BTC $63,053.49 +0.30%
ETH $1,882.41 +0.33%
BNB $609.73 +0.82%
XRP $1.00 +0.39%
SOL $75.47 +0.80%
TRX $0.3315 -0.32%
DOGE $0.0698 +0.33%
ADA $0.1776 -0.78%
BCH $203.43 +0.58%
LINK $9.56 +6.71%
HYPE $57.09 +2.64%
AAVE $86.55 +0.56%
SUI $0.6804 +0.52%
XLM $0.1578 -0.59%
ZEC $489.36 +0.16%
BTC $63,053.49 +0.30%
ETH $1,882.41 +0.33%
BNB $609.73 +0.82%
XRP $1.00 +0.39%
SOL $75.47 +0.80%
TRX $0.3315 -0.32%
DOGE $0.0698 +0.33%
ADA $0.1776 -0.78%
BCH $203.43 +0.58%
LINK $9.56 +6.71%
HYPE $57.09 +2.64%
AAVE $86.55 +0.56%
SUI $0.6804 +0.52%
XLM $0.1578 -0.59%
ZEC $489.36 +0.16%

system

All
Article
Flash

first_img Etherealize CEO warns Wall Street about the revival of alliance chains: Fragmenting the ecosystem will undermine blockchain interoperability

Vitalik Buterin and Etherealize co-founder and CEO Vivek Raman, supported by the Ethereum Foundation, warned that Wall Street's renewed enthusiasm for private, permissioned "consortium chains" is recreating a fragmented system, undermining the interoperability and liquidity that blockchain should bring, akin to "race to the bottom." He pointed out the rise of gated networks such as Digital Asset's Canton Network, Circle's ARC, and Stripe's Tempo, reminiscent of the R3 and Hyperledger consortium chains 2.0 from years past, where institutions will ultimately find themselves in a situation of competing consortium chains, needing permission or membership to participate.Raman emphasized that the Ethereum mainnet should serve as a globally open, permissionless foundation layer similar to HTTP, where institutions can overlay permission and privacy features at the application layer or L2 to achieve maximum interoperability and liquidity. Etherealize is committed to attracting TradFi to embrace Ethereum, which has already hosted billions of dollars in tokenized assets and supported a large amount of DeFi settlements. The company received seed funding from Buterin and the foundation in January 2025 and completed a $40 million Series A financing in the same year.He cited examples such as BlackRock's new fund based on Ethereum, stating that once regulations are clear, institutional funds are more inclined towards open network tracks that are not proprietary; choosing consortium chains would require paying the consortium and being bound by its rules, with incentives for non-early members quickly fading. Christian Catalini, founder of the MIT Cryptoeconomics Lab, also pointed out that if permissioned networks driven by enterprise sales become mainstream, some competitive benefits of blockchain may not be realized.

Bitcoin Red Team has completed a foundational scan of the Bitcoin open-source ecosystem and discovered a large number of serious and high-risk vulnerabilities

Bitcoin News posted on the X platform that after two weeks of using cutting-edge AI to scan almost the entire Bitcoin open-source ecosystem for vulnerabilities, Bitcoin Red Team member @callebtc stated, "The easily discoverable vulnerabilities have been addressed," and maintainers are verifying "a large number" of serious and high-risk vulnerabilities.@callebtc indicated that the main findings include: decades of accumulated open-source technical debt are being exposed alongside AI capabilities that can discover vulnerabilities at speeds and scales unattainable by human researchers; Lightning seems particularly vulnerable, with its complexity meaning its security status is "worse than average"; unmaintained Bitcoin projects should be considered vulnerable until their security is confirmed.Projects that began building AI security and auditing processes months ago are now in a completely different position compared to those that have been waiting until now. The Bitcoin Red Team has now completed a foundational scan of almost the entire Bitcoin open-source ecosystem. Easily discoverable vulnerabilities have mostly been addressed, but as AI capabilities improve, external red team testing may need to continue indefinitely. Despite discovering and reporting "a large number" of real serious and high-risk vulnerabilities, @callebtc believes this process will ultimately make Bitcoin stronger. The same AI security review will soon expand to areas far beyond Bitcoin.

ENS DAO officially established a foundation through a proposal to strengthen the governance of the decentralized domain name ecosystem

ENS DAO has voted to approve the proposal "Next Era of ENS DAO" and completed on-chain execution, officially establishing the ENS Foundation to promote the ENS ecosystem into a new governance phase.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members, responsible for undertaking institutional work related to ENS in areas such as law, policy, standard-setting, and brand protection.ENS stated that over the past nearly ten years, ENS has developed into an important infrastructure within the Ethereum ecosystem, with millions of registered domain names, and has been integrated by numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks legal entity status, making it unable to effectively participate in the governance of the internet naming system, sign institutional cooperation agreements, hire full-time employees, maintain trademark rights, or engage in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. In the future, the foundation will be responsible for:Representing ENS in internet standard organizations such as ICANN, IETF, and W3C, promoting the recognition and management of the ".ens" top-level domain (TLD);Participating in policy discussions as a legal entity, communicating with regulatory agencies and government departments;Holding and protecting ENS trademarks and intellectual property, combating phishing and impersonation;Hiring full-time employees responsible for ecosystem operations, funding programs, and fund management;Becoming a formal cooperation entity between traditional institutions such as registrars and standard organizations and the ENS ecosystem.

The chairman of the U.S. SEC plans to restructure the securities regulatory tracking system CAT and explore the possibility of the SEC taking over and reforming the funding mechanism

Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission (SEC) wrote to Robert Walley, Chairman of the Consolidated Audit Trail (CAT) Operating Committee, indicating that the SEC plans to undertake a comprehensive reform of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced the annual operating costs of CAT by issuing exemptions and approving amendments to the CAT NMS plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system.These reforms have lowered system costs and the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms. To address these issues, the SEC released a concept request for comments on April 16, 2026, to conduct a comprehensive review of CAT and other audit trail systems and data sources used in the regulation of U.S. securities markets.The SEC indicated that it has received hundreds of feedback comments, with one core consensus being that investors and market participants want the SEC to take more responsibility for the management and funding arrangements of CAT.Atkins stated that he has asked SEC staff to propose deep reforms for CAT, including: 1. Exploring new funding sources for CAT, including the use of congressional appropriations and transaction fees under Section 31 of the Securities Exchange Act; 2. Drafting rule proposals that, if approved, would repeal Rule 613 and require exchanges, FINRA, and broker-dealers to continue using the existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency; 3. Assessing the internal resource needs of the SEC to prepare for the SEC's future assumption of governance responsibilities for CAT.The SEC expects that this reform will involve multiple stages and will need to be advanced simultaneously, with the overall transition potentially lasting until the end of 2027.
app_icon
ChainCatcher Building the Web3 world with innovations.