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Coinbase's Bitcoin premium has been negative for 14 consecutive days, according to data.

Bitcoin's recent price rally faded, coinciding with a surge in oil prices driven by geopolitical tensions. According to CoinDesk data, this has been accompanied by increased market volatility, a rise in hedging activity, and declining open interest in futures markets.

Elon Musk stated that quantum computing could potentially allow access to crypto wallets where passwords have been forgotten, according to his recent remarks.

Google Quantum AI released a whitepaper stating that cracking 256-bit elliptic curve cryptography (ECC), used in many crypto wallets, could require fewer than 500,000 physical qubits and be done in minutes. The company urged the industry to accelerate migration to Post-Quantum Cryptography (PQC).

David Bailey's Nakamoto has sold approximately 284 Bitcoin, representing roughly 5% of its holdings, according to CoinDesk. The sale is part of the company's ongoing pivot to a bitcoin treasury strategy.