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Members of the crypto advocacy organization Stand With Crypto have written to the U.S. Senate Banking Committee, urging the protection of decentralized finance development in the advancement of crypto legislation and the retention of provisions that allow trading platforms to offer stablecoin yields.The letter points out that a clear and fair regulatory framework should be established while avoiding the undermining of innovative financial technologies. The current legislative controversy mainly focuses on stablecoin yields and DeFi regulation, with the banking industry concerned that yield mechanisms will divert traditional deposits, while the crypto industry argues that restricting yields will stifle innovation. Additionally, the letter emphasizes the need to retain provisions related to blockchain regulatory certainty legislation, clarifying that developers who do not control user funds are not considered money transmitters. Relevant legislation is still being advanced in the Senate Banking Committee.

According to Fortune, crypto accounting startup Cryptio announced the completion of a $45 million Series B funding round, led by BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, and Ledger Cathay Capital.Cryptio provides enterprises with digital asset tracking, crypto loan management, and blockchain asset monitoring software. It currently has 110 employees and over 450 clients, including stablecoin issuer Circle and the blockchain subsidiary of Société Générale.

Galaxy Research's research director Alex Thorn posted on the X platform that the White House has released the U.S. cyber strategy document titled "President Trump's Cyber Strategy for America." This strategy consists of 7 pages and 6 main pillars, emphasizing cyber offense and deterrence, but it is relatively limited in specific implementation details. For the first time, the document explicitly mentions cryptocurrency and blockchain technology in the U.S. cybersecurity strategy, proposing the need for "protection and security assurance" for these technologies, which were not mentioned in the national cybersecurity strategy released by Joe Biden in 2023.However, the strategy also proposes to "eradicate criminal infrastructure and cut off financial exit routes," along with a new executive order to combat transnational cybercrime. Analysts believe this statement may provide a policy basis for regulators to strengthen their crackdown on mixers, privacy coins, and unregulated deposit and withdrawal channels. Additionally, the strategy suggests expanding the authority for offensive cyber operations and plans to mobilize the private sector to combat hostile networks while promoting AI-driven automated cyber defense systems. The accompanying executive order will also establish new operational units within the national coordination center to coordinate law enforcement against transnational cybercrime groups.

Quantum computing company PsiQuantum has launched the construction of a million-qubit quantum computing facility in Chicago. PsiQuantum co-founder Peter Shadbolt shared photos from the construction site on the X platform on Thursday, stating that 500 tons of steel have been erected in six days.The company previously announced in September that it had raised $1 billion to build the facility, in collaboration with chip manufacturer Nvidia, aiming to make quantum computing commercially viable to support the next generation of AI supercomputers. Scientists say that the computational power of a million qubits is equivalent to that of hundreds of billions of ordinary computers, enough to crack Bitcoin's encryption technology. Bitcoin developers are currently discussing whether to take immediate action against quantum threats through a hard fork.A preprint scientific paper released last month suggests that breaking a 2048-bit key would require about 100,000 qubits, while Bitcoin encryption uses a 256-bit key. The largest quantum computer currently comes from the California Institute of Technology, with a scale of 6,100 qubits. PsiQuantum co-founder Terry Rudolph stated in July that the company has no plans to use quantum computers to derive private keys from public keys.Research by crypto asset management firm CoinShares in February of this year pointed out that only 10,230 Bitcoins are simultaneously vulnerable to quantum threats, with wallet addresses' encryption keys publicly visible, amounting to approximately $728 million at current market prices.

According to market news, the U.S. Department of Justice has issued a statement indicating that three Silicon Valley engineers, including Samaneh Ghandali, have been charged with stealing sensitive mobile processor and encryption file secrets from Google and two other companies.According to the indictment, while employed at Google, Samaneh Ghandali allegedly transferred hundreds of files to a third-party communication platform. These stolen materials involved processor security and encryption technology, which were subsequently copied to personal devices and office equipment of other companies where the defendants were employed. Prosecutors allege that the defendants attempted to cover up their actions by deleting files, destroying electronic records, and submitting false affidavits to the victim companies. Currently, all three defendants are charged with conspiracy, theft of trade secrets, and obstruction of justice, with the obstruction of justice charge carrying a maximum sentence of 20 years in prison.

According to Financialit, the European "crypto-as-a-service" platform CheckSig announced the completion of a €3.5 million Series A funding round at a valuation of €33.5 million. To date, its total funding has reached €6.2 million. The company has obtained a MiCAR license this year and offers crypto custody, crypto trading, and cryptocurrency tax withholding services, aiming to provide secure and transparent cryptocurrency services for individual and institutional investors.

According to SoSoValue data, the cryptocurrency market sector has declined for two consecutive days, with the DePIN sector leading the drop at 4.22% over the past 24 hours. Within this sector, Filecoin (FIL) fell by 8.55%, and Golem (GLM) dropped by 10.07%. Additionally, Bitcoin (BTC) decreased by 0.74%, falling to just above $95,000, while Ethereum (ETH) remained relatively stable, down 0.21%, still hovering around $3,300.In other sectors, the CeFi sector declined by 0.37% over the past 24 hours, but NEXO (NEXO) rose by 1.13%; the Layer1 sector fell by 1.32%, with TRON (TRX) surging 2.30% during the day; the PayFi sector decreased by 2.11%, while Dash (DASH) rose against the trend by 3.50%; the Layer2 sector dropped by 2.52%, with Mantle (MNT) increasing by 0.99%; the DeFi sector fell by 2.59%, but River (RIVER) still surged by 8.12%; the Meme sector decreased by 2.93%, while MemeCore (M) rose by 1.65%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiDePIN, and ssiSocialFi indices fell by 4.53%, 4.26%, and 3.20%, respectively.

According to SoSoValue data, the overall cryptocurrency market shows a moderate upward trend, with the SocialFi sector rising 3.28% in the last 24 hours, marking two consecutive days of gains. Among them, Toncoin (TON) rose again by 2.99%, and Chiliz (CHZ) surged by 8.14%. Additionally, Bitcoin (BTC) increased by 1.63%, breaking through $88,000; Ethereum (ETH) rose by 1.54%, maintaining a narrow fluctuation around the $2,900 mark.In other sectors, the Layer1 sector rose 1.39% in the last 24 hours, with Canton Network (CC) significantly increasing by 19.46%; the PayFi sector rose by 1.30%, with Verge (XVG) up by 9.21%; the CeFi sector increased by 1.09%, with FTX (FTT) rising by 3.60%; the Meme sector rose by 0.60%, with Pump.fun (PUMP) up by 5.72%.Furthermore, the Layer2 sector fell by 0.63%, but Merlin Chain (MERL) rose by 3.94%; the DeFi sector decreased by 0.92%, while Kamino (KMNO) went against the trend, rising by 10.39%.The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiLayer1, and ssiPayFi indices rose by 3.50%, 1.52%, and 1.39%, respectively.

Cryptocurrency tracking company Elliptic's latest analysis shows that the Chinese-dominated crypto black market ecosystem on Telegram has reached an all-time high. Some platforms built on Telegram facilitate nearly $2 billion in money laundering and fraud-related transactions each month, including money laundering services, stolen data, fake investment websites, AI deepfake tools, and human trafficking.Researchers point out that these markets have surpassed dark web platforms like AlphaBay and Hydra, becoming the largest illegal online crypto market in history.

Mind Network announces the launch of its encrypted A2A (Agent-to-Agent) payment solution x402z. This solution is a deep collaboration between FHE technology leader Mind Network and Zama, aimed at addressing the fundamental conflict between blockchain transparency and the strategic privacy needs of autonomous AI Agents. Mind Network CEO Christian Pusateri stated, "x402z is the key payment layer for HTTPZ (Zero Trust Internet Protocol), providing the necessary privacy protection for the Agent economy."x402z integrates Zama's production-grade Fully Homomorphic Encryption (FHE) technology stack with the ERC-7984 encrypted token standard, enabling "Blind Verification" of economic activities. Validators can confirm the compliance of transactions without accessing specific amounts, balances, or transaction intents. Zama CEO Rand Hindi remarked, "For AI to gain freedom, its computations must remain private. FHE grants them the right to think and trade in secret. x402z is the first step towards a privacy-centric autonomous economy."In response to the current issue of "excessive transparency" in blockchain leading to the leakage of strategies, cost structures, and IP of AI Agents, x402z provides the necessary privacy protection for the Agent economy, preventing Agents from losing their competitive edge due to data leaks. Additionally, through the x402 protocol, AI Agents can autonomously generate encrypted payment instructions and complete zero-trust settlements within Mind Network's FHE verification network. It is reported that Mind Network has already secured investments from well-known institutions such as Yzi Labs, HashKey, and Chainlink, and has simultaneously launched the x402z A2A Payment Alliance, aiming to unite leaders in AI and privacy to jointly build the privacy financial standards for the Agent economy era.

According to Decrypt, Cardano founder Charles Hoskinson warned that quantum-resistant encryption schemes have been standardized by the U.S. National Institute of Standards and Technology (NIST) in 2024. However, without hardware acceleration support, their computational costs and data scales will significantly reduce blockchain throughput, potentially resulting in about an order of magnitude performance loss.He pointed out that to assess whether the risks of quantum computing have reached a usable stage, more reference should be made to DARPA's quantum benchmarking program, which aims to evaluate the feasibility of practical quantum computing by 2033.

U.S. Senators Elissa Slotkin (Democrat) and Jerry Moran (Republican) introduced the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act (SAFE Act) this Monday. The bill aims to coordinate the actions of the U.S. Department of the Treasury, law enforcement agencies, regulatory bodies, and the private sector to combat cryptocurrency fraud and scams.Gabriel Shapiro, Chief Legal Officer of Delphi Labs, stated on the X platform that if the bill is effectively implemented, cryptocurrency fraudsters and scammers may feel panic. He pointed out that senior officials, including the U.S. Attorney General, the director of the Financial Crimes Enforcement Network (FinCEN), and the director of the U.S. Secret Service, will be involved in pursuing cryptocurrency criminals. The FBI reported that in 2024, Americans lost $9.3 billion due to cryptocurrency-related investment scams, a 66% increase from 2023.

According to SoSoValue data, the cryptocurrency market has generally declined, with a 24-hour drop of approximately 2% to 5%. Among them, the DePIN sector led the decline with a drop of 5.8%. Within this sector, Filecoin (FIL) fell by 6.29%, and Render (RENDER) dropped by 7.07%.In addition, Bitcoin (BTC) decreased by 3.19%, falling below $86,000, while Ethereum (ETH) dropped by 4.11%, falling below $3,000. In other sectors, the CeFi sector fell by 3.02% in 24 hours, with Aster (ASTER) dropping by 15.82%; the Layer1 sector declined by 3.34%, with Sui (SUI) down by 8.35%; the Layer2 sector saw a 24-hour drop of 4.03%, with SOON (SOON) decreasing by 11.09%; the Meme sector fell by 4.31%, while PIPPIN (PIPPIN) rose against the trend by 25.96%; the PayFi sector dropped by 4.81%, with Telcoin (TEL) down by 8.85%; the DeFi sector declined by 4.93%, but MYX Finance (MYX) surged by 9.96% during the session. The cryptocurrency sector indices reflecting historical performance show that the ssiAI, ssiDePIN, and ssiRWA indices fell by 7.05%, 6.8%, and 6.41%, respectively.

According to DL News, Pablo Sabbatella, founder of the Web3 auditing firm opsek and a member of the Security Alliance (SEAL), revealed at the Devconnect conference that North Korean infiltration is far beyond imagination, with 15% to 20% of crypto companies harboring North Korean infiltrators, and 30% to 40% of job applications potentially coming from North Korean agents attempting to infiltrate.Due to international sanctions, most North Korean agents cannot apply for jobs directly, so they are scouting for remote workers globally, particularly from developing countries like Ukraine and the Philippines as cover. They ask these workers to provide account credentials or allow them to remotely use their identities, with workers receiving 20% of the income while the agents take 80%. North Korean agents also recruit Americans as "front ends," posing as non-English speaking interviewees from China, implanting malware on the other party's computer to obtain U.S. IP addresses and bypass restrictions to access more content. Once hired, they are often retained long-term due to their diligent work and lack of complaints. They can be identified by asking their opinion on Kim Jong-un, as they are prohibited from speaking ill of him. Sabbatella stated that the cryptocurrency industry has poor operational security, making founders easy victims of social engineering and computers susceptible to malware.

According to The Block, Ethereum founder Vitalik showcased the privacy-preserving encryption tool "Kohaku" at Devcon, aimed at enhancing the privacy and security of the Ethereum ecosystem.Kohaku is an open-source initiative designed to improve on-chain privacy and security. It offers a modular framework composed of foundational components, allowing developers to build more secure, privacy-focused wallets without relying on centralized third parties. In the future, it may also expand to include network-level anonymity tools such as mixed networks and browser technologies driven by zero-knowledge (ZK) techniques. At the Ethereum CryptoPunk Conference, Vitalik emphasized that Ethereum is on a "privacy upgrade path," with the goal of providing "privacy and security that are truly applicable to the real world."

ChainCatcher news, according to Investing.com, quantum technology company BTQ Technologies Corp. (NASDAQ:BTQ) announced the successful demonstration of the first NIST-compliant post-quantum cryptographic signature verification on the Solana blockchain, addressing quantum security vulnerabilities while maintaining high network performance.BTQ CEO Olivier Roussy Newton stated that this demonstration represents a fundamental breakthrough in protecting blockchain infrastructure from quantum threats. The Federal Reserve had previously warned of the risks of "harvest now, decrypt later" attacks.

ChainCatcher news indicates that, according to SoSoValue data, the encrypted market has generally declined, with the DePIN sector leading the drop at 7.18% over the past 24 hours. Within this sector, Render (RENDER) fell by 7.05%, and Filecoin (FIL) dropped by 7.58%. Additionally, Bitcoin (BTC) decreased by 2.19%, falling below $109,000. Ethereum (ETH) declined by 2.14%, dropping below the $4,000 mark.In other sectors, the PayFi sector fell by 3.03% over the past 24 hours, with Monero (XMR) and Telcoin (TEL) down by 6.56% and 9.94%, respectively. The CeFi sector decreased by 3.08%, with Cronos (CRO) dropping by 8.03%. The Layer1 sector fell by 3.71%, with Sui (SUI) down by 7.62%. The Layer2 sector declined by 3.74%, but Zora (ZORA) rose against the trend by 18.68%. The DeFi sector dropped by 3.81%, with Aave (AAVE) down by 7.58%. The Meme sector fell by 4.43%, with Pump.fun (PUMP) decreasing by 11.13%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDePIN, ssiAI, and ssiGameFi indices fell by 6.14%, 5.69%, and 5.44%, respectively.