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Google Quantum AI Paper Rewrites Threat Timeline for Bitcoin, Ethereum Security

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A whitepaper co-authored with the Ethereum Foundation and Stanford researchers slashes qubit estimates by 20x, warns that billions in crypto assets are exposed to multiple attack vectors.

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Crypto World

Huawei’s cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals

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Consumers browse Huawei phones in a shopping mall in Yantai, Shandong Province, China on March 8, 2026.

Cfoto | Future Publishing | Getty Images

Huawei’s push to develop its own artificial intelligence chip has yet to drive the double-digit revenue gains of its peers, as Chinese companies strive to narrow the gap with the U.S. on AI.

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Cloud computing revenue from external customers fell by 3.5% in 2025 to 32.16 billion yuan ($4.6 billion), Huawei said. The company is the second-largest cloud provider in mainland China.

While overall cloud revenue including internal customers rose by 4.8% to 72.8 billion yuan, the main ICT infrastructure segment reported revenue growth that slowed to 2.6%, down from 4.9% in 2024.

That’s the segment that would include Huawei’s self-developed Ascend AI chip solutions, meant to rival Nvidia. Huawei’s total ICT revenue for 2025 was 375.01 billion yuan.

The U.S. has restricted Chinese companies’ access to the most advanced Nvidia chips, while Beijing has urged tech self sufficiency at home.

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Huawei’s decline in cloud revenue to external customers comes as ByteDance has rapidly grown its AI cloud business in China in the last several months, albeit from a small base.

The TikTok owner is reportedly ramping up access to high-end Nvidia chips in a partnership deal with a planned Malaysia data center. ByteDance and Alibaba also plan to place orders of Huawei’s new AI chip, Reuters reported last week, citing sources. ByteDance declined to comment. The two other Chinese companies did not immediately respond to a CNBC request for comment.

U.S.-developed AI tools are generally considered the most capable in the world, although some Chinese models have shown an edge in video generation. Not all U.S. AI models are officially accessible in mainland China.

Huawei’s modest cloud growth figures come amid rapid industry expansion worldwide and slower economic growth in China.

Globally, spending on cloud infrastructure services rose by 29% in the fourth quarter in a sixth-straight quarter of market expansion of more than 20%, according to Omdia. The firm predicts 27% cloud growth in 2026.

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Earlier this month, Alibaba, the largest cloud computing company by market share in mainland China, reported a 36% increase in segment revenue to 43.28 billion yuan in 2025. Tencent said increased cloud service revenues domestically and internationally helped drive a 22% year-on-year increase in business services revenue in 2025.

Local promotions this month in China for AI tool OpenClaw have also encouraged many locals to download the agent and pay for related cloud and AI model services. China’s consumer spending has remained tepid since the pandemic.

Consumer revenue slows

Huawei smartphones ranked first in China last year by shipments, up by 1.7%, according to Counterpoint. But the Chinese company lost ground to Apple toward the end of 2025 after the iPhone 17’s release.

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For 2025 overall, the telecommunication giant reported revenue of 880.9 billion yuan, up 2%, on net profit of 68 billion, up around 8% from a year ago.

The company spent a record 192.3 billion yuan in research and development, or 21.8% of revenue.

“In 2025, Huawei’s overall performance remained steady,” Sabrina Meng, Huawei’s rotating chairwoman, said in a brief statement, which also expressed gratitude to customers, partners and employees.

The intelligent automotive solutions unit saw revenue of 45.02 billion yuan, with growth slowing to 72% year-on-year, down from a whopping 474.4% in 2024, as the autos business captured an initial surge in electric vehicles. Huawei partners with several automobile manufacturers for in-car software and driver-assist technology.

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Crypto World

Bitcoin, Stocks Pile On Gains As US, Iran Consider Ending War

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Bitcoin, Stocks Pile On Gains As US, Iran Consider Ending War

Bitcoin held gains above $68,000 as investors leaned into news that the US and Iran were ideating ways to end the war. Will markets hold their newfound bullishness?

Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump’s statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war. 

On Tuesday, reporting from The Wall Street Journal said that President Trump told his aides that he could consider ending the war in Iran, with the Straight of Hormuz remaining partially closed, but an official statement has not been given. 

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Unconfirmed reports also suggest that Iran’s president is looking for a way to exit the conflict with certain assurances being made by the US and Israel. Regardless of the accuracy of the statements from either president, the DOW gained more than 1,125 points, while the S&P 500 and Nasdaq gained 2.91% and 3.83%, respectively. 

Despite the strong performance seen across markets, Cointelegraph reported that crypto traders are skeptical of Bitcoin holding its current gains. Analysts suggested that a daily close above the 50-day moving average and $68,879 are key to establishing an early trend change and potentially clearing overhead short liquidity, which could trigger a liquidation-driven rally to $82,000.  

Related: Bitcoin hits $68K but BTC futures, macro data show traders remain bearish

A lack of confidence is the current culprit 

Beyond US macroeconomic conditions and the forecasted longer-term negative impact of the US and Israel-Iran war on energy, goods and services costs, the weakness of spot demand in the Bitcoin market continues to cap most price breakouts. 

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As shown in the chart below, open interest in the Bitcoin futures market, along with spot demand have remained relatively flat since the Feb. 6 sell-off below $60,000. This suggests that a majority of the price action is driven by news headlines, equities and perpetual futures markets, as the absence of investors making sustained directional bets in each market (futures and spot) leaves BTC price range-bound.   

BTC/USDT 4-hour chart. Source: Velo

Earlier reporting from Cointelegraph also highlighted short-term traders holding positions below their cost basis ($85,800) and stablecoin inflows to crypto exchanges near a two-year low, further evidence that traders remain extremely cautious and are electing not to take strong directional bets in the market.