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CryptoQuant analyst Darkfost stated that a recent paper explored the possibility of implementing privacy transactions on Bitcoin, characterized by the ability to achieve this directly on Bitcoin L1 without the need for a soft fork, making privacy transactions a native feature.Darkfost mentioned that he is not a developer and lacks the relevant technical background, but this idea is quite appealing. He believes it could be an important direction for Bitcoin's evolution according to Satoshi Nakamoto's original vision, while potentially diminishing the appeal of privacy projects like Zcash and Monero.

According to official news, ZetaChain plans to convert ZETA to Solana's native SPL token at a 1:1 ratio, while retaining the original token code. The migration will not take place until ZETA holders complete the voting.The proposal also plans to introduce the privacy-focused multi-model AI application Anuma. Anuma has 300,000 users, supports unified memory across models, and has launched a beta feature for social discovery in real life. Voting will open on September 17 and last for 72 hours.

According to the latest market analysis released by CoinGecko, based on order book data from August 25 to September 7, 2026, Gate ranks among the top platforms in the mainstream spot TOP30 trading pairs Top-of-Book (L1) depth share, and holds the first position in several mainstream assets.Among the 30 trading pairs tracked, Gate maintains a lead in 7, including BTC (27.3%), ETH (37.5%), XRP (39.2%), BNB (40.4%), DOGE (35.6%), NEAR (42.19%), and USD1 (38.07%). Under the 1% depth metric, Gate ranks first in 15 of the 30 trading pairs; in terms of coverage, Gate ranks in the top two for 28 trading pairs, demonstrating the broadest liquidity coverage.From a liquidity metric closer to market prices, Gate also shows strong order acceptance capability. The spot L1 depth for BTC, ETH, XRP, and DOGE remained leading during the observation period; in the contract market, Gate's BTC perpetual and ETH perpetual L1 depth maintained a leading position throughout the observation period, with SOL and DOGE perpetual contracts also ranking high.In terms of tokenized assets, Gate's SKHYNIX perpetual contract L1 depth ranked first throughout the observation period and significantly ahead. CoinGecko points out that compared to trading volume, order book depth better reflects actual trading execution capability and potential slippage. As market participants' attention to trading execution quality continues to rise, Gate continues to strengthen liquidity construction in both the spot and contract markets, maintaining strong market depth in core assets such as BTC, ETH, DOGE, and SOL, providing ample liquidity support for trades of various sizes.

During an interview with The Block at the New York Avalanche Summit, Bart Smith, CEO of Avalanche Treasury Co., stated that the view that block space is not infinite will be tested as AI agents enter the financial market. He pointed out that as long as AI agent activities reach the lower end of market expectations, relevant activities will occur on the blockchain, "there is not enough block space, and block space is no longer infinite."Smith believes that the expected demand for block space will make the technical differences between Layer 1 networks like Avalanche, Solana, and Ethereum even more important. He stated that theoretically, there are many subtle differences between these L1s, which users currently do not need to pay much attention to due to sufficient capacity, but "these differences will become important." The former executive, who worked at Susquehanna for nearly 14 years, also believes that Avalanche is best suited for business applications involving privacy and security.Smith expects that by mid-2027, traditional financial markets will shift to trading five days a week, 24 hours a day, and existing financial infrastructure will be unable to cope with round-the-clock trading. He stated that new infrastructure must be created, and it will not be built in the old way, "but rather built on the blockchain."

The Ethereum Foundation (EF) stated that the Protocol Cluster has released two new articles that systematically assess the upcoming network upgrade Hegotá. Among them, the "Hegotá EIP Opinion Post and Tier List" evaluates and ranks the currently proposed 62 EIPs, marking the first time the team has published a unified EIP rating list for a major network upgrade.It was reported that approximately 60 researchers, engineers, and domain experts from 9 teams under the Protocol Cluster participated in the review, submitting a total of 397 rating opinions and engaging in live discussions on controversial proposals. The accompanying article outlines the current and future key directions of the Ethereum protocol layer, with one core goal being to promote Ethereum L1's quantum resistance by December 2029.The Ethereum Foundation indicated that the aforementioned upgrade plans, long-term commitments, and shared priorities at the cluster level provide the contextual basis for finalizing the scope of the Hegotá upgrade and the EIP ratings. Additionally, the Protocol Cluster will hold an AMA on September 16 at 14:00 UTC in the r/ethereum community on Reddit to discuss topics such as the Hegotá EIP ratings and key protocol developments.

Global Macro Investor founder and CEO Raoul Pal published a discussion on how to value L1. He used Ethereum as an example, stating that if it were to shut down, all stablecoins, DeFi, all L2s, and NFTs on it would go to zero.Pal indicated that L1 attracts assets, capital, and velocity due to its intellectual density. Ethereum has the most developers, programmability, and a complete ecosystem. He has repeatedly heard the DCF argument and believes it is meaningless; the valuation target is not cash flow, but everything guaranteed by the chain.He stated that as we enter the era of indices, the entire human economy and the new intelligent economy will be on-chain, and immense value will accumulate in these foundational layers, which is evident.

ARK Invest's Director of Digital Asset Research, Lorenzo, stated that the latest improvement proposals from Solana and Ethereum are surprising. The market has indicated that Hyperliquid and others are posing strong competition, but the relevant communities are still taking time to adjust inflation arrangements and CU restrictions, which may further decrease the competitiveness of applications. He believes that L1 should prioritize how proposals can enhance network competitiveness, promote growth, and attract more consumer-grade applications and users.Lorenzo pointed out that for Solana, this is certainly not the time to be entangled in the value accumulation of token holders versus cash flow, or to increase the costs for application developers. It is essential to first prove that the pie can be expanded 100 times before discussing how to allocate it. Although in the future, it will be necessary to price high resource-consuming transactions more finely and address token value accumulation, if market share is seized by HYPE, there will be no value to accumulate. The current priority should be to expand the pie 100 times.

The Arbitrum development team stated that they are introducing zero-knowledge (ZK) proofs into the Arbitrum platform to achieve a multi-proof settlement model. Through ZK proofs, the settlement time of Arbitrum blocks to Ethereum L1 is expected to be reduced from several days to several hours, while enhancing user, cross-chain bridge, and protocol capital efficiency, and maintaining security through the multi-proof mechanism. Related capabilities are aimed at Arbitrum One and dedicated chains based on the Arbitrum platform. Offchain will subsequently submit upgrade proposals to the DAO.Current progress includes: the ability to run the same state transition functions in SP1 zkVM as in optimistic execution, generating ZK proofs for real mainnet block production; Stylus's WASM contracts can be proven alongside Solidity contracts; the team has launched an independent Rust verifier, making ZK proofs a first-class mode alongside standard verification; the BoLD settlement protocol has supported the acceptance of ZK proofs and is endorsed by a fast confirmation committee, while the original dispute games still serve as a fallback path, forming a multi-proof architecture that coordinates ZK proofs, proof committees, and fraud proofs.The team claims to be continuously reducing proof costs and will gradually merge related code into the Nitro main production path. The next steps include further optimizing proofs and shifting to Reth-based execution, completing L1 message inbox proofs, and integrating ZK settlement capabilities into node configurations for on-demand activation across chains.

Matthew Sigel, the Head of Digital Asset Research at VanEck, stated that if the U.S. CLARITY Act is passed, it will trigger "an enormous relief rally" in L1 tokens.Sigel's remarks focus on the potential impact of regulatory progress on native assets of public chains. The CLARITY Act aims to provide a clearer regulatory framework for digital assets, and the market generally views it as one of the important legislative variables affecting the risk appetite for crypto assets.

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.

Ten European financial institutions have jointly launched Regulated Layer One (RL1). This network has been established and is operational in Luxembourg as a European cooperative, targeting regulated financial markets and tokenized assets. The founding members of RL1 include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 indicates that each member has equal decision-making power in network governance and development.This private permissioned network is based on the infrastructure developed by the German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT states that the platform has processed over 50 transactions amounting to more than 700 million euros during its three years of production use. The intended uses of RL1 include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr, and KfW and L-Bank will continue to support the initiative. RL1 is in discussions with more institutions, including NatWest, about joining the network.

Forma announced on the X platform that after careful consideration, it has decided to shut down Forma Chain due to the unsustainability of operating the chain.As a transitional solution, Modularium and Forma NFT will migrate to Ethereum L1 to ensure the permanent existence of artworks and the marketplace. After the migration, NFTs will still be accessible and can be traded on OpenSea or other Ethereum marketplaces, with Modularium continuing to serve as the display platform for these collectibles.The team strongly recommends that users withdraw funds via the Forma bridge. Any funds not withdrawn in a timely manner will be manually migrated to an EVM-compatible chain to be announced later.The team emphasizes that user funds and NFTs are safe, and a specific timeline and migration steps will be announced subsequently.

According to official news, the one-stop trading platform Dango team announced that due to various reasons, the project has no viable path to achieve sustained commercial success and has decided to shut down. The team emphasized user fund safety, withdrawal restrictions will be lifted in the short term, and advised users to close positions and withdraw funds as soon as possible, while reminding that current liquidity is expected to be thin, and caution should be taken regarding slippage risk.At 20:00 Beijing time on July 29 (12:00 UTC), Dango will stop trading, and remaining positions will be closed at oracle prices. DLP gold deposits will be unlocked, and all funds will be returned to users' spot accounts in the form of USDC.At 20:00 Beijing time on August 13 (12:00 UTC), the Dango L1 blockchain will cease operation. At that time, any deposits that have not been withdrawn will be refunded to the user's original Ethereum deposit address.

TxFlow L1 announces the launch of its second Channel Probly, which is the first prediction market application developed based on the TxFlow Improvement Protocol 3 (TIP3). When Probly goes live, it will offer 172 real-time markets covering over 7,000 events, including continuous rolling markets with a minimum duration of 5 minutes, and supports full on-chain settlement and TxFlow L1 shared financial infrastructure.Probly covers 15 categories including politics, sports, crypto, finance, and geopolitics, and provides prediction markets related to BTC, ETH, SOL, and XRP price trends for 5 minutes, 15 minutes, 1 hour, and 4 hours. Users can access Probly through an email-based embedded wallet without managing mnemonic phrases, and can also connect compatible wallets such as MetaMask, Coinbase Wallet, Phantom, and Uniswap Wallet. Eligible settlement amounts will be automatically credited in USDC after the event resolution, without the need for separate claims.