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Welcome to Asia Morning Breifeing, a daily summary of top stories during American hours and observation of market tricks and analysis. For detailed observation of American markets, see the Crypto DeBook America of Coindesk.
Blackrock calls quantum computer, with his ability to improve classical binary computers and break traditional encryption, A threat to crypto,
Therefore, BTC will definitely pay its price, as the risk of computer is soon able to break the encryption which enables bitcoin deficiency is an existentialist.
But on the presence of CNBC recently, Michael Saylor of Strategy reduced the threat of quantum for BTC, arguing that the bitcoin protocol would implement a software upgrade – like any other technical company – when the danger is adjacent.
For anyone worried about quantum computing hacking bitcoins, please listen @Saylor Explain peacefully and rationally why you should sleep well at night. pic.twitter.com/x0xzzl0cd
– Natalie Brunel ⚡ (@natbrnell) June 6, 2025
“This is mainly marketing from those who want to sell you the next quantum yo-y-yo token,” Sayler said on CNBC. “Google and Microsoft are not going to sell you a computer that cracks modern cryptography because it will destroy Google and Microsoft – and the US government and banking system.”
Already, there are several proposals about how to secure the evidence of work against quantum threat, including BTQ, a startup building quantum-proof crypto hardware. A bitcoin developer has carried forward a draft bitcoin improvement protocol that proposes a difficult fork that will take everyone’s wallet to a quantum-mature address.
“Bitcoin is a protocol; the software upgraded every year,” Saylor concluded, arguing that the big safety threat to bitcoin is fishing.
However, Saylor’s approach is not a universal. A recent report by Presto Research argued that the crypto industry is “unprepared” for the upcoming quantum threat.
BTC and market above $ 100K are getting ready for another all -time high challenge, traders do not just feel worried.

As CRCL has a blockbuster iPO, the correct market size of StableCoins remains a mystery.
Circle recently had a blockbuster initial public offer, and is set to open the US Trading Week at more than $ 107 on Monday – an impressive rally at an initial price of $ 69.
The number of stablecoins in circulation is the market cap-one famous fact of the class category. After release on-chain can be seen, and this number comes in $ 254 billion, According to coingecko data,
But it is a bit difficult to detect the amount of stablecoins used in payment.
In a recent thread on xNick Carter, Partner in Castle Island Ventures and Kofounder of Blockchain Data Agricultural Cinmatrics, Pars through available data And found that there is a major discrepancy in numbers.
Estimating the actual part of the stabelcoin transaction operated by payment instead of trading is complex due to challenges such as MEV bot intervention, duplicate on-chain transactions, and spam activity, designed to pure the metrics purely.
Recent analysis clearly portrays this uncertainty. A top-down heuristic May 2025 from visa and alium estimates the amount of stabelcoin transactions at approximately $ 9 trillion annually as May 2025. However, this figure widely incorporates trading, DEFI activity and settlements-not paying the warmth.
In contrast, more detailed bottom-up analysis provides narrow but clear insight. Fireblock, a leading custody provider, reported an annual verified stabechoin payment of about $ 232 billion in trading volumes among its customers, suggesting that the actual payment transactions represent about 10% of their total stabelcoin activity.
Similarly, a targeted joint study by Artemis and Dragonfly sampled 20 stabeloin-centric payment providers directly.
It calculated the volume of $ 72.3 billion $ 72.3 billion and admitted it as a possible undercount for limited samples.
Compared to that $ 72.3 billion figures at a high end, Carter writes, $ 232 billion, underlines how large -scale stables are used as a payment mechanism.
For circles, StableCoin issuer does not provide a figure in its IPO filing how much USDC is used for payment, only indicates the amount of normal transactions.
News sheet
Coinbase, Bit Global Settle Rapped Bitcoin (WBTC) Delisting Sase
Bit Global and Coinbase have resolved their legal dispute over the delisting of the coinbase’s wrapped bitcoin (WBTC), stating the coindsk earlier. According to a joint court filing, Bit Global agreed to dismiss his case with bias – which means that the case cannot be refined – and each company would cover its legal costs.
Bit Global initially sued the coinbase last year, claiming the coinbase’s competitive tokens, in favor of CBBTC, claiming to incorrectly damage the liquidity and reputation of WBTC. The Coinbase cited concerns over the involvement of Crypto billionaire Justin Sun with WBTC, calling it a “unacceptable risk”, although specific settlement conditions were not revealed beyond dismissal.
Vinkalwoss twin ‘Crypto Exchange Gemini files confidentially with IPO
Gemini, Cryptocurrency Exchange and Custdie platforms, which were founded by billionaires Cameron and Tyler Vinklevos, have publicly filed publicly with the American Securities and Exchange Commission (SEC), which is to go publicly, Koandsk told before. IPO details, including size and evaluation, are unknown, but Mithun has already attached Goldman Sachs and Citigroup as financial advisors, who promote themselves prominently among the crypto-root firms entering traditional markets.
The filing follows the successful IPO of the StableCoin issuer circle, with shares that increased dramatically when debuting on New York Stock Exchange. Gemini’s employed IPO Crypto represents an important step for crypto companies seeking extensive approval in mainstream finance for companies, although the time of offering will depend on SEC review and market conditions.
Market movement:
- BTC: Bitcoin trades flat at $ 105,600.30 after recovering from an intraday dip, as in turn, the recent bounce of the minors indicates a potential volatility in the transfer transfer.
- Eth: Ethereum held a strong above $ 2,500 support amidst instability, closing the bulling near $ 2,534, as the ethf of the Blackrock is near $ 5 billion on a continuous institutional flow.
- Sleep: Gold trade is slightly lower at $ 3,314.92, but prominent for weekly benefits, US-China supported by weak American jobs despite reducing stress.
- Nikkei 225: Japan’s Nikkei 225 37,741.61 (+0.50%) opens more, expanding recent benefits after winning the session in two of the last three trading days