News

Jinse Finance reported that the Ethereum Foundation stated that the only acceptable ultimate goal for L1 is "provable security," rather than "security assuming conjecture X holds." They have set 128-bit security as the target, aligning with mainstream cryptographic standards organizations and academic literature on long-term systems, as well as real-world recorded computational results, which indicate that 128-bit is practically out of reach for attackers. The EF pointed out some specific tools aimed at achieving the 128-bit, less than 300 KB target. They highlighted WHIR, a new Reed-Solomon proximity test, which is also a multilinear polynomial commitment scheme.

Jinse Finance reported that BlackRock Chief Investment Officer Rick Rieder will be interviewed for the position of Federal Reserve Chairman at Mar-a-Lago. Other candidates include Kevin Hassett, Kevin Warsh, and Federal Reserve Governor Christopher Waller.

VanEck has updated its application for the Avalanche ETF (VAVX) to include staking rewards, planning to stake up to 70% of its AVAX holdings. The fund will use a certain exchange's Crypto Services as the initial staking service provider and pay a 4% service fee. The rewards will belong to the fund and be reflected in its net asset value. If approved, the fund will be traded on Nasdaq under the VAVX ticker, track the price of AVAX through a custom index, and be custodied by regulated providers such as Anchorage Digital and a certain exchange's Custody.