- Bitcoin fell to $82,722.62 today, roughly flat against last week’s level.
- Researcher Justin Drake warns ECDSA could be cracked within months.
- The US government wallet moved $670 million in crypto to Coinbase Prime.
The global crypto market cap fell 0.9% to $2.93 trillion over the past 24 hours.Bitcoin traded at $82,722.62, down 1.6% on the day though roughly flat on the week at 0.4%, after briefly falling to $83,900.
Ethereum changed hands at $2,565.64, down 3.1% in 24 hours but up 4.1% over seven days. BNB fell 0.3% to $769.45. XRP dropped 3.6% to $1.42, up 4.3% over the week. Solana fell 2.2% to $115.72. Zcash fell 0.6% to $1,297.55, still up 7.2% on the week.
Trending Searches
Quantus led trending searches, up 46.4% to $138.43. Pons followed, up 10.0% to $0.4273, and STONK fell 18.3% to $0.1654. Among top gainers, GRX Chain surged 62.1% to $21.17, Meteora climbed 49.5% to $0.4762, and Quantum Resistant Ledger rose 42.4% to $1.23.
Cryptography Researchers Sound Quantum and AI Alarm
Cryptography researcher Justin Drake warned that ECDSA, the signature scheme securing most crypto wallets, could be cracked by classical algorithms before quantum computing reaches “Q-Day,” potentially within months rather than years, with AI-accelerated mathematics driving the breakthrough risk.
He advised large holders to migrate funds to new addresses whose public keys remain hidden behind hashes, and recommended signing from a fresh address after each subsequent transaction.
Vitalik Buterin echoed the concern but warned against rushing migrations, saying that losses from misconfiguration or hasty upgrades are a real risk, and that the ideal multisig practice is rotating keys after every operation while collecting signatures off-chain to minimize exposure.
Europol released two reports flagging crypto wallets as the “main exposure point” for quantum attacks, since exposed public keys could let attackers derive private keys once sufficiently powerful quantum computers exist.
US Government Wallet Activity Accelerates
A US government-linked address transferred a cumulative $670 million in crypto assets to Coinbase Prime over 32 hours, including 6,215.7 BTC worth $520 million, 119 million USDT, and 40,285 BNB worth $31.63 million. The address still holds an estimated $28 billion in crypto assets, primarily Bitcoin.
Bond Market Stress Intensifies
The 30-year Treasury yield rose above 5.7%, its highest level since 2002, while the 10-year yield climbed to 5.33%. Fed meeting minutes showed all officials supported September’s 25 basis point hike, with most viewing one more increase before year-end as likely appropriate; some officials said AI infrastructure spending could push aggregate demand above aggregate supply in the medium term.
The New York Fed’s September survey showed US consumers’ one-year inflation expectations rose to 3.9%, the highest in over three years.
Related: US 30-Year Treasury Yield Hits 5.7%: What Does It Mean for Stocks, Bitcoin and Gold?
TOKEN2049 Singapore Highlights
Tom Lee, chairman of Bitmine and head of research at Fundstrat, said at the conference that the crypto market is “already two days past the bottom” and could be entering one of the biggest bull markets he’s seen, citing institutional tokenization, generational wealth transfer, treasury company demand, and AI agent payments as drivers; he confirmed Bitmine will cap its ETH holdings at 5% of total supply.
Hyperliquid founder Jeff Yan said options trading will be the platform’s next major product focus. Polymarket CEO Shayne Coplan called chasing 100x token returns “irrational exuberance.”
Corporate and Funding News
Related: Ethereum Researcher Urges Crypto Holders to Prepare for ECDSA Risk
Nvidia-backed cloud provider Lambda is seeking to raise up to $4 billion in its final pre-IPO funding round at a $14.5 trillion valuation, led by Coatue Management and Blackstone, with its order backlog growing from $15 billion in June to $50 billion by September, driven substantially by a $35 billion order from Anthropic.
Samsung Electronics posted preliminary Q3 operating profit of 107.4 trillion won, up nearly eightfold year-over-year and a record for the fourth consecutive quarter, driven by AI chip demand.
Hunter Biden Responds to LAPTOP Token Fallout
Hunter Biden released findings from an independent investigation into his LAPTOP meme coin’s launch collapse, denying that the team cashed out and stating founder tokens remain untouched in their original wallet.
The investigation found a market maker contributed only about $5,200 and under 30,000 tokens to the liquidity pool, representing just 0.003% of total supply, which drove the price from $0.05 to roughly $317 in under two minutes before it collapsed 98% within an hour.
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