On August 27, Blockstream researchers published a Bitcoin Improvement Proposal to upgrade Bitcoin with the SHRINCS signature scheme, shrinking a hash-based post-quantum signature by about 13.23 times, though it remains nine times larger than Bitcoin’s existing signatures. Solana validators approved SGP-0002 with 67% support, doubling the network’s annual disinflation rate from 15% to 30% and reducing SOL issuance by 18.9 million over six years, while accelerating the timeline to reach the 1.5% terminal inflation rate to approximately 2.8 years. Solana processed a record 4.2 billion transactions in July, up 13.5% from June. Consumer advocacy organization Public Citizen claims that President Trump’s digital asset ventures left investors at least $4.7 billion underwater since 2022, including $3.2 billion lost on the Official Trump (TRUMP) memecoin and at least $1 billion on the World Liberty Financial governance token. CryptoQuant CEO Ki Young Ju flagged that the Bull/Bear Market Cycle Indicator turned positive for the first time since early October, signaling the end of Bitcoin’s bear cycle.
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