BlackRock Raises Quantum Alarm for Bitcoin
BlackRock has raised concerns over a potential risk to Bitcoin’s long-term safety — quantum computing.
In its latest ETF filing, BlackRock mentioned that advances in quantum tech could one day break Bitcoin’s encryption. This is the kind of encryption that keeps Bitcoin wallets safe and transactions secure.
Here’s what the filing suggested:
Risk Factor
BlackRock’s Concern
Quantum Computing
May eventually break Bitcoin’s encryption
Bitcoin’s Security
Based on elliptic curve cryptography
Urgency
Institutions must prepare in advance
This doesn’t mean Bitcoin is unsafe right now. But BlackRock’s concern reflects a growing awareness. The idea is that in the future, powerful quantum computers could crack crypto wallets unless we move to post-quantum cryptography.
Even if it’s years away, the financial world is taking it seriously — especially when trillions might flow into digital assets.
Pi Network Announces $100M Developer Fund
Pi Network made headlines by launching a $100 million fund for Web3 projects.
The goal is to support developers building apps on its enclosed mainnet ecosystem. Pi is planning to give out 10% of its native token supply to boost real-world use cases.
However, the announcement faced criticism:
Main Concerns:
Lack of transparencyDelays in project developmentProblems with referral rewards
Still, Pi’s move shows a clear intent to invest in grassroots crypto innovation. Despite the doubts, many developers are watching to see how this fund will impact the Pi ecosystem.
Ethereum May Challenge Bitcoin’s Dominance
Some analysts believe that Ethereum is slowly closing the gap with Bitcoin.
They highlight:
More daily active usersHigher network revenueStrong developer activity
Ethereum also powers key sectors like:
DeFi (decentralized finance)NFTsLayer-2 scaling solutions
While Bitcoin remains the most trusted store of value, Ethereum is becoming the go-to for crypto innovation. The possibility of a “flippening” — where ETH overtakes BTC — is still a topic of hot debate.
Internet Capital Market Tokens Gain Momentum
This week also saw more attention on Internet Capital Markets (ICM) tokens — a trend that mixes crypto with traditional finance.
Key tokens mentioned:
Token
Notable Feature
Launch Coin
Launches meme coins via X
Dupe
TradFi-inspired token
CreatorBuddy
Focuses on creator economy
Launch Coin stood out the most. It powers the Believe app, which lets users create meme coins on Solana directly through X (formerly Twitter).
The numbers are impressive:
17,000+ tokens launched267,000+ traders$2.2 billion in trading volume
Still, there’s caution. The backend is controlled by Believe, raising questions about centralization and security.
Coinbase Hit by Data Breach and Backlash
Coinbase confirmed a major insider data breach. The company said that rogue support agents leaked customer data, including sensitive details like:
Government-issued IDsPhone numbersHome addresses
The attackers demanded $20 million in ransom — which Coinbase refused. Instead, Coinbase is offering a $20 million bounty for help identifying the culprits.
But users are angry. Reports suggest the breach happened in January, yet Coinbase disclosed it only recently.
This timeline gap has sparked serious concerns:
Issue
Details
Delay in Disclosure
Breach happened months ago
Data Leaked
IDs, addresses, and contact info
Consequences
Targeted phishing and scams
Many are now calling for decentralized identity and better self-custody options. It’s a stark reminder of the dangers tied to centralized data storage.
This week showed how diverse the crypto world really is. From theoretical risks like quantum computing to real-world breaches like the Coinbase leak, the space is evolving fast.
Whether it’s Ethereum’s potential, new Web3 funding, or token creation tools, crypto continues to push boundaries — both good and bad.