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Zilliqa Ledger application exposes serious vulnerability, signing 5 native transactions may leak private keys

Zilliqa stated that there is a serious random number generation vulnerability in the Zilliqa Ledger application, affecting the Schnorr signatures of native non-EVM Zilliqa transactions. Attackers can recover the signer's private key from the biased temporary random numbers using only publicly available on-chain data.Any account that has signed and broadcasted about 5 or more native transactions through the Zilliqa Ledger application should be considered compromised. Since the related signatures are permanently recorded on the chain, subsequent updates to the application cannot eliminate the risk, and the affected private keys must be deactivated. EVM transactions and development tools such as zilliqa-js, gozilliqa-sdk, and pyzil are not affected.The vulnerability arises from the application selecting the wrong 32 bytes when copying the random number, retaining 8 bytes of zero padding and losing 8 bytes of entropy, resulting in each random number having a maximum of 64 bits fixed to zero. Attackers can use 5 or more affected signatures to recover the private key within seconds using ordinary hardware. Zilliqa observed suspected active exploitation on July 19 and confirmed the root cause on July 21.Zilliqa has suspended native transactions to prevent further loss of funds and is preparing a revised application with Ledger. However, the revised version cannot protect the exposed keys, and affected users should not transfer assets on their own but wait for the official announcement of a coordinated disposal plan.

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.

WasabiCard CEO: Clear regulations are an important step for stablecoin payments to move towards mainstream applications

According to reports, the U.S. "Digital Asset Market Clarity Act" (CLARITY Act) is expected to enter the next stage of the legislative process on July 4, 2026. As the regulatory framework for digital assets continues to improve, the market's expectations for the development of stablecoin payments have become clearer, providing businesses with more explicit policy references for adopting stablecoins for global payments.In this regard, WasabiCard CEO Ray Yang stated, "For businesses, regulatory transparency is more important than regulatory leniency. Companies can adapt to strict compliance requirements, but it is challenging to formulate long-term development plans in an environment where regulations are unclear. The advancement of the CLARITY Act will create a clearer and more predictable development environment for stablecoin payments."As an enterprise-level stablecoin global payment infrastructure platform, WasabiCard continuously enhances its compliance capabilities and global payment network, establishing a risk management system covering KYB, KYC, KYT, and AML, and holds U.S. MSB and MTL licenses, providing businesses with one-stop payment solutions for global card issuance, stablecoin payments, global remittances, and fund distribution.Regarding the development prospects of stablecoin payments, Ray Yang believes, "As the global regulatory environment continues to improve, stablecoin payments will accelerate their integration into the global payment systems of enterprises. WasabiCard will continue to help businesses conduct global operations more robustly through compliant and reliable payment infrastructure."

first_img The Central Cyberspace Affairs Commission announced the results of the first phase of the rectification of chaotic AI applications, with over 14,000 non-compliant products dealt with

The Central Cyberspace Affairs Commission recently announced the progress of the first phase of the "Clear and Bright: Rectifying AI Application Chaos" special action. Since its launch in April 2026, this action has focused on issues such as large models not being registered as required, insufficient review and filtering capabilities, AI data poisoning, and inadequate implementation of content labeling. As of now, the first phase has dealt with over 14,000 AI products, including non-compliant websites, applications, and intelligent agents, cleaned up more than 6 million illegal and non-compliant pieces of information, handled over 26,000 non-compliant accounts, and removed over 1,300 non-compliant AI products and 9 non-compliant open-source datasets.During the special action, many local cyberspace departments have taken targeted measures such as establishing coordinated regulatory mechanisms and setting up reporting areas. Key platform companies such as Huawei, Alibaba, Zhiyu, and DeepSeek have also successively improved their registration review, content interception, and data anomaly detection mechanisms. The Central Cyberspace Affairs Commission stated that the next phase of governance will focus on cracking down on prominent issues such as the use of AI technology to create and disseminate false information, spread vulgar content, impersonate others, infringe on the rights of minors, and engage in internet water army activities, further increasing enforcement efforts and urging platforms to enhance their prevention and governance capabilities.

Michael Saylor: The biggest evolution of BTC in the next decade is the stability of the protocol layer, while expanding in the capital markets and application layer

Michael Saylor stated that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the foundational layer of Bitcoin will become more solid, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform competing to add features, but a monetary network whose purpose is not to act quickly and disrupt things, but to move slowly and remain unbroken.Saylor indicated that Bitcoin has won the first important battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment rails," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The foundational layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and ultimate ownership transfer.He believes that the four-year cycle of Bitcoin is still important, but no longer the dominant model. In the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halving will tighten supply, while capital flows will determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system.Saylor stated that the main question in the next decade is not whether Bitcoin can survive, but whether economic exposure is still connected to real Bitcoin or if too much "paper Bitcoin" is being formed. Custodial transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become important.He expects that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and become an important collateral asset in the digital credit market; while the foundational protocol itself may change less than everything built around it.

The cumulative recharge amount of encrypted payment cards has surpassed 10 billion USD for the first time, driven by the growth of stablecoin applications

Paymentscan data shows that the total recharge amount of cryptocurrency payment cards has surpassed $10 billion for the first time, reaching approximately $10.33 billion, an increase of 82% since the beginning of the year and about 250% year-on-year. This data reflects the cumulative recharge scale of cryptocurrency payment cards and related payment projects, rather than the trading volume of cryptocurrency exchanges.Reports indicate that stablecoins are becoming the main driving force behind the popularity of cryptocurrency payment cards. Compared to volatile assets like Bitcoin, stablecoins can complete payment settlements through traditional card networks, lowering the access threshold for merchants and making them more suitable for cross-border payments, remittances, and daily consumption scenarios in high-inflation areas.As payment companies, cryptocurrency exchanges, and asset management institutions continue to improve stablecoin infrastructure, cryptocurrency payment cards are gradually becoming an important gateway connecting digital assets to real-world consumption. However, as the scale of application expands, regulatory agencies will also pay more attention to issues such as consumer protection, sanctions screening, tax reporting, reserve asset transparency, and transaction monitoring.
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