Latest Crypto News & Market Updates

Elon Musk Backs the Physics Behind a Claim Quantum Computers Can't Break Bitcoin

Elon Musk has backed a fringe physics theory that says quantum computers can only grow so big. Crypto traders turned his five word reply into proof that Bitcoin (BTC) is already safe from them.　　But it is not proof. The theory comes from Oxford physicist Tim Palmer, predicting that quantum machines stall somewhere between 200 and 400 qubits.　　Sponsored　　Sponsored　　What Musk Actually Said　　Musk was not talking about Bitcoin. On August 29, he replied to an Institute of Art and Ideas post about Palmers work.　　The universe is integer in units of Planck cubes　　— Elon Musk (@elonmusk) August 29, 2026　　Follow us on X to get the latest news as it happens　　He agreed the universe comes in fixed chunks. He said nothing about private keys or Bitcoins quantum problem. Investor Fred Krueger cited him a day later anyway, under the headline that Bitcoin is already quantum-safe.　　“Bitcoin may already be quantum-safe…The latest estimates require at least 835 logical qubits to break Bitcoin‘s signatures with Shor’s algorithm…Elon Musk and Steve Jurvetson have commented positively on this research,” he said.　　The Physicist Behind the Theory　　Palmers credentials are real, though they sit outside this field. He is a Royal Society fellow, elected in 2003, and spent his career building weather forecasting

08-31Industry

Helium Price Soars 170% in One Weekend: Is It Too Late to Buy HNT Now？

Helium (HNT) jumped as much as 167% over the weekend, establishing an intra-day high of $0.989 as of this writing. Traders who arrived late are asking whether it is too late to buy HNT.　　The rally was not built on buyers, but on sellers being forced out.　　Helium (HNT) Price Performance. Source: TradingView　　Sponsored　　Sponsored　　Why a Forgotten Token Moved So Fast　　Helium runs a wireless network. Ordinary people host the hardware in their homes and shops. The industry calls this decentralized physical infrastructure, or DePIN.　　The trigger was a Texas Wi-Fi deployment BeInCrypto reported on Saturday. The reaction dwarfed the news itself. HNT price, which had traded under $0.30 for most of the summer, surged by almost 170% in one weekend. Heliums pitch has always been real customers.　　In April 2025, developer Nova Labs paid $200,000 to settle SEC charges. Regulators said it wrongly claimed Lime, Nestle and Salesforce used the network. The case covered statements to stock investors, not the token.　　What the Charts Actually Show　　The HNT price did not climb in a straight line. It moved in two bursts, grounding from $0.33 up to $0.45 overnight. It then jumped to $0.70 by 09:00 and stalled for four hours. A second push from 15:00 carried it to

08-31Industry

Bitcoin Rally Builds on $2.8 Billion ETF Inflows

Bitcoins advance from approximately $63,500 to above $80,000 received substantial support from spot buying rather than new leveraged positions, QCP Capital said on Aug. 28.　　SummaryBitcoin rose from $63,500 as spot ETFs drew $2.8 billion across eight consecutive sessions overall.Futures open interest fell from 646,000 BTC to 588,000 BTC while Bitcoin prices moved higher.U.S. spot Bitcoin ETFs ended nine inflow sessions with $201.9 million in August 28 outflows.July headline PCE rose 3.7% annually, while core PCE remained at 3.3%, official data showed.Treasury will double long-end buybacks to at least $4 billion per operation beginning September 9.　　The trading firm estimated that U.S. spot Bitcoin exchange-traded funds attracted roughly $2.8 billion across eight consecutive sessions during the rally. Meanwhile, BTC-denominated futures open interest declined from about 646,000 BTC in mid-August to 588,000 BTC.　　That combination suggests spot purchases and short covering drove much of the move. It differs from a rally led by traders opening aggressive leveraged long positions. However, the latest verified figures show that institutional demand has begun to cool after Bitcoin failed to hold above $80,000.　　You might also like:　　Bitcoin ETF flows swing to $202M outflow as price holds near $77.5K　　Bitcoin rally gained support as leverage declined　　Bitcoin briefly traded above $81,000 after

08-30Industry

Metaplanet Offloads Bitcoin in Latest $237 Million Move

Japan-based Bitcoin treasury firm Metaplanet has made a surprising Bitcoin move as it appears to be offloading its tokens following the broader crypto market slowdown.　　Although Metaplanet is renowned for its steady Bitcoin purchases, the latest Bitcoin move from the firm did not go unnoticed as it appears to be a bearish move from the firm.　　Metaplanet dumps Bitcoin　　According to the latest data shared today, Metaplanet has transferred about $237 million worth of Bitcoin to the leading U.S. cryptocurrency exchange, Coinbase Prime.　　The large Bitcoin deposit has sparked discussions among market participants as it suggests that the firm is beginning to exercise caution as Bitcoins price has slowed from the recent rally.　　Although the Japanese Bitcoin treasury firm has yet to specify the reason behind its recent Bitcoin move, market participants argue that it is a major attempt by the firm to sell off a portion of its holdings.　　It is important to note that transfers to crypto firms like Coinbase Prime do not necessarily mean the Bitcoin is being sold. However, the size and timing of the transaction have further triggered speculation of a bearish move from the firm.　　Is Metaplanet taking profit？　　The large Bitcoin deposit from Metaplanet has come at a time when investors

08-30Exchange

BIT-Linked Addresses Boost ETH Long to 29,500 on Hyperliquid, Data Shows

Addresses linked to the crypto options trading platform BIT, formerly known as Matrixport, have expanded their long position on Ethereum ($ETH) on the Hyperliquid exchange, according to on-chain data shared by analyst ai_9684xtpa. The cluster added an 8,000 $ETH long position during an early-morning market decline on [date], at an average entry price of $2,440.49 per $ETH.　　This latest purchase brings the cumulative position to 29,500 $ETH, currently valued at approximately $72 million. The position is now showing roughly $1 million in unrealized losses, reflecting the recent volatility in the cryptocurrency market.　　Context and Significance　　BIT, originally established as Matrixport, is a Singapore-based digital asset platform that offers a range of trading and investment products, including options. The activity of its associated wallets is closely monitored by traders and analysts, as large positions can influence market sentiment and liquidity.　　The Hyperliquid exchange, a decentralized perpetual futures platform, has seen significant growth in trading volumes and open interest. According to the data, this particular address cluster ranks fifth on Hyperliquid by overall position size, underscoring its importance in the platforms ecosystem.　　Market Implications　　The decision to increase the long position during a price dip suggests a degree of confidence in $ETHs medium-term outlook, despite the immediate unrealized

08-29Exchange

BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing

In briefBitGo acquired NYDIGs institutional trading business in a two-step merger worth about $42.5 million.The deal adds derivatives, structured products, financing and capital-markets solutions serving asset managers, hedge funds and family offices, complementing BitGos custody, settlement, and wallet infrastructure.For NYDIG, the sale sharpens its focus on power generation, Bitcoin mining and HPC data centers.　　BitGo has acquired the institutional trading business of NYDIG, adding derivatives, financing and capital-markets capabilities as the digital-asset infrastructure firm builds out its offerings for professional clients.　　The NYSE-listed company said Wednesday it entered into a definitive agreement and completed the deal, folding in roughly 30 NYDIG employees along with the units institutional client relationships.　　Myriad: Who IPOs first: OpenAI or Anthropic？ Click to make your prediction.　　According to a regulatory filing, the transaction is structured as a two-step merger with total consideration of about $42.5 million: $7 million in cash and roughly $35.5 million in BitGo stock. The deal also carries earnout provisions, including a $10 million cash payment tied to one revenue milestone and up to $5 million more in cash plus additional shares tied to a second, alongside retention awards for transferred staff.　　The acquired business provides derivatives, structured products, financing and capital-markets solutions to asset managers, hedge

08-29Industry

UK police seize $1.4M tied to darknet market activity

A regional UK police force has seized 20.21 Bitcoin and other assets valued at more than $1.4 million after tracing the funds to darknet marketplaces active between 2016 and 2019.　　UK police recover 20.21 Bitcoin and other assets　　Avon and Somerset Police said on Aug. 27 that its Financial Investigation Unit had recovered 20.21 BTC, other digital assets, and money held in a bank account.　　The assets had a combined value of £1,032,487.86, or more than $1.4 million, when the police force valued them. Officials did not disclose the amount held in other cryptocurrencies or the bank account, nor did they identify the tokens involved.　　Earlier in 2026, a court approved the forfeiture after accepting that the holdings represented proceeds from unlawful conduct. Police pursued the assets under the Proceeds of Crime Act, which allows authorities to recover property obtained through criminal activity.　　The unnamed person at the center of the investigation had previously been convicted of money laundering and has since died, according to the statement. Officials did not disclose when the earlier conviction occurred, the offenses connected to it, or whether anyone else was investigated.　　At Bitcoin‘s current price of about $77,570, the 20.21 BTC alone would be worth approximately $1.57 million. The difference

08-29Industry

GOLD token crashes 99% after Trump-linked post, $1M dump

Trump Digital Gold has crashed 99% from its peak after wallets controlling 82.45% of the Solana tokens supply sold their holdings for about $1.01 million.　　SummaryConnected wallets sold 824.54 million GOLD tokens for 9,784.6 SOL, according to EmberCN.GOLD briefly reached a $66 million market cap after a Trump-affiliated merchandise account promoted it.The tokens market cap fell from $55 million to $1 million in about 30 seconds.U.S. regulators warn that social media promotions are frequently used in crypto pump-and-dump schemes.　　GOLD wallets sold 82.45% of the token supply　　On-chain analyst EmberCN reported on Aug. 29 that wallets linked to the Trump Digital Gold token had sold their entire holdings two hours before the post, receiving 9,784.6 Solana tokens worth approximately $1.01 million.　　The wallets collectively controlled 824.54 million GOLD tokens, equal to 82.454% of the assets total supply, through a combination of pre-allocation and purchases made shortly after trading began. Such concentrated ownership allowed the connected addresses to sell most of the circulating supply once other traders entered the market.　　EmberCN called the wallets the token‘s “scammers,” although no law enforcement agency or U.S. regulator had publicly identified the people controlling the addresses at the time of writing. The on-chain analyst’s post also did not name

08-29Industry

Helium Token Skyrockets 100% After Texas Town Turns Wi-Fi Into Cell Coverage

Helium (HNT) jumped almost 100% on Saturday. Behind the surge is a Texas town that stopped waiting for cell towers and switched on Wi-Fi it already owned.　　Celina sits north of Dallas. It added 12,710 residents in a year and grew 24.6%, the fastest of any US city with more than 20,000 residents.　　How Helium Turned Wi-Fi Into Cell Service　　Helium announced the deployment on Friday. It covers the Celina Public Library, the Ralph ODell Senior Center, and some downtown shops.　　The city built nothing new, since it already had Wi-Fi. Helium added a layer that lets phones treat those hotspots as cell coverage.　　Phones sign in using credentials already stored on the SIM card. No app or password. Most people never notice the handoff.　　The idea is not new either. AT&T signed on to the same Helium system in April 2025. That deal is what makes the automatic connection work.　　“Helium let us turn Wi-Fi we already own into coverage our residents phones use automatically, without spending a dollar on new towers,” said Amy Alexander, director of information technology for the City of Celina.　　Follow us on X to get the latest news as it happens　　Why Helium Jumped Nearly 100%　　The news broke Friday, yet HNT ran overnight

08-29Industry

Hyperliquid gets first HIP-4 outcome DEX with OUT

Hyperliquid has received its first reported builder-deployed HIP-4 outcome exchange after OUT completed deployment through the networks permissionless market framework.　　SummaryOUT has become the first reported outcome DEX deployed through Hyperliquids HIP-4 framework.Deployers can create YES/NO markets using templates approved by Hyperliquid validators.HIP-4 contracts are fully collateralized and operate without leverage, funding payments or liquidations.Hyperliquids current developer documentation lists permissionless deployer actions as available on the testnet.　　Hyperliquids block explorer shows that a successful on-chain transaction registered the Outcome DEX under the name OUT through the HIP-4 deployment framework.　　The transaction confirms OUTs deployment but does not show whether its markets have opened for live trading. No separate announcement or verifiable website detailing its markets, liquidity, or trading activity was available at the time of writing.　　Hyperliquids HIP-4 framework lets builders create markets　　According to Hyperliquids developer documentation, HIP-4 lets approved deployers create outcome markets without seeking validator approval for every individual contract. Each market must still follow a template that the validator set has previously approved.　　Templates define the basic form of a contract, its available results, and how it settles. Once validators approve one, a deployer can use the same structure to create separate markets that meet its conditions.　　A YES/NO template allows traders to

08-29Industry