Michael Saylor Trades Bitcoin’s Quantum Threat

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Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.

Blackrock calls quantum computers with their ability to surpass classic binary computers and break traditional encryption, a threat to crypto.

So definitely, BTC would price this in, as the threat that computers could soon break the encryption that enables a lack of bitcoin is an existential one.

But at a recent CNBC performance, the strategy’s Michael Saylor Quantum’s threat to BTC and argued that the Bitcoin protocol would implement a software upgrade -like any other tech business -when the threat becomes imminent.

“It’s mainly marketing from people who want to sell you the next quantum yo-yo-token,” Saylor said at CNBC. “Google and Microsoft won’t sell you a computer cracking modern cryptography because it would ruin Google and Microsoft – and the US government and the banking system.”

There are already a number of suggestions on how to secure evidence of work against the quantum threat, including from BTQ, a start-up building that is quantum-protected crypto-hardware. A Bitcoin developer has put forward a draft of Bitcoin improvement protocol proposing a hard fork that would move everyone’s wallets to quantum-proof addresses.

“Bitcoin is a protocol; the software is upgraded every year,” Saylor concluded, arguing that the greater security threat for Bitcoin phishing.

However, Saylor’s vision is not universal. A recent report from the Presto Research claimed that the crypto industry is “unprepared” for the upcoming quantum threat.

With BTC over $ 100K and the market is getting ready to challenge someone else all the time high, dealers just don’t seem to be worried.

Since CRCL has a blockbuster touching, the true market size of stablecoins remains a mystery.

Circle recently had a Blockbuster preliminary public offer and is set to open US Trading Week on Monday on over $ 107 – an impressive rally over its opening price of $ 69.

The number of stablecoins in the circulatory market sheath in the asset category is a well-known fact. After all, issuance can be seen on-chain, and this number comes at $ 254 billion, according to CoingeCko data.

But finding out the amount of stablecoiner used in payments is a little more difficult.

In a recent thread of X, Nic Carter, partner at Castle Island Ventures and Cofounder of Blockchain -Data Service Metrics, paired through the available data and found that there is a huge discrepancy in the numbers.

It is complicated to estimate the real proportion of stableCOin transactions driven by payments rather than trading are complicated due to challenges such as MEV BOT interference, duplicative on-chain transactions and spam activity designed solely to inflate measurements.

Recent analyzes illustrate this uncertainty sharply. A top-down heuristic from Visa and Allium estimates StableCOin transaction volumes for approx. 9 trillion dollars annually from May 2025. However, this figure includes broad trade, defi activity and settlement-not pure payments.

In contrast, more detailed bottom-up analyzes offer narrower but clearer insights. Fireblocks, a major custody, reported annual verified stableecoin payments of around $ 232 billion compared to a significantly larger $ 2.12 trillion in trading volumes among its clients, suggesting that real payment transactions represent approx. 10% of their total stableecoin activity.

Similarly, a targeted joint study of Artemis and Dragonfly sampled 20 StableCOin-focused payment providers directly.

It calculated a conservative annual payment volume of approximately $ 72.3 billion, recognizing this as a probable underload provided for limited sampling.

Compared to this figure of $ 72.3 billion at the high end, Carter writes, is $ 232 billion, emphasizing the significant uncertainty about how extensive stablecoins are really used as a payment mechanism.

As for Circle, StableCOin issuer does not give a number in its IPO of IPO about how much USDC is used for payments that point only to general transaction volume.

News monitoring

COINBASE, BIT GLOBAL SETTLE WRACKED BITCOIN (WBTC) DEPARTMENT OF LAWING

Bit Global and Coinbase have decided their legal dispute over coinbases delisting wrapped Bitcoin (WBTC), Coindesk reported earlier. According to a submission of joint court, Bit Global agreed to reject its trial with prejudice – which means the case cannot be replicated – and each company will cover its own legal costs.

BIT Global defendant originally coinbase last year and claimed the delicate unfairly damaged WBTC’s liquidity and reputation while favoring Coinbases’s competing token, CBBTC. Coinbase cited concerns about crypto -billionaire Justin Sun’s commitment with WBTC and felt it as an “unacceptable risk”, although specific settlement conditions beyond the dismissal were not revealed.

Winklevoss Twins’ Crypto Exchange Gemini Files Confidential with SEC to IPO

Gemini, Cryptocurrency and the custody platform founded by billionaires Cameron and Tyler Winklevoss, have confidential submitted papers to the US Securities and Exchange Commission (SEC) to become public, Coindsk previously reported. The IPO details, including size and valuation, do not remain revealed, but Gemini has already engaged Goldman Sachs and Citigroup as financial advisers who are prominent among crypto-native companies coming into traditional markets.

This filing follows the successful IPO of StableCecoin Essuer Circle, whose shares rose dramatically after his debut at the New York Stock Exchange. Gemini’s planned IPO represents a significant step for cryptic companies seeking wider acceptance in mainstream financing, even if the time of supply depends on SEC’s review and market conditions.

Market Movement:

• BTC: Bitcoin trades flat for $ 105,600.30 after recovering from an intraday doll as the miners’ recent increase in exchange transfers transfers potential volatility ahead.
• ETH: Ethereum held strongly over critical $ 2,500 support in the middle of the volatility and closed Bullish near $ 2,534 as Blackrocks ETH ETF is approaching $ 5 billion at sustained institutional influx.
• Gold: Gold deals slightly lower to $ 3,314.92, but leads to weekly winnings, supported by weak American job data, despite facilitating OS-China tension.
• Nikkei 225: Japan’s Nikkei 225 opens higher at 37,741.61 (+0.50%), which expands the recent winnings after winning sessions in two of the last three trading days