News & Research

A recent study by Mysten Labs, the developer behind the Sui blockchain, suggests that blockchains using the Edwards-curve Digital Signature Algorithm (EdDSA) are better positioned to handle future quantum threats, according to Decrypt. Unlike these newer networks, like Sui, Solana and Near, older blockchains like Bitcoin and Ethereum rely on the Elliptic Curve Digital Signature Algorithm (ECDSA), which faces steeper technical and operational hurdles in transitioning to quantum-resistant security. The concern stems from Shor’s Algorithm, a classical method that can run on quantum computers to efficiently factor large integers—potentially allowing attackers to derive private keys from publicly available blockchain data. Mysten Labs co-founder and Chief Cryptographer Kostas Chalkias noted that governments worldwide plan to phase out classical algorithms like ECDSA and Rivest–Shamir–Adleman (RSA) by 2030 or 2035. He warned that networks handling sovereign assets, national treasuries, exchange-traded funds (ETFs) or central bank digital currencies (CBDCs) will soon be expected to implement post-quantum cryptographic standards to maintain long-term trust and wide adoption.

Nuvve Holding Corp. (Nasdaq: NVVE), an electric vehicle charging and energy storage company, has approved the purchase of up to $3 million in HYPE tokens as part of its blockchain-driven growth initiative, according to Business Wire. DeFi Technologies will manage Nuvve’s HYPE treasury strategy. The investment aligns with Nuvve’s push to integrate blockchain into energy and infrastructure applications.

BlackRock’s iShares Ethereum ETF, ETHA, has bought 1.25 million ETH, worth around $4.73 billion, since July 1, bringing its total holdings to over 3 million ETH ($11.36 billion), Lookonchain reported on X.

U.S. President Donald Trump’s digital asset task force released a fact sheet outlining its recommendations for advancing crypto regulation, according to The Block. The group urged Congress to build on the recently passed Digital Asset Market Clarity Act, called for swift implementation of the GENIUS stablecoin act, and pushed for simplified tax rules for crypto users and businesses. The report did not mention Trump’s earlier proposal for a Bitcoin or crypto reserve.

Brazilian asset manager VERT Capital (XDC) plans to tokenize up to $1 billion in debt and receivables on the XDC Network over the next 30 months, including corporate bonds and agribusiness receivables, according to CoinDesk. The move is part of Brazil’s growing push toward real-world asset tokenization.

Belgravia Hartford Capital, a publicly traded Canadian investment firm, announced it closed a $5 million convertible debenture with Round13 Digital Asset Fund at 4% annual interest, maturing in two years, to buy Bitcoin (BTC), according to Business Wire.

Canaan, a Nasdaq-listed Chinese mining equipment maker and Bitcoin mining firm, has designated Bitcoin as its primary long-term reserve asset, holding 1,484 BTC worth about $74 million, according to Stock Titan. This move positions the company not only as a mining hardware provider but also as a Bitcoin accumulator, aligning its financial strategy with the broader Bitcoin ecosystem.

Twenty One Capital, backed by Tether and Cantor Fitzgerald, is considering launching dollar loans secured by Bitcoin, according to Cointelegraph. The firm now holds roughly 43,500 BTC, valued at over $5 billion, and is positioning itself among the largest institutional Bitcoin holders.

Crypto platform Nexo withdrew 48,321 ETH worth $183 million from DeFi protocol EtherFi and deposited it to Binance about four hours ago, according to on-chain analyst @EmberCN on X. Meanwhile, another address withdrew 20,000 ETH worth $75.6 million from Binance and deposited it into Aave within the past three hours.

Cryptocurrency exchange Kraken's second‑quarter revenue increased 18% year‑over‑year to $412 million, JinSe Finance reported, citing Bloomberg. Adjusted pre‑tax profit fell about 7% to $79.7 million as it invested in new products and geographic expansion. Trading volume grew 19% to $186.8 billion and funded accounts rose 37% to 4.4 million.