Odaily Planet Daily reports that privacy-focused blockchain Zano has announced that Zenith has entered the implementation phase, with a planned network transition in 2027, depending on the results of testing, analysis, and review. Zano has not yet announced an activation date, and the proposed operating parameters still require network-level verification. Zenith will transition Zano from a hybrid PoW and PoS mechanism to a privacy-preserving pure PoS protocol, reducing block time from approximately 1 minute to approximately 15 seconds, and the recommended confirmation count from 10 blocks to 4-6 blocks, with a typical confirmation time of approximately 60-90 seconds. Zano co-founder and core developer Andrey Sabelnikov stated that Zenith, based on over 12 years of privacy research, aims to give the network the advantages of modern PoS while retaining the privacy protection expected by Zano users. PoW miners currently receive approximately 720 newly issued ZANO per day, equivalent to approximately 21,600 per month or 262,800 per year. After Zenith activates and ends PoW mining, this portion of the issuance will be cancelled; Zano will also launch an official Zano Forum for technical discussions and community support.

Odaily Planet Daily reports that security company Project Eleven has launched a post-quantum proof technology designed to help users prove ownership of their Bitcoin wallets after a quantum computer can derive the private key and generate a valid signature. Project Eleven CEO Alex Pruden stated that the technology uses wallet key derivation paths, allowing users to prove control without disclosing the parent key, thus distinguishing legitimate owners from attackers. This solution was developed in collaboration with Jim Posen, the main maintainer of the open-source Binius zero-knowledge proof system, and is based on the "signature boosting" technique proposed by Alon Sattath and Robert Wyborski. Project Eleven stated that the prototype has not yet been audited and requires blockchain protocol support before deployment, primarily targeting users who will miss the opportunity to migrate to quantum-resistant addresses in the future.

Odaily Planet Daily reports that crypto payment company BitPay has announced it has received approval from the Dutch Financial Markets Authority (MFMA) to obtain a crypto asset service provider license, allowing it to operate within the regulatory framework of the crypto asset market in EU member states. BitPay stated that this license will support the company's expansion of crypto payments and stablecoin payments services in Europe. According to relevant requirements, all entities providing crypto-related services must be subject to regulation from July 1st. Jonathan Arler, BitPay's head of Europe, stated that Europe is one of the most important regions for the future development of payments. Previously, Ripple announced it had received a crypto asset service provider license from the Luxembourg financial regulator.

In the past hour, total liquidations across the network reached $14.30 million, with $11.70 million from long positions, with $2.60 million from short positions. BTC liquidation $2.29 million, ETH liquidation $3.19 million.

MyToken Short-Term Trading Assistant just detected a sell signal of XRP/USDT at UTC/GMT 18:00:00 pm, Jul. 16, with the sell price at 1.09 USDT. According to the analytical result from Short-Term Assistant, recently XRP is going weak and showing a downtrend. The next resistance level above is 1.13 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡