testing

According to Bloomberg, the Bank for International Settlements (BIS) and its partners are about to launch a real-value transaction test for the digital cross-border payment project Project Agorá. This project involves the BIS, seven central banks, and more than 40 regulated institutions, including the New York Fed, the European Central Bank, the Bank of Japan, the Bank of England, as well as JPMorgan, UBS, Deutsche Bank, and others.The prototype adopts the concept of a "unified ledger," utilizing blockchain technology to complete interbank transfers between different countries in seconds, trading in an "atomic" manner. The system retains existing sanctions enforcement and anti-money laundering screening mechanisms. The BIS stated that tokenization can safely and effectively address the inefficiencies of wholesale cross-border payments. The Bank of Canada has joined the project, and more private institutions are expected to join as well.

The cryptocurrency market was at a critical juncture on Wednesday. After failing to break through $78,000 on Tuesday, Bitcoin's price has fallen below the $76,000 "bear market boundary" defined by Tom Lee, now approaching the support level of $75,000. Ethereum also retreated after reaching $2,150 on Tuesday, falling towards the $2,000 support, and then rebounding around $2,050. AI concept tokens RENDER, FET, and NEAR have given back most of their gains from Tuesday.Market performance diverges significantly from U.S. stocks. The S&P 500 and Nasdaq 100 index futures both hit all-time highs, rising about 0.3%. In the derivatives market, cryptocurrency futures trading volume surged 54% to $201 billion within 24 hours, with liquidation volume skyrocketing by 87%, but this mainly reflects the market's restart after the U.S. holiday. Bitcoin open interest climbed to 740,000, with a negative cumulative trading volume difference over 24 hours, indicating that traders are actively shorting through market orders. Ethereum's open interest reached a historic high of 15.57 million, but the trading volume difference is also negative, suggesting that traders are shorting contracts to bet on deeper declines after the critical technical support trendline was breached. The 30-day implied volatility index for Bitcoin rebounded from a year-to-date low, rising nearly 3% to 37.35%, indicating that the market is beginning to seek protection against potential price declines.

On May 14, BNB Chain released the "BSC Post-Quantum Cryptography Migration Report," stating that it has completed the migration testing for quantum-resistant cryptography for transaction signatures and the consensus layer, using the NIST standardized post-quantum signature algorithm ML-DSA-44 (Dilithium) and the pqSTARK aggregation scheme.The report shows that BSC has replaced transaction signatures from ECDSA to ML-DSA-44 and switched consensus voting aggregation from BLS12-381 to pqSTARK to address the potential threats posed by future quantum computing to the existing elliptic curve cryptography system. However, post-quantum signatures also significantly increase the on-chain data volume: the size of a single transaction has increased from about 110 bytes to approximately 2.5KB; the block size in a 2000 TPS scenario has increased from about 130KB to around 2MB; and the TPS in the testing environment has decreased by about 40%-50%.BSC stated that the current network bottleneck mainly comes from the larger transaction data propagation, rather than the consensus protocol itself. Meanwhile, the consensus layer aggregation still maintains high efficiency, with pqSTARK achieving a signature compression ratio of about 43:1, and the additional burden on validators remains within a controllable range. The report concludes that existing technology can achieve "quantum-resistant" deployment for blockchain, but future issues related to network bandwidth and data scalability still need to be addressed.

Alibaba (09988.HK) mentioned in its financial report that it is continuously expanding the boundaries of AI capabilities through deep innovation. Recently, by launching a series of brand new large language models and multimodal models, we have made significant progress in model intelligence. In March, we released Qwen3.6-Plus, achieving a remarkable overall performance improvement, particularly excelling in programming and agent programming, becoming an industry benchmark in front-end web development and complex warehouse-level tasks.Qwen3.6-Plus also possesses stronger multimodal perception and reasoning capabilities, with a native context window length supporting up to 1 million tokens, further enhancing stability and reliability. In addition to the Qianwen model family, we are also continuously enriching our specialized model layout, including the world model HappyOyster that supports real-time creation and interaction, as well as the multimodal model HappyHorse for video generation, both of which are currently undergoing gray testing.

According to CoinDesk, the Solana core development team Anza announced that a major consensus mechanism upgrade codenamed Alpenglow has gone live on the community test network, allowing validators to switch from the current Proof-of-Stake + Proof-of-History + TowerBFT architecture to the new consensus framework in the test cluster.The upgrade aims to significantly shorten transaction finality time and improve network response efficiency by restructuring the validator communication and block confirmation process. This test marks that validators can now perform the "Alpenswitch" migration operation in a real environment. Solana co-founder Anatoly Yakovenko previously stated that if the testing goes smoothly, Alpenglow is expected to be deployed to the mainnet as early as next quarter.

Spot gold has rebounded significantly after falling to $4500 on May 4, rising again by 2.3% this morning. The price of GOLD on Hyperliquid is currently reported at $4651, having tested this price level three times in the past seven days.In this round of increase, the well-known short-selling institution Abraxas Capital on Hyperliquid has turned from profit to loss, with an average short position price of $4650 for its 5x leveraged GOLD short position, amounting to $22 million. It is now the top holder of short positions in on-chain gold. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.

According to information from the Hyperliquid testnet, the platform is testing new event contracts, including a 15-minute cryptocurrency rise and fall market.

According to Bloomberg, Hyperliquid is proposing to add a prediction market feature to its platform, directly competing with Kalshi and Polymarket.The proposal, numbered HIP-4, is currently in the public testing phase and will allow users to place bets on the outcomes of real-world events on the Hyperliquid platform. Hyperliquid is one of the most active trading venues in the current digital asset space, and the speed and scale of its product expansion have attracted widespread attention from Wall Street.

According to Decrypt, Admiral Samuel Paparo, the commander of the U.S. Pacific Command, stated during a hearing before the U.S. House Armed Services Committee that the U.S. government is currently running a Bitcoin node for cybersecurity-related testing, but is not engaged in mining.Paparo indicated that the U.S. military's interest in Bitcoin primarily focuses on its value as a computer science tool, including cryptography, blockchain, and reusable proof-of-work mechanisms, with the aim of using the Bitcoin protocol to strengthen cybersecurity and enhance military capabilities, which is still in the experimental stage. He also mentioned that maintaining the global dominance of the U.S. dollar aligns with U.S. military interests and gave a positive evaluation of the stablecoin legalization bill, the GENIUS Act, signed by Trump last summer, believing that the bill helps to solidify the global position of the dollar.

According to Decrypt, Coinbase is testing AI agents integrated with Slack and email to provide high-level feedback to employees as virtual colleagues. The first systems are designed based on the decision-making styles of co-founder Fred Ehrsam and former CTO Balaji Srinivasan, with the "Fred" agent assisting in refining documents, strategies, and concepts, while the "Balaji" agent focuses on inspiring innovation and new perspectives.Coinbase CEO Brian Armstrong stated that the next step will make it easier for employees to create more agent employees, and in the future, agents may not necessarily be digital avatars of real people, adding that the number of AI agents at the company may soon exceed that of human employees.

DefiLlama founder 0xngmi has outlined three possible courses of action that KelpDAO may take following the rsETH hacking incident. Each of the three paths has significant flaws, and the final decision will test KelpDAO's credibility and Aave's risk tolerance.Path One: All users share the losses. KelpDAO will uniformly deduct 18.5% of the losses from all rsETH holders proportionally. Currently, there are about 666,000 rsETH collateralized across the Aave network, primarily highly leveraged on the mainnet and L2 (assuming all are at a 95% liquidation LTV). Once socialized losses occur, the equity of all positions on the mainnet will be completely wiped out, resulting in approximately $216 million in bad debt. The Umbrella protocol can cover $55 million in bad debt, and the Aave treasury will additionally bear $85 million, leaving a gap of about $76 million. KelpDAO may fill this gap by borrowing or selling Aave tokens (currently valued at about $51 million), but this would still put significant pressure on Aave, and all users would need to share the losses.Path Two: Directly rug the rsETH holders on L2. KelpDAO will only guarantee the mainnet rsETH and consider the rsETH on L2 as worthless. Currently, Aave L2 has about $359 million in rsETH collateral (calculated at current oracle prices), and if all are calculated at maximum leverage, it would result in approximately $341 million in bad debt, which cannot be covered by the Umbrella protocol at all. Aave can only use the treasury or borrowing to save part of the market, most likely abandoning chains like Arbitrum, Mantle, and Base, which have the largest losses, leading to a collapse of these L2 markets. This option has a minor impact on the Aave mainnet but would severely damage the credibility of the L2 ecosystem and could trigger a chain reaction.Path Three: Attempt to refund only the holders based on a snapshot taken before the hack, which is extremely difficult to execute. KelpDAO tries to fully refund only the rsETH holders based on the snapshot taken before the hack, while subsequent buyers or transfer holders would bear the losses themselves. However, since funds have significantly flowed after the attack, and the nature of DeFi protocols is liquidity pools, it is impossible to truly distinguish between different batches of depositors, making technical execution very challenging. The hacker borrowed $124 million on the Aave mainnet and $18 million on Arbitrum, and after deducting the coverage from the Umbrella protocol, there remains about $91 million in losses. Although this plan theoretically minimizes the spread of impact, its practical implementation is nearly impossible and could easily lead to legal and community disputes.

The DeFi yield protocol Saturn has officially launched its mainnet. In addition, its private testing phase has ended, with companies such as Flowdesk and Galaxy depositing a total of $10 million. Its stablecoin USDat is built on M0, with Galaxy, Securitize, and Clear Street as operational partners.According to a previous report from ChainCatcher, the stablecoin protocol USDat developer Saturn has completed $800,000 in financing, with participation from YZi Labs and others.

Some banks in Argentina have begun testing JPM Coin, a deposit token designed by JPMorgan specifically for institutional users. Currently, Banco CMF is one of the confirmed participants, and this financial institution expects to use JPM Coin for backend settlement workflows to improve settlement speed and efficiency.

According to Bloomberg, the Irish government officially launched the testing phase of the digital wallet on April 3 local time, which includes an age verification feature.According to a statement from the Irish Department of Public Expenditure and Reform, this digital ID will support age verification on social media platforms, aiming to protect children and adolescents from online harm.

Ant Group announced that its professional lobster product DTClaw has begun internal testing. Unlike the "ordinary shrimp" currently on the market that can only perform skills such as document organization, meeting minutes, and data collection, DTClaw is positioned as a "professional shrimp" that provides 24/7 online exclusive AI intelligent body services for professionals such as financial experts, marketing experts, and data experts.DTClaw supports hundreds of professional skills, covering high-value scenarios such as wealth management, investment, data analysis, research and development, and testing, and deeply integrates with enterprise office, finance, sales, and marketing systems to achieve workflow automation. Users can deploy it with one click, eliminating the need to start from scratch, which can save 50% of token consumption.

According to a report by Fortune magazine, documents leaked from Anthropic show that its next-generation super robot "Claude Mythos" is currently being tested, and the company believes that this robot "poses an unprecedented cybersecurity risk." Musk stated, "This is deeply concerning."

According to Cointelegraph, the revenue from decentralized applications in the Solana ecosystem has dropped to an 18-month low, and the SOL price is at risk of testing $80 again. SOL has fallen 11% to $87 in the past three days, triggering the liquidation of $25 million in long positions.The perpetual contract funding rate is close to 0%, indicating weak demand from bulls, with bears dominating leverage demand over the past month. The delta skew in the options market has risen to 12%, with put option premiums trading, showing that professional traders lack confidence in the $87 support level. Solana DApps revenue has decreased from $36 million two months ago to $22 million, marking an 18-month low.Although Solana remains a leader in DEX trading volume, it faces fierce competition in the perpetual contract trading space from Hyperliquid, which holds over 80% market share.

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.

The GMGN Agent API, designed specifically for large model and AI developers, is now officially open for internal testing. This API allows developers to perform on-chain trading operations through natural language instructions.In terms of data and functionality, this API provides real-time K-line data and research indicators covering multiple chains such as SOL, BSC, and Base, and has the capability to identify on-chain risk information such as snipers, insider trading, and high-control bundled wallets. In terms of security mechanisms, the system uses Ed25519 asymmetric encryption authentication, with private keys stored locally, and is equipped with an IP whitelist and anti-clipping protection based on a custodial wallet architecture.Currently, developers can access it through tools like OpenClaw and Claude Code (the query function only requires an API Key, while the trading function requires additional configuration of a private key). This API currently employs a whitelist application mechanism, with the official team reviewing and importing UIDs daily.