Google Quantum AI released a whitepaper warning that cracking 256-bit ECC, widely used in crypto wallets, requires fewer resources than expected. With under 500k physical qubits, it could be cracked in minutes. Google urged the industry to accelerate its migration to Post-Quantum Cryptography (PQC).
Dragonfly Managing Partner Haseeb noted this research improves ECDSA cracking efficiency by ~20x, pushing the expected PQC migration timeline forward to around 2029. He highlighted Google's high caution, as they verified the results using ZK proofs without revealing the actual quantum circuits.
“China has been understating its gold reserves by possibly a factor of 10. I believe this is the biggest story in world finance. The West is either asleep at the wheel or ignoring it,” says @DominicFrisby.
Watch the full breakdown on The Real Story 👇
🎥 https://t.co/hhr3R879C1
A technical glitch at Binance prevented traders from stepping in to buy Ethena’s USDe at a discount during the sell-off, causing its price to fall to 65 cents. Read the full analysis: https://t.co/GJsc1Aoslu
1/ If DeFi is the Future of TradFi, What Did Friday Teach Us? Friday’s crypto selloff was a stress test for market infrastructure. It didn’t pass. Here are the three big lessons the market needs to learn from the tuition it paid. 🧵
Some drama on the Senate floor. During stablecoin vote the top crypto-friendly Dem, Kirsten Gillibrand, and Elizabeth Warren, the chief foe, got in a heated argument on the Democratic side of the chamber.
A third of the Democrats siding with Gillibrand, two thirds with Warren.