Solana Labs Warns Ethereum L2s Are Not Quantum Safe

Solana Labs co-founder warned that Ethereum Layer 2s are not quantum safe and told users to abandon all hope.Most Ethereum L2s rely on ECDSA signatures vulnerable to quantum computers running Shors algorithm.Solana leads with Falcon-512 implementation as the crypto industry shifts toward quantum resistance.  On May 2, 2026, Solana Labs co-founder Anatoly Yakovenko warned that Ethereum (ETH) Layer 2 solutions (L2s) are not quantum safe, urging users to “abandon all hope” in response to a developer update showcasing Solana‘s Falcon-512 verification suite and its production hardening. The remarks highlight Solana’s progress in post-quantum cryptography, while Ethereum L2s remain vulnerable.  Solana Founder Says Ethereum L2s Are Not Quantum Safe  Solana Labs co-founder Anatoly Yakovenko, known as @toly on X, has publicly stated that Ethereum L2s are not quantum safe, urging users to “abandon all hope.” This comment quoted an earlier post celebrating Solana‘s advancements, which included an image of GitHub’s work on Falcon-512 post-quantum signature verification and suggesting the network is about to “quantummogg” competitors.  Why Ethereum L2s Remain Exposed to Quantum Threats  Ethereum L2s remain exposed because they still rely on the same quantum-vulnerable cryptographic primitives as Ethereum L1. Elliptic Curve Digital Signature Algorithm (ECDSA) signatures (secp256k1) are used by nearly all user wallets on

05-03

MegaETH Token MEGA Falls 38% in 72 Hours After Binance and Coinbase Listings

MegaETHs $MEGA token launched across a myriad of major exchanges and immediately entered a sell-off that pushed it more than -38% below its opening-day highs within 72 hours.  Key Takeaways:$MEGA token launched on Binance, Coinbase, and a dozen other exchanges on April 30, dropping -38% from its $0.225 ATH within 72 hours.MegaETH TVL climbed toward $600M despite $MEGA trading near $0.138, signaling onchain strength decoupled from price.Bulls need $MEGA to reclaim $0.156 on the 4H chart; a breakdown below $0.134 opens a path toward $0.12.  Traders Dump $MEGA -38% From Launch Highs  The token opened trading between $0.16 and $0.22 on platforms including Binance, Coinbase, and Upbit, briefly spiking toward $0.225 before heavy selling took over. By May 2, at 4 p.m. ET, $MEGA was trading near $0.138, down -12% to -14% in the prior 24 hours, with a market cap of roughly $155 million to $157 million and a fully diluted valuation ( FDV) around $1.38 billion.  The 24-hour trading volume remains elevated at $109 million to $160 million, a figure high relative to the circulating market cap. That ratio signals active participation, though most of the volume reflects sellers finding exits rather than buyers building positions.  MegaETH is a high-performance Ethereum layer-two (

05-03

Kraken parent Payward closes Bitnomial deal to expand US crypto derivatives

Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States.  The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow.  Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages, to access US-regulated derivatives through the companys infrastructure platform.  The “definitive agreement” to acquire the company was first announced on April 17, when Payward said it would use Bitnomials Commodity Futures Trading Commission (CFTC) licenses to expand regulated crypto derivatives offerings in the US.  According to Paywards initial announcement, Bitnomial is the first crypto-native company in the US to hold licenses for exchange, clearing and brokerage functions under the CFTC.  Crypto derivatives markets expand as US platforms build offerings  Crypto derivatives, including futures and options tied to assets such as Bitcoin (BTC), account for a majority of digital asset trading volumes, with a significant share of activity taking place on offshore platforms.  US regulators have acknowledged this

05-03

Japan has moved to save the yen again, and Bitcoin traders may pay the price

Japan reportedly stepped into the currency market with roughly $35 billion of yen buying, sending the dollar down nearly 3% to 155.5.  Bank of Japan (BOJ) money-market data imply that size is accurate. Once the Ministry of Finances monthly release confirms it, this would rank as Japans first official yen-support action in almost two years and the second-largest on record.  The BOJs own April outlook projects CPI excluding fresh food at 2.5% to 3.0% in fiscal 2026, and economists expect inflation to re-accelerate as oil and yen weakness amplify import costs.  The numbers show that 95% of Japans crude oil flows through the Strait of Hormuz, and the BOJs baseline scenario assumes Dubai crude will trend toward $70-$80, with no major supply disruption.  Tokyos political tolerance for importing inflation while the yen slides has limits, and those limits were broken this week.  USD/JPY peaked at 160.7 on April 29 before Japans reported $35 billion intervention drove the pair down to 155.5.  The BOJ held its policy rate at 0.75% on Apr. 28, with three board members dissenting and arguing for a 1% rate. The Fed also held its policy rate at 3.50%-3.75% on Apr. 29.  That short-rate reality of roughly 275 to 300 basis points is the

05-03

Can Morgan Stanleys $104 mln Bitcoin buy help BTC reclaim $80K?

With Bitcoin holding above $70k for almost a month, investors, both whales and institutions, are becoming increasingly optimistic.  As a result, these players have increased their accumulation. For starters, Onchain Lens reported that a newly created wallet withdrew 1,051 $BTC, worth $82.37 million, from Binance.  Source: Onchain Lens  This whale purchased Bitcoin [$BTC] and moved it into private custody, signaling an intention to hold for the long term.  Such market behavior signaled conviction, as the whale perceived the market as still undervaluing $BTC and believed further gains were likely.  On top of that, Morgan Stanley has continued with its buying spree. According to Onchain Lens, the bank purchased 286.7 $BTC for $22.48 million. With the recent purchase, Morgan Stanleys $BTC holdings climbed to 2620 $BTC worth $204.7 million.  Morgan Stanleys continued accumulation shows growing trust and confidence in the digital asset from Wall Street. In total, these two entities purchased 1337.7 $BTC worth approximately $104.85 million.  Institutions are aggressively accumulating $BTC  In addition to Morgan Stanley, which is actively involved, U.S. investors across the board are piling in. In fact, the Coinbase Premium Index, after being negative for four consecutive days, turned positive again.  Source: CryptoQuant  At press time, the metric sat around 0.003, while the Premium Gap was 2.9.

05-02

Ethereum Price Analysis: Is ETH Doomed in May as Key Metric Turns Negative?

Ethereum is opening May at around $2.3k, having spent the final week of April consolidating below the $2.4k resistance zone that has now rejected the price on multiple occasions. With the Coinbase Premium Index turning negative precisely as the asset stalled at resistance, the question entering the new month is whether US institutional demand has genuinely returned, or simply made a brief appearance before retreating again.  Ethereum Price Analysis: The Daily Chart  The ascending white channel from the February low remains the dominant structure on the daily chart, with its lower boundary tracking near $2k and continuing to provide the foundation for every pullback since March. The asset is currently sitting just above the 100-day moving average located at approximately $2.2k, which has now turned into a dynamic support.  The RSI has also faded from its mid-April peaks near to roughly 50, mirroring the pattern seen across the broader market as the April recovery momentum runs out of steam.  The structural picture has not broken down, but it has not progressed either. A daily close above the $2.4k supply zone remains the single requirement for the bullish thesis to regain credibility, opening the path toward the critical $2.8k area and the 200-day moving average

05-02

Bitcoin doesnt need a fresh narrative to reclaim $100K: Analyst

Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe.  “There doesnt need to be a narrative that pushes the price upwards,” van de Poppe said in an X post on Friday, after asking, “What narrative will bring Bitcoin to $100K?”  “Price moves upwards, and the narrative will create itself,” van de Poppe said, adding:  “Thats why simply using math, statistics, and logic is required in order to succeed, and thats why these regions on Bitcoin are still good for accumulation.”  Van de Poppe pointed out that attention has rotated elsewhere in the technology industry, with AI and other sectors “taking the spotlight” away from Bitcoin in recent months. At the time of market close on Friday, the stock price of Nvidia (NVDA), the largest AI stock by market capitalization, is up 5.08% since Jan. 1, while Bitcoin (BTC) is down around 10% over the same period.  Bitcoin hasnt traded above $100,000 in almost five months  The last time Bitcoin traded at $100,000 was Nov. 13, just a month after the Oct. 10 $19 billion crypto market liquidation event,

05-02

Crypto, tech, and software stocks rose as the S&P 500 and Nasdaq closed at record highs

Crypto, tech, and software stocks are rallying today because traders are buying growth names again while the S&P 500 and Nasdaq Composite sit at record levels. The S&P 500 rose 0.29% to 7,230.12 after touching a fresh all-time intraday high.  The Nasdaq Composite gained 0.89% and closed at 25,114.44, also at a record. The Dow Jones Industrial Average went the other way, falling 0.31%, or 152.87 points, to 49,499.27. Apple (AAPL) helped push the wider market higher, while lower oil prices gave traders one less headache at the start of the new trading month.  Donald Trump had said on Truth Social that he would raise tariffs on European cars and trucks:  “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%.”  Trump also wrote, “It is fully understood and agreed that, if they produce Cars and Trucks in the U.S.A. Plants, there will be NO TARIFF.” Stellantis (STLA) fell more than 2% after the post, while Ferrari (RACE) lost nearly 1.5%.  Tech traders buy software stocks as the sector beats

05-02

Tether profit hits $1.04B with record $8.23B reserves

Tether posted $1.04 billion in Q1 2026 net profit and a record Tether profit reserve buffer of $8.23 billion, backed primarily by $141 billion in US Treasuries, in a quarterly attestation published May 1 by accounting firm BDO, its most detailed financial disclosure to date.Tether profit of $1.04 billion in Q1 represents a buffer growth of 47% year on year, with excess reserves rising from $5.6 billion in Q1 2025 to $8.23 billion in Q1 2026 and total assets reaching $191.77 billion against $183.54 billion in liabilities.The $141 billion US Treasuries position makes Tether the 17th-largest holder of American government debt globally, with $20 billion in physical gold and $7 billion in Bitcoin rounding out the reserve base.A formal KPMG audit commenced in March 2026, moving Tether toward a full Big Four audit for the first time after years of relying on attestations from BDO and a previous Italian accounting firm.  Tether profit and reserve figures were published in the company‘s Q1 2026 attestation on May 1. The official Tether press release confirmed that the attestation was prepared by BDO and showed a net profit of approximately $1.04 billion and an excess reserve buffer of $8.23 billion. “Our responsibility is to

05-02

Arbitrum DAO Votes Its Kelp ETH for AAVE-Led DeFi United

Arbitrum DAO is discussing releasing the 30.766 ETH transferred by the Kelp DAO attacker to an Arbitrum One address to the DeFi United initiative through a vote by ARB token holders. The vote received strong ‘yes’ support with 16.9 million ARB in the first hour; no ‘no’ votes and it will continue until May 7. This move aims to redirect the frozen funds to rescue the DeFi ecosystem. The Arbitrum Security Council‘s quick intervention reflects the community’s urgent response. Suspicion that the attacker is linked to North Koreas Lazarus Group heightens the criticality of the incident.  Arbitrum DAO Kelp DAO Attack and ETH Freezing Process  On April 20, the Council locked 71.1 million dollars worth of ETH to limit the attack. Funds were transferred to the 0x0000000000000000000000000000000000000DA0 address; DAO approval required. Hackers withdrew 18% of Kelps rsETH (292 million dollars) and transferred it to AAVE Detailed Analysis, Compound, and Euler, creating 236 million dollars in debt. Protocols paused contracts; the Council used emergency powers with a 12/9 vote. Some criticized centralization, while others defended the ecosystem mandate.  DeFi United Solidarity Led by AAVE  DeFi United was established under Aave‘s leadership and collected 311 million dollars in ETH/stablecoin. If approved, Arbitrum will make the largest

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