Quantum Computing Fears Drive Ethereum Roadmap Update Amid Bitcoin Mempool Congestion
Bitcoin's mempool transactions hit a one-year high after the $120 million Coldcard exploit on July 30 sparked a surge in activity, causing users to shift funds and resulting in a backlog of 89,031 transactions on August 3. Although traffic has since eased, levels remain elevated at 31,727.
Ethereum co-founder Vitalik Buterin updated the network's roadmap to prioritize quantum-computing readiness and user privacy. This strategic adjustment focuses on safeguarding the blockchain against future cryptographic threats while enhancing base-layer transaction shielding and zero-knowledge proof scalability.
MoneyGram expanded its 'Ramps' service to Solana, enabling two-way cash-crypto conversions via a single API for crypto wallets. Jupiter rolled out Lend v2, allowing assets to generate dual yields by acting as loan collateral and trading liquidity simultaneously.