confusion

Vitalik Buterin published an article titled "Obfuscation: building the final boss of cryptography (Part I)", systematically outlining the entire technical tree behind the mainline of the obfuscation protocol (iO). The article points out that obfuscation technology can transform programs into "encrypted programs", allowing computations on plaintext inputs while hiding internal logic. Theoretically, it can achieve "trustless trusted third parties", and when combined with blockchain, it can build nearly trustless voting systems, auction protocols, and various other applications. However, the current iO scheme, while technically polynomial time, incurs enormous practical overhead, with expected runtimes exceeding the lifespan of the universe.The article details the construction process of lattice-based iO, covering the stacking of primitives such as fully homomorphic encryption (FHE), attribute-based encryption (ABE), obfuscated circuits, function encryption, and XiO. Vitalik stated that the field has moved from "impossible" to "provably secure" over the past decade, but there remains a significant gap to practical application. He proposed three future paths: further optimizing the existing lattice-based route, adopting bolder cryptographic assumptions to simplify constructions, or exploring entirely new assumptions that are completely different from lattices, emphasizing that if any direction succeeds, it will largely "solve cryptography", enabling any protocol describable by an ideal trusted third party to be securely implemented.

Flow network has encountered an attack targeting the Cadence virtual machine type confusion vulnerability, resulting in illegal token issuance. The attacker exploited a complex "three-part vulnerability chain" to bypass resource linearity guarantees, disguising resource objects as structs for duplication. The incident caused approximately $3.9 million in actual economic losses, with funds flowing out through cross-chain bridges such as Celer and deBridge.According to Flow monitoring, the attacker created a total of 87.96 billion FLOW and various tokens, of which 1.094 billion FLOW were transferred to centralized exchanges. Thanks to timely shutdowns by validators and cooperation with OKX, Gate.io, MEXC, and others, about 98.7% of the illegal assets have been frozen on-chain or at exchanges, and approximately 484 million FLOW have been destroyed. The network has recovered on December 29 through an "isolation recovery plan," and a comprehensive patch covering parameter validation, runtime checks, and contract deployment logic has been deployed.

According to official news, YZi Labs Management Ltd. is currently reviewing the recent actions taken by BNC (CEA Industries) regarding the formation of a shareholder group and the initiation of a proxy solicitation process. These actions, which harm shareholder interests, include the "poison pill plan" and amendments to the bylaws aimed at obstructing and delaying shareholders from exercising their rights through written consent. YZi believes that the substantive effect of these actions is to impose unnecessary restrictions and procedural burdens beyond what is required by Nevada law.The company's board of directors ("Board") appears to be taking these steps to consolidate its position—even after YZi warned that further erosion of shareholder rights would provoke strong dissatisfaction among shareholders. YZi has reminded the Board that its failure to properly fulfill its fiduciary duties may expose it to potential legal risks. Nevertheless, the Board has chosen to restrict shareholder rights rather than acknowledge its mistakes, indicating that they are aware of their lack of shareholder support. Many other shareholders have confirmed to us that they share the same concerns and shock as YZi regarding BNC's unwise strategic shift and abandonment of the BNB ecosystem.Furthermore, YZi refutes the company's false statement that it "has never considered adopting alternative tokens for the company's digital asset reserve strategy, nor has it initiated a competitive digital asset reserve business." This denial contradicts the remarks made by BNC CEO David Namdar at the industry conference in November 2025, where he explicitly stated that BNC had considered shifting to other crypto assets like Solana. Coupled with Mr. Namdar and Board member Hans Thomas actively promoting and fundraising for other digital asset reserve projects during their tenure at BNC, YZi believes shareholders have reason to be concerned about their interests being betrayed.

ChainCatcher News, SEC Commissioner Caroline Crenshaw stated that the new liquid staking statement fails to clarify the applicability of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of assumptions that have not been validated by industry realities, and the legal conclusions only apply if these assumptions hold true.Previously, the SEC released a statement regarding liquid staking activities, clarifying that liquid staking activities are not considered securities. The SEC stated that participants in liquid staking activities do not need to register their transactions with the SEC under the Securities Act, nor do they need to comply with the registration exemption provisions of the Securities Act regarding these liquid staking activities.

ChainCatcher news, according to The Block, Bernstein analysis points out that despite U.S. Vice President Kamala Harris recently expressing support for the crypto industry at a fundraising event, the market remains confused about the uncertainty of her policies. In contrast, the sentiment in the crypto market may be stronger if Trump wins, as he has explicitly promised to make the U.S. a "crypto capital" and supports DeFi, asset tokenization, and Bitcoin mining. However, regardless of the election outcome, the current inflow of funds into Bitcoin and Ethereum ETFs and the Federal Reserve's loose monetary policy are expected to continue driving the market upward.

ChainCatcher message, regarding why Binance uses "RONIN" instead of RON as the token name, Axie Infinity and Ronin co-founder Jihoz.ron explained on X that, firstly, there is already a Romanian currency listed as RON. Secondly, as the "king of game chains," using the full name Ronin is more prestigious.Jihoz.ron stated that currently, when posting information on social media, both $RON and $RONIN are used to achieve maximum coverage.

ChainCatcher news, MEXC clarified the recent confusion regarding the MEXC_CEO Twitter account on platform X. MEXC stated that in the early stages of its global market development, the MEXC platform did use the Twitter account MEXC_CEO for promotion and brand image maintenance; the former CEO left in July 2022; the former CEO officially resigned from MEXC in December 2022.The Twitter account MEXC_CEO was never formally verified by the MEXC platform. Due to its limited content and few followers, MEXC did not issue a specific announcement (this is the fundamental reason for the widespread misunderstanding after the account was deleted). In December 2023, fans reported that the MEXC_CEO Twitter account was deleted. Individuals associated with this account have no actual connection with MEXC officials.MEXC sincerely apologizes for any confusion caused by this incident. All interactive tweets from the former CEO have been deleted, and no further explanations will be provided to avoid further misunderstandings. In the future, any significant personnel changes involving official media will be announced. All official accounts on the MEXC platform are verified through the MEXC official verification platform.

ChainCatcher message, the Web3 gamified social education platform Hooked Protocol posted that the recent token transfer is for the purpose of providing liquidity for HOOK, fully acknowledging that this may cause some confusion regarding the unlocking schedule.