Nearly 10% of Bitcoin supply is ‘structurally unsafe’ from quantum breakthrough: Glassnode
Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” from a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode.
Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post.
Bitcoin creator Satoshi Nakamoto’s coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses.
Ethereum traders say bears ‘in control’ after ETH price drop to $2K
Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.
Data from TradingView shows ETH price trading at $2,131, down 12% below its local high of $2,420 reached on May 6. On Sunday, ETH/USD hit $2,090 on Bitstamp, its lowest level since April 17.
The bearish sentiment could be returning to Ether’s market as a key metric from Binance, the largest crypto exchange by trading volume, shows that sellers are starting to dominate the platform’s volumes.
Ethereum is down 8.44% over the past 30 days. (CoinMarketCap)
The Binance taker buy volume, which measures the total dollar amount of aggressive sell orders placed by traders on Binance futures, climbed above $1.1 billion within an hour on Sunday as ETH moved toward levels below $2,100.
Ether pullback was ‘attractive opportunity’ for 71,672 ETH buy: Bitmine’s Lee
Bitmine Immersion Technologies chairman Tom Lee said the crypto treasury company took advantage of a recent…
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