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Even the documented formal challenges span three centuries. Researchers throughout history have tried frequency analysis (counting how often letters appear and inferring their correspondences), substitution ciphers, and homophonic substitution ciphers (where the same letter may correspond to several different symbols), but none of these methods worked.
5.3.27.38.32.14.21.8.66.8.70.39.5.9.12.18.2.3.56.5.1.7.3.2.13.19.3.25.9.3.16.6.
25.15.13.6.11.20.5.1.2.12.1.20.20.49.20.20.35.33.4.6.8.35.5.33.5.5.18.10.3.11.32.42.
However, AI evaluation company Vals AI recently stated in an official blog post
More than three centuries ago, Scottish nobleman Thomas Urquhart left two lines of cipher at the end of his book 《Logopandecteision》, published in 1653. Known as the Cyphral Distich, they consist of 32 digits each, 64 digits in total.
The puzzle was listed as an open mystery by the academic journal 《Notes and Queries》 in 1899, and was mentioned several times in 20th-century cryptography literature. Later, cryptohistory researcher Klaus Schmeh included it on his list of the “50 Greatest Unsolved Ciphers.” It is a familiar old chestnut among insiders.
Vals AI said Anthropic’s Claude Fable 5.1 spent just 44 minutes and 176k tokens solving a cipher that had remained unsolved for 373 years, revealing a prayer pledging allegiance to Charles II.
Ethereum ETFs saw nearly $200 million in net inflows over four days, but ETH remains range-bound around $2,500, reflecting that fund subscriptions are not the only short-term price determinant.
First, ETF fund flows represent the net amount after fund shares are subscribed and redeemed, and do not mean that all the capital directly enters public spot order books at the same minute. Second, Ethereum remains affected by overall market liquidity, derivatives positioning, and macro risk appetite.
In addition, BTC currently has a market capitalization of approximately $1.56 trillion, with liquidity
ETH-3.94%
BTC-2.66%
Although Bitcoin remains significantly below last year’s all-time high, the global population of crypto asset holders continues to expand. Henley & Partners’ newly released Crypto Wealth Report 2026 estimates that there are currently approximately 135,694 “crypto millionaires” worldwide holding at least $1 million in crypto assets, including 92,272 Bitcoin millionaires alone; the global cryptocurrency-holder population has further increased to approximately 742 million.
Bitcoin’s decline continued, with its price briefly approaching $77k during Asian trading on September 11 and dipping as low as approximately $76,700 intraday. Strangely, as the price fell, on-chain holders did not engage in corresponding large-scale panic selling. What the market may actually be lacking right now is buyers willing to enter the market proactively.
Glassnode’s latest The Week On-chain report showed that Bitcoin’s seven-day average Sell-Side Risk Ratio had fallen to approximately 7 basis points per day, less than half the roughly 16 basis points recorded at the market peak in Au
BTC-2.54%
Argentina and Venezuela have experienced high inflation and local currency depreciation for many years, and the U.S. dollar has always been recognized by local residents as a safe-haven asset. But for a long time, capital controls and weak banking infrastructure have kept access to dollars restricted and tightly regulated, while the costs of exchanging and transferring them have been too high for ordinary people to afford. Stablecoins happen to bypass all these obstacles perfectly: dollar-pegged tokens on a phone require no institutional approval, do not stop operating at 3 p.m., and do not re
Capital flows into U.S. cryptocurrency spot ETFs continue to recover. The latest data shows that spot Bitcoin and Ethereum ETFs have recorded net inflows for the third consecutive week, with Bitcoin ETFs attracting more than $3.8 billion over the past three weeks, reflecting renewed institutional investor allocations to crypto assets.
According to SoSoValue data, in the week ending September 4, U.S. spot Bitcoin ETFs recorded approximately $987 million in net inflows, up from $925 million the previous week, marking the third consecutive week of positive flows. Including the approximately $1.92
ETH-3.94%
QuFi launches a post-quantum encryption verification platform, separating “verification” from “settlement”; Bitcoin testnet uBTC has been executed in practice, with three NIST standards safeguarding crypto assets.
Sold Bitcoin at $60k and bought it back at $80k, Strategy CEO Phong Le responded in an exclusive Bloomberg TV interview: “It was the right trade at the time.”
Le’s response was direct: “Selling Bitcoin at the time to pay part of the Stretch preferred stock dividend was the right trade.” He added, “Now is the time to sell MSTR shares above fair value to buy Bitcoin.”
The core message of the Bloomberg TV interview was that Strategy’s trading decisions are based on “capital costs,” not Bitcoin price forecasts.
MSTR-3.13%
In this token launch, Jeffrey Huang did not reserve any TAIWAN COIN for himself or his team. On-chain data shows that after 1 billion tokens were minted, all of them were transferred at once to the liquidity pool contract. Jeffrey Huang’s personal wallet did not hold any TAIWAN COIN, and no other token transfer records were subsequently found on-chain. Huang’s wallet also did not receive any TSM.
TSM-1.43%
Taiwan stocks surged more than 3,008 points in August, marking a rarely seen strong performance in historical terms. Analysts pointed out that the market’s short-term gains have been substantial, with profit-taking pressure rising accordingly. After entering September, the Federal Reserve’s interest-rate policy remains the market’s biggest variable. If expectations of rate hikes continue to intensify, they could further affect U.S. Treasury yields, the dollar’s movement, and technology stock valuations, potentially increasing volatility at high levels for Taiwan stocks.
A weaker US dollar makes dollar-denominated commodities cheaper for holders of other currencies.
Gold prices climbed earlier this week to their highest level since mid-May, with the rally driven by renewed market concerns over a depreciation of the US dollar. The US Treasury announced last week that it would expand the scale of buybacks of older long-term bonds, deepening concerns that the dollar’s value could be diluted.
Late on August 24, Bitcoin (BTC), the cryptocurrency with the largest market capitalization, extended its recent strong rally, briefly surging to the historic $80,000 mark; meanwhile, Ethereum (ETH) also followed the broader market trend, firmly holding above the $2,500 round-number support level.
$378 million in liquidations across the crypto market, more than 85k traders wiped out
This sudden sharp rally caught many investors who had shorted at lower levels or held excessively crowded futures positions off guard, triggering another wave of cascading liquidations.
BTC-2.51%
ETH-3.67%
The Ethereum-to-Bitcoin ratio has rebounded 25% from its June 6 low and recently formed a “golden cross” (the 50-day moving average crossing above the 200-day moving average). But the historical track record of this signal is mixed: it surged 93% after the 2021 cross, became a trap twice in 2022, and after the July 2025 cross, it first rose 36% before reversing and plunging. Can this cross be trusted?
ETH-3.71%
Brian Armstrong, CEO of U.S.-listed cryptocurrency exchange Coinbase, said in a recent interview with Fox Business that he optimistically predicts Bitcoin is “very likely” to reach $300k to $400k by 2030.
Armstrong pointed out that after roughly a year of consolidation during the bear market, the Bitcoin spot market is now quite close to the average correction cycle of 370 to 380 days seen in previous bear markets. The market generally expects the bear market to be nearing its end, with a new bull market about to begin.
In addition, historical data shows that Bitcoin’s performance in the fourt
COIN-6.52%
The U.S. Treasury’s announcement of increased buybacks of long-term government bonds gave yields only one day of relief; on Thursday, the 30-year Treasury yield rebounded to 5.25%, the 10-year yield rose to 4.704%, oil prices climbed in tandem, and the Dow plunged more than 700 points at the close.
Elon Musk’s space exploration technology company SpaceX is about to face another wave of insider share-sale lockup expirations, but its share price is not under pressure; instead, it has strengthened as the market grows optimistic about future Token demand.
According to reports from Barron’s and MarketWatch, a team led by UBS analyst John Hodulik said that SpaceX’s future share-price performance may “continue to depend on Token demand.” Token is the basic unit used in AI data processing. The team is bullish on the “advantages” brought by SpaceX’s latest cutting-edge AI models, as well as the c
SPCX-3.07%
The U.S. Treasury announced that it would double the size of its long-term Treasury buybacks and raise the per-operation cap to at least $4 billion, prompting yields to retreat; but a breakdown of the fund flows shows that this is actually a debt swap exchanging short-term debt for long-term debt. The Federal Reserve’s balance sheet has not expanded, so this is not genuine quantitative easing (QE).
The U.S. Treasury took action last night (19th), announcing that it would directly double the size of its long-term Treasury buyback operations. Following the announcement, the 30-year Treasury yiel
Data shows that Machi Big Brother opened another long position of approximately 1,790 ETH at an average price of $1,889.9 on August 17, with a single-position notional value of $3.39 million. Compared with the position of just 2,500 ETH held on August 14, the long position surged by approximately 71.6% within three days, bringing the overall average entry cost to $1,894.8.
Although, as of the latest snapshot, Ethereum’s mark price was approximately $1,905.2, resulting in an unrealized profit of about $44.7k (a return of approximately 13.72%), the account has extremely low risk tolerance due to
ETH-3.67%