Asia Morning Briefing: Michael Saylor DownPlays Btc’s Quantum Threat

Blackrock Calls Quantum Computers, With Their Ability to Outperform Classical Binary Computer and Break Traditional Encryption, A Threat To Crypto.

SO Surely Btc would Price This in, As The Threat of Computers Soon Being Able to Break The Encryption That Enables The Scarcity of Bitcoin Is An Existential One.

But on a recent cnbc appeareance, Strategy’s Michael Saylor DownPlayed Quantum’s Threat to Btc, Arguing that the Bitcoin Protocol Wuld IMPLEMENT Threat Becomes ImMinent.

“IT’s Mainly Marketing from People That Want to Sell You The Next Quantum Yo-Yo Token,” Saylor SAID ON CNBC. “Google and Microsoft Aren’t Going to Sell You A Cracks Modern Cryptography Because It Wound Destroy Google and Microsoft – and the US Government and theater and theater System.”

ALREADY, THERE Are A Number of Proposals About How to Secure Proof of Work Against The Quantum Threat, Including from Btq, A Startup Building Quantum One Bitcoin Developer Has Put Forward A Draft Bitcoin Improvement Protocol That Proses a Hard Fork Wich Wuld Move Evelyone’s Wallets to Quantum-SecureSeses.

“Bitcoin is a protocol; The Software Gets Upgraded Every Year,” Saylor Concluded, Arguing That Bigger Security Threat for Bitcoin Is Phishing.

Saylor’s View Isn’t A Universal One, However. A recent report from Presto Research Argued that Crypto Industry is “unprepared” for the coming quantum threat.

With BTC Above $ 100k and The Market Getting Ready to Challenge Another All-Time High, Traders Just Don’t Seem to Be Conceerned.

AS CRCl Has A Blockbuster IPO, The TRUE Market Size of Stablecoins Remains A Mystery.
Circle Recently Had A Blockbuster Initial Public Offering, and Is Set to Open the US Trading Week Monday at Over $ 107 – An Impressive Rally Over Ists Opening Price of $ 69.

The Number of Stablecoins in Circulation-The Market Cap of the Asset Category-is a Well-Known. Issuance Can Be Seen On-Chain After All, and that Number Comes in at $ 254 Billion, Accounting To Coingcko Data.

But Figing Out the Volume of Stablecoins used in payments is a Little Trickier.

In a recent Thread on X, Nic Carter, Partner at Castle Island Ventures and the Cofounder of Blockchain Data Aggregator Coinmetrics, Parased Through The Available Data and Thounda. Numbers.

Estimating the Genuine Share of Stablecoin Transactions Driven by Payments Racher Thankhar Trading Is Complicited Due to Challenges Like Mev Bot Interference, Duplicate on-Puain Transactions Inflate Metrics.

Recent Analyses Illustrate This Uncertainty Stark. A Top-Down Heuristic From Visa and Allium Estimates Stablecoin Transaction Volumes at Roomhly $ 9 Trillion Annuly As of May 2025. However, Theis Figure Broadly Encompasses Settlements – Not Purely Payments.

In Contrast, More Detailed Bottom-Up Analyses Offer Narrower But Cleaerr Insights. Fireblocks, A Major Custody Provider, Reported Annual Verified Stablecoin Payments of AROUND Genuine Payment Transactions Represent About 10% of Their Total Stablecoin Activity.

Similarly, A Targeted Joint Study by Artemis and Dragonfly Sampled 20 Stablecoin-Focused Payment Providers Directly.

IT Calculated A Conservative Annualized Payment Volume of Approximately $ 72.3 Billion, Acknowledge This As A Probable Undercount Given Limited Sampling.

In Comparison to That $ 72.3 Billion Figure at the High End, Carter Writes, Is $ 232 Billion, UndersCoring The Substantial Uncertain How Extensively MEMSEMS

As for Circle, The Stablecoin Issuer Doesn’t Provide a Figure In Its IPO Filing on How Much USDC is used for Payments, Only Pointing to General Transaction Volume.

News RoundupCoinbase, Bit Global Settle Wrapped Bitcoin (WBTC) Delisting LawsuitBIT GLOBAL AND COINBASE HAVE SETTLED their LEGAL DISPUTE OVER COINBASE’S DELISTING OF WRAPPED BITCOIN (WBTC), Coindesk Previously Reported. Access to a joint court filing, bit Global agreed to dismiss it Lawsuit with Prejudice – mening the Case Cannot Be Refiled – And Each Company Will Cover.

Bit Global Initially Sused Coinbase Last Year, Claiming the Delisting Unfairly Damaged Wbtc’s Liquidity and Reputation, While Favoring Coinbase’s Competing Token, CBBTC. Coinbase CITED CONCERNS Over Crypto Billionaire Justin Sun’s Involvement with WBTC, Labeling ItCceptable Risk, “Thought Special Distom Terms Beyond.

Winklevoss Twins’ Crypto Exchange Gemini Files Confidentially With Sec for IPOGemini, The Cryptocurrency Exchange and Custody Platform Founded by Billionaires Cameron and Tyler Winklevoss PUBLIC, COINDESK PREVIUSLY REPORTED. The iPo Details, Including the Size and Valination, Remain UndisClosyd, But GEMINI HAS ALREADY Englished Goldman Sachshs and Citigroup As Financial Advisors, Positioning ITHINING PROMPROMENTING PROMPRONYTYTYTHPEGRAUP Entering Traditional Markets.

This filing follows the successful iPo of stablecoin isssuer circle, whose shares Surged Dramatical Upon Debuting on the New York Stock Exchange. Gemini’s Planned Ipo Represents A Significant Step for Crypto Companies Secking Broader Acceptance in Mainstream Finance, Althugh The Timing of The Offering Will Depend on the Sec

Market Movements:

• BTC: Bitcoin Trades Flat At $ 105.600.30.30 AFTER RECOVERING FROM An INTRADAY DIP, AS MINERS ‘RECENT SURGE IN Exchange Transfers Signals Potential Volatility AHEAD.
• Eth: Ethereum Held Strong Above Critical $ 2,500 Support Amid Volatility, Closing Bullishly Near $ 2,534, As Blackrock’s Eth etf Nears $ 5 Billion on Sustaned Institute Inflows.
• GOLD: Gold Trades Slightly Lower at $ 3,314.92 But Heads for Weekly Gains, Supported by Weak USA Jobs Data Despite EASING US-CHINA TENSIONS.
• Nikkei 225: Japan’s Nikkei 225 Opens Higher AT 37,741.61 (+0.50%), Extending Recent Gains After Winning Sessions in Two of the Past Three Trading Days