Perp DEX edgeX launches its $EDGE TGE tonight with 25% airdrop unlocked, as closed X comments stoke community concerns over transparency and distribution.

Decentralized perpetual exchange edgeX will finally launch its native token $EDGE tonight, holding its long-awaited token generation event at 20:30 Beijing time on March 31, 2026, after previously delaying the sale to “ensure stability” and avoid further date changes. The TGE and initial exchange listings are set to go live on the same day, with platforms like Phemex and others noting that the event marks “a significant milestone” for the derivatives-focused protocol. But the build-up has not been entirely smooth: community members have criticized edgeX after the team quietly closed comments on its TGE countdown post on X without explanation, stoking concerns about transparency around the airdrop and early distribution.

edgeX, which positions itself as a “real trading + revenue-driven” perpetual DEX rather than a zero-fee yield farm, has attracted sizable liquidity and volume ahead of launch. According to a December update on MEXC, co-founder KF.edge told a community call that edgeX already processed about $2.28 billion in 24-hour trading volume and had $775 million in open interest, placing it in the same conversation as rivals like Hyperliquid and Aster. A July 2025 report from DL News said the project’s deposits “grew to over $100 million in July, a 1,000% increase since the start of the month,” while monthly perpetuals volume hit roughly $13 billion at its peak, underscoring the scale of airdrop expectations.

The $EDGE token will have a fixed supply of 1 billion units, with 25% earmarked for community airdrops at TGE and fully unlocked from day one, a design that mirrors earlier distributions from competitors like Hyperliquid and has energized points farmers and NFT holders. As MEXC summarized, “25% of EDGE tokens will distribute at TGE to points and NFT holders; points capped at 7,310,000,” with additional pre-TGE trading rewards paid out separately from the initial allocation. The team has framed this approach as a way to “reward real traders,” arguing in a Binance pre-market post that EDGE is “not about the complexity on the chain, but rather turning the experience towards CEX” while maintaining non-custodial infrastructure under the hood.

At the same time, the decision to close comments under the official TGE countdown on X, despite heavy airdrop marketing, has raised eyebrows among users who worry about unseen allocation changes or undisclosed investor terms. One Binance Square post touting pre-market trading urged users to “get ready to charge” and “comment ‘666’ in the comments if you want to join,” but subsequent promotional posts saw comments disabled, limiting public questioning about vesting, market makers or potential listing spreads.

Even before spot and standard perpetual contracts go live, Binance Futures has opened EDGEUSDT pre-market trading with up to 5x leverage, allowing traders to speculate on $EDGE pricing ahead of TGE. Binance said pre-market contracts will be “converted to standard perpetual futures contracts gradually,” once the token is live on exchanges, giving early participants a bridge into regular derivatives markets.

For previous coverage of derivatives-focused DeFi growth, readers can look to a crypto.news story on zero-knowledge proof investments and scalable infrastructure for high-throughput trading, another story detailing how crypto ETF flows have reshaped leverage and volatility in perpetual markets, and a third story on emerging VR and gaming projects tapping on-chain derivatives rails for novel incentive models. If you include the $EDGE market later, remember to link the token name once to its dedicated price page in the crypto.news market-cap section.

Google Quantum AI researchers have published a study suggesting that the cryptography safeguarding Bitcoin and Ethereum could be cracked with far fewer quantum hardware resources than previously believed. The work, released this week, estimates that a practical quantum computer might break the 256-bit elliptic curve cryptography (ECDLP-256) used by major blockchains with under 500,000 physical qubits, given current hardware assumptions.

In tests conducted on superconducting-qubit cryptographically relevant quantum computers, the researchers demonstrated a 20-fold reduction in the number of qubits needed to derive the private key from a public key, a step that underpins the security of most cryptocurrency accounts. The paper highlights a scenario in which a quantum attacker could recover a Bitcoin private key in about nine minutes, potentially enabling an “on-spend” attack within Bitcoin’s typical 10-minute block interval.

“We should estimate the time required to launch an on-spend attack starting from this primed state at the moment the public key is learned to be roughly either 9 minutes or 12 minutes.”

One of the authors, Ethereum researcher Justin Drake, publicly acknowledged growing confidence in a quantum-day timeline. In a social post, he suggested there’s a meaningful chance that by 2032 a quantum computer could recover a private key from an exposed public key, noting specifically that this is not merely a theoretical concern but a material possibility on the horizon.

Ethereum’s “at-rest” risk compounds the challenge

The Google study also casts light on what it calls an “at-rest” vulnerability in Ethereum’s account model. Unlike the Bitcoin scenario, where an attacker would need to time their attack to a specific moment, an at-rest attack relies on a public key that has already been revealed when an account first transacts. Once that public key becomes visible on the blockchain, a quantum adversary could take their time to derive the corresponding private key, potentially compromising the account at any future point.

The researchers warn that this is a systemic exposure that cannot be mitigated merely by user behavior. It argues for a protocol-wide shift to post-quantum cryptography (PQC) to harden security before credible threats can materialize.

Google estimated that the top 1,000 Ethereum accounts, collectively holding around 20.5 million ETH, could be cracked in fewer than nine days under certain quantum scenarios. The finding underscores a key distinction: Bitcoin’s risk window is time-bound, while Ethereum’s exposure could be persistent once a public key has left the user’s control.

The paper ties these technical insights to a broader warning for the crypto community: the clock toward quantum threats is moving faster than many had anticipated, and transitional security measures are urgently needed.

Google’s research is part of a broader push to raise awareness about quantum risk in crypto and to offer concrete recommendations for security upgrades. The team argues that the community should accelerate the adoption of PQC and begin transitioning systems now, rather than wait for a real quantum attack to materialize.

What changes are on the horizon for post-quantum security?

The research arrives amid a wave of activity around post-quantum cryptography and blockchain security. In parallel with the study’s release, Google signaled a firm deadline for its own post-quantum cryptography migration: 2029. While this timeline is specific to Google’s internal deployment, it has intensified industry discussions about how quickly protocols, wallets, and consensus layers across major networks must evolve.

Industry voices have varied in their assessment of the urgency. Nic Carter, a crypto researcher and commentator, summarized the tension in a recent thread, noting that elliptic-curve cryptography could be “on the brink of obsolescence.” He argued that Ethereum developers have already started exploring post-quantum approaches, while Bitcoin communities have been slower to adopt such changes. Carter’s assessment reflects a broader concern that, even if the risk is not imminent for all networks, the potential for accelerated disruption is real and requires proactive planning.

On the development front, Ethereum’s community has been alert to quantum risk for some time. The Ethereum Foundation released a post-quantum security roadmap earlier this year, outlining the kinds of changes needed to signatures, data storage, account structures, and cryptographic proofs to withstand quantum-era threats. Vitalik Buterin himself has highlighted the need for substantial updates across validator signatures, storage formats, accounts, and proofs to build resilience against future quantum capabilities.

Google’s paper and the ensuing discussion have heightened attention on how networks can migrate toward quantum-resistant schemes. The recommendations call for a coordinated transition that minimizes user disruption while upgrading core cryptography, a complex engineering challenge that spans client implementations, node operators, and ecosystem tooling.

Why this matters for investors, users, and builders

The potential for quantum-assisted breaches touches several layers of the crypto stack. For investors, it introduces a strategic risk horizon that could compress security timelines and affect long-hold strategies for large holdings, especially if the most valuable accounts rely on exposed public keys. For users, the findings emphasize the importance of wallet and key-management practices that minimize exposure of public keys and support seamless upgrades to quantum-resilient schemes. For builders and developers, the message is clear: security audits, protocol upgrades, and cross-ecosystem interoperability will need to accelerate in tandem with cryptographic research.

The divergence in risk models between Bitcoin and Ethereum also highlights how different design choices influence vulnerability. Bitcoin’s on-spend risk translates into a window of opportunity for attackers, whereas Ethereum’s account model could face a broader, systemic threat if and when quantum-ready cryptography is not universally deployed. The study’s authors stress that this is not a distant concern but a practical risk requiring immediate attention from protocol designers, wallet providers, and exchanges alike.

What to watch next

As the crypto industry digests Google’s findings, the next several quarters will likely feature intensified focus on post-quantum readiness. Key areas to watch include: the pace of PQC standardization and adoption across major platforms, the ability of wallet providers to roll out user-friendly upgrades, and how layer-2 ecosystems and centralized services handle migration without disrupting service. The Ethereum Foundation’s roadmap and ongoing development work on quantum-resistant signatures and proofs will be critical to gauge whether practical, broad-based adoption can start within a few years. Meanwhile, Bitcoin developers face the challenge of aligning security upgrades with long-standing principles of decentralization and backward compatibility.

Experts caution that even with a clear migration path, incentives and coordination across a diverse set of actors will determine how quickly the ecosystem can transition. The study’s authors emphasize a proactive stance: by beginning the transition now, networks can reduce the risk of a sudden, disruptive quantum-enabled event in the future.

In sum, the Google study reframes the quantum threat as both more tangible and more nuanced than earlier forecasts suggested. It underscores the urgency of moving toward post-quantum cryptography while acknowledging the complexity of achieving a seamless, ecosystem-wide upgrade. For market participants, the message is practical: begin planning today, monitor progress on standards, and be prepared for the first wave of PQC-enabled solutions to arrive sooner than expected.

Readers should keep an eye on updates from major blockchain projects, standard-setting bodies, and security researchers as the push toward quantum resilience accelerates. The question is not merely whether quantum computers will crack current cryptography, but how quickly the industry can adapt to ensure the security of stored value and the integrity of decentralized networks in a quantum-enabled era.

Key Takeaways:

• Legislative Scope: The Mined in America Act creates a voluntary Commerce Department certification for mining facilities that commit to phasing out hardware from foreign adversaries, with full transition required by end of decade.
• Federal Access: Certified miners unlock existing DOE and USDA programs for grid stabilization, renewable absorption, and methane capture – no new federal spending required.
• Reserve Pipeline: The bill codifies Trump’s Strategic Bitcoin Reserve and creates a mechanism for certified U.S. miners to sell newly mined BTC directly to the reserve in exchange for capital gains tax exemptions.
• Hardware Vulnerability: Late 2024 customs inspections found firmware vulnerabilities in Chinese mining rigs enabling potential remote access – the security case underpinning the bill’s hardware phase-out mandate.
• What to Watch: Committee assignment to Senate Commerce or Energy and Natural Resources – that referral determines hearing timeline and amendment exposure for the incentive structure.

European currencies continue to weaken against the US dollar amid rising geopolitical tensions and increased demand for safe-haven and liquid assets. Market participants are reducing exposure to riskier instruments, putting pressure on both the euro and the pound. Additional support for the dollar comes from expectations surrounding upcoming US macroeconomic data, which may confirm economic resilience and reinforce the Federal Reserve’s hawkish stance.

Escalating tensions in the Middle East remain a key driver for the FX market. Intensifying conflict, risks of disruptions to energy supplies, and rising oil prices are fuelling inflation expectations and boosting demand for the dollar. In such conditions, European currencies remain under pressure as investors favour safer assets over risk-sensitive ones.

EUR/USD

EUR/USD continues to decline and is approaching its yearly lows, remaining under pressure following the recent bearish impulse. The failure of buyers to secure a foothold above 1.1640 last week allowed sellers to regain control and push the pair towards the recent low near 1.1440. Yearly lows are now within close reach, and weaker eurozone data or stronger US figures could intensify the downside, potentially leading to a break below 1.1400.

At the same time, if 1.1440 holds as support, a corrective rebound towards 1.1520–1.1540 may unfold.

Key events for EUR/USD:

• today at 09:00 (GMT+2): German retail sales
• today at 10:55 (GMT+2): change in German unemployment
• today at 17:00 (GMT+2): US CB consumer confidence index

GBP/USD

GBP/USD is showing more pronounced weakness, having already refreshed its yearly lows amid impulsive selling pressure. The pound is weighed down by a combination of external factors, including US dollar strength, and domestic uncertainty related to the outlook for Bank of England monetary policy.

Technical analysis suggests the possibility of a corrective move higher towards 1.3250–1.3280; however, under current conditions such a recovery is likely to be limited ahead of a potential resumption of the downward move.

Key events for GBP/USD:

• today at 09:00 (GMT+2): UK GDP
• today at 09:00 (GMT+2): UK current account balance
• today at 14:30 (GMT+2): US JOLTS job openings

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Archblock, TrustToken, and TrueCoin, the firms originally behind stablecoin TrueUSD, have declared Chapter 11 bankruptcy protection, citing Techteryx’s failure to pay invoices and Archblock being defrauded by “a sophisticated criminal enterprise working out of Eastern Europe.”

This comes after Archblock and its sister firms became embroiled in a series of calamities and legal disputes and sold several key parts of its business.

Techteryx and Justin Sun

The affidavit of Michael Blank, the current general counsel for Archblock, claims that in 2020, Archblock committed to “a significant downsizing, materially reducing its burn rate and extending its operational runway.”

In order to achieve this, it made the choice to sell TrueUSD.

Specifically, it chose to sell it to Justin Sun-connected Techteryx.