hodler

1 May 2026, 09:25

Riot Blockchain Q1 Revenue Surges to $167M as Data Center Business Powers Growth

BitcoinWorld Riot Blockchain Q1 Revenue Surges to $167M as Data Center Business Powers Growth Riot Blockchain Q1 revenue reached $167 million, marking a significant milestone for the cryptocurrency mining giant. The company’s newly launched data center business contributed $33.2 million in its first quarter of operation. This expansion signals a strategic shift beyond pure Bitcoin mining. Riot Blockchain Q1 Revenue Breakdown and Mining Performance During the first quarter of 2026, Riot Blockchain mined 1,473 bitcoins. The average cost to produce each coin stood at approximately $44,600. This cost includes energy, equipment, and operational expenses. The company’s total revenue of $167 million reflects both mining output and new service income. The data center business generated $33.2 million in its debut quarter. This segment provides high-performance computing infrastructure to external clients. It diversifies Riot’s revenue streams and reduces reliance on Bitcoin price volatility. Riot currently holds about 15,679 bitcoins on its balance sheet. This reserve provides a strong financial buffer. It also positions the company for future growth opportunities. Impact of AMD Option Exercise on Mining Capacity A key development during the quarter involved partner AMD. The chipmaker exercised options that increased Riot’s contracted hashrate capacity to 50 megawatts (MW). This expansion boosts the company’s mining power significantly. Hashrate represents the computational power used to mine Bitcoin. Higher hashrate means more chances to solve blocks and earn rewards. The 50 MW addition strengthens Riot’s competitive position in the industry. This partnership with AMD also highlights Riot’s focus on efficient hardware. Using advanced chips reduces energy consumption per Bitcoin mined. Lower costs improve profitability even when Bitcoin prices fluctuate. Strategic Shift: From Pure Mining to Diversified Infrastructure Riot’s move into data center services reflects a broader industry trend. Many mining firms now offer hosting and computing services. This strategy creates recurring revenue streams that are less dependent on crypto markets. The data center business targets clients needing high-performance computing. These include artificial intelligence companies, research institutions, and financial firms. The demand for such services continues to grow globally. Riot’s existing infrastructure, including power contracts and cooling systems, supports this expansion. The company leverages its expertise in energy management to attract new customers. This approach maximizes the value of its physical assets. Financial Health and Bitcoin Holdings Analysis Riot’s bitcoin holdings of 15,679 coins represent substantial value. At current market prices, this reserve is worth hundreds of millions of dollars. The company has accumulated these coins through mining and strategic purchases. Holding bitcoin on the balance sheet provides several advantages. It acts as a hedge against inflation. It also signals confidence in the long-term value of cryptocurrency. However, this strategy carries risks. Bitcoin price drops can significantly impact the company’s net worth. Riot manages this risk by regularly reviewing its treasury policy. The average mining cost of $44,600 per bitcoin is competitive. Many miners face higher costs due to rising energy prices. Riot’s efficiency gives it a margin of safety during market downturns. Market Context and Competitive Landscape Riot operates in a highly competitive environment. Other major miners include Marathon Digital, CleanSpark, and Bitfarms. Each company pursues different strategies for growth and profitability. The Bitcoin halving event in 2024 reduced mining rewards by half. This event increased the importance of operational efficiency. Miners with lower costs and diversified revenue streams have an advantage. Riot’s Q1 results show resilience in this challenging environment. The company’s revenue growth outpaces many competitors. Its data center business provides a unique differentiator. Industry analysts view Riot’s strategy favorably. The combination of mining and infrastructure services creates a balanced business model. This approach appeals to investors seeking exposure to both crypto and tech sectors. Regulatory and Energy Considerations Cryptocurrency mining faces increasing regulatory scrutiny. Governments worldwide are examining energy consumption and environmental impacts. Riot addresses these concerns through renewable energy partnerships. The company uses a mix of power sources, including renewables. This reduces its carbon footprint and regulatory risk. It also improves public perception of the mining industry. Energy costs remain the largest expense for miners. Riot’s strategic location in Texas provides access to low-cost power. The state’s deregulated energy market allows for flexible pricing. Future Outlook and Growth Prospects Riot plans to expand its data center business further. The company aims to add more capacity in the coming quarters. This growth will likely increase revenue from non-mining sources. The company also continues to upgrade its mining fleet. Newer, more efficient machines reduce costs and increase output. These upgrades are essential for maintaining competitiveness. Riot’s large bitcoin holdings provide capital for future investments. The company can sell coins to fund expansion without external financing. This financial flexibility is a key strength. Market conditions remain uncertain. Bitcoin price volatility and regulatory changes could impact performance. However, Riot’s diversified strategy provides a buffer against these risks. Conclusion Riot Blockchain Q1 revenue of $167 million demonstrates the company’s successful transition. The launch of its data center business adds a new growth engine. With 15,679 bitcoins held and a competitive mining cost of $44,600 per coin, Riot is well-positioned for the future. The partnership with AMD and expanded hashrate capacity further strengthen its market standing. Investors and industry observers will watch closely as Riot continues to evolve beyond traditional Bitcoin mining. FAQs Q1: What is Riot Blockchain’s Q1 2026 revenue? A1: Riot Blockchain reported total revenue of $167 million for the first quarter of 2026. This includes $33.2 million from its newly launched data center business. Q2: How many bitcoins did Riot mine in Q1 2026? A2: Riot mined 1,473 bitcoins during the first quarter. The average cost to mine each coin was approximately $44,600. Q3: How many bitcoins does Riot currently hold? A3: Riot holds approximately 15,679 bitcoins on its balance sheet as of the end of Q1 2026. Q4: What is the significance of the AMD option exercise? A4: AMD exercised options that increased Riot’s contracted hashrate capacity to 50 MW. This expands Riot’s mining power and strengthens its partnership with a major chipmaker. Q5: How does the data center business benefit Riot? A5: The data center business diversifies Riot’s revenue streams beyond Bitcoin mining. It provides recurring income from high-performance computing services to external clients. Q6: What are the risks to Riot’s business model? A6: Key risks include Bitcoin price volatility, rising energy costs, regulatory changes, and increased competition from other miners. Riot mitigates these through diversification and efficiency improvements. This post Riot Blockchain Q1 Revenue Surges to $167M as Data Center Business Powers Growth first appeared on BitcoinWorld .

1 May 2026, 09:14

Top 5 Real Yield DeFi Protocols Defining 2026

Real yield is the test that separates protocols paying from external economic activity from those paying from their own token printer. In 2026, that distinction has hardened into a screening criterion. Investors want to know where the yield comes from before they care what it pays. This piece covers the five top real yield protocols that pass the test. The lineup spans perpetual trading (GMX, Hyperliquid, Gains Network), yield tokenization (Pendle), and gold mining production (Ayni Gold). Different categories, different mechanics, all generating returns from sources outside their own emissions. For each entry, the breakdown covers how the yield is generated and what makes the protocol part of the real yield category in 2026. How These Five Protocols Define Real Yield in 2026 The five protocols below share one structural feature. Yield comes from external revenue, not from the protocol minting more of its own token. Past that, the mechanics differ widely. Two pay from perpetual trading fees. One tokenizes yield itself. One runs a perp DEX with shared liquidity vaults. One converts physical gold mining output into on-chain rewards. Each model carries a different risk and scale. 1. GMX (GMX): Perpetual DEX Fees as Yield GMX pioneered the real yield concept in DeFi. The protocol runs a decentralized perpetual exchange across Arbitrum, Avalanche, and Solana, with around $240 million in TVL and over $470 million in cumulative fees generated since launch. The yield model is straightforward. Traders pay fees on opens, closes, swaps, liquidations, and borrowing. Those fees are split between liquidity providers (63%), GMX stakers (27%), and the protocol treasury (10%) under V2. What makes GMX a category anchor is the source of distributed value. Stakers earn returns in ETH and AVAX, real assets paid from trading volume. The GMX token has a fixed supply of 13.25 million with no inflation, which means staker yields are not diluted by emissions over time. GMX is also a defining example of the real yield DeFi list entry pattern. Protocols pay from external trading activity, not from token printing. Pros: Pioneer of the real yield model in DeFi, with a multi-cycle track record Fixed token supply of 13.25M, no inflation diluting staker returns Yields paid in ETH and AVAX (real assets, not native token rewards) Considerations: Yields scale with trading volume, so quiet markets compress returns Smaller TVL than current perp DEX leader Hyperliquid 2. Pendle (PENDLE): Yield Tokenization Pendle takes a different approach. Instead of generating yield directly, Pendle tokenizes other protocols' yields and creates a market for trading them. The mechanic splits yield-bearing tokens (like stETH from Lido, USDe from Ethena, or eETH from Ether.fi) into Principal Tokens (PT) and Yield Tokens (YT). PT holders lock in fixed returns by buying at a discount and redeeming at maturity. YT holders take leveraged exposure to variable yields. Pendle's TVL sits around $1.4 billion, making it the largest yield-tokenization protocol in DeFi. The platform spans Ethereum, Arbitrum, BNB Chain, Optimism, Mantle, and Base. The honest framing matters. Pendle is real yield infrastructure, not a primary yield generator. The yields traded through PT and YT positions originate from real sources: liquid staking rewards, lending interest, and stablecoin yield strategies. Pendle is the venue where those yields get separated and priced. Pros: Largest yield tokenization protocol by TVL ($1.4 billion) Strategies for both fixed yield (PT) and leveraged yield exposure (YT) Multi-chain reach across six major networks Considerations: Yield infrastructure, not a primary yield generator Value proposition strengthens in volatile yield environments and weakens in flat ones 3. Gains Network (gTrade): Multi-Chain Synthetic Perps Gains Network runs gTrade, a decentralized leveraged trading platform on Polygon and Arbitrum. The protocol is smaller than GMX or Hyperliquid in TVL terms, but earns inclusion through a structurally distinct yield model. The platform offers synthetic perpetuals on crypto, forex, and indices. Crypto leverage runs up to 150x; forex pairs go up to 1000x. Liquidity providers deposit into gToken vaults (DAI vault, ETH vault) that act as the counterparty to all trades on the platform. Yield to vault depositors comes from two sources. Net trader losses flow back to the vault, and a portion of trading fees gets routed to LPs. When traders win, the vault pays out. When traders lose, the vault profits. Pros: Up to 1000x forex leverage, distinct from crypto-only perp DEXes gToken vault model provides multiple yield sources for LPs Strong returns during volatile periods Considerations: Smaller TVL than the larger perp DEXes on this list Vault returns vary with aggregate trader performance 4. Hyperliquid (HYPE): The 2026 Perp DEX Leader Hyperliquid has become the dominant perpetual DEX of 2026. The protocol runs on its own Layer 1 (HyperBVM), purpose-built for trading, with sub-second order matching that approaches centralized exchange performance. TVL sits around $4.7 billion, with roughly 70% of perp DEX market share concentrated on the platform. Daily perpetual volume has approached $10 billion at peak, putting Hyperliquid in conversation with the largest centralized derivatives venues. The yield engine is the HLP (Hyperliquid Liquidity Provider) vault. Depositors provide liquidity to back trader positions on the platform and receive a share of trading fee revenue plus profits from the platform's market-making strategies. The model functions similarly to GMX's GLP pool but on a custom L1 with different execution characteristics. The fee model matters for the real yield framing. Hyperliquid charges no per-trade gas fees because the chain is purpose-built and trader fees fund infrastructure costs. Pros: Dominant perp DEX market share in 2026 (~70%) Sub-second order matching with CEX-like execution HLP vault accessible to retail depositors with no institutional minimums Considerations: Shorter operating history compared to longer-running perp DEXes Cumulative fees ($95M) lower than GMX ($470M+) due to newer launch 5. Ayni Gold (AYNI): Production-Linked DeFi Yield from Gold Mining Ayni Gold is a DeFi protocol that turns gold mining output into on-chain yield, with stakers receiving PAXG rewards quarterly from mining production at the Minerales San Hilario concession in Peru. The protocol earns its place in this list by paying yield from a source none of the four entries above can replicate: physical gold production at an 8 km² mining alluvial site. A 2025 scoping study estimated 9+ metric tonnes of conceptual recoverable gold at the site, with projected daily production reaching up to 8,000 grams as operations scale. The trust infrastructure covers four independent providers. CertiK and PeckShield audited the smart contracts in October 2025. TurnKey handles custody, and Kangari Consulting conducts the geological work. For investors evaluating PAXG yield staking as part of a real yield allocation, Ayni delivers gold backed DeFi yield generated outside the trading and yield-trading categories. Pros: Quarterly rewards distributed in PAXG (gold-backed asset, not protocol-issued tokens) Yield source decoupled from rate environments and platform usage Smart contracts audited by CertiK and PeckShield, custody handled by TurnKey Production-linked model unique among real yield protocols Considerations: Newer category in DeFi compared to the established perp DEX leaders Yield depends on operational execution at the mining site as production scales Side by Side: How the Five Compare Protocol Category Yield source 2026 scale Distinctive feature GMX Perp DEX Trading fees (27% to stakers) $240M TVL Pioneer of real yield in DeFi Pendle Yield tokenization Trading PT/YT positions $1.4B TVL Splits yield from principal Gains Network Synthetic perps gToken vault returns $14M TVL Up to 1000x forex leverage Hyperliquid Perp DEX HLP vault fees $2.8B TVL Custom L1, dominant perp share Ayni Gold Production-Linked Yield Gold mining output Newer category Quarterly PAXG from extraction How to Pick a Real Yield Protocol The choice between the five protocols above breaks down into a sequence of decisions. Each step narrows the field based on a different criterion. Step 1: Identify the yield source you want exposure to. Real yield in this lineup comes from four different economic activities. Perpetual trading fees power GMX and Hyperliquid. Pendle generates returns through yield tokenization, Gains Network through synthetic perp trading, and Ayni Gold through physical gold production. The first decision is which form of real economic activity fits the portfolio. Step 2: Check correlation with existing holdings. A portfolio already holding ETH-denominated yield through liquid staking gains the most from non-correlated sources. Pendle's PT positions or Ayni Gold's PAXG distributions add exposure to different revenue engines. A portfolio without significant DeFi exposure benefits more from established protocols like GMX, where the yield model is well-tested across multiple market cycles. Step 3: Weigh track record against scale. GMX has the longest track record in the real yield category, with $470 million in cumulative fees and multi-cycle operating history. Hyperliquid leads on current scale, with $2.8 billion in TVL and dominant perp DEX market share, but a shorter history. The choice depends on which signal matters more for the portfolio. Step 4: Match the protocol to the role. The protocols share one trait. They generate yield backed by real assets from external economic activity. Each fills a different portfolio role. GMX and Hyperliquid suit trading fee capture. Pendle suits fixed-yield strategies. Gains Network covers leveraged forex exposure. Ayni Gold covers production-linked income outside the trading economy. The right protocol depends on which step gives the clearest answer for the portfolio in question. Where the Real Yield Category Sits in 2026 Real yield in 2026 is no longer a single category. It splits across trading-fee protocols, yield-trading infrastructure, and now production-linked rewards from real-world commodities. The protocols above represent the most credible candidates in each subcategory. The boundary between DeFi-native yield and yield from real economic activity has continued to blur. The real yield label now covers more ground than it did even a year ago. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

1 May 2026, 08:57

Why NFL Bettors Choose Dexsport: No-KYC Crypto Betting for American Football Fans

NFL betting is no longer limited to local bookmakers or regulated apps tied to strict identity checks. A growing segment of bettors now uses crypto-native platforms to access faster execution, broader markets, and fewer restrictions. This shift is driven by three factors: speed, privacy, and control over funds. Dexsport sits at the intersection of these demands, offering a no-KYC sportsbook built around blockchain infrastructure. What Defines NFL Betting in 2026 NFL betting is structurally different from other sports. It combines high liquidity with short, high-impact events. Each game attracts heavy volume, especially around spreads, totals, and player props. For bettors, this creates specific requirements: Fast deposits before kickoff Real-time odds during live betting Reliable cash-out functionality High limits for serious wagers Traditional sportsbooks handle volume well but impose friction. Account verification, withdrawal checks, and geographic restrictions slow the process. Top crypto sportsbooks remove most of that friction. The Shift Toward No-KYC Crypto Betting Most regulated sportsbooks require full identity verification before withdrawals. This creates delays and introduces risk flags for high-volume bettors. Crypto-native platforms take a different approach: Wallet-based access instead of identity-based accounts Blockchain settlements instead of bank transfers Minimal or no KYC unless flagged This model aligns with how crypto users already manage funds. It also reduces exposure to delays tied to compliance workflows. Some platforms still enforce KYC at withdrawal thresholds. Others apply it selectively. Fully no-KYC environments remain relatively limited. Dexsport Provides No-KYC Environment for NFL Betting Dexsport is built as a decentralized sportsbook and casino, launched in 2022, with a focus on privacy and speed. Access is immediate. Users can register via email, Telegram, or connect a wallet like MetaMask or Trust Wallet. No identity verification is required to start betting. The platform supports more than 38 cryptocurrencies across 20 networks, including BTC, ETH, USDT, BNB, and TRON. This multi-chain setup matters for NFL bettors. It allows: Low-fee deposits using TRON or BNB Stable betting with USDT High-liquidity wagers with BTC or ETH Funds move directly between the user and the platform without intermediaries. Speed: The Core Advantage for NFL Betting NFL betting is time-sensitive. Odds shift quickly, especially during live drives, injuries, or turnovers. Crypto-native sportsbooks reduce latency: Deposits: typically minutes, depending on network Withdrawals: processed quickly without banking delays No manual approval queues Dexsport follows this structure with fast, fee-free deposits and withdrawals across supported networks. For live bettors, this enables rapid repositioning between markets without waiting for funds to clear. Live Betting and Cash-Out Control Live betting drives a large share of NFL wagering volume. Markets update continuously during each play. Dexsport includes a full cash-out feature across in-play bets. This allows bettors to: Lock in profit before the final whistle Reduce exposure after momentum shifts Exit positions during volatile phases In NFL terms, this is critical during fourth-quarter scenarios where odds can swing rapidly. Market Depth and Coverage A strong NFL sportsbook must go beyond basic lines. Bettors expect: Spread and totals Player props Same-game parlays In-play micro-markets Dexsport focuses on high-demand sports with deep market coverage rather than broad but shallow listings. Across events, users typically find: 100+ betting options per match Pre-match and live markets Esports and secondary sports for diversification This structure aligns with how NFL bettors build positions—often combining multiple markets within a single game. Transparency Through On-Chain Betting Trust remains a concern in offshore and crypto betting. Settlement disputes and opaque systems are common issues. Dexsport addresses this with on-chain tracking: Every wager is logged on blockchain A public betting desk shows live bets and outcomes Results can be independently verified This removes reliance on internal settlement systems. For high-volume NFL bettors, that transparency reduces counterparty risk. Bonuses and Ongoing Incentives Crypto sportsbooks compete heavily on incentives. The structure matters more than the headline numbers. Dexsport offers: 480% bonus across first three deposits (up to $10,000) 60% free bets for sports betting Weekly cashback up to 15% on losses, paid in stablecoins For NFL bettors, cashback is more relevant than large deposit matches. It offsets variance over a season, especially for high-frequency bettors. How It Compares to Other Platforms The broader market shows three models: Regulated sportsbooks (BetMGM, DraftKings) Full KYC required Slower withdrawals Strong compliance and legal protection Hybrid crypto platforms (Stake, Cloudbet) Crypto deposits allowed KYC often required at withdrawal stage Crypto-native platforms (Dexsport, similar) No KYC entry Wallet-based betting Faster execution Dexsport falls into the third category, where privacy and speed take priority over regulatory structure. Risks NFL Bettors Should Consider No-KYC betting reduces friction but introduces trade-offs: Regulatory protection is limited compared to licensed operators Some platforms may impose limits or checks on large withdrawals Crypto volatility affects bankroll value Using stablecoins such as USDT can reduce volatility exposure during NFL betting cycles. Final Take NFL betting demands speed, flexibility, and reliable execution. Traditional sportsbooks provide structure but add friction. Crypto-native platforms remove that friction. Dexsport goes further by combining no-KYC access, multi-chain support, and on-chain transparency in a single system. For bettors who prioritize control over funds and fast market access, this model aligns closely with how NFL betting actually works in practice. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

1 May 2026, 08:53

Avalanche (AVAX) And NEAR Protocol (NEAR): After New Subnet And DA Partnerships, Do AVAX And NEAR Front‑Run A Modular L1 Trade Or Remain Second Tier To L2s?

As of May 1, 2026, the "Modular L1" narrative is attempting to reclaim the spotlight from the dominant Ethereum L2 ecosystem. Both Avalanche (AVAX) and NEAR Protocol (NEAR) are positioning themselves as core infrastructure for the modular era, though they are currently doing so from a "second-tier" position relative to Solana and top-tier rollups like Arbitrum and Base. The current market regime for both assets is "repair mode". While short-term trends are slightly positive, both tokens remain well below their prior cycle peaks, suggesting they are contenders in a crowded field rather than undisputed leaders. Avalanche (AVAX): Subnet Hub With Real Usage Source: tradingview Avalanche remains the most mature "L1 as a rollup hub" story outside of the Ethereum ecosystem. Its subnet architecture allows for dedicated app-chains with specific control over fees and MEV, which has attracted live projects in gaming, DeFi, and enterprise sectors. Technical & Fundamental Outlook: EVM Advantage: AVAX benefits from full EVM compatibility, making it a low-friction destination for existing Ethereum teams. The L2 Shadow: AVAX faces significant headwinds as many teams that might have launched subnets in 2021 are now choosing Ethereum L2s like Arbitrum or Blast to inherit Ethereum's native security and liquidity. Liquidity Fragmentation: There is a persistent risk that subnets fragment the user experience and liquidity unless routing and shared liquidity solutions become significantly stronger. Verdict: AVAX is a top-tier infra brand, but it currently trades as a cyclical L1 overshadowed by the massive momentum of Solana and the "monolithic" narrative. NEAR: DA + Chain Abstraction With Cleaner Trend Source: tradingview NEAR Protocol has pivoted successfully into the modular design space by offering NEAR DA (Data Availability) as a cheaper alternative to Ethereum mainnet for rollups. Technical & Fundamental Outlook: UX Lead: NEAR’s focus on "chain abstraction"—utilizing human-readable accounts and social logins—provides a smoother onboarding experience for consumer-facing apps compared to many peers. Market Favor: Recently, NEAR has exhibited a cleaner short-term uptrend than AVAX, with price holding above short- and medium-term moving averages and momentum indicators in healthy zones. Adoption Hurdles: Despite the clean trend, NEAR still trails L2s and Solana in mindshare, total value locked (TVL), and derivative volume. Verdict: NEAR currently looks like the more agile modular bet among non-ETH L1s, but it is still fighting for a place in a market where "modular" is heavily associated with specialized layers like Celestia or EigenDA. Conclusion For AVAX and NEAR to truly front-run a modular trade, they must move beyond episodic usage and prove they can capture high-quality projects for reasons beyond short-term incentives. Key signals for a re-rating include: Technical Breakouts: Both assets must reclaim and hold above their 200-day moving averages for weeks, not just days. Sustained Metrics: Verifiable growth in daily active users and fee revenue from DA usage (for NEAR) or subnet architecture (for AVAX). L2 Share Gains: Demonstrable share gains against Ethereum L2s in terms of developer attention and liquidity. Until these conditions are met, they are likely to remain important but second-tier options in the scaling race—highly relevant to traders but not yet the first choice for the broader market’s capital. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

1 May 2026, 06:59

XRP faces quantum security test after Ripple CEO’s bold signal

The XRP ecosystem is once again at the center of both optimism and long-term technological concern, as Ripple CEO Brad Garlinghouse doubles down on XRP being the company’s “North Star,” even as broader discussions around quantum computing risks begin to surface in the crypto industry. XRP Ledger validator Vet cautions that some quantum processors might eventually compromise the very earliest wallets of the XRPL , the equivalent of the “Satoshi Era” Bitcoin addresses. Vet said, after studying 7.8 million accounts looking for quantum threats, that most of the XRPL network is safe, but 0.02% of the total XRP supply, the Genesis wallets, are vulnerable to quantum decryption. That puts approximately 23.16 billion XRP completely secure from potential quantum risks. He wrote, “23.16B XRP is completely Quantum Safe. These accounts either rotate keys or never sign a transaction.” Recent statements from Garlinghouse have reinforced XRP’s position as the core asset guiding Ripple’s long-term strategy. In multiple appearances and social media posts, the CEO has consistently described XRP as the “North Star” of the company, meaning every major product and institutional initiative ultimately aligns with the token’s ecosystem. According to recent industry reports, Garlinghouse reiterated that “all roads lead back to XRP,” framing it as the foundation of Ripple’s payments, custody, and institutional blockchain services. Vet asks users to change to more secure wallets and protect themselves from quantum attacks In a subsequent post, Vet detailed that the 300,000 Genesis wallets were receive-only and therefore their cryptographic signatures have not been revealed, rendering them quantum-resistant. He further commented, “Dormant, vulnerable XRP whales are almost nonexistent. The rest are active and have their public key exposed, but it is also reasonable to expect to rotate keys if needed.” Additionally, responding to a question on X, Vet said users can protect themselves by adopting quantum-safe signatures or rotating their keys, but raised concerns about what happens to inactive accounts—should their assets be left vulnerable, frozen, redistributed, or burned? So far, the XRPL has already put key pieces in place to enable forward migration in a post-quantum era. According to reports, if traditional encryption ever fails, the network is prepared to flip the switch on a backup plan for a secure migration. XRPL is looking to fully deprecate classical signatures and force a shift to post-quantum security measures. The network said it would be stepping up trials of globally recognized cryptographic standards recommended by the National Institute of Standards and Technology (NIST). The team is also aiming to integrate new quantum-resistant signature schemes alongside today’s elliptic curve signatures, first on Devnet for developer trials. What did Google say on its quantum research and cryptographic protections? Google recently published a white paper showing that future quantum systems might crack current cryptographic protections with fewer qubits and gates than once believed. According to analysts, the analysis means that the quantum threat has shifted from theoretical to credible, and the timing of quantum-safe upgrades is absolutely critical. Google reported that a 500,000-qubit solution could run some cryptographic circuits almost instantly, reducing the number of qubits required for an ECDLP-256 algorithm by almost 20 times, which is sufficient to secure most blockchains. However, according to a researcher, bad actors are “playing the long game” by collecting ledger data now and betting that future tech will eventually unleash a master key, employing a more ‘harvest now, decrypt later’ approach. The threat at hand is still modest, but the findings serve as a ‘start-your-engines’ alert for any future secured systems seeking long-term value. Nevertheless, Google has promised the crypto community that it will continue to pioneer the process into the post-quantum age, alongside Coinbase , the Stanford Institute for Blockchain Research, and the Ethereum Foundation, to meet its 2029 timeline. The announcement also encouraged users to ditch exposed wallets and offered policy options for handling abandoned crypto assets. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

1 May 2026, 06:26

Wasabi Hack: $5M Stolen, Damage on BLAST Network

Wasabi Protocol Hacked: $5M+ Stolen, Ethereum, Base, Berachain Including BLAST Affected. Hacker Drained Pools with Admin Key. PeckShield and CertiK Reports for Details. DeFi Security Lessons and BL...