The lawsuit against the memecoin launch platform Pump.fun, Solana Labs, the Solana Foundation and Jito was amended to include new evidence over MEV trading practices. A US court is once again being asked to weigh in on maximal extractable value practices after a judge allowed new evidence to be added to a class-action lawsuit tied to a memecoin platform. The judge granted a motion to amend and refile to include new evidence a class-action lawsuit against memecoin launch platform Pump.fun, the maximal extractable value (MEV) infrastructure company Jito Labs, the Solana Foundation, which is the nonprofit organization behind the Solana ecosystem, and others. The motion said over 5,000 pieces of evidence in the form of internal chat logs were submitted by a “confidential informant” in September that were previously unavailable. The filing said: Read more
ETH rebounded toward $3,000 as stocks reacted positively to a cooler-than-anticipated CPI print, but this week’s $553 million spot ETHER ETF outflow could keep a cap on prices. Key takeaways: US-listed Ether ETFs saw heavy outflows, signaling fading institutional interest as network fees, staking and leverage demand declined. ETH futures premiums and open interest declined, indicating cautious positioning and limited confidence, without a clear shift to outright bearishness. Read more
Aptos has proposed an optional post-quantum signature scheme, citing long-term risks that advances in quantum computing could pose to existing cryptography. Blockchain network Aptos is moving toward a post-quantum signature option, reflecting growing concern that advances in quantum computing are no longer purely theoretical and could eventually affect how blockchain networks secure accounts and transactions. On Thursday, Aptos outlined a proposal to introduce post-quantum signatures, addressing the network’s reliance on digital signatures for ownership, transaction authorization and overall security. While existing cryptographic schemes remain secure against classical computers, researchers warn that sufficiently powerful quantum machines could one day forge them, potentially compromising account security retroactively. Read more