9 Jun 2025, 13:18

Saylor Mocks Quantum Threat as a Scheme to Sell Tokens

Speaking on CNBC, Saylor said major tech companies like Google or Microsoft would never unleash quantum technology recklessly, as it would endanger the global digital infrastructure, including their own businesses. He added that Bitcoin is capable of upgrading its cryptographic systems if the need arises. While research firm Project Eleven warns millions of Bitcoin could be vulnerable if quantum computing advances, current machines are far from meeting the required qubit threshold. Meanwhile, Saylor continues his bullish stance, and recently teased Strategy’s ninth straight week of Bitcoin accumulation. The announcement was made after a $75 million BTC purchase and a $1 billion preferred stock offering to fund even more buys. Similarly, Europe’s Blockchain Group is planning to raise $342 million to grow its BTC treasury. Quantum Threat to Bitcoin Is Just Marketing Hype? Bitcoin bull and Strategy executive chairman Michael Saylor dismissed the growing concerns about quantum computing’s potential threat to Bitcoin, and labeled it a marketing tactic that is designed to promote quantum-themed tokens. In a June 6 appearance on CNBC’s “Squawk Box,” Saylor stated bluntly that fears surrounding quantum computing’s ability to break Bitcoin’s cryptographic defenses are overblown and largely propagated by those who want to profit off hype. “It’s mainly marketing from people that want to sell you the next quantum yo-yo token,” he said. The crypto community has long speculated about whether future advances in quantum computing could undermine Bitcoin’s security by cracking its elliptic curve cryptography ( ECC ). Quantum research firm Project Eleven even warned that more than 10 million Bitcoin addresses with exposed public keys—and potentially over 6 million BTC—could be vulnerable if such computing power becomes a reality. Still, Saylor insists that if quantum computing ever evolves to the point of being a genuine threat, it wouldn’t be used recklessly. He argued that technology giants like Google or Microsoft will never release such a machine, as doing so could destabilize the global digital infrastructure, including their own businesses and even the US government. “Google and Microsoft aren’t going to sell you a computer that cracks modern cryptography,” he said, mainly due to the widespread damage that would ensue. In the hypothetical scenario where quantum machines do pose a real risk, Saylor believes the Bitcoin network will adapt, just as any modern digital system does. He also explained that Bitcoin’s open-source infrastructure allows for software and hardware upgrades, much like updates seen regularly across Microsoft, Google, and government systems. For now, quantum hardware is still far from capable of breaking Bitcoin’s ECC. Project Eleven estimates that roughly 2,000 error-corrected, or “logical,” qubits will be needed to crack a 256-bit Bitcoin key. IBM’s Heron chip and Google’s Willow currently only support 156 and 105 qubits respectively. Despite this, Project Eleven recently launched a “Q-Day Prize” competition to test how close the quantum threat really is. For now, Saylor believes that the bigger risk to Bitcoin holders is not quantum computing but phishing attacks. Strategy Nears Ninth Straight Week of Bitcoin Buys Michael Saylor’s confidence in Bitcoin is still very clear as he once again stirred speculation in the Bitcoin community after posting “Send more Orange” on X, alongside a chart of the company’s Bitcoin holdings. Saylor’s June 8 post led many to believe that yet another BTC purchase may be imminent. If confirmed, it will be the ninth consecutive week of Bitcoin accumulation by Strategy. The post was made after the company’s recent purchase of 705 BTC between May 26 and June 1, at an average price of $106,495 per coin. This $75 million acquisition pushed the firm’s total Bitcoin holdings to 580,955 BTC, which is valued at roughly $61.4 billion. According to data from SaylorTracker , the company has seen a return of approximately 50% on its investment. In tandem with the social media post, Strategy announced an expansion of its capital-raising efforts through a $1 billion stock offering . This move upsizes the previously announced $250 million raise. The company plans to sell 11.76 million shares of its 10.00% Series A Perpetual Stride Preferred Stock at $85 per share, with anticipated net proceeds of around $979 million after deducting underwriting and other associated costs. The preferred stock carries non-cumulative 10% dividends, and is designed to attract institutional and professional investors who are looking for yield while also making it possible for Strategy to expand its Bitcoin treasury. Strategy cemented itself as the largest known holder of Bitcoin globally, with more BTC in its possession than the United States and China combined. Its massive holdings are nearly twelve times bigger than those of the next-largest holder, Bitcoin miner Mara Holdings. As a result, many investors now vsee Strategy as a de facto Bitcoin holding company, serving as a proxy for institutional exposure to the cryptocurrency. Top Bitcoin holders (Source: BitcoinTreasuries.NET ) Blockchain Group Pushes Bitcoin Bet Paris-based cryptocurrency firm The Blockchain Group also has high expectations for Bitcoin, and announced plans to raise more than $340 million to expand its Bitcoin treasury. According to a June 10 news release , the company is seeking to raise 300 million euros, or approximately $342 million, by using a structure inspired by the US-style “At the Market” (ATM) offering. This model allows shares to be sold under market conditions set by a counterpart in a pre-agreed volume framework. The capital raise will take place in tranches, with pricing determined by the higher of either the previous day's closing price or the volume-weighted average price, capped at 21% of that day’s trading volume. This announcement was made after the company’s recent acquisition of $68 million worth of Bitcoin, bringing its total holdings to 1,471 BTC. The Blockchain Group is Europe’s first dedicated Bitcoin treasury company, and appears to be following the footsteps of major US players like Michael Saylor’s Strategy. With more than $61 billion in Bitcoin on its balance sheet, Strategy holds about 2.76% of the total circulating BTC supply. These large-scale treasury allocations are playing an increasingly central role in sustaining Bitcoin’s long-term bullish narrative, even as the asset consolidates after its record high of $112,000 that was reached on May 22. According to Nexo’s Stella Zlatareva , institutional purchases and infrastructure investment are strong signals of enduring confidence, despite the recent short-term volatility. Bitcoin’s recent bounce from the $103,000 support level further proves that there is market resilience, with no widespread signs of forced selling or deleveraging. Bitcoin ETF flow (Source: Farside Investors ) However, the US-listed spot Bitcoin ETFs faced renewed outflows . Data from Farside Investors showed that these ETFs recorded $47 million in outflows on Friday after a painful $278 million outflow the previous day.

9 Jun 2025, 13:13

Major Announcement Concerning All Shiba Inu (SHIB) Users: Details

TL;DR Precision liquidity pools, multi-source staking rewards, and real-time on-chain token burns are among the new features of Shibarium. The protocol’s advancements are seen as vital for Shiba Inu’s ecosystem growth, with some experts suggesting it could reignite SHIB’s rally if adoption improves. The ‘Total Upgrade’ LUCIE, the pseudonymous marketing strategist of Shibarium, took it to X to disclose the latest improvements surrounding the layer-2 scaling solution. “This isn’t a cosmetic refresh. It’s a total upgrade to the engine that powers how you earn, trade, and burn inside the ecosystem,” the disclosure starts. Specifically, LUCIE explained that precision liquidity pools are live following the development. Liquidity providers can now choose exactly where to provide liquidity and target specific zones. The X user also revealed that individuals who stake tokens are enabled to earn from multiple sources simultaneously. “It’s compounding without the micromanagement. Keep it up all in one spot and let the rewards stack up,” they added. Perhaps the biggest improvement after the upgrade is related to the burning program. LUCIE unveiled that users will no longer need to wait for announcements to burn tokens as they will happen on-chain , in real-time. Subsequently, Shibarium’s lead said all major tools now run together “smoothly,” sharing five valuable tips for “real users:” “Lock LPs into price ranges for better APY. Combine rewards across protocols. Exit and re-enter LP zones without losing gains. Burn as you go. Stay agile when the market moves.” Shibarium’s Revival Shiba Inu’s layer-2 blockchain solution plays a vital role in Shiba Inu’s overall ecosystem growth. It officially came into existence in August 2023, aiming to reduce transaction costs, improve speed, and enhance scalability. Shibarium’s advancement is touted by some industry participants as a main factor that could give SHIB a boost for a renewed rally. Not long ago, the Bitcoin advocate Jeremie Davinci said: “I like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically , it’s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet . If they get that solved, Shiba Inu will go to the moon.” Towards the end of May, the number of daily transactions processed on the protocol sharply collapsed . Nonetheless, over the weekend, there was a significant resurgence , and the figure is back in the millions. The post Major Announcement Concerning All Shiba Inu (SHIB) Users: Details appeared first on CryptoPotato .

9 Jun 2025, 13:00

The Blockchain Group to Raise $340M for Bitcoin Treasury Expansion

French crypto firm The Blockchain Group is taking bold steps to expand its Bitcoin holdings, announcing plans to raise over $340 million in capital for its treasury. According to a June 9 press release, the Paris-based company will raise around $342 million using a method inspired by U.S. “At-the-Market” (ATM) offerings. The ATM-style raise allows shares to be sold based on market demand, with pricing determined by the higher of the previous day’s closing price or the volume-weighted average price, subject to a cap of 21% of daily trading volume. The capital will be raised in tranches, providing flexibility and scalability to fund strategic Bitcoin purchases. This announcement closely follows the firm’s recent $68 million acquisition of BTC , which boosted its total holdings to 1,471 Bitcoin—valued at over $154 million at current prices. Institutional Momentum Grows Across Borders The Blockchain Group is not alone in aggressively adding Bitcoin to its balance sheet. Michael Saylor’s Strategy recently increased its planned raise to nearly $1 billion to continue its Bitcoin buying spree. Strategy remains the world’s largest corporate Bitcoin holder, with over $61 billion in Bitcoin, amounting to 2.76% of all coins in circulation, according to Bitbo data. The trend reflects a shift in how institutions view Bitcoin—not just as a speculative asset, but as a long-term treasury reserve. Firms are embracing BTC as a hedge against macroeconomic uncertainty and as part of a broader diversification strategy. With Europe stepping into this narrative, the region could emerge as a major player in shaping the future of institutional crypto adoption. Bitcoin Outlook Remains Bullish Despite ETF Outflows Despite a recent cooldown in price following its record-breaking $112,000 all-time high on May 22, Bitcoin continues to show strength. The cryptocurrency rebounded firmly from the $103,000 support level, with no signs of panic selling or forced liquidations, according to Nexo’s Stella Zlatareva. She emphasized that strategic treasury buys and long-term corporate accumulation signal enduring institutional confidence. While U.S.-based Bitcoin ETFs recorded over $47 million in outflows on June 6, following $278 million in redemptions the day prior, long-term sentiment remains anchored in treasury-based buying. With companies like The Blockchain Group leading the charge, Bitcoin’s narrative as a corporate reserve asset continues to grow stronger, defying short-term market fluctuations. The post The Blockchain Group to Raise $340M for Bitcoin Treasury Expansion appeared first on TheCoinrise.com .

9 Jun 2025, 12:52

Tether mints $1b USDT on Tron: liquidity flood incoming?

Just months after its previous major mint event, Tether has once again minted a significant amount of tokens, likely in anticipation of increased demand. A recent move suggests Tether is preparing for a new wave of liquidity. On Monday, June 9, Tether minted $1 billion USDT on the Tron (TRX) blockchain, according to several blockchain analysts . This represents a sizable liquidity injection, even for the world’s largest stablecoin. Notably, the $1 billion mint accounts for more than 1% of all USDT supply on Tron, the blockchain that hosts the majority of USDT tokens. Currently, USDT supply on Tron stands at $76 billion, followed by Ethereum (ETH) with $63.2 billion. Tether’s total circulating supply is 156 billion. You might also like: Tether CEO denies reports as US probes and weighs sanctions Tether’s move is seen as a bullish signal by many traders. Historically, the stablecoin issuer mints USDT in anticipation of future demand for liquidity. While the freshly minted tokens have not yet entered circulation, their creation suggests that Tether expects rising demand and increased trading volume in the near term. This behavior has led to a recurring pattern: USDT issuance often coincides with bullish momentum across the crypto market. Tether’s last major mint occurred on May 21, when it issued 2 billion USDT on Tron. Just one day later, Bitcoin rose to its all-time high of $111,000. You might also like: Tether seeks involvement in U.S. stablecoin regulations Tether dismisses calls for IPO Tether remains a private company and is one of the largest for-profit entities in the crypto industry. Notably, analyst Jon Ma estimated that a Tether IPO would value the company at $515 billion. However, CEO Paolo Ardoino dismissed the idea, stating there is no need for the company to go public. Still, listing publicly would bring greater financial transparency—an area where Tether has faced longstanding criticism. Most recently, proposed U.S. stablecoin regulation has raised concerns that Tether could be pushed out of the market unless it adjusts its approach to disclosures. You might also like: Bitcoin price stalls as spot ETFs bleed for second week

9 Jun 2025, 12:51

Ripple Co-Founder States What Must Happen Before XRP Can Serve 7.5 Billion People

In a recent statement that rekindled a long-standing vision for XRP , prominent XRP community advocate and researcher Cobb brought renewed attention to a crucial assertion made by Ripple’s elusive co-founder, Arthur Britto. Referencing Britto’s documented words from as far back as June 4, 2017, Cobb reiterated that “XRP must be scalable to serve 7.5 billion people.” While simple in form, this declaration encapsulates one of the most ambitious technological and financial undertakings ever associated with a digital asset. The resurfacing of Britto’s remark invites a deeper examination of what this vision entails, the hurdles that remain, and the roadmap that could enable XRP to evolve into a truly global, scalable medium for value transfer. Cobb’s commentary not only underscores the magnitude of this goal but also brings into focus Ripple’s broader mission and the infrastructure improvements still required before XRP can function at the scale envisioned. XRP must be scalable to serve 7.5 billion people https://t.co/TOePtVwYWm — Cobb (@Cobb_XRPL) June 8, 2025 The Vision Behind XRP’s Creation Arthur Britto, a co-founder of Ripple Labs and one of the lesser-known but critical figures behind the creation of the XRP Ledger (XRPL), has maintained a low public profile. Yet his statement on scalability has lingered in the XRP community as a guiding principle. It emphasizes the intent behind XRP’s design, not merely as a digital currency but as a global liquidity solution capable of supporting the entire planet’s population. XRP aims to address major pain points in the global financial system, including slow transaction settlements, high costs, and limited interoperability between financial institutions. Ripple’s core innovation lies in the XRP Ledger, a decentralized, high-throughput blockchain with low transaction costs and near-instant settlement. At its best, XRP can process 1,500 transactions per second (TPS), with scalability potential into the tens of thousands through proposed enhancements. However, as Cobb pointed out, the original goal to serve 7.5 billion people is far from symbolic. It represents a quantifiable scalability benchmark, a future state where XRP becomes the backbone of value exchange across a hyperconnected, globalized economy. What Must Happen: Beyond the Ledger’s Current Capabilities While XRP’s speed and efficiency are well recognized, achieving global-scale adoption requires more than raw throughput. As Britto alluded to, and Cobb reiterates, the focus must shift to structural scalability, encompassing interoperability, regulatory integration, infrastructure expansion, and sustained decentralization. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 One key component is the ongoing evolution of the XRP Ledger itself. The XRPL is actively being enhanced to support smart contracts and interoperability through sidechains and layer-2 solutions. Ripple’s notable collaboration with Peersyst Technology on an EVM sidechain seeks to integrate XRP with the broader DeFi ecosystem. This kind of expansion is essential for driving adoption across both retail and institutional sectors. Another critical area is liquidity. For XRP to be utilized at a population-wide scale, its liquidity must deepen significantly. Ripple’s On-Demand Liquidity (ODL) solution, which uses XRP as a bridge currency, is currently operational in multiple corridors. However, to accommodate 7.5 billion users, ODL must expand to all significant fiat pairs, including those in emerging markets and unbanked regions. Liquidity provisioning, market-making, and regulatory greenlights are pivotal steps on this path. Moreover, scalability isn’t solely a technical hurdle. It also depends on user experience, wallet adoption, accessibility, and integration with central bank digital currencies (CBDCs) and retail payment systems. Ripple’s push toward enterprise blockchain adoption, including work with monetary authorities and financial institutions, plays a vital role in laying the groundwork. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple Co-Founder States What Must Happen Before XRP Can Serve 7.5 Billion People appeared first on Times Tabloid .

9 Jun 2025, 12:46

Ethereum No Longer Just Hype, Moving to Real-World Use, Says Bernstein Analyst

The post Ethereum No Longer Just Hype, Moving to Real-World Use, Says Bernstein Analyst appeared first on Coinpedia Fintech News Ethereum, the world’s second-largest cryptocurrency, seems to be at a turning point. While Bitcoin still grabs most of the headlines, some experts believe that Ethereum is quietly stepping into the spotlight. Analysts at Bernstein believe Ethereum is no longer just a playground for speculation but is starting to show real-world value as financial activity on blockchain networks grows. Bitcoin Remains Strong, But Ethereum’s Role Expands For years, Bitcoin has been the poster child of digital money, and it’s not slowing down. In fact, analysts at Bernstein expect it to reach a whopping $200,000 this cycle, a figure they still call conservative. But analysts say there’s more to watch in crypto now, with Ethereum playing a bigger role. Unlike Bitcoin, which is mostly seen as a digital store of value, Ethereum acts as a “decentralized computer,” hosting stablecoins and tokenized assets. It’s already the main blockchain for stablecoin transactions and new financial experiments, which could be a sign of things to come. Ethereum ETFs Gaining Investor Attention So far, Ethereum’s U.S. spot ETFs haven’t gotten the same attention as Bitcoin’s. Since launching in July, they’ve gathered about $9 billion, compared to Bitcoin ETFs’ $120 billion. However, in the past three weeks alone, ETH ETFs have seen $815 million in new money, suggesting that interest is picking up. The growing flow of investment is seen as a signal that more investors are taking Ethereum seriously. Analysts believe this could be the early stage of a major shift for the crypto market. Real Companies Turn to Ethereum Meanwhile, Bernstein points out that major payment giants like Visa and Mastercard are already working on projects that use stablecoins running on Ethereum’s blockchain. Even big names in crypto, like Coinbase and Robinhood, are building services on Ethereum rather than just offering trading. The analysts argue that if companies and financial institutions are using blockchain technology, Ethereum, as the main network powering these activities, should benefit in the long run. Hype to Real Financial Tools Experts say this moment marks a change in how people see crypto. Ethereum is no longer just for speculation. It’s becoming part of how payments, investing, and financial products might work in the future.