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The Bitcoin developer community must hasten its response to the threat of quantum computers, urged Alex Pruden, CEO of quantum-resistance firm Project Eleven. Speaking at the Consensus conference in Miami, Pruden stressed the importance of building a post-quantum cryptography-based signature system in advance rather than waiting for certainty on when quantum computers will be commercialized. He argued that while proactive measures might seem premature, a delayed response could create a risk where private keys can be restored from public keys alone. According to Pruden, approximately $2.3 trillion in cryptocurrency is currently exposed to this vulnerability, necessitating the adoption of a new security framework to replace Bitcoin's existing ECDSA signature structure.

While Bitcoin spot ETFs have significantly improved access to cryptocurrency investments, structural market issues remain unresolved, according to industry experts. Speaking at the Consensus conference in Miami, Christopher Russell, Head of Strategy and Analytics at Calamos Investments, noted that the share of BTC spot ETFs is still minimal compared to the total advisory market's $146 trillion in assets. He added that advisors are hesitant to allocate significantly to the volatile asset, partly due to the burden of explaining sharp price drops to clients. Separately, Jean-Marie Mognetti, co-founder of CoinShares, highlighted custody structure issues, warning that a huge concentration risk is emerging because most ETFs rely on Coinbase as their single custodian.

Matthew Sigel, Head of Digital Assets Research at VanEck, has predicted that BTC could potentially reach $1 million within the next five years. In a CNBC interview, he said this is an entirely plausible scenario, citing demand for BTC from younger investors and ongoing demographic shifts, according to The Block. The forecast echoes similar comments made last month by Bitwise Chief Investment Officer (CIO) Matt Hougan. Eric Trump, the second son of U.S. President Donald Trump, has also stated that BTC will surpass the $1 million mark.

The stablecoin market's structure, dominated by Tether (USDT) and Circle (USDC), is limiting industry competition, according to Ben O'Neill, Head of Money Movement at the stablecoin payment platform Bridge. Speaking at the Consensus Miami event, O'Neill argued that while Tether and Circle lead the market, their models are not suitable for all use cases, which could negatively impact the overall growth of the stablecoin industry. He noted that Tether demands a high redemption fee of around 10 basis points, and Circle has also been continuously raising its fees, creating a burden for payment companies. O'Neill warned that without increased competition, the established major players will likely continue to raise fees and will not share their profits.

U.S. Congress is aiming to pass the CLARITY Act before July 4, CoinDesk reports. Speaking at the Consensus 2026 conference in Miami, Patrick Witt, a White House cryptocurrency advisor, outlined a timeline that would see the bill begin deliberations in the Senate Banking Committee this month. The plan is to proceed with a full Senate vote in June before a final vote in the House of Representatives ahead of Independence Day. Witt emphasized that while the schedule is tight, the goal is fully achievable and would serve as a meaningful gift for the 250th anniversary of the nation's founding.

Whale Alert reported that 348,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $348 million.

An announcement regarding a U.S. strategic reserve plan for Bitcoin will be made within a few weeks, according to Patrick Witt, Chairman of the White House Cryptocurrency Advisory Committee. Speaking at the Consensus conference in Miami, Witt stated that the U.S. government has been working for several months to consolidate the management and enhance the security of its BTC and other cryptocurrency holdings, CoinDesk reported. He also explained that following an executive order from President Donald Trump, the White House has halted the sale of cryptocurrencies that occurred under the previous administration and has launched a comprehensive review of crypto assets held by all government agencies.

Aave (AAVE) announced it has liquidated the remaining rsETH position belonging to the KelpDAO hacker. According to The Block, the move was part of a previously disclosed recovery plan that required a governance process to temporarily adjust the rsETH oracle price. The liquidation was executed on the Ethereum and Arbitrum networks.

Euro Pacific Capital CEO Peter Schiff has criticized Strategy's STRC as a Ponzi scheme that will collapse once its dividend payments cease, BeInCrypto reported. Schiff argued that Strategy will eventually reach a point where its STRC dividend payments become unsustainable. At that juncture, he said, Michael Saylor will have to choose between selling his holdings or the preferred shareholders' stake. Schiff asserted that this structure is destined to collapse and emphasized that Bitcoin itself is a hybrid scam.

Strategy has stated via its official channels that an annual price increase of just 2.3% for Bitcoin is enough to cover its dividend payments indefinitely.

VanEck predicts Bitcoin will reach $1 million within five years, Solid Intel reported.

KelpDAO has announced it is preparing to migrate to Chainlink's Cross-Chain Interoperability Protocol (CCIP), alleging that a recent $292 million hack was caused by an internal issue within LayerZero's (ZRO) infrastructure. According to CryptoPotato, KelpDAO plans to switch from LayerZero's OFT standard to the Chainlink-developed CCIP as part of its long-term strategy. The move aims to reduce reliance on a single point of failure while strengthening future cross-chain security.

The three major U.S. stock indices closed higher today. - S&P 500: +1.46% - Nasdaq: +2.02% - Dow Jones: +1.24%

Bankrupt crypto exchange Bittrex has petitioned a court to void its 2023 settlement with the U.S. Securities and Exchange Commission (SEC), Decrypt reported. The exchange paid a $24 million fine last year to resolve charges of operating as an unregistered exchange. Bittrex is now asking the court to nullify the agreement and order a refund of the fine, arguing that the SEC's stance on cryptocurrencies has since become more favorable.

Eric Trump, the second son of U.S. President Donald Trump, stated that the tide has completely turned in the market, with banks that were once hostile to crypto now embracing it. According to CoinDesk, speaking at the Consensus 2026 conference, Trump highlighted that JPMorgan, which called Bitcoin a "joke asset" a year and a half ago, now even offers mortgage loans. He added that large institutions like Bank of America, Charles Schwab, and JPMorgan are joining the cryptocurrency market. Trump noted that JPMorgan CEO Jamie Dimon, a long-time crypto critic, has ultimately embraced progress. He emphasized that the crypto industry is disrupting the very banks that once refused to do business with his family.

The buzz around Wall Street's tokenization boom is largely overstated and will not see significant progress until the U.S. Congress establishes a clear legislative framework, according to billionaire investor Kevin O'Leary. Speaking at Consensus 2026, he argued that Bitcoin remains a non-mainstream asset that institutions will not adopt without federal regulatory clarity, CoinDesk reported. While O'Leary acknowledged that tokenization is an innovative technology capable of shortening settlement times and reducing costs, he stressed that institutions require legal certainty before committing capital. He pointed to the dramatic increase in stablecoin adoption following the passage of the GENIUS stablecoin regulation act as a case in point. O'Leary added that institutional investors are primarily interested in Bitcoin and Ethereum, with little focus on other altcoins. He concluded that the key competitive factor for blockchain platforms going forward will be their ability to secure corporate adoption.

U.S. Senator Kirsten Gillibrand stated there will be no agreement on the CLARITY Act without a provision to prevent insider trading, citing growing concerns over the Trump family's conflicts of interest in cryptocurrency, The Block reported. Speaking at the Consensus conference, Gillibrand said it is unacceptable for lawmakers or government officials to use their positions to accumulate wealth through related industries. She noted that many Democratic senators have raised concerns about the Trump family's close ties to the crypto sector. Previously, Bloomberg estimated that the Trump family had earned at least $1.4 billion from the industry. While a compromise has been reached on stablecoin interest issues within the CLARITY Act, the potential inclusion of an ethics provision for public officials is now considered the biggest variable affecting the bill's passage.

An anonymous, newly created address (0x4E53) withdrew 349,999 HYPE, worth $15.21 million, from Coinbase over the past 24 hours and transferred the funds to a staking address, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as an intention to hold.

Crypto asset manager 21Shares has listed preferred shares (STRC) of Strategy (MSTR) on the London Stock Exchange, Decrypt reported. MSTR will pay STRC holders a monthly variable dividend targeting 9% annually. If STRC trades above $100, the dividend rate will decrease, while if it trades below $100, the rate will increase.

U.S. crypto exchange Kraken has begun offering spot margin trading services to its users in the country, The Block reported. The move comes less than a month after Kraken acquired Bitnomial, a Chicago-based derivatives exchange and clearinghouse, for $550 million. Previously, U.S. retail investors often had to turn to overseas exchanges for margin trading due to a lack of compliant domestic options. Kraken's physically-settled margin trading service will allow for up to 10x leverage.

Ondo Finance (ONDO) has announced the successful completion of a pilot program for the real-time redemption of its U.S. Treasury fund, in collaboration with JPMorgan's Kinexys, Mastercard, and Ripple. The pilot involved Ripple redeeming a portion of its OUSG tokens, Ondo's short-term U.S. Treasury token, on the XRP Ledger (XRPL). Ondo Finance then processed the transaction, with U.S. dollars deposited into Ripple's bank account via the Mastercard Multi-Token Network and JPMorgan's Kinexys. Ondo Finance stated that the pilot lays the foundation for a 24/7 global market by connecting public blockchains with interbank settlement networks.

The Jito Foundation, the organization behind the Solana-based liquid staking token JTO, has partnered with Solana aggregation firm Solana Company to expand validator and staking infrastructure for institutions in the Asia-Pacific (APAC) region, The Block reported. The two organizations will collaborate on installing and operating Solana validator servers across APAC, focusing on Solana Company's institutional infrastructure network, the "Pacific Backbone," which connects Hong Kong, Singapore, Japan, and South Korea. They also plan to develop jitoSOL-based staking products for large financial institutions in Asia.

A U.S. government address deposited 3.233 ETH ($7,630) to Coinbase Prime about an hour ago, Lookonchain reported. The funds were seized from Glenn Olivio, who was indicted last year on money laundering charges. The U.S. government also deposited 2.44 BTC seized from Olivio to Coinbase Prime on April 11.

South Korean crypto exchange Upbit announced it will temporarily suspend services for several cryptocurrencies starting at 3:30 p.m. UTC on May 6 due to a Stellar network upgrade. The suspension will affect deposits and withdrawals for Stellar (XLM), as well as withdrawals for AQUA and Mobius (MOBI).

The United States and Iran are working through intermediaries to finalize a one-page, 14-point memorandum of understanding (MOU), The Wall Street Journal (WSJ) reported, citing sources. The document aims to establish a framework for one month of negotiations to end the war, with these discussion points set to become the core agenda for the next round of talks. Negotiations could resume as early as next week in Islamabad, Pakistan. According to the sources, Iran has shown some flexibility from its previous stance by expressing a willingness to discuss its nuclear program. However, several key issues remain unresolved and are expected to complicate the final negotiations. These include a deadline for halting uranium enrichment, whether to transfer highly enriched uranium abroad, and Iran's insistence on maintaining permanent control over the Strait of Hormuz. The timing and scope of sanctions relief could also be a stumbling block. The sources added that the one-month negotiation period could be extended by mutual agreement if progress is made. An Iranian Foreign Ministry spokesperson stated that the country is reviewing a proposal from the U.S. and will convey its position through Pakistani intermediaries once the evaluation is complete.