improvement

According to CoinDesk, Angus Fletcher, head of digital assets at State Street Bank, stated at the Consensus Miami conference that in light of the recent surge in DeFi attack incidents, institutional investors are looking for improvements in blockchain security. He pointed out that the young crypto industry needs to find solutions now before trillions of dollars in real-world assets are put on-chain.Fletcher believes that the interoperability between blockchains needs to be clearly defined and understood, and institutional clients need to understand the legal ownership and rights of cross-chain tokens. Dennis Bree, head of Morpho, stated that April could be the month with the most hacker attacks in DeFi history, and regulators are conducting more due diligence on the security of collateralized assets.

According to official news, OpenAI has officially released GPT-5.5. This model has made significant progress in intelligent agent programming, computer usage, and scientific research, achieving an accuracy of 82.7% in the Terminal-Bench 2.0 test. GPT-5.5 has higher reasoning efficiency and consumes fewer tokens while maintaining the same latency as GPT-5.4.Currently, GPT-5.5 has been pushed to ChatGPT Plus, Pro, and enterprise users, with the API version set to launch soon, priced at $5 per million input tokens and $30 per million output tokens. Additionally, GPT-5.5 Pro, designed for high-difficulty tasks, has also been released simultaneously.

According to market news, Cypherpunk Jameson Lopp and several experts in the field of Bitcoin quantum security have proposed Bitcoin Improvement Proposal BIP-361, which suggests freezing quantum-vulnerable addresses, including Satoshi Nakamoto's reserves, to prevent future quantum computers from stealing approximately 1.7 million Bitcoins.The proposal is to be implemented in three phases: first, prohibiting transfers to legacy addresses; second, invalidating legacy signatures and freezing untransferred assets after five years; and finally, allowing some users to recover frozen funds through a zero-knowledge proof mechanism. This proposal aims to promote the migration of the entire network to quantum-resistant addresses, but it has faced opposition from some community members who believe it contradicts the decentralized ethos of Bitcoin and has a predatory nature.

Circle Chief Strategy Officer Dante Disparte published a response regarding the over $270 million theft incident involving Drift Protocol. Disparte stated that Circle only freezes USDC when legally mandated to do so, and this is not a unilateral decision, nor is it a backdoor or algorithmic monitoring. This reflects the rule of law in internet-native financial activities.He pointed out that the core issue facing open systems is that the legal framework's response speed lags behind technological development. Protocols, wallets, exchanges, and stablecoin issuers should regard security and accountability as a shared obligation, and DeFi protocols can develop on-chain technical protection measures by referencing the circuit breaker mechanisms of traditional markets.He also called for the legislative processes of the U.S. GENIUS Act and CLARITY Act to incorporate due process, property rights, and financial privacy protection standards into law before the next major security incident occurs.

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 Decrypt, on-chain analytics firm Glassnode stated that as concerns over the Iran conflict ease, the Bitcoin market structure shows initial signs of stability. Bitcoin rose 4.3% to about $69,100 on the day, with an increase in open interest in futures contracts and positive buying in the perpetual contract market, indicating that traders are cautiously returning to leveraged positions.In the U.S., inflows into Bitcoin spot ETFs increased to about $934 million, a 20% rise from the previous week. Glassnode noted that momentum indicators, ETF demand, and profitability metrics are improving, but the recovery remains "initial," with price movements lacking the strength for a decisive bullish turn. Trading volume and network activity remain sluggish, and capital flows are weak, indicating that overall confidence has not fully recovered.

Ethereum co-founder Vitalik Buterin released the "Quantum Roadmap" this Thursday, proposing several improvement plans to address blockchain quantum security vulnerabilities, including hash signatures, recursive STARKs, native account abstraction, and protocol-level signature aggregation. The core goal is to replace the currently vulnerable ECDSA encryption architecture.Among these, the "frame transactions" proposal has been included in the discussion agenda for the Ethereum upgrade version Hegota, expected to be launched in the second half of 2026, with hopes of implementation within this year. Vitalik warned last November that quantum computers could break Ethereum's existing security model by 2028.The Ethereum Foundation has established a special post-quantum team, set up a $1 million bounty, and initiated bi-weekly technical seminars. Researcher Justin Drake emphasized that in a highly decentralized ecosystem, formulating a binding "official roadmap" is actually not feasible.

According to Jinshi reports, Federal Reserve Governor Cook stated that as productivity improvements are realized, or if changes in the labor market exacerbate inequality and the benefits of artificial intelligence flow more to the wealthy, the neutral interest rate may decline over time.

Bitcoin Core developer Murch announced on February 11 that BIP 360 (Pay to Merkle Root, P2MR) has officially entered the Bitcoin Improvement Proposal repository, marking the first time the Bitcoin development community has incorporated quantum resistance into the official technical roadmap.The proposal was co-authored by Hunter Beast, Ethan Heilman, and Isabel Foxen Duke, and is currently in the review and discussion stage, with no protocol changes activated yet.

Bitfinex released an analysis report indicating that the decline in inflation in the U.S. market and the rise in interest rate cut expectations provide psychological support for risk assets, but the cryptocurrency market is more likely to experience phase fluctuations rather than a one-sided trend.The expansion of the Federal Reserve's balance sheet reduces systemic liquidity risks, which historically tends to benefit scarce assets like Bitcoin. However, the current pace of liquidity recovery is relatively slow, and selling pressure on spot Bitcoin re-emerged earlier this week, with cumulative sell-offs reaching several billion dollars. Although the market's ability to absorb sell orders has improved compared to before, on-chain indicators show that the adjusted SOPR (Spent Output Profit Ratio) has dropped to the range of 0.92–0.94, reflecting that most cryptocurrencies are being transferred at a loss, indicating that structural pressure still exists.The current macro environment provides a certain liquidity buffer for the cryptocurrency market, but it is still insufficient to support a sustained bull market. Bitcoin has tactical rebound potential in the short term, while long-term structural upward movement requires clearer signals of declining inflation and sustained spot demand support.

Analyst Willy Woo states that I have bad news for those who are perpetually bullish: the bear market trend for Bitcoin is still ongoing and should be divided into three phases:Phase One ------ The Beginning. At this point, Bitcoin's liquidity has collapsed, a situation that occurred in the third quarter of 2025, and prices began to fall. Bitcoin, as a small-scale asset, is extremely sensitive to liquidity. Because of this, it often leads the global macroeconomy into a bear market, typically several months in advance. In other words, when smart money exits, Bitcoin reacts swiftly. During this phase, die-hard bulls will blindly claim that this is just a pullback within the bull market, but they cannot provide any solid evidence of capital inflows, only fabricating stories.Phase Two ------ The Global Stock Market Turns Bearish. This is a behemoth with a scale of up to $100 trillion, akin to a giant supertanker—moving slowly. This is the mid-phase of the Bitcoin bear market, where all risk assets are declining, and there is no doubt that we are in a bear market.Phase Three ------ Signs of Dawn. In this phase, liquidity begins to improve, capital outflows peak and stabilize. Investors are returning. The final price crash usually occurs during this phase, possibly shortly before or after the peak of capital outflows.Within the current bear market framework, Bitcoin is currently in Phase One, about to enter Phase Two.

According to Jinshi News, Fed's Daly stated that models show productivity improvements will drive the neutral interest rate, while the labor market shows less liquidity and dynamism, making it unlikely to affect the neutral interest rate in the short term. Despite robust growth, businesses mentioned uncertainty in demand.

According to official social media news, HTX DAO recently released its 2025 annual report.The report shows that the current total market capitalization of $HTX is approximately $1.74 billion, with over 870,000 holders by the end of 2025. In 2025, $HTX will burn a value of over $91 million, with the current cumulative burn amount close to 10% of the total supply.In terms of governance rights, HTX DAO launched HIP rules, the $HTX holding voting tool, and initiated the coin listing recommendation governance mechanism in 2025, achieving a breakthrough in decentralized governance from 0 to 1. In terms of revenue rights, $HTX is empowered through Huobi HTX's Launchpool product, enabling dual earnings from earning tokens and mining, distributing over 4.2 million USDT in token rewards and nearly 2.9 million USDT in mining rewards throughout the year. Additionally, HTX DAO held over 40 offline events throughout the year, covering several major cities globally, bringing it closer to community members around the world.HTX DAO stated, "Thank you to all community members, builders, and partners for your long-term support and participation. In 2026, HTX DAO will continue to focus on long-term value creation and promote further upgrades in ecology and governance capabilities."

According to Bitcoin Magazine, Bitcoin Improvement Proposal BIP-360 has been merged into the official codebase to enhance resistance against quantum attacks.

According to relevant page information, Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official code repository.This proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aimed at enhancing Bitcoin's defense against quantum computing threats through a soft fork.

According to Jinshi News, Federal Reserve Chairman Powell stated that the current employment situation shows signs of improvement.

Matrixport stated in its latest weekly report that after experiencing a phase of pressure at the end of 2025, there are signs of improvement in Bitcoin's on-chain structure. As long as the price can hold above the key structural support level, the institution's tactical judgment remains cautiously bullish.Multiple valuation and positioning indicators are stabilizing, indicating that downside risks have lessened compared to earlier periods, and the market seems to be emerging from a fragile phase rather than entering a new round of pullback. However, this round of recovery is still constrained by two factors: insufficient inflow of incremental funds and limited willingness of long-term holders to increase their positions. If new funds cannot continue to enter the market, upward momentum is likely to remain limited; even if there is a brief breakout, it will be harder to form a sustainable trend. Overall, a more suitable strategy is to participate cautiously and select opportunities. Investors should remain in the market but must maintain discipline, waiting for clearer confirmations from fund flows and on-chain profit level indicators before considering a substantial increase in risk exposure.

Arthur Hayes posted on social media that there are signs of slight improvement in current market liquidity:The Federal Reserve's quantitative tightening will stop on December 1, and this Wednesday may be the last balance sheet contraction.The scale of credit in the U.S. banking sector has expanded.The market is currently consolidating below $90,000 and may test the lower $80,000 range again, but I believe the $80,000 level should hold. There may be small-scale positions built, but significant moves will have to wait until after the New Year.