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Odaily Planet Daily reports: Federal Reserve Chairman nominee Warsh: The balance sheet needs to be reduced gradually and cautiously. (Jinshi)

According to sources, it remains unclear when US Vice President Vance will leave Washington for Pakistan. The White House plans to hold further meetings on Tuesday to discuss follow-up matters, in which Vance will also participate. A White House official revealed, "The White House is holding more policy meetings, and the Vice President will attend these meetings." Vance was originally scheduled to depart for Islamabad on Tuesday morning. However, a key question remains unresolved: whether the Iranian delegation will accompany him. As of late Tuesday morning local time, Iran had not yet decided to send officials to Pakistan for the second round of talks. (Jin Shi)

According to Gate.com data, WTI crude oil and Brent crude oil prices continued to rise, with WTI crude oil reaching $92 per barrel, up nearly 4% on the day. Brent crude oil rose 3.65% to $93.68 per barrel.

A 50-page report commissioned by Coinbase, as reported by Odaily, indicates that while current quantum computers are insufficient to break the encryption technologies of networks like Bitcoin and Ethereum, fault-tolerant large-scale quantum computers will eventually be built, and the crypto industry must begin preparing now. The report, authored by an independent advisory committee including cryptographers and academics such as Dan Boneh of Stanford University, Justin Drake of the Ethereum Foundation, and Sreeram Kannan of Eigen Labs, states that the estimated timeframe for quantum computers to break current encryption standards ranges from several years to over a decade. The National Institute of Standards and Technology (NIST) recommends migrating to quantum-resistant cryptography by 2035, a timeline the report considers potentially optimistic. Quantum-resistant cryptography already exists and is being standardized, but post-quantum digital signatures can be tens to hundreds of times larger than existing signatures, potentially increasing block size by 38 times and posing challenges such as wallet migration. The Ethereum Foundation has proposed quantum-resistant digital signature schemes, and companies like Solana are experimenting with quantum-resistant wallet designs. The report recommends adopting flexible transition strategies such as hybrid systems to avoid sacrificing current security while preparing for future upgrades.