confirmation

Telegram founder Pavel Durov stated that The Open Network (TON) has completed a major upgrade, increasing block generation speed by 6 times, overall performance improved by about 10 times, and transaction confirmation time has been reduced to sub-second levels, achieving a "near-instant" transaction experience.TON officials stated that this upgrade is based on Catchain 2, and the previous confirmation time of about 10 seconds limited instant payments and application response experiences, while this upgrade will make it possible to "complete payments like sending messages." In addition, TON also stated that higher block generation frequency will enhance validator earnings and strengthen staking incentives. Pavel Durov called this upgrade the first step of the "Make TON Great Again" seven-step plan, with the next phase aiming to further reduce transaction fees by about 6 times.

According to Cointelegraph, the Ethereum client team is testing a mechanism called Fast Confirmation Rules (FCR), aimed at compressing the deposit confirmation time from L1 to L2 networks and exchanges to about 13 seconds, reducing it by up to 98% compared to existing solutions. This mechanism was proposed by Ethereum researcher Julian Ma.FCR determines whether a block can be considered confirmed by evaluating the validators' attestations, rather than relying on the traditional block depth counting method. Its operation is based on two premises: that network message propagation is fast enough, and that no single entity holds more than 25% of the staked ETH. Currently, most users rely on canonical bridges to complete asset transfers, which typically require waiting about 13 minutes; some exchanges and L2s have adopted "k-depth" confirmation rules to shorten the wait, but this method lacks formal security guarantees.FCR can be deployed without a hard fork, and nodes can independently enable it without the need for coordination across the entire network. Ethereum co-founder Vitalik Buterin expressed support for this, believing that the mechanism can provide "hard guarantees" for transactions within a single time slot (about 12 seconds) under specific network conditions. However, there are still voices of skepticism in the community, with some users concerned about whether its trust assumptions can hold up under network pressure. Currently, client and API integration work is still ongoing.

Ethereum co-founder Vitalik Buterin published an article introducing a new Ethereum fast confirmation rule mechanism. This mechanism allows users to receive a hard guarantee that Ethereum transactions will not be reverted (Non-revert) after just one Slot (12 seconds). Vitalik pointed out that the security of this rule is based on two premises: first, that the vast majority of validators are honest nodes, and second, that network latency is below approximately 3 seconds. Although its security is slightly lower than economic finality, it already possesses strong reliability for many application scenarios.

The Ethereum-based pre-confirmation network Interstate has completed a $1.5 million financing round, with participation from Marshland Capital, Taisu Ventures, Bloccelerate, Alpen Labs, GD1, MH Ventures, Alchemy Ventures, Legends Group, Waikit Lau, Sergey Gorbunov, and others.According to reports, Interstate is a company focused on cryptocurrency development, dedicated to enhancing the user experience of Ethereum by shortening transaction confirmation times.

Financial technology company Ruvo has completed a $4.6 million financing round, led by 1confirmation, with participation from Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, and Mission Street Capital.Ruvo integrates Pix, stablecoins, bank transfers (ACH/wire), and Visa into a single application.

1confirmation announced that it has begun investing from its fourth fund (Fund IV) and will intensify support for the best early-stage crypto entrepreneurs.The firm stated in a declaration that they established the first crypto venture capital fund 10 years ago, firmly believing that cryptocurrency would empower people and bring more freedom to the world, "and this is happening. Looking forward to the next 10 years."

CryptoQuant indicates that the realized profit of Bitcoin has dropped to 2.5 million BTC, the lowest level since 2024, similar to the level at the start of the last bear market in 2022. Additionally, since 2023, Bitcoin holders have experienced a net loss for the first time, with a cumulative loss of 69,000 BTC since December. This marks a shift in market dynamics from profit-taking to loss confirmation over the past 30 days.

According to Jin Ten, Federal Reserve's Goolsbee stated that a rate cut from the Federal Reserve is expected this year, but data is needed to confirm the outlook.

According to Jinshi reports, U.S. Republican Senator Tillis stated that he will not confirm any nominees for the Federal Reserve, including the chair, until Powell's legal case is resolved.

1confirmation founder Nick Tomaino posted on the X platform, stating that prices are honest, while narratives are deceptive. The discussion around insider trading is quite complex; although insider trading is often viewed negatively, its essence is trading based on more accurate information. Allowing insider trading can help prices converge more quickly to their true value, benefiting the entire market and bringing more truth.Currently, the SEC prohibits insider trading in the securities market, theoretically to enhance public trust, yet Nancy Pelosi has made $130 million in the stock market during her 37-year political career. Meanwhile, the CFTC does not prohibit insider trading in commodities and futures in the same way, unless it involves fraud or manipulation; trading futures and commodities based on significant non-public information is legal. The development of prediction markets remains to be seen; those who wish to control the market will promote the harmful narrative of insider trading, but a free market and more truth are the better choices.

Delphi Digital posted on platform X that Solana is preparing for a major upgrade called Alpenglow. This upgrade is a complete overhaul of the consensus mechanism, aiming to achieve sub-second finality by replacing Tower BFT and Proof of History (PoH).Alpenglow introduces two new protocol components: Votor and Rotor. Votor replaces the incremental voting rounds of Tower BFT with a lightweight voting aggregation model. Validators can aggregate votes off-chain before submitting the final confirmation, allowing blocks to achieve finality within 1 to 2 confirmation rounds. This improvement reduces the theoretical finality delay to 100 to 150 milliseconds, shortening it by about 100 times from the original 12.8 seconds.Votor achieves finality through two parallel paths: when a proposed block receives over 80% of the total staked weight in the first round, it triggers fast confirmation and takes effect immediately; if the support rate is between 60% and 80% in the first round, it triggers slow confirmation, requiring a second round of voting to exceed 60% for final confirmation.Rotor reconfigures Solana's block propagation layer. The original Turbine propagation network relied on multi-hop relays with variable delays, while Rotor introduces a staked-weight relay path that prioritizes bandwidth efficiency. Validators with high stakes and reliable bandwidth will become core relay points. Simulation data shows that under typical bandwidth conditions, block propagation can be completed in as fast as 18 milliseconds. This upgrade is expected to be rolled out gradually, with an initial launch timeframe anticipated between early to mid-2026.

1confirmation founder Nick Tomaino posted on the X platform that the total market capitalization of cryptocurrencies is currently $3.1 trillion (a 14% decline over the past year), but back in 2009, this number was 0. For the crypto industry, 2025 signifies the end of an era of easy profits: venture capital has raised the stakes, Meme coins and DAT have declared failure. However, last year marked the first time in the history of the cryptocurrency industry that products not reliant on token speculation outperformed others, such as Polymarket and stablecoins. In the future, to achieve excess returns, it will be necessary to develop and utilize such products.There are three constants in the crypto industry: 1. One must see through the nature of fraudsters; 2. The decline in institutional trust and the increasingly important macro trend of the internet are real, and there are investment opportunities in credible neutral currencies; 3. Only two cryptocurrencies have credible neutrality: Bitcoin (BTC) and Ethereum (ETH).

Matrixport released a chart today stating that during the last cycle, Ethereum attracted incremental funds due to expectations of expansion in the smart contract platform ecosystem and the narrative of "programmable money," driving prices up rapidly from 2020 to 2021; at the peak of sentiment in 2021, the market once had expectations of reaching $10,000. However, the trend did not continue upward.After retreating from its high, Ethereum entered a long-term consolidation phase, generally moving within a large triangular consolidation range. Over the past few years, the price has primarily fluctuated within this range, with no significant trend. Structurally, the price has attempted to break out of the range twice (once downward and once upward), but neither attempt was sustained, and it quickly returned to the range. Until a direction is confirmed, the market will remain primarily in a state of fluctuation. The current triangular formation is clearly converging, with the price's operating space continuously compressing, and the structure is approaching its conclusion.As this long-term consolidation gradually comes to an end, 2026 may become a key window for Ethereum to complete its directional choice and enter the next phase of movement.

Flow has released an update on the attack incident on social media, and the protocol fix has been accepted and successfully deployed by network validators. The network is online and generating blocks, but is in "idle / read-only" mode, and regular transaction submissions are still paused.Before fully resuming operations, Flow must enforce synchronization with key ecosystem partners (cross-chain bridges, centralized exchanges, and decentralized exchanges) to ensure that its internal systems are fully aligned with the recovery status of the Flow ledger. The foundation will immediately release the final "network online" confirmation information once partner synchronization is complete.

According to CoinDesk, the U.S. Senate is advancing confirmation votes for two key financial regulatory officials nominated by President Trump, with Mike Selig set to become the chairman of the CFTC and Travis Hill officially taking on the role of FDIC chairman.Both are seen as crypto-friendly and will play an important role in the regulation of the U.S. crypto market. Once in office, Selig will become the sole commissioner of the CFTC and lead the enforcement of crypto regulatory legislation; Hill has emphasized lifting the previous government's restrictions on banks engaging in crypto activities and addressing the issue of "de-banking."

According to a report by koreatimes, sources indicate that South Korea's largest portal site Naver is expected to confirm its acquisition plan for Dunamu at a board meeting scheduled for next week. Dunamu is the operator of Upbit, South Korea's largest cryptocurrency exchange.Insiders revealed that Dunamu plans to hold a board meeting on November 26 to confirm the specific details of the acquisition plan.It is said that Naver plans to promote a comprehensive stock swap through its fintech subsidiary Naver Financial, making Dunamu a wholly-owned subsidiary, aiming to expand its business layout in the digital finance sector.

A representative of FTX creditors, Sunil, stated on social media that FTX's total assets before repayment to creditors are between $16 billion and $17 billion. A repayment of $454 million is scheduled for February 18, 2025, followed by a repayment of $5 billion on May 30, 2025, and another $1.6 billion on September 30, 2025, bringing the total repayment amount to $7.1 billion.The next repayment is expected to take place in January 2026, and the deadline for determining distribution eligibility may be in December (creditor representative Sunil indicated that the specific date still awaits an official announcement).