Ethereum developers to launch biweekly sessions on quantum-resistant transactions as Foundation commits $2 million in new funding to harden core cryptography. The Ethereum Foundation has made post-quantum security a central focus of the network’s long-term roadmap, announcing the formation of a dedicated Post Quantum (PQ) team. The new team will be led by Thomas Coratger, a cryptographic engineer at the Ethereum Foundation, with support from Emile, a cryptographer closely associated with leanVM, according to crypto researcher Justin Drake. “After years of quiet R&D, EF management has officially declared PQ security a top strategic priority,” Drake said in a Saturday post on X. “It's now 2026, timelines are accelerating. Time to go full PQ.” Read more
A full sale at current prices would imply about a $76 million loss on GameStop’s Bitcoin bet, having purchased its 4,710 Bitcoin at an average purchasing price of $107,900. GameStop has transferred its entire Bitcoin holdings to Coinbase’s institutional trading platform, sparking speculation that the video game retailer may be reconsidering its Bitcoin treasury strategy. “GameStop throws in the towel?” blockchain intelligence platform CryptoQuant asked in a post to X on Friday after noticing that GameStop moved its entire 4,710 Bitcoin (BTC) stash worth more than $422 million to Coinbase Prime. CryptoQuant said the transfer was “likely to sell” the holdings, noting that a sale with Bitcoin at $90,800 would mean GameStop realizing around $76 million in losses from its Bitcoin bet. Read more
The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests. US Democratic Senators working on crypto market structure legislation filed several amendments on Friday, including measures to address conflicts of interest with US officials profiting from the crypto industry. The ethics-focused amendments were filed ahead of the Senate Agriculture Committee’s markup for the crypto market structure legislation this Tuesday, which seeks to give greater clarity on federal rules for digital assets, define agency oversight, and bring regulatory certainty to investors and market participants. One of the most notable amendments was Senator Michael Bennet’s purported inclusion of the Digital Asset Ethics Act into the crypto market structure legislation to prevent US officials from profiting from the crypto industry. Read more
The Office of the Comptroller of the Currency said no political or personal financial ties will impact the procedural review of World Liberty Financial’s bank charter application. The Office of the Comptroller of the Currency has knocked back US Senator Elizabeth Warren’s bid to pause the review of World Liberty Financial’s application for a national trust bank charter, a move she sought until US President Donald Trump divests his stake in the crypto platform. The OCC’s Jonathan Gould confirmed on Friday that WLF’s application will be evaluated under existing regulatory standards while emphasizing that no political or personal financial ties will impact the procedural review of the bank charter. “The OCC intends to act consistent with this duty rather than your demand,” he said in response to Warren’s Jan. 14 letter. Read more
The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy. The US Securities and Exchange Commission’s civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice. Court filings show the parties submitted a joint stipulation to dismiss the action on Friday in the US District Court in the Southern District of New York, effectively ending the SEC’s claim over Gemini’s crypto lending program with Genesis. A federal judge still needs to sign off on the joint stipulation to dismiss. The dismissal comes about nine months after the SEC paused the civil action in April 2024 when then-acting chairman Mark Uyeda was leading the agency. The SEC was content with the dismissal based on a 100% in-kind return of Gemini Earn investors’ crypto assets through the Genesis bankruptcy case in mid-2024 and Gemini agreeing to c...