fusion

NVIDIA released the open-source AI model NVIDIA Ising Calibration 1.5, designed for the automatic analysis of quantum processor (QPU) diagnostic data, and to autonomously determine device calibration schemes, achieving automation of the quantum computer calibration process. NVIDIA stated that Ising Calibration 1.5 is a visual language model (VLM) specifically designed for quantum computing calibration scenarios, capable of understanding experimental data from quantum chips and performing "zero-shot" analysis in the absence of historical cases, while also enabling context learning (ICL) with relevant experimental samples to help continuously optimize the operational state of quantum devices.In the QCalEval quantum calibration benchmark test, Ising Calibration 1.5 averaged about 10% ahead of similarly sized open-source models in zero-shot inference capability, and when using relevant experimental cases for context learning, it showed an approximately 86.5% performance improvement over the previous generation model, surpassing multiple open-source models and approaching the level of top closed-source large models. The model has 31 billion parameters and supports operation on NVIDIA Grace Blackwell and Vera Rubin data center GPUs. It also launched an NVFP4 quantized version, which can be deployed on a single consumer-grade GPU or NVIDIA DGX Spark, significantly lowering the usage threshold for quantum laboratories.NVIDIA claims that the training data for Ising Calibration 1.5 comes from various qubit architectures, including superconducting qubits, quantum dots, ions, neutral atoms, and helium surface electrons, providing calibration capabilities for different types of quantum computing devices. Industry experts believe that automated calibration is one of the key bottlenecks in the scalable development of quantum computing. NVIDIA's launch of this AI-driven quantum calibration tool signifies that AI models are beginning to extend from traditional computing domains into the quantum hardware control layer, potentially becoming an important component of the future quantum computing industry infrastructure.

Vitalik Buterin published an article titled "Obfuscation: building the final boss of cryptography (Part I)", systematically outlining the entire technical tree behind the mainline of the obfuscation protocol (iO). The article points out that obfuscation technology can transform programs into "encrypted programs", allowing computations on plaintext inputs while hiding internal logic. Theoretically, it can achieve "trustless trusted third parties", and when combined with blockchain, it can build nearly trustless voting systems, auction protocols, and various other applications. However, the current iO scheme, while technically polynomial time, incurs enormous practical overhead, with expected runtimes exceeding the lifespan of the universe.The article details the construction process of lattice-based iO, covering the stacking of primitives such as fully homomorphic encryption (FHE), attribute-based encryption (ABE), obfuscated circuits, function encryption, and XiO. Vitalik stated that the field has moved from "impossible" to "provably secure" over the past decade, but there remains a significant gap to practical application. He proposed three future paths: further optimizing the existing lattice-based route, adopting bolder cryptographic assumptions to simplify constructions, or exploring entirely new assumptions that are completely different from lattices, emphasizing that if any direction succeeds, it will largely "solve cryptography", enabling any protocol describable by an ideal trusted third party to be securely implemented.

According to Jinshi reports, the research report from Zhongtai Securities indicates that overall, the market is likely to maintain a clear bottom and a pattern of consolidation in the next week or two. After the important IPO listings, as market uncertainties settle and sentiment improves, the market is expected to welcome a rally towards previous highs/new highs. The subsequent market style will still be technology diffusion rather than style switching.Focus on technology: storage and semiconductor equipment, overseas computing power chains. Storage and semiconductor equipment are currently the most certain directions.Non-technology directions: new energy, AI-related new materials and minor metals, engineering machinery, and brokerage firms. In the new energy sector, the electricity demand driven by AI computing power expansion and the logic of going overseas constitute medium-term support. In terms of AI-related new materials, the price increase spiral for copper-clad laminates (CCL) has already begun. Brokerage firms benefit from IPO participation and active market trading, still presenting opportunities for fluctuations.

According to a report by The Information, Helion, a fusion startup backed by OpenAI founder Sam Altman, announced the completion of a $465 million financing round, led by Thrive Capital.After this investment, Helion's valuation reached $15.5 billion, nearly three times its previous valuation of $543 million.

Slow Mist posted on platform X that MistEye detected potential suspicious activities related to Fusion. The root cause is a vulnerability in the underlying contract commissioned by an EOA account controlled by the project team through EIP-7702, which allows arbitrary external calls, enabling attackers to create and configure malicious circuit breaker contracts for PlasmaVault, thereby extracting funds from the contract.

Fusion Releases Security Update: The IPOR USDC Fusion Optimizer has a vulnerability in the Arbitrum Vault. The IPOR team has been notified of a vulnerability that resulted in a loss of $336,000 USDC.The vulnerability targets a specific outdated Fusion Vault. Due to its unique configuration, this is the only vault that is susceptible to this particular attack vector. The loss accounts for less than 1% of the total funds guaranteed by Fusion. They are working with the Security Alliance to track and recover the funds. The IPOR DAO will cover the funding gap from the treasury. All affected depositors will be fully compensated.

CertiK Alert stated that suspicious transactions were detected in the Fusion PlasmaVault contract. During a withdrawal call, the newly configured "fuse" contract transferred all funds (approximately $267,000) to the EOA address 0x9b1b, which then cross-chain transferred the funds to Ethereum and deposited them into Tornado Cash.

Flow network has encountered an attack targeting the Cadence virtual machine type confusion vulnerability, resulting in illegal token issuance. The attacker exploited a complex "three-part vulnerability chain" to bypass resource linearity guarantees, disguising resource objects as structs for duplication. The incident caused approximately $3.9 million in actual economic losses, with funds flowing out through cross-chain bridges such as Celer and deBridge.According to Flow monitoring, the attacker created a total of 87.96 billion FLOW and various tokens, of which 1.094 billion FLOW were transferred to centralized exchanges. Thanks to timely shutdowns by validators and cooperation with OKX, Gate.io, MEXC, and others, about 98.7% of the illegal assets have been frozen on-chain or at exchanges, and approximately 484 million FLOW have been destroyed. The network has recovered on December 29 through an "isolation recovery plan," and a comprehensive patch covering parameter validation, runtime checks, and contract deployment logic has been deployed.

According to official news, YZi Labs Management Ltd. is currently reviewing the recent actions taken by BNC (CEA Industries) regarding the formation of a shareholder group and the initiation of a proxy solicitation process. These actions, which harm shareholder interests, include the "poison pill plan" and amendments to the bylaws aimed at obstructing and delaying shareholders from exercising their rights through written consent. YZi believes that the substantive effect of these actions is to impose unnecessary restrictions and procedural burdens beyond what is required by Nevada law.The company's board of directors ("Board") appears to be taking these steps to consolidate its position—even after YZi warned that further erosion of shareholder rights would provoke strong dissatisfaction among shareholders. YZi has reminded the Board that its failure to properly fulfill its fiduciary duties may expose it to potential legal risks. Nevertheless, the Board has chosen to restrict shareholder rights rather than acknowledge its mistakes, indicating that they are aware of their lack of shareholder support. Many other shareholders have confirmed to us that they share the same concerns and shock as YZi regarding BNC's unwise strategic shift and abandonment of the BNB ecosystem.Furthermore, YZi refutes the company's false statement that it "has never considered adopting alternative tokens for the company's digital asset reserve strategy, nor has it initiated a competitive digital asset reserve business." This denial contradicts the remarks made by BNC CEO David Namdar at the industry conference in November 2025, where he explicitly stated that BNC had considered shifting to other crypto assets like Solana. Coupled with Mr. Namdar and Board member Hans Thomas actively promoting and fundraising for other digital asset reserve projects during their tenure at BNC, YZi believes shareholders have reason to be concerned about their interests being betrayed.

Former co-chairman of the board of directors of Canaan Creative, now founder and chairman of Nano Labs, Kong Jianping, stated yesterday: "The logic of Bitcoin's takeover is undergoing fundamental changes. The path of the past bull market was very clear: geeks → programmers → retail investors → mainstream finance, with each round of increase being the result of cognitive diffusion.However, after 2024, ETFs and institutional holdings have changed the supply-demand structure. A portion of BTC is being transformed into dormant assets that do not participate in short-term speculative games, similar to how gold entered the central bank system. When chips are locked up for the long term, the number of sellers willing to enter and exit repeatedly decreases, and the price driving force will shift from 'cognitive diffusion' to 'supply contraction.' The next round of increase may no longer require new narratives and beliefs."

ChainCatcher news, according to Bloomberg, the brokerage giant TP ICAP Group's institutional crypto spot platform Fusion Digital Assets plans to add stablecoin trading pairs in the first half of next year.The platform's monthly trading volume in September surpassed $1 billion for the first time, with the number of transactions increasing fivefold compared to the same period last year, and the nominal trading volume has grown by approximately 85% on average per month over the past 12 months. Simon Forster, co-head of global digital assets at TP ICAP, stated that friendly U.S. regulations are driving institutional participation; Duncan Trenholme mentioned that institutions from multiple countries may directly exchange stablecoins priced in different fiat currencies, forming an "on-chain" spot foreign exchange market. Currently, Fusion only offers spot trading for BTC and ETH, which is far below the scale of retail-driven platforms like Binance.

ChainCatcher news, according to Bloomberg, BitMEX co-founder Arthur Hayes is shifting his investment focus to the field of human longevity. He has recently made a significant investment in a stem cell company that has clinics in Mexico and Bangkok, and has joined its board of directors.Over the past year, he has regularly traveled to receive intravenous infusion treatments, stating that he "hopes to extend his life as healthily as possible." Although the company name has not been disclosed due to rebranding, he emphasized: this is the trend of the future—more and more countries are relaxing regulations on the use of stem cells.

ChainCatcher news, according to the official announcement, Binance is expected to suspend the token deposit and withdrawal services for Fusionist (ACE) network on August 20, 2025, at 13:00 (UTC+8) to support its network upgrade and hard fork.The project team will conduct the network upgrade and hard fork at block height 3,828,237 (expected on August 20, 2025, at 14:00 UTC+8).

ChainCatcher News, SEC Commissioner Caroline Crenshaw stated that the new liquid staking statement fails to clarify the applicability of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of assumptions that have not been validated by industry realities, and the legal conclusions only apply if these assumptions hold true.Previously, the SEC released a statement regarding liquid staking activities, clarifying that liquid staking activities are not considered securities. The SEC stated that participants in liquid staking activities do not need to register their transactions with the SEC under the Securities Act, nor do they need to comply with the registration exemption provisions of the Securities Act regarding these liquid staking activities.

ChainCatcher news, according to the official announcement from Binance, the BNSOL Super Staking will launch its ninth project - Fusionist (ACE), a Web3 AAA game developed by a group of experienced industry professionals, utilizing Unity and HDRP technology to provide all users with high-quality products and an engaging gaming experience. From June 24, 2025, 08:00 to July 25, 2025, 07:59 (UTC+8), users who complete the following actions will receive ACE APR Boost airdrop rewards.To further enhance the BNSOL ecosystem, Binance will expand the benefits of holding BNSOL from the trading platform to the decentralized world through the new decentralized BNSOL asset feature; in this BNSOL Super Staking, the supported decentralized BNSOL assets will be included in the calculation of APR Boost airdrop rewards; please note that from the date of the announcement, newly added decentralized BNSOL assets to the above list will also start to receive APR bonus airdrop rewards provided by other ongoing and announced BNSOL Super Staking activities (counting from the first day snapshot).