ChainCatcher News: Chinese scientists have launched the world's first effective attack on a widely used encryption method using a quantum computer. Researchers stated that this breakthrough poses a "real and significant threat" to the cryptographic protection mechanisms long used by critical sectors, including banking and the military.Although the progress of general quantum computing has been slow and currently poses no threat to modern cryptography, scientists have been exploring various attack methods using specialized quantum computers.In the latest work led by Wang Chao at Shanghai University, the team reported that they successfully cracked encryption algorithms using a quantum computer produced by Canada's D-Wave Systems. Leveraging D-Wave's advantages, they successfully attacked the Present, Gift-64, and Rectangle algorithms, all of which are representatives of the SPN (Substitution-Permutation Network) structure, a part of the widely used Advanced Encryption Standard (AES) in military and financial applications. For example, AES-256 is considered the best available encryption and is often referred to as military-grade encryption.

ChainCatcher news, the full-chain data network Chainbase announced the open-source of its large language model Theia-Llama-3.1-8B specifically designed for the cryptocurrency field on HuggingFace.The Chainbase team has innovatively built the first professional Web3 dataset, which includes various information on the top 2000 projects from CoinMarketCap. The dataset has been manually and algorithmically filtered to ensure the accuracy, diversity, and professionalism of the training data. Based on this dataset, the team efficiently fine-tuned the model using LoRA technology and accelerated the training process with tools like DeepSpeed. The model has been quantized to the Q8 GGUF format, significantly reducing memory usage and improving inference speed.It is reported that Theia-Llama-3.1-8B is Chainbase's initial attempt at a large model in the cryptocurrency field, and this model has been successfully applied in Chainbase's DEMO interactive application TheiaChat, which currently has over 300,000 daily active users.

ChainCatcher news, according to CoinGecko statistics, the settlement amount between cryptocurrency companies and U.S. regulators has reached 32 billion dollars so far, with the largest amount being FTX and Alameda, with a settlement amount of 12.7 billion dollars, followed by Celcius (4.7 billion dollars), Terraform Labs (4.5 billion dollars), and Binance (4.3 billion dollars).

ChainCatcher news reports that, according to official sources, the fully homomorphic encryption network Mind Network has announced the completion of a $10 million Pre-A funding round, with major investors including Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, and IBC Group. This funding round also attracted participation from well-known angel investors, including Ether.fi CEO Mike Silagadze, as well as prominent figures in the crypto space such as Mario Nawfal, Mr. Block, and Kyle Chassé. Following this funding, Mind Network plans to expand its business by integrating more staking protocols and continue to release supporting infrastructure. Users holding staked assets from partner agreements can redeem vFHE on Mind Network and participate in FHE voting.It is reported that Mind Network is a fully homomorphic encryption (FHE) layer for AI and POS networks. This layer accepts re-staked tokens from ETH, BTC, and AI blue-chip tokens and operates as an FHE verification network, providing consensus, data, and cryptoeconomic security for decentralized AI, DePIN, EigenLayer, Symbiotic, and Babylon AVS among other POS networks. Mind Network has previously received support from Binance Labs, Hashkey, Big Brain, and Chainlink, and has been funded by the Ethereum Foundation for its FHE research on Ethereum.

ChainCatcher news, according to DL News citing PitchBook data, cryptocurrency startups raised a total of $2.7 billion in Q2, with 503 deals. Compared to the previous quarter, the funding amount increased by 2.5%, but the number of deals decreased by 12.5%.PitchBook stated that as investor sentiment improves, the number and pace of investments are expected to continue to grow throughout the year.

ChainCatcher news, the Ethereum privacy protocol Data Ownership Protocol (DOP) announced on X that its mainnet will launch on August 5 on Polygon, and it will also introduce the NFT Encryptions feature.Previous news, Data Ownership Protocol announced on the X platform that the mainnet test version is now live, allowing cryptocurrency users to experience DOP technology on the Ethereum blockchain. It is reported that the protocol mainly provides encryption, sending, decryption, and staking functions to protect user data privacy.

ChainCatcher news, Paul Brigner, founder of the crypto advocacy platform Pretty Good Policy for Crypto (PGP), announced that he has joined Coinbase as the head of the Coinbase Institute. Brigner will work under the leadership of Coinbase's Chief Policy Officer Faryar Shirzad, while still continuing to lead certain operations at PGP. Brigner has also joined the board of the Bootstrap project at Electric Coin Co, where he previously served as Vice President of Strategic Alliances and Head of Policy and Strategic Advocacy.The Coinbase Institute was established in May 2022 as a think tank that collaborates with scholars, legislators, and other leaders to expand research on cryptocurrency.