cable

According to CoinDesk, the Cambridge Centre for Alternative Finance has released a longitudinal study on the resilience of Bitcoin's network physical infrastructure, covering 11 years of peer-to-peer network data and 68 verified submarine cable failure events.The study shows that 72% to 92% of global multinational submarine cables need to fail simultaneously for significant node disconnections to occur in the Bitcoin network. Based on 1,000 Monte Carlo simulations for each scenario, over 87% of real failure events had less than a 5% impact on nodes, and the correlation coefficient between cable failures and Bitcoin prices is close to zero (-0.02). The study also reveals a significant asymmetry between random failures and directed attacks: if an attacker targets key hub cables, the destruction threshold will drop sharply to 20%; if directed attacks target the five largest hosting service providers—Hetzner, OVH, Comcast, Amazon, and Google Cloud—removing just 5% of routing capacity could cause a similar impact.

According to the DeFi Education Fund, U.S. Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren jointly proposed the "2026 Blockchain Development Innovation Act," aimed at clarifying the applicability of Section 1960 of Title 18 of the U.S. Code regarding "unlicensed money transmission businesses."The bill seeks to clarify that Section 1960 applies only to entities that control customer assets and conduct fund transfers on behalf of customers, and should not extend to blockchain software developers who do not hold user funds. The related proposal states that this move is consistent with the original legislative intent of Congress and the long-standing regulatory interpretation of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, aiming to reduce the risk of improper criminal charges faced by developers.

Vitalik Buterin posted on the X platform, stating that there has been an increasing discussion about the ongoing role of L2 in the Ethereum ecosystem. Due to the slow progress of L2 entering phase 2, and the expansion of L1 itself, it is expected that the Gas limit will significantly increase by 2026. This means that the original vision of L2 as Ethereum's "branded sharding" is no longer applicable, and new paths are needed.Vitalik Buterin pointed out that L1 no longer needs L2 as branded sharding, and that L2 cannot or is unwilling to meet the attributes required for true branded sharding. He suggested that L2 should identify value points beyond "scalability," such as privacy, efficiency for specific applications, extreme levels of scalability, non-financial application design, ultra-low latency, and built-in oracles. When handling ETH or other Ethereum assets, L2 should at least reach phase 1 and support maximum interoperability with Ethereum. Additionally, Vitalik Buterin stated that he has become more convinced of the value of native Rollup precompiles in recent months, especially after having the ZK-EVM proof needed for scaling L1. This precompile would make EVM verification without a security committee feasible. He believes that research should be conducted on how to design this precompile so that it can verify the EVM portion when L2 includes "EVM and other content." This would make achieving secure, robust, and trustless interoperability with Ethereum easier and enable synchronous composability.

ChainCatcher news, CryptoQuant founder Ki Young Ju stated that the theory of "buying when whales accumulate and selling when retail investors enter" is no longer applicable. In previous cycles, whales would sell their chips to retail investors, but now it is old whales selling to new long-term whales, with institutional participation far exceeding expectations, and the number of holders has surpassed that of traders.Ki Young Ju apologized for the previous misjudgment of the "end of the bull market cycle" and stated that he will be more cautious in the future, focusing on data-driven analysis.

ChainCatcher news, reported from Abu Dhabi, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying false reports regarding the issuance of golden visas to cryptocurrency investors in the UAE.ICP clarified that the golden visa does not include cryptocurrency investors but is applicable to eligible categories such as real estate investors and entrepreneurs. SCA emphasized its commitment to regulating the financial industry and securities services, while VARA denied claims about issuing golden visas to virtual asset investors in Dubai and warned investors to obtain information from reliable official sources to avoid misinformation or fraud.The three regulatory authorities jointly urged the public and investors to act with caution and refer to government official websites and approved communication channels for accurate information.

ChainCatcher news, a certain crypto KOL analyzed: "The price trend of Bitcoin is closely related to economic indicators. If a recession occurs, Bitcoin may drop to around $50,000; if there is no recession, the expected bottom price range is between $70,000 and $75,000."In response, Binance co-founder Zhao Changpeng stated on platform X: "I believe this analysis only applies to the short term."

ChainCatcher, a certain crypto KOL, analyzed: "The price trend of Bitcoin is closely related to economic indicators. If a recession occurs, Bitcoin could drop to around $50,000; if no recession happens, the expected bottom price range is between $70,000 and $75,000."In response, Binance co-founder Zhao Changpeng stated on the X platform: "I believe this analysis only applies to the short term."

ChainCatcher message, Jupiter co-founder meow stated on the X platform that the CAR token team has verified its deployment through on-chain transactions and re-locked the contract to ensure irreversibility.The team redeployed the initially revocable contract and tracked key transaction records from minting to locking, while destroying 0.06942 SOL to verify address ownership. In addition, the tokens have been locked as planned, including national development, charity, public distribution, and team shares, with the national development funds now made irrevocable. All locking situations can be publicly queried through Streamflow.

ChainCatcher news, Pyth announces Cables Finance as its new data provider. Cables Finance is contributing its proprietary data on cryptocurrencies and foreign exchange to help ensure the coverage of price sources for Pyth Price Feeds.

ChainCatcher news, according to CoinDesk, on Tuesday, two legislative committees of the European Parliament passed three main texts in a comprehensive anti-money laundering legislative package that also applies to cryptocurrencies. This vote followed a political agreement reached in January on the Anti-Money Laundering Regulation (AMLR), which will require crypto service providers to comply with customer verification requirements and monitor cross-border transfers and transactions involving self-custody wallets. The broader package also establishes an anti-money laundering agency (AMLA) based in Frankfurt, Germany.It is reported that on Tuesday, the Committee on Civil Liberties, Justice and Home Affairs, and the Committee on Economic and Monetary Affairs passed the Anti-Money Laundering Regulation (AMLR) with 68 votes in favor (10 votes against). Legislators voted in favor of a provisional agreement on preventing the use of the financial system for money laundering or terrorist financing purposes with 71 votes in favor (4 abstentions, 9 votes against). The mechanism proposed by the 27 EU member states was agreed upon with 74 votes in favor and 5 votes against. The three documents voted on Tuesday are crucial for the EU's fight against money laundering and will establish a single rulebook to coordinate implementation across the EU.

ChainCatcher news, according to CoinDesk, the European Parliament has approved a series of new sanctions laws that also apply to cryptocurrencies. These new rules aim to ensure the uniform application of sanctions rules across the 27 member states of the EU in response to the growing concerns over violations of EU sanctions against Russia due to its invasion of Ukraine.It is reported that the new laws establish a consistent definition of sanctions violations, including failing to freeze assets, not adhering to travel bans or arms embargoes, transferring funds to sanctioned individuals, or conducting transactions with state-owned entities of sanctioned countries.

ChainCatcher news, the Web3 developer platform Cubist has launched the wallet-as-a-service product "CubeSigner," aimed at addressing the challenge of having account keys readily available. It ensures their security. The product allows users to request signatures through revocable signing sessions instead of directly accessing the raw keys. Users will not accidentally leak their keys, and attackers cannot steal the keys because the key material is locked in secure hardware during both the generation and signing processes.

ChainCatcher news, UK lawmakers have passed a new law covering internet safety, the Online Safety Bill, which requires companies to assess the likelihood of customers encountering illegal content and children encountering harmful content, and to mitigate these potential risks. Member of the House of Lords, Stephen Parkinson, stated that the metaverse is also applicable under this bill.

ChainCatcher news, the multi-in-one financial crime effectiveness testing platform supporting cryptocurrencies, Cable, announced the completion of a $11 million Series A funding round, with investments from CRV, Stage 2 Capital, and Jump Capital.It is reported that Cable can detect financial crime regulatory violations in real-time, thereby helping to reduce financial crime and providing the transparency that banks, regulators, and consumers want and need. Its clients include fintech and cryptocurrency companies such as Tide and Ramp. The automated tools of the Cable platform can more effectively develop and serve Web3 partners and clients. (Source link)

ChainCatcher news, the crypto lending platform Celsius Network tweeted that withdrawals of allocable assets in certain custodial accounts will reopen today. Eligible users will be notified of the steps they need to take to facilitate their withdrawals.Previously, ChainCatcher reported that Celsius stated in February that eligible users could withdraw 94% of their custodial assets, while the remaining 6% would be determined by the court. (Source link)