quant

According to Jinshi reports, Quantum Cyber has been approved to acquire a portion of the shares of SpaceX (SPCX.O).

CryptoQuant founder Ki Young Ju stated that the current Bitcoin purchasing behavior of Strategy resembles a "liquidity absorber" rather than an effective price catalyst.He pointed out that in the past two years, Bitcoin's market capitalization has increased by $467 billion, yet the price has actually dropped by 1%, indicating that the influx of large amounts of capital has merely resulted in a transfer of chips without driving up the price. In the current environment with obvious selling pressure, continuous buying by Strategy may only serve to maintain the range rather than truly drive an increase.Ki Young Ju suggested that Strategy pause Bitcoin purchases until cash reserves and dividend coverage capabilities are restored; establish a systematic, model-driven buying framework to avoid the market impression of "always buying at local highs"; and create a disciplined selling mechanism in the next bull market to reduce leverage and realize shareholder value by partially taking profits at highs, while accumulating reserves of "dry powder" for future lows.He believes that this cycle is different from previous ones, as Bitcoin has been in a sideways trend for nearly two years, neither forming a strong bull market nor experiencing sufficient panic selling and weak hands clearing out. The market may need a more thorough clearing to initiate a healthier rebound.

On Monday, U.S. President Trump signed two executive orders aimed at accelerating the development of U.S. quantum computing capabilities and advancing the government's transition to post-quantum cryptography. Although the executive orders did not directly mention Bitcoin, industry insiders believe this could benefit the blockchain's post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and promoting cutting-edge quantum innovation. They include a clear timeline: to advance the construction of quantum sensors by September 2028 and require federal high-value assets and high-impact systems to complete the transition to post-quantum cryptography by the end of 2031. Project Eleven CEO Alex Pruden stated that this means the U.S. government will invest time and resources to achieve post-quantum security goals and may extend related requirements to the entire federal contractor system, not just limited to government agencies, thereby accelerating the implementation of post-quantum cryptographic technology.At the time of this policy announcement, the blockchain industry’s concern about quantum threats continues to rise. Organizations like the Ethereum Foundation and the Solana Foundation have begun advancing post-quantum security research and development, while the Bitcoin community is also discussing potential risks. Some publicly exposed Bitcoin addresses are believed to face the risk of private keys being derived once powerful quantum computers emerge in the future. Pruden pointed out that this executive order clearly sets the deadline for adopting post-quantum cryptography as 2031, which is more binding than the previous guidance from the U.S. government that proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader cryptocurrency industry, government investment in post-quantum security may accelerate the maturity of related tools, standards, and migration paths.

Coinbase CEO Brian Armstrong recently stated in an interview that the threat of quantum computing to Bitcoin has been greatly exaggerated. "This is not a problem unique to cryptocurrency; it's something the whole world needs to deal with. We are working directly with core developers to address quantum issues."

CZ Zhao shared his interview video on platform X, discussing the potential impact of quantum computing on the Bitcoin encryption system, including the threat to Satoshi Nakamoto's Bitcoin holdings. If future quantum attacks lead to the old encryption system being compromised, the community may face three options.The first is to "do nothing," allowing the relevant assets to be naturally transferred by attackers and create selling pressure, but ultimately it may lead to a redistribution back to the community;The second is to freeze or restrict relevant addresses and envision returning assets under verifiable identities, but he believes this path has technical and credibility issues after the encryption is compromised;The third is an intermediate solution such as "slowing down or delaying transfers," but it also has execution complexities.CZ also proposed a compromise idea: to set a time window through community governance, such as 6 to 12 months. If the funds in relevant early addresses have not moved, they would be locked through a network fork or protocol upgrade, permanently removing them from circulation, thus avoiding future concentrated theft by attackers that could create market selling pressure. He emphasized that such decisions should be determined by community voting and believes there is currently no perfect answer, but "not taking any action may become the worst outcome in the future," so mechanisms should be designed in advance to address potential quantum risks.

CryptoQuant founder Ki Young Ju stated that the phenomenon of Bitcoin driving funds into altcoins, which once boosted altcoin markets, has basically disappeared. He pointed out that since 2021, the trading volume of altcoins paired with BTC has significantly shrunk, and the market structure has undergone noticeable changes. Ki Young Ju believes that the era of "Bitcoin rising leading to a general rise in altcoins" may have ended, and in the future, altcoins may rely more on their own fundamentals, application scenarios, and independent capital inflows to drive price increases.

CryptoQuant's research director Julio Moreno stated that transactions below 0.01 BTC currently account for about 80% of the total daily transaction volume on the Bitcoin network, significantly higher than approximately 44% in 2023.Moreno pointed out that this growth is mainly driven by on-chain data protocols based on OP_RETURN, such as Runes, Ordinals, BRC-20, and data timestamp services. These protocols generate a large number of small transactions, with some transaction sizes even as low as 546 satoshis (about $0.35), thereby continuously increasing the number of low-value transfers. In addition, the Bitcoin network activity index has been steadily rising since January of this year and has now reached its highest level since the end of 2024.

The Algorand Foundation officially released a roadmap for quantum resistance upgrades, planning to launch a series of protocol transformations in 2026, and achieve overall "quantum security" capabilities for the network by the end of 2027 to 2028, in response to the potential threats posed by future quantum computing to existing cryptographic systems.The roadmap indicates that the first phase will introduce post-quantum account systems, multi-signature wallets, and staking support, followed by a gradual upgrade of core protocol components to achieve a comprehensive encryption migration from the wallet layer to the infrastructure. It is reported that several public chain ecosystems, including the Ethereum Foundation and Solana, have also initiated similar research and migration plans for quantum-resistant cryptography.

CryptoQuant analyst IT Tech analysis states that the selling pressure of altcoins on spot exchanges has reached extreme levels not seen in five years, with the spot market experiencing net selling for 15 consecutive months. The cumulative trading volume of altcoins, excluding BTC and ETH, has recorded the lowest negative value since data tracking began in 2020; this indicator was close to neutral in early 2025, but then turned significantly negative again and has continued to decline since.

CryptoQuant founder Ki Young Ju stated, "Altcoins have not died, but purely narrative altcoins are dead." The era where one could make money simply by issuing a token is no longer. He believes that the altcoins that can survive and are worth paying attention to in the future can be divided into the following three main camps: first, global internet companies with tokenized market layers, where in some cases issuing tokens is more pragmatic than tokenized equity listings, such as BNB and GRAM (TON); second, DeFi services with real revenue, such as Hyperliquid and high-quality DeFi protocols; third, projects that align with broader financial trends. Ki Young Ju concluded that just as true IT giants emerged after the internet bubble, real crypto enterprises will also emerge after this cycle.

CryptoQuant analyst Woominkyu stated that the BTC whale sell-off has ended, with total whale holdings turning from a decline to an increase after 12 consecutive days of decrease, and the price rebounding to $65,704.89.From June 5 to 10, during the low point of $61,400, the exchange whale ratio once rose to 62.3%, while over 11,400 BTC flowed from exchanges to cold wallets. He believes that the transfer of chips during this round of decline has basically been completed.

According to a report by Crowdfund Insider, the first public report released by the G7 Central Bank Quantum Technology Working Group (QTWG) indicates that quantum computing technology could have a profound impact on the global financial system, particularly posing structural challenges in the fields of data encryption and cybersecurity. The working group was established in 2025, co-led by the Bank of France and the Bank of Canada, with members including the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, and major central banking institutions from Germany, Italy, and others.The report points out that although quantum computers capable of breaking encryption have not yet emerged, there is a general belief in the industry that the likelihood of their appearance within the next decade is increasing, which poses potential risks to existing financial infrastructure that relies on traditional encryption algorithms. One core risk is referred to as the "collect now, decrypt later" strategy, which involves the long-term storage of currently encrypted financial data, with the intention of decrypting it once quantum computing capabilities mature, potentially threatening the long-term data security of the financial system.The report recommends that financial institutions in various countries proactively compile a list of their reliance on encryption systems and gradually assess the feasibility of transitioning to post-quantum cryptography, while also strengthening inter-agency coordination to reduce systemic risk exposure. In terms of opportunities, quantum computing is expected to enhance the computational capabilities of financial institutions in areas such as risk modeling, portfolio optimization, macroeconomic forecasting, and stress testing, but its practical application still depends on technological maturity and scaling progress.Analysts believe that this report marks the beginning of G7 central banks systematically incorporating quantum technology into their financial stability assessment framework, which may drive long-term upgrades of global financial infrastructure at the encryption and computational architecture levels.

The advisory committee of cryptographic experts led by Coinbase has released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, the committee did not take a clear stance on whether to freeze the millions of Bitcoins that could potentially be stolen by quantum computing in the future.It is reported that the committee members include several leading experts, such as Ethereum Foundation researcher Justin Drake, who believe that the current focus of the debate is not on how to introduce quantum-resistant signature technology, but rather on how to handle the Bitcoins that have not been migrated for a long time. One viewpoint calls for setting a deadline, after which the existing ECDSA and Schnorr signature schemes for Bitcoin will cease to be supported, and un-migrated assets will be frozen to prevent future quantum attackers from acquiring large amounts of BTC and impacting the market. Another viewpoint argues that this amounts to asset confiscation, contradicting Bitcoin's core principles of "immutability and user complete control of assets," and could set a precedent for freezing assets in the future due to regulatory pressure.The Coinbase advisory committee pointed out that the aforementioned proposals are not mutually exclusive and can be combined, but it refused to take a position on the issue of "whether to freeze legacy BTC," believing that the final decision should be governed by the Bitcoin community. At the same time, it emphasized two points: first, the technical development of quantum-resistant signature migration should be initiated immediately and should not wait for the governance debate to conclude; second, it is necessary to clearly communicate risk information to users to avoid long-term uncertainty affecting the Bitcoin ecosystem.

CryptoQuant analyst Axel Adler stated that Bitcoin (BTC) is experiencing a significant inflow into exchanges, while stablecoin liquidity continues to flow out. The deterioration on both the supply and demand sides of the market is considered a key reason for Bitcoin's approximately 22% decline from its May peak.Data shows that the 30-day net exchange flow indicator for Bitcoin has turned significantly positive, currently at about +114,000 BTC. Compared to the net outflow status of about -85,000 to -115,000 BTC in early May, the market has shifted from an accumulation phase to a distribution phase. This indicator briefly rose to about +167,000 BTC in early June, indicating that more holders are transferring BTC to exchanges, increasing potential selling pressure.Meanwhile, the 30-day moving average net flow of stablecoins remains in negative territory, currently at about -105 million USD. In early May, this indicator was still in the range of +40 million to +90 million USD, representing strong buying liquidity in the market; however, it turned negative after mid-May and expanded to about -150 million to -170 million USD in early June, indicating that stablecoin funds are leaving exchanges, reducing the market's "ammunition."

According to Decrypt, the Coinbase Quantum Advisory Board released a report calling for blockchain developers to immediately begin preparations for quantum migration, warning that unresolved issues with abandoned and vulnerable tokens could become one of the biggest challenges for Bitcoin.The report estimates that approximately 7 million Bitcoins are vulnerable to future quantum attacks due to public key exposure and address reuse. Although there are currently no quantum computers capable of breaking blockchain encryption, the likelihood of relevant quantum computers emerging as early as 2030 is high.The report proposes three handling options for tokens that have not migrated to quantum-safe addresses: permanently freeze or destroy them after a set deadline; take no action and let users decide; or adopt a compromise measure, such as limiting the number of vulnerable tokens that can be moved per block, or allowing users to pre-commit to migration.The Ethereum Foundation has formed a team to coordinate the post-quantum security transition, and Vitalik Buterin developed a quantum upgrade roadmap in February. The Stellar Development Foundation announced a roadmap for user migration to quantum-safe encryption on Tuesday.

According to CoinDesk, the Stellar Development Foundation has announced a quantum security plan to migrate all XLM accounts to a quantum-resistant signature scheme by the end of 2027, while keeping existing addresses and on-chain transaction history unchanged.The foundation stated that this migration will be completed through protocol layer updates to address the potential cracking risks posed by future quantum computing to existing cryptographic signature algorithms, and to ensure that user accounts do not need to change addresses or rebuild transaction records during the migration process.

CryptoQuant released the latest report indicating that Bitcoin has fallen to a new low of $59,000 in this bear market, currently only 9% higher than the realized price of $53,600, and from a valuation perspective, it is close to the bottom range of previous bear markets. However, CryptoQuant pointed out that the current bottom has not yet been confirmed. Last week, total Bitcoin demand dropped to negative 652,000 BTC, marking the largest contraction since January 2022; the one-year apparent spot demand growth rate also turned negative, falling to its weakest level since February 2024.Meanwhile, ETF purchase demand experienced the fastest contraction since its launch in January 2024, with the 30-day ETF demand growth rate hitting a historical low. The report also stated that realized losses in the past 30 days amounted to 187,000 BTC, which has not yet reached the level of historic sell-off clearance.

According to CryptoQuant analyst Darkfost's post on the X platform, the open interest in Ethereum perpetual contracts on Binance (measured in ETH) has reached an all-time high, nearing 3.7 million ETH. At the same time, Binance's share of the total open interest in Ethereum has risen to over 44%. This data comes after ETH's current price has dropped about 67% from its historical peak and entered an extremely oversold area.Darkfost stated that despite the rising market uncertainty due to geopolitical tensions between the U.S. and Iran and the continued deterioration of the economic outlook, some traders are choosing to increase their risk exposure in the derivatives market. The average active buyer/seller ratio on Binance has risen from 0.95 to 1, indicating that after months of seller dominance, the flow of funds is rebalancing, and more investors are willing to take on risk to rebuild long positions.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's realized market cap 30-day change rate has dropped to -1.1%, marking the first time since mid-March that capital outflow has reached this level. From a peak of approximately $1.087 trillion in mid-May, the realized market cap has decreased by about $12 billion to $1.075 trillion. The contraction rate has noticeably accelerated: on June 1, this metric was -0.15%, and by June 8, it had fallen to -1.1%. During the same period, the BTC price dropped from $82,000 to $63,000, a decline of 23%. The current outflow rate is now comparable to the beginning of the capitulation in March, when this metric reached -2.4%, indicating there is still room for deterioration.The aSOPR 30-day moving average has been below 1 for 13 consecutive days since it fell below 1 on May 28, currently at 0.987, indicating an average loss of about 1.3% per transaction. The long-term aSOPR below 1 is a classic sign of weak hands being flushed out, with sellers still dominating until it rises back to 1. The combination of these two indicators defines the capitulation phase: capital is flowing out of the network, driven by loss sales.

Gate released the Private Wealth Management Report for May 2026. The crypto market continued its adjustment trend in May, influenced by rising geopolitical uncertainties and declining risk appetite. BTC fell approximately 2.9% during the month, while ETH dropped over 11%, with overall performance weaker than traditional risk assets during the same period. Against the backdrop of increased market volatility, Gate's private wealth quantitative strategies demonstrated strong resilience. Data shows that the net value of quantitative funds overall rebounded in May, with 90% of strategies recording positive returns. Among them, the "Interstellar Hedge (USDT)" cumulative return rate increased to 18.6%, with all 23 cycles within the statistical range achieving profitability, maintaining a win rate of 100%. Meanwhile, the drawdown levels of the USDT and BTC strategies continued to remain low, with overall risk control performance better than the market benchmark.At the same time, AI-related investments continued to be an important driver of growth. On the macro level, inflation remains a key variable affecting market expectations, with the market generally expecting the June FOMC meeting to maintain the current interest rate level. On the other hand, as the supporting details of the GENIUS Act gradually take effect, the regulatory framework for stablecoins is transitioning from policy framework to actual implementation, bringing more certainty to the digital asset industry.