migration

Polymarket's Vice President Josh stated on platform X that the team is fully developing a complete Central Limit Order Book (CLOB) based on Rust, as the current CLOB is the root cause of most issues on the platform.According to the plan, the complete order lifecycle process, including trading, settlement, on-chain interaction, indexer, and engine notifications, will be completed in the testing environment in October; in November, all production traffic will be mirrored to the new trading cluster, and results will be compared with the existing system. At the same time, testing permissions will be opened to market makers, and the migration switch plan will be locked in, with two complete drills to be completed before the official switch.Josh also mentioned that if progress goes smoothly, the new system will be officially released, and the migration is expected to require little or no changes for market makers and developers.

Binance will support the migration of Zilliqa (ZIL) from the Zilliqa mainnet to the ZILEVM network. Binance has suspended deposits and withdrawals for the Zilliqa mainnet on August 5, 2026, at 09:00. After the migration is complete, deposits and withdrawals through the ZILEVM network will be opened.

The official post from Switchboard Foundation Group (@SwitchboardFDN) announces the formal closure of the decentralized oracle protocol Switchboard, with all support ending on September 25, 2026.Switchboard stated that the widespread adoption of AI technology has reduced the pricing power of oracles, the bear market has compressed new chain budgets, and the trend of direct collaboration between institutions like Hyperliquid and S&P has weakened the value proposition of third-party oracles. After exhausting all alternatives, the core development contributor Switchboard Technology Labs Inc. has decided to cease operations, and all implemented versions are deprecated as of today.Protocols currently relying on Switchboard must immediately migrate to other oracle service providers, with the official recommendation being Pyth or Redstone as alternatives. The technical support team will provide migration guidance in the final week.

According to Cryptopolitan, over 100 researchers, using AI coding agents, have reduced the quantum attack resource score for the Bitcoin secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targets a single step in Shor's algorithm and does not break any private keys or transfer funds; a complete attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency improvement compresses the time window for quantum migration after blockchain completion.According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) face potential quantum risks due to exposed public keys on-chain. Ethereum plans to achieve full quantum resistance by December 2029, while the Bitcoin community faces greater challenges at the governance level, including how to handle approximately 1.7 million suspected dormant P2PK address coins held by Satoshi, which remains unresolved.

Pine Analytics released the Zcash Q3 2026 report. Ironwood was activated on July 28 at block 3,428,143, and within five weeks, holders migrated 87% of their Orchard balance, with the new pool holding 3.84M ZEC as of August 31. The shielded supply increased by 9.9% to 4.86M ZEC, with the shielded ratio rebounding from 26.3% to 28.7%, recovering 440K from the 745K unshielded ZEC in June.The price of ZEC rose from $407 on June 30 to $836 on August 31, an increase of 106%. Grayscale ZCSH converted to a spot ETF, with assets growing from $155 million to $346 million. Mining difficulty rose by 35%, reaching an all-time high, with two corporate miners committing approximately $65 million in hash power. NU7 has no mainnet height yet, and holders will vote until September 14 to decide whether to launch before September 30 with a 25-second block time and smooth issuance; there are still 470K ZEC remaining in Orchard.

Coinbase announced that it has collaborated with Stanford University cryptography professor Dan Boneh and Localhost Research to hold a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, gathering Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss the technologies and migration plans for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing, post-quantum cryptography, and various post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's anti-quantum planning, the practical requirements faced by institutional custody businesses, and how to introduce post-quantum security mechanisms for Bitcoin through new output types. Participants believed that rather than predicting when quantum computing will pose a real threat to existing cryptographic systems, it is more important to establish well-tested response plans in advance.Quantum computing does not currently pose an urgent crisis, but the earlier research and coordination begin, the better we can avoid hasty network upgrades and asset migrations under pressure in the future. However, there is currently no consensus on a single post-quantum solution. Different solutions involve trade-offs in terms of security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants felt that Bitcoin's anti-quantum measures cannot rely solely on protocol layer upgrades, but must also consider how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.

The G7 Cybersecurity Working Group stated in its latest report that quantum computing poses security threats to both public and private institutions, as well as economic threats, and relevant organizations should begin migrating to post-quantum cryptography (PQC) immediately. The working group noted that the migration process could take several years, and attackers can currently collect and store encrypted data to decrypt it once sufficiently powerful quantum computers become available.Quantum computing may also break digital signatures, leading to identity theft and exposing businesses and their supply chains. The report did not mention cryptocurrencies, but similar public key cryptography is used for blockchain wallets and transaction authorizations. Currently, quantum computers are unable to break Bitcoin's cryptography, but developers are considering post-quantum solutions such as BIP-360. Ethereum researchers plan to replace several cryptographic components used by accounts, validators, and applications. The Solana Foundation has tested post-quantum signatures on its testnet and launched an optional hash-based vault. The G7 working group also urged governments to support relevant research, public-private collaboration, and national PQC strategies.

OKX will open the USDⓢ spot trading pair corresponding to the USDC spot trading pair at 4:00 PM on September 23, 2026, and will delist the relevant USDⓢ spot trading pairs except for USDT-USDⓢ at 4:00 PM on September 30. Users need to switch to the corresponding USDC trading pair in advance to trade.

Ayo Akinyele, Senior Director of Engineering at Ripple, stated that the company is developing a four-phase quantum-resistant migration plan for the XRP Ledger, aiming to complete the transition before quantum computers become a real threat. The plan includes assessing the network's exposure, testing quantum-resistant cryptographic solutions, running existing security systems in parallel with quantum-resistant alternatives, and preparing emergency response pathways for scenarios where quantum computing advances exceed expectations.Akinyele emphasized that migration is not just about replacing a cryptographic algorithm, but requires more flexible infrastructure, stronger key management, and clearer upgrade paths. The XRP Ledger has supported changing the keys that control accounts without altering the accounts themselves, a feature that is expected to reduce the difficulty of future migrations, but independent validators on the network still need to coordinate any broader rule changes.Meanwhile, Anthropic's model last month reduced the workload required to break leading post-quantum signature candidates by 67 million times, and Bitcoin and Ethereum developers also released their respective migration plans this week. Akinyele pointed out that AI and quantum computing are different technologies, but they are driving financial infrastructure to evolve in the same direction, as AI agents begin to trade and pay autonomously, raising new requirements for payment infrastructure that is always online and natively internet-based.

Lisk announced that it is transforming into a modern funding operations platform aimed at financial teams. As part of this transition, Lisk Chain will gradually shut down, and the team has established an optional migration path to Celo for builders currently deployed on Lisk.In the relevant statement, Lisk introduced the key points of the migration arrangements to builders, emphasizing that this path is available for existing deployed projects to voluntarily choose in order to continue advancing their business during the shutdown process of the Lisk chain.

According to ChianCatcher news, OKX founder Star tweeted that the team completed a significant engineering milestone last week, successfully migrating a high-traffic core trading system from one country to another with zero user-visible downtime. The only impact was a temporary increase in latency of about 30-40 minutes. The team believes this may be the first achievement of its kind in the industry at this scale. Migrating a key trading system while maintaining uninterrupted service, data integrity, and trading continuity is extremely challenging.

Starknet announced that it has completed the quantum-resistant signature transfer test, where a wallet account using a quantum-resistant signature mechanism completed a real transfer on the Starknet mainnet, with a transaction fee of about 6 cents, and can be queried through the block explorer. This account is currently an experimental, unaudited version, mainly used for research testing. StarkWare stated that this transfer benefits from the design of the Starknet account model.Unlike most blockchains that fix the signature algorithm at the protocol layer, each account on Starknet is a smart contract that can autonomously define the accepted signature schemes, allowing users to upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without hard forks, asset migrations, or changing addresses. StarkWare pointed out that most blockchains face quantum computing risks because wallet signatures and underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers appear, running Shor's algorithm could potentially break the related encryption systems. Currently, the Starknet ecosystem supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization process, with relevant implementations promoted by ecosystem teams and organizations such as OpenZeppelin.

As the suspected hacking incident involving the Coldcard wallet continues to unfold, Bitcoin microtransaction activity has surged, reaching its highest level since the FTX exchange collapse, prompting renewed discussions in the market about the security of self-custodied Bitcoin.CryptoQuant's research director Julio Moreno disclosed data showing that the number of Bitcoin transactions under 1 BTC circulating on-chain has risen to its highest level since November 2022, with approximately 39,600 BTC transferred in a single day, just about 300 BTC lower than the record set on November 16, 2022 (39,900 BTC) a few days after FTX filed for bankruptcy. He believes that users taking proactive measures to address risks is a positive sign.Additionally, Bloomberg ETF senior analyst Eric Balchunas believes that Bitcoin ETFs, with their mature regulatory framework and convenience, may provide a safer investment option for some users.

According to Daum, the South Korean stock market has recently experienced increased volatility, with investors' risk appetite significantly cooling, and funds are flowing back from the stock market to safer assets such as banks. Due to adjustments in the semiconductor sector and stricter regulations on leveraged investments, the funds waiting to be invested in the South Korean stock market are rapidly withdrawing, leading to a phenomenon of "reverse capital migration."Data shows that by the end of July, the balance of time deposits at the five major banks in South Korea (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won compared to the end of the previous month, marking the largest monthly increase this year.There has also been a noticeable contraction in funds around the stock market. Data from the Korea Financial Investment Association shows that the deposits in investors' securities accounts (funds waiting to be invested in stock trading) reached a historical high of 139.69 trillion won on June 4, but had fallen to 107.20 trillion won by July 28, a decrease of over 32 trillion won in less than two months. The balance of credit trading financing, which represents the scale of market financing transactions, also dropped to 33.19 trillion won during the same period, down approximately 4.5 trillion won from the peak of 37.72 trillion won recorded on July 2, a decrease of about 12%.

Crypto KOL Phyrex posted on platform X, stating, "BitMart and BitMex did not close due to a collapse; it is very different from the sacrifice of FTX. These two primarily faced business issues."According to him, in 2023, BitMart had approached his associates about an acquisition, and they had done a lot of data analysis at the time, but it ultimately came to nothing. In fact, part of the decline of many third-tier exchanges is due to the impact from Binance Alpha.Small exchanges are essentially the stronghold of various altcoins, pump coins, Ponzi coins, and community coins, but the emergence of Alpha has provided better sources for these coins, which has also led to a significant reduction in listing fees for third-tier exchanges and a decrease in profits from joint market-making.Another reason is the signal teachers. In fact, the total number of signal teachers is not very large, but they have waves of associates. These teachers generally move between various exchanges, and once a new exchange offers better profits, these teachers quickly lead their followers to switch. The recent well-known cases of exchanges running away generally follow this pattern.

Japan's largest securities token issuance and management platform, Progmat, has completed its migration to the Avalanche blockchain, transferring all managed tokenized assets worth over 452 billion yen (approximately 2.7 billion USD) from a Corda 5-based permissioned chain to a dedicated Avalanche Layer 1. This migration was announced in February this year and was completed as scheduled, without affecting the normal operations of financial institutions.Progmat stated that the new architecture no longer relies on a single blockchain and can support future multi-chain expansion. All smart contracts have been migrated to the EVM environment, and while maintaining the original functionality, the speed of asset rights transfer processing has increased by 3 to 5 times, with the final confirmation time for transactions reduced to under 2 seconds. Progmat was initially incubated by Japan's largest bank, Mitsubishi UFJ Trust and Banking Corporation (MUFG), and became an independent operation in 2023. It currently has the support of major Japanese financial institutions such as Mizuho Bank, Tokyo Stock Exchange, and SBI, holding a 53% market share in Japan's securities token market and accounting for 64.6% of the total issuance scale of securities tokens, covering most tokenized real estate and corporate bond projects.In addition, Progmat established a working group for the tokenization of Japanese government bonds and on-chain repurchase (Repo) in May this year, collaborating with asset management institutions, banks, and securities companies to research the tokenization of Japanese government bonds and explore application scenarios such as 24/7 trading and T+0 real-time settlement.

The decentralized prediction market World.xyz announced on platform X that after a review by the team over the past 24 hours, it has decided to migrate from Solana to Robinhood Chain, stating that this strategic adjustment was made after careful consideration, while also thanking the Solana Foundation and community for their support.It is reported that World.xyz has launched on the Phantom wallet and its official website, supporting users to trade cryptocurrency prices and event contracts such as the 2026 World Cup, using Chainlink as the primary oracle infrastructure, and utilizing Phantom stablecoin as the settlement asset.

Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), stated that over the past year, the SEC has actively responded to President Trump's goal of "making America the world's crypto capital" and is taking historic steps to modernize rules and regulations to promote the market's migration to on-chain.