In a new report, Coinbase has warned that millions of Bitcoins may be vulnerable to quantum computer attacks. The growing power of quantum computing threatens the cryptographic security underlying Bitcoin addresses, potentially exposing a significant portion of the cryptocurrency supply to theft. The report highlights the urgent need for the Bitcoin network to upgrade its cryptographic algorithms to quantum-resistant standards.
Meanwhile, spot Bitcoin exchange-traded funds (ETFs) have reached a historic milestone, surpassing $2 trillion in total trading volume since their launch. This mark underscores increasing mainstream adoption of Bitcoin through regulated investment vehicles. BlackRock has also filed for a new yield-bearing Bitcoin ETF, aiming to attract income-focused investors.
In other news, Avalanche's Treasury token saw a volatile debut on Nasdaq, while Citi launched a blockchain-based marketplace for private shares. The developments reflect a rapidly evolving digital asset landscape.