hodler

9 Feb 2026, 01:44

XRP Volume Crashes 63% Despite Price Rise, What’s Going On?

XRP showing mixed signals on the market as volume drops 63%.

9 Feb 2026, 01:31

CoinShares says Bitcoin’s quantum threat is overstated

CoinShares, the leading European investment company specializing in digital assets, published a statement on Friday, February 6, alleging that earlier concerns about the threats posed by quantum computing to Bitcoin are overstated. According to the company’s findings , this issue can be addressed through engineering solutions, as it is not considered an immediate crisis. Individuals in the crypto ecosystem raise concerns about quantum risks to BTC Earlier, Chaincode Labs researchers Anthony Milton and Clara Shikhelman shared a study released in May last year proposing that 20% to 50% of the total Bitcoin available in the crypto market could be at risk amid the emergence of quantum technology . Nonetheless, in response to this study, CoinShares argued that the suggested numbers incorporate different types of risk with distinct real-world impacts. While pointing out this argument, the leading European investment company focused particularly on legacy Pay-to-Public-Key (P2PK) addresses, a type of ScriptPubKey that locks Bitcoin to a public key. Afterwards, the firm anticipated that around 1.6 million BTC, or 8% of the total cryptocurrency available in the market, is held in these addresses. Meanwhile, it is worth noting that only about 10,200 BTC of this estimated amount is kept in sufficiently large accounts that a breach could substantially interrupt the market. The remaining amount of coins is later widely dispersed across over 32,000 individual UTXOs. On average, this is around 50 BTC per UTXO. Following this discovery, sources argued that it would take almost a lifetime to crack them, even under optimistic quantum conditions. Apart from these claims, CoinShares also stressed that allegations of a 25% vulnerability frequently involve temporary threats, such as the recycling of exchange addresses, which, according to its Bitcoin Research Lead Christopher Bendiksen, can be resolved with ease. At this moment, Christopher Wood, the Global Head of Equity Strategy at Jefferies, comments on the topic. He pointed out that he had decided earlier this year to eliminate the entire 10% Bitcoin allocation from his model portfolio due to Chaincode Labs’s significant estimates. Moreover, Wood cited quantum risk as a severe threat to BTC’s value stability, according to a report from a reliable source. The report mentioned that, “Wood stated that while GREED & Fear doesn’t think the quantum issue will significantly impact bitcoin prices soon, the idea of bitcoin as a store of value is not as strong for long-term pension portfolios.” CoinShares expresses disapproval that threats related to quantum computing are close Even after several individuals pointed out that quantum computing threats are approaching, CoinShares still expressed disapproval of the argument. Regarding their disapproval, Bendiksen attempted to explain that research demonstrates that, for a successful reversal of a public key to occur in just 24 hours, it would require a cutting-edge quantum computer with 13 million physical qubits. Its ability is said to be 100,000 times more powerful than the largest machine available today. Notably, one would require a system whose capability is 3 million times greater than the available ones to successfully break a key in just one hour. “To crack current asymmetric cryptography, you’d need millions of qubits,” said Ledger CTO Charles Guillemet to CoinShares. “Willow, Google’s latest computer, has only 105 qubits. Adding just one more qubit makes it exponentially harder to keep the system stable.” If you're reading this, you’re already ahead. Stay there with our newsletter .

9 Feb 2026, 01:19

Only 10K Bitcoin at quantum risk and worth attacking, CoinShares claims

Most quantum-vulnerable Bitcoin sits in wallets holding under 100 Bitcoin, with CoinShares claiming it could take a millennium to compromise each one.

9 Feb 2026, 01:18

Takaichi Triumph: Japan’s record 56,000 Nikkei surge sends bitcoin to $72,000, gold past $5,000

Japanese mandate sparks surge in equities and safe havens.

9 Feb 2026, 01:15

Bitcoin Transaction Mystery: $181K Sent to Satoshi Nakamoto’s Genesis Address in Stunning Tribute

BitcoinWorld Bitcoin Transaction Mystery: $181K Sent to Satoshi Nakamoto’s Genesis Address in Stunning Tribute In a stunning weekend event that captivated the global cryptocurrency community, an anonymous Bitcoin holder sent a substantial transaction worth $181,000 directly to the legendary genesis address of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. This mysterious Bitcoin transaction, reported by Cointelegraph via X and verified through Arkham Intelligence data, represents a modern digital tribute to the foundational figure of decentralized finance. Consequently, the act has ignited widespread discussion regarding Nakamoto’s colossal, untouched holdings, which blockchain analysts now value at approximately $77.17 billion. Decoding the Bitcoin Transaction to Satoshi’s Wallet The core event involves a transfer of 2.565 BTC. Blockchain explorers recorded this transfer over a recent weekend. Significantly, the destination was the ‘1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa’ address. This specific string is the very first Bitcoin address ever created. It belongs to Satoshi Nakamoto. Therefore, sending funds there is functionally irreversible. The sender cannot retrieve them. Arkham Intelligence, a prominent blockchain analytics firm, provided the data. Their platform tracks the wallet’s activity. As a result, they confirmed the transaction’s inclusion in the blockchain. Following this deposit, estimates now place Nakamoto’s total holdings at about 1,096,000 BTC. At current valuations, this equates to a staggering $77.17 billion. This figure consistently makes Nakamoto one of the wealthiest entities in the digital asset space. The Technical and Symbolic Nature of the Genesis Address Understanding this Bitcoin transaction requires context about the genesis address itself. Firstly, it is the address that received the 50 BTC coinbase reward from the very first block, known as the Genesis Block, mined on January 3, 2009. Technically, the private keys for this address are either lost, destroyed, or were never practically usable. Therefore, any Bitcoin sent to it is permanently locked and unspendable. The act of sending funds there is not a financial transfer to a person. Instead, it is a symbolic gesture. It is akin to a digital monument or a burn address. Over the years, hundreds of similar transactions have occurred. However, the substantial $181,000 value of this latest transfer makes it particularly notable. It highlights a persistent cultural phenomenon within the Bitcoin ecosystem. Historical Context and Previous Genesis Address Transactions This recent Bitcoin transaction is not an isolated incident. The community has a long history of sending small amounts to Satoshi’s address. People often do this to leave a permanent message on the blockchain or as a tribute. For example, in 2013, someone embedded a newspaper headline about bank bailouts into a transaction. However, the scale of this latest transfer is unusual. The table below compares notable transactions to the genesis address: Date Amount (BTC) Approx. Value at Time Notable Context Jan 2009 50.0 BTC ~$0 Genesis Block reward 2013 0.01 BTC ~$1 Included encoded headline text 2021 0.0069 BTC ~$400 Memetic cultural tribute 2025 (Recent) 2.565 BTC ~$181,000 Large-value anonymous tribute Furthermore, these transactions collectively underscore key blockchain principles: Immutability: Every transaction is permanently recorded. Transparency: Anyone can audit the address’s history. Symbolic Value: The network assigns cultural meaning to specific addresses. Economic Finality: Funds sent are provably and permanently removed from circulation. Expert Analysis on Motives and Market Impact Cryptocurrency analysts and blockchain researchers have proposed several theories for this high-value Bitcoin transaction. Primarily, they view it as a symbolic act rather than a financial error. Some experts suggest it could be a form of ‘proof of burn,’ deliberately reducing the circulating supply of BTC. Others interpret it as a wealthy holder’s tribute to Nakamoto’s creation. Notably, the transaction does not materially affect Bitcoin’s market dynamics. The amount, while significant, is tiny relative to daily trading volumes. However, it psychologically reinforces the narrative of Bitcoin as ‘digital gold’ and Nakamoto as its absent, mythical founder. Analysts from firms like Arkham and Glassnode emphasize that such events have no bearing on network security or protocol rules. Instead, they serve as cultural milestones that the community discusses and remembers. The Enigma of Satoshi Nakamoto’s $77 Billion Holdings The transaction also refocused attention on Nakamoto’s estimated 1.1 million BTC. These coins have never moved from their original early blocks. Their current valuation of over $77 billion presents a unique economic case. Market participants often debate the potential impact if these coins were ever activated. However, most analysts consider this an extremely remote possibility. The steadfast dormancy of these coins actually provides a form of stability. It represents a massive portion of supply that is effectively out of the market. This reduces potential selling pressure. Consequently, the holdings are a foundational element of Bitcoin’s economic model. They symbolize the creator’s commitment to the project’s decentralized ideals. Broader Implications for Blockchain Culture and Legacy This event transcends a simple Bitcoin transaction. It reflects the deep cultural and almost mythological status Satoshi Nakamoto holds. In the absence of a known founder, the genesis address becomes a focal point for community sentiment. Sending value there is a ritual that reinforces shared history and values. It demonstrates the powerful human tendency to create narratives and monuments, even within a digital, protocol-driven system. Moreover, it showcases the transparency of public blockchains. Every person can independently verify the transaction and the resulting state of the legendary address. This builds trust and auditability that traditional financial systems often lack. The act, therefore, is a modern parable about value, legacy, and decentralized technology. Conclusion The mysterious Bitcoin transaction sending $181,000 to Satoshi Nakamoto’s genesis address stands as a powerful testament to the enduring legacy of Bitcoin’s creator. This event, while financially inconsequential to the broader market, carries significant symbolic weight within the cryptocurrency community. It highlights the immutable nature of the blockchain, the cultural rituals that develop around technology, and the fascinating economic story of Nakamoto’s untouched $77 billion holdings. Ultimately, such transactions reinforce the foundational narratives of transparency, decentralization, and cryptographic proof that make Bitcoin a unique innovation in the history of finance. FAQs Q1: Can Satoshi Nakamoto access the $181,000 sent to the genesis address? No. The genesis address is considered cryptographically locked. The private keys required to spend from it are presumed lost or were never constructed in a spendable way. Therefore, the Bitcoin sent there is permanently unspendable and effectively removed from circulation. Q2: Why would someone send money to an address that can’t spend it? Motives are typically symbolic. People send BTC to Satoshi’s address as a tribute, to leave a permanent message on the blockchain, or as a form of “proof of burn” to demonstrate a commitment to the network by voluntarily destroying economic value. Q3: How do we know how much Bitcoin Satoshi Nakamoto holds? Blockchain analysts use clustering heuristics and time-based analysis of early mined blocks. By examining block rewards from 2009-2010, they estimate one entity (presumed to be Nakamoto) mined approximately 1.1 million BTC. These coins have never been spent, confirming the hypothesis. Q4: Does this transaction affect the price of Bitcoin? Directly, no. The amount is negligible compared to daily trading volume. Indirectly, it can generate media attention and reinforce certain narratives (like scarcity), which may influence market sentiment on the margins, but no direct causal price impact is expected. Q5: What is the Genesis Block? The Genesis Block is the very first block in the Bitcoin blockchain, mined by Satoshi Nakamoto on January 3, 2009. It created the first 50 BTC and established the initial state of the decentralized ledger. The coinbase reward from this block was sent to the genesis address involved in this news story. This post Bitcoin Transaction Mystery: $181K Sent to Satoshi Nakamoto’s Genesis Address in Stunning Tribute first appeared on BitcoinWorld .

9 Feb 2026, 01:10

Altcoin Season Index Reveals Stunning 24 Score as Bitcoin Dominance Intensifies

BitcoinWorld Altcoin Season Index Reveals Stunning 24 Score as Bitcoin Dominance Intensifies A critical gauge of cryptocurrency market sentiment, the Altcoin Season Index, currently stands at a decisive 24, according to data from CoinMarketCap. This compelling figure, analyzed in March 2025, strongly indicates the persistent dominance of Bitcoin over the broader altcoin market. Consequently, investors and analysts are closely examining the underlying metrics and historical patterns to understand the potential trajectory for the coming quarters. Decoding the Altcoin Season Index Score of 24 The Altcoin Season Index provides a quantitative snapshot of market leadership. CoinMarketCap calculates this vital indicator by comparing the 90-day price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin’s performance. A score closer to 100 signals an altcoin season, where a majority of these assets outperform Bitcoin. Conversely, a score near 0 reflects a pronounced Bitcoin season. The current reading of 24 sits far from the 75 threshold required to declare an altcoin season, therefore underscoring Bitcoin’s relative strength. This methodology offers a clear, rules-based framework for assessing market cycles. Historically, prolonged periods with a low index have often preceded significant capital rotation. For instance, the index spent extensive time below 30 during the latter half of 2023 before a sharp rally in early 2024. Market analysts frequently reference this data to gauge investor risk appetite. A low index suggests a ‘flight to quality,’ with capital concentrating in the perceived safety and liquidity of Bitcoin. Historical Context and Market Cycle Analysis Understanding the current index requires examining past crypto market cycles. The Altcoin Season Index has fluctuated dramatically since its inception, creating a recognizable pattern. Typically, a sustained Bitcoin season, characterized by a low index, lays the groundwork for a subsequent altcoin rally. During these phases, Bitcoin often captures the majority of institutional and macroeconomic narrative flow. Subsequently, as Bitcoin’s price stabilizes at a higher range, investor confidence grows, and capital begins seeking higher beta opportunities in altcoins. Expert Perspectives on Capital Rotation Financial researchers and seasoned crypto fund managers often analyze on-chain data alongside the index. They note that a low Altcoin Season Index frequently coincides with net outflows from altcoin exchange-traded funds (ETFs) and inflows into Bitcoin ETFs. This behavior highlights a risk-off sentiment among larger investors. However, experts also point to the fractal nature of markets. The intense focus on Bitcoin can eventually lead to undervaluation in selective altcoin sectors, such as decentralized finance (DeFi) or layer-1 protocols, potentially setting the stage for the next rotation. The table below illustrates typical index ranges and their market interpretations: Index Range Market Phase Common Characteristics 0-25 Strong Bitcoin Season BTC dominance rises; altcoins underperform; macro news drives BTC. 26-74 Transition / Neutral Mixed performance; sector rotation begins; volatility increases. 75-100 Altcoin Season Top altcoins outperform BTC; high risk appetite; retail interest surges. Implications for Cryptocurrency Investors in 2025 The index’s current position carries significant implications for portfolio strategy. A score of 24 suggests a cautious approach toward broad altcoin exposure may be prudent. Investors might consider focusing on: Bitcoin-Centric Strategies: Allocating a core position to Bitcoin based on its dominant trend. Fundamental Altcoin Research: Using this period to identify fundamentally strong projects with robust technology and adoption metrics, potentially at lower valuations. Dollar-Cost Averaging (DCA): Systematically accumulating positions in high-conviction altcoins during a Bitcoin season can lower average entry costs. Furthermore, regulatory developments in 2025, particularly concerning asset classification and institutional custody, could directly impact the index. Clearer regulations for altcoins might accelerate a shift from Bitcoin season to altcoin season by reducing perceived regulatory risk. Market participants monitor these developments alongside traditional financial indicators like interest rates and inflation data, which influence overall capital flows into digital assets. Conclusion The Altcoin Season Index, standing firmly at 24, delivers a clear, data-driven message about the present state of the cryptocurrency market. This metric confirms a strong Bitcoin season is underway, with the premier digital asset outperforming the majority of the top 100 altcoins. For investors, this index serves as a crucial tool for contextualizing market sentiment and informing strategic asset allocation. While the current phase highlights Bitcoin’s strength, historical cycles remind us that market leadership is dynamic. Monitoring the Altcoin Season Index for a sustained move above 50 will be key to identifying the early signals of the next potential market rotation. FAQs Q1: What does an Altcoin Season Index of 24 mean? An index score of 24 means that only a small percentage (far less than 75%) of the top altcoins have outperformed Bitcoin over the past 90 days. This indicates a strong ‘Bitcoin season’ where Bitcoin is the dominant performer. Q2: How is the Altcoin Season Index calculated? CoinMarketCap calculates the index by comparing the 90-day price performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) against Bitcoin’s performance over the same period. The percentage that outperforms Bitcoin contributes to the score. Q3: Is a low Altcoin Season Index bad for altcoins? Not necessarily. While it indicates recent underperformance, a prolonged Bitcoin season has historically been a precursor to altcoin rallies. It can present accumulation opportunities for investors who conduct thorough fundamental research. Q4: What triggers a shift from Bitcoin season to altcoin season? Shifts are often triggered by a combination of Bitcoin price stabilization at a new high plateau, improving overall market risk appetite, positive sector-specific news for altcoins (like protocol upgrades), and capital rotating from BTC profits into higher-risk, higher-reward assets. Q5: Should I only invest in Bitcoin when the index is low? The index is one tool among many. A low index suggests Bitcoin’s trend is strong, which may justify a larger core allocation. However, a diversified strategy based on risk tolerance and long-term conviction, potentially including selective altcoin positions, is a common approach used by seasoned investors. This post Altcoin Season Index Reveals Stunning 24 Score as Bitcoin Dominance Intensifies first appeared on BitcoinWorld .