What does factored mean?
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About 600 bits I think. I'm surprised this one wasn't done sooner. It's about 863 bits per below (260 / log10(2)). I made a miscalculation earlier. Ok this is impressive.
Ok cool... But what about the other factor?
(jk)
Can someone explain what this means concretely, does that mean you can decrypt stuff that uses? And if yes is there anything in the real world that actually uses it?
Actually, on second thought, there may be a small significance. If encrypted messages are intercepted by interested parties, they are probably archived for later. If anyone used that kind of encryption (like 30 years ago, I guess) then they should assume their stuff has been read if it seems worth an effort. Maybe it also serves as a warning for the future about current encryption.
No practical significance. The pros make sure that encryption stays ahead of the possible.
Eric Lu has published a write-up of how he did it: https://cognition.com/blog/factoring-rsa-260
In total, I estimate that this factorization cost about 4,900 GPU-days, or 13.5 GPU-years, which is about $400k at current market prices.
They are certainly not reading everyone's mail from back in the day.

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