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Starknet completes quantum-resistant signature transfer testing, exploring wallet upgrade paths that do not require migration

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.

Morgan Stanley has upgraded the rating of the South Korean stock market to "overweight," with a target price of 9,000 points

Morgan Stanley has upgraded the rating of the South Korean stock market to "Overweight," with a target price of 9,000 points, implying a 36% upside from the current level.Morgan Stanley believes that the previous severe deleveraging is nearing its end, and the KOSPI valuation has fallen to historically low levels, providing investors with a more attractive entry point. Their data shows that hedge funds have completed about 75% of their deleveraging, leveraged ETFs have evaporated 70% from their peak, and the chip structure has significantly improved.Shawn Kim, head of Morgan Stanley's Asia Technology team, pointed out three recent catalysts for South Korean chip stocks in the report.First, capital expenditure. The capital management trends of Samsung Electronics and SK hynix are seen as the most important recent catalysts. The market is waiting for specific announcements from both companies regarding their "value enhancement" plans and capital returns, with the timing still unclear, but the expectations themselves have already formed a potential catalyst.Second, HBM4 pricing. Samsung Electronics recently stated that HBM4 will account for about 60% of its total HBM sales by the end of next year. If HBM4 prices reach the market expectation of over $3 per Gb, it will positively catalyze overall DRAM pricing from 2026 to 2027.Third, the iPhone 18 release cycle. The mobile segment still accounts for 30% to 40% of global DRAM demand and 25% to 30% of NAND demand. According to feedback from members of the Korean Apple supply chain (such as LG Innotek), Apple has a positive outlook on the iPhone 18 cycle, expecting a year-on-year shipment increase of 5% to 10%. The iPhone 18 will be released in September, with the first models being the Pro series (including Pro, Pro Max, and foldable), and if sales perform well, it will positively drive Samsung Electronics and SK hynix.

Polymarket will upgrade the settlement rules for the cryptocurrency rise and fall market: abandoning the single price snapshot and switching to a time-weighted average price

According to official news, the prediction market Polymarket announced a significant adjustment to its settlement mechanism for cryptocurrency price fluctuation markets starting from August 7, to protect market integrity. From midnight UTC on that day, the affected markets will no longer settle based on a single price snapshot at a specific time but will instead use a time-weighted average price.Markets of different durations correspond to different TWAP windows: all cryptocurrency 5-minute markets will use a 30-second TWAP, 15-minute markets will use a 60-second TWAP, and 4-hour markets will also use a 60-second TWAP. The previous single snapshot settlement method was prone to price manipulation during periods of low liquidity, and this change is a proactive reinforcement of the market integrity system by Polymarket after facing regulatory scrutiny.To support this transition, Polymarket will inject $1 million in liquidity rewards into all affected markets throughout August. On the technical side, Chainlink TWAP testnet data streams are now available, and mainnet data streams along with Polymarket real-time data stream services will go live on August 4, at which point developers can access TWAP prices directly through Chainlink Data Streams or Polymarket's public WebSocket.
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