The latest quantum papers from Google and Caltech are an important signal for the industry. Timelines are still debated, but the time to act is now. The good news: post-quantum cryptography exists. This is a solvable problem, and many chains already have roadmaps. Bitcoin needs to catch up though. The bad news: post-quantum cryptography is relatively new and it would be fairly easy to create new security risks if implementation is rushed. The industry needs to align on what happens to wallets that fail to migrate before a CRQC appears. At Coinbase, we’ve been working on this for a while, auditing and upgrading our internal infrastructure, researching post-quantum cryptography and establishing a Quantum Advisory Council. It’s clear Bitcoin needs to make some fast progress here, so Coinbase is taking the role of rallying the troops and getting the right people in the room - Bitcoin core devs and the broader community - so they can start tackling this. But no one developer or company can do this alone. Real progress will require coordinated action across the ecosystem. If you’re working on post-quantum approaches for Bitcoin, we want to support you, and connect you with others that are working on it too. Please DM me directly and I’ll get you added to the working group. Bitcoin can and will upgrade, but it will take the entire community working together.

The Hermes Web Dashboard got a major overhaul: it is now a feature-complete admin panel that you can manage entirely from your browser.

Working ₿etter.

오픈소스 개발자분들을 모십니다. 한국에도 뛰어난 오픈소스 빌더들이 많지만, 대부분은 안정적인 후원이나 수익 구조 없이 개인 시간과 생활비를 들여 개발을 이어가고 있습니다. 버추얼은 이 구조를 바꿀 수 있는 새로운 실험을 함께하고 싶습니다. 트레이딩 수수료만으로는 부족합니다. 그래서 저희는 ACF(Automated Capital Formation)를 통해 오픈소스 빌더들이 더 지속 가능한 방식으로 프로젝트를 키우고, 커뮤니티와 함께 성장할 수 있는 새로운 메커니즘을 실험하고 있습니다. 오픈소스 프로젝트를 더 크게 키우고 싶은 분들, 글로벌 커뮤니티와 연결되고 싶은 분들, 새로운 자금화 모델을 함께 고민해보고 싶은 분들을 찾고 있습니다. - 작게 시작한 프로젝트도 괜찮습니다. - 이미 유저가 있는 프로젝트도 좋습니다. - 아직 아이디어 단계여도 좋습니다. 관심 있으신 분들은 편하게 DM 주세요. 커피챗도 환영입니다. 슬슬 K-오픈소스 빌더들의 힘을 보여줄 시간입니다.

We’re partnering with @Samsung, @_GentleMonster_ and @WarbyParker on new intelligent eyewear. Here's a sneak peek at two designs from this fall's upcoming collections. #GoogleIO

A massive $HYPE buy! Wallet 0xb5E4, linked to #a16z, bought another 372,000 $HYPE($16.91M) over the past 3 hours. Since April 14, this wallet has bought a total of 2.11M $HYPE ($90.87M). intel.arkm.com/explorer/addr… x.com/lookonchain/status/205…

Sunsetting Over Protocol We, the Over Foundation, are announcing the sunset of Over Protocol. Due to financial constraints, we have discontinued operation of our infrastructure and services for Over Protocol, including OverWallet, OverNode, OverFlex, our RPC endpoints, the block explorer, and our APIs. We do not plan to restore these services. Over Protocol is a Layer 1 mainnet, and the network is decentralized in design. However, with the Foundation discontinuing its services, it is highly likely that the chain will not continue to operate in practice. The continued production of blocks depends on independent validators running the open client software, and we are not in a position to direct or guarantee that outcome. We started Over Protocol with a simple idea: that a Layer 1 should belong to the people who run it, and that anyone with a personal computer should be able to take part. The community that formed around that idea was larger and more generous than we had any right to expect. We regret that we could not see it through to the end, and we are grateful for every part of the road we shared. — The Over Foundation

This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore. Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work. Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor. Within 3 years, he was running one of the largest anonymous crypto trading firms. Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed. Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto. Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to. Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do. In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.