Michael Saylor minimizes the quantum threat of Bitcoin

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Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.

Blackrock calls quantum computers, with their ability to surpass conventional binary computers and break traditional encryption, a threat to crypto.

Thus, BTC would evaluate this, because the threat that computers can soon break the encryption which allows the rarity of bitcoin is existential.

But on a recent appearance of CNBC, Michael Saylor of a stratumly stratum has minimized the threat of quantum towards BTC, arguing that the Bitcoin protocol would implement software upgrading – like any other technological enterprise – when the threat would become imminent.

“It is mainly marketing of people who want to sell you the next Yo-Yo Quantum token,” said Saylor on CNBC. “Google and Microsoft will not sell you a computer that cracks modern cryptography because it would destroy Google and Microsoft – and the US government and the banking system.”

Already, there are a number of proposals on how to secure proof of work against quantum threat, including BTQ, cryptography material with quantum startup construction test. A Bitcoin developer proposed a Bitcoin improvement protocol project which offers a hard fork that would move everyone’s wallets to quantum-security addresses.

“Bitcoin is a protocol; the software is upgraded each year,” concluded Saylor, arguing that the more important security threat for Bitcoin is phishing.

However, Saylor’s point of view is not universal. A recent Presto Research report argued that the cryptographic industry is “not prepared” for the upcoming quantum threat.

With BTC above $ 100,000 and the market preparing to challenge another summit of all time, the traders simply do not seem to be worried.

As CRCL has a successful IPO, the real size of the Stablecoins market remains a mystery.

Circle recently had a successful initial public offer and is expected to open the American trading week on Monday at more than $ 107 – an impressive rally on its $ 69 opening price.

The number of stable stables in circulation – market capitalization in the asset category – is a well -known fact. The program can be seen on the chain after all, and this number reaches $ 254 billion, according to Coigecko data.

But discovering the volume of stablescoins used in payments is a little more delicate.

In a recent thread on X, Nic Carter, partner of Castle Island Ventures and the co -founder of Blockchain Data Aggregator Coinmetrics, analyzed through the available data and found that there is a huge difference in the figures.

The estimate of the real part of stablecoin transactions driven by payments rather than trading is complicated due to challenges such as MEV BOT interference, chain double transactions and spam activity designed only to inflate the measurements.

Recent analyzes illustrate this uncertainty clearly. A descending heuristics of visa and allium estimates the stablecoin transaction volumes at around 9 billions of dollars per year in May 2025. However, this figure largely includes trading, DEFI activity and regulations – not pure payments.

On the other hand, more detailed ascending analyzes provide narrower but clearer information. Fireblocks, a major childcare provider, said annual payments of verified stabing of around $ 232 billion, compared to 2.12 billions of much larger dollars in negotiation volumes between its customers, which suggests that authentic payment transactions represent approximately 10% of their total stablecoin activity.

Similarly, a joint targeted study of Artemis and Libellule sampled 20 payment providers focused on stablescointes directly.

It calculated a conservative annualized payment volume of approximately $ 72.3 billion, recognizing this as a probable sub-competition given a limited sampling.

Compared to this figure of $ 72.3 billion at the high -end, writes Carter, is $ 232 billion, highlighting the substantial uncertainty about how stablecoins are widely used as payment mechanism.

As for Circle, the Stablecoin transmitter does not provide a figure in its Introduction file on the stock market on the amount of the USDC used for payments, pointing only the general transaction volume.

News report

Coinbase, Bit Global Settle Settle Endropy Bitcoin (WBTC) looming the pursuit

Bit Global and Coinbase have set their legal dispute on the radiation of coquer of wrapped bitcoin (WBTC), previously reported Coindesk. According to a joint judicial file, Bit Global has agreed to reject its prosecution with prejudice – which means that the case cannot be raised – and each company will cover its own legal costs.

Bit Global initially continued Coinbase last year, affirming the delimitation of the liquidity and reputation of WBTC unjustly damaged, while promoting the competitor token of Coinbase, CBBTC. Coinbase cited the concerns about the participation of Crypto billionaire The Justin Sun billionaire with WBTC, calling it “unacceptable risk”, although specific conditions of settlement beyond the dismissal were not disclosed.

Winklevoss Twins’ Crypto exchange gemini files are confidential with dry for the IPO

Gemini, the cryptocurrency exchange and custody platform founded by the billionaires Cameron and Tyler Winklevoss, has confidentially deposited documents with the Securities and Exchange Commission (SEC) of the United States to become public, reported Coindesk previously. Introduction details on the stock market, including size and evaluation, remain unclear, but Gemini has already hired Goldman Sachs and Citigroup as financial advisers, positioning itself in good place among crypto-native companies entering the traditional markets.

This file follows the successful IPO of Stablecoin Issueur Circle, whose shares have radically leaps after having made its debut on the New York Stock Exchange. Gemini’s planned IPO is an important step for cryptographic companies that seek broader acceptance in consumer finance, although the time for supply will depend on the SEC exam and conditions.

Market movements:

  • BTC: Bitcoin is negotiated flat at $ 105,600.30 after recovering from an intra -day drop, as the recent increase in minors in exchange signals the potential future volatility.
  • ETH: Ethereum held hard above the critical support of $ 2,500 in the midst of volatility, closing of almost $ 2,534, while the BlackRock ETH approaches $ 5 billion on supported institutional entries.
  • Gold: Gold exchanges are slightly down to $ 3,314.92, but are heading for weekly gains, supported by weak American job data despite American-chinese tensions.
  • Nikkei 225: The Nikkei 225 of Japan opens at 37,741.61 (+ 0.50%), extending recent gains after winning sessions in two of the last three days of negotiations

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