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Daily Brief

Bitcoin's Quantum Question

gm Bankless Nation, Crypto markets took a serious hit today as the majors briefly dipped below key markers.
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Jan 13, 20253 min read
Bitcoin's Quantum Question
Published on Jan 13, 2025
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Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

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NEED TO KNOW
Leveling Down
  1. 🧮 Will Quantum Computing Topple BTC? On the Bankless podcast, we dig into questions about the quantum doomsday for Bitcoin.
  2. 👨‍⚖️ US Court Orders SEC to Explain Coinbase Denial. Coinbase petitioned the SEC for crypto-specific rules, the SEC denied the petition but now an appeals court says they have to fess up on why.
  3. 💸 MicroStrategy Loads Up on 2,530 BTC. The public tech giant now holds 450,000 BTC with this latest buy.
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Daily Market Snapshot: ETH fell below $3,000 and BTC dropped below $90K briefly Monday in a move that brought a number of altcoins plunging as well. Meanwhile, stock market indices trended upwards, providing some Wall Street relief after a rough week.
Prices as of 8pm ET 24hr 7d
Crypto $3.27T ↘ 2.3% ↘ 8.9%
BTC $94,494 ↘ 1.0% ↘ 7.6%
ETH $3,133 ↘ 5.4% ↘ 15.0%
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TACTIC
Protecting Your Coins from Physical Disaster
Bankless Author: Kazu Umemoto

This week's continued tragic fires in Los Angeles have highlighted a unique problem faced by many who choose to self-custody their crypto – the physical destruction and loss of hardware wallets and backup keys.

The reality is, many crypto users keep their hardware wallets and recovery seeds at home because that is the most practical place for them to keep them. However, many users don’t think about how this strategy could be impacted when disaster strikes. 

See the options you have 👇


FRIEND & SPONSOR: UNISWAP

Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.

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LATEST POD
Will Quantum Computing Kill Bitcoin?

Is Bitcoin's future in jeopardy?

Quantum computing is advancing rapidly, raising significant questions for cryptography and blockchains. In this episode, Scott Aaronson, quantum computing expert, and Justin Drake, cryptography researcher at the Ethereum Foundation, join us to explore the impact of quantum advancements on Bitcoin, Ethereum, and the future of crypto security.

Are your coins safe? How soon do we need post-quantum cryptography? Tune in as we navigate this complex, fascinating frontier.

Listen along below 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.