Morning! Here are a few Web3 headlines today 📰
1️⃣ Is there a solution to quantum attacks?
Bitcoin developer Cory Fields proposed a “quantum landmine”: in the future, anyone using a quantum computer to steal coins would first have to put up an equal amount of BTC as collateral. The original owner could then confiscate the thief’s deposit with a single “proof of ownership” receipt. Two other auction mechanisms are designed specifically for coins with no known owner. He calls it a “thought experiment”—it’s still a long way from implementation.
2️⃣ All seven tech giants are out
Apple and Meta have also asked for their stocks to be removed from the tokenized stock platforms run by OKX and ICE. That means all of the “Magnificent Seven” are now opposed, bringing the total number of opposing companies to 67. Coinbase, Robinhood, and Strategy aren’t on the list. The platforms had planned to offer 24/7 trading in tokenized U.S. stocks, but even getting them off the ground looks difficult.
3️⃣ AI chip stocks crash, then bounce
Nvidia fell 9.3% on Thursday, then rebounded 2.78% on Friday to $186.64. AMD dropped 17.3% the previous day, then rose 11.04% on Friday. Taiwan’s weighted index fell 8% for the week, and TSMC hit its daily limit-down. The trigger: in 40 of 41 local votes held after the midterm elections, voters supported restricting data center construction—the biggest growth story for chip stocks is now under scrutiny.
In short: The quantum threat is still just a theory, the tech giants have already rejected tokenized stocks, and AI is starting to get expensive.
Which story are you following most closely?
#Web3Daily #Bitcoin #TokenizedStocks
1️⃣ Is there a solution to quantum attacks?
Bitcoin developer Cory Fields proposed a “quantum landmine”: in the future, anyone using a quantum computer to steal coins would first have to put up an equal amount of BTC as collateral. The original owner could then confiscate the thief’s deposit with a single “proof of ownership” receipt. Two other auction mechanisms are designed specifically for coins with no known owner. He calls it a “thought experiment”—it’s still a long way from implementation.
2️⃣ All seven tech giants are out
Apple and Meta have also asked for their stocks to be removed from the tokenized stock platforms run by OKX and ICE. That means all of the “Magnificent Seven” are now opposed, bringing the total number of opposing companies to 67. Coinbase, Robinhood, and Strategy aren’t on the list. The platforms had planned to offer 24/7 trading in tokenized U.S. stocks, but even getting them off the ground looks difficult.
3️⃣ AI chip stocks crash, then bounce
Nvidia fell 9.3% on Thursday, then rebounded 2.78% on Friday to $186.64. AMD dropped 17.3% the previous day, then rose 11.04% on Friday. Taiwan’s weighted index fell 8% for the week, and TSMC hit its daily limit-down. The trigger: in 40 of 41 local votes held after the midterm elections, voters supported restricting data center construction—the biggest growth story for chip stocks is now under scrutiny.
In short: The quantum threat is still just a theory, the tech giants have already rejected tokenized stocks, and AI is starting to get expensive.
Which story are you following most closely?
#Web3Daily #Bitcoin #TokenizedStocks