The crypto financial services firm is funding developers to strengthen the blockchain's security before quantum computers become powerful enough to steal billions in crypto.
- Galaxy Digital set up a $5 million Bitcoin Quantum Readiness Initiative to fund developers working on defenses against future quantum-computing threats.
- The program will support work on quantum-resistant signature schemes, wallet migration tools and security audits, and seeks additional backing from other firms to speed adoption of new cryptographic standards.
- Although experts say quantum computers cannot yet break Bitcoin, researchers warn that preparing upgrades could take years, with as much as 6.9 million bitcoin — worth about $461 billion at current prices — potentially at risk if the technology advances.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
India orders takedown of Jack Dorsey’s bitcoin-linked messaging app Bitchat
Live updates: Bitcoin gives up gains, falls below $64,000 as stocks retreat
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U.S. regulator warns prediction markets against cutting corners in event contracts
Europe's high regulatory bar could spark new crypto industry M&A wave
Shiba Inu surges 36% as South Korean traders fuel mystery rally
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