resist

Nine financial institutions and Bitcoin companies announced the joint establishment of the Bitcoin Security Alliance, with founding members including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity, Galaxy, and Strategy, covering the entire chain of institutions such as custody, trading, infrastructure, payments, and asset management.The alliance commits to providing a total of $15 million in funding over the next three years to support developers and researchers in the field of Bitcoin security, including long-term work to prepare Bitcoin for the future era of quantum computing. Each member independently decides which developers, researchers, or organizations to direct their funding towards. The daily operations of the alliance are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt, with Brink being a nonprofit organization that funds Bitcoin open-source developers.The alliance clearly states that it does not formulate or direct Bitcoin protocols, does not express opinions on specific protocol changes, and does not represent Bitcoin or its developers—Bitcoin development continues to be carried out by a globally decentralized community of contributors. Its positioning is to emulate the model of industry organizations that have long supported open-source software, providing resources and attention to developers without controlling the underlying work.Strategy CEO Phong Le stated, "As long-term holders, ensuring the security of Bitcoin for generations is our greatest incentive"; BlackRock's Global Head of Digital Assets Robert Mitchnick pointed out that the work of Bitcoin core developers is "extremely important," and this commitment will provide "significant additional funding" for Bitcoin's long-term security needs. The alliance will also serve as a reliable source of information for investors, the public, and the media in the field of Bitcoin security, with plans to publish and continuously update materials related to Bitcoin security in the coming months.

Recently, market risk appetite has cooled, and high-valuation technology chip sectors are under significant pressure; in contrast, supported by expectations in infrastructure, manufacturing, and cyclical demand, industrial machinery-related assets have shown relative resilience. According to Gate platform data, ARM/USDT (Arm) is currently priced at $284.29, down 1.13% in the last 24 hours; CATG/USDT (Caterpillar) is currently priced at $892.11, up 0.16% in the last 24 hours; GEG/USDT (General Electric) is currently priced at $341.55, down 0.61% in the last 24 hours. In terms of performance, Caterpillar-related trading pairs have slightly strengthened, while Arm and General Electric-related trading pairs have fluctuated downwards, overall still showing a divergent pattern.

Cryptocurrency financial services company Galaxy Digital announced the establishment of a $5 million Bitcoin Quantum Readiness Initiative, funding developers to research solutions to address future quantum computing threats. The program is open for applications starting today, with funding directions including quantum-resistant signature algorithms, wallet migration tools, and security audits.Galaxy stated that it hopes to attract more institutions to jointly invest and research, accelerating Bitcoin's transition to quantum-resistant cryptography. According to CryptoQuant data, if future quantum computers have the capability to crack Bitcoin's existing cryptographic algorithms, approximately 6.9 million BTC (equivalent to about $46.1 billion at current prices) may face the risk of theft. Although the industry generally believes that quantum computing does not pose an immediate threat to the Bitcoin network, related preparations should be initiated as early as possible due to the need for long-term collaboration among developers, wallets, exchanges, and users for protocol upgrades.

According to Decrypt, Galaxy Digital has officially launched the "Bitcoin Quantum Readiness Program," which has three core pillars: providing up to $5 million in post-quantum cryptography research grants to developers, publishing special research reports through Galaxy Research, and establishing a quantum advisory committee composed of scholars from several top universities.The program aims at "Q-Day"—the critical moment when quantum computers use Shor's algorithm to break Bitcoin's elliptic curve encryption, forge signatures, and steal wallet assets. Project Eleven predicts that quantum computers capable of cryptographic threats may appear as early as 2030, at which point approximately 6.9 million BTC will be at risk of exposure.The Coinbase Quantum Advisory Committee has also called for developers to immediately begin migration efforts. Meanwhile, Trump has signed an executive order setting the deadline for the U.S. federal government to complete its post-quantum cryptography migration by December 2031.

CZ stated that AI is powerful, but it cannot protect personal assets from the impact of inflation, while Bitcoin can.

Bitcoin broke through the resistance level of $64,000 on Tuesday, reaching an intraday high of $65,511, and then reported at $64,858, down 0.18% for the day. The chart shows that the downward trend channel for Bitcoin since it approached the high of $82,000 in May has not completely failed.Technical indicators show that the 50-day moving average of Bitcoin is below the 200-day moving average, forming what traders call a "death cross." The ADX is at 23.4, indicating that the strength of the bearish trend is weakening; the RSI is at 55.7, in a neutral to slightly bullish range. Market prediction platform Myriad traders give a 66.6% probability that Bitcoin will first drop to $55,000; the probability of it rising to $84,000 first is 33.4%. This probability has not changed significantly with recent price fluctuations.

Wintermute released a market analysis stating that under multiple geopolitical shocks such as the U.S. airstrikes on Iran and the closure of the Strait of Hormuz, Bitcoin has still maintained the critical support level of $62,000, showing strong resilience in the market.Last week, as U.S.-Iran negotiations were paused due to related issues, Iran attacked commercial vessels, and the U.S. launched a new round of airstrikes. Tehran announced the indefinite closure of the Strait of Hormuz, leading to a significant rise in international oil prices, with Brent crude oil seeing a weekly increase of 6.3%, and the yield on 10-year U.S. Treasuries rising to 4.57%. The market has readjusted the probability of a Fed rate hike in September to about 61%, and the U.S. CPI data to be released this week will be a key indicator affecting expectations for the July FOMC meeting.In the cryptocurrency market, Bitcoin has maintained a stable trend despite facing consecutive geopolitical risk events, holding the $62,000 area after a minimum pullback and gradually rising to around $64,000. Ethereum performed even stronger, with prices nearing $1,805.Meanwhile, the eight-week trend of ETF fund outflows has finally ended, with Bitcoin and Ethereum-related products recording a total inflow of about $282 million last week. Although the weekly inflow is still insufficient to confirm a trend reversal, combined with the recent continuous accumulation by whales and the market's weakened reaction to negative news, marginal selling pressure is easing, and the market may be forming a phase bottom.Additionally, the market's reaction to Strategy selling Bitcoin has been muted, contrasting sharply with two months ago when the sale of just 32 BTC triggered a sell-off, indicating that investor concerns about potential selling pressure have significantly decreased.Currently, Bitcoin has shown a "not falling on bad news" bottoming characteristic, but the market still needs to wait for further confirmation. Key factors going forward include the performance of U.S. CPI, whether ETF funds can continue to flow in, and the developments in the Strait of Hormuz situation. If inflation data cools, fund flows continue to improve, and progress is made on the CLARITY Act, Bitcoin is expected to challenge the key resistance level of $67,250; conversely, if oil prices continue to rise and macro pressures intensify, the $60,000 support may face another test.

Coinbase Institutional stated that U.S. non-farm employment was far below expectations, but the escalation of conflicts in the Middle East has brought inflation risks back into focus for the market. The market is shifting towards pricing "higher interest rates for a longer duration," financial conditions are tightening further, long-term risk assets are under pressure, and the probability of another interest rate hike within the year is also increasing.Amid multiple negative factors, BTC only fell by about 2%, and this relatively resilient performance may indicate that the market is undergoing a bottoming process.

CryptoQuant analyst Axel Adler Jr. stated that since July 7, the Bitcoin futures market has been continuously dominated by sellers. The cumulative volume delta (CVD) shrank nearly 70% from +800 million dollars to +230 million dollars within two days, while the price fell from about 64,000 dollars to 62,000 dollars during the same period. On July 8, there was a brief buying pulse, recording +22 million and +48 million dollars in buying over two consecutive hours, but the price remained almost unchanged around 62,100 dollars, only to be completely erased by a selling wave of 92.7 million dollars within a single hour.The analyst pointed out that the positive CVD still indicates that buyers have an accumulation advantage since the beginning of the month, but the speed of contraction and the simultaneous price decline suggest that momentum has shifted to sellers. This is not a panic washout, but rather a continuous shift in capital flow. If the CVD falls below the zero axis, it would mean that sellers not only dominate the current capital flow but have also completely erased the buyers' accumulation advantage, confirming a more sustained bearish pattern. The current 62,000 dollar area has become a resistance level rather than a demand support zone.

Strike, founded by Jack Mallers, has launched a new Bitcoin collateral loan product aimed at avoiding forced liquidation due to a drop in BTC prices. Strike states that as long as borrowers make timely repayments, the collateralized BTC will not be moved or liquidated, regardless of how deep the Bitcoin price falls.Mallers stated on X that this product has no margin call requirements and no price-based liquidation mechanism, allowing users to borrow USD while continuing to hold Bitcoin. He mentioned that volatility is inevitable, but liquidation is not a certainty. Strike indicated that the new loan product eliminates price-triggered actions linked to the loan-to-value (LTV) ratio, so borrowers do not have to worry about automatic liquidation due to a drop in BTC prices. As long as interest and maturity payments remain normal, the collateral will remain unchanged.

According to crypto analyst alicharts, Ethereum is currently testing resistance at the 0.8 MVRV pricing level of $1796. If the daily closing price is above this level and successfully holds it as support, it will strengthen the bullish case and may open the move towards Ethereum's target price of $2245.alicharts further pointed out that breaking above both $1796 and $1816 will trigger a bullish breakout. From a technical perspective, such a move will also increase the probability of ETH breaking through the channel top at $1844 and starting the march towards the target price of $2245.

The TRON Nile testnet has recently launched a quantum-resistant upgrade and released the mandatory upgrade version GreatVoyage-v4.8.2-PQ1-build1. This version introduces post-quantum signature capabilities for the first time, supporting two signature algorithms: Falcon-512 and ML-DSA-44, further advancing TRON's technological exploration and capability verification in the direction of quantum resistance.According to the official introduction, the aforementioned capabilities can be applied in scenarios such as transaction signing, SR block signing, P2P relay node handshakes, and TVM contract verification. TRON reminds developers who have deployed nodes on the Nile testnet to complete the version upgrade as soon as possible. Meanwhile, the related new features will only take effect on the Nile testnet after being approved through proposal voting; the activation of testnet functions does not mean that the mainnet will go live simultaneously.

Economist and gold supporter Peter Schiff posted on the X platform, stating that the market generally believes it is "almost impossible" for Bitcoin to drop to $20,000, but this judgment lacks basis.Bitcoin fell below the $20,000 level about 3.5 years ago, which is not too long ago, so the possibility of returning to that price range cannot be ruled out. Significant pullbacks in assets over a short period are not uncommon in financial markets.

Members of the management team of the Ethereum Foundation (EF) and CSA Operator Aerugo published a systematic explanation of EF's mission. Aerugo stated that EF's core mission is to ensure that Ethereum becomes and continues to be a truly permissionless sovereign infrastructure: censorship-resistant, capture-resistant, open-source, private, and secure, capable of supporting large-scale trustless coordination.He emphasized that EF's focus is on eliminating extraction and capture risks that may arise at the protocol layer of Ethereum, particularly the two core challenges of MEV (Maximum Extractable Value) issues and the lack of default privacy. Aerugo described MEV as "the main battleground of the next cypherpunk war," and pointed out that "a public ledger without serious default privacy is a monitoring infrastructure with settlement guarantees."In addition, EF will move some of its work out of the foundation through spin-offs in the future, but will maintain strict standards for external funding. The recent departure of some personnel is part of normal organizational adjustments, and EF will handle it in a dignified manner without making personnel issues public.

The Algorand Foundation officially released a roadmap for quantum resistance upgrades, planning to launch a series of protocol transformations in 2026, and achieve overall "quantum security" capabilities for the network by the end of 2027 to 2028, in response to the potential threats posed by future quantum computing to existing cryptographic systems.The roadmap indicates that the first phase will introduce post-quantum account systems, multi-signature wallets, and staking support, followed by a gradual upgrade of core protocol components to achieve a comprehensive encryption migration from the wallet layer to the infrastructure. It is reported that several public chain ecosystems, including the Ethereum Foundation and Solana, have also initiated similar research and migration plans for quantum-resistant cryptography.

Crypto KOL Ansem posted that Bitcoin is currently at a quite critical position, re-testing the key weekly resistance level of approximately $65,000 to $66,000 within this round of range. He will not go long on BTC at this position, as he believes there are better long opportunities in the market. However, if BTC closes above this range, it may re-test $72,000, which he leans towards as the scenario. If he is wrong and BTC drops below $63,800 and shows weak performance, the short-term trend will turn bearish, potentially re-testing $60,000. If this situation occurs, he will consider going short and set the stop loss above the previous short-term consolidation range. In addition, Ansem stated that the FOMC minutes released today at 2:30 may affect market direction.

The advisory committee of cryptographic experts led by Coinbase has released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, the committee did not take a clear stance on whether to freeze the millions of Bitcoins that could potentially be stolen by quantum computing in the future.It is reported that the committee members include several leading experts, such as Ethereum Foundation researcher Justin Drake, who believe that the current focus of the debate is not on how to introduce quantum-resistant signature technology, but rather on how to handle the Bitcoins that have not been migrated for a long time. One viewpoint calls for setting a deadline, after which the existing ECDSA and Schnorr signature schemes for Bitcoin will cease to be supported, and un-migrated assets will be frozen to prevent future quantum attackers from acquiring large amounts of BTC and impacting the market. Another viewpoint argues that this amounts to asset confiscation, contradicting Bitcoin's core principles of "immutability and user complete control of assets," and could set a precedent for freezing assets in the future due to regulatory pressure.The Coinbase advisory committee pointed out that the aforementioned proposals are not mutually exclusive and can be combined, but it refused to take a position on the issue of "whether to freeze legacy BTC," believing that the final decision should be governed by the Bitcoin community. At the same time, it emphasized two points: first, the technical development of quantum-resistant signature migration should be initiated immediately and should not wait for the governance debate to conclude; second, it is necessary to clearly communicate risk information to users to avoid long-term uncertainty affecting the Bitcoin ecosystem.

According to Decrypt, the Coinbase Quantum Advisory Board released a report calling for blockchain developers to immediately begin preparations for quantum migration, warning that unresolved issues with abandoned and vulnerable tokens could become one of the biggest challenges for Bitcoin.The report estimates that approximately 7 million Bitcoins are vulnerable to future quantum attacks due to public key exposure and address reuse. Although there are currently no quantum computers capable of breaking blockchain encryption, the likelihood of relevant quantum computers emerging as early as 2030 is high.The report proposes three handling options for tokens that have not migrated to quantum-safe addresses: permanently freeze or destroy them after a set deadline; take no action and let users decide; or adopt a compromise measure, such as limiting the number of vulnerable tokens that can be moved per block, or allowing users to pre-commit to migration.The Ethereum Foundation has formed a team to coordinate the post-quantum security transition, and Vitalik Buterin developed a quantum upgrade roadmap in February. The Stellar Development Foundation announced a roadmap for user migration to quantum-safe encryption on Tuesday.

According to CoinDesk, the Stellar Development Foundation has announced a quantum security plan to migrate all XLM accounts to a quantum-resistant signature scheme by the end of 2027, while keeping existing addresses and on-chain transaction history unchanged.The foundation stated that this migration will be completed through protocol layer updates to address the potential cracking risks posed by future quantum computing to existing cryptographic signature algorithms, and to ensure that user accounts do not need to change addresses or rebuild transaction records during the migration process.