formally begin considering the bill. This does not mean the CLARITY Act has passed. A cloture motion typically requires 60 votes to succeed; if the motion passes, the Senate can move forward with debate and consideration of the bill.