blockchain

According to Israeli media i24, Israeli Prime Minister Benjamin Netanyahu is seeking to develop a blockchain-based plan to address potential financial sanctions that Israel may face in the future. Currently, the specific details and implementation plan of the relevant proposal have not been disclosed.

On October 23, the Central Cybersecurity and Informatization Commission issued the "National Informatization 14th Five-Year Plan." The plan proposes that by 2030, significant progress will be made in our country's informatization, with its role in promoting Chinese-style modernization becoming more prominent. The information infrastructure will consolidate and expand its leading advantages, a three-dimensional network system encompassing land, sea, air, and space will be basically formed, a new generation of communication networks will be fully established, the commercial use of the sixth generation of mobile communication (6G) will be launched in a timely manner, and the national blockchain network will be basically established, with intelligent internet development accelerating.The plan also states that the innovation capability of cybersecurity technology will be significantly enhanced, the technological innovation system will be more complete, and breakthroughs will be achieved in key core technologies in key areas. The cybersecurity industry ecosystem will prosper and develop, with deep integration of digital technology and the real economy, and the comprehensive strength of cybersecurity enterprises will be significantly enhanced. The level of digital, networked, and intelligent applications in economic and social development will reach a new level, empowering economic and social development and significantly improving governance capabilities. Cybersecurity guarantees will be solid and powerful, the legal and regulatory standards system will be more complete, and the concept of a community with a shared future in cyberspace will be deeply rooted in people's hearts.

a16z Frontier founding partner Chris Dixon stated that early Web2 platforms were built on fragile tacit agreements: independent creators, bloggers, news media, and community volunteers contributed high-quality content for free, while platforms provided traffic distribution, audience accumulation, and commercial revenue opportunities.He pointed out that after forming a monopoly through network effects, platforms continuously tightened algorithms, forcing creators to pay for traffic. With the advent of the generative AI era, large model companies collect long-accumulated content from the entire internet through crawlers and directly provide answers in search and Q&A interfaces, no longer diverting traffic to the original websites, thus severing the economic cycle of independent creators.Dixon believes that if this trend continues, high-quality original content may be depleted, and the internet could be flooded with low-quality machine-generated content. He proposed that verifiable data ownership could be established through blockchain protocols, allowing data calls, reasoning, and training to be traceable and automatically receive economic returns. Reshaping this contract is one of the important missions of the Frontier fund.

The Blockchain Association stated that it has sent a letter to the leadership of both the House and Senate, urging Congress to advance prudent, bipartisan digital asset tax legislation, and launched TaxClarityforAmerica.com for the public to understand the principles, view congressional progress, and contact legislators.The association noted that approximately 67 million Americans hold and use digital assets, but the current tax system is outdated, leading to uncertainty for taxpayers, excessive compliance burdens, and forcing innovation to move overseas.Its "Digital Asset Tax Principles" include: a meaningful small exemption; taxation of mining and staking rewards as newly created property upon disposal; reporting arrangements that protect taxpayer privacy; tax compliance based on economic substance rather than technical form; and wash sale rules that do not penalize everyday activities while preventing abuse.The association also stated that the House Ways and Means Committee had previously advanced legislation related to digital asset taxation, and Senator Steve Daines has also introduced a Senate version. Congress is in recess until after the elections on November 3, and there remains a legislative window during the short session.

According to The Information, a16z will remove "Crypto" from the name of its flagship blockchain fund, renaming it to "a16z Frontier," and will shift its focus to other investment areas; the fund's first founding member will also be leaving.

The blockchain infrastructure layer Espresso announced the completion of its mainnet upgrade. Benchmark tests show that its data throughput reaches 181 MB/s, which translates to approximately 1 million stablecoin transfers per second, based on an average of 180 bytes per transaction.The average final confirmation time for transactions is 337 milliseconds, and under peak load of 1 million transactions per second, it is 778 milliseconds.

The Shanghai Financial Regulatory Bureau issued "Several Measures to Promote the High-Quality Development of Digital Finance in Shanghai's Banking and Insurance Industries," proposing to steadily expand supply chain financial services using technologies such as big data and blockchain.The measures propose to standardize the development of accounts receivable financing, supply chain bill financing, warehouse receipt pledge financing, order financing, and other products, while continuously deepening the insurance service layout for advanced manufacturing, enhancing comprehensive risk protection capabilities.

According to the United States Patent and Trademark Office (USPTO), a patent from Samsung Electronics titled "Electronic Devices and Their Operating Methods Providing Blockchain Service" was officially granted on October 20.This technology allows electronic devices to identify nearby devices that support blockchain services through wireless signals, establish peer-to-peer connections, and select the device with the most recent data to complete blockchain synchronization by comparing the latest block heights stored on each device. This patent can reduce network traffic and energy consumption when devices synchronize block data.

According to GMGN market data, the Meme coin Kimchi on the Solana chain continued to decline after a rapid surge to a market value of 40 million USD yesterday, currently reported at 21.51 million USD, with a drop of over 50% from its peak. The top address for this token invested 144,000 USD at a market value of 33.7 million USD and has now incurred an unrealized loss of over 50,000 USD.Previously, it was reported that this token was inspired by the influencer trader Kimchi (@kimchi1x), who currently holds 75.32% of the total supply of this Meme coin. ChainCatcher reminds users that Meme coins generally have no practical use cases and exhibit significant price volatility, so investment should be approached with caution.

Arc launched the ecological portal Arc Portal (portal.arc.io), where users can complete asset exchanges, transfers, and yield operations, as well as browse applications developed based on Arc. Arc Portal also supports enabling AI agents, with the limits and permissions set by the users themselves.

Alex Gluchowski, CEO of Matter Labs, announced Prividium Commander at Money20/20 USA, pointing out that while most banks have tested blockchain, only a few have truly put it into production services. The crux of the issue lies in operational processes rather than the technology itself, including aspects such as issuance control, transfer processing, audit requirements, and compliance workflows.Prividium Commander is positioned as a unified control plane, allowing institutions to manage permissions, configure token functionalities, and set operational strategies all in one place, while also integrating with existing traditional financial systems of banks and being compatible with both public and private chain infrastructures. This product is built on Matter Labs' permissioned privacy blockchain platform, Prividium, which is based on ZK Stack technology, allowing institutions to run private chains on their own infrastructure and anchor transactions to Ethereum through zero-knowledge proofs, achieving Ethereum-level settlement finality without disclosing customer balances and transaction details.Matter Labs open-sourced the Prividium Core permission engine in September 2026, with the Deutsche Bundesbank being the first testing party. Cari Network has chosen Prividium to build a multi-bank tokenized deposit platform, with participants including regional banks such as Huntington and M&T Bank, planning to go live later in 2026. By mid-2026, Matter Labs had fully shifted its focus to the institutional privacy infrastructure of Prividium.

According to Bitcoin Magazine, Blockchain.com Co-CEO Lane Kasselman stated that the bipartisan support for the digital asset industry in Congress is at an all-time high and continues to grow. He believes that regardless of which party dominates after the midterm elections, the industry should maintain this momentum, even though the progress of the CLARITY Act is still stalled.Kasselman pointed out that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission still have over 30 rule-making tasks that remain unfinished, and the state-level money transmission license requirements pose another significant obstacle. He also mentioned that institutional funds have taken over the crypto market and assessed that the "crypto winter" has ended.On the product front, Blockchain.com announced the launch of options trading services. Kasselman positioned Blockchain.com as the liquidity layer for tokenized assets and discussed the differences in the use of AI agents with self-custody wallets and custodial wallets globally, as well as whether AI agents will ultimately settle in stablecoins or Bitcoin.

The Blockchain Association submitted a letter to the SEC regarding the "Regulation of Crypto Assets" proposal, suggesting raising the startup exemption limit to $10 million and the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits and excluding airdrops), and establishing a third-party registration safe harbor for existing tokens.The Blockchain Association calls for clear objective decentralization standards for tokens to escape the "investment contract" attribute (such as open source and no unilateral review rights), while strengthening federal regulations' priority jurisdiction over state legislation, supporting 24/7 trading on exchanges and self-custody.

Layer-1 blockchain Qubic has restarted the network and initiated the fund recovery process. Previously, attackers exploited a wallet seed vulnerability to transfer approximately 1.4 million USD worth of QU tokens from 1,404 accounts. The network validator Computors has approved the recovery plan, and affected users can submit claims, with a deadline of May 1, 2027.The Qubic block explorer shows that the network resumed processing ticks on October 19 at 20:00, with progress exceeding the previously paused 85,371,949. The vulnerability affects wallet seeds generated by certain Apple devices and browsers. Qubic recommends using version 4.26.4 or above to create new wallets and to transfer funds as soon as possible.

Whale Alert posted on the X platform that USDC Treasury minted two transactions of 250 million USDC each on the Solana network at 03:47 and 03:49 Beijing time, totaling 500 million USDC, worth approximately 500 million USD.Data from the Solana block explorer shows that both transactions were executed by the USDC minting authority address.

A network startup company called Optimum, led by Professor Muriel Médard from the Massachusetts Institute of Technology, announced that its block propagation software mump2p has officially launched on the Ethereum mainnet. The Ethereum liquid staking protocol ether.fi has made mump2p a mandatory requirement for all 12 of its node operators, whereas previously the software was optional for its operators.Optimum stated that there are currently 16 node operators running mump2p in production environments, collectively managing approximately 22,000 validator keys and over 1.4 million staked ETH, accounting for more than 3% of the total staked amount on Ethereum. Partners include Blockdaemon, Everstake, P2P.org, Stakefish, and Bitcoin Suisse. The software operates in a sidecar gateway manner, not replacing Ethereum's default GossipSub, but rather overlaying it on top of libp2p and utilizing random linear network coding technology. Optimum claims that the block arrival speed is 2.42 times faster than GossipSub, with an approximately 7.88 times reduction in arrival time variance.Rok Kopp, co-founder and Chief Growth Officer of ether.fi, stated that they will not require the entire validator set to adopt a new infrastructure unless they are confident that it can enhance the overall level of stakers and the network. Médard mentioned that traditional financial institutions invest billions of dollars to shorten execution times to the millisecond level because speed is money. Optimum launched its private testnet in June 2025, having previously completed a $11 million seed round financing led by 1kx, and plans to expand the protocol to other high-throughput blockchains after Ethereum.

According to The Defiant, the cryptocurrency exchange Blockchain.com has announced the launch of options trading services, initially supporting seven types of crypto assets. Buyers are required to fund the contracts with USDC.The options contracts cannot be exited early before expiration, and buyers must hold them until the expiration date. Residents of the United States and the United Kingdom are excluded from participating in this service.

According to Cointelegraph, the RWA platform Tx has launched the dollar stablecoin USTX for its wallet and the planned tokenized stock market.Users can mint USTX using USDC from 8 blockchains including Ethereum, Solana, and Base, and can redeem it for USDC.