Author: boss

Coinbase advisory board urges Bitcoin to begin quantum migration now

boss

Bitcoin has entered a period where preparations for quantum-resistant security should begin immediately, according to a new report from Coinbase’s independent advisory board of cryptography experts. Summary Coinbase’s advisory board says Bitcoin should begin preparing for a transition to quantum-resistant cryptography now. The report does not endorse freezing vulnerable BTC, leaving the decision to the Bitcoin community. Researchers estimate that between 1.7 million and 5 million BTC could face future quantum-related risks. According to the report published by Coinbase’s advisory board, the Bitcoin community should start developing and implementing a…

Kraken Adds USDCx Deposits And Withdrawals On Canton Network

boss

TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserve, according to Kraken. Canton is built for regulated financial institutions and tokenized real-world asset workflows. Kraken Adds Canton Network Support For USDCx Kraken has enabled deposits and withdrawals of USDCx on the Canton Network, adding exchange support for a stablecoin asset designed for privacy-enabled institutional settlement. According to Kraken’s announcement, USDCx is a Canton-native stablecoin backed 1:1 by USDC held in Circle’s xReserve. When USDC is deposited into…

ETH Futures Bearish, But Staking, Corporate Demand Show Strength

boss

Key takeaways: While bearish ETH futures trends and spot ETF outflows signal weak institutional appetite, staking demand prevents further decline. Falling exchange deposits and accumulation by BitMine indicate holder confidence in ETH’s long-term value. Ether (ETH) price failed to reclaim the $1,700 level over the past week, tracking a broader weakness across cryptocurrency markets. This correction contrasts sharply with the bullish momentum seen in the US stock market. Traders worry that Ether’s appeal has faded due to sluggish on-chain activity and a distinct lack of demand for bullish leveraged positions.…

Anthropic suspends access to Fable 5, Mythos 5, citing US directive

boss

Anthropic said it suspended access to its Fable 5 and Mythos 5 AI models after receiving a US government export control directive citing national security concerns. In a statement posted Friday, Anthropic said it received the directive at 5:21 pm ET, instructing it to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.  Anthropic abruptly disabled the models for all users in order to ensure compliance. It said all other Anthropic models, such as…

Major crypto exchanges cancel SpaceX IPO allocations

boss

Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns and offered refunds for users as SpaceX went public on the Nasdaq on Friday.  SpaceX’s IPO, which was reported as more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.  However, major crypto platforms offering tokenized access to the IPO were…

Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets

boss

Key Takeaways Prosecutors say AudiA6 moved more than $389 million through cryptocurrency wallets. Authorities arrested two alleged senior operators in Georgia after a multinational cybercrime operation. Extradition efforts could bring the defendants to Pennsylvania, where each defendant faces up to 20 years in prison if convicted. Global Operation Targets Bitcoin Laundering Service, Domains, and Crypto Assets The U.S. Attorney’s Office for the Eastern District of Pennsylvania announced on June 11 charges against Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev in a cryptocurrency laundering case. The charges stem from the defendants’…

Bitcoin’s ‘Higher Floor’ Thesis Puts $40K Bottom in Play: Galaxy Research

boss

New research from Galaxy Digital suggests that Bitcoin’s cycle low could form at higher price levels than previous bear markets due to the absence of speculation. The analysis places the potential bottom between $62,000 and the network’s realized price at $53,600. Galaxy head of research Alex Thorn analyzed every Bitcoin cycle top and bottom and noted that the four-year cycle continues to track closely with BTC’s historical timing. The peak-to-trough declines have steadily narrowed across market cycles, falling from 85% and 84% in earlier periods to 77% in 2022 and…

Bitcoin Orderbook Structure Hints At Recovery To $70K

boss

Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000. BTC’s bid-ask ratio has remained positive since last Friday.  The shift in positioning and sentiment also aligns with a bullish chart pattern targeting the $67,000–$70,000 range.  BTC bulls attempt to regain control near support Bitcoin’s recent rebound to $63,500 followed a bullish divergence between the price and the relative strength index (RSI)…

Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails

boss

TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations. The company says more than 36 million ETH, roughly 30% of circulating supply, is now staked across Ethereum. Fireblocks says Ethereum staking on its platform has more than doubled over the last six months. The update also highlights post-Pectra compounding validators, which can support balances up to 2,048 ETH rather than the original 32 ETH cap. Fireblocks says institutional Ethereum staking is moving into a more standardized phase as the amount of ETH…

Coinbase Teases Next Phase of ‘Everything Exchange’ for Crypto, Stocks, Perps – Bitcoin News

boss

Key Takeaways Coinbase teased the next phase of a broader platform combining crypto, equities, futures, cash, and prediction markets. Instant settlement and round-the-clock trading are central to Coinbase’s pitch for modern financial infrastructure. Upcoming updates are expected on June 16, when Coinbase says it will show the next phase of the Everything Exchange. Coinbase Details Expanding Everything Exchange Vision Crypto exchange Coinbase (Nasdaq: COIN) teased the next phase of its “Everything Exchange” in a June 12 post on X and an article by Max Branzburg, its head of consumer and…