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Bitcoin’s $437 Billion Quantum Exposure Meets IBM’s 2028 Deadline
- IBM CEO Arvind Krishna expects quantum computing to affect earnings by 2028 or 2029.
- Google research cut the qubits needed to break Bitcoin's encryption roughly 20-fold.
- Nine institutions formed the Bitcoin Security Consortium with $15 million in pledges.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Fake XRP Staking Scheme Stole $19 Million: Three Suspects Arrested
- Seoul police arrested three suspects behind a fake XRP staking scheme worth $19 million.
- The fraudulent site promised monthly returns of between 1.5% and 1.8% for staking XRP tokens.
- XRP trades at nearly four times Bitcoin's volume across South Korea's leading exchanges
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Anthropic Finds Claude Gained Unauthorized Access to 3 Organizations’ Systems
- Claude models gained unauthorized access to 3 organizations' real systems during tests.
- One model published a malicious PyPI package that ran on 15 real systems.
- Anthropic reviewed 141,006 runs after OpenAI's models hit Hugging Face.
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SK Hynix Trader Turns $2.26M Loss Into $6.44M Profit on Earnings Spike
- Whale 0xC8b5 opened a 3x long on 37,229 SKHX just before SK Hynix's Q2 earnings.
- The bet swung from a $778K gain to a $2.26M loss within a day.
- A sharp stock rebound has now pushed the trade to a $6.44M profit.
BoJ Holds Rates at 1%: Will Japan’s Yen Intervention Hold?
- Japan confirmed yen-buying intervention Thursday, its biggest single-day yen jump since 2023.
- The yen is already weakening again, with USD/JPY back above 160 Friday.
- The BoJ holds rates at 1%, with a possible hike to 1.25% by year-end.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Elon Musk Says 90% of Earth Would Move to Spain: Is He Right?
- Musk says 90% of Earth has a financial reason to move to Spain.
- Thousands crossed from Morocco into Ceuta. Border police said the frontier collapsed.
- He has made the same claim about America many times before.
