Bitcoin advocates have launched a $15 million fund aimed at preparing the network for the looming threat of quantum computing, as lawmakers signal that a key crypto market structure bill will stall in Congress and Robinhood CEO Vlad Tenev becomes the latest high-profile figure targeted by a social media hack promoting a memecoin.
A Quantum Shield for Bitcoin
The newly established $15 million fund is designed to bolster Bitcoin's defenses against the potential risks posed by quantum computing, a technology that could one day undermine the cryptographic foundations securing digital assets. While practical quantum machines capable of breaking today's encryption remain years away, developers and researchers are increasingly focused on proactive measures.
The initiative reflects growing concern within the Bitcoin community that waiting until a quantum threat becomes imminent could leave the network dangerously exposed. Funding research and development now gives protocol contributors more time to test and roll out quantum-resistant upgrades.
Preparing for a quantum future today may be the difference between a resilient network and a compromised one tomorrow.
Such upgrades are notoriously difficult to coordinate on a decentralized network, where changes require broad consensus among miners, developers, and users. Backers of the fund argue that early groundwork is essential to avoid a rushed and contentious transition later.
Clarity Act Faces Delay
On the regulatory front, the Clarity Act — a market structure bill intended to bring clearer rules to the crypto industry — is no longer expected to advance before Congress breaks for its August recess. The delay pushes a major piece of legislation further down the calendar, prolonging uncertainty for firms operating in the sector.
Market structure legislation has been a top priority for many in the industry, who argue that clear rules on how digital assets are classified and regulated would provide much-needed legal certainty. The slowdown suggests lawmakers still have significant work to do before the measure is ready for a floor vote.
Tenev's Account Compromised
In another sign of persistent security challenges across the space, Robinhood CEO Vlad Tenev's account on X was hacked and used to promote a memecoin. The incident adds to a growing list of prominent accounts hijacked to push dubious tokens and scam projects to unsuspecting followers.
Such attacks typically aim to exploit the trust and reach of high-profile figures, driving quick buying activity before the