Crypto protocol and policy updates: Zcash NU7, Bitcoin quantum, Travel Rule
Zcash NU7 went live, a Bitcoin Core dev proposed anti-quantum-theft mechanisms, and the Travel Rule proposal for crypto was withdrawn.
What we know
Foundry reports NU7 live with 25-second blocks and a third of the reward per block. Wu Blockchain details Cory Fields' three quantum proposals. Coin Center's concern about the Travel Rule sweeping in self custody was resolved by its withdrawal. Tarun Chitra flags number-sieve advances as a cryptographic risk, and a Goats RT cites Zcash app-economy volume.
How the story developed
Zcash NU7 went live, a Bitcoin Core dev proposed anti-quantum-theft mechanisms, and the Travel Rule proposal for crypto was withdrawn.
Toly argues apps matter more than L1s and pitches Solana as the venue for all assets. Phoenix offers 24/7 stock trading, and Base launches a $100k tokenized-stock competition.
Nigeria issued stablecoin licensing rules, a Travel Rule proposal that would have hit self-custody was withdrawn, Zcash shipped NU7, and Samsung Wallet added USDC on Solana.
Harmonic opened a backrun-only, KYC-vetted searcher network in public beta, while a disputed Toly post stirred community anger and traders adjusted SOL positions.
Solana Labs released Leap, drawing backlash and defenses. Toly argues L1 teams should build first-party apps and highlights Solana's performance during the selloff.
Toly says Solana Labs is building a competing product and claims the Foundation never listens to him.
Samsung Wallet launched USDC on Solana to ~82M US Galaxy devices, and Chainlink and partners released a Swift-aligned compliance framework for on-chain bonds. Toly also touted a Solana proposal enabling onchain crypto and ML.
Solana co-founder Toly's comparison of memecoins and JPEGs to loot boxes sparked backlash from Solana traders, who say memes are what people actually use.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.