# Migration Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Migration", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

$30 Billion DeFi Capital Exodus: LayerZero Stumbles, Chainlink Feasts

Following the major DeFi security incident involving Kelp DAO, a significant migration of funds is underway from the cross-chain protocol LayerZero to Chainlink's CCIP (Cross-Chain Interoperability Protocol). Over $30 billion in Total Value Locked (TVL) from protocols like Kelp DAO, Solv Protocol, Re, and Tydro has moved to Chainlink in the past week, driven by security concerns. LayerZero is facing a severe trust crisis after the attack. Initially denying responsibility, LayerZero Labs has now issued a public apology, acknowledging management oversights. These include a vulnerable "1/1" single-node configuration for its Decentralized Verification Network (DVN) and past misuse of a multi-signature wallet by a team member. The protocol's weekly bridge volume has slumped to near-historic lows of around $470 million. In contrast, Chainlink is experiencing a surge in adoption and activity. Its independent active addresses recently hit multi-month highs, and whales have been accumulating LINK tokens. Beyond DeFi, Chainlink is securing partnerships with traditional finance giants like DTCC, European stock exchange operator SIX Group, and asset manager Amundi. While LayerZero has announced security upgrades—such as migrating to stronger multi-signature configurations and developing a second DVN client—and contributed to a rescue fund, the event underscores that security is becoming a decisive competitive factor as DeFi matures.

marsbit2 days ago 09:40

$30 Billion DeFi Capital Exodus: LayerZero Stumbles, Chainlink Feasts

marsbit2 days ago 09:40

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Polymarket, a leading prediction market platform, is facing significant technical challenges as its growth outpaces its current infrastructure on Polygon. Users are experiencing laggy transactions, unresponsive orders, and delayed confirmations, severely impacting the trading experience. In response, DeFi Engineering VP Josh Stevens outlined a comprehensive engineering overhaul. The plan includes reducing on-chain data delays, fixing order cancellation issues, rebuilding the central limit order book (CLOB), improving website performance, and developing a unified SDK and API. A major revelation was the ongoing "chain migration," indicating a potential move away from Polygon. The core issue is that Polymarket has evolved from a simple prediction market into a high-frequency trading platform, making Polygon's limitations—such as block space, gas fees, and block time—a ceiling for further growth. The migration is not just a simple chain switch but a fundamental rebuild of its trading system to support more complex products like perpetual contracts (Perps). This announcement has sparked competition among chains like Solana, Sui, and Algorand, all vying to host Polymarket. For Polygon, losing this key application, which contributes significantly to its gas fee revenue, would be a major setback. The real test for Polymarket is no longer attracting users but proving it can provide a stable, reliable trading environment that retains them.

Odaily星球日报04/27 03:19

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Odaily星球日报04/27 03:19

MIT Researcher Proposes New Path To Make Bitcoin Quantum-Safe

MIT Digital Currency Initiative director Neha Narula proposes a practical, staged approach to make Bitcoin quantum-safe. She argues that Bitcoin should immediately implement low-risk defenses through a soft fork, rather than waiting for full consensus on more complex issues. Her recommended solution involves deploying a post-quantum output type like P2MR (BIP 360) along with a new quantum-resistant signature opcode. This would allow users to securely migrate their funds to quantum-resistant addresses, provided they avoid address exposure. While this doesn’t resolve all challenges—such as how to handle inactive or lost coins—Narula emphasizes that immediate action reduces risk and provides time to gather data before a cryptographically relevant quantum computer emerges. She dismisses alternative proposals as impractical for broad use and acknowledges tradeoffs, such as reduced privacy efficiency, but insists progress shouldn’t be delayed by unresolved governance debates.

bitcoinist04/21 16:51

MIT Researcher Proposes New Path To Make Bitcoin Quantum-Safe

bitcoinist04/21 16:51

Qubic Starts Dogecoin Mining Phase 2, Shifting Rewards Away From XMR

Qubic has entered phase 2 of its Dogecoin mining rollout, shifting miner rewards from Monero (XMR) to DOGE-based incentives. Starting with epoch 209, computors can operate in either XMR or DOGE mode, with only the higher-yielding contribution counted per index—effectively phasing out XMR if DOGE is more profitable. All block rewards are used for QUBIC buybacks, which are then distributed proportionally based on Dogecoin shares submitted. This transition, part of a three-phase plan announced in March, aims to fully migrate from XMR to DOGE, allowing parallel operation of DOGE mining (via Scrypt ASICs) and AI training (on CPUs/GPUs). Phase 2 introduces weekly reward windows, aligning with Qubic’s goal of scaling toward full-capacity dual-workstream operations.

bitcoinist04/16 21:14

Qubic Starts Dogecoin Mining Phase 2, Shifting Rewards Away From XMR

bitcoinist04/16 21:14

Polymarket rolls out new trading stack and stablecoin

Polymarket is upgrading its core exchange infrastructure and introducing a new platform-native stablecoin called Polymarket USD, backed 1:1 by USDC. The update includes a redesigned central limit order book (CLOB v2) with improved trade execution, simplified order structures, and better developer integration. Users will experience an automatic transition to the new stablecoin, though advanced traders must manually wrap existing USDC. This shift aims to enhance scalability and trading efficiency, coinciding with improved U.S. regulatory clarity for prediction markets under federal oversight.

ambcrypto04/06 16:48

Polymarket rolls out new trading stack and stablecoin

ambcrypto04/06 16:48

Bitcoin Bombshell: Google’s 2029 Quantum Warning Sparks New Fear

Google's updated quantum threat model, moving its post-quantum cryptography migration deadline to 2029, has significant implications for Bitcoin and cryptocurrencies. A new whitepaper from Google Quantum AI, alongside researchers including Justin Drake and Dan Boneh, suggests breaking the secp256k1 elliptic curve cryptography (used in Bitcoin) may require far fewer quantum resources than previously believed. The paper estimates Shor’s algorithm could break ECDSA keys in minutes using under 500,000 physical qubits. This has shifted the narrative, with experts now urging immediate transition plans. The paper highlights the risk of "on-spend" attacks against live transactions due to Bitcoin's 10-minute block time, while downplaying quantum risks to proof-of-work mining. Google chose to validate its findings via a zero-knowledge proof instead of full circuit disclosure, citing responsible disclosure concerns. The broader call is for vulnerable cryptocurrency communities to begin migrating to post-quantum cryptography without delay.

bitcoinist03/31 18:31

Bitcoin Bombshell: Google’s 2029 Quantum Warning Sparks New Fear

bitcoinist03/31 18:31

Google research flags quantum attack risk as Ethereum advances post-quantum roadmap

New research involving Google warns that quantum computers with approximately 1,200–1,450 logical qubits could break elliptic curve cryptography—including the secp256k1 standard used in Bitcoin and Ethereum—within minutes. The study highlights two primary risks: “on-spend” attacks, where a quantum system could derive a private key during the 9–12 minute transaction confirmation window, and “at-rest” attacks on dormant wallets with exposed public keys. In response, Ethereum has launched a multi-year post-quantum roadmap aimed at transitioning to quantum-resistant cryptographic system across its protocol layers. However, the shift introduces challenges such as larger signatures, higher computational demands, and the need for coordinated upgrades. User migration to new wallet standards and the vulnerability of older assets also remain significant hurdles. While quantum threats are not immediate, the research underscores the importance of proactive preparation to mitigate long-term risks. Industry leaders like Changpeng Zhao acknowledge that, although transition is feasible, decentralized coordination and potential forks could complicate the process.

ambcrypto03/31 15:05

Google research flags quantum attack risk as Ethereum advances post-quantum roadmap

ambcrypto03/31 15:05

Coinbase disables Ronin trading as Ethereum L2 migration enters execution phase

Coinbase has suspended trading for Ronin (RONIN) as the network enters the execution phase of its migration to an Ethereum Layer-2. Users must transfer their tokens to a compatible self-custodial wallet before the upgrade is finalized; otherwise, assets left on the platform will become inaccessible. The exchange will not support the migration on behalf of customers. The move is part of Ronin’s previously announced plan to transition from a gaming-focused sidechain to a full L2, aiming to improve scalability, security, and expand into DeFi and consumer apps. Despite the trading halt, RONIN’s price remained relatively unchanged, trading around $0.0839 with a market cap of ~$64.5M, indicating the market had likely priced in the migration.

ambcrypto03/30 20:05

Coinbase disables Ronin trading as Ethereum L2 migration enters execution phase

ambcrypto03/30 20:05

Qubic Unveils 3-Phase Rollout For Dogecoin Mining Attack

Qubic has announced a three-phase plan to transition its mining operations from Monero (XMR) to Dogecoin (DOGE), starting on April 1. The shift is designed to be deliberate and methodical rather than instantaneous. Phase 1 (beginning April 1) serves as a testing period where Monero mining remains active 50% of the time, while Dogecoin runs at 100% in "test mode." Computor revenue during this phase remains in XMR only. Phase 2 allows computors to choose between XMR and DOGE revenue, with XMR gradually phased out. Those opting for DOGE will no longer receive XMR. Phase 3 completes the transition, with revenue switching entirely to DOGE, XMR mining disabled, and both DOGE mining and AI training running at full capacity. Qubic claims its network is now three times faster after recent optimizations, which it says will help handle the increased load. The team cited Dogecoin’s significantly larger daily emission value—approximately $1.44 million compared to Monero’s—as the key economic incentive for the switch.

bitcoinist03/25 17:32

Qubic Unveils 3-Phase Rollout For Dogecoin Mining Attack

bitcoinist03/25 17:32

Ethereum outlines multi-year plan to transition to quantum-safe cryptography

The Ethereum Foundation has launched a dedicated hub to coordinate its post-quantum security efforts, initiating a multi-year plan to transition the Ethereum network to quantum-resistant cryptography. Although a cryptographically relevant quantum computer is not yet imminent, the Foundation emphasizes the need for early preparation due to the complexity of upgrading a global decentralized system. The transition will be a multi-layered process, impacting the execution, consensus, and data layers of the protocol. Efforts include enabling quantum-safe authentication for users, replacing validator signature systems, and securing data availability. A major challenge is balancing enhanced security with scalability, as post-quantum cryptographic schemes often require more computational resources and produce bigger signatures. Researchers are exploring aggregation techniques and zero-knowledge proofs to maintain efficiency. This initiative, built on over eight years of research, marks a shift from isolated studies to a structured, public roadmap. By starting early, Ethereum aims to ensure long-term resilience and avoid disruptive upgrades in the future, positioning the network to remain secure for decades to come.

ambcrypto03/24 22:02

Ethereum outlines multi-year plan to transition to quantum-safe cryptography

ambcrypto03/24 22:02

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