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Vitalik: The Diamond iO exploration program "stealth" new paradigm may drive privacy computing into a new stage

Ethereum co-founder Vitalik Buterin published a new article introducing a novel cryptographic obfuscation technology called Diamond iO. This technology aims to address the extremely low efficiency of traditional indistinguishable obfuscation schemes, allowing programs to run while hiding internal logic and critical data. Although traditional iO technology possesses strong privacy protection capabilities, its operational costs are prohibitively high, making it nearly impractical. Diamond iO, by adopting more aggressive new cryptographic assumptions, enhances computational efficiency from "universe-level time consumption" to "planet-level time consumption," bringing it closer to practical application.Diamond iO is built on technologies such as Attribute-Based Encryption (ABE) and Fully Homomorphic Encryption (FHE). By encrypting programs, it allows users to execute the encrypted programs and obtain correct outputs without being able to view the internal code or hidden keys. This solution introduces a new input encoding mechanism and conditional decryption method, reducing computational complexity while ensuring the program logic remains hidden. Its core application scenarios include protecting programs that contain private keys, enabling secure software licensing, constructing trustless cryptographic services, and supporting blockchain and artificial intelligence systems with stronger privacy protection.However, Diamond iO is still in the early research stage, and its security relies on new cryptographic assumptions, including All-Product LWE and Evasive LWE, which require further research validation. At the same time, the technology still faces efficiency challenges such as high computational overhead and circuit depth limitations. Researchers believe that by optimizing underlying hash functions, improving homomorphic encryption schemes, and reducing security parameter requirements, Diamond iO is expected to become an important direction for advancing practical program obfuscation technology in the future.

Glassnode: The reduction of BTC holdings by "diamond hands" poses greater resistance to price increases, as current bottom-fishing funds have failed to create sufficient demand to absorb selling pressure

ChainCatcher news, Glassnode posted on social media that the illiquid Bitcoin supply has begun to decline, with approximately 62,000 BTC moved from long-term dormant wallets since mid-October. When the illiquid supply decreases, more tokens will enter the circulating market, and if there is a lack of strong new demand, the upward price trend will face greater resistance.In this cycle, the illiquid supply was an important driving force, but the recent reversal has broken this trend. Historically, similar supply backflows often weaken market momentum—there was a larger outflow of 400,000 BTC in January 2024, and although the current change is relatively mild, the trend is worth noting.Interestingly, whale wallets have continued to accumulate during this period. Over the past 30 days, whale holdings have steadily increased, and there has been no large-scale selling since October 15. The ongoing largest outflows mainly come from wallets holding 0.1-10 BTC (approximately $10,000 to $1 million in assets). This group has maintained a net selling position since November 2024. Momentum traders have largely exited, while bottom-fishing funds have failed to create sufficient demand to absorb the selling pressure. As first-time buyers remain on the sidelines, this supply-demand imbalance will continue to suppress prices until stronger spot demand emerges.
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