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Project Overview
Powered by a new consensus mechanism, Satoshi Plus, Core is a Turing-complete blockchain that leverages the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). Satoshi Plus applies a protocol-driven validator election mechanism to combine the best features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to maximize security, scalability, and decentralization.
Dune: Lays Off 25% to Optimize AI Efficiency and Restructure Core Business
Dune co-founder and CEO Fredrik Haga stated that Dune is laying off 25% of its staff this week as part of a restructuring aimed at further concentrating efforts on developing the industry's core data products.Haga noted that the company is increasing investment in AI-driven tools, using Dune MCP to enable teams and agents to build dashboards and workflows without requiring knowledge of SQL or data infrastructure. Additionally, as assets like currencies, stocks, and bonds accelerate their migration on-chain, the company is heavily investing in the data layer and providing services to institutions. Dune currently has ample financial reserves, having completed a $69.42 million Series B funding round led by Coatue in 2022. (theblock)
Bernstein Reiterates Figure Price Target of $67: Sees 72% Upside Driven by Tokenization
Bernstein has reiterated its "Outperform" rating on Figure Technology Solutions (FIGR) and maintained a price target of $67, implying approximately 72% upside from the current share price of $38.97.Figure posted strong Q1 2026 results: loan origination volume reached $2.9 billion, up 113% year-over-year; adjusted revenue was $167 million, surpassing market expectations by 6% and up 92% year-over-year; adjusted EBITDA was $82.7 million, with a margin of approximately 50%, slightly above market consensus. However, GAAP diluted EPS was $0.18, missing expectations by about 9%, primarily impacted by $26 million in stock-based compensation expenses.Bernstein analysts believe this performance should reshape market perception of Figure, viewing it not as a traditional credit company, but as a "tokenization-driven capital markets platform." Core profitability stems from network fees and operational leverage from scaling, and the valuation framework remains based on 25x 2027 EBITDA. Additionally, the tokenization ecosystem continues to expand: the yield-bearing security token YLDS reached $598 million (up 80% quarter-over-quarter); the stock lending product balance stood at $368 million (up 79%); and the small business loan segment contributed $60 million in revenue.Figure's current share price remains not far from its 2025 IPO offering price of $36, but still significantly below its all-time high of $78. (The Block)
OpenAI Lawsuit: Microsoft CEO Satya Nadella Testifies in Court as Altman-Musk Dispute Escalates to Core Partnership Relations in the AI Giant
Odaily Odaily News: In the OpenAI lawsuit, Satya Nadella testified in court as Microsoft's CEO at the U.S. District Court in Oakland, California. The case centers on the ongoing legal dispute over OpenAI's non-profit structure and its path to commercialization. The lawsuit, filed by Elon Musk in 2024, accuses Microsoft of "aiding and abetting the breach of charitable trust obligations" during OpenAI's transition from a non-profit organization to a commercial entity. Microsoft has been making strategic investments in OpenAI since 2019, with cumulative investments reaching approximately $13 billion by 2023, making it one of OpenAI's most important external supporters.During the trial, Satya Nadella reviewed the early partnership between Microsoft and OpenAI, mentioning that the two parties had established deep technological and computing power collaboration before the launch of ChatGPT. In his earlier testimony, Musk stated that Microsoft's additional investment of approximately $10 billion in OpenAI in 2023 was the key turning point that prompted him to file the lawsuit, adding that the scale of the investment altered OpenAI's original non-profit-oriented structure. During the trial, Musk stated: "We are concerned they are turning a charitable organization into a commercial tool." He also questioned Microsoft's potential dominant position in the development of Artificial General Intelligence (AGI) and pointed out that its deep integration with OpenAI could impact the competitive landscape of the industry.The case is currently still under trial, and the debate surrounding OpenAI's governance structure, non-profit status, and control over the AI industry is expected to continue. (CNBC)
Coinbase Invests Seven-Figure Sum in Centrifuge and Names It a Core Tokenization Partner on Base
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
Mining Companies Transition from Bitcoin Mining to AI, Keel and Hive Stock Prices Rise
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.
Bitcoin Core Developer: Would Rather Freeze 5.6 Million BTC Than Let Them Fall into the Hands of Quantum Hackers
Odaily News Bitcoin Core developer Jameson Lopp stated that compared to potential future quantum computing attacks, he would prefer to "freeze" approximately 5.6 million long-dormant BTC from the network rather than letting them be acquired by attackers. These bitcoins have not moved for over 10 years and may be permanently lost, valued at around $420 billion at current prices. If future breakthroughs in quantum computing lead to the private keys of old addresses being cracked, these assets could be transferred again, potentially triggering severe market volatility or even a crisis of confidence. Although the community recently proposed BIP-361, the proposal is still in its early stages and is not a formally promoted solution, but rather more like a contingency plan for an "extreme risk." (CoinDesk)
David Sacks responds to Anthropic “security controversy” triggering regulation: Core conflict is unpatched vulnerability
David Sacks, co-chair of the President's Council of Advisors on Science and Technology, responded to the regulatory implications of the Anthropic “security controversy,” stating that he has communicated with multiple parties regarding the current situation at Anthropic. He concluded that the core of the event lies in the security controversy sparked by its newly released model “Fable” (the commercial version of the Mythos-class models). Although Anthropic publicly stated the vulnerability was “not severe,” the U.S. government and testers disagreed with this assessment, believing it was significant enough to impact the model's security, even involving “cyber weapons operability” risks.David Sacks further criticized that Anthropic has long emphasized “safety first,” yet in this instance, it was more inclined to keep the consumer version continuously online rather than prioritizing the repair of the security issue. He stated this matter should not be conflated with previous defense or regulatory controversies and noted that the U.S. government still recognizes Anthropic's technical capabilities. The current problem “could have been resolved quickly, the ball is in Anthropic's court.”
Yuga Labs: ApeCo Lead Cam to Depart, ApeChain Core Tech and BD Teams Shift to Direct Collaboration
Odaily Yuga Labs CEO Michael Figge announced on X that the team will implement several adjustments to ApeCoin. Previously, due to regulatory uncertainty, Yuga Labs and ApeCo adopted a parallel coordination model, which resulted in lower efficiency. As the regulatory environment evolves, the team has decided to simplify the structure and eliminate the independent ApeCo lead role. ApeCo Lead Cam will depart, while the ApeChain core technology and BD teams will collaborate directly with Yuga Labs. Certain other team members will also be leaving, with the transition set to be completed by June 5.
Ethereum Foundation Faces Accelerating Talent Drain, with Multiple Core Researchers Resigning
According to The Block, the Ethereum Foundation has recently experienced another wave of talent attrition: researchers Carl Beek and Julian Ma announced their departures this Monday. Beek had worked at the Foundation for seven years and led the development of Ethereum’s Beacon Chain, making significant contributions to Ethereum’s transition to the Proof-of-Stake (PoS) consensus mechanism; Ma had been with the Foundation for approximately four years, contributing to mechanism design, cryptoeconomics, and protocol scalability, and co-authored EIP-7805—a proposal aimed at enhancing Ethereum’s censorship resistance. Earlier this year, in February, Co-Executive Director Tomasz K. Stańczak resigned; multiple other senior figures—including Josh Stark, Barnabé Monnot, and Tim Beiko—have also departed in succession.
Aave Updates Its Bug Bounty Program: Core Aave V3 and Other Modules to Launch Separate Bug Bounty Programs
Aave announced that its bug bounty program has been updated to better align rewards with the risk profile of each component within the ecosystem and to streamline the review process. The reward cap for critical vulnerability fixes in Aave V4 and Core Aave V3 has now been increased fivefold.
QCP: BTC Holds at $80K but Meets Resistance at $84K; CPI Surprise and U.S.-China Talks Shape Short-Term Price Action
According to QCP Capital’s analysis, BTC is currently consolidating near $82,000—close to its 200-day moving average. The $80,000 support level remains temporarily stable, yet the resistance level at $84,000 has yet to be breached. April’s core CPI rose 2.8% year-on-year—slightly above expectations—driven primarily by housing costs (owners’ equivalent rent), while core goods inflation remains subdued and tariff-related price pressures have not yet fully disseminated. Core services inflation (excluding housing) has accelerated for three consecutive months. Coupled with China’s PPI turning positive for the first time in 41 months, the global deflationary tailwind for commodities may be fading, further raising the bar for Fed rate cuts. Markets are now focused on three key catalysts: the Beijing meeting between Trump and President Xi (covering trade, rare earths, and Middle East issues), the upcoming PPI data release, and the Senate Banking Committee’s deliberation process on the CLARITY crypto regulatory bill. Until these catalysts materialize, spot prices may continue trading sideways within a range, with volatility remaining low.
Consensus Miami: Institutional Investors Remain Cautious Toward Perpetual DEXs; Security Risks and KYC Compliance Are Core Barriers
According to CoinDesk, at the “Perp DEX Explosion: Bullish Volumes and Bear Market Resilience” panel at Consensus Miami, several industry insiders stated that institutional investors are still largely avoiding decentralized exchanges offering perpetual futures (Perp DEXs). Veteran trader Wizard of SoHo pointed out that Drift’s recent multi-million-dollar hack highlights security vulnerabilities in the DeFi ecosystem, making secure onboarding of institutional capital a core competitive focus for major Perp DEXs. Anderson of Canary Labs expressed concern about DeFi’s current security posture, noting that large institutions face significantly greater challenges adopting decentralized exchanges compared to centralized platforms. Additionally, the structural tension between DeFi’s permissionless, open design and institutions’ stringent KYC compliance requirements is seen as a key barrier to scaling adoption. Michaël van de Poppe, founder of MN Fund, shared his views on AI-powered trading tools, stating that AI agents represent an evolutionary extension of algorithmic trading—and that trading will increasingly become fully automated.
Trezor Exec: Putting All Bitcoin into ETFs Might Be the Worst Outcome for the Industry, Undermining the Core Principle of Self-Custody
: Danny Sanders, Chief Business Officer of hardware wallet manufacturer Trezor, stated that "putting everything into ETFs" might be the worst development path for the Bitcoin ecosystem. Since the launch of US spot Bitcoin ETFs in early 2024, cumulative inflows have exceeded $53 billion, making them a significant driver of BTC prices, but also potentially altering the structure of how users hold their assets.Sanders believes that over-reliance on ETFs will weaken Bitcoin's core principle of "self-custody," gradually shifting asset control to third-party institutions instead of users holding their private keys. Although self-custody carries risks such as lost seed phrases or unrecoverable private key leaks, he considers these more of a psychological barrier than a technical challenge, adding that "it's not difficult once you actually start doing it."Data shows that out of approximately 600 million crypto users globally, only about 10% practice self-custody, and only around 12 to 13 million users employ hardware wallets.As an early hardware wallet provider in the industry, Trezor helped popularize the BIP-39 seed phrase standard and continues to advocate for lowering the barriers to self-custody through improved user experience and educational tools, rather than relying on intermediary custody.Sanders concluded that the industry's long-term goal should be to gradually approach a Web2-level user experience, rather than simply replacing self-custody with ETFs. "That would probably be the worst possible outcome for the entire industry." (The Block)
FTSE Russell Adjusts IPO Inclusion Rules, Large New Listings Can Quickly Join Core Indices
Eric Balchunas, senior ETF analyst at Bloomberg, disclosed on X platform that the FTSE Russell Governance Committee has approved adjustments to the fast-entry IPO rules and index minimum admission standards, which received broad support after completing market consultation.According to the latest methodology updates, the rules take immediate effect: when an IPO's investable market capitalization exceeds the market-adjusted total capitalization threshold of the Russell Top 500 Index at the last rebalancing, the IPO becomes eligible for fast entry evaluation into the index. This threshold will be adjusted quarterly on a market basis, initially set against the semi-annual rebalancing. This adjustment aims to enhance the index's responsiveness to large newly listed companies, enabling them to be incorporated into the main benchmark index system more quickly, thereby improving index representativeness and market adaptability.
Crypto Markets Wait-and-See Ahead of April US CPI Report: XRP and SOL Face Key Resistance Again
ahead of the release of the April US CPI data, the crypto market rally has temporarily stalled. Bitcoin has been oscillating within the $80,000 to $82,000 range recently, failing to break out effectively since last Wednesday. Market participants believe that while capital flows still point to the potential for a future breakout, inflation and macroeconomic risks are weighing on risk appetite.The United States will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. According to FactSet data, the market expects April CPI to rise 3.7% year-over-year, up from 3.3% in March. If this forecast materializes, it would mark the largest increase since January 2024 and be significantly higher than the average of 2.7% over the past 12 months. Core CPI is expected to rise 2.7% year-over-year, up from the previous 2.6%.Analysts are concerned that against a backdrop of high oil prices and Trump's characterization of the US-Iran ceasefire as "extremely fragile," inflation data exceeding expectations could further trigger risk-off sentiment in the markets, dragging down risk asset performance.Lukman Otunuga, Head of Market Research at FXTM, stated that the market is entering a sensitive phase where geopolitical risks, inflation concerns, and central bank expectations are intertwined. High oil prices, uncertainties surrounding the Iran situation, and key US economic data could drive increased volatility in commodities, currencies, and global stock markets.Beyond macroeconomic factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today, but this level has repeatedly failed to be breached since February this year; SOL is once again nearing the resistance zone around $97.Meanwhile, institutional interest in related assets is heating up. The US spot XRP ETF recorded net inflows of $25.8 million on Monday, the highest since January 5th. Bitcoin and Solana ETFs also maintained net capital inflows, while the Ethereum ETF saw net outflows of $16.9 million. (CoinDesk)
Consensus Miami: Institutional Investors Remain Cautious Toward Perpetual DEXs; Security Risks and KYC Compliance Are Core Barriers
According to CoinDesk, at the “Perp DEX Explosion: Bullish Volumes and Bear Market Resilience” panel at Consensus Miami, several industry insiders stated that institutional investors are still largely avoiding decentralized exchanges offering perpetual futures (Perp DEXs). Veteran trader Wizard of SoHo pointed out that Drift’s recent multi-million-dollar hack highlights security vulnerabilities in the DeFi ecosystem, making secure onboarding of institutional capital a core competitive focus for major Perp DEXs. Anderson of Canary Labs expressed concern about DeFi’s current security posture, noting that large institutions face significantly greater challenges adopting decentralized exchanges compared to centralized platforms. Additionally, the structural tension between DeFi’s permissionless, open design and institutions’ stringent KYC compliance requirements is seen as a key barrier to scaling adoption. Michaël van de Poppe, founder of MN Fund, shared his views on AI-powered trading tools, stating that AI agents represent an evolutionary extension of algorithmic trading—and that trading will increasingly become fully automated.
QCP: The Core Watershed for Sustaining Bitcoin's Short-Term Uptrend May Be at $82,000-$83,000
QCP Capital stated in its analysis that after a solid performance in April, Bitcoin continued its strong momentum in early May, breaking through the $80,000 mark for the first time since January 31. Spot ETF inflows remain a significant positive factor, recording approximately $163 million in net inflows last week. Despite Strategy pausing its Bitcoin purchases this week, BTC still managed to rise, indicating that market momentum is no longer solely dependent on the "HODL narrative" and is instead gradually shifting towards broader capital support. The key going forward is whether BTC can effectively hold above the CME gap range of $82,000 to $83,000, which will serve as the core watershed for the continuation of the short-term uptrend.
Aave Proposal: Significantly Increase USDC Slope 2 to 50% to Alleviate Liquidity Crisis
According to the Aave Governance Forum, Gordon Liao, a Circle team member, has submitted an ARFC proposal recommending a two-step adjustment to the USDC interest rate model parameters on Aave v3 Ethereum Core to address the current liquidity shortage in the USDC pool. Current context: Following the rsETH incident on April 18, the USDC pool utilization has remained persistently near 100%, with available liquidity falling below $3 million. The borrowing rate has been stuck at the 14% cap for an extended period, and the pool’s total supply has contracted by approximately $60 million over the past 24 hours. As a result, the market is unable to clear via price mechanisms. The proposal’s core measures are as follows: Step 1 (to be executed immediately by Risk Administrators): Increase Slope 2 from 10% to 40%, decrease the optimal utilization rate from 92% to 87%, and temporarily suspend the Slope 2 risk oracle for USDC. Step 2 (to be completed within 5–7 days via governance vote): Further increase Slope 2 to 50% and reduce the optimal utilization rate to 85%. The proposal argues that many current borrowers are insensitive to interest rates and primarily borrow to bypass withdrawal queues and exit positions. Active leverage, meanwhile, is key to attracting new suppliers. Raising the maximum supply rate to the 40%–50% range is expected to draw in USDC liquidity within hours, driving utilization below the kink point and restoring the market’s normal clearing functionality.
David Sacks responds to Anthropic “security controversy” triggering regulation: Core conflict is unpatched vulnerability
David Sacks, co-chair of the President's Council of Advisors on Science and Technology, responded to the regulatory implications of the Anthropic “security controversy,” stating that he has communicated with multiple parties regarding the current situation at Anthropic. He concluded that the core of the event lies in the security controversy sparked by its newly released model “Fable” (the commercial version of the Mythos-class models). Although Anthropic publicly stated the vulnerability was “not severe,” the U.S. government and testers disagreed with this assessment, believing it was significant enough to impact the model's security, even involving “cyber weapons operability” risks.David Sacks further criticized that Anthropic has long emphasized “safety first,” yet in this instance, it was more inclined to keep the consumer version continuously online rather than prioritizing the repair of the security issue. He stated this matter should not be conflated with previous defense or regulatory controversies and noted that the U.S. government still recognizes Anthropic's technical capabilities. The current problem “could have been resolved quickly, the ball is in Anthropic's court.”
Bitcoin Core 31.0’s new features contain a privacy vulnerability that may leak the IP address of the transaction initiator under specific network conditions.
The Bitcoin Core Project released a security advisory confirming a privacy vulnerability in the -privatebroadcast feature introduced in version 31.0.
Sui Mainnet Recovers After Brief Outage, Official Confirms Caused by Gas Billing Vulnerability
Sui officially announced a network outage on its mainnet due to a vulnerability in the Gas billing logic of version 1.72, temporarily halting all transactions and on-chain activities. The Sui Core team has now completed emergency response, and the mainnet has resumed normal operations. The official statement indicated that a comprehensive post-mortem report will be released subsequently, detailing the cause of the incident and the fix.
Squid: Security Incident Unrelated to Squid Core Protocol and Contracts; All Squid Users and Integrators Unaffected
Odaily news Squid posted on X platform, stating that this incident is unrelated to the Squid core protocol and contracts. All Squid users and integrators are unaffected and no action is required.Today, a third-party Gnosis Safe module on the Base and Ethereum networks was attacked, resulting in a loss of approximately $3.2 million. The vulnerable contract is verified on Basescan under the name "SquidRouterModule," but this contract was not built, deployed, or operated by Squid. It is a third-party smart wallet product that chose to integrate with Squid and other protocols, and has no connection with Squid.The attack principle is that this third-party module accepts a constant string provided by the caller as a message security proof. This string is publicly visible in the verified contract code. By inputting this string, the attacker could execute arbitrary calldata arrays and freely steal funds. The victim's Safe wallet had added this problematic contract as a trusted Safe Module, allowing the contract to control any tokens within the Safe without requiring a signature. Squid's own router contract (0xce16...D666) has a different architecture and was unaffected. Squid users' funds, authorizations, and integrations are completely safe.Early public reports may have mentioned "SquidRouter" due to the contract verification name on Basescan. The accurate description should be: a third-party SquidRouterModule was attacked, not Squid's Router contract. This contract shares the name with Squid, but it is not Squid's code. Squid is continuously monitoring the situation and will provide updates if there are any significant changes.
AaveLabs: Updates Bug Bounty Program, Core Aave V3 Maximum Reward Raised to $5 Million
that, according to official sources, AaveLabs has proposed restructuring the Aave DAO bug bounty framework into multiple specific subsystem programs, operating on the Immunefi, Sherlock, and Cantina platforms respectively. Core Aave V3, Core Aave V2, GHO, and non-liquidity protocol infrastructure will be covered by Immunefi; Aave V4 and the Aave App Stack will be covered by Sherlock; and Aave V3 on Aptos will be covered by Cantina.The proposal suggests adjusting the bounty scale for each system. The maximum reward for critical vulnerabilities in Core Aave V3 is $5 million, while the maximum reward for critical vulnerabilities in Aave V4 is $2.5 million. Additionally, the funding source for the Aave V3 bug bounty on Aptos will be transferred from Aave Labs to the Aave DAO. This ARFC proposal has currently been passed.
Aave Updates Its Bug Bounty Program: Core Aave V3 and Other Modules to Launch Separate Bug Bounty Programs
Aave announced that its bug bounty program has been updated to better align rewards with the risk profile of each component within the ecosystem and to streamline the review process. The reward cap for critical vulnerability fixes in Aave V4 and Core Aave V3 has now been increased fivefold.
Trezor Exec: Putting All Bitcoin into ETFs Might Be the Worst Outcome for the Industry, Undermining the Core Principle of Self-Custody
: Danny Sanders, Chief Business Officer of hardware wallet manufacturer Trezor, stated that "putting everything into ETFs" might be the worst development path for the Bitcoin ecosystem. Since the launch of US spot Bitcoin ETFs in early 2024, cumulative inflows have exceeded $53 billion, making them a significant driver of BTC prices, but also potentially altering the structure of how users hold their assets.Sanders believes that over-reliance on ETFs will weaken Bitcoin's core principle of "self-custody," gradually shifting asset control to third-party institutions instead of users holding their private keys. Although self-custody carries risks such as lost seed phrases or unrecoverable private key leaks, he considers these more of a psychological barrier than a technical challenge, adding that "it's not difficult once you actually start doing it."Data shows that out of approximately 600 million crypto users globally, only about 10% practice self-custody, and only around 12 to 13 million users employ hardware wallets.As an early hardware wallet provider in the industry, Trezor helped popularize the BIP-39 seed phrase standard and continues to advocate for lowering the barriers to self-custody through improved user experience and educational tools, rather than relying on intermediary custody.Sanders concluded that the industry's long-term goal should be to gradually approach a Web2-level user experience, rather than simply replacing self-custody with ETFs. "That would probably be the worst possible outcome for the entire industry." (The Block)
David Sacks responds to Anthropic “security controversy” triggering regulation: Core conflict is unpatched vulnerability
David Sacks, co-chair of the President's Council of Advisors on Science and Technology, responded to the regulatory implications of the Anthropic “security controversy,” stating that he has communicated with multiple parties regarding the current situation at Anthropic. He concluded that the core of the event lies in the security controversy sparked by its newly released model “Fable” (the commercial version of the Mythos-class models). Although Anthropic publicly stated the vulnerability was “not severe,” the U.S. government and testers disagreed with this assessment, believing it was significant enough to impact the model's security, even involving “cyber weapons operability” risks.David Sacks further criticized that Anthropic has long emphasized “safety first,” yet in this instance, it was more inclined to keep the consumer version continuously online rather than prioritizing the repair of the security issue. He stated this matter should not be conflated with previous defense or regulatory controversies and noted that the U.S. government still recognizes Anthropic's technical capabilities. The current problem “could have been resolved quickly, the ball is in Anthropic's court.”
EIP-8182 proposes introducing native privacy transfers on Ethereum in the Hegotá hard fork
Ethereum developers are evaluating EIP-8182, a proposal that plans to introduce native privacy transfers for ETH and ERC-20 tokens via the Hegotá hard fork. The proposal was created by Facet co-founder Tom Lehman on March 3, 2026, and is classified as a Draft Standards Track Core EIP. It has not yet been finalized or scheduled for inclusion in an upgrade.Hegotá is the next upgrade following Glamsterdam and is expected to focus on infrastructure and protocol layer improvements. The core of EIP-8182 is to create a canonical shielded pool system contract at the protocol layer, where users can deposit ETH or ERC-20 tokens and spend them using zero-knowledge proofs. (Financefeeds)
Zcash Core Developer: Ironwood Upgrade Makes New Progress, Multiple Organizations Reach Consensus on Key Changes
Zcash core developer Sean Bowe posted an update on the progress of the Ironwood upgrade, stating that over the past 48 hours, protocol developers from various organizations have held two meetings and reached consensus on multiple specifications and implementation details for Ironwood. These include disabling Orchard pool bundles in Coinbase transactions, using anchors as authentication data for hardware wallet migrations, and the processing order of ZIPs and specifications.Currently, the Ironwood circuit and the ZIP 2005 integration draft are under review. Valar Group has completed testnet deployment and implemented some wallet-side changes. Meanwhile, formal verification work is progressing, and the development team plans to meet tomorrow to finalize the verification strategy. Additionally, at least three major audit firms are conducting security audits on Orchard, and multiple AI audit tools have been put into use simultaneously. Sean Bowe stated that the overall development progress is running smoothly.
Bitcoin Core 31.0’s new features contain a privacy vulnerability that may leak the IP address of the transaction initiator under specific network conditions.
The Bitcoin Core Project released a security advisory confirming a privacy vulnerability in the -privatebroadcast feature introduced in version 31.0.
Felix Protocol Announces Shutdown of HIP-3 DEX, Refocusing on Core Lending Business After Competitive Setback
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
Related news
Trezor Exec: Putting All Bitcoin into ETFs Might Be the Worst Outcome for the Industry, Undermining the Core Principle of Self-Custody
: Danny Sanders, Chief Business Officer of hardware wallet manufacturer Trezor, stated that "putting everything into ETFs" might be the worst development path for the Bitcoin ecosystem. Since the launch of US spot Bitcoin ETFs in early 2024, cumulative inflows have exceeded $53 billion, making them a significant driver of BTC prices, but also potentially altering the structure of how users hold their assets.Sanders believes that over-reliance on ETFs will weaken Bitcoin's core principle of "self-custody," gradually shifting asset control to third-party institutions instead of users holding their private keys. Although self-custody carries risks such as lost seed phrases or unrecoverable private key leaks, he considers these more of a psychological barrier than a technical challenge, adding that "it's not difficult once you actually start doing it."Data shows that out of approximately 600 million crypto users globally, only about 10% practice self-custody, and only around 12 to 13 million users employ hardware wallets.As an early hardware wallet provider in the industry, Trezor helped popularize the BIP-39 seed phrase standard and continues to advocate for lowering the barriers to self-custody through improved user experience and educational tools, rather than relying on intermediary custody.Sanders concluded that the industry's long-term goal should be to gradually approach a Web2-level user experience, rather than simply replacing self-custody with ETFs. "That would probably be the worst possible outcome for the entire industry." (The Block)
Michael Saylor Explains Strategy: Two Core Bitcoin Metrics—BPS Reflects Growth, CEBE BPS Measures Real Risk Exposure
MicroStrategy Chairman Michael Saylor explained the company’s two key per-share Bitcoin metrics: Bitcoin Per Share (BPS) measures the growth capacity of Bitcoin attributable to common stock, while Cash-Equivalent Bitcoin Exposure BPS (CEBE BPS) reflects the actual Bitcoin risk exposure held by common shareholders after deducting various senior claims.
David Sacks responds to Anthropic “security controversy” triggering regulation: Core conflict is unpatched vulnerability
David Sacks, co-chair of the President's Council of Advisors on Science and Technology, responded to the regulatory implications of the Anthropic “security controversy,” stating that he has communicated with multiple parties regarding the current situation at Anthropic. He concluded that the core of the event lies in the security controversy sparked by its newly released model “Fable” (the commercial version of the Mythos-class models). Although Anthropic publicly stated the vulnerability was “not severe,” the U.S. government and testers disagreed with this assessment, believing it was significant enough to impact the model's security, even involving “cyber weapons operability” risks.David Sacks further criticized that Anthropic has long emphasized “safety first,” yet in this instance, it was more inclined to keep the consumer version continuously online rather than prioritizing the repair of the security issue. He stated this matter should not be conflated with previous defense or regulatory controversies and noted that the U.S. government still recognizes Anthropic's technical capabilities. The current problem “could have been resolved quickly, the ball is in Anthropic's court.”
EIP-8182 proposes introducing native privacy transfers on Ethereum in the Hegotá hard fork
Ethereum developers are evaluating EIP-8182, a proposal that plans to introduce native privacy transfers for ETH and ERC-20 tokens via the Hegotá hard fork. The proposal was created by Facet co-founder Tom Lehman on March 3, 2026, and is classified as a Draft Standards Track Core EIP. It has not yet been finalized or scheduled for inclusion in an upgrade.Hegotá is the next upgrade following Glamsterdam and is expected to focus on infrastructure and protocol layer improvements. The core of EIP-8182 is to create a canonical shielded pool system contract at the protocol layer, where users can deposit ETH or ERC-20 tokens and spend them using zero-knowledge proofs. (Financefeeds)
Zcash Core Developer: Ironwood Upgrade Makes New Progress, Multiple Organizations Reach Consensus on Key Changes
Zcash core developer Sean Bowe posted an update on the progress of the Ironwood upgrade, stating that over the past 48 hours, protocol developers from various organizations have held two meetings and reached consensus on multiple specifications and implementation details for Ironwood. These include disabling Orchard pool bundles in Coinbase transactions, using anchors as authentication data for hardware wallet migrations, and the processing order of ZIPs and specifications.Currently, the Ironwood circuit and the ZIP 2005 integration draft are under review. Valar Group has completed testnet deployment and implemented some wallet-side changes. Meanwhile, formal verification work is progressing, and the development team plans to meet tomorrow to finalize the verification strategy. Additionally, at least three major audit firms are conducting security audits on Orchard, and multiple AI audit tools have been put into use simultaneously. Sean Bowe stated that the overall development progress is running smoothly.
Bitcoin Core 31.0’s new features contain a privacy vulnerability that may leak the IP address of the transaction initiator under specific network conditions.
The Bitcoin Core Project released a security advisory confirming a privacy vulnerability in the -privatebroadcast feature introduced in version 31.0.