Category: Bitcoin News

What if Quantum Computers Cracked Bitcoin Today?

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If a quantum computer capable of breaking modern encryption were to come online today, Bitcoin would likely be under attack — and no one would know. “Everything would look like legitimate access,” David Carvalho, CEO of post-quantum infrastructure company Naoris Protocol, told Cointelegraph. “When you think you’re seeing a quantum computer out there, it’s already been in control for months.” “You wouldn’t even know,” he said. Researchers at IBM, Google and government-backed laboratories are racing to close that gap, but the clock is ticking. The US National Institute of Standards…

Robinhood Expands Tokenization to Nearly 500 US Stocks, ETFs on Arbitrum

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Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days and bringing the total number of tokenized assets close to 500. According to data from Dune Analytics, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. Cumulative mint volume has surpassed $19.3 million, offset by around $11.5 million in burning activity, signaling a growing but actively traded market. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, with smaller…

Ripple Leads $1B Fundraise for XRP Hoard But Risk of $2 Test Remains

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Key takeaways: XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans. A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound. Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move could make it the world’s largest corporate holder of this top-five cryptocurrency. However, XRP bulls largely ignored the news on Friday, with the price falling 8.75% after the Oct. 17 announcement, while continuing its prevailing…

Bitcoin Treasury NAV Collapse Creates Investor Opportunity

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Net Asset Values (NAVs) in digital asset treasuries (DATs) have collapsed, but this is not as bad as it sounds and can be viewed as an opportunity for savvy investors, according to 10x Research. “The age of financial magic is ending for Bitcoin treasury companies,” stated 10x Research analysts in a report shared with Cointelegraph on Friday.  “They conjured billions in paper wealth by issuing shares far above their real Bitcoin value — until the illusion vanished,” they continued. In this “magic trick,” DATs essentially transferred wealth from retail investors…

Huobi Founder Raises $1B to Buy Ether: Report

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Li Lin, the founder of cryptocurrency exchange Huobi and chair of investment company Avenir Capital, has reportedly raised about $1 billion as part of a strategy to invest in Ether. According to a Bloomberg report on Friday, Li has partnered with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng to launch an Ether accumulation strategy through a Nasdaq-listed shell company. The project raised $1 billion, which included $500 million from HongShan Capital Group and $200 million from Avenir. With the support of the Ether…

ETH Sell-off Fails To Shake Ether Options Traders

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Key takeaways: ETH futures premium shows traders are staying cautious and avoiding heavy leverage even as banking stocks rebound from recent credit concerns. Ether whale activity near $3,700 suggests limited bearish conviction, though confidence in a swift recovery toward $4,500 remains subdued. Ether (ETH) dropped 9.5% on Friday, retesting the $3,700 level and triggering $232 million in leveraged long liquidations within 48 hours. The unexpected correction came amid a broader risk-off move fueled by credit concerns after two US regional banks announced write-offs on bad loans. Ether derivatives data shows…

Bitcoin Dips Below $105K But US Banking Stress Eases

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Key takeaways: Bitcoin price stabilized after US regional banks posted stronger-than-expected earnings, easing credit fears. One analyst predicted Bitcoin’s bull run could end in 10 days. Bitcoin (BTC) fell more than 5% to trade below $105,000 on Friday, extending a two-day decline as renewed US banking stress rattled risk markets and revived concerns over broader financial stability. On Friday, US banking stocks showed signs of resilience, and global market sentiment steadied pre-market.  Bitcoin one-day chart. Source: Cointelegraph/TradingView However, BTC continued to struggle near $105,000, not benefiting from improved risk appetite…

Ondo Urges SEC to Delay Nasdaq’s Tokenized Stock Plan

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Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement.…

Babylon Enables Native Bitcoin Collateral in DeFi: Finance Redefined

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Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford University professor David Tse said on Wednesday that the company built a proof-of-concept that allows native Bitcoin to be used “trustlessly” as collateral for loans on Ethereum.  The comments follow a white paper release from the company, revealing a Bitcoin trustless vault system that leverages Bitcoin smart contract verification BitVM3 to lock BTC in per-user vaults. Here, withdrawals are gated…