Vitalik revised the Ethereum roadmap, raising quantum security priority while downgrading VDFs and most EVM improvements.
Verkle trees are replaced by ZK-friendly PBT. Privacy is now a core goal with privacy pools, wormholes, and keyed nonces. New features include zkzk-frames and leanSPHINCS for post-quantum scaling.
The spec is streamlined for formal verification with AI. The focus is on specialized scalable mechanisms, favoring STARKs and AI over rushing upgrades.
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Strategy plans to return to active Bitcoin purchases within this year. After a seven-week pause, the company is temporarily increasing its dollar reserves, which have reached $4.75 billion. Since the start of this year, Strategy has bought 175,000 BTC and sold about 7,000 BTC.
The CEO noted the current bear cycle has lasted around eight months, consistent with historical patterns for BTC. He emphasized Strategy faces no financial issues, holding roughly $55 billion in Bitcoin and enough funds to cover dividends for about 2.7 years.
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Arthur Hayes outlines a US-Japan strategy to strengthen the yen, now undervalued and frustrating the US, China, and Japan. Raising rates by the Bank of Japan risks crashing Japanese bonds. Forcing Japan to sell US assets would destabilize Treasuries.
Japanβs Ministry of Finance pledges US Treasuries to the Federal Reserve via FIMA, using the dollars to buy yenβcreating fresh Fed money. This requires lifting the $60 billion FIMA cap and letting GPIF join.
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Bitcoin miners' revenue from network transactions has fallen to 0.69% of total earnings, a decade low. Mining one bitcoin costs $78,254 while the price is around $64,100, making mining unprofitable without a price rise.
The network's computing power dropped 33% since October last year, from 1.3 ZH/s to 898 EH/s. Many firms now shift their supercomputers to AI tasks.
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Hyperliquid currently blocks US users due to regulatory risks. Its Policy Center is negotiating with the CFTC to establish a workable framework for on-chain decentralized perpetual futures.
In May, the CFTC approved the first regulated perpetual futures in the US, such as those on Kalshi, and eased routing through foreign platforms. However, direct access to Hyperliquid remains closed for US residents. HYPE rose 2% briefly.
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Trump Media launched Truth API, offering traders and hedge funds ultra-fast access to posts from ten key Truth Social accounts, including Trump, for about $1.2 million per year.
The Intercept and Freedom of the Press Foundation, backed by CREW, sued Trump over selling early access to his official statements. They argue this gives paying clients earlier access to government info than journalists and the public, violating the First and Fifth Amendments.
For $1.2 million annually, clients get Trump's posts milliseconds before others, a potential edge for algorithmic trading.
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Netflix announced the premiere date for the series The Altruists, which depicts the collapse of FTX on November 19. The story centers on Sam Bankman-Fried and Caroline Ellison, two idealists accused of embezzling $8 billion. FTX went bankrupt in November 2022, and Bankman-Fried was arrested the following December.
Julia Garner and Anthony Boyle star as Ellison and Bankman-Fried. The eight-episode series is partly based on articles from New York Magazine.
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