Author: John Smith

LayerZero Labs has introduced Aerie, a research system that its developers say can aggregate 32,768 quantum-resistant Falcon signatures in 0.65 seconds on an Apple laptop without GPU acceleration. Summary 32,768 Falcon-512 signatures were aggregated in 0.65 seconds using 16 worker threads. Aerie’s standard aggregate includes retained signature data, with a smaller shared-salt version requiring extra conditions. The researchers report faster proof generation than leanVM, while leanVM’s proofs verified faster. NIST lists Falcon as undergoing standardization, separately from its finalized ML-DSA signature standard. LayerZero’s Oct. 16 announcement identifies researchers from its own team, a16z crypto research, Carnegie Mellon University, and Imperial…

Lighter has launched an EVM development network with one-second blocks that lets smart contracts manage trading orders, while its developer documentation lists mocked proofs and an unfinished asset-recovery mechanism among the test environment’s limits. Summary Lighter has launched an EVM devnet with one-second blocks and smart contract order management. Developers can read trading data, submit orders, and transfer assets between Lighter EVM and Core. The devnet uses mocked proofs, while its permissionless asset-recovery mechanism remains partly functional. Teams can request early access, with availability set to expand in the coming weeks. Axiom, which built the network with Lighter, announced the…

Cobo has announced that its consumer wallet app will close on Dec. 1, 2026, with users required to withdraw their assets before the shutdown or face monthly account management fees starting at $100. Summary Dec. 1 marks the consumer app’s closure, with withdrawals required before midnight UTC+8. Monthly fees will equal 2% of remaining assets, subject to a $100 minimum. Jan. 1, 2027, is the first scheduled deduction date, covering December’s account management fee. Cobo says the closure covers its consumer app, which stopped accepting registrations in 2021. Cobo’s shutdown notice, dated Oct. 15 and displayed on its website on…

UNCX’s Vesting V2 exploit has exposed a share-accounting flaw that let attackers inflate their claims on pooled tokens, Immunefi’s security chief has explained following reports of roughly $1.5 million drained across four chains. Summary Withdrawal and cancellation functions left share accounting out of balance, according to Magalhães. Reported losses reached roughly $1.5 million across four networks, with copycat wallets and bots involved. Magalhães advised private contact with affected teams before public withdrawal warnings when possible. Providers and affected projects share responsibility for working toward reimbursement, he said. Gonçalo Magalhães, head of security at Immunefi, told crypto.news that the contract failed…

Tesla-linked perpetual futures have retreated to around $357 on Hyperliquid, reversing an overnight climb toward $380 following Elon Musk’s demonstration of a thruster-equipped Roadster. Summary Hyperliquid’s Tesla contract reversed its climb toward $380 and traded down 0.95% over 24 hours. Binance led daily Tesla-linked trading with $564.49 million in turnover, according to RootData. Hyperliquid held approximately $80 million in open interest, ahead of Binance’s $64.96 million. Tesla will release third-quarter financial results after market close on Oct. 21. Hyperliquid showed its TSLA-USDC contract at a mark price of $356.66, down $3.42 over 24 hours, with approximately $247.8 million in daily…

Pi Network price has bounced above $0.08 near the area that supported its summer recovery, but September’s failed rally leaves buyers with a familiar challenge: holding their gains once price moves away from the lows. Summary PI gained 1.74% to $0.08137 on the Oct. 16 daily chart. September’s recovery stalled near $0.10 before price returned toward its July support area. Crypto With Gopal identified a potential triple bottom requiring a breakout above $0.11. Weekly momentum has improved, although daily money flow remains negative. PI is back in familiar territory. After climbing away from its July lows through August and September,…

Pi Network has put a new app count at the center of its first ecosystem summit. More than 300 Mainnet apps are reported alongside a claimed audience of over 60 million engaged Pioneers, 18.1 million people who passed identity checks, and more than 420,000 nodes. None of those figures measures repeat use of an app or the value of goods and services paid for with PI. The summit provides a fresh reason to examine what a Mainnet app is and what its public record can show. Summary Pi announced a November 17 to 19 online ecosystem summit in an October…

Ethereum price has recovered more than 4% to approximately $2,462 on October 16, following a drop toward $2,325 as traders examine whether declining exchange reserves can support another attempt to break above $2,550. Summary Ethereum gained approximately 4% over 24 hours after recovering from Thursday’s recent low near $2,325. CryptoQuant reported Binance Ethereum reserves fell 430,000 ETH between August 25 and October 16, 2026. Analyst Ted Pillows identified $2,550 as important resistance following Ethereum’s bounce from the $2,350 zone. Binance Ethereum open interest declined 4.7% over 30 days, according to CryptoQuant analyst CryptoOnchain recently. BitMine reported holding more than six…

Google has demonstrated a 40-fold reduction in quantum computing errors using its Willow processor, advancing a technology that researchers believe could eventually challenge the cryptography protecting Bitcoin. Summary Google reduced quantum computing errors approximately 40-fold using magic state cultivation on its Willow processor. Google’s researchers achieved 99.99% logical fidelity while testing purified quantum states on real computing hardware. Glassnode estimated 6.04 million BTC had exposed public keys, representing 30.2% of mined Bitcoin. Google’s earlier research estimated future cryptographic attacks could require fewer than 500,000 physical quantum qubits. Coinbase published Bitcoin security recommendations on October 13, addressing migration challenges and vulnerable…

The Solana Foundation’s Accelerate China 2026 event in Shanghai has been abruptly suspended on October 16, leaving registered attendees outside the venue for more than an hour as reports emerged of law enforcement officers at the location. Summary Solana’s Shanghai event was suspended October 16, with registered attendees reportedly unable to enter the venue. Attendees reported eight or nine law enforcement officers outside the Shanghai venue during Friday’s disruption. Binance founder Changpeng Zhao questioned whether Solana organizers understood China’s regulations following the reported suspension. Solana’s China tour includes four cities, with Hangzhou, Shenzhen, and Beijing scheduled after Shanghai’s event. Chinese…