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tru

Ethereum Foundation releases Q1 funding list: Continuing support for ZK, cryptography, and protocol infrastructure

The Ethereum Foundation has announced the list of grants and ecosystem support projects for the first quarter of 2026, focusing on cryptography, zero-knowledge proofs (ZK), protocol security, and core infrastructure development, continuously strengthening the Ethereum underlying technology stack and long-term scalability.This quarter's funding covers several key areas. At the protocol and client level, projects include optimizations for the Geth and Erigon clients, upgrades to the Lighthouse client, and the development of network monitoring tools after the Pectra upgrade, with a focus on improving network performance and attack resistance. Additionally, projects such as HSM key management, the validator security tool Vero, and the DISC-NG node discovery mechanism have also received support to enhance node-level reliability and institutional compliance capabilities.In the areas of cryptography and ZK, the foundation continues to invest in projects such as the analysis of the Poseidon hash function, research on Gröbner basis attacks, exploration of quantum-resistant and homomorphic mixed encryption, and formal verification of RISC-V zkVM, further strengthening the security boundaries of zero-knowledge proofs and cryptographic infrastructure.In terms of the developer ecosystem, the BuidlGuidl education system upgrade, ERC standard community building, WalletConnect clear signature library, and Open Creator Rails toolchain are continuously advancing to lower development barriers and enhance user interaction security. Meanwhile, L2BEAT continues to provide transparency analysis for Layer 2, strengthening the data infrastructure for scaling ecosystems.Furthermore, the foundation supports privacy technologies (such as Tor integration and Privacy Pool SDK), decentralized identity (did:ethr standard upgrade), DAO governance research, and public goods experimental projects, covering a complete ecological structure from the protocol layer to the application layer. Overall, this round of funding continues Ethereum's long-term investment in the three core directions of "cryptography + ZK + protocol engineering," emphasizing the support for future multi-layer scaling and institutional-level application implementation through infrastructure and standardization development.

Andre Cronje: Nowadays, many DeFi protocols are no longer true DeFi in the real sense, and the industry is debating whether a circuit breaker mechanism should be introduced

Andre Cronje stated in an interview with Cointelegraph that many DeFi protocols today are "no longer truly DeFi" and are more like "profit-driven companies operated by teams," as they generally rely on upgradable contracts, multi-signatures, off-chain infrastructure, and manual operational control.Cronje pointed out that the current industry is still overly focused on smart contract audits while neglecting operational risks that are closer to traditional finance (TradFi). He believes that recent attack incidents are not due to code vulnerabilities but stem from off-chain infrastructure, permission management, and social engineering attacks.The discussion arises from the recent frequent security incidents in DeFi. In April, protocols such as Flying Tulip, Drift Protocol, and Kelp encountered security events, with Drift and Kelp suffering losses of approximately $280 million and $293 million, respectively.In response, Flying Tulip has introduced a "Withdrawal Circuit Breaker," which can delay or queue withdrawal requests when unusually large withdrawals occur, allowing the team about 6 hours to respond. Cronje emphasized that this mechanism does not permanently freeze withdrawals but serves as a layer of protection within the security system.However, Michael Egorov holds a cautious attitude towards this. He stated that the circuit breaker itself could also become a new point of centralized risk. If control permissions fall into the hands of an attacker, the mechanism originally intended to protect the protocol could instead be used to freeze assets or directly transfer funds.Egorov believes that the long-term direction of DeFi should be to minimize human intervention and centralized permissions as much as possible, rather than adding more layers of manual control. "The security of DeFi comes from decentralization, not more human management."

Eric Trump responds to Forbes' criticism: ABTC BTC holdings exceed 7,000 coins, ranking as the 16th largest publicly listed Bitcoin company

Eric Trump, the second son of Trump, responded to Forbes' criticism of his significant arbitrage through the Bitcoin business, which harms MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company American Bitcoin (ABTC) did not exist. 7 months and 25 days ago, ABTC was listed on Nasdaq, and today it holds over 7,000 Bitcoins, becoming the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90,000 mining machines and a computing power of 28 EH/s, using the highest quality energy in the United States.In just the fourth quarter, the Bitcoin on the balance sheet increased by 58%, with mining costs 53% lower than the market price of Bitcoin, and fourth-quarter revenue reached $78.3 million, a quarter-over-quarter increase of 22%. American Bitcoin can be said to be the company that has entered the "top 100" ranking in this field at the fastest speed, and it is actively expanding its mining scale every day. This narrative is strikingly similar to Forbes' rhetoric from years ago.According to previous reports from ChainCatcher, Forbes published an article criticizing Eric Trump's Bitcoin business as a disaster, pointing out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a money printer, but in reality, it is just an arbitrage tool specifically designed to exploit those investors who support MAGA (Make America Great Again).

Forbes criticizes Eric Trump for making large profits through Bitcoin business, harming MAGA investors

Forbes published an article criticizing Eric Trump's Bitcoin business as a disaster, pointing out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a money printer, but in reality, it is just an arbitrage tool designed to exploit investors who support MAGA (Make America Great Again). American Bitcoin was established in 2025 and quickly went public on NASDAQ, leveraging the Trump family brand and the Bitcoin craze to push its valuation to $13.2 billion.Eric Trump vigorously promoted the company as the "leader in the Bitcoin world" during the earnings call, but the actual company has only a few full-time employees and mainly relies on story marketing rather than solid operations. The company continuously sells overvalued stock to buy Bitcoin, while Eric has almost no investment, yet has increased his personal wealth from about $190 million to $280 million, with other insiders also profiting significantly.Meanwhile, ordinary investors, especially MAGA supporters, have suffered heavy losses. Over the past eight months, American Bitcoin's stock has dropped about 92% from its peak, resulting in cumulative losses of about $500 million for investors. Forbes questions the actual profitability of American Bitcoin's Bitcoin mining business, believing that its advertised "half-price mining" is difficult to achieve and is more about using the Trump brand for high-priced stock dumping.

Illustration of Polymarket's 38 Web3 business partners: Who is providing the infrastructure for "information pricing"?

The Web3 asset data platform RootData has outlined 38 business partners of Polymarket, covering multiple key areas such as oracle, cross-chain assets, exchanges, wallets, and application layers. From a structural perspective, Polymarket primarily relies on Polygon to process transactions and supports assets from multi-chain networks such as Ethereum and Solana. It also provides key data inputs through oracles like UMA and Chainlink to ensure the credibility of event outcomes and price discovery mechanisms. In terms of asset liquidity, it collaborates with stablecoins and cross-chain services like Circle and Bridge, and connects with mainstream wallet systems including MetaMask, Phantom, and Privy, facilitating the flow of funds across different networks and lowering the barriers to participating in prediction markets. Regarding user entry points, Polymarket integrates centralized exchanges like Gate and Phemex, and combines applications and data tools such as Jupiter, MoonPay, Polysights, and Kaito to form potential ecological traffic expansion. Overall, the Polymarket ecosystem can be broken down into three layers: the upstream relies on oracles to settle "tradeable information," the middle layer completes matching and settlement through multi-chain and stablecoins, and the downstream reaches users through wallets and applications. The platform is building a financial system that converts information into prices and completes pricing through on-chain markets. Related collection: [Polymarket Web3 Partner Network Collection (continuously updated)](https://cn.rootdata.com/Archives/detail/Polymarket%20Crypto%20Business%20Partner?k=NDc2OTgz) Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to [claim data](https://www.rootdata.com/Projects/submit?ft=claimApply) and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of cryptocurrency project ecological maps, nominating Web3 ecosystem partners for upstream clients such as Visa, Mastercard, and Coinbase. **If you wish to nominate your project in future ecological maps, please fill out the [RootData 2026 Industry Ecosystem Mapping](https://forms.gle/tWArmXcpSfZJkh1r8) form to supplement your important clients and partners.**
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