BNB Chain Quantum Defense Works In Test, But Transactions Become Much Slower

BNB Chain just tested new security that would protect it from future super-powerful quantum computers. It worked, but the network ran about 40% slower because the new security made every transaction much bigger.  The BNB Chain team shared the results in a report this week. The new code passed the test, but each transaction grew about 35 times larger than before, which clogged the network during stress runs.  Bigger Signatures Mean Smaller Blocks  Each transaction needs a digital signature to prove it is real. Today that signature is 65 bytes. With the new quantum-safe method, the signature jumps to 2,420 bytes.  The change is needed because future quantum computers could one day crack the math behind most modern blockchains.  Bigger signatures take up more space in each block. Speed dropped from 4,973 transactions per second to 2,997 in cross-region tests. That hits BNB Chains stated TPS goals for the year.  The discussion also covered why BNB Chain is investing heavily into infrastructure upgrades.  The goal this year:  • Increase throughput from 6,000 TPS to 20,000 TPS  • Continue reducing latency and improving finality  • Build infrastructure that can support both retail and…  Smart contract activity slowed less, since those transactions are already large.  The Voting Part Still Works Fast  Validators are the computers

05-20Industry

WhiteBIT Taps Elina Svitolina for Limited-Edition Nova Card Skin as Roland-Garros Season Begins

[PRESS RELEASE – Vilnius, Lithuania, May 19th, 2026]  A new card skin, a crypto reward for first-time users, and a donation to the Elina Svitolina Foundation with every activation — a chance to make an impact on and off the court.  WhiteBIT, the largest European cryptocurrency exchange by traffic, has announced a new initiative with its global brand ambassador Elina Svitolina. As a part of the initiative, WhiteBIT introduces a limited-edition Svitolina-themed skin for its WhiteBIT Nova Visa card offering users a way to a chance to support Ukrainian children and cheer Elina on at Roland-Garros!  The initiative combines product with purpose: for every card activated with the Svitolina design between 19 May and 19 June, WhiteBIT donates 15 USDC to the Elina Svitolina Foundation. The first 200 new users to activate the skin also receive 10 USDC credited directly to their card.  This initiative reflects WhiteBITs continued expansion across international sport as a channel to connect with global audiences and drive the global adoption of cryptocurrency by embedding its products into everyday use cases.  The Choice of Champions  Elina Svitolina is one of the most decorated Ukrainian athletes of her generation — a former world No. 3, 20-time WTA title winner, Olympic bronze medalist. She

05-20Industry

SEC prepares plan for trading tokenized stocks this week

Wall Streets biggest exchanges are gearing up to let investors trade tokenized versions of traditional stocks. The SEC is preparing to formalize a framework for how these digital securities will operate within existing market infrastructure.  Whats actually happening  The SEC has already laid significant groundwork here. Back on March 18, the agency approved a Nasdaq rule change that allows certain stocks and ETFs to be traded and settled in tokenized form alongside their traditional counterparts.  The scope of that approval isnt small. It covers Russell 1000 stocks, which represent the thousand largest publicly traded US companies. It also extends to ETFs linked to major benchmarks like the S&P 500 and Nasdaq 100.  The SEC also released a “Statement on Tokenized Securities” that draws a clear line in the sand. Existing federal securities laws apply fully to tokenized instruments. No special exemptions from registration. No workarounds on reporting obligations. A tokenized share of Microsoft is still a security, and it still has to play by the same rules as a regular share of Microsoft.  The exchange arms race  Nasdaq isnt the only one making moves. The NYSE is developing its own tokenized securities trading platform, with ambitions that go further than what Nasdaq has rolled out so

05-20Industry

Echo Protocol Suffers $76M eBTC Minting Attack

It was an admin private key breach, not a smart contract fault, according to blockchain developer ‘Marioo.’Twelve protocols, including THORChain, Ekubo, TrustedVolumes, Transit Finance, and the Ethereum bridge of Verus Protocol, have been hacked in the last month.  DeFi protocol Echo Protocol, which runs on the Monad blockchain, was compromised when an attacker minted around 1,000 eBTC without authorization. On Tuesday, the hacker created 1,000 synthetic Bitcoin (eBTC) with a value of around $76.7 million; both Lookonchain and analytics platform and blockchain security company PeckShield reported this.  Echo Protocol said on Tuesday:  “We are currently investigating a security incident impacting the Echo bridge on Monad. All cross-chain transactions remain suspended while the investigation is underway.”  Twelve protocols, including THORChain, Ekubo, TrustedVolumes, Transit Finance, and the Ethereum bridge of Verus Protocol, have been hacked in the last month, with this recent vulnerability being the latest in the series.  Laundering Stolen Funds  The perpetrator allegedly tried to conceal some of the stolen funds by funding the DeFi lending and liquidity management protocol Curvance with 45 eBTC, which is about $3.45 million, as reported by PeckShield.  The criminal then borrowed 11.3 wrapped Bitcoin (wBTC) tokens, which were valued $868,000, bridged the tokens to Ethereum, exchanged them for Ethereum, and sent

05-20Industry

HIVE soars over 35% on plans for $2.55b Toronto AI super factory

HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI “super factory” hosting 100,000+ GPUs, sending its stock up over 35% on the news.HIVE Digital plans to build a 320 MW AI infrastructure park near Toronto, pitched as one of Canada‘s largest sovereign AI “super factories,” sending its stock up more than 35% at Monday’s open.The CAD 3.5 billion (about $2.55 billion) project, advanced by HIVEs BUZZ high‑performance computing unit, is designed to host over 100,000 GPUs and begin operations in the second half of 2027.The move deepens HIVEs pivot from Bitcoin mining toward AI and high‑performance computing, following earlier GPU and data center expansions in Paraguay and Sweden.  HIVE Digital Technologies, long known as a Bitcoin (BTC) mining company, has unveiled plans for a 320 MW AI infrastructure park in the Greater Toronto Area, a move that sent its shares up more than 35% at the open after the news broke on Monday, according to The Block. The company described the project as an AI “super factory” and said it aims to create one of Canadas largest sovereign AI campuses at a time when demand for data center power and GPUs is exploding.  HIVE said the

05-20Industry

Echo Protocol Hack Drains $816K After Fake eBTC Mint

The Echo Protocol attacker minted 1,000 fake eBTC worth $76.6 million.The attack was a result of hackers compromising an admins private key.Security researchers estimated actual losses near $816,000 due to weak liquidity.  Bitcoin DeFi protocol Echo Protocol suffered a major exploit after an attacker gained control of the protocols admin private key and minted 1,000 unauthorized eBTC on the Monad blockchain.  The fake mint carried a paper value of roughly $76.64 million. Most of the tokens remain stranded in the attackers wallet due to weak liquidity across Monad-based DeFi markets.  The exploit adds to a growing wave of DeFi attacks this month. May has already recorded at least 14 separate crypto hacks across protocols and bridges.  Attacker Used Fake eBTC as Loan Collateral  Blockchain investigators tracked the attackers movements shortly after the exploit surfaced. The wallet deposited 45 eBTC, worth around $3.45 million, into lending protocol Curvance as collateral. Against that position, the attacker borrowed 11.29 WBTC worth roughly $867,000.  The borrowed Bitcoin was bridged to Ethereum, swapped into ETH, then moved through Tornado Cash. On-chain data showed 384 ETH, worth about $822,000 at the time, entering the mixer.  The attacker still controls 955 eBTC valued at nearly $73 million on paper. Those tokens are not backed

05-20Industry

XRP as a Shock Absorber: Can Ripples Liquidity Rails Bridge the JGB Crisis Gap?

Japan‘s 30-year government bond yield surpassed 4% for the first time since the instrument’s creation in 1999, reaching approximately 4.2% in May 2026, as the Bank of Japans sustained rate normalization program continues to unwind the decades-long yen carry trade that had quietly financed risk assets like XRP across global markets.  Japanese institutional investors sold close to $29.6 billion in US debt during the first quarter of 2026, the largest quarterly liquidation since 2022, contributing to a US 30-year Treasury yield that breached 5% in the same week, compressing liquidity conditions across mortgages, corporate credit, and sovereign debt simultaneously.  Source: TE  Analyst Catalina Castro, writing to a wide audience, framed the dynamic with pointed arithmetic: Japan sells American bonds, American yields rise further, mortgages rise, credit becomes more expensive, and pressure accumulates across the entire US financial system.  This is not simply a domestic Japanese bond correction. It is a structural stress event in the global liquidity transmission chain – one that exposes a fundamental inefficiency that Ripple and XRP were, architecturally, designed to address.  We suspect the JGB crisis will prove to be the most consequential real-world stress test that Ripples settlement infrastructure has yet encountered, not because XRP can absorb a $9 trillion

05-20Industry

ONDO Surges 16% As SEC Eyes Framework For Tokenized Stocks

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.  His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.  With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jakes insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.  Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked

05-20Industry

Polymarket Insider Cluster Nets $2.4M, BNB Chain Quantum Test Cuts Throughput 40%, Standard Chartered Eyes $4T Tokenized

A cluster of nine blockchain wallets generated roughly $2.4 million in profit with a 98% win rate on Polymarket contracts tied to US military operations, on-chain analytics firm Bubblemaps disclosed in a Monday report. The accounts placed concentrated bets just before high-impact events, including the February 28 strike on Iran, the killing of Iranian Supreme Leader Ayatollah Ali Khamenei and a subsequent US-Iran ceasefire agreement. Funding was routed through centralized exchanges within a tight window, and four wallets each pocketed near $400,000 on the February 28 strike contract alone. A handful of small losing trades on February 20 appear designed to mask the pattern, fueling fresh insider-trading concerns around prediction venues.  BNB Chain published the first major proof-of-concept showing a high-throughput Ethereum-compatible network can absorb post-quantum cryptography, though at a sharp performance cost. Engineers replaced ECDSA transaction signatures and BLS12-381 validator vote signatures with quantum-resistant alternatives, pushing typical transaction size from about 110 bytes to roughly 2.5 kilobytes and block size from 130 KB to nearly 2 MB. Cross-region native-transfer throughput fell from 4,973 transactions per second to 2,997, a 40% drop driven by data bandwidth rather than verification load. Validator-side checks held up better thanks to signature compression, but ordinary

05-20Industry

Tenstorrent AI Chip Startup Attracts Acquisition Interest from Intel and Qualcomm

Tenstorrent has attracted preliminary acquisition interest from Intel and QualcommThe AI chip developer is consulting with investment banks on strategic alternativesPotential valuations for the company exceed $5 billionAdditional acquirers may emerge if the company pursues a saleThe startup is simultaneously exploring a fresh capital raise  Tenstorrent, a developer of artificial intelligence processors, has become the subject of preliminary acquisition discussions with Intel and Qualcomm, Bloomberg reported on Monday.  The startup has engaged in discussions with both semiconductor manufacturers and has begun consulting investment banking firms to assess strategic alternatives.  Operating in the competitive AI chip landscape, Tenstorrent positions itself against industry leaders like Nvidia and AMD. The companys technology represents an emerging alternative to established market participants.  Should Tenstorrent elect to pursue a sale, industry sources suggest the transaction could command a valuation exceeding $5 billion. The AI chip sector has seen heightened valuation scrutiny following Cerebras recent public market debut.  Additional strategic buyers could potentially emerge should Tenstorrent initiate a formal sale process, according to individuals with knowledge of the situation.  Representatives from Tenstorrent, Intel, and Qualcomm declined to provide comment to Seeking Alpha regarding the reported discussions.  Parallel Fundraising Efforts Continue  Despite ongoing acquisition conversations, Tenstorrent is concurrently engaged in discussions with prospective investors regarding a

05-20Industry
1
...
784786
...
1000