KEYTAKEAWAYS
- South Korea Delays Passage of Second Phase of Virtual Asset Law Due to Controversy Over Stablecoin Clauses
- Optimism Releases Quantum-Resistant Roadmap for Superchain: ECDSA EOAs to be Phased Out Over 10 Years
- The probability of another US government shutdown before the end of this month is close to 80%
- KEY TAKEAWAYS
- South Korea Delays Passage of Second Phase of Virtual Asset Law Due to Controversy Over Stablecoin Clauses
- Optimism Releases Quantum-Resistant Roadmap for Superchain: ECDSA EOAs to be Phased Out Over 10 Years
- The probability of another US government shutdown before the end of this month is close to 80%
- DISCLAIMER
- WRITER’S INTRO
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
South Korea Delays Passage of Second Phase of Virtual Asset Law Due to Controversy Over Stablecoin Clauses
According to Techinasia, the legislative process for South Korea’s second phase of the Virtual Asset Law has been delayed due to controversy over key clauses.
The bill aims to comprehensively regulate digital assets, including stablecoins. The main points of contention are twofold: first, the issuer qualifications for Korean won stablecoins—whether they should be led by banks or authorized companies; and second, whether to relax restrictions on the separation of financial and virtual asset businesses to encourage innovation.
Furthermore, the bill proposes a 15%-20% cap on shareholdings by major shareholders in exchanges, which critics argue is too restrictive.
Due to the legislative delay, discussions on related issues such as spot virtual asset ETFs and the trading of virtual assets by listed companies have also been put on hold. Negotiations are still ongoing among government agencies, industry participants, and political groups.
Optimism Releases Quantum-Resistant Roadmap for Superchain: ECDSA EOAs to be Phased Out Over 10 Years
According to official news, Optimism has released a quantum-resistant roadmap for Superchain, the core of which is the announcement of a ten-year phase-out of External Owners (EOAs) based on ECDSA signatures.
Specifically, by January 2036, EOA transactions using ECDSA signatures on the Optimism mainnet and Superchain will be deprecated. All such accounts will need to delegate their key management to smart contract accounts that support post-quantum signatures.
This roadmap covers both user and consensus levels. At the user level, using account abstraction technology and standards such as EIP-7702, EOAs will gradually delegate signing authority to smart accounts capable of verifying post-quantum signatures.
At the consensus level, L2 orderers and bulk committers will migrate to post-quantum signatures. It also calls on Ethereum itself to develop a timeline for migrating validators from BLS signatures and KZG commitments to post-quantum algorithms.
The entire upgrade process will be coordinated through a hard fork, providing the ecosystem with ten years for a smooth transition.
