Crypto Market Navigates Mixed Signals: Bitcoin Faces Losses & Bullish Signs, Ethereum Plans Quantum Resistance, XRP Patches Critical Flaw
Crypto Market Navigates Mixed Signals: Bitcoin Faces Losses & Bullish Signs, Ethereum Plans Quantum Resistance, XRP Patches Critical Flaw
The cryptocurrency market is experiencing a period of mixed signals, with Bitcoin seeing both significant losses for miners and positive on-chain indicators. Major miner MARA reported a substantial quarterly loss due to Bitcoin's slump, while law enforcement in South Korea also faced a considerable loss of seized BTC. Conversely, an analyst suggests Bitcoin's selling pressure is nearing exhaustion, and the number of wallets holding 100 BTC or more is growing, viewed as a bullish sign.
Ethereum is looking ahead, with Vitalik Buterin outlining a roadmap for quantum resistance to future-proof the network, even as an analyst predicts Ether could remain 'subdued' in the near term. XRP Ledger addressed a critical vulnerability, which was successfully patched before reaching the mainnet thanks to AI bug detection. Meanwhile, Australian crypto executives express optimism despite broader market challenges, and reports indicate a surge in ransomware attacks while payments decline, suggesting increased regulatory pressure. Broader tech trends also show companies like Jack Dorsey's Block reducing headcount due to AI advancements.
MARA reported a $1.71 billion quarterly loss as Bitcoin fair‑value markdowns hit earnings, and the company laid out a major push into AI and high‑performance compute.
The AI bug hunter scanned the Ripple blockchain codebase to catch the vulnerability before it was deployed, enabling engineers to patch it.
Self-managed super funds are becoming a vehicle for Australians to invest in digital assets as traders search for ways to diversify their holdings.
Police seized the Bitcoin in 2021 but stored it in a third-party wallet, which was later accessed by unauthorized parties, with the loss remaining undiscovered for four years.
Bitcoin has been given some reprieve to trade sideways for a few weeks, but it likely won’t fully recover until the fourth quarter, says analyst Willy Woo.
Swyftx analyst Pav Hundal says near-term risks are already priced in, and without new catalysts, Ether may trade sideways.
A new Chainalysis report suggests ransomware attackers are “working harder for diminishing returns” as regulatory pressure and refusals to pay have hurt ransom proceeds.
Ethereum’s co-founder says validator signatures, data storage, accounts and proofs must change to prepare for quantum threats.
The number of wallets holding 100 BTC is close to 20,000, a milestone some analysts view as a sign of improving holder distribution.
In a shareholder letter, Dorsey said he expects other companies to follow suit soon and reduce headcount in the wake of AI advancements.