Crypto

[Brief] White House Adviser: US Bitcoin Reserve Update Coming in “Next Few Weeks” White House digital assets adviser Patrick Witt said at Consensus Miami that an update on the US Bitcoin reserve strategy will come in the “next few weeks.” Witt cited a recent exploit involving assets held by the US Marshals as proof that federal crypto holdings need better safeguarding. This statement is seen as the latest signal of the US government’s continued shift toward a friendlier crypto policy. ...

[Brief] White House Targets July 4 for Clarity Act Passage, Crypto Regulatory Framework Nears White House digital assets adviser Patrick Witt said the goal is to pass the Clarity Act by July 4, which aims to provide a clear regulatory framework for the crypto industry. Witt revealed that the Senate Banking Committee will hold a hearing on market structure this month. Coinbase CLO Paul Grewal also backed the bill’s passage this summer and urged banks to accept the stablecoin compromise. ...

[BREAKING] Ripple and JPMorgan Use XRP Ledger for International Tokenized Treasury Settlement Ripple, JPMorgan and other institutions successfully used the XRP Ledger to settle a tokenized US Treasurys fund internationally, demonstrating 24/7 settlement capabilities between crypto firms and Wall Street.

[BREAKING] VanEck Says Bitcoin Could Hit $1 Million in Five Years Investment firm VanEck published research suggesting Bitcoin could reach $1 million within five years, comparing its adoption curve to the mainstream acceptance of video games across different demographics.

Project Eleven Warns Quantum “Q-Day” Could Hit as Early as 2030, Threatening Bitcoin Project Eleven, a quantum risk research firm, has issued a warning that the so-called “Q-Day” — when quantum computers become powerful enough to break Bitcoin’s cryptographic security — could arrive as early as 2030. The firm estimates that approximately 6.9 million BTC could be vulnerable to quantum attacks under certain scenarios. Unlike gradual breakthroughs, the quantum threat could materialize “all at once,” catching the crypto ecosystem unprepared. The warning has reignited debate about whether Bitcoin’s proof-of-work consensus and elliptic curve cryptography can be upgraded in time to resist quantum computing attacks. Bitcoin developers have discussed post-quantum cryptography upgrades, but implementation timelines remain uncertain. The report adds urgency to ongoing efforts in the crypto industry to develop quantum-resistant protocols. ...

Eric Trump Takes Shot at JPMorgan Rethinking Bitcoin Eric Trump, co-founder of American Bitcoin, criticized JPMorgan for its past negative stance on bitcoin, saying traditional institutional firms are now embracing the asset after previously dismissing it.

Project Eleven Warns Quantum Moment Could Hit ‘All at Once’ Security firm Project Eleven warned that quantum computers could threaten roughly 6.9 million BTC as early as 2030 under certain conditions, saying the “quantum moment” could hit “all at once.”

Ripple, JPMorgan Use XRP Ledger for Tokenized Treasury Transfer Ripple and JPMorgan jointly executed a cross-border transfer of a tokenized Treasurys fund on the XRP Ledger, representing an example of crypto firms and Wall Street institutions exploring 24/7 settlement systems.

The Bermuda government is promoting stablecoin payments through a USDC airdrop campaign as part of its effort to attract crypto businesses to the island. As an international financial center, Bermuda is working to position itself as a crypto-friendly jurisdiction. The USDC airdrop aims to let local residents experience the convenience of stablecoin payments. On the regulatory front, Bermuda has established a relatively comprehensive digital asset regulatory framework, providing clear compliance pathways for crypto businesses. This move aligns with the competitive landscape of multiple jurisdictions vying for crypto company establishment. ...

Prominent startup incubator Y Combinator has held crypto startup interviews in New York for the first time, signaling the crypto industry’s expansion from Silicon Valley to financial centers. Previously, Y Combinator’s crypto-related interviews were primarily held in the San Francisco Bay Area. The choice of New York reflects Wall Street’s growing interest in crypto technology. Startups interviewed span DeFi, stablecoin infrastructure, tokenization, and other sectors. This trend suggests accelerating convergence between traditional finance and crypto technology. ...