Author: John Smith

Ethereum Foundation researcher Justin Drake has said the network’s layer 1 will leave Poseidon after an eight-year, eight-figure research effort and pursue established hash functions such as SHA-2 or BLAKE2s. Summary Ethereum’s L1 roadmap will use traditional hashes instead of the SNARK-focused Poseidon function. Binary-field SNARKs can reportedly prove about 1 million traditional hash calls per second. A production-grade leanVM is scheduled for 2027, followed by layer deployments in 2028. Hash-based signatures form a central part of Ethereum’s planned protection against quantum computers. Ethereum L1 turns away from Poseidon Justin Drake said in an Aug. 13 X post that the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum current price and solana ETF flows are stuck in neutral, see why BlockDAG’s stage 1 math makes it the best crypto to buy this month. Summary BlockDAG’s early-stage pricing and expanding ecosystem are drawing attention as Ethereum and Solana remain stuck in narrow trading ranges. Ethereum and Solana face sluggish momentum, while BlockDAG moves ahead with its Super App, exchange plans, staking, and Stage 1 presale. With ETH and SOL struggling to break higher, investors are turning their…

Four companies within Mitsubishi UFJ Financial Group have launched a proof of concept to test Japanese government bond repo transactions on the Canton Network, with the project targeting automated processing and 24-hour on-chain settlement. Summary Four MUFG companies will test Japanese government bond repo transactions on the Canton Network. The proof of concept will examine automated transaction processing and real time settlement available 24/7. Digital Asset Holdings and Progmat will participate in the trial alongside MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank. The project is part of Japan’s FSA backed Payment Innovation Project…

Ethereum price fell 2.4% from $1,918 to an intraday low of $1,872 as traders sold the initial U.S. inflation reaction, leaving ETH below $1,900 and testing a key daily support zone. Summary Ethereum price dropped 2.4% to $1,872 after its post-CPI advance stalled below resistance. $1,875 is the immediate support, while 4-hour momentum remains tilted toward sellers. Liquidation liquidity is concentrated near $1,945–$1,955, creating a possible upside price magnet. A break below $1,850 could expose $1,835, followed by the broader $1,750 support level. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded near $1,879 at the…

Metaplanet launched a continuous bond issuance program called BitBonds on Aug. 13 and completed its first four private placements, raising about 200 million yen, or roughly $1.3 million.  Summary Metaplanet launched BitBonds after completing four private bond sales totaling approximately 200 million yen Thursday. The unsecured senior bonds mature in roughly three years and pay annual interest between 4%–4.3%. Metaplanet Securities distributed the bonds to eligible individuals and companies under Japan’s private placement regime. Future BitBond issuance will depend on funding needs, market conditions and investor demand, Metaplanet said. Metaplanet still holds 43,000 Bitcoin after CEO Simon Gerovich denied selling…

Hyperliquid opened access to its Foundation operated low latency data infrastructure to qualified third party infrastructure providers on Aug. 12, creating a cheaper route for trading firms and developers that previously faced demanding direct access requirements.  Summary Hyperliquid opened Foundation low-latency node access to qualified infrastructure providers under a standardized pricing model. Provider pricing is currently indicated below $1,000 monthly, covering computing resources and outbound network traffic. Qualified providers need one year operating history, 100 customers, five networks, and 99.9% availability levels. Direct Foundation access previously required staking 10,000 HYPE and Tier 1 maker rebate qualification status. Providers may not…

Bitcoin traded near $63,800 early Thursday, Aug. 13, as crypto markets struggled to build momentum from a U.S. inflation report that came largely in line with expectations. Summary Bitcoin traded near $63,800 as July inflation matched forecasts and failed to ignite fresh momentum. Hyperliquid led large-cap gains, while Velvet topped CoinMarketCap’s top-100 movers with a 23.76% surge Thursday. Bitcoin ETFs posted $61.1 million in outflows, while Ether ETFs attracted $7.4 million of inflows. July consumer prices rose 0.1% monthly and 3.4% annually, matching economists’ expectations for headline inflation. U.S. producer prices arrive Thursday before Jackson Hole, September jobs data, inflation,…

Four consecutive weeks of sales. A $102 million realized loss. An $8.2 billion quarterly write down. The company that made corporate Bitcoin treasuries a category is quietly rewriting the playbook it created. Michael Saylor built his reputation on a single trade. In August 2020, MicroStrategy announced that it had converted $250 million of its corporate treasury into Bitcoin, becoming the first publicly traded company to adopt the cryptocurrency as its primary reserve asset. Over the next five years, the company, which renamed itself Strategy in 2025, accumulated more than 843,000 BTC through a combination of operating cash flow, convertible note…

The Intercept and Freedom of the Press Foundation have sued President Donald Trump over a Truth Social service charging up to $100,000 monthly for faster access to posts that may move U.S. financial markets. Summary Truth API subscriptions reportedly cost $60,000 to $100,000 per month. More than 10 customers, mainly high-frequency trading firms, have signed agreements. The lawsuit alleges violations of the First and Fifth Amendments. Trump’s revocable trust holds about 41% of Trump Media, a Nasdaq-listed company. Truth Social lawsuit targets preferential access The Intercept and Freedom of the Press Foundation filed the complaint Wednesday in the U.S. District…

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. Summary HashKey has joined HKDAP Beta Access as an authorized distribution partner. Eligible institutions and professional investors can access HKDAP through HashKey and supported channels. HashKey has completed its first HKDAP minting and redemption transaction with eligible clients. Anchorpoint plans to test HKDAP in payments, settlement, and tokenized finance. HashKey opens HKDAP access to eligible investors According to an Aug. 12 announcement from HashKey Exchange…