Tech Headlines

1. Tornado Cash Ported to MegaETH Testnet by Developer in "Half-Joking" Move

A developer named Gunboats has ported the Ethereum privacy protocol Tornado Cash to the testnet of high-performance blockchain MegaETH, which claims to process 20,000 transactions per second. The new contract, named ETHTornado, currently lacks a frontend interface and sees minimal usage. Gunboats stated the effort was partly "half-joking," noting no code changes were required. The move follows the U.S. Treasury’s recent lifting of sanctions against the Tornado Cash protocol.

https://www.theblock.co/post/347632/developer-ports-tornado-cash-to-megaeth-testnet-as-treasury-department-lifts-sanctions-against-main-protocol

2. MEME Token FO Launches Official Website to Bridge Web2 and Web3

The MEME token project FO has launched its official website FO.meme, aiming to onboard 1 billion Web2 users into Web3. FO positions itself as a "Web2-level experience" hub through its FO-X ecosystem, spanning consumption, entertainment, and investment while enabling user ownership of data. The team emphasized FO’s role as a bridge to drive Web2 capital and users into decentralized systems.

https://foresightnews.pro/news/detail/68693

3. ZetaChain Partners with Google Cloud, Deutsche Telekom, Alibaba Cloud, and Others

ZetaChain, a general-purpose blockchain, announced partnerships with Google Cloud, Deutsche Telekom, NTT Digital, and other enterprises. These companies have joined as validators to support interoperable applications across multiple blockchains. The collaboration aims to strengthen ZetaChain’s ecosystem for seamless cross-chain interactions.

https://www.panewslab.com/zh/sqarticledetails/ro9dfymx.html

4. Coinbase in Advanced Talks to Acquire Deribit

Coinbase is reportedly in advanced negotiations to acquire Deribit, the largest Bitcoin and Ethereum derivatives platform, according to sources. The talks involve Dubai regulators, as Deribit holds a Dubai license. Coinbase, the U.S.’s largest crypto exchange, seeks to expand its derivatives offerings.

https://www.jinse.cn/lives/448023.html

5. Pump.fun Launches PumpSwap DEX for Instant Token Migration

Solana-based meme token platform Pump.fun introduced PumpSwap, a native decentralized exchange (DEX), bypassing traditional AMM platforms like Raydium. Tokens completing their bonding curves will migrate directly to PumpSwap, enabling faster liquidity launches.

https://www.theblock.co/post/347360/pump-fun-launches-dex-called-pumpswap-to-instantly-migrate-graduated-tokens?ref=onepagecrypto.com

Industry Dynamics

1. Australia Proposes Digital Asset Regulatory Framework for Industry Certainty

Australia is drafting a regulatory framework to clarify oversight for digital assets, requiring major crypto platforms to obtain an Australian Financial Services License (AFSL). Smaller firms not offering financial services would be exempt. Entities providing tokenized value storage, including some stablecoin issuers, will face licensing and compliance requirements.

https://foresightnews.pro/news/detail/68654

2. Australia Unveils New Crypto Regulations to Address "Debanking" Concerns

The Australian government announced reforms to regulate digital assets under existing financial laws, aiming to balance innovation with consumer protection. Key measures include mandating AFSLs for major crypto platforms and excluding small businesses from strict oversight. A Treasury document emphasized aligning with global standards to enhance Australia’s competitiveness in the sector.

https://decrypt.co/311035/australia-unveils-new-crypto-regulations-pledges-action-debanking

3. Coinbase Submits Four Key Regulatory Proposals to the SEC

Coinbase urged the U.S. Securities and Exchange Commission (SEC) to clarify crypto regulations, proposing:

1. Digital Commodities (e.g., network tokens, NFTs, memecoins) should be classified separately from Digital Securities (tokenized stocks/debt).

2. Secondary market trading of digital commodities should not be treated as securities.

3. Congress should define regulatory boundaries for digital assets during legislative gaps.

4. Stablecoins should be excluded from SEC jurisdiction until federal legislation is passed.

The proposals aim to align SEC oversight with industry realities amid shifting U.S. regulatory priorities.

https://www.theblock.co/post/347199/coinbase-calls-for-sec-to-take-steps-to-clarify-digital-asset-regulation-as-trump-era-shifts-regulatory-outlook

4. Trump Administration Explores Blockchain for U.S. International Aid

A leaked U.S. State Department memo revealed plans to rebrand the U.S. Agency for International Development (USAID) as the International Humanitarian Assistance (IHA) and integrate blockchain into its procurement processes. The memo proposed using blockchain to enhance transparency, traceability, and efficiency in aid distribution, though specifics (e.g., cryptocurrency use) remain unclear.

https://www.wired.com/story/trump-administration-usaid-blockchain/

In-Depth Analysis

1. Base vs. Solana vs. MegaETH: Who’s the Fastest Blockchain?

Base: Uses Flashblocks for pre-confirmation every 200ms via Intel SGX enclaves.

MegaETH: Processes Miniblocks every 10ms with subsecond finality.

Solana: Confirms transactions via Shreds in 400ms, prioritizing throughput over decentralization.

While all chains leverage pre-confirmation mechanisms, Base and MegaETH rely on centralized sequencers, raising trust concerns. Solana’s Shred architecture optimizes speed but faces scalability trade-offs. Analysts predict sub-second pre-confirmation will become an industry standard, with corruption prevention critical for adoption.

https://www.theblockbeats.info/news/57393