枫之

[易富贤Yi Fuxian《大国空巢》 @fuxianyi]

找到湘军将领、二品顶戴易孔昭（我曾祖族兄）为左宗棠、曾国荃的挽联。他曾是曾国荃部将，后随左宗棠平定陕甘、收复新疆时负责后勤，创建兰州大学。左宗棠为曾国藩的挽联：“同心若金，攻错若石，相期无负平生。”易孔昭为左宗棠的挽留表达同样意思：“曾文正行或殊辙，趋则同仁。”

[Alex 👽 @AlexesNakamoto]

21M Bitcoin.

• Individuals – 11,800,000 BTC
• Lost – 3,500,000 BTC
• Spot ETFs – 1,500,000 BTC
• Public Companies – 1,218,000 BTC
• Other (exchanges, miners…) – 1,356,000 BTC
• Not yet mined – 976,178 BTC
• Governments – 650,000 BTC

[大漂亮| C Labs @giantcutie666]

世界银行昨天出了一份中国经济简报，内容很劲爆😅

因为内需疲软，中国的房价还会继续下跌，且GDP增速会持续放缓

世行说内需疲软的原因是政府乱花钱😂

政府把43％的预算拿去投资，远高于发达国家13.5％的水平

而民生投入仅占28％，远低于同行60％以上的水平

且这些民生投入，主要还是去的体制内🤣

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[刘红林律师 @Honglin_lawyer]

https://t.co/FT9UvDwlQJ

[蓝狐 @lanhubiji]

最近以太坊社区的发展越来越好玩了。

不久前有 ETHlabs 类似“以太坊第二基金会”，专注推进技术路线的落地。

现在又出来一个专门跟机构打交道的独立非营利组织：Ethereum Institutional。

看起来像是以太坊“销售团队”，不过，它是填补以太坊治理与采用之间的最后一公里。

补齐了非常重要的一环。

Solana、Avalanche 等之前派销售团队满世界跑机构招标，之前以太坊靠“ 可信中立”躺着等，现在终于要主动出击。

成立的时机也很完美：2026 年机构正在做长期基础设施决策（资产上链、稳定币、链上资本市场）。

谁先把“中立+专业服务”做好，谁就能锁定未来十年网络效应。

Ethereum Institutional 到底是干嘛的？

一句话总结：

专门帮传统大机构（银行、资管、券商等）更轻松、更放心地采用以太坊以及它的 L2 生态。

具体做什么？五个核心方向：

1. 直接跟机构沟通对接（Institutional Engagement）

2. 给机构提供清晰、中立的信息和研究（Institutional Intelligence）

3. 推广整个以太坊生态和 ETH（Ecosystem & ETH Marketing）

4. 挖掘机构真实需求，反馈给生态（Industry Discovery）

5. 办活动、拉人见面（Events & Convenings）

它的创始团队此前在以太坊基金会从零搭建了企业/机构部门，接触过几百家机构。现在独立出来做这件事。

目前主要支持来自：以太坊联合创始人 Joseph Lubin、Tom Lee的 BitMine（第一大 ETH 企业财库）、以及第二大财库 Sharplink。

与 Ethlabs 的关系：

Ethlabs更偏技术研发 + 核心协议（前 EF 研究员）。

Ethereum Institutional 更偏机构采用 + 商业对接（前 EF 企业团队）。

两者互补，都是“EF 外部化”/“社区化”趋势的一部分,以太坊正在从单一基金会走向多节点守护模式，是去中心化治理的进化。

总结一下

以太坊终于有了专门的“机构对接团队”。以前机构来问经常没人理，或者被项目方拉扯。

现在有人站在中立立场帮他们把事情搞清楚、做好决策。尤其当下正值机构大规模决定“未来用哪个链做底层”的关键窗口期。

长期看，这对以太坊是明显利好信号。

[吴说区块链 @wublockchain12]

Vitalik Buterin：加密生态不能重蹈 OpenAI 覆辙（历史视频 ）

2025 年 7 月 3 日，以太坊联合创始人 Vitalik Buterin @VitalikButerin 在 EthCC 演讲视频中表示，加密行业不能重蹈 OpenAI 的覆辙，即先为了“安全”而放弃“开放”，随后又为了加速扩张而放弃“安全”。他认为，Web1、Web2 甚至部分加密生态最终走向公司化运作，往往是因为项目在形成实体后，逐渐被利益诉求和社交人脉所裹挟。Vitalik Buterin 表示，行业应建立更多元的资金和奖励模式，在追求商业成功的同时，必须坚守开源、隐私和抗审查等核心原则。

来源：Cointelegraph

[枫之 @white131419]

@RiverdotInc STEED ，0x276c163fed46215029a186cb459f10d3f0e888bb

[枫之 @white131419]

@ViewsOfChris STEED ，0x276c163fed46215029a186cb459f10d3f0e888bb，这个不错

[ChandlerGuo 郭宏才 宝二爷 @ChandlerGuo]

2100万个比特币。

• 个人 – 11,800,000 BTC
• 丢失 – 3,500,000 BTC
• 现货 ETF – 1,500,000 BTC
• 上市公司 – 1,218,000 BTC
• 其他（交易所、矿工等） – 1,356,000 BTC
• 未开采 – 976,178 BTC
• 政府 – 650,000 BTC

[枫之 @white131419]

@STEED_CN Good

[小C | 🔶BNB @0xXIAOc]

CZ的新书《币安人生》
电子版可免费阅读：https://t.co/bcZ47mXxVD

[枫之 @white131419]

@Vito_168 成都，怎么报名

[vitalik.eth @VitalikButerin]

I'm actually trying to do something even more ambitious:

Create "cypherpunk principled non-ugly ethereum" as a bolt-on to the present-day system, in a way that's as tightly integrated and interoperable as possible, and then grow it over time, in the mean time making sure ethereum itself gains the cypherpunk and simplicity properties that just necessarily have to be system-wide (eg. censorship resistance, zk prover friendliness, consensus properties). Then, in 5 years (or maybe way sooner with AI coding and verification, who knows), we have an open pathway to turn the existing system into smart contracts written in the language of the new system if/when we want.

Ethereum has already made jet engine changes in-flight once (the merge), we can do it ~4 times more!

(state tree, Lean consensus, ZK-EVM verification, VM change)

[ME News @MetaEraCN]

📜中国证监会发布跨境资产支持证券代币监管指引

中国证监会发布《关于境内资产境外发行资产支持证券代币的监管指引》，明确以境内资产现金流为支撑、在境外发行的证券代币纳入监管范围，要求严格遵守跨境投资、外汇管理、数据与网络安全等相关法规。

指引强调，开展相关业务前，境内实际控制基础资产的主体需向证监会备案，提交发行方案及全套境外发行材料，并确保信息真实、完整，不得损害国家利益和公共利益。

[vitalik.eth @VitalikButerin]

@RyanSAdams ETH is a store of value and one of the most important apps on ethereum.

[Yishi @ohyishi]

https://t.co/2X7IKQxyYY

[BlockBeats｜We're hiring! @BlockBeatsAsia]

信息量超大！这就是顶级投资人的远见吗！

泡泡玛特首位投资人、一姐进币圈的引路人麦刚在 11 年前的神预测：比特币将被华尔街利用成为维持美元霸权的工具🤔🤔

其中大部分观点放到今天都适用甚至还映射了现实，小编摘录了一些核心观点⬇️⬇️

1.不要简单地认为全世界央行都会反对比特币。如果某一国央行发现巧妙利用比特币，能给本国货币地位带来提升的话，他一定会去拥抱比特币。
✅预言成功

2.美国是公开拥有比特币最多的国家和政府（缴获了丝绸之路暗网的数十万枚比特币）。也就是说，美国将很有可能以极低的成本获得在未来最有价值的虚拟资产，从而再次奠定美元霸主的地位。
✅预言成功（现在也是）

3.一旦美国对比特币的储量、算力、计价获得优势的话，美国很可能在未来 10-20 年宣布下一代货币体系，彻底将美元和比特币挂钩。
❎还有待验证

4.美国华尔街一定会在未来对比特币进行很多大动作。
✅预言成功

5.与通过战争、能源策略等维持美元地位的方式比起来，比特币是更悄无声息、低成本，也更合情合理的选择。
✅预言成功

6.比特币不是自由主义者、不是无政府主义的工具，比特币是多方博弈的焦点。这是全球金融货币间的一场最伟大的博弈。
✅预言成功

[Bitfinex @bitfinex]

Quantum computing poses a potential risk for digital assets. 🧠

Most crypto systems rely on elliptic curve signatures. These are strong today, while the quantum machine is sub-scale

The best blockchains are focused on post-quantum cryptography and ensuring resilience.

[Star_OKX @star_okx]

17 years later, this whitepaper is still changing the world — one block at a time.
From an idea written in code to the foundation of a new financial system — Bitcoin didn’t just create crypto, it created a movement. ⚡