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Satoshi's views on quantum computing and Trump's hope for Bitcoin to reach 150 thousand, etc.

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#Bitcoin
The Block
526Words
Dec 10, 2024

In today’s newsletter, we explored the countermeasures suggested by Satoshi Nakamoto if quantum computing were to break Bitcoin. Meanwhile, $Trump expressed hope that Bitcoin would reach 150 thousand during the early days of his presidential term. The cryptocurrency market experienced significant deleveraging events in the past 24 hours, with a total liquidation amount of 1.60 billion, primarily led by altcoins such as $ETH, $SOL, and ADA, which saw price drops of 5%, 6%, and 11%, respectively. Former Ethereum researcher Max Resnick has left MetaMask developer Consensys to join Anza, a development company focused on Solana. Bitcoin self-custody investment app Relai raised 12 million in Series A funding led by Ego Death Capital, bringing its total funding to 20 million, with a later valuation increased to 72 million. The multi-chain NFT marketplace Magic Eden launched its ecosystem token, allowing users to claim and stake ME to participate in cross-chain challenges and future airdrop opportunities.

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