Ethereum will revise cryptography for post-quantum protection
✨ The Ethereum Foundation has abandoned the idea of using Poseidon in the future L1 architecture after eight years of research.
🗣️ Developers plan to bet on more proven SHA and BLAKE, which, thanks to new SNARK constructions, can operate with comparable efficiency.
🔗 The main reason is preparing Ethereum for the post-quantum era. The current ECDSA and BLS signature schemes could be vulnerable to future quantum computers, so developers are gradually changing the network’s cryptographic architecture.
📊 According to Ethereum’s roadmap, the production version of the new architecture is expected to appear in 2027, and the key changes at the consensus, data availability, and execution layers— in 2028.
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The US will connect the private sector to the fight against cybercrime
🏦 US President Donald Trump signed a memorandum that will allow certified private companies to take part in authorized cyber operations against foreign criminal groups.
✍️ The focus is on combating extortionists, financial scammers, and other transnational cybercriminals.
💻 Companies will be able not only to gather data about the attackers’ infrastructure, but, with government approval, to block, disable, or destroy their systems.
🗣️ At the same time, contractors will not be able to choose targets independently— all operations will be carried out under the control of federal agencies.
🟢 To participate, companies must undergo certification, confirm their technical competence, and post a bond of at least $1 million.
✔️ Previously, US authorities already involved Apple, Coinbase, Google, Microsoft, and other companies in the fight against scam networks. Now they plan to expand cooperation to include direct business participation in offensive cyber operations.
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⛏️ Over the last three quarters, the total realized hashrate of public miners fell from 368.3 to 319 EH/s.
🗣️ The reason is that companies are gradually shifting capacity from mining to AI and HPC infrastructure, where computing power can generate more revenue.
📉 At the same time, the hashrate of the entire Bitcoin network dropped significantly less—by about 10.6%.
✍️ The main exception is Bitdeer: its realized hashrate increased by 44% over the period, to 63 EH/s.
📊 The trend is especially noticeable among individual companies: for example, in Q2 Core Scientific received $136.7 million from the deployment of computing capacity versus $27.5 million from BTC mining.
💻 It seems that for public miners, competition for electricity and capital is increasingly shifting toward AI.
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Trezor reported a data breach affecting 13,689 customers
🔗 Users’ personal data was compromised after the logistics partner ShipMonk was hacked.
📊 For 11,742 customers, their name, email, phone, and delivery address were exposed. Another 1,947 users were affected by a partial leak.
🔐 At the same time, the wallets themselves, private keys, and backups were not affected.
🔜 The main risk now is personalized phishing. Attackers may use the obtained data for calls, emails, and messages, trying to trick victims into revealing the seed phrase.
⚡️ Trezor urged users not to share their recovery phrase with anyone and not to enter it on third-party websites.
🔼 The company is already investigating the incident together with ShipMonk and is working on an anonymous delivery system, which should reduce the amount of personal data collected when purchasing wallets.
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📊 On August 12, analysts noticed the movement of 5,014 BTC from Metaplanet accounts, after which speculation about a possible sale appeared on the network.
✍️ The company’s CEO, Simon Gerovich, stated that no sale took place—this is a standard wallet rebalancing.
🏦 Some of the BTC were transferred to cold wallets, and some to Coinbase Prime. At the same time, according to Gerovich, Metaplanet still controls about 43,000 BTC.
🥇 At the moment, the company’s average purchase price for bitcoin is $96,191, and the unrealized loss is estimated at roughly $1.4 billion.
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In New York, Kalshi and Polymarket are being investigated
🔈 The New York City Council is investigating the marketing practices of Kalshi, Polymarket, Coinbase, and Gemini Titan.
✍️ The allegations relate to potentially misleading advertising, hidden influencer payouts, and promoting prediction markets among young people.
📊 Authorities are also looking into cases where staged trades were shown as real, and losing bets were presented as profitable.
↗️ Against the backdrop of the review, the market continues to grow rapidly: in July, the combined trading volume of Kalshi, Polymarket, and Polymarket US reached a record $50.59 billion.
📊 At the same time, the CFTC issued a separate clarification for regulated platforms and reminded them of the requirements for incentive programs and disclosure of their terms.
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ENS changed its management model and transferred control of $65 million to the foundation
🔈 ENS owners approved the creation of the ENS Foundation, which is now responsible for the project’s legal and operational matters.
💰 The foundation has been granted administrative control over assets totaling approximately $65 million in ETH and stablecoins. At the same time, the funds themselves remain in the original wallet.
🔐 Control over the protocol remains with the DAO — the community continues to govern the key ENS parameters, smart contracts, and tokens.
📊 The foundation’s role is to represent ENS to regulators and international organizations, manage the brand, grants, and day-to-day operations.
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🗣️ According to Spencer Hallarn, head of GSR’s markets division, several factors must line up at once for Bitcoin to see a new strong move.
🤖 First — a easing of the hype around AI. Right now, the sector is absorbing a significant share of available capital that could potentially be directed into cryptoassets.
💵 Second — a softening of the Fed’s policy. Rate cuts can bring additional liquidity back to the market and boost interest in risk assets.
🥇 At the same time, Hallarn expects stronger Bitcoin performance first, not the entire crypto market. In his view, altcoins still need to prove the real value of their products and use-case scenarios.
📊 Meanwhile, the market’s structure is also changing. Investors are increasingly interested in hedging, diversification, and tokenized assets, while exchanges are gradually expanding their offerings beyond traditional crypto trading.
✍️ As stated by a GSR representative, the line between cryptocurrencies, stocks, and other financial instruments is becoming less and less noticeable.
⚠️ For now, both key conditions remain in question: interest in AI continues to grow, while the Fed maintains a tough stance on monetary policy. Therefore, for a new full-scale inflow of liquidity, the market will have to wait for a change in the macro environment.
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Mysten Labs introduced Tessera — a blockchain for confidential corporate settlements
🔐 Sui developer showcased a Tessera prototype that allows companies to perform blockchain calculations without disclosing transaction amounts to external participants.
💳 In the network, it is recorded who sent funds to whom and when, but the payment size remains hidden. At the same time, the counterparty can see the full amount of its operation, while the regulator receives only the volume of information it needs.
⚙️ Tessera uses Seal MPC and confidential transfers. In the prototype, companies can settle accounts based on invoices within a closed network using a stablecoin, access to which is controlled via KYC.
📊 Participants have access to different levels of control:
🔵 the regulator can see all operations; 🔵 the tax authority — the operations of a specific company; 🔵 the arbitrator — only the disputed transaction for the duration of the proceedings.
✍️ At the same time, none of the controlling participants gets the ability to manage funds.
📌 Mysten Labs believes that hiding amounts can remove one of the main barriers to using blockchain for corporate payments: companies do not want to disclose to competitors the volumes of settlements and deal terms.
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🏦 Riot Platforms signed a 20-year agreement to lease 191 MW of capacity from its data center in Texas for advanced AI development by Anthropic.
💰 The contract runs until 2048 and will bring Riot about $9.1 billion in revenue. With two renewal options, the potential deal value could rise to $16.1 billion. The first 96 MW are planned to come online by the end of 2027, with the full capacity by June 2028.
📊 In parallel, Riot reported for the second quarter:
🔵 revenue — $174.2 million (+14%); 🔵 mined — 1,587 BTC; 🔵 liquid assets — over $1.2 billion; 🔵 net loss — $237.2 million.
↗️ After the news, Riot’s shares first fell by 5.4%, and then on August 11 gained more than 23%, moving closer to $24.
📌 Riot continues to move away from pure Bitcoin mining and turn its energy capacity into infrastructure for AI data centers. A similar strategy is being pursued by Core Scientific, IREN, Applied Digital, TeraWulf, and Hut 8.
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World Liberty Financial received $100 million from a businessman who is under investigation in the UK
📊 The Trump family’s crypto project World Liberty Financial raised $100 million from Guren “Bobby” Zhou through his company Aqua 1.
📊 According to media reports, UK law enforcement is investigating Zhou’s possible involvement in a money-laundering scheme. He has not been charged with any criminal offenses, and the investigation remains active.
↗️ Two years ago, Zhou was selling parquet flooring in the UK and, at the same time, running a small crypto startup that later collapsed.
✔️ Zhou acquired WLFI tokens, becoming one of the project’s largest investors. However, it is unknown how thoroughly World Liberty Financial checked his background before the deal.
🗣️ Separate attention is drawn to the allocation of funds: according to WLF policy, up to $75 million of the investment may go to entities associated with Donald Trump and his sons.
🔗 The story once again raises questions about the transparency of major cryptocurrency investments and verification of the source of funds.
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