Trump launches quantum race as crypto faces Q-Day threat

President Donald Trump has signed two executive orders designed to accelerate U.S. quantum computing development and prepare federal agencies for the potential security risks posed by future quantum machines.  According to the White House, Trump approved the measures on June 22 as part of a broader effort to strengthen American leadership in quantum technologies, a field widely viewed as critical for future advances in computing, communications, and cybersecurity.  Investing in American quantum leadership like never before.  President Trump signs executive orders on quantum, supercharging a national effort in innovation in quantum technologies, ensuring national security and continuing American growth in a critical industry.   Speaking during the signing event, Trump said “quantum technologies represents the next generation of innovation across computing, sensing, and networking,” adding that the sector carries significant implications for economic growth, scientific research, and national security.  The first order, Executive Order 14411, establishes the Quantum Computer for Application Development and Discovery Science, or QC-ADDS, initiative. Under the directive, the Department of Energy must identify technical requirements for an advanced quantum computer within 90 days and work toward deploying at least one such system at a federal research facility.  The Department of Commerce is also tasked with exploring ways to encourage participation from private-sector

06-23

Is a 60% Bitcoin Crash Still on the Table? Analyst Points to Wall Street

Diplomatic efforts between Iran and the United States showed early signs of progress after senior officials from both countries held talks in Switzerland.  Mediators from Qatar and Pakistan said the discussions were constructive, as both sides agreed to a 60-day timeline to secure a final deal. Further technical meetings are scheduled to take place at the Burgenstock resort later this week. The optimism surrounding the talks briefly pushed Bitcoin ($BTC) above $64,000, although the asset later gave back some gains and fell below the level.  However, tensions between the two countries still linger as the deal was not signed by June 19 as promised and there are new attacks between Israel and Lebanon. One analyst has outlined a potential downside scenario for Bitcoin if wider market conditions deteriorate.  Worst-Case Scenario  Bitcoin could fall to $23,979 in 2026 if the broader stock market suffers a crash of more than 50%, according to technical analyst Jesse Olson. He shared a two-week Bitcoin chart that depicted $BTC potentially declining toward the $23,980 level, based on a long-term volume-weighted support line derived from his proprietary Market Sniper Pro VWAP indicator.  Olson said such a move would likely require a major stock market downturn while adding that he does not

06-23

Arthur Hayes: “When the AI Bubble Bursts, Cryptocurrencies Will Be Peoples Escape Route”

Arthur Hayes, the founder of the cryptocurrency exchange BitMEX and a leading figure in the industry, made striking predictions that will profoundly shake global markets during his appearance on the Bankless podcast.  Hayes argued that the Artificial Intelligence (AI) craze sweeping the technology world has turned into a massive financial bubble, and that after this bubble bursts, the only escape route for global capital will be cryptocurrencies.  Arthur Hayes noted that global capital is currently flocking to the artificial intelligence sector, which it views as “the fastest-running horse.” However, arguing that this is leading to a very serious misallocation of capital, Hayes made the following warning, referring to the railroad craze of the 19th century:  “People are always overly optimistic at the beginning of any new technology. Right now, inflated balance sheets, cyclical revenue agreements, and flawed amortization calculations are being made for AI investments. Companies are assigning a lifespan of 5-6 years to microchips that become obsolete every two years. This mathematical reality will hit the market like a slap in the face no later than 2027-2028. A collapse in the AI-driven credit market will be far greater than the 2008 mortgage crisis.”  Related News The Price of an Altcoin Backed by Billion-Dollar

06-23

The 2026 Litecoin Summit Has Begun: What to Expect

The 2026 Litecoin Summit opened in Amsterdam today (June 22), the sixth edition of the event and its first outside the United States. Over two days, the Litecoin Foundation (@LTCFoundation) is running keynotes, panels, and workshops at the Tobacco Theater, with the institutional adoption story front and center for a network that has spent most of its 14 years known mainly as a payments coin.  That shift is the thing to watch. Litecoin arrives in Europe with a Nasdaq-listed treasury company, a spot ETF, and fresh SEC guidance behind it, and the schedule leans hard into what all of that means next.  A first for Europe  The summit runs June 22 and 23 at the Tobacco Theater, a historic venue on the Nes in central Amsterdam, with nine rooms and space for up to 600 people. It doubles as the official kickoff to Dutch Blockchain Week, which puts Litecoin at the front of one of Europes larger Web3 gatherings.  Tickets are€84 for the full two days, covering all sessions, workshops, the exhibitor area, and networking. Payment is in fiat through Eventbrite or in $LTC or $BTC through Coinbase. For a multi-day industry event, that price is well below the norm, which aligns with the

06-23

Coinbase to List GEOD Token: Trading Begins Today

Coinbase, one of the largest publicly traded cryptocurrency exchanges in the United States, has announced the listing of $GEOD, a digital asset native to the GEODNET network. Trading is scheduled to begin at 12:00 a.m. UTC today, provided that sufficient liquidity conditions are met. The listing marks the latest addition to Coinbases expanding roster of tradable assets.  What Is $GEOD and Why Does the Listing Matter?  $GEOD is the native token of GEODNET, a decentralized physical infrastructure network (DePIN) focused on providing high-precision, real-time kinematic (RTK) positioning services. The project aims to improve $GPS accuracy for applications in autonomous vehicles, drones, agriculture, and surveying. A listing on Coinbase typically signals a degree of vetting and compliance with the exchange‘s listing standards, which include security, legal, and technical reviews. For projects like GEODNET, gaining access to Coinbase’s user base of millions of retail and institutional traders can significantly increase token liquidity and market visibility.  Trading Details and Liquidity Conditions  Coinbase has stated that trading will commence at 12:00 a.m. UTC, but this is conditional on the exchanges liquidity assessment. If liquidity thresholds are not met at the scheduled time, trading may be delayed or canceled. This is a standard practice for Coinbase, designed to protect

06-23

Trump Orders Acceleration of Quantum Readiness as Bitcoin Faces Coming Risk

In briefTrump signed executive orders focused on quantum computing and post-quantum cryptography.The administration is targeting a scientifically relevant quantum computer by 2028.Federal agencies must transition to post-quantum cryptography by the end of 2031, four years earlier than previously planned.  President Donald Trump signed two executive orders Monday aimed at strengthening U.S. leadership in quantum computing while accelerating the federal governments transition to post-quantum cryptography.  The move advances Washingtons efforts to prepare for “Q-Day,” a future in which quantum computers could crack widely used encryption and cryptography standards that protect everything from government networks to cryptocurrency wallets.  Speaking before the orders were signed, White House science advisor Michael Kratsios said quantum technology remains a national security and economic priority.  “President Trump has long recognized the importance of quantum as an economic and national security imperative for the nation,” Kratsios said. “In his first term, he signed the National Quantum Initiative Act into law, doubled the federal Rt letting our foot off the gas.”  The first order, Ushering in the Next Frontier of Quantum Innovation, directs federal agencies to pursue the development of what the administration calls a “scientifically relevant” quantum computer by 2028. The order also calls on the Departments of Commerce, Energy, and Defense, along

06-23

Solana price rebounds on Morgan Stanley ETF update as $75 test looms

Solana price has surged nearly 9% over the past three days after Morgan Stanley updated its spot ETF filing, putting the token back within striking distance of the $75 resistance zone.  According to data from crypto.news, Solana ($SOL) price climbed from around $68 on June 19 to an intraday high of $74.98 on June 22 before consolidating near $73.7 at the time of writing.  $SOL‘s rally followed Morgan Stanley’s amended S-1 filing for its proposed spot Solana ETF, which introduced a 0.14% sponsor fee and identified Figment and Coinbase Canada as staking providers. Such an update strengthened expectations that institutional investors could gain regulated exposure to $SOL while also participating in staking rewards.  The ETF development arrived after a sharp four-day correction that dragged Solana from a local high of $75.6 on June 15 to a low near $68. A stronger U.S. dollar, reduced risk appetite across crypto markets, and slower memecoin-related activity on Solana had pressured the token during that period.  The selloff, however, left derivatives markets heavily skewed toward short positions, creating conditions for a rapid reversal once buying pressure returned.  Futures traders amplified the move as $SOL reclaimed several short-term resistance levels between $70 and $73.  Rising open interest during the advance suggests

06-23

What does the UKs PM-in-waiting Andy Burnham think about crypto?

UK Prime Minister Sir Kier Starmer has today announced that hes to step down as leader of the Labour party, triggering a leadership contest that will likely result in the former Mayor of Greater Manchester and member of Parliament for Makerfield Andy Burnham being handed the keys to 10 Downing Street.  Burnhman won a key member of Parliament local election last week in the Makerfield constituency, a victory perceived to be an indicator of public appetite for Burnhams role as Labour leader.  But what does Burnham know about crypto?  Burnham attended a crypto event in Manchester in 2024 that was hosted by local crypto group Manchester Blockchain Alliance and Coinbase-backed crypto lobbying firm Stand With Crypto.  In a nine-minute speech, he spoke about the importance of expanding the digital sector in the city, the benefits of cryptos tendency to “disrupt,” and how young people need to be able to see the job opportunities crypto can provide.  Andy Burnham talking about crypto and opportunities the web3 sector can provide for Manchester.  He said that Manchester could become a “web3 powerhouse,” and that when it comes to marrying economic progress with social progress, “web3 could be the democratisation of it all.”  Despite noting that his understanding of crypto is

06-23

EUR trading accounts for 1% of Binance spot volume, CryptoQuant says

Euro-denominated trading accounts for only a small share of Binances activity, as the exchange faces uncertainty over its European licensing prospects under the Markets in Crypto-Assets Regulation (MiCA).  Euro (EUR) trading accounts for around 1% of Binances spot volume, CryptoQuant analyst Maartunn told Cointelegraph.  “Binances inflows remain globally distributed, which may limit the impact of potential MiCA-related setbacks,” Maartunn said, pointing to the exchanges diversified user base across regions.  Source: CryptoQuant  The data comes as Greek regulators are reportedly preparing to reject Binance‘s licensing application ahead of MiCA’s transitional deadline on July 1, a move that could complicate the exchanges ability to serve EU residents.  Binance ranks among Europes biggest crypto exchanges  Even though EUR trading represents only about 1% of Binances global spot volume, the exchange still processes hundreds of millions of dollars in euro-denominated trades.  According to CryptoQuant data, Binances daily EUR-pair volumes have ranged from roughly $100 million to $250 million in 2026, with occasional spikes above $600 million.  Source: CryptoQuant  According to a December 2024 report by Kaiko, Binance, alongside Bitvavo, Kraken and Coinbase, accounted for more than 85% of all euro-denominated crypto trading volume.  Unlike Binance, Bitvavo, Kraken and Coinbase are among the major exchanges that have already secured MiCA authorization, allowing them to offer

06-23

The Price of an Altcoin Backed by Billion-Dollar Companies, Including Coinbase, Has Dropped to Nearly Zero

Goldfinch, a cryptocurrency lending project, faced a serious crisis due to increasing defaults and restructurings in its loan program targeting Africa and emerging markets.  The project, backed by prominent investors such as a16z and Coinbase Ventures, was once cited as one of the most notable examples of how decentralized finance could increase financial inclusion in developing countries.  However, recent developments have raised questions about the sustainability of this model. According to sources close to the project and some depositors, two of the approximately eight borrowers in Goldfinchs loan portfolio have defaulted, and the remaining six have entered a restructuring process. Accumulated losses and impairment provisions are said to exceed tens of millions of dollars.  Goldfinch‘s native token, GFI, also experienced a sharp decline in value during this period. The token’s price fell by approximately 99.8% from its peak, while its market capitalization dropped from a peak of around $390 million to below $6 million.  The chart shows the decline in the price of the GFI altcoin.  Launched in 2021, Goldfinch aimed to provide decentralized lending to financial and consumer credit companies, particularly in Africa and other emerging markets. The project attracted attention in its initial phase by reaching a loan volume of over $100 million.  Related

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