Project Progress

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BIP 360 Testnet Goes Live, 50 Miners Join Quantum-Resistant Bitcoin Test Mining

BTQ Technologies announced the successful deployment of BIP 360 on the Bitcoin Quantum Testnet, addressing quantum vulnerabilities in Taproot by using a new output type P2MR to prevent public key exposure. The testnet has attracted 50 miners and features complete validation capabilities. While quantum threats currently have limited impact on Bitcoin's overall security, approximately 7 million bitcoins are within the risk range. BIP 360 is still in draft stage and requires careful review before mainnet implementation.
BTC3.86%
MarketWhisper·03-24 06:42
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8 Years of Cross-Chain Journey Comes to an End, Taiwan NFT Pioneer Lootex Shuts Down on April 4

Taiwan multi-chain NFT trading platform Lootex announced that it will cease all services on April 4 and provide users with asset security guidance. The platform founder thanked all supporters and stated that the decision to exit was made proactively due to changes in the NFT market environment. Users' NFTs remain safely stored in personal wallets, and it is recommended to check and revoke authorizations. The platform's native token $LOOT can still be traded on Gate exchange.
ETH7.46%
BNB5.03%
MNT5.82%
MarketWhisper·03-24 06:32
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Balancer Gradually Ceasing Operations! Earned Zero Revenue After Million Dollar Hack, Facing Legal Risks

DeFi protocol Balancer is gradually shutting down operations following a million hack, citing lack of sustainable revenue and legal risks. The future will be maintained by the DAO. Founders will exit, and the restructuring plan will halt token issuance, highlighting the challenges of the old model.
BAL5.86%
ETH7.46%
AVAX1.49%
ARB3.77%
CryptoCity·03-24 06:21

Balancer Advances Zero Issuance and $3.6M Buyback, LP Yields Boosted to 75% Reshaping DeFi Model

Balancer proposed two governance proposals to eliminate the token issuance mechanism and reshape the economic model, increasing liquidity provider fees to 75% and repurchasing and burning BAL tokens worth $3.6 million. The move aims to reduce reliance on token incentives and shift toward real yield. It also launched a $500,000 compensation plan to balance interests, while consolidating resources to focus on core products, demonstrating a transition from a high-inflation model to a DeFi structure centered on cash flow.
BAL5.86%
GateNews·03-24 05:57

TRON Invests $1 Billion to Layout AI Track, Focusing on Four Major Directions Including Agent Economy, Stablecoin Payments, and RWA

TRON DAO announced that it is expanding its artificial intelligence fund to $1 billion, focusing on the development of infrastructure for the agent economy, such as identity systems and payment networks. TRON emphasizes high-frequency payment capabilities to seize market opportunities. As the infrastructure becomes more complete, the integration of artificial intelligence and blockchain will accelerate, and the agent economy is expected to become a significant growth point.
TRX0.58%
GateNews·03-24 05:51

Balancer Labs Announces Dissolution Following Hack, DeFi Protocol Reorganized Under DAO Management

The development company behind DeFi protocol Balancer, Balancer Labs, has announced its closure due to reasons including imbalanced financial structure and legal risks. Despite the shutdown, the protocol will continue to be operated by the Balancer Foundation and DAO. Recent security vulnerability attacks have caused its TVL to drop from a peak of $3.3 billion to approximately $158 million, a decline of over 95%. The future will involve redesigning the token economic model and operational architecture to promote sustainable development of the protocol.
BAL5.86%
MarketWhisper·03-24 03:44
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Ethereum Core Developers to Decide Whether to Include EIP-8141 in Hegota Upgrade on March 26

On March 24, Ethereum Foundation researcher ladislaus.eth posted that Ethereum core developers will decide on March 26 whether to include EIP-8141. This proposal aims to decouple accounts from signature schemes, providing a migration path for post-quantum-safe signatures. If execution layer transactions remain dependent on ECDSA, it will result in incomplete migration.
ETH7.46%
GateNews·03-24 03:21