Ethereum Foundation pivots away from Poseidon in post-quantum plan

Advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake. Source link

City of Baltimore Goes After Prediction Markets for Sports Betting

The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In a Thursday notice, the Baltimore mayor’s office said that the two prediction market companies operated “illegal, unlicensed sports-betting platforms” and misled users about the ”legality and regulatory status of their…

Bitcoin Mining Capacity Shifts as AI Data Center Demand Grows

Publicly traded Bitcoin miners are cutting mining capacity faster than the Bitcoin network overall, suggesting that more operators are redirecting electricity and infrastructure toward data centers and high-performance computing (HPC), in another sign of the sector’s evolution beyond creating more crypto. In the latest Miner Weekly newsletter, BlocksBridge Consulting reported that realized hashrate among a…

Robinhood Chain Relies on Uniswap as Liquidity Nears $1B

Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets, according to Standard Chartered. In a recent note, Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain has grown to nearly $1 billion in total value locked (TVL), which he described…

Bitmine’s $257M Staking Income ‘Fills’ Operational Gaps, Share Buybacks: Analysts

Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday.  Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May…

Third-party breach exposes shipping addresses of 14,000 Trezor buyers

ShipMonk, Trezor’s fulfillment partner, suffered unauthorized access to its systems, affecting nearly 14,000 customers’ data, the cold storage crypto wallet firm reported Thursday. Trezor said the names, email addresses, phone numbers and shipping addresses of 11,742 customers had been compromised. It also said the names, cities and email addresses of another 1,947 customers were also…

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices. Source link

Bitcoin Price Range Breakout Rests On Short-Term Holders, Analysis Shows

Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June. Key points: Bitcoin short-term holders are keen to sell into range highs as they seek to break even on their investment. BTC price action remains stuck in its near three-month range as a result, Glassnode…

MUFG PoC to bring Japanese government bond repo transactions onchain

MUFG’s experiment plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational efficiency. Source link

Copper US arm becomes FINRA member, SEC-registered broker-dealer

Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence. Source link