DashTape

DashTape reports Liquid Network announced that the emergency release Elements v23.3.4 is now live, with Functionary nodes having immediately begun upgrades. All Liquid node operators are advised to update accordingly. This release addresses a previously identified Proof validation cache vulnerability by strengthening the cache keys used for Range Proofs. Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production while continuing to pause Peg operations; replay verified valid transactions; restore Peg operations after the network state is fully recovered and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only advance once confirmed secure. Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites exploiting this incident for scams. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or seed phrases.

DashTape reports 据 GMGN 行情数据，BSC 链 Meme 币哈基米市值腰斩跌破 4000 万美元，目前暂报 37320 万美元，24H 跌幅 12.60%。 DashTape 提醒用户，Meme 币价格波动较大，请投资者谨慎参与。

DashTape reports According to Gate data, the UK FTSE 100 (UK100) has fallen to 10,650 points, currently reported at 10,647.36 points, down 1.3% in 24 hours.

DashTape reports On-chain data analysis platform Bubblemaps stated that LAPTOP token trading has turned into a "bloodbath," with approximately 80% of traders experiencing losses. According to its disclosure, at least 2 traders lost between $100,000 and $1 million, 100 traders lost over $10,000, approximately 700 traders lost more than $1,000, and another 11,000 or so traders incurred smaller-scale losses. Bubblemaps concluded with a sarcastic "Thank you Hunter Biden" remark about this trading performance.

DashTape reports the U.S. Treasury Department stated that it will purchase a minimum of $4 billion and a maximum of $6 billion in long-term government debt in the first operation of its expanded buyback program, demonstrating Bessent's determination to curb recent rising borrowing costs. U.S. Treasuries extended earlier losses after the announcement, suggesting the scale was smaller than some investors had expected. It remains to be seen how successful the expanded purchase program will be. Following the initial announcement of the program last month, yields fell but subsequently rebounded. The benchmark 10-year yield reached its highest level since 2023 last week. Guha, an economist who previously worked at the New York Fed, stated: "The challenge is always whether the impact of these interventions can be sustained without more significant fundamental changes." Moreover, the maximum scale of the buyback operations does not necessarily mean the Treasury will purchase that amount of debt. However, in buybacks targeting long-dated nominal debt, the department tends to purchase the full scale, having failed to do so only twice in 52 such operations since the program was relaunched in 2024. (Jin Shi)

DashTape Planet Daily Report: a16z crypto has announced the release of Lattice Jolt, a new version of its open-source zero-knowledge virtual machine. This version shifts the underlying cryptography from elliptic curves to lattice-based cryptography, equipping the system with quantum resistance while improving prover and verifier speed by 2 to 3 times, with proof sizes under 100KB. Lattice Jolt employs a novel polynomial commitment scheme called Akita, based on the Module-SIS lattice hardness assumption, targeting a 128-bit security level; it can prove over 2 million RISC-V cycles per second on a CPU, and with GPU acceleration via Apple Metal, exceeds 10 million cycles on a MacBook.

DashTape reports Vitalik posted on the X platform, expressing his hope to include the recursive STARK memory pool proposal EIP-8288 in the Ethereum I-star upgrade, stating that it can be seen as the next step after Frames. This solution can place quantum-safe signature data off-chain, reducing signature costs; the fuel cost of quantum-safe privacy transactions is also expected to drop from approximately 10 million to tens of thousands. The solution aggregates transaction dependencies through frames and recursive STARKs, with nodes sending one STARK of about 100 to 300KB per time cycle; the on-chain overhead is one STARK and 96 bytes per statement to be proven.

DashTape reports Eric Trump, son of Donald Trump, mocked Hunter Biden's failed token launch on X, writing: "Hunter should go back to painting." Hunter Biden's Meme coin LAPTOP, launched today on the Base chain, saw a sharp drop of up to 99% shortly after its debut.

Strategy faces community backlash: launches "Bitcoin-themed" Jordan sneakers but doesn't support BTC payments. DashTape reports that Strategy has launched a $250 Bitcoin-themed Air Jordan 1, now available on its official store. However, checkout at the store only supports bank cards and Apple Pay, not Bitcoin payments. This has drawn attention from the community: as a company that has been aggressively accumulating Bitcoin over the long term, Strategy currently holds approximately 845,000 BTC, yet its Bitcoin-themed merchandise cannot be paid for directly with BTC. (CoinDesk)

DashTape reports Brent crude was reported at $101.09 on Wednesday morning, up 3.2% on the day, marking its first time above $100 in six weeks; West Texas Intermediate crude was at $96.27. Saudi officials said Houthi militants attacked Saudi oil facilities on Tuesday morning, injuring 73 people. The U.S. Central Command destroyed five Iranian oil tankers the same day, following an attack on three on Saturday, in response to an Iranian ballistic missile strike on a U.S. warship. The crude oil market has been repricing following the escalation of related events. In Myriad's market on whether crude first hits $120 or falls to $55, the probability for the $120 side is 56.5%, up 15.1 percentage points from early September; the market has seen $12.7 million in trading volume since March. Polymarket data shows the probability of WTI hitting $100 this month is 59%, up 9 percentage points, while the probability of hitting $105 is 30%, up 25 percentage points. On Polymarket, the probability of WTI falling to $85 this month has dropped to 39%, down 33 percentage points from the previous reading, with probabilities for all levels below $85 under 10%; the probability for $55 is 1%. U.S. diesel prices rose to $5.94 per gallon on Wednesday, surpassing last week's high, while the average gasoline price stood at $4.22. (Decrypt)