Ethereum has decided to stop using its custom Poseidon hash function after eight years and significant investment, returning to conventional cryptographic standards like SHA and BLAKE2s. This shift is supported by Bitcoin pioneer Adam Back, who favors well-studied, reliable cryptographic algorithms over experimental ones. Advances in binary-field mathematics have made traditional hashes more efficient for zero-knowledge systems, removing the need for custom solutions. Ethereum plans to complete this post-quantum cryptography upgrade by 2028, starting with the LeanVM virtual machine launch in 2027.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $62,782, slightly down by 0.5%. Ethereum and Binance Coin also show minor declines. Meanwhile, tokens like OKB and SHIB experience notable gains of 5.4% and 4.1%, respec...
Morgan Stanley increased its holdings in BlackRock's spot Bitcoin ETF by 23% to about 16.5 million shares during Q2, despite Bitcoin's price decline lowering the position's value to $549 million. The bank also expanded its exposure to Ether and Solan...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading near $63,138, slightly down by 0.5%, and Ethereum showing a small gain of 0.2%. Several altcoins like OKB and SHIB have notable increases, while others such as UNI and INJ face declin...
Binance will stop all deposits and withdrawals involving HTX and ten other platforms starting August 23, 2026, due to sanctions related to HTX's founder Justin Sun and ties to Russia. This move has already reduced liquidity in HTX's ETH trading book,...
Ripple recently minted an additional $50 million of its RLUSD stablecoin on the Ethereum blockchain, pushing the total supply close to an internal record and nearly matching the amount on its native XRP Ledger. This shift highlights growing capital f...
