Altcoin blockchains are preparing for long-term quantum risk, while influential Bitcoin voices disagree over how and when it should be addressed. Quantum computers still cannot break Bitcoin, but several major blockchains are preparing for a future in which they might. In the past week, Aptos proposed post-quantum signature support as Solana tested quantum-resistant transactions. Meanwhile, parts of the Bitcoin community renewed calls to accelerate work on quantum-safe upgrades. These developments point to a growing anxiety across crypto. Investors argue that dismissal of quantum risk by influential voices is weighing on Bitcoin’s (BTC) price, which has dropped 24% over the past three months. Read more
Bubblemaps says 23 wallets tied to the Ava deployer sniped 40% of the AVA supply at launch. The Solana AI token later fell 96% from its peak. Blockchain analytics firm Bubblemaps said a cluster of 23 wallets linked to the deployer of the Solana-based AI token Ava accumulated around 40% of the token’s supply at launch, raising new questions about insider coordination around the project’s debut. The sybil wallet cluster related to the deployer shared similar patterns, including being funded in a tight time window through Bitget and Binance, receiving similar amounts of Solana (SOL) and having no blockchain activity before buying up the Ava AI (AVA) token supply at launch, Bubblemaps claimed in a Thursday X post. “Connected to these snipers are other wallets that also bought $AVA early. Similar funding sources, sizes, and timing strongly suggest coordination across these clusters,” they said. Read more
Airport authorities in the United Arab Emirates (UAE) cancelled or delayed dozens of flights and roads were flooded in major cities as the heaviest rainstorm in months lashed the desert nation on Friday. Dubai’s Emirates airline axed 13 flights on Friday and there were also delays and cancellations at neighbouring Sharjah’s airport after the overnight downpour, which woke residents with lightning flashes and loud cracks of thunder. Sharjah’s main street was completely flooded early on Friday, with residents seen wading through it in bare feet. One man rode his bicycle through the water, which reached the top of its wheels. The scenes evoked memories of April 2024, when record rains caused widespread flooding and forced the cancellation of more than 2,000 flights at Dubai’s major international air hub. On Thursday, Dubai police had urged residents to stay in unless “absolutely necessary” as the rainstorm approached. Early on Friday, water-pumping trucks were seen around Dubai clearing blocked roads and large p...
Malaysia’s RMJDT shows how Asia is pulling stablecoins into regulated finance, linking tokenized assets with local-currency onchain settlement. RMJDT is a ringgit stablecoin pitched for payments and cross-border trade. Its treasury and validator setup is designed to make onchain settlement function like reliable infrastructure. Across Asia, stablecoins are being brought under licensing and reserve and redemption rules. Read more
Bitcoin’s 36% drawdown from its all-time highs resulted in the relative strength index flashing a potential bottom signal not seen since early 2023. Bitcoin (BTC) traders expected a short-term bounce as a key BTC price metric sank to its lowest levels in almost three years. Data from Cointelegraph Markets Pro and TradingView revealed extremely “oversold” conditions on the BTC/USD relative strength index (RSI). Key takeaways: Bitcoin’s “most oversold” RSI, historically tied to major BTC price rallies, suggests a price reversal in the short term. Read more