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block

Block, Inc. (NASDAQ: SQ) is a technology company focused on financial services and digital payments. The company was founded in 2009, originally named Square, Inc., and was renamed Block in 2021 to reflect its expanding product portfolio. The company operates Square merchant payment solutions, Cash App (which offers peer-to-peer payments and Bitcoin transactions), Afterpay (which provides buy now, pay later services), TIDAL (which offers music streaming services), Bitkey (which provides self-custody Bitcoin wallets), and Proto (which offers Bitcoin mining services).
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Chainalysis plans to launch an on-chain tracking standard system, proposing an "address clustering ontology" to unify blockchain forensic methods

According to CoinDesk, blockchain analysis company Chainalysis has released a new methodological proposal aimed at establishing a unified on-chain fund tracking standard framework for law enforcement agencies and investigators, to identify address clusters and determine their possible control relationships.The proposal defines the on-chain analysis structure in the form of "ontology," focusing on systematically breaking down the currently unstandardized concept of "cluster" in the industry into wallet segments and functional roles, and describing on-chain relationships through a two-layer structure: the first layer defines the transaction graph structure, and the second layer assesses inference confidence.Chainalysis stated that the framework aims to enhance the interpretability and legal applicability of on-chain forensic methods, and is designed and validated based on its practical experience in relevant cases within the U.S. Department of Justice, including the analytical application in the mixing service Bitcoin Fog case.The company's Chief Scientist Jacob Illum pointed out that the goal of the proposal is to answer "on what evidence basis can these addresses be considered to belong to the same entity," while emphasizing that on-chain analysis itself cannot directly identify the ultimate user identity and still requires legal investigative methods combined with centralized entities such as exchanges.Chainalysis indicated that the standard proposal is currently open for discussion within the industry, hoping to promote the formation of more unified technical specifications for on-chain analysis methods in the fields of law enforcement and compliance.

Blockchain data infrastructure company Cambrian has completed a $6 million seed round financing, led by Franklin Templeton and Polychain

Blockchain data infrastructure startup Cambrian has completed a $6 million seed round financing, led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.Cambrian also previously secured $5.9 million in pre-seed financing led by a16z Crypto Startup Accelerator, bringing the total funding to $11.9 million. It is reported that Cambrian was established in 2024 and currently provides APIs for institutions and AI Agents, covering real-time and historical on-chain data such as yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain.The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI Agent builders, and protocols that need reliable data to control the flow of funds. Unlike traditional oracles that mainly provide price data, Cambrian aims to aggregate lending protocol data, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexing approximately $4.5 billion TVL across four major lending protocols, tracking 1,789 vaults under 895 curators, and monitoring over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support, adding Hyperliquid and richer perpetual contract data.

NEAR announces the next major protocol upgrade SPICE, which will shorten the block time to 200 milliseconds

NEAR officially announced the next major protocol upgrade SPICE (Separation of Consensus and Execution), which is a key step towards Nightshade 3. After the upgrade is completed, the NEAR block time will be reduced from the current 600 milliseconds to 200 milliseconds, achieving about a 3x speedup, approaching the maximum speed allowed by physical conditions. The core of SPICE is to decouple the consensus layer from the execution layer, allowing validators to complete block consensus without waiting for transaction execution, thereby reducing latency and supporting more complex, time-consuming transactions.NEAR stated that this upgrade will be the largest underlying architecture change since Stateless Validation in 2024. After the upgrade, the transaction experience of applications such as NEAR Intents and near.com will be further enhanced. Defuse Labs CEO Alex Shevchenko indicated that the final confirmation time for NEAR is expected to drop to about 0.4 seconds, faster than Visa's standard of about 3 seconds, achieving a payment experience close to "completed in the blink of an eye."NEAR also mentioned that faster block times are crucial for the AI Agent economy, enabling high-speed payments and complex transactions between agents, and allowing longer tasks to be executed across multiple blocks. Additionally, SPICE will pave the way for Nightshade 3 and lay the foundation for achieving cross-shard atomic execution in the future. The NEAR development team stated that this will help address the development complexity and potential vulnerabilities brought by asynchronous environments, improving network scalability and security.
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