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Justin Drake posted on the X platform that Ethereum L1 will no longer use the SNARK-friendly hash function Poseidon, which has dominated since 2019, and will instead turn to traditional hash functions such as SHA2 or BLAKE2s.This adjustment is based on advancements in the field of SNARK design, shifting the focus from "SNARK-friendly hashing" to "hash-friendly SNARK." By aligning Boolean operations in traditional hashing with binary field native, the proof performance of traditional hashing in SNARK has reached 1 million per second, with an overhead of about 100 times.Research from Binius and Flock has driven relevant progress. The Ethereum Foundation's post-quantum team is advancing this route, with a roadmap that includes deploying production-level leanVM in 2027, and deploying in the consensus layer, execution layer, and data processing layer in 2028.Justin Drake also stated that the enhanced capabilities of AI in cryptanalysis have recently led to setbacks for the lattice-based scheme HAWK and the homomorphic scheme SQIsign, with hash-based schemes being used for post-quantum signatures on the blockchain. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.

According to Harmony monitoring, Harmony stated that it is advancing the rollback plan and has reached an agreement with validators and exchanges on the specific path. The minting vulnerability fix has been activated, and a complete list of attacker wallets will be announced soon.Previously, the number of ONE tokens abnormally minted on the Harmony network had exceeded 30 trillion, involving 6 abnormal blocks.

Harmony stated that it is collaborating with internal teams and relevant exchanges to attempt to stop and freeze the flow of related funds. A patch and rollback plan are also being developed. Further information will be updated in a timely manner.

Crypto journalist Eleanor Terrett posted on the X platform that although the U.S. Senate has postponed the key procedural vote on the CLARITY Act until September, regulators are preparing to advance their own cryptocurrency issuance rules framework. The Senate previously failed to complete the procedural vote on the CLARITY Act, and the related agenda has been postponed until September. Senate Majority Leader John Thune has submitted a procedural motion, and a new voting window is expected around mid-September.Meanwhile, the U.S. Securities and Exchange Commission (SEC) is preparing a new rule proposal for cryptocurrency asset issuance activities. Market participants believe that even if the legislative process for the CLARITY Act is delayed, regulators may still push for digital asset market structure reform through administrative rules.Analysts point out that in the coming months, the U.S. crypto regulatory path may see a "dual-track advancement": on one hand, Congress continues to push market structure legislation like the CLARITY Act; on the other hand, the SEC may establish a regulatory framework for token issuance, trading platforms, and digital asset service providers through rulemaking.

Cregis Custody FZE announced that it has received the In-Principle Approval (IPA) granted by the Dubai Virtual Assets Regulatory Authority (VARA), marking a significant milestone in its application for a Virtual Asset Service Provider (VASP) license.Upon completing the subsequent regulatory requirements and obtaining final approval, Cregis Custody FZE will launch regulated digital asset custody services.

According to the Financial Times, several Wall Street giants are collaborating with Nvidia to jointly advance a $500 billion artificial intelligence financing plan.

According to Taiwanese media reports, Intel's next-generation advanced packaging technology EMIB-T is facing severe yield challenges. ABF substrate supplier Unimicron stated during its earnings call on July 29 that the technology is "not yet mature," and the yield target for three EMIB-T substrate suppliers (Unimicron, Ibiden, and Shinkawa) during the initial mass production phase at the end of 2027 is only 50%.EMIB-T is Intel's advanced packaging solution that competes with TSMC's CoWoS-L, differing in that it embeds the silicon bridge directly into the substrate rather than using a silicon interposer, making substrate suppliers a key factor in determining success or failure. Google's ninth-generation TPU has confirmed that it will adopt EMIB-T packaging when it goes into mass production in 2028, with MediaTek responsible for chip co-design. If the chip successfully goes into mass production, its shipment volume is expected to challenge NVIDIA. Unimicron stated that the customer (Intel) has provided a profit guarantee mechanism, ensuring that suppliers can remain profitable even if yields are poor, and that profit margins will exceed the company's average level after achieving the 50% yield target. Currently, there is still considerable uncertainty about whether EMIB-T can achieve its mass production target by the end of 2027.

U.S. Vice President JD Vance stated in an interview with Fox News that Iran has informed the U.S. that it currently has "no" plans to impose tolls in the Strait of Hormuz. "Some people within the Iranian regime will certainly talk about imposing tolls. But the Iranian side has told us that they do not have plans to impose tolls in the Strait of Hormuz; they have already informed us that they would do so, and the entire Gulf Cooperation Council hopes so as well.But you know, we are not gullible; we will verify. What we are concerned about is not people's words, but their actions."

White House cryptocurrency advisor Patrick Witt posted on the X platform that the U.S. Congress has been pushing for cryptocurrency market structure legislation for many years, and the Senate has been negotiating the CLARITY Act since last summer. However, in the past week, Chuck Schumer and so-called "pro-cryptocurrency Democrats" blocked the bill from undergoing procedural voting before the recess and requested further delays.Patrick Witt warned that if the bill does not make progress before September 15, the likelihood of it passing in the future will be significantly reduced.

U.S. Senate Majority Leader John Thune has moved to terminate the debate procedure on advancing the Clarity for Digital Assets Markets Act (CLARITY Act) into Senate consideration, with the Senate scheduled to hold a procedural vote on September 15. The vote is expected to take place at 2:15 PM Eastern Time after the Senate reconvenes that day.The motion requires 60 votes in support, meaning Republican senators will need Democratic support to pass the procedural threshold. The two parties are currently negotiating on issues such as ethical standards and stablecoin reward rules, with related disagreements causing the bill to fail to reach consensus before the August recess.This vote only concerns whether to initiate the bill's consideration process and does not represent a final vote on the bill or guarantee its passage in the Senate. The CLARITY Act aims to establish a federal market structure for digital assets and clarify the conditions under which certain crypto assets are subject to securities or commodities laws, as well as the regulatory responsibilities of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.

The European Union (EU) has decided to review the current regulatory framework for crypto assets and stablecoins, even as the European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union is still consulting on whether to review the MiCA-related stablecoin provisions. This review aims to address the issue of non-EU stablecoin issuers being unable to obtain licenses due to current requirements.The review will be influenced by the passage of the U.S. GENIUS Act and the Trump administration's push for stablecoin policies. The current framework does not include major foreign stablecoin issuers, including Tether, and Patrick Hansen, Senior Director of Stablecoin Strategy and Policy at Circle, stated that this leaves European crypto users unprotected or isolated. EU diplomats will also assess whether to expand the scope of MiCA to include tokenized payment methods and tokenized deposits. The transition period for MiCA, aimed at crypto asset service providers, ended on July 1, and the framework was approved by the EU Council on May 16, 2023, with some provisions based on market conditions from over three years ago.

The Solana community is advancing two governance proposals aimed at reducing the new issuance of SOL and increasing the scale of network fee burns, thereby tightening the token supply. Among them, governance proposal SIMD-0553 suggests introducing a resource consumption-based transaction fee mechanism, charging fees based on the network resources consumed by transactions. It is expected to increase the daily burn of SOL from the current approximately 650 coins (about $47,000) to between 7,500 and 9,000 coins (about $650,000).Another proposal, SIMD-0550, plans to double the rate of decline in SOL's annual inflation, bringing the minimum inflation target of 1.5% forward to 2029 instead of the originally planned 2032. This plan is expected to reduce the issuance of approximately 18.9 million SOL over the next six years, valued at about $1.36 billion at current prices. Currently, both proposals have received support from some validator nodes. As of the latest data, approximately 24.94 million SOL have participated in signaling votes, accounting for 5.8% of the 4.3265 million staked SOL, still about 39.95 million SOL short of the 15% threshold required to enter the formal voting phase. The deadline for supporting signals is August 18.A total of 16 validator nodes have expressed support, with the infrastructure company Helius contributing approximately 16.03 million SOL, accounting for nearly two-thirds of the current support. However, even if SIMD-0553 is successfully implemented, SOL will not immediately enter a deflationary state. Based on a maximum daily burn of 9,000 coins, it is still lower than the current daily new issuance of about 60,000 coins. Therefore, the community is advancing the burn mechanism and the reduction of issuance as linked reforms. If the proposal receives sufficient support from validator nodes, the Solana network will improve its long-term token economic model through a dual mechanism of "reducing new supply + increasing burns."

According to Jinshi reports, the White House does not plan to publicly release its new framework for evaluating advanced artificial intelligence models; relevant details will only be provided to companies participating in the process. Companies, policymakers, researchers, and U.S. allies that are not involved in the process will not be able to understand how the government plans to implement one of its key artificial intelligence policies.The White House held a meeting with industry representatives to discuss the recently completed framework, and companies that were not invited to the meeting still do not understand the content of the framework.

According to Bitcoin Archive, SEC Commissioner Hester Peirce stated that she remains optimistic about the U.S. Congress passing the CLARITY Act and mentioned that there is still much that can be done even if the bill does not pass.Hester Peirce pointed out that the SEC will continue to advance relevant work, and regardless of whether the bill passes, the SEC will strive to push forward; even if the CLARITY Act fails to materialize, regulators still have significant room to promote the construction of a digital asset regulatory framework.Hester Peirce has previously called for clearer regulatory rules for crypto assets, believing that a clear market structure helps the U.S. maintain competitiveness in the digital asset space and reduces the long-term uncertainty faced by the industry.

Bitcoin News posted on the X platform that new evidence shows the anonymous switck account that wrote the LibNgU code may actually be Peter Gray, co-founder and CTO of Coinkite, as the code is at the core of the COLDCARD entropy failure incident.Researchers claim that Gray's GPG key signed dozens of switck submissions, and other identifiers seem to link the two identities. Bitcoin developer James O'Beirne stated that he warned Coinkite in May 2025 that the RNG implementation of LibNgU looked suspicious and suggested removing it, but he said the response was that any issues should have already been discovered. Screenshots also show that as early as April 2021, users had already questioned the rewrite of LibNgU.If these findings are accurate, it means that the engineer who introduced the code was later associated with the theft of over 1,800 BTC and had received direct warnings about the RNG implementation more than a year before the vulnerability was publicly disclosed.

According to Jinshi reports, DDN has partnered with NVIDIA (NVDA.O) to advance GPU-driven data access technology.

According to DIGITIMES, industry insiders revealed that the three major memory manufacturers have completed the capacity allocation negotiations for the entire year of 2027 in advance, with both DRAM and HBM capacities sold out. In terms of NAND Flash, although it is not as tight as DRAM, it is expected that the capacity will also be fully booked by the end of August 2026. ADATA Chairman Chen Libai confirmed that applications related to HBM and AI servers will account for nearly 70% of DRAM capacity, while the supply of DRAM for PCs and mobile phones will be relatively limited.Industry assessments indicate that Samsung, Micron, and SanDisk's NAND capacity for the entire year of 2027 has also been pre-sold, with Kioxia and SK Hynix expected to confirm by the end of August. SK Group Chairman Chey Tae-won previously stated that the demand for AI semiconductors in 2027 is expected to increase by 60-100% compared to 2026, with storage demand expected to grow by 50-60%, leading to a potential widening of the supply-demand gap and possibly facing "the most severe shortage in history." Industry insiders pointed out that the capacity allocation model is more orderly compared to 2026, but the amount that manufacturers can provide is usually only 60-70% of customer demand, leaving some small and medium buyers still facing the dilemma of having no products to purchase. The price increase of memory may slow down in 2027, but remaining high could become the norm.

Analyst Murphy stated that there have been consecutive transfers of over 65,000 BTC in a single day in the past two days (excluding internal transfers within the same entity), leading to a significant decrease in the net holdings of long-term holders (LTH). He pointed out that LTH net holdings have changed the previously continuous upward trend since May, remaining stagnant until July, which is a rare phenomenon in the past year.Murphy mentioned that nearly 14,000 BTC were transferred to exchanges, for example, a publicly listed company under Trump transferred 2,628 BTC to the Crypto.com exchange, which is part of this. The remaining destinations and purposes of the LTH net reduction are still unknown.He also listed current macro-level risk points that may impact BTC, including the Federal Reserve's recent interest rate cut with a 9 to 3 split vote, conflicts in the Middle East and oil prices, the highly concentrated valuation of the AI sector in the US stock market relying on debt and private credit financing, and the yen carry trade positions accumulating again to a nearly historically extreme net short state, while also noting that the sensitivity of the current BTC chip structure may amplify the above risks.