Bitcoin Style Encryption Coming to XChat Says Musk. Nobody Knows What That Means

Concerns about quantum computing's potential threat to Bitcoin's security were discussed at a private luncheon near a Bitcoin conference in Las Vegas. Experts believe the community has a limited time to prepare for this existential crisis, with solutions being explored by industry leaders and companies investing in quantum computing research.

House Democrat staffers accused the SEC of withholding crucial information on a crypto market structure bill, claiming Republicans received detailed analysis while they were denied. Concerns arise over the impact of the CLARITY Act on financial markets and the SEC's cooperation.

Plans are underway for Trump Media & Technology Group to launch cryptocurrency-based exchange traded funds, starting with a spot Bitcoin ETF in the United States. NYSE Arca has filed paperwork seeking a rule change to list the "Truth Social Bitcoin ETF" from Yorkville America Digital, a product of a partnership between the firm, President Trump's Trump Media, and Crypto.com.

Joe Lubin, Ethereum co-founder and Consensys CEO, revealed talks with major banks and sovereign wealth funds in a large country about building on Ethereum. Lubin emphasized the need for decentralized protocols to revolutionize the financial system, hinting at a potential new participant in the Ethereum ecosystem.

Pump.fun is planning a $1 billion token sale at a $4 billion valuation, according to a report from Blockworks, with the token set to be sold to public and private investors. The potential valuation would make Pump.fun the latest unicorn startup in the crypto space.

SolarBank, an energy infrastructure firm, plans to add Bitcoin to its balance sheet, following a trend among public companies. Analysts warn that imitating Strategy's Bitcoin strategy could pose risks due to potential price volatility.

Classover, a Nasdaq-listed online education platform, has revealed a crypto-buying strategy focusing on purchasing Solana instead of Bitcoin. The company has already acquired 6,472 SOL for $1.05 million as part of its plan to integrate SOL into its treasury operations.

A crypto wallet linked to President Donald Trump's Solana-based meme coin is being launched in partnership with NFT marketplace Magic Eden. Users can sign up for a waitlist to potentially win rewards related to the Trump meme coin, with a giveaway collectively worth 1 million TRUMP tokens.

Bitcoin is rebounding, surpassing $106,000, while meme coins like Dogecoin and Pepe are outperforming it with gains of 3% and 9% respectively. Solana-based meme coins like Dogwifhat and Popcat are also on the rise, with WIF jumping 20%.

Grayscale's report highlights HYPE's impressive performance on Hyperliquid's perpetual futures platform, with a recent 14% price increase and 80% surge over 30 days. Hyperliquid aims to compete with centralized exchanges like Binance and Bybit in the perpetual futures market.