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Ostium announced the second phase of the compensation plan: providing two methods of payment in installments with USDC and equity conversion

Ostium has released a design update on the second phase of the compensation plan for liquidity providers (OLP). This plan offers two compensation mechanisms for users who have losses exceeding 1,000 USDC and have not opted for Convenience Allocation:Default Plan A (USDC Installment Payment): Funding sources include recovered and future recovered funds (distributed proportionally after deducting the first phase portion), a specific share of revenue from the Ostium protocol and Gateway (initially 50% of Ostium opening fees), and potential partner incentives or revenue sharing.Optional Plan B (Ostium Labs Equity Conversion): Users who meet securities regulation requirements can convert part of their unrecovered losses into Ostium Labs equity at the valuation of the next round of financing, with the same class of shares as the team, and a total holding percentage for participating users subject to a fully diluted cap.The second phase portal is scheduled to launch on October 30, and eligible users can proportionally claim the allocated funds from Plan A; if they choose equity conversion, the portion of losses converted to equity will no longer be eligible for subsequent installment payments under Plan A, thereby helping to accelerate the repayment process for the remaining unconverted funds.Ostium emphasizes that this compensation plan is voluntarily initiated by the official and does not guarantee the full recovery of lost funds; specific implementation details and parameter scales are still being refined.

first_img Dragonfly partner refutes the "bunker mode" and proposes a crypto recovery mode

Dragonfly Managing Partner Haseeb Qureshi posted on platform X, referring to the "obfuscation mode" warning proposed by Ethereum researcher Justin Drake as "crypto doomsday theory." He stated that migrating tokens to a new address is not a real solution under the threat of artificial intelligence potentially cracking cryptographic signatures. The "obfuscation mode" can only provide protection if investors do not transfer tokens out of the new address, and once other tokens are hacked and sold off in large quantities, these tokens will also become worthless.Qureshi then called for blockchain networks to take proactive protective measures and proposed the "crypto recovery mode" plan: a hash-based backup signature mechanism that users can map to their own addresses. If cryptographic signatures are cracked, validators can force the recovery of assets based on this. According to Glassnode data, there are currently 6.26 million Bitcoins stored in at-risk addresses, accounting for over 31% of the total Bitcoin supply. Among them, approximately 4.33 million are exposed due to address reuse, and another 1.94 million are exposed due to address format; about 1.8 million exposed Bitcoins are stored on exchanges, accounting for 57% of the total balance on exchanges.Previously, Ethereum researcher Justin Drake warned that the rapid advancement of artificial intelligence could crack the Elliptic Curve Digital Signature Algorithm (ECDSA) protecting crypto wallets sooner than expected. He cited a report from OpenAI regarding AI's mathematical advancements, stating that in the worst-case scenario, ECDSA could be compromised in "months rather than years," and advised users to gradually migrate funds to new wallets where the public key is not exposed.

Besant: Plans to seize approximately 1 billion USD in cryptocurrency assets this week, fully upgrading actions to isolate Iran

According to reports from American media, U.S. Treasury Secretary Scott Basset stated that the Trump administration is escalating its "maximum pressure" campaign against Iran to an "absolute isolation" action. In addition to financial sanctions, it will further restrict Iran's access to international markets, transportation networks, and financial resources through maritime blockades, restrictions on air transport, and cutting off land routes.Basset revealed during an interview at the Newsmax NPolicy summit held in Washington on Thursday that the U.S. government may seize approximately $1 billion in cryptocurrency assets this week, stating that authorities have located the relevant assets and are taking measures to isolate them. Basset also mentioned that the U.S. is cooperating with the United Arab Emirates and Oman, and coordinating with Pakistan and Turkey to attempt to cut off Iran's land transportation routes. He stated that the government's goal is to completely block Iran's oil exports and restrict international travel for Iranian officials and individuals associated with the regime. Currently, reports have not disclosed the specific cryptocurrencies, wallet addresses, executing agencies, and legal basis involved in this cryptocurrency asset seizure action, and it is also unclear whether the related actions have been officially implemented.

first_img Zcash developer program supports quantum-resistant signatures in January, initial protection for transparent transactions

The Zcash development team plans to add post-quantum signature support to the network in January. Zakura engineer Roman Akhtariev stated in an engineering blog that the team plans to implement post-quantum signature opcodes in Zcash in January. These opcodes will enable Zcash to verify hash-based signatures, thereby resisting quantum computing attacks. The team has not yet confirmed a specific network activation date. This upgrade aims to prevent attackers from using current public keys to reverse-engineer and forge payment authorizations from wallet owners.The initial phase of this upgrade will protect transparent transactions. Zcash has two payment methods: shielded payments hide the sender, receiver, and amount; transparent payments are similar to Bitcoin, where addresses and amounts are visible on the chain. According to CoinDesk, based on ZecStats data, approximately 11.96 million of the 16.98 million issued ZEC are stored in the transparent pool, accounting for about 70%. The January plan primarily targets this public portion. Additionally, Zakura has developed a private query tool that allows wallets to check balances without exposing associated addresses to the server; the experimental version is available in the "Private queries" settings of the Zcash wallet Vizor.Before the release of Zakura's engineering article, Ethereum researcher Justin Drake warned holders on Thursday to prepare for what he called "bunker mode," stating that in the worst-case scenario, AI could find shortcuts to break the mathematical protections of Bitcoin and Ethereum wallets in "months rather than years."
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