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BitMEX Research proposes a new mechanism to mitigate the impact of quantum computing-related Bitcoin freezes.

According to official sources, BitMEX Research has published a new research article proposing a soft fork mechanism as an alternative to "direct freeze" to address the risk of future quantum computers potentially cracking elliptic curve signatures. This mechanism aims to reduce controversy and increase flexibility. The proposal revolves around "quantum-fragile fund freezes," but suggests avoiding a direct freeze of all related assets without evidence. Instead, it recommends a verifiable conditional triggering mechanism to gradually implement security strategies. The core of the proposal is the establishment of a "signal vault" containing special addresses generated using "no surprises" to prove that no one possesses their private keys. Passive spending at this address would be considered on-chain evidence of the real existence of quantum computing capabilities, immediately triggering a full freeze on quantum-fragile assets. Simultaneously, this fund could attract funds through a multi-signature structure as a "quantum bounty" to incentivize potential attackers to expose their capabilities. The article also mentions that the BIP-361 proposal already promotes a phased ban on the old signature system and ultimately freezes risky assets, but this approach is controversial due to its involvement of "forced freezes." The newly proposed “signal-triggered + security window” mechanism aims to replace the fixed-time freeze path, while retaining Bitcoin’s censorship resistance and reducing potential systemic shocks. However, it also brings the issue of balancing complexity and execution risk.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-07 22:49Important

Bloomberg: Quantum computing puts approximately 34% of the existing Bitcoin supply at risk of being hacked.

PANews reported on July 7th, citing Bloomberg, that quantum computing is considered a new threat that could potentially crack the cryptographic algorithms of crypto assets such as Bitcoin. Quantum computers are expected to far surpass traditional computers in decrypting complex mathematical problems, and theoretically, could deduce private keys from public keys, thereby stealing on-chain assets. Wallets with early address formats and those that reuse addresses are at the highest risk. Galaxy Digital estimates that approximately 34% of circulating Bitcoin, worth about $470 billion, may become targets for future quantum attacks. Coinbase has established an advisory committee, and Strategy, where Michael Saylor works, has also launched a related risk project.

07-07 12:02

The National Development and Reform Commission disclosed five key work plans for the artificial intelligence industry during the 15th Five-Year Plan period, emphasizing the strengthening of key technologies such as models, computing power, and data.

According to Mars Finance, at a press conference held by the Shanghai Municipal Government on July 7, Wang Ruomeng, Deputy Director of the Innovation and High-Tech Development Department of the National Development and Reform Commission, disclosed the working plan for my country's artificial intelligence industry during the 15th Five-Year Plan period: First, accelerate independent innovation. Strengthen research on key technologies such as models, computing power, and data; increase basic research; generate more original achievements; and contribute Chinese wisdom to the global development of artificial intelligence. Second, strengthen application-driven development. Focus on areas with significant economic contributions, high strategic value, and good social benefits; open up a number of high-value scenarios; and create a number of benchmark applications. At the same time, pay attention to the impact of artificial intelligence on employment, promote the creation of new jobs and empowerment of traditional jobs through artificial intelligence, and prioritize its application in "dangerous, dirty, tiring, and heavy" scenarios. Third, deepen ecological collaboration. Continuously promote deep adaptation of software and hardware, common prosperity of open and closed sources, integration of industry, academia, research, and application, and differentiated regional development to significantly improve the efficiency of ecological collaboration. Fourth, adhere to openness and win-win cooperation. Extensively carry out international cooperation in artificial intelligence, promote open-source and inclusive technology, support the Global South in strengthening artificial intelligence capacity building, and actively participate in international governance in the field of artificial intelligence. Fifth, ensure safety and controllability. We must coordinate development and security, accelerate legislation in the field of artificial intelligence, improve the system of rules and regulations, prevent risks such as data misuse, deepfakes, and privacy breaches, and ensure that the development of artificial intelligence is for human use and under human control. (Cailian Press)

07-06 18:39

Binance Research: Over 700 Binance equity products have been traded, with 71% of holdings allocated to the technology sector.

According to ChainCatcher, Binance Research's monthly market insights show that over 700 of the approximately 7,000 stocks and ETFs tradable on Binance have already seen trading activity, indicating initial user participation in equity products. The report states that about 71% of Binance equity holdings are allocated to the technology sector, with approximately 48% of funds flowing into semiconductors, a category with trading volume about 23 times that of other categories. In terms of thematic fund flows, Binance equity holders' allocations are relatively diversified, with 25% flowing into AI infrastructure and computing power, 22% into quantum computing, and relatively higher allocations to cutting-edge themes such as space and satellites, robotics and humanoid robots. Meanwhile, broader ETF fund flows are primarily concentrated in semiconductors and AI storage. Furthermore, the report shows that at the portfolio level, 41% of Binance equity holders' holdings are allocated to crypto assets, 37% to stablecoins, and 22% to stocks.

07-05 12:45

DeFi researcher Ignas: He is bullish on ETH if the Ethereum Foundation delivers the "simplified roadmap" on time; however, delays coupled with a bear market could be bearish.

According to Foresight News , DeFi researcher Ignas commented on Vitalik Buterin's previously released "simplified Ethereum" roadmap, stating, "If the Ethereum Foundation can deliver on time, I'm bullish on ETH. The roadmap is very attractive because it addresses most of the key demands raised by the community, including L1 reclaiming execution control from L2, privacy protection, quantum resistance, and second-level finality, but the issue of tokenomics remains unaddressed." It also pointed out that the most anticipated part of the roadmap will be implemented after 2028, with the final goal set for 2029. If the Ethereum Foundation (EF) delivery schedule is delayed and the bear market continues, it may negatively impact the price of ETH, as competing projects such as Tempo and Canton are posing a challenge to Ethereum in the areas of real-world assets (RWA) and institutional adoption.

07-03 08:28

CITIC Securities: The main theme of domestic computing power is clear; leading companies' performance is expected to accelerate.

According to a research report by CITIC Securities, as reported by Mars Finance, the capabilities of domestic computing power systems have evolved from inference to training. With the official release of DeepSeek V4 in mid-July, a "peak-valley pricing" mechanism will be introduced, doubling the price of API calls during peak periods, further intensifying the supply constraints of domestic computing power. We believe that the clarity of domestic computing power orders has significantly improved at this stage, and design companies with priority in customer order and capacity allocation are expected to benefit first. We remain optimistic about the domestic computing power industry chain, anticipating significant growth opportunities for everything from scarce advanced process capabilities to a thriving design sector and supernodes. Meanwhile, advanced processes, advanced packaging, advanced storage, and related supply chains are expected to experience strong growth momentum. (Cailian Press)

07-01 19:51Important

Samsung Electronics introduces quantum computing into semiconductor manufacturing processes

According to a report by mainstream financial media SEDaily on July 1st, BlockBeats reports that Samsung Electronics is developing technology to simulate the core photolithography process in semiconductor manufacturing using quantum computers. This project aims to leverage next-generation information technology to drive breakthrough improvements in semiconductor integration and yield. The project is being developed by Samsung SDS, a system integration subsidiary of the Samsung Group, and is scheduled to launch a proof-of-concept (PoC) in the second half of this year. It is understood that Samsung SDS is currently developing a quantum computer-based simulation algorithm that can virtually simulate certain processes in the photolithography process. Photolithography is a crucial step in creating intricate circuit patterns on a wafer using light, essentially creating a "sketch" before etching to form the actual circuit. Therefore, it is considered one of the core processes determining the quality, integration, and manufacturing yield of finished semiconductor products. Click the original link below to join the Beating · Lark AI news channel and monitor global AI hotspots and news 24/7.