6-12
U.S. Commerce Dept. plans $2B quantum awards as post-quantum defense lags
Last month, the U.S. Commerce Department signed letters of intent to award just over $2 billion to nine quantum computing firms, including $1B for IBM and $375M for GlobalFoundries. The author argues this accelerates the race toward a cryptographically relevant quantum computer, while post-quantum defenses for Bitcoin and other systems remain slowed by coordination and adoption barriers. NIST timelines cited in the piece deprecate RSA-2048 and ECDSA at 112-bit security in 2030 and disallow them in 2035, raising pressure for industry-wide migration planning.
BTC
BTC+1.35%
6-12
6-12
SpaceX Begins Nasdaq Trading on June 12, 2026; What It Could Mean for Bitcoin
SpaceX is scheduled to start trading on Nasdaq on June 12, 2026, after a $75 billion IPO, and market participants are weighing how the listing could affect crypto sentiment. One view is that more than $5 billion of outflows from bitcoin ETFs helped push BTC below $60,000 as investors sought IPO liquidity, which could later rotate back into crypto. Others warn that record IPOs have often appeared near equity-market peaks, potentially pressuring risk assets, including bitcoin, which has hovered around $63,000 after briefly dipping under $60,000 last week.
BTC
BTC+1.35%
6-12
6-12
JPMorgan Sees Bitcoin "Debasement Trade" Retreat Accelerating as BTC Holds Above $63,000
JPMorgan says the macro "debasement trade" that previously pushed billions into Bitcoin and gold is unwinding, with the retreat accelerating for BTC. Bitcoin is trading above $63,000 after falling from an October peak above $126,000, while gold ETFs shed $20 billion in the week through June 5 and US spot bitcoin ETFs logged $2.1 billion of outflows in June. A Sygnum CIO argued the flows may reflect cash-and-carry arbitrage being closed rather than broad capitulation.
BTC
BTC+1.35%
6-12