Shiba Inu executive warns that scammers are already deploying fraudulent schemes on the new NFT project, SOU built on SHIB.
Cardano open interest was down 2.49% to $431.89 million.
What To Know: Dragonfly Capital raised a $650 million fourth fund, standing out amid a broader slowdown in crypto venture funding. Early investments in Polymarket and Rain helped secure investor confidence in the new fund. The firm is shifting focus toward tokenized real-world assets and fintech integration, reflecting a more institutional phase of the crypto market. Venture capital company Dragonfly Capital has closed its fourth fund at $650 million. The move comes at a time when the global crypto industry continues to face a downturn. The raise stands out especially as many funds have struggled to attract new commitments and valuations have compressed across crypto companies. The new fund follows a period of weak sentiment in crypto. Prices have fallen sharply from prior highs. Venture activity has slowed. Several funds have scaled back deployment or delayed raises. Moreover, Dragonfly’s ability to secure $650 million does imply continued institutional appetite for selective exposure to the sector, especially in areas tied to financial infrastructure. Dragonfly Capital Secures Fund Amid Crypto Downturn According to partner Rob Hadick, investor support for the new vehicle shows Dragonfly’s early positions in companies that have shown growth during the market cycle. These include prediction market platform Polymarket and stablecoin payment card provider Rain. Both companies sit at the intersection of crypto and financial services, a segment the firm has increasingly prioritised. Dragonfly was founded in 2018 by Alex Pack and Bo Feng. In its early years, the firm navigated internal restructuring and a strategic exit from China following tighter regulations. Over time, leadership shifted to a core group that included Haseeb Qureshi and Tom Schmidt. Hadick joined from a traditional finance background in 2022, reinforcing the firm’s pivot toward financial applications of blockchain technology. This shift has become central to Dragonfly’s investment thesis. Schmidt said the industry is entering a new phase in which crypto models evolve away from purely application-specific designs toward instruments that represent real-world assets such as equities, credit funds, and other financial products. This approach aligns crypto more closely with Wall Street structures and regulated financial markets. The direction contrasts with earlier venture narratives that focused on consumer Web3 applications and decentralised social platforms. Dragonfly has instead preferred infrastructure, payments, and tokenised financial products. The firm believes these areas generate clearer revenue models and stronger long-term adoption paths. Even with the weaker sentiment in the market, Dragonfly’s leadership argues that the broader trajectory for crypto remains intact. Schmidt noted that internet-native money grew from zero to a trillion-dollar asset class within roughly a decade, a pace that still shapes long-term expectations for the sector’s expansion. The firm’s previous fund, raised before the latest market downturn, helped it back several high-growth companies and compete with larger venture platforms such as Andreessen Horowitz and Paradigm. That performance strengthened its reputation among institutional investors and contributed to renewed commitments for the latest fund. Dragonfly’s leadership describes the current venture landscape as undergoing a sharp contraction, with many funds facing reduced capital inflows and fewer deal opportunities. Hadick characterised the period as a severe shakeout for crypto venture firms. Even so, Dragonfly continues to deploy capital, targeting companies that integrate blockchain rails with traditional financial services. The firm operates from offices in New York and maintains a global investment focus. Its strategy revolves around identifying early-stage infrastructure and financial products that can scale alongside regulatory clarity and institutional adoption. Qureshi said the firm is planning to take a more active role in shaping the next stage of the industry as new capital flows back into the sector. Dragonfly’s successful fund allocation could be partly attributed to its confidence in portfolio companies such as Polymarket, which has maintained strong user activity despite recent market slowdowns. The platform recently announced a strategic partnership with Circle . Under the partnership, Polymarket will transition from a bridged version of USDC on the Polygon network to native USDC. The move is expected to improve settlement efficiency and provide users with a more reliable dollar-denominated infrastructure.
BitcoinWorld Bitcoin’s Critical 7-Year Race: Urgent Quantum Threat Timeline Revealed by Researcher In a stark warning to the global cryptocurrency community, new research reveals Bitcoin faces a critical and urgent seven-year timeline to fortify its defenses against the looming specter of quantum computing attacks. This timeline, detailed by Bitcoin researcher Ethan Heilman and reported by Cointelegraph, underscores a pressing technological race that could define the future security of the world’s largest blockchain network. The analysis comes as developers take a foundational step by merging the first official quantum-resistant proposal into Bitcoin’s core development repository, marking the start of a complex, multi-year migration process that demands unprecedented consensus. Bitcoin’s Quantum Threat Timeline Explained Ethan Heilman’s analysis provides a clear, phase-based roadmap for Bitcoin’s transition to quantum resistance. The researcher emphasizes that this seven-year estimate assumes full cooperation and agreement across Bitcoin’s decentralized ecosystem of developers, miners, node operators, and users. This consensus requirement presents a significant hurdle, as any major protocol change necessitates near-unanimous support to avoid network splits. The proposed timeline breaks down into three distinct phases, each critical for ensuring a secure and stable upgrade. Firstly, the process requires approximately three years to formalize a complete Bitcoin Improvement Proposal (BIP). This phase involves rigorous cryptographic research, peer review, and community debate to design a solution that is both secure and minimally disruptive. Subsequently, a 2.5-year period is allocated for comprehensive code review, testing on testnets, and vulnerability assessments. Finally, a six-month (0.5-year) activation period would allow the network to coordinate the final switch to the new quantum-resistant rules. Phase 1 – Proposal (3 years): Finalize BIP design and cryptographic standards. Phase 2 – Testing (2.5 years): Implement code reviews and testnet deployments. Phase 3 – Activation (0.5 years): Coordinate the mainnet upgrade and activation. The Emergence of BIP-360 and Its Role The recent merger of BIP-360 into the official Bitcoin GitHub repository represents the most concrete step yet toward addressing quantum vulnerabilities. Developers classify BIP-360 as a conservative and foundational proposal. Its primary function is to protect “long-held” or “cold” funds—Bitcoin stored in addresses that have never been used to spend. These funds are currently vulnerable because their public keys are exposed on the blockchain, potentially allowing a future quantum computer to derive the private key. However, BIP-360 has acknowledged limitations. It does not fully solve the problem of “transient” or “mempool” attacks. When a user broadcasts a transaction, it sits in the mempool for a short time before confirmation. A powerful quantum computer could theoretically analyze the transaction signature in this brief window, crack the private key, and broadcast a competing transaction to steal the funds. Therefore, BIP-360 is seen not as a final solution but as an essential first layer of defense, buying time for more comprehensive post-quantum cryptographic signatures to be developed and deployed. Defense Type Protected By BIP-360 Not Protected By BIP-360 Funds in unused addresses (cold storage) Yes No Funds during transaction broadcast (mempool) No Yes Understanding the Quantum Computing Risk The threat stems from quantum computers leveraging algorithms like Shor’s algorithm, which can efficiently solve the mathematical problems underlying Bitcoin’s current Elliptic Curve Digital Signature Algorithm (ECDSA). While a cryptographically relevant quantum computer does not exist today, experts agree it is a matter of “when,” not “if.” Governments and corporations worldwide are investing billions in quantum research. The cryptographic community operates on a “store now, decrypt later” threat model, where adversaries could be collecting encrypted data today to decrypt it once quantum computers are viable. For Bitcoin, this makes proactive upgrade planning not just prudent but essential for long-term survival. Furthermore, the transition poses immense technical and social challenges. Any new cryptographic system must not only be quantum-resistant but also maintain Bitcoin’s core properties of decentralization, scalability, and auditability. Potential solutions include lattice-based cryptography, hash-based signatures, or multivariate cryptography. Each option carries trade-offs in signature size, verification speed, and key management, requiring extensive analysis. The seven-year timeline, therefore, reflects the complexity of achieving both technical excellence and decentralized consensus on a global scale. The Global Context and Industry Impact Bitcoin’s quantum preparedness race occurs within a broader technological landscape. Governments, including the United States’ National Institute of Standards and Technology (NIST), are already standardizing post-quantum cryptographic algorithms for traditional systems. The financial and communications sectors face similar deadlines. Bitcoin’s decentralized nature, however, makes its upgrade path uniquely complex compared to centrally managed systems. A failure to prepare could undermine the entire premise of Bitcoin as a secure, long-term store of value, potentially triggering a loss of confidence and capital flight long before a quantum computer is even built. Conversely, successfully navigating this transition would represent one of the most significant technical achievements in Bitcoin’s history. It would demonstrate the network’s resilience and adaptability, potentially strengthening its value proposition. The process also highlights the critical importance of continued funding and support for open-source cryptographic research within the Bitcoin ecosystem. The seven-year clock has started, and the community’s response will be closely watched by the entire digital asset industry and the wider field of cybersecurity. Conclusion The research indicating Bitcoin needs at least seven years to prepare for quantum threats serves as a crucial wake-up call. The integration of BIP-360 marks the starting line for a marathon of technical development, testing, and community coordination. While the timeline appears long, the required work is profound and must be executed with extreme care to preserve the network’s security and integrity. The quantum threat to Bitcoin is no longer a theoretical concern but a practical engineering challenge with a defined, urgent schedule. The global cryptocurrency community must now focus its expertise on this critical path to ensure the world’s premier blockchain remains secure in the post-quantum era. FAQs Q1: What is the main quantum threat to Bitcoin? The primary threat is that a sufficiently powerful quantum computer could use Shor’s algorithm to derive the private key from a public key visible on the blockchain, allowing it to steal funds from certain types of Bitcoin addresses. Q2: Why does the upgrade take an estimated seven years? The timeline accounts for the time needed to research, propose, test, and achieve consensus on a new quantum-resistant cryptographic standard across Bitcoin’s vast, decentralized global network without causing a disruptive split. Q3: What does BIP-360 actually do? BIP-360 is a foundational proposal designed to protect Bitcoin held in addresses that have never been used to spend (cold storage) by changing how those funds are spent, providing a first layer of defense against one type of quantum attack. Q4: Does BIP-360 make Bitcoin completely quantum-safe? No. BIP-360 has limitations and does not protect transactions during the brief period they are broadcasted and sitting in the mempool. It is considered a first step, not a complete solution. Q5: Is a quantum computer that can break Bitcoin available today? No. A cryptographically relevant quantum computer capable of breaking Bitcoin’s ECDSA encryption does not currently exist. However, researchers and governments are actively working toward this technology, making proactive preparation essential. This post Bitcoin’s Critical 7-Year Race: Urgent Quantum Threat Timeline Revealed by Researcher first appeared on BitcoinWorld .
Bitcoin’s market dominance has plateaued after recent volatility and market consolidation. Alternative cryptocurrencies maintain solid positions, diluting Bitcoin’s overall market share. Continue Reading: Bitcoin’s Market Share Stalls as Crypto Landscape Grows More Fragmented The post Bitcoin’s Market Share Stalls as Crypto Landscape Grows More Fragmented appeared first on COINTURK NEWS .
Ripple UK Director Cassie Craddock welcomes Société Générale-FORGE's EURCV stablecoin launch on XRP Ledger, citing latest on-chain data and the use of Ripple custody tech.
In ONDO, while RSI at 43.83 shows neutral momentum, MACD's positive histogram gives a mild bullish signal. A bearish short-term trend dominates below EMA20, and Bitcoin's downtrend is increasing pr...
Mizuho Securities is betting that Bitgo’s institutional-grade custody model will outweigh its bruising 50% post-IPO decline, initiating coverage with an Outperform rating and a $17 price target. ‘Military-Grade’ — Mizuho Backs Bitgo’s Infrastructure Play Despite Stock Slump In a Feb. 17 note, Mizuho analysts Dan Dolev and Alexander Jenkins launched coverage of Bitgo Holdings Inc.
BitcoinWorld SUI Spot ETF Makes Historic Leap: Canary Capital’s Nasdaq Debut Unlocks Staking Rewards for Mainstream Investors NEW YORK, NY – In a landmark development for digital asset integration, the Canary SUI spot ETF (ticker: SUIS) commenced trading on the Nasdaq Global Market today, marking a pivotal evolution in how traditional investors access cryptocurrency. This novel exchange-traded fund, launched by Canary Capital with the endorsement of the Sui Foundation, uniquely tracks the native SUI token’s price while also incorporating returns generated from staking rewards, a first-of-its-kind structure for a major US exchange. Consequently, this launch represents more than just a new listing; it signifies a maturation point where blockchain-native financial mechanics enter the mainstream investment toolkit. The SUI Spot ETF Structure and Market Mechanics Canary Capital’s SUIS ETF operates through a clear, transparent mechanism designed for regulatory compliance and investor clarity. Primarily, the fund holds physical SUI tokens in secure, institutional-grade custody. Subsequently, a portion of these assets participates in the Sui network’s delegated staking protocol. This process generates staking rewards, which the fund accrues and periodically reflects in its net asset value (NAV). Therefore, the ETF’s performance derives from two core components: the market price appreciation or depreciation of SUI and the yield from its staking activities. This dual-source return model addresses a long-standing critique of first-generation crypto ETFs. Previously, spot Bitcoin ETFs, while groundbreaking, offered no yield, essentially creating a drag compared to direct ownership where investors could pursue various yield-generating strategies. The SUIS model innovatively bridges this gap. For instance, analysts point to its structure as a potential blueprint for future token-specific funds, especially for proof-of-stake layer-1 blockchains like Sui, Ethereum, and Solana. Comparative Analysis: SUIS vs. Other Crypto Investment Vehicles Understanding the SUIS ETF’s position requires a brief comparison with existing options. The table below outlines key differences: Investment Vehicle Direct SUI Purchase Bitcoin Spot ETF (e.g., IBIT) Canary SUI Spot ETF (SUIS) Underlying Exposure Direct SUI token Direct Bitcoin Direct SUI token Staking Rewards Available (self-managed) Not Available Integrated into fund NAV Custody & Security Investor responsibility Fund/provider responsibility Fund/provider responsibility Trading Venue Crypto Exchanges Traditional Stock Exchange Traditional Stock Exchange (Nasdaq) Tax Documentation Complex (self-reporting) Simplified (1099 form) Simplified (1099 form) As shown, the SUIS ETF provides a hybrid solution. It merges the convenience and regulatory familiarity of a traditional brokerage account with the economic benefits of participating in a proof-of-stake network. This structure potentially lowers the technical barrier for financial advisors and institutional allocators previously hesitant to navigate private keys and validator selection. Regulatory Pathway and the Sui Foundation’s Role The approval and launch of SUIS did not occur in a vacuum. It follows a multi-year period of regulatory engagement and market development. The U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs in early 2024 established a crucial precedent. However, launching an ETF for a newer, staking-enabled asset like SUI required additional layers of disclosure and structural design to satisfy regulatory concerns regarding custody, valuation of staking yields, and market manipulation risks. The Sui Foundation, as the steward of the Sui network, played a foundational role in this process. The organization provided critical technical and economic data to Canary Capital and regulators, including: Network Security Audits: Independent validation of the Sui blockchain’s consensus mechanism and staking infrastructure. Staking Reward Models: Transparent, historical data on reward rates and their volatility. Market Liquidity Analysis: Evidence of sufficient trading volume to support the creation/redemption mechanism of the ETF. This collaborative, evidence-based approach exemplifies the increasing sophistication of blockchain projects engaging with traditional capital markets. Furthermore, it highlights a shift from purely speculative assets to those with defined utility and yield-generating capabilities that can be modeled and assessed by traditional finance frameworks. Immediate Market Impact and Investor Implications The initial trading session for SUIS saw moderate volume, characteristic of a new product finding its footing among market makers and early adopters. However, the broader implications are significant. Firstly, the ETF provides a regulated, liquid conduit for institutional capital to flow into the Sui ecosystem. This can enhance network security by increasing the total value staked and potentially stabilize token economics through more diversified ownership. For the average investor, the introduction simplifies access dramatically. Instead of setting up accounts on digital asset exchanges, navigating wallets, and selecting validators, an investor can now buy shares of SUIS through any standard brokerage account like Fidelity or Charles Schwab. This seamless integration demystifies the process. Moreover, it allows for easy portfolio allocation, tax-loss harvesting, and inclusion in retirement accounts like IRAs, which was logistically challenging with direct crypto ownership. Financial experts caution, however, that the ETF does not eliminate the inherent risks of cryptocurrency investing. The price of SUI remains volatile. Additionally, staking rewards are not guaranteed and fluctuate based on network participation and protocol parameters. The ETF’s management fee, while competitive, also slightly reduces net returns compared to a perfectly executed direct staking strategy. Nevertheless, for most investors, the trade-off for convenience, security, and regulatory clarity is compelling. The Future of Staking-Reward ETFs and Broader Trends The successful launch of SUIS likely signals the beginning of a new ETF sub-sector. Asset managers are undoubtedly scrutinizing its structure as a template for other proof-of-stake assets. Ethereum, with its significantly larger market capitalization and established staking ecosystem, is the most obvious candidate for a similar product. Analysts suggest that the SEC’s comfort with the SUIS model could accelerate filings for other layer-1 and even decentralized finance (DeFi) yield-generating strategies, provided they can be reliably custodial and priced. This trend aligns with the broader movement of “financialization” within blockchain. Native crypto-economic activities—staking, lending, liquidity providing—are being packaged into familiar financial products. This process unlocks trillions in traditional capital but also introduces new interdependencies between crypto-native systems and legacy finance. Observers will closely monitor how the redemption mechanisms of such ETFs function during periods of extreme market stress or network congestion. Conclusion The debut of the Canary SUI spot ETF on Nasdaq is a transformative event, not merely for the Sui ecosystem but for the entire digital asset landscape. By successfully integrating staking rewards into a regulated exchange-traded fund, it breaks new ground in product innovation. This SUI spot ETF offers mainstream investors a streamlined, secure, and familiar vehicle to gain exposure to both the capital appreciation and the native yield of a leading blockchain network. Ultimately, its success will be measured by its adoption, but its launch unequivocally marks another step toward the sophisticated integration of cryptocurrency into the global financial system. FAQs Q1: What is the ticker symbol for the Canary SUI spot ETF? A1: The ETF trades on the Nasdaq under the ticker symbol SUIS . Q2: How does the ETF generate yield from staking? A2: The fund’s custodian stakes a portion of the physically held SUI tokens on the Sui network. The staking rewards earned are accrued by the fund and periodically contribute to its Net Asset Value (NAV), benefiting shareholders. Q3: Can I buy the SUIS ETF in my retirement account? A3: Yes, because it trades on a traditional stock exchange (Nasdaq), shares of SUIS can typically be purchased in standard brokerage, IRA, and 401(k) accounts that allow stock trading, subject to your specific plan’s rules. Q4: How does this ETF differ from a spot Bitcoin ETF? A4: While both hold the underlying cryptocurrency, a spot Bitcoin ETF (like IBIT or FBTC) does not generate yield. The SUIS ETF is structurally different because it incorporates staking rewards from the proof-of-stake Sui network into its returns. Q5: What are the primary risks of investing in the SUIS ETF? A5: Key risks include the high volatility of SUI’s market price, fluctuations in staking reward rates, regulatory changes affecting crypto or ETFs, operational risks related to custody and staking, and the management fees of the fund itself. This post SUI Spot ETF Makes Historic Leap: Canary Capital’s Nasdaq Debut Unlocks Staking Rewards for Mainstream Investors first appeared on BitcoinWorld .
The rise of artificial intelligence is likely to displace millions of workers in quick order, triggering sizable credit defaults, said Hayes.