#crypto

Two papers published this week have reignited debates about the risk posed by “Q-day” to the cryptography that underpins digital assets.

JPMorgan is weighing a move into prediction markets as crypto firms, startups and rivals like Goldman Sachs race to dominate the fast-growing sector.

Chinese authorities have arrested Li Xiong, former chairman of Huione Group, linked by U.S. regulators to billions in illicit crypto flows.

Also: OpenAI raises $122 billion, crypto ecosystems diverging post-quantum strategies, and Base’s 2026 roadmap.

The Fed governor has previously said that stablecoins risk undermining the U.S. central bank’s credibility.

In this week’s Crypto Long & Short Newsletter, Nilmini Rubin writes on the challenge facing crypto and traditional markets to create a hybrid, shared governance structure. Then, Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge.

Elon Musk’s rocket company has confidentially submitted IPO paperwork to U.S. regulators, potentially setting up one of the largest public listings in history.

Mike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.

Google's cheapest video model yet targets developers burned by high generation costs, arriving just days after OpenAI pulled the plug on Sora.

The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.

Solana-based perpetuals DEX Drift Protocol has suffered an exploit impacting more than $200 million in funds.

The Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows.

Volatility Shares, the company that launched the first leveraged crypto fund in the U.S., is expanding its roster to smaller digital assets

Google's finding that breaking bitcoin's cryptography requires 20x fewer qubits than previously estimated has triggered the strongest industry response to quantum threats since the Willow chip in 2024. Here's how builders, investors, and researchers are reacting.

OpenFX raised $94 million in a Series A round to expand its stablecoin-based FX network, as firms explore faster cross-border payment infrastructure.

The company acts as a bridge between traditional banking and digital assets, enabling faster and cheaper foreign-exchange conversions for businesses moving large sums of money.

A Coinbase Institute survey suggests crypto has become the financial starting point for most 16-25-year-olds in the UK, as digital assets become a powerful credibility test for political parties.

Odds favor a Democratic rise in Congress next year, when lawmakers who've begun going after firms such as Kalshi and Polymarket may have greater sway.

Stablecoin infrastructure delivers velocity but issuers and exchanges capture the rent. Velocity beats market cap as digital dollars become invisible financial plumbing.

The Uranium Finance indictment carries potential prison time of up to 30 years for fraud and money laundering counts.