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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.

Lido launches the largest upgrade, integrating over 8 million ETH staked, with the number of validators expected to decrease by one third

Ethereum's largest liquid staking protocol Lido announced the launch of the largest protocol upgrade since the V2 upgrade in 2023, which will integrate over 8 million staked ETH (approximately $16.5 billion) and migrate to the new validator architecture following the Ethereum Pectra upgrade. This migration is expected to reduce the number of Ethereum network validators by about one-third, lowering the load on the consensus layer.Lido stated that after the upgrade is completed, the number of attestation messages per epoch across the entire Ethereum network is expected to decrease by about 29%, thereby improving network operational efficiency. This upgrade will migrate professional node operators to the Curated Module v2 (CMv2) architecture. Unlike before, which mainly relied on operator reputation and historical performance, CMv2 requires Lido-selected node operators to lock ETH as collateral for the first time, providing economic guarantees for node operational performance.Lido indicated that all 34 selected node operators are expected to complete the migration, and no operators have exited due to the new collateral requirements. Lido's staking lead Isidoros Passadis stated that this upgrade will streamline the validator set supporting Lido's core staking business while enhancing security through capital constraints. Lido expects that this migration will result in a decrease of approximately 0.28% in annual staking yields for the protocol. Validators will continue to earn rewards before exiting the migration, with any yield loss likely occurring only during the brief period before balances are transferred to the new validators.

Gate gStocks has been fully upgraded, expanding the boundaries of tokenized securities applications with five major financial functions

Gate gStocks' tokenized securities service has undergone a comprehensive upgrade, officially launching five major financial functions: collateralized borrowing, idle asset management, unified accounts, leveraged trading, and stock dividends, further expanding the integrated application scenarios of stock assets from trading, yield management to liquidity management.Currently, gStocks supports over 58 global tokenized securities, covering various assets such as U.S. stocks, Korean stocks, unlisted equity, and ETFs, and employs a 1:1 native stock reserve mechanism to provide users with a transparent and trustworthy asset holding experience. At the same time, gStocks supports 24/7 trading with a minimum investment of 1 USDT, lowering the participation threshold. After this functional upgrade, users can release liquidity through collateralized borrowing without having to sell their held gStocks assets; idle stock assets can also participate in yield management through idle asset management. In addition, gStocks has deeply integrated into the Gate unified account system, supporting tokenized stock assets as trading collateral and providing features such as leveraged trading, long and short strategies, and stock dividends, further enhancing asset utilization efficiency.
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