Bitcoin developers need to swallow their pride and outline a clear plan to harden the blockchain against quantum computing attacks, according to Capriole Investments founder Charles Edwards. He says the day they finally bite the bullet, the price will respond very quickly.

“If the Bitcoin core team says in two or three months: ‘this is our roadmap, we’re gonna solve it in the next two years, these are the rough steps we’ll take,’ that would be amazing news,” Edwards tells Cointelegraph on Trade Secrets. 

“I think that would discount a lot of the risk pretty much overnight,” Edwards says.

The question of whether Bitcoin developers should modify the network to make its cryptography quantum-resistant has sparked heated debate within the Bitcoin community, with some arguing that major changes could conflict with Bitcoin’s core ethos. Others claim quantum computers are many years away, and a rushed cure could be worse than the disease.

Advertisement

Charles Edwards says a clear roadmap could push price up “very quickly”

Edwards often highlights the risk of quantum computing to Bitcoin to his 132,800 X followers. The fear is that, one day, powerful enough quantum computers could break the cryptography that protects the Bitcoin network and potentially compromise Bitcoin wallets.

The uncertainty has impacted investor sentiment, and some analysts say it has contributed to the downfall in Bitcoin’s price. The world’s largest asset manager, BlackRock recently pointed to quantum computing as a potential long-term risk in materials for spot Bitcoin ETF investors. 

However, Edwards says if Bitcoin developers outline a clear roadmap to address the quantum threat, as some other chains have already done, it could send Bitcoin’s price higher “very quickly.” 

Source: Charles Edwards

“Double digits probably,” Edwards predicts. He adds the quantum issue is “somewhat counterintuitively an upside catalyst potential,” because it is currently on the back burner and the Bitcoin Improvement Proposals (BIPs) to date are “not really” a genuine solution.

Advertisement

Edwards is no stranger to making high-conviction calls on Bitcoin. Based in Melbourne, Australia, he founded Capriole Investments in 2019, a hedge fund focused on Bitcoin and digital assets. The firm uses a combination of quantitative models, AI, and macroeconomic analysis to guide its investment strategy across crypto markets.

Related: StarkWare CEO suggests 4% annual Bitcoin inflation to replace 21M cap

Charles Edwards says Bitcoin is 40% below its fair value

A growing number of observers worry the risk could become more serious if Bitcoin developers fail to make the necessary changes to the network before 2030. Ethereum is due to complete it’s post quantum overhaul by 2029, which will shine a spotlight on Bitcoin’s own preparations.

Bitcoin is trading at $65,270 at the time of publication. Source: CoinMarketCap

Edwards estimates that Bitcoin is currently around 40% below what he considers its fair value based on energy value, while arguing that quantum risk accounts for roughly a 30% discount. “That means it’s more than priced in,” Edwards said. Bitcoin is trading at $65,270 at the time of publication, roughly 49% below its October all-time highs of $126,100.

Advertisement

Edwards clarifies that Bitcoin’s current price reflects the quantum risk based on the information available today, rather than any unknown future developments that could accelerate the threat and tank the price further. 

His estimate is based on the timelines outlined by leading quantum computing companies and researchers for when “Q Day” could arrive, the point at which quantum computers become powerful enough to reverse engineer private keys from public keys. 

“That sits in that four to five year range, give or take, a few years,” Edwards says.

Edwards says he also factors in the time Bitcoin would need to develop and implement a solution, which BIP-360 author Ethan Heilman estimates could take years.

Advertisement

“If we’re gonna get into maths, it’s pretty simple; it is just an aggregation of those expert opinions. So it’s based on that, and based on the fact that there’s currently no solution for Bitcoin.”

“That risk again falls significantly if there’s a solution or if there’s a roadmap to a solution. But it also could grow if tomorrow we find out that Google is, you know, twice as far ahead on their roadmap to Q Day or some other major company,” he said.

“It’s priced in today, but it’s not to say that it can’t get worse or better. It’s just I think it’s skewed more probabilistically to the upside from here,” Edwards says.

Magazine: Bitcoin’s quantum dilemma: Bigger blocks or STARK proofs?

Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.

Source link

Bitcoin price is holding up better than many risk assets despite a bearish prediction. BTC is trading near $65,500 after briefly slipping toward $64,600 intraday. That relative resilience stands out after the recent wave of selling. Still, the next move remains less certain than the rebound suggests.

The latest pullback followed renewed pressure across risk assets as investors trimmed exposure to growth and technology names. Bitcoin remains well below its cycle high near $126,000, while market value has contracted sharply. Meanwhile, margin-related selling added pressure as some traders liquidated BTC to meet collateral calls.

At the same time, weakness in major technology stocks has weighed on market sentiment. Heavy selling in large-cap names has made institutional investors more cautious. As a result, crypto has struggled to attract fresh momentum despite Bitcoin’s relative strength.

Whether BTC has carved out a tradable floor or is simply pausing before another leg lower depends on several technical and liquidity signals. Bulls must defend nearby support while reclaiming higher resistance levels. Otherwise, another wave of selling could keep the price under pressure before a stronger recovery begins.

Discover: The Best Token Presales

Bitcoin Price Prediction: Recover Above $70,000 While ETF Outflows Continue?

BTC is unlikely to reclaim higher levels quickly. Trading near $65,500, Bitcoin remains below the key resistance around $68,000. That area turned into resistance after the recent breakdown. Reclaiming it likely requires stronger macro sentiment or a clear improvement in spot ETF demand.

Spot Bitcoin ETFs have continued to see net outflows over its last session, showing institutions remain cautious. That is more than short-term noise. Until ETF demand steadies, the current trend lacks a strong catalyst for a sustained reversal.

Bitcoin (BTC)

24h7d30d1yAll time

Meanwhile, stronger support sits between $60,000 and $62,000, a zone that could come into focus if selling pressure returns. Bitcoin volatility has also compressed after recent swings. Historically, that setup often precedes a larger move instead of a slow, sideways grind.

The bullish case sees ETF flows stabilize, macro data support risk assets, and BTC reclaim $68,000. That could open the door to retesting $72,000. The base case keeps Bitcoin trading between $64,000 and $68,000 as markets await fresh catalysts. However, a sustained break below $64,000 could expose the $60,000 to $62,000 support zone. The trend remains cautious until price proves otherwise.

Trade BTC on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Bitcoin Hyper Targets Early-Mover Upside as BTC Tests Critical Support

Here’s the uncomfortable truth for spot BTC holders: at current prices near $65,500, the risk-to-reward profile is less attractive than it was months ago. A recovery to $72,000 offers roughly 10% upside, while a drop to the $60,000 support zone implies about 8% downside. That makes chasing momentum less compelling unless Bitcoin reclaims key resistance.

As a result, some active traders are rotating into earlier-stage infrastructure and ecosystem plays tied to Bitcoin. Those assets have not appreciated as much as BTC during this cycle, giving them more room to run if market sentiment improves.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting Bitcoin’s three core limitations: slow transactions, high fees, and near-zero programmability.

The presale has raised $33 million at a current price of $0.0136836, with staking available for early participants. The project has attracted attention for its decentralized canonical bridge for BTC transfers and sub-Solana-latency execution.

Research Bitcoin Hyper before the current presale stage closes.

Discover: The Best Crypto to Diversify Your Portfolio

The post Bitcoin Price Prediction: BTC USD Shrugging Off $800 Billion AI Sell-Off appeared first on Cryptonews.

Source link

Ethereum price is approaching a key technical inflection point, trading at $1,880 after slipping about 0.3%, intensifying its bearish prediction. Despite the softer price action, derivatives data show one of the strongest funding signals in months. The steady move, rather than a sharp rally, makes this setup worth watching.

Whether Ethereum is building a base for a sustained breakout or setting a trap for late longs depends on resistance overhead. The market has yet to deliver a decisive move. For now, traders remain focused on whether buyers can maintain momentum without chasing prices.

The 30-day simple moving average of Ethereum’s perpetual funding rate on Binance has climbed to its highest level in six months. The OI weighted funding rate has also turned positive, meaning long positions are paying shorts again. That shift reflects improving sentiment without reaching extreme levels.

Meanwhile, open interest has eased slightly, suggesting some leveraged positions were cleared while bullish positioning remained intact. Rising funding alongside stable or slightly lower open interest usually points to growing confidence instead of excessive speculation. Upcoming United States inflation data could provide the catalyst that finally pushes Ethereum out of its current range.

Discover: The Best Crypto to Diversify Your Portfolio

Ethereum Price Prediction: Break $2,000 and Target $2,500 This Week?

ETH is currently trading near $1,880, making the original price range outdated. Traders are now watching the $1,860 to $1,930 area as the immediate battleground. The 50-day SMA remains the first major resistance, while the 200-day SMA sits much higher and continues to cap the longer-term trend.

If ETH holds above recent support and breaks through the 50-day SMA with strong volume, momentum could accelerate. That would expose the next resistance zone around $2,000 to $2,100. Positive funding rates could add fuel if short sellers are forced to cover.

Ethereum (ETH)

24h7d30d1yAll time

The base case remains a consolidation period between $1,860 and $1,930. That would allow the market to absorb recent positioning before making a clearer directional move. Funding remains positive, but it has not reached levels that typically signal excessive speculation.

A sustained break below $1,860 would weaken the current structure and shift attention toward $1,750. If that level fails, ETH could revisit the $1,600 to $1,500 region. Elevated funding without a convincing breakout still leaves the market vulnerable to a long squeeze.

Longer term, the outlook remains constructive if macro conditions improve and Ethereum adoption continues expanding. However, the next several trading sessions should reveal whether buyers can reclaim key moving averages or remain stuck below resistance.

Trade ETH on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Bitcoin Hyper Targets Early-Mover Upside as Ethereum Tests Key Levels

ETH at below $2,000 is still trading below both major moving averages. The upside potential is real, but it’s working against overhead resistance at every step. For traders who want Bitcoin-ecosystem exposure at a stage where the asymmetry is structurally different, early-stage infrastructure plays offer a different risk profile entirely. That’s the entry thesis for Bitcoin Hyper ($HYPER).

Bitcoin Hyper is positioning as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, delivering smart contract execution faster than Solana itself while preserving Bitcoin’s base-layer security.

The project directly targets Bitcoin’s three core bottlenecks: slow throughput, high fees, and absent programmability. As of today, the presale has already raised $32.9 million at a current token price of $0.0136836, with staking available at high APY for early participants.

Hyper also has a Decentralized Canonical Bridge that handles BTC transfers natively, avoiding the trust assumptions that plague most wrapped-BTC implementations. A recent regulatory analysis also covers the CLARITY Act’s implications for Bitcoin L2 infrastructure projects like this one.

For those conducting due diligence, the full breakdown is available via the Bitcoin Hyper presale page.

Discover: The Best Token Presales

The post Ethereum Price Gaining Ground as Its SMA 30D Funding Rate Climbs Highest in Six Months appeared first on Cryptonews.

Source link

Source link

Bitcoin stayed around $65,000 on Friday after gaining nearly 4% over the past month. New data suggests the market may no longer be facing endless downside risk.

In fact, Bitcoin’s Sharpe ratio has fallen to -23, which, according to crypto analyst Ali Martinez, is a level that could be an optimal window for spot accumulation.

Seller Exhaustion

The Sharpe ratio measures the amount of return generated for each unit of risk or volatility. While a positive reading indicates returns have outweighed risk, a negative one reflects periods of severe drawdowns for investors. Martinez explained the current -23 reading indicates deep seller exhaustion rather than unlimited downside, which creates an “asymmetric” risk-to-reward entry point for long-term BTC investors.

He added that similar Sharpe ratio compressions in 2015, 2019, and 2022 coincided with final bear market capitulation phases.

Martinez had previously identified a rare technical setup on Bitcoin’s monthly chart that has historically appeared near the end of previous bear markets. While on-chain metrics such as MVRV and CVDD still indicate a possible cycle low between $40,000 and $50,000, Martinez said that a setup of three technical indicators – the RSI near 43.65, the CMO around -71, and a test of the 50-month moving average – historically appeared near major market bottoms.

A similar view has also been put forward by Grayscale, which said that BTC’s market bottom may be determined more by macroeconomic conditions than by the traditional four-year cycle.

While the cycle model suggests Bitcoin could bottom around September or October, the asset manager argued that it has matured and is increasingly influenced by broader economic trends, including US Federal Reserve policy and real interest rates. According to Grayscale, if the Fed avoids further rate hikes and economic growth remains resilient, BTC may have already reached its low.

$75K Hurdle

Not everyone, however, is convinced of that. For instance, trader Ardi said he would need to see the asset break above $75,000 before considering the asset’s $57,000 low as the final bottom of the current market cycle.

The trader argued that $75,000 represents the neckline of the previous range’s double-bottom pattern, and reclaiming that level would be the earliest sign that the higher-timeframe downtrend from $126,000 is beginning to lose validity. Even then, Ardi argued that a breakout alone would not be sufficient.

He said BTC would also need to either sustain an extended rally or trade sideways for several months, similar to its February rally, allowing time to strengthen the case that a lasting bottom has formed. At present, Ardi believes the evidence still weighs against that scenario. He went on to add that Bitcoin has not gone through a “genuine” bottoming phase or a late-stage capitulation, but has instead continued “grinding lower.”

He also pointed out that accepting $57,000 as the cycle low would imply the “shallowest” bear-market drawdown on record and a trough arriving roughly three months earlier than in previous cycles, despite the broader market structure remaining bearish.

The post Bitcoin’s Sharpe Ratio Signals an ‘Optimal’ Spot Accumulation Window appeared first on CryptoPotato.

Source link

Source link

Source link

Chipmaker Intel reported this week that quarterly revenue had risen at its quickest pace in more than 15 years — just days after it confirmed a fresh round of layoffs.

Revenue rose to $16.1 billion, up 25% year over year, while revenue from its Data Center and AI segment skyrocketed 59% to $6.3 billion.

However, that same data center segment is slashing headcount per Tuesday‘s announcement. Record data center growth led to job cuts.

Chief Financial Officer Dave Zinsner gushed about yesterday‘s numbers, saying, “AI-driven compute continues to strengthen, and to support expected growth this year and next across products and foundry, we are meaningfully increasing our investments in equipment, clean room space, and substrates.”

Intel’s adjusted results yesterday exclude restructuring and related charges.

Advertisement

Those were, per its Q2 reconciliation, a relatively modest $170 million in restructuring. Yet for the full year, its outlook estimates a staggering $4.3 billion in restructuring and other charges.

Intel has apparently found plenty of money for equipment, not people. And based on that full year forecast, more cuts are probably coming.

Intel’s fastest-growing unit loses workers

The new round of layoffs this week follows a much larger reduction last year that affected thousands of employees.

CEO Lip-Bu Tan wrote last July, “We are implementing a plan to reduce our headcount by approximately 15%, and we plan to end the year with a global workforce of about 75,000 employees as a result of workforce reductions and attrition.”

Advertisement

As part of those layoffs, he also said he was slashing managerial roles by half, a move he characterized as “streamlining.”

Read more: OpenAI chief Sam Altman fired and hired in one weekend

The Oregonian, covering Intel’s largest worksite in the US, reported that the company has eliminated 7,000 Oregon workers’ jobs over the past two years, leaving about 16,000.

Its reporters also confirmed Intel’s plans for data center job cuts, and noted that the company has downsized by approximately 40% across all its global workforce over the past four years.

Advertisement

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Source link

The EU just hit Russia’s crypto harder than ever before. Six Russian experts told BeInCrypto the blow is real, but not deadly. They cannot agree on what comes next.

The new sanctions target 14 crypto platforms in other countries. They also hit 94 Russian banks and the Moscow Exchange. And for the first time, the EU can ban any foreign crypto service that helps Russia dodge the rules.

One Group Says the Market Will Cope

Anton Tkachev, a senior Russian lawmaker, has seen this before. Sanctions are normal now, he says. Firms just plan around them. Blocked sites get replaced fast.

He points to Garantex. Police seized the Russian exchange in early 2025. Within days, its team relaunched it as Grinex. And copycat platforms keep appearing.

First-timers still feel it. Wallets get flagged. Transfers abroad raise questions. Users must prove where their money came from. But Tkachev calls this an operational inconvenience, nothing worse. He points to a “hardening effect” that makes Russian teams sharper.

Nadezhda Surova, a Russian digital-economy adviser, agrees the market can cope. It is “demonstrating resilience to sanctions pressure,” she says, after adapting to 20 earlier rounds.

After the EU’s earlier sector-wide ban, she expects trading to move elsewhere. That means decentralized apps, peer-to-peer deals, and stablecoins.

It also flows to friendly countries. Kyrgyzstan is a good example. It had 126 licensed crypto firms and $4.2 billion in volume by late 2024, according to TRM.

Dmitry Zuev, a crypto executive at NGE Farm, says it is “premature to draw conclusions” this early. He thinks the pain will hit cross-border payments most. For normal companies, he adds, Russia’s new crypto law matters more than these sanctions.

The Other Group Sees Isolation

Maria Agranovskaya, a Russian crypto lawyer, is more worried. She calls this the first big, direct strike on Russian crypto. Her verdict is “critical, but not fatal” for now. The EU’s first crypto penalty came last year, on a ruble-backed coin. This time it goes much further.

She says the new rules threaten platforms Russians use in Kyrgyzstan, the UAE, and Georgia. The result, she warns, is isolation and a growing “gray” market. She quotes former minister Andrey Nechayev, who sees a “closed crypto market within the Russian Federation.”

The squeeze is already showing. One ruble-backed coin, A7A5, saw daily transfers crash from over $1.5 billion to about $500 million after sanctions, Elliptic found. A big exchange, Uniswap, blocked the coin. Some traders even had accounts frozen when their funds were linked to it.

Alexey Zyuzin, who heads a Russian crypto-industry group, thinks the market will split in two.

“Two circuits are likely to form. The first is a legal domestic market under the control of the Russian regulator… The second is a cross-border segment, where elevated sanctions and technological risks will persist.”

The most exposed, he says, are firms that rely on foreign payments.

Nikolai Zagvozdkin, a crypto lead at Russian media group RBC, says the full target list is not out yet. Still, he sees a clear signal. Europe now treats crypto as key to Russia’s trade. Exchanges will check harder, with more freezes and refusals.

“Working with crypto will become more expensive, slower, and somewhat less transparent.”

What Will Decide the Damage

Everyone agrees on one thing. It all depends on who the EU actually targets. The full list is not public yet. Early counts put it near 10 or 11 platforms. If the rules touch every service used by Russians, the pain spreads wide. If they stop at sanctioned banks and known evaders, the market adapts. It has done so before, just within tighter limits.

The post Russian Experts Split on EU’s New Crypto Sanctions: Adapt or Isolate? appeared first on BeInCrypto.

Source link

In Ethereum news today, Fasanara Capital, a London-based quantitative asset manager, is holding a $67M ETH short on Hyperliquid via an on-chain wallet labeled “BobbyBigSize,” and the directional bet is almost beside the point.

What matters is that institutional-grade capital is now executing complex, multi-leg crypto derivatives strategies entirely on a decentralized venue, in full public view, in a way that would have looked implausible just two years ago.

The position is visible through Hyperliquid’s on-chain explorer at wallet address 0x7fda..17d1. On-chain analytics providers including Arkham Intelligence and Nansen have linked the wallet to Fasanara Capital.

The short sits on Hyperliquid, one of the most closely watched decentralized perpetuals exchanges in the market, a venue that has grown rapidly by offering execution quality and liquidity depth that professional traders previously expected only from centralized exchanges.

Discover: The Best Crypto to Diversify Your Portfolio

Ethereum News Today: A $67M Short Is Not a Simple ETH Bearish Call

The instinctive read- large ETH short, therefore bearish signal does not survive contact with how quantitative funds actually operate. A short of this size can be a directional bet, but it can equally be a hedge against spot ETH holdings, an offset against options book exposure, one leg of a basis trade, or part of a market-neutral spread.

Fasanara runs systematic, multi-strategy books where relative pricing, funding rates, liquidity, and volatility relationships matter far more than a clean up-or-down call on ETH.

Supplementary on-chain data, reported by Phemex and attributed to Arkham Intelligence, adds another layer: holds an additional ~$41M ETH short on Hyperliquid, and should be treated as supplementary attribution, but if accurate, it reinforces that this is coordinated institutional positioning across multiple regulated managers, not a lone prop desk swing.

This includes approximately $11Bn in cumulative trading volume on Hyperliquid in ETH, BTC, AVAX, HYPE, and other tokens. That is the profile of a systematic, high-frequency institutional book, not a retail trader making a leveraged directional bet.

The current ETH leverage environment and funding dynamics give that short context: in a market where funding rates and open interest are already elevated, a large institutional short of this kind can function as a structural offset rather than a conviction trade.

Trade Ethereum on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Hyperliquid Is Becoming Core Institutional Infrastructure

In adjacent Ethereum news, Hyperliquid has compressed the quality gap between on-chain derivatives and centralized exchange execution to the point where a fund managing multi-billion-dollar mandates is comfortable running nine-figure notional exposure natively on-chain.

Fast matching, deepening order book liquidity, and a familiar perpetuals interface have done what earlier DeFi derivatives platforms could not: attract serious derivatives flow rather than just yield farmers chasing incentives. The Hyperliquid trading interface features advanced charting and real-time order book data.

The structural consequence is a new kind of market signal. Centralized exchange positioning has always been inferred indirectly, through funding rates, open interest, liquidation data, and exchange-reported metrics.

Institutional DeFi trading on Hyperliquid makes wallet-level positioning directly observable. Analysts can track when Fasanara adds to or reduces its size and monitor collateral and position changes. That transparency is what DeFi trading was theoretically supposed to create, and now it is arriving at institutional scale.

The fund reportedly holds a concurrent BTC long entered around $75,950, plus shorts across TON, AVAX, and DOGE, a cross-asset relative-value book executed entirely on a decentralized perpetuals venue.

That breadth signals that Hyperliquid is functioning as primary execution infrastructure for at least one major quant manager, not a peripheral experiment running alongside the real book on Binance or OKX.

Discover: The Best Token Presales

The post Ethereum News: How a $67M ETH Short Reveals Hyperliquid’s Institutional Leap appeared first on Cryptonews.

Source link