This changes the WHOLE game. @ethereum will finally win.
USDC/USDT spread in Ethereum right now for 100k dollar trades is only 1.6 bps. @binance has 3.56 bps.
Part of the problem we had in crypto is to believe that the correct way to price an asset was by calculating the price on chain with a mathematical formula. Each agent of the market needs to be able to set their own price. Now thanks to PropAMMs we have this in Ethereum and this will make Ethereum the best place to trade. This will bring all the liquidity on chain.
This seems something small but it will have incredible consequences.
Can we give the Albanians some credit?
Thousands protested the Kushner-Trump resort project, arguing that the coastline should be protected rather than developed.
Regardless of politics, it’s a reminder that local communities don’t always want billionaires deciding the future of their land.
🚨 Google Quantum result was just rediscovered and IMPROVED!
On March 31, 2026, Google Quantum AI published a paper showing that 256-bit ECDLP, the hard problem behind ECDSA and therefore behind Bitcoin, Ethereum, TLS, and most of the world's authentication, can be solved with fewer than 1,200 logical qubits and ~90M Toffoli gates. Under 20 minutes on ~500,000 physical qubits.
BUT, they didn't publish the circuits. They published a zero-knowledge proof that the circuits hit those numbers. The standard read at the time: clever responsible disclosure, elegant.
Two months later, that read needs an update. Two things happened, in opposite directions.
1. The ZKP wasn't a stylistic choice. Google was stopped from publishing.
What was speculation in April is no longer. Google did not choose to keep the circuits private. The U.S. government prevented publication. The blog post phrased it politely ("we engaged with the U.S. government"). Call it what it is: diplomatic cover for a publication block.
This is the line Scott Aaronson warned about. At some point, the people estimating the resources needed to break deployed cryptosystems would stop publishing. We just watched it happen, and the actor enforcing the silence isn't Google's PR team. It's a government.
2. The ZKP turned out to be a reward function. AI used it.
Here's the part that's almost funny.
A ZK proof that "this hidden circuit achieves these resource counts" is, when you flip it, a public verifier of any candidate circuit. Submit a circuit, get back: does it compute ECC point addition correctly, and at what cost. Pass/fail plus a number. That is exactly the shape of a reinforcement-learning reward function.
The ZKP was designed to hide the attack. What it actually published is the reward function for rediscovering it.
The research community wired the verifier into an automated AI-driven search loop. They reproduced Google's numbers. Then they improved them by 11.5%. Two months, from outside Google, no access to the circuits, using the very artifact Google released to keep them proprietary.
Both of these are true at once. Hiding the circuits worked: nobody outside Google has Google's exact circuits. And hiding the circuits did not slow the frontier; it changed who is doing the search, and arguably accelerated it, because the verifier industrialized the search loop.
Let's NOT PANIC!
Neither of these is a working CRQC. There is still no quantum computer that can run this circuit. The headline state of the world has not changed.
What has changed is the honesty of every public PQC timeline. Cryptography exists to create mathematical trust in the security of systems. Trust isn't broken when an attack runs. It is eroded when the foundation looks thinner than the public record suggests, and the public record is now demonstrably thinner than reality in two ways: by classification on one end, by AI-driven re-derivation on the other.
In security, the moment you start doubting the foundation is the moment you start rebuilding it. Not the moment you panic. The moment you plan.
This isn't a moment to rush. It's a moment to commit to a migration plan and execute against it, knowing the threat model is shaped by what governments are willing to classify, not by what researchers are allowed to publish.
Stay safe. Stay honest about your trust assumptions.
Today a crazy quantum story just got wilder.
On March 31, the Google Quantum AI team published a landmark result on Shor's algorithm for elliptic curve cryptography. Technically, the paper was a bombshell: a dramatic 10x improvement over the state-of-the-art. As a stunt and wakeup call to the blockchain space, those optimisations were illustrated on secp256k1, the elliptic curve underlying Bitcoin and Ethereum signatures.
But perhaps the most striking part of the paper was sociological, not technical. Instead of following standard academic process, the optimisations were kept secret, hidden behind a zero-knowledge (ZK) proof. Google's accompanying blog post mentions they "engaged with the U.S. government". The ZK proof demonstrates the existence of algorithmic improvements without leaking details. Academic censorship with ZK, a historic first!
As a co-author of the Google paper I witnessed some of the context surrounding this censorship. To be honest, multiple aspects of that context don't sit well with me. As much as I believe the general public ought to know more, I am limited in my ability to whistleblow. Though let me be clear about one thing: the Google team's professionalism has been absolutely exemplary, and they deserve nothing but praise.
Censorship has a way of backfiring. The Streisand effect, where an attempt to bury something only draws more attention to it, is exactly what's unfolding today. First, Google's key optimisation has been rediscovered by the French. And in a thrilling turn of events, a collaborative Shor-at-home challenge just launched. The initiative, available at ecdsa[.]fail, breached a new Shor world record in a matter of hours.
Let's start with the rediscovery. Just two months after Google's paper, French quantum expert André Schrottenloher cracks the main secret optimisation. His paper, titled "Optimized Point Addition Circuits for Elliptic Curve Discrete Logarithms", landed on the arXiv today. Big congrats to André, who beat several other nerdsnipped experts to it. In a blog post also published today, Craig Gidney, the world expert on Shor optimisations, revealed that he'd been sitting on this very optimisation for a whole year under censorship pressure.
Interestingly, André missed a handful of minor optimisations, both from Google's original publication and from improvements found since. It's plausible there's still plenty of juice left to squeeze out of Shor, and this is exactly what the ecdsa[.]fail challenge is about. The verifier program developed for the ZK proof does double duty, automatically filtering for valid submissions. Dozens of compounding small and micro improvements are rolling in. As of the time of writing there's an 8.4% improvement to Google's circuit, as measured by the product of logical qubit count and Toffoli gate count. Nice!
The nerdsnipping ran deeper than anyone expected. Over the last few weeks it became clear it extended well beyond André and other quantum experts. Behind the scenes, a small army of amateurs quietly got to work. Inspired by Karpathy-style autoresearch, they turned AI on Shor. Ironically, the verifier program for the ZK proof makes an ideal reward function for AIs. The barrier to entry for this modern style of research is refreshingly low, with several non-experts, even a teenager, finding nice optimisations. Get in touch if you'd like to join a Telegram group with fellow autoresearchers :)
Part 2: neutral atoms and qday
The story doesn't end with Google. On the same day Google went public, a stealthy startup called Oratomic published its own Shor paper in a coordinated release. It made a splash, ultimately becoming the most upvoted paper on scirate[.]com, a website ranking arXiv papers.
Oratomic's claim was wild. By building on Google's logical optimisations and applying custom physical optimisations for neutral atoms, they claimed just 10K physical qubits were sufficient to run Shor's algorithm on secp256k1. That number is mind-bogglingly low.
Knowing essentially nothing about neutral atoms when Oratomic's paper landed, I was intrigued and decided to learn more about the tech. I fell straight down the rabbit hole and spent a couple hundred hours on the topic. I got a little obsessed and watched every YouTube video I could find and spoke to a bunch of experts.
My conclusion? The tech is real, very real. Even Google recently decided to start a neutral atom lab, a notable pivot from their sole focus on superconducting qubits. If you care about qday, i.e. the day a quantum computer will break the first piece of cryptography in production, neutral atoms demand your attention. I shared some of my learnings on Shor and neutral atoms in a 30min talk at the ZKProof cryptography conference. You can find it on YouTube by searching "zkproof neutral atom".
Here's an interesting observation about this duo of breakthrough papers: neither Google nor Oratomic say a word about what their results mean for qday. No timelines. Zero. Nada. That is especially baffling given that the whole point of whitehat quantum cryptanalysis is to inform qday estimations and help the general public make good decisions.
So let me attempt to partially fill the silence, similarly to what Scott Aaronson did in his April 29 post. Given everything I know, including scary non-public information, I now put the odds of qday by 2032 at 50%. 10% by 2030.
Anecdotally, the US government has its own date: 2035. Originating at the NSA and later adopted by NIST, it's when branches of the US government will be disallowed from using quantum-vulnerable cryptography. In plain language: with hindsight, that date is a joke and should be discounted entirely. I don't see how NIST avoids being forced to pull it forward by years.
Part 3: post-quantum cryptography
There are good reasons to sound the alarm today, but please do not panic. Rushing carelessly towards immature post-quantum cryptography is a recipe for disaster. IMO a good target date for migration is 2029, roughly 3.5 years out. 2029 happens to be the date selected by Google, Cloudflare, and the Ethereum Foundation.
These days most of my time goes to safely migrating Ethereum towards post-quantum cryptography as part of the broader lean Ethereum effort. There's a lot to do. We need to rip out and replace BLS signatures at the consensus layer, KZG commitments at the data layer, and ECDSA signatures at the execution layer.
The plan to get there is compelling, and is based on hash-based cryptography. Within the Ethereum Foundation we've developed a Swiss army knife called leanVM (github[.]com/leanEthereum/leanVM) powered by the magic of hash-based SNARKs. Thanks to truly exceptional work by Emile, Thomas, and others, its performance is derisked. Regarding security, leanVM is a jewel, a minimal zkVM crafted for end-to-end formal verification and maximum security.
Want to help? There are two $1M initiatives. First, the Proximity Prize (proximityprize[.]org). Solve a long-standing mathematical conjecture in coding theory, improve hash-based SNARKs, and go home a millionaire. Second, the Poseidon Initiative (poseidon-initiative[.]info), offers $1M for breaking Poseidon, the SNARK-friendly hash function.
🌍 Big news from AllUnity! We are now officially a member of Blockchain Sweden.
We are thrilled to announce our official membership in the Blockchain Sweden Association, a premier network driving blockchain innovation and responsible regulation across the Nordic region.
Here is what this means for the future of digital finance:
🧩Why This Matters
Driving Innovation:
We are joining forces with top industry leaders, policymakers, and financial institutions.
Expanding Our Reach:
This moves us closer to shaping the next wave of regulated digital finance in Sweden and beyond.
Meeting Institutional Demand:
As a fully regulated, MiCAR-compliant stablecoin issuer, we are bringing secure, scalable stablecoin infrastructure to the Nordics.
💬 Insights From Leadership
Alexander Höptner, CEO at AllUnity, said:
“Becoming a member of Blockchain Sweden represents an important step in our mission to build secure, compliant, and scalable stablecoin infrastructure. We look forward to contributing our expertise and working alongside industry peers to unlock the full potential of blockchain technology in Nordics.”
Johan Toll, Chair of Blockchain Sweden, added:
“We are excited to welcome AllUnity to the Blockchain Sweden Association. Their expertise in regulated stablecoin infrastructure adds significant value to our growing network of companies driving innovation across digital finance.’’
🙌 A huge thank you to Blockchain Sweden for the warm welcome.
🔗 Read the full announcement here: https://t.co/uNXLBJHz8R
#AllUnity #SEKAU #SwedishKronaStablecoin #FutureOfFinance #EURAU #CHFAU #EuroStablecoin #Stablecoin
Albanian Prime Minister Edi Rama defended plans for a €4 billion ($4.7 billion) luxury resort promoted by Jared Kushner after protests erupted over preliminary work in a protected area on the Adriatic coast https://t.co/0EHGeb2MLF
🇦🇱 ALBANIA MARCHES AGAINST KUSHNER-TRUMP RESORT
Thousands of Albanians took to the streets in a peaceful demonstration opposing the $1.4 billion luxury resort development linked to Ivanka Trump and Jared Kushner on the country's southern coast.
Kushner and Ivanka Trump's "Zvërnec South Adriatic Development" company is building luxury resorts on Sazan Island and the Zvernec peninsula. The development includes approximately 1,000 beach villas, hotel rooms, and a new international airport.
The site sits within the protected Pishë Poro-Narta wetlandm, one of Albania's most ecologically sensitive areas. 41 environmental organizations from 28 countries have called for immediate suspension of the project. Local residents, environmental groups, and the Greek minority in the area all oppose it.
Albanian Prime Minister Edi Rama's government fast-tracked the deal. Parliament changed environmental law weeks before construction began, specifically permitting five-star hotels in protected zones, a law tailored for this project. The permit was issued April 29, 2026, without public release.
Rama granted "strategic investor" status to Kushner's Atlantic Incubation Partners LLC in late 2024, just weeks before Trump's inauguration, without a full business plan or feasibility study. Critics say the decision was politically motivated and aimed at securing goodwill from the incoming Trump administration.
Albanians are telling their government this is not for sale.
🌍 We are thrilled to unveil improvements to our Business Mint Account and reveal our global stablecoin roadmap, making digital money seamless, secure, and entirely code-free for European businesses. Start minting, no API integration needed.
Here is what you need to know:
🧩 Seamless Access
Our enhanced Business Mint Account removes technical friction, enabling businesses to easily mint and redeem stablecoins for treasury, cross-border, and agentic payments.
🧩 Global Expansion
Following the summer break, AllUnity plans to expand into major international currencies later this year, building an always-on, globally interoperable framework.
💬 Leadership Insights
Peter Großkopf, CTO & COO at AllUnity:
“Businesses increasingly recognize the value of stablecoins as infrastructure for modern financial operations. Our enhanced Business Mint Account removes technical barriers, simplifies access to regulated stablecoins and enables companies to integrate digital currency workflows into everyday treasury, settlement, and payment operations.”
Alexander Höptner, CEO at AllUnity:
“The future of finance will be multi-currency, programmable, and globally interoperable. Our vision is to build a multi-currency, always-on digital money framework that combines regulatory standards with the efficiency of blockchain technology. By introducing stablecoins across multiple currencies, we aim to provide businesses and users with a more efficient and globally connected financial experience.”
🔗 Read the full announcement here: https://t.co/lNPICJp5eB
💼 To request onboarding, visit our website or contact us at [email protected].
For marketing purposes only. No regulatory review or approval. EMTs redeemable at par anytime. Full White Paper: https://t.co/u6ObSgJgB9
#AllUnity #SEKAU #SwedishKronaStablecoin #FutureOfFinance #EURAU #CHFAU #EuroStablecoin #Stablecoin
🛥️ AllUnity comes to Sweden 🇸🇪
As Sweden prepares for Midsummer, the future of digital finance is taking to the seas.
We are gathering an exclusive group of industry leaders aboard the Stockholm Charter to mark a major milestone: the upcoming launch of the Swedish Krona stablecoin #SEKAU.
This invitation-only evening is designed for
🤝 Networking
💡 Strategic insights
🥂 Celebrating the next chapter of the Swedish digital asset ecosystem
To maintain an intimate environment for discussion, we have just 100 spots available.
Apply for your spot here: https://t.co/rkcjwUtLxS
#AllUnity #SEKAU #SwedishKrona #FutureOfFinance #Stablecoin #Sweden
🤖 We make agents pay you. In EUR.
When AI agents read your content & data, they should pay for it too. We make this vision possible. Regulated. Instant. In EUR.
🔗 Learn more about AllUnity Agentic Payments here: https://t.co/eNow5C3R4j
🚀 Try Agentic Payments hands on: https://t.co/MmclAjV6ym
#AllUnity #AgenticPayments #AgentEconomy #FutureOfFinance #Stablecoin
We went from BBS and IRC to more fancy tech and now back to text based for LLM agents to actually use that information. Reading llm friendly docs makes me nostalgic, slightly feels like reading Phrack
📢🇸🇪 @AllUnityStable announces intent to launch the first Swedish krona-backed stablecoin and launches Agentic Payments for AI-Driven Commerce
Built for global payments, 24/7 settlement, and programmable finance, #SEKAU will be:
🇸🇪 Fully backed by Swedish krona reserves
🏛️ Issued as a regulated e-money token under MiCAR
📆 Planned for launch in June 2026
💭 “Sweden has long been a global leader in the transition toward a cashless economy, but that transition also requires a new form of digital money that is interoperable and globally accessible. SEKAU is a response to that demand and represents a natural evolution of the Swedish krona for today’s digital economy, supporting instant settlement, programmable money, and cross-border payments.”, said Alexander Hoeptner (@AlexHoeptner), CEO of @AllUnityStable.
AllUnity isn't stopping there.
🤖 Today we also unveil Agentic Payments, a revolutionary capability powered by the x402 open standard. As AI agents begin to browse, decide, and transact on behalf of users, the traditional Web 2.0 "click economy" will shift. AllUnity is providing the regulated gateway European businesses need to seamlessly accept, settle, and monetize AI-native payments.
💭 “The agentic web will dismantle the "click economy" as we know it. When AI agents browse, decide, and transact on behalf of users, the ad-funded and subscription based business models of Web 2.0 simply stop working. Europe needs regulated, trusted rails built for this new reality. AllUnity is the gateway for Businesses in Europe enabling them to accept, settle, and operationalize agentic payments at scale, such as developing new revenue streams.’’, said Peter Grosskopf (@peterlih), CTO & COO at @AllUnityStable.
🌐 Alongside these launches, AllUnity unveils a new website and refreshed brand identity to support its global vision and growth.
🧩 New brand 🧩 New website 🧩 Next chapter for AllUnity.
Read the full press release and join the waitlist today: https://t.co/buOmKq8WIv
Get in touch: [email protected]
#AllUnity #SEKAU #SwedishKrona #MiCAR #FutureOfFinance #Stablecoin
For marketing purposes only. No regulatory review or approval. EMTs redeemable at par anytime. Full White Paper: https://t.co/u6ObSgJOqH
🚀 @AllUnityStable x @100WomenFinance x @nxtassets
We are thrilled to announce that Allunity is co-hosting the upcoming 100 Women in Finance event! As digital assets transition to a mainstream institutional consideration, we are diving deep into the questions that matter most to today’s investors.
🎙️ The Panel: "Digital Assets in Portfolios: Hype, Hedge, or Core Allocation?"
Syuzanna Avanesyan, Director of Marketing & Communications at Allunity, will be taking the stage to explore how digital assets are transforming global markets and why stablecoins are at the center of the revolution. She’ll be joined by an incredible lineup of industry experts to discuss the practical implications for institutional portfolios.
🎤 On Stage:
Patricia Albrecht, @solana
Vera Claas, Nxt Assets
Petra B. Mennong
Martin Leinweber as Moderator
🤝 We look forward to an evening of insightful discussion and high-level networking.
#AllUnity #EURAU #FutureOfFinance #EuroStablecoin #ElectronicEuro #Stablecoin
Back in the early 90s, before the Internet, we had "Defrag and Chill". You'd start Disk Defragmenter on your 540MB hard drive, dim the lights, crack open a Surge, and just vibe while the little blue bars crawled across the screen like they were solving world peace. Forty-five minutes of pure, unfiltered anticipation. No notifications. No algorithms. Just the two of you, the gentle grinding of the hard drive, and the sacred promise that your Solitaire games were about to feel 3% snappier.
This is MS_DOS 6.22, which I worked on, but I honestly have no idea who wrote defrag. Iconic utility though!
Oh dear it appears Thorchain was running tss-lib that was like 3 years and 2+ major security releases behind lmaooooooooooollllll fucking fools
https://t.co/VhyYOEHN4o