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ADA $0.2008 -6.58%
BCH $246.99 -8.61%
LINK $11.35 -4.79%
HYPE $80.37 -5.41%
AAVE $121.02 -5.53%
SUI $0.7352 -6.03%
XLM $0.1775 -5.29%
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first_img Arbitrum advances ZK settlement, L1 withdrawals are expected to be shortened from several days to several hours

The Arbitrum development team stated that they are introducing zero-knowledge (ZK) proofs into the Arbitrum platform to achieve a multi-proof settlement model. Through ZK proofs, the settlement time of Arbitrum blocks to Ethereum L1 is expected to be reduced from several days to several hours, while enhancing user, cross-chain bridge, and protocol capital efficiency, and maintaining security through the multi-proof mechanism. Related capabilities are aimed at Arbitrum One and dedicated chains based on the Arbitrum platform. Offchain will subsequently submit upgrade proposals to the DAO.Current progress includes: the ability to run the same state transition functions in SP1 zkVM as in optimistic execution, generating ZK proofs for real mainnet block production; Stylus's WASM contracts can be proven alongside Solidity contracts; the team has launched an independent Rust verifier, making ZK proofs a first-class mode alongside standard verification; the BoLD settlement protocol has supported the acceptance of ZK proofs and is endorsed by a fast confirmation committee, while the original dispute games still serve as a fallback path, forming a multi-proof architecture that coordinates ZK proofs, proof committees, and fraud proofs.The team claims to be continuously reducing proof costs and will gradually merge related code into the Nitro main production path. The next steps include further optimizing proofs and shifting to Reth-based execution, completing L1 message inbox proofs, and integrating ZK settlement capabilities into node configurations for on-demand activation across chains.

Data: The total net inflow of Bitcoin spot ETF yesterday was $189 million, and Hashdex DEFI announced its delisting

According to SoSoValue data, the total net inflow for Bitcoin spot ETFs is $189 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of $144 million, bringing IBIT's historical total net inflow to $61.4 billion. Following that is Fidelity ETF FBTC, with a single-day net inflow of $23.92 million, and FBTC's historical total net inflow currently stands at $10.02 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was VanEck ETF HODL, with a single-day net outflow of $16.92 million, and HODL's historical total net inflow currently stands at $1.07 billion. Additionally, Hashdex's Bitcoin spot ETF DEFI has initiated a liquidation process due to factors such as asset size, trading liquidity, and operating costs, having ended trading on NYSE Arca on August 17 and will subsequently delist; the fund will begin liquidating its remaining Bitcoin holdings on August 18, with cash liquidation payments to be made to holders around August 24.Bloomberg data shows that as of July 30, DEFI's assets under management were approximately $7.28 million. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $79.3 billion, with an ETF net asset ratio (market value relative to total Bitcoin market value) reaching 6.12%, and the historical cumulative net inflow has reached $52.28 billion.
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