Google has urged others to accelerate post-quantum efforts as it continues to develop Willow, one of the most powerful superconducting quantum processors today. Google has set a 2029 deadline for its post-quantum cryptography (PQC) migration, warning that “quantum frontiers” could be closer than they appear. On Wednesday, Google said rapid progress in quantum computing hardware and quantum error correction, along with updated estimates of how quickly a quantum machine could break today’s encryption standards, has heightened the urgency to act sooner rather than later. “Quantum computers will pose a significant threat to current cryptographic standards, and specifically to encryption and digital signatures,” Google said, while also noting that PQC migration is needed for users to use authentication services securely. Read more
Bitcoin bulls face an uphill battle to turn the March options expiry in their favor, requiring a 6% price rally to $75,000 before Friday. Key takeaways: Over 90% of Bitcoin call options may expire worthless if the price fails to break above $71,000 by Friday. Traders fear rising inflation and worsening credit conditions as the US and Israel-Iran war continues. Read more
The stablecoin issuer was accused of freezing 16 hot wallets linked to operating businesses, including crypto exchanges and online casinos. Stablecoin issuer Circle, the company behind the USDC (USDC) dollar-pegged token, wrongfully froze 16 wallets in connection with an ongoing civil legal case in the United States, according to onchain investigator and security researcher ZachXBT. The wallets in question belonged to crypto exchanges, online casinos and foreign currency exchange businesses, which “do not appear related at all,” ZachXBT said. “An analyst with basic tools could have identified, within minutes, that these were operational business wallets from the thousands of transactions they process,” he said Read more
The number of Ether staked continues to rise while ETH outflows from exchanges are increasing. Will the phenomenon have a positive or negative impact on ETH price? Ether’s (ETH) liquid supply on the Ethereum network continues to tighten, with exchange netflows, rising staking participation, and declining exchange reserves all pointing to a shrinking pool of readily available tokens. Analysts suggest this supply contraction may mark the early stages of a “new phase,” potentially establishing a stronger structural price floor for ETH in the market cycles ahead. Ethereum’s staking share continues to rise, with about 38.1 million ETH locked on Wednesday, equal to roughly 33.1% of the total supply. Staking infrastructure provider Everstake noted that this is the highest level recorded, marking a steady shift toward illiquid capital rather than tradable inventory. The staking platform said, Read more
Industry executives told US lawmakers that existing investor protection and financial surveillance regulations should apply to tokenized securities. Crypto industry executives on Wednesday told the US House of Representatives Committee on Financial Services that existing investor protections and financial surveillance regulations should apply to tokenized securities. The hearing was held as legislators consider the Capital Markets Technology Modernization Act of 2026 and are exploring the impact of asset tokenization on capital markets and the “need to balance innovation with investor protection and market integrity,” according to a statement by panel chairman, Representative French Hill. Tokenized real-world assets (RWA), traditional financial instruments represented by tokens on blockchain networks, reduce transaction costs and settlement times, Summer Mersinger, CEO of crypto advocacy organization Blockchain Association, told the committee. Read more