Odaily reports: The University of Oregon blockchain group Dorm DAO has published a research report recommending a full-position buy of AI mining project Pearl (PEARL), with a target price of $2.5 to $3. The project currently has a market cap of approximately $531 million.The report notes that Pearl is a Layer 1 public chain adopting a "Proof of Useful Work" (PoUW) mechanism, replacing traditional PoW computation with matrix multiplication, enabling GPUs to participate in network security maintenance and earn token rewards while performing AI tasks. The fund believes that potential listings on Coinbase and Kraken, the FP8 kernel upgrade, and the AI compute narrative are its main growth catalysts.However, the report also cautions that currently less than 1% of blocks involve real AI tasks, and the token supply is expected to grow by approximately 86% next year. Additionally, the approximately 122 million tokens produced within the first 6 days of mainnet launch have not had their team's internal holdings disclosed, and the project has not yet completed a third-party code audit.

Odaily News: Decentralized perpetual contract exchange Deepsigma has launched a real-time simulated trading platform covering 77 traditional financial markets, including U.S. stocks, stock indices, commodities, and U.S. Treasury yields. The platform is built on the Cypherium blockchain and is being advanced by a team of alumni from Goldman Sachs, Citadel Securities, Google, and Uber, supporting long and short exposure trading for the relevant assets.Deepsigma's perpetual contracts do not tokenize, custody, or physically deliver the underlying assets; instead, they track prices through external market data sources. The platform currently supports contracts on the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, Russell 2000 Index, Cboe Volatility Index, as well as crude oil, gold, silver, natural gas, and copper.The platform's risk engine employs multiple external price sources, mark prices, circuit breakers, partial liquidations, and an insurance fund, and uses a central limit order book and a clearing layer to handle margin, collateral, and settlement. Deepsigma is also developing a zero-knowledge proof-based decentralized identity framework and configuring off-chain AI analytics tools with unfunded execution permissions; the underlying Cypherium adopts a hybrid PoW and HotStuff Byzantine fault-tolerant consensus mechanism and holds 4 U.S. patents. (Bitcoin.com News)

Odaily News: According to market sources, Powerlaw is considering a strategic sale of part of its SpaceX shares to raise funds for dividend distributions, tax allocations, and new private market investments.

Odaily reports that blockchain project Quantus has announced the launch of its PoW mainnet featuring quantum-resistant cryptography. It incorporates ML-DSA-65 and ML-DSA-87 digital signature mechanisms, with a maximum total supply of 21 million native tokens QTC, and PoW mining is open from launch. (Bitcoin.com News)

1. Market News: FOMO may support NFT trading in the future;2. Analyst: On-chain funds may be rotating from Robinhood Chain to Solana;3. Ranking first across all chains, Robinhood Chain saw a net outflow of $306.19 million last week;4. Solana and BSC lead on-chain DEX trading, with Robinhood Chain ranking third;5. Vitalik refutes Silicon Valley investor's "AI will kill BTC" argument: the probability of hash algorithms or PoW being compromised is extremely slim;6. After Bankless founder liquidated his ETH position, the replacement tokens ZEC and LIT have both significantly outperformed ETH;7. Long.xyz co-founder: sticking to RWA-only pairings, the next phase goal is to further expand scale;8. US Senator: If the CLARITY Act is not passed in the current Congress, the next legislative opportunity may not come until 2030.

Odaily News Silicon Valley angel investor Liron Shapira (@liron) posted on X this morning: "I predict (with 50% confidence): due to AI shaking the security and stability guarantees people once believed Bitcoin possessed, BTC's price will plummet more than 50% within the next two years."Ethereum co-founder Vitalik Buterin rebutted this, stating: "I hold the exact opposite view. My basic reasoning is that, in the long run, I am quite optimistic about network security. I believe the main challenge lies in smoothly navigating the transition period. Moreover, I think BTC can at least properly handle all problems that do not require social consensus (such as upgrading clients, mining pools, etc., to counter network-level attacks — these fall into this category). Additionally, I believe the probability of hash algorithms or proof-of-work mechanisms being genuinely broken is extremely slim. I would have wanted to bet with you, but considering my current asset allocation (I guess you hold the same view regarding Ethereum ETH), I have already staked about 90% of my net worth on this bet."

Odaily News: Luke Dashjr has used a random method to determine that BLAKE2b will serve as the new PoW algorithm for the BIP-110 chain, replacing the SHA-256d algorithm currently used by Bitcoin. Compared to SHA-256d, BLAKE2b is more suitable for mining with general-purpose CPU/GPU, is more CPU-friendly, and can reduce the advantage of existing Bitcoin ASIC miners.Previously reported, Luke Dashjr plans to officially implement the BIP-110 hard fork on September 1, making it an independent blockchain and generating a new token distinct from Bitcoin. Luke Dashjr has had his Bitcoin BIP editing permissions revoked by the Bitcoin BIP editor team.

Odaily News – Luke Dashjr, co-founder, chairman, and CTO of Jack Dorsey-backed Bitcoin mining pool Ocean, has announced he is temporarily stepping away from these roles to focus on Bitcoin and open-source project development. Ocean's communications lead, Bitcoin Mechanic, has also announced a temporary departure. Both have stated this is a temporary leave of absence rather than a permanent resignation.The BIP-110 minority chain has mined only two blocks since splitting at block height 961,632, and has since stalled due to inheriting Bitcoin's 127,480,000 difficulty and a relatively low share of SHA-256d hashrate. Bitcoin Knots developers are preparing a hard fork that plans to reset the proof-of-work, adjust the block header, and add replay protection.Developers plan to select the new PoW algorithm from BLAKE2b-256, SHA3x, BLAKE2s, Scrypt, BLAKE3x2, and Eaglesong, using a commit-reveal mechanism, with the algorithm to be determined by the next block produced after 14:00 UTC the following day. Dashjr, Kyle, and Chris Guida are respectively responsible for the block header and PoW, replay protection, and RDTS adaptation. BIP-110 shares transaction history with Bitcoin, and developers believe changes such as transaction signatures are needed to prevent Bitcoin transactions from becoming valid on the minority chain. The Bitcoin community has criticized the fork for producing only two blocks so far, arguing that nodes can execute custom rules but cannot compel users, miners, exchanges, and businesses to switch to the chain. (Bitcoin News)

Odaily News: PoW blockchain Ravencoin stated that its network has a critical consensus vulnerability that has been exploited, allowing vulnerable nodes to accept invalid blocks. The first known invalid block appeared at block height 4,487,776. Currently, 2Miners and RavenMiner, which control the majority of hashrate, stated they are mining a chain starting from height 4,487,776 that excludes the exploited branch. If this chain becomes the dominant chain, it could lead to an approximately three-day deep chain reorganization. Ravencoin advises centralized exchanges to temporarily suspend RVN deposits and withdrawals until the network stabilizes; transactions confirmed after block height 4,487,775 should be considered at risk. Ravencoin also emphasized that this notice aims to enhance transparency and risk awareness and does not represent its support for any rollback or recovery plan.

Odaily星球日报讯 比特币第三大矿池 F2Pool 联创王纯在 X 平台发文表示，OCEAN 矿池联合创始人兼 CTO Luke Dashjr 不仅财务上已经破产，个人信誉也已破产；他还“建议”Luke 下一步尝试更改 PoW 算法，但结果同样不会好。此前消息显示，比特币 BIP-110 分叉上线 8 小时后面临夭折，该分叉获得的算力支持不足，仅产生两个区块。