Quick Summary: New Caltech research suggests a fault-tolerant quantum computer could crack Bitcoin’s encryption using as few as 10,000 qubits. New research from the California Institute of Technology suggests that quantum computers capable of breaking modern cryptography may require significantly fewer qubits than previously thought. The study, published Monday, was conducted in collaboration with Oratomic, a Pasadena-based quantum computing startup founded by Caltech researchers. The work centers on a neutral-atom system in which individual atoms are trapped and manipulated using lasers to function as qubits. This approach could allow a fault-tolerant quantum computer to execute Shor’s algorithm with as few…
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Quick Summary: New Hampshire’s Business Finance Authority plans to issue what may be the first rated bitcoin-backed bond, provisionally graded Ba2 by Moody’s. The New Hampshire Business Finance Authority is preparing to issue what appears to be the first rated bond backed by bitcoin, marking a notable convergence of cryptocurrency and public finance. The bond has received a provisional grade of Ba2 from Moody’s, one of the major credit rating agencies. The development signals growing institutional interest in crypto-backed debt instruments at the municipal level.The securities are backed by bitcoin held in custody by BitGo, a digital asset custody firm.…
Quick Summary: President Trump says the US could wrap up its military campaign against Iran within two to three weeks, citing the elimination of Iran’s nuclear threat. President Donald Trump has indicated that the United States may be close to concluding its military campaign against Iran, suggesting the conflict could end within a matter of weeks. Speaking to reporters at the White House on Tuesday, Trump said there was no longer a reason to continue the operation. His comments come as the conflict has drawn significant international attention over its impact on a critical global waterway.Trump stated that the US…
Quick Summary: Magic Eden’s crypto wallet enters export-only mode on April 1, with a full shutdown on May 1, leaving users at risk of losing access to their funds. Magic Eden, the NFT marketplace that has since expanded into crypto casino and sportsbook operations, is winding down its multi-chain crypto wallet. The platform announced that wallet support and app store listings would end on April 1, with a full shutdown following on May 1. A last-minute reminder posted to the company’s community Discord server has prompted urgent questions from users scrambling to migrate their assets ahead of the deadline. The…
Quick Summary: Stablecoin startup P2P.me admits it wagered on its own fundraising round on Polymarket, earning under $15,000 but damaging trust with backers and investors. P2P.me, a non-custodial stablecoin-to-cash conversion service backed by Coinbase Ventures and Multicoin Capital, has issued a public apology after it emerged the company placed bets on its own fundraising round through the prediction market platform Polymarket. The firm acknowledged the move on X on Saturday, calling it an inappropriate attempt to demonstrate public conviction in its own prospects. Despite netting less than $15,000 in profits, the company recognized that even a modest financial gain could…
Quick Summary: S&P Dow Jones Indices has tokenized its iBoxx US Treasuries Index on the Canton Network, making the benchmark accessible directly within blockchain systems. S&P Dow Jones Indices has tokenized its iBoxx US Treasuries Index on the Canton Network, marking a notable step toward onchain data infrastructure within traditional finance. The move was announced on Tuesday and was carried out in partnership with Kaiko, a digital asset market data and infrastructure provider. Kaiko supplies the technology that enables the index to be issued and accessed on the blockchain, while S&P Dow Jones Indices retains control over who may access…
Quick Summary: Texas Lt. Governor Dan Patrick has directed Senate committees to study prediction markets, crypto, and blockchain ahead of the state’s 2027 legislative session. Texas Lieutenant Governor Dan Patrick, who also serves as President of the Texas Senate, has outlined a set of interim legislative priorities that include the study of prediction markets, cryptocurrency, and blockchain technology. The charges were announced on a Friday and are intended to guide Senate committees in their preparations for the next legislative session. Patrick stated the priorities were designed to advance the goals of Texas’s conservative majority.A central concern in the announcement is…
Quick Summary: Bitcoin has trailed U.S. equities for nearly six months, its longest recorded stretch of underperformance versus the S&P 500. Bitcoin has underperformed U.S. equities for nearly six months, marking the longest recorded stretch of lagging returns relative to the S&P 500. The cryptocurrency did post gains following the outbreak of the Iran war, but that rally was not enough to offset the broader period of weakness. The extended underperformance has drawn attention from market analysts tracking the asset’s relative strength.Analyst Mark Connors suggests that the prolonged lag, combined with earlier deleveraging in the market, could be laying the…
Quick Summary: Mercado Libre is discontinuing its ERC-20 loyalty token Mercado Coin on April 17, pivoting instead to its dollar-pegged stablecoin MeliDolar. Mercado Libre, the e-commerce company that operates at a larger scale than Amazon across Latin America, is shutting down its cryptocurrency loyalty token Mercado Coin. The company announced through its Mercado Pago wallet that the token will cease functioning on April 17. No explanation was provided in the customer notice, and the company did not respond to requests for comment on the decision.Users currently holding the token have three available options before the deadline. They can sell it…
Quick Summary: California Governor Gavin Newsom signs an executive order requiring AI companies to meet privacy and civil rights standards to win state contracts. California Governor Gavin Newsom has signed an executive order requiring artificial intelligence companies to meet stricter safeguards as a condition of securing state contracts. Under the order, firms selling AI systems to California agencies must demonstrate policies that prevent misuse and protect privacy, security, and civil rights. The move places California in direct tension with the Trump administration’s push to establish uniform national AI standards and curtail state-level regulation.The order directs the state’s Government Operations Agency…
