Michael Saylor understates Bitcoin’s quantum threat

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BlackRock calls quantum computers, which are capable of surpassing classic binary computers and breaking traditional encryption, Threat to encryption.

So BTC will definitely price this, as the threat of computers can quickly break the encryption that makes Bitcoin scarce is there.

But in the recent appearance of CNBC, Strategy Michael Saylor downplayed the quantum threat to BTC, believing that when the threat is about to become imminent, the Bitcoin protocol will implement software upgrades – just like any other tech company.

“This is mainly marketing for people who want to sell you the next Quantum yo-yo token,” Saylor said on CNBC. “Google and Microsoft won’t sell you computers that will crack modern cryptography because it will destroy Google and Microsoft, as well as the U.S. government and banking systems.”

There are already many suggestions on how to protect Certificate of work Oppose the quantum threat, Including BTQa startup building anti-quantum encryption hardware. A Bitcoin developer proposes a draft Bitcoin Improvement Protocol This proposes a Hard fork This will transfer everyone’s wallet to a quantum secure address.

“Bitcoin is a protocol; the software is upgraded every year.” Saylor concluded, he believes that the greater security threat to Bitcoin is phishing.

However, Saylor’s view is not a common view. The latest report from Presto Research It is believed that the cryptocurrency industry is “unprepared” for the upcoming quantum threat.

With BTC above $100,000 and the market is ready to challenge another all-time high, traders don’t seem to care.

Since CRCL has a bombshell IPO, the true market size of Stablecoins remains a mystery.

Circle recently held a sensational IPO and is scheduled to open U.S. Trading Week on Monday, which is over $107, an impressive rally that exceeds its $69 opening price.

The number of stablecoins in circulation – the market value of asset classes – is a well-known fact. After all, you can see the release link, which is $254 billion. According to Coingecko data.

However, it is a bit tricky to find out the number of stablecoins used in payments.

In the latest thread on XNic Carter, partner at Castle Island Ventures, co-founder of the Blockchain Data Aggregator Community, Analyze through available data And found that there were big differences in numbers.

Estimating the true share of stable transactions driven by payments rather than transactions is very complex due to challenges such as MEV bot interference, repeated on-chain transactions, and spam campaigns.

Recent analysis demonstrates this uncertainty. As of May 2025, the top-down heuristic heuristics for visas and allium are estimated at about $9 trillion per year. However, this number covers broadly transactions, biased activities and settlements rather than pure payments.

In contrast, more detailed bottom-up analysis provides narrower but clearer insights. Fireblocks, a major custody provider, reported about $232 billion in annually verified Stablecoin payments, while transaction volumes between its clients were much larger than $2.12 trillion, suggesting that real payment transactions accounted for about 10% of its total stable stake activity.

Similarly, the targeted joint study of Artemis and Dragonfly directly sampled 20 Stablecoin-centric payment providers.

It calculated a conservative annual payment volume of approximately $72.3 billion, acknowledging that it was a limited sampling case.

Carter wrote that this is $232 billion compared to the high-end $72.3 billion figure, highlighting the uncertainty surrounding the stability of widespread use around how it can be used as a payment mechanism.

As for Circle, the Stablecoin issuer does not provide a number of payments in the IPO document, pointing only to the general transaction volume.

News summary

Coinbase, BIT Global Settlement Packaging Bitcoin (WBTC) filed lawsuit

BIT Global and Coinbase have resolved legal disputes about Coinbase’s recommendations for parcel Bitcoin (WBTC), Coindesk previously reported. According to an application filed by the United Court, BIT Global agreed to dismiss its lawsuit by bias, meaning that the case cannot be reapplied – each company bears its own legal costs.

Bit Global initially sued Coinbase last year, claiming it was unfairly damaging WBTC’s liquidity and reputation, while also favoring Coinbase’s competitive token CBBTC. Coinbase cited concerns over the participation of cryptocurrency billionaire Justin Sun with WBTC and marked it as an “unacceptable risk” although specific settlement terms outside the dismissal were not disclosed.

Winklevoss Twins’ cryptocurrency Exchange Gemini and SEC’s secret files

Gemini, a cryptocurrency exchange and custody platform founded by Cameron and Tyler Winklevoss, has secretly submitted paperwork to the U.S. Securities and Exchange Commission (SEC) for public Coindesk previously reported. IPO details, including size and valuation, are still not disclosed, but Gemini has linked Goldman Sachs and Citigroup as financial advisers to financial advisers and positioned significantly among crypto-local firms entering traditional markets.

The filing comes after a successful IPO by Stablecoin issuer Circle, whose shares surged sharply when it debuted on the New York Stock Exchange. Gemini’s planned IPO is an important step for crypto companies to seek wider acceptance of mainstream finance, although the timing of issuance will depend on SEC scrutiny and market conditions.

Market changes:

• BTC: Bitcoin recovered from the intraday tilt and traded at $105,600.30 as the recent surge in miners in exchanges conveyed the potential volatility of the signal.
• ETH: In the case of volatility, Ethereum is above the critical $2,500 support, approaching $2,534 at a close range of $2,534, as BlackRock’s ETH ETF approaches $5 billion in ongoing institutional inflows.
• Gold: Gold is trading just below $3,314.92, but the head of weekly earnings, despite eased U.S.-China tensions, is backed by weak U.S. employment data.
• Nikkei 225: Japan’s Nikkei 225 has a higher open rate of 37,741.61 (+0.50%), with recent earnings extended after winning meetings in two of the past three trading days