proof

At the "Build and Scale in 2026" themed forum held by ChainCatcher in Hong Kong, Michael, co-founder & CEO of the ZK verifiable computing platform Brevis, delivered a keynote speech on "The Infinite Computing Layer Where Everything Can Be Computed," sharing how ZK technology is driving a fundamental transformation in the blockchain computing paradigm.Michael pointed out that the current on-chain computing costs are high and the speed is slow. The "verifiable computing" paradigm proposed by Brevis can offload heavy computations to off-chain, requiring only low-cost verification on-chain, achieving decoupling of computation and verification while supporting privacy protection scenarios.The speech showcased the performance breakthroughs of Brevis's core product, Pico ZKVM: its latest generation, Pico Prism, can complete Ethereum block proofs in an average of 6.9 seconds, with 99.6% of blocks completed within 12 seconds, achieving real-time proof (RTP) for Ethereum for the first time. Currently, Pico ZKVM, as an "on-chain ZK data co-processor," has been applied in various scenarios such as privacy-preserving incentive distribution, high-performance DeFi, and trustless on-chain data computation, providing Rust programming support for developers with zero ZK development experience.Michael predicts that in the next 10 years, 99% of blockchain computing will occur off-chain, verified through ZK proofs. Brevis is driving this process through its verifiable computing infrastructure.

According to The Block, CFTC Chairman Michael Selig stated in a Washington Post article that the Commodity Futures Trading Commission is charting a new course and has announced the launch of a new initiative called Future Proof, aimed at modernizing the regulatory approach to digital assets.Michael Selig mentioned that the derivatives regulatory body needs an upgrade and plans to conduct a comprehensive review of existing rules, with the goal of adopting what he describes as a minimum effective dose of regulation. He pointed out that decades-old rules designed for agricultural futures contracts are not suitable for emerging products or trading venues, and just as American businesses modernize the traditional financial system by leveraging new technologies, the CFTC must upgrade its approach to unleash innovation.Michael Selig, appointed by Donald Trump, took office last month and stated that if Congress passes legislation on the market structure for digital assets, the CFTC will take on a broad new set of responsibilities and ensure that these markets thrive domestically through a tailored regulatory framework, maintaining the leading position of the U.S. market. Currently, lawmakers are debating a bill to expand the CFTC's jurisdiction over the digital asset industry.

According to CoinDesk, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, stated in an interview with CoinDesk that Ethereum is steadily moving towards making zero-knowledge cryptography a core component of the network in the future. Hsiao-Wei Wang described zero-knowledge as part of Ethereum's mid-term roadmap and noted that several breakthroughs have been achieved in the past year or two.While the current upgrade focus remains on improving Layer 2 network execution and Blob space, zero-knowledge as a protocol-level feature has become increasingly feasible. Ethereum researchers have released a native zkEVM plan that allows the network to use zero-knowledge proofs to validate transactions by default. This technology can significantly reduce the workload required to secure Ethereum, achieving scalability without sacrificing decentralization or reliability. Hsiao-Wei Wang emphasized that even as the network continues to evolve, resilience, security, censorship resistance, and neutrality remain core to Ethereum.

The Ethereum L2 network Starknet released an analysis report on the short-term mainnet outage that occurred this Monday, stating that the cause of the incident was the inconsistency between the execution layer (blockifier) and the proof layer: under specific cross-function calls and rollback combinations, the execution layer incorrectly recorded a state write that had been rolled back, leading to abnormal transaction execution. The related transactions did not receive L1 finality confirmation. This incident triggered a block reorganization, with approximately 18 minutes of on-chain activity being rolled back.This is the second major interruption since 2025, following a September incident where a sequencer vulnerability caused an outage of over 5 hours and rolled back about 1 hour of on-chain activity.

According to official news, Binance announced the 38th proof of asset reserves, in which user BTC assets are approximately 618,000 coins, an increase of 1.41% from the last time, with an increase of 8,607 BTC; user ETH assets are approximately 4.17 million coins, an increase of 8.55% from the last time, with an increase of 328,666 ETH; user USDT assets are approximately 38.2 billion coins, an increase of 2.86% from the last time, with an increase of about 1.06 billion USDT.

Huobi HTX always adheres to the bottom line of "100% redemption of user assets" and is committed to building trust through high standards of transparency. The platform has regularly published the proof of reserves (PoR) using Merkle tree for 38 consecutive months, with all core asset reserve ratios consistently maintained above 100%, and all historical data is verifiable on-chain.It is reported that the scale of user USDT assets has increased from approximately 695 million in January to about 1.765 billion in December, an increase of about 150%, demonstrating strong capital accumulation and user trust.Meanwhile, BTC user holdings remain relatively stable. According to a CoinDesk research report, as of November, Huobi HTX's market share growth for 2025 reached 2.06%, ranking first among mainstream centralized exchanges.In addition, Huobi HTX is actively expanding asset transparency in 2025, incorporating assets such as WLFI and USDC into the PoR coverage.All actions of Huobi HTX prioritize the safety and interests of user assets. Users can visit the official website's "Proof of Reserves Report" independent page to verify on-chain data at any time, witnessing a safe and transparent trading environment together.

The zkEVM L2 public chain X Layer will launch its first proof-of-stake NFT in the ecosystem, ------Celebrity Dog, on December 22, 2025, at 14:00 (UTC+8).This NFT is launched by the on-chain DOGSHIT ecosystem, featuring a Shiba Inu image that integrates "dog shit luck" cultural elements, designed in a trendy style. Holders will enjoy ecological profit distribution and core governance rights, and multiple exclusive benefits will be unlocked in the future.This launch fills the gap in the proof-of-stake NFT track within the X Layer ecosystem, leveraging the public chain's high TPS and low transaction fees to provide users with a Web3 experience that is both fun and engaging.

According to Decrypt, the anonymous phone service provider Phreeli has launched in the United States, allowing users to register using only their postal code, without the need for personal information or payment data.Zcash co-founder Zooko Wilcox serves as an advisor, recommending the use of zero-knowledge access passes. Phreeli implements a zero-knowledge proof encryption system called Double-Blind Armadillo, which can verify billing without storing payment information. Users can pay with credit cards or Zcash, Monero.Phreeli founder Nicholas Merrill stated that the company aims to address the issue of excessive data collection by mainstream carriers. Phreeli was founded in 2019 and has raised $5 million in funding over the past year, utilizing T-Mobile's infrastructure.

Binance has announced that it has updated its proof of reserves, with a BTC reserve ratio of 102.11%, Binance wallet balance of 630,677.19 BTC; USDT reserve ratio of 109.16%, Binance wallet balance of 37,446,672,411.804 USDT; ETH reserve ratio of 100%, Binance wallet balance of 4,041,415.554 ETH; BNB reserve ratio of 112.32%, Binance wallet balance of 44,278,972.355 BNB.

According to official social media news, the Chinese decentralized contract exchange Sun Wukong has recently launched a reserve proof page, allowing real-time queries of asset status, further enhancing the platform's transparency. Data shows that the current stablecoin reserve ratio on the platform remains at 100%, with stablecoin reserves exceeding 64 million USD.In addition, Sun Wukong's single-day trading volume exceeded 230 million USDT yesterday, a week-on-week increase of 67%. Currently, the platform has accumulated over 57,000 users.

Binance released its latest Proof of Reserves (PoR) report on November 1, 2025, showing that all major crypto assets maintain an over-collateralized status. The report indicates that the BTC reserve ratio is 102.11%, USDT is 107.45%, ETH is 100%, BNB is as high as 112.95%, and USDC reaches 133.79%.

ChainCatcher news, the New York State Assembly introduced Bill A9138 on Friday, which is the companion legislation to Senate Bill S8518, aimed at imposing a tiered consumption tax based on electricity consumption on proof-of-work cryptocurrency mining operations.According to the bill, mining operations with an annual electricity consumption exceeding 2.25 million kilowatt-hours will face taxation, with rates ranging from 2 cents to 5 cents per kilowatt-hour. The revenue from this tax will be used to fund energy affordability programs in New York State, providing support for low- and moderate-income households. Mining facilities that operate completely on renewable energy and are off-grid will be exempt from this tax. If the bill is passed, it will take effect on January 1, 2027.

ChainCatcher news, Vitalik Buterin's latest article elaborates on the GKR (Goldreich--Kahan--Rothblum) protocol used to accelerate ZK proofs, adapting to the "batch × multi-layer" computational structure, significantly reducing intermediate layer commitments, and only committing to inputs and outputs.The article uses Poseidon2 hash as an example to detail the recursive proof process centered around sumcheck, and provides optimizations (Gruen's trick, linear batching, partial rounds with only cubic leading elements), which can be combined with BaseFold or FRI in polynomial commitment scenarios. The author claims that the actual overhead is less than 100 times the theoretical value of traditional STARK, with single-digit level overhead expected, and warns that the Fiat--Shamir challenge must guard against predictability risks within the circuit.

ChainCatcher news, according to the official website, Huobi HTX announced the latest monthly Merkle tree asset reserve proof (PoR) audit report on October 1. As of October 1, 2025, the platform has disclosed the reserve status of 10 mainstream assets, with an overall reserve ratio maintained above 100%. Huobi HTX has publicly disclosed reserve data for 36 consecutive months, continuing its robust and transparent asset management strategy.This month, Huobi HTX added asset reserve data for USDC and WLFI, with reserve ratios reaching 100% and 103%, respectively, further enhancing the platform's reserve asset matrix. USDT, as the core stablecoin of the trading market, has a reserve ratio of 101% this period, corresponding to 1.417 billion assets in the Huobi HTX account, demonstrating outstanding excess reserves.The reserve ratios for the remaining updates are: BTC (100%), ETH (100%), TRX (103%), HTX (100%), XRP (103%), DOGE (100%), SOL (101%). Users can visit the Huobi HTX official website's "Asset - Proof of Reserve Report" page at any time to view the monthly updated reserve proof reports. Huobi HTX will continue to uphold its commitment to "openness, transparency, and security," providing a more trustworthy trading environment for global users.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the player proof engine KGeN has been the project with the most new X (Twitter) top influencer followers, including angel investor Grail.eth (@graildoteth), independent trader Honest Mai (@Michael_Liu93), and Snowball (@one_snowball) who have newly followed this project.In addition, the project with the most X top influencer followers also includes Arbitrum.

ChainCatcher message, the "Proof of AI After Party" co-hosted by Paypal Ventures, Kite AI, and 499 will be held on September 30 during TOKEN2049 in Singapore.This event, themed "Stablecoins, AI Payments, and Autonomous Economy," will focus on the practical applications of stablecoins in the new AI economy, Agentic Payment, and other cutting-edge topics related to the autonomous economy.Confirmed speakers for the event include Chi Zhang, co-founder of KiteAI; Alan Du, partner at PayPal Ventures; and Adam, partner at the Nixon Family Foundation and advisor to the Solana Foundation.In addition, representatives from several well-known projects and organizations, including GAIB, UXLINK, Codatta, Avalanche, Virtuals Protocol, FLock.io, Solana, Vana, Donut, OpenMind, LayerZero, Chainlink, OKX Wallet, and Aethir, will also attend.

ChainCatcher news, according to official sources, the real-time ZK proof network ZEROBASE has surpassed two hundred million dollars in deposits.

ChainCatcher message, the Web3 social party "Proof of Vibes" co-hosted by XO App, InsightX, and BTSE will be held on September 29 at the Hip-hop bar Casper in Singapore. This party aims to create a relaxed and high-quality community connection night for global Builders, Degens, and Dreamers.Event highlights include:Meme & Crypto King MVP showdown (20:30): A fun competition combining memes and crypto knowledge.Casper signature experience: Enjoy the bar's specialty cocktails and cuisine.