The post Secret Network Proposes SCRT Move From Cosmos to Arbitrum appeared on BitcoinEthereumNews.com.
Privacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons. Secret Network has been running privacy-preserving smart contracts on Cosmos since 2020, as the ecosystem had strong momentum back then, but the “environment has changed,” the team said Tuesday. “The security risk is the part we take most seriously,” it said. “Old code is becoming dramatically easier to analyze … With AI, the cost of attacking stale code is falling across the board.” The recent Axelar-Secret IBC bridge exploit highlighted growing security risk from aging, under-maintained code — a risk the team argues AI-assisted exploitation is making worse. The release of advanced AI models such as Anthropic’s Claude Mythos 5 has dramatically increased the capabilities for d
The post Secret Network may leave Cosmos for Arbitrum after bridge exploit appeared on BitcoinEthereumNews.com.
Secret Network is seeking to move SCRT from Cosmos to Arbitrum, citing security risks, weaker liquidity, and older code. Summary Secret says AI makes older bridge code easier to scan, attack, and exploit over time. The proposed Arbitrum move follows a $4.7 million Axelar-Secret bridge exploit tied to legacy integration. SCRT holders face a Sept. 1 snapshot, with non-native or contract-held balances excluded from claims. In a July 7 governance post, the privacy-focused blockchain said the plan would create a new ERC-20 SCRT token on Arbitrum through a one-time snapshot on Sept. 1. The team said native and staked SCRT balances would count, while sSCRT, bridged SCRT, contract-held tokens, and IBC assets would not qualify. The proposal has not passed yet. The team said the move needs a community vote, and the migration will not proceed if holders reject it. AI exploit risk drives
The post Charles Hoskinson Celebrates RealFi Launch as a Unique Cardano Innovation appeared on BitcoinEthereumNews.com.
Key Insights: Charles Hoskinson calls the RealFi testnet one of Cardano’s biggest milestones. Community members compare Ethereum’s UTxO plans with Cardano’s EUTxO model. Supporters highlight Cardano’s TPS data and look ahead to the Leios upgrade. Cardano news gained fresh attention after founder Charles Hoskinson welcomed the launch of the RealFi testnet and called it one of the biggest releases in the network’s history. The update came as community members also discussed Ethereum’s UTxO plans and Cardano’s transaction speed claims. Charles Hoskinson Welcomes RealFi Testnet Cardano founder Charles Hoskinson has praised the launch of the RealFi testnet, calling it one of the most important releases the network has seen. His comment followed RealFi’s announcement that Phase 1 of its testnet is now live. The project said users can now try some of its main features before
The proposed migration highlights the growing need for blockchain systems to adapt to evolving security threats, including AI-driven exploits.
The post Secret Network warns of AI exploit risks as it proposes migrating SCRT token to Arbitrum appeared first on Crypto Briefing.
XRP Ledger's asset growth may reshape the tokenization landscape, challenging Ethereum's dominance and signaling increased institutional trust.
The post XRP Ledger tokenized assets soar to $4B, challenging Ethereum, BNB Chain appeared first on Crypto Briefing.
The post Ethereum Tests $1,800 Zone Where 4.3M ETH Changed Hands appeared on BitcoinEthereumNews.com.
Ethereum News Ethereum (ETH) is testing the heavy supply zone around $1,800, a level where roughly 4.3 million ETH previously changed hands. Trading near $1,780 in recent sessions, the second-largest cryptocurrency by market value is attempting to reclaim a band that on-chain cost-basis data marks as a dense accumulation region. The UTXO Realized Price Distribution — an on-chain metric that maps how much supply moved at each price — shows this cluster now acts as stiff overhead resistance. A decisive close above $1,800 would signal buyers absorbing that supply, while a rejection risks a swifter slide. Follow our full Ethereum coverage as the level is contested. Should Ethereum convert the $1,800 barrier into support, the next upside objectives sit at $1,980 and $2,079, based on price-structure levels flagged across the charts. Those targets remain well beneath Ethereum’s all-time high,
Bitmine's aggressive ETH acquisition and staking strategy could tighten Ethereum's circulating supply, potentially impacting market dynamics.
The post Bitmine acquires 40,000 Ethereum for $72M from FalconX and Kraken appeared first on Crypto Briefing.
