GM. Google Quantum AI researchers published a whitepaper today detailing a Shor’s algorithm implementation that could crack Bitcoin private keys in under nine minutes.

Meanwhile, Bhutan moved $25 million in Bitcoin to Galaxy Digital, Nakamoto Inc sold BTC at a 40% loss, and Interactive Brokers expanded crypto trading to Europe.

Here are the details on quantum threats, sovereign moves & institutional expansions. 👇

Google Quantum Paper Predicts 9-Minute BTC Crack by 2029

Google Quantum AI researchers published a whitepaper detailing a highly efficient Shor’s algorithm implementation capable of cracking elliptic curve cryptography. This technical advance suggests that quantum computers could compromise Bitcoin private keys far sooner than anticipated.

The landmark research surfaced across global scientific journals as Google accelerated its post-quantum migration target to 2029. These findings emerged while the total market capitalization of vulnerable digital assets exceeded $2 trillion.

Cybersecurity experts initiated this specific alarm because the new 9-minute crack time is faster than Bitcoin’s average 10-minute block interval. By compressing resource requirements to 500,000 qubits, the hardware effectively threatens live transactions inside the mempool.

Developers must achieve cryptographic mutability by coordinating complex hard forks to integrate larger post-quantum signatures across decentralized networks. Consequently, the industry now faces an urgent mandate to transition ownership to resistant crypto wallet formats before silent thefts occur.

Bhutan Government Moves Over $25 Million In Bitcoin

The Royal Government of Bhutan transferred approximately 375 BTC worth $25.2 million to an unlabeled digital address this Tuesday morning. On-chain analysts at Arkham noted that the funds were subsequently moved to the investment manager Galaxy Digital, indicating a potential sale. This latest transaction brings the total weekly outflows from the Himalayan kingdom’s state-labeled wallets to over 1,000 BTC.

The country originally accumulated its digital wealth by leveraging abundant hydroelectric power to run eco-friendly mining operations instead of seizing criminal assets. Bhutan currently remains the seventh largest nation-state holder of the asset despite reducing its total balance to roughly 3,954 BTC. Experts suggest the government may have paused its mining activities as no significant inflows have been recorded recently.

Nakamoto Inc Sells $20 Million BTC At Over 40% Loss

The Bitcoin treasury firm Nakamoto Inc liquidated 284 BTC for $20 million at a considerable loss during the month of March. According to its latest earnings report, the company offloaded the assets at an average price of $70,422 per coin to replenish its working capital. This sale represents a 40% discount relative to the firm’s original acquisition cost of over $118,171 per token.

The proceeds are earmarked for reinvestment into core business verticals following the recent completion of several high-profile media and investment mergers. CEO David Bailey stated that the company is now focused on driving operating leverage and integrating its newly acquired service offerings. Shares of the Nasdaq-listed firm have struggled significantly, losing 80% of their total market value over the past six months.

Interactive Brokers Launches Crypto Trading In Europe

Interactive Brokers expanded its digital asset services to the European Economic Area through a new integration with Zero Hash. This launch allows eligible individual investors in the region to trade 11 different cryptocurrencies alongside traditional stocks and futures. The available assets include major tokens such as Bitcoin, Ethereum, Solana, and XRP to provide a comprehensive cross-asset experience.

The firm aims to help clients manage their capital and portfolio risk more efficiently within a single regulated trading environment. Users can access these new crypto features through several platform suites, including the specialized Trader Workstation and the IBKR Mobile application. This expansion follows the company’s successful implementation of similar digital asset services for customers located in the United States.

Data of the day

A recent survey conducted by Coinbase and CoinTracker revealed that only 49% of crypto users correctly understand when taxes apply. While a majority of respondents are aware that digital assets are taxable, many incorrectly believe that simple wallet transfers trigger tax events. This confusion persists even as 74% of investors express a clear willingness to comply with federal reporting requirements.

The report highlights that fragmented holdings across an average of 2.5 platforms make tracking the cost basis a large challenge. New IRS rules for the 2025 tax year will require brokers to issue digital forms, yet investors remain responsible for calculating their own gains. Despite the complexity, nearly half of those surveyed indicated they would trust artificial intelligence to manage their future filings.

More breaking news

• Binance is testing an in-app prediction market feature via PredictFun, requiring users to open dedicated event trading accounts separate from spot holdings.

• US authorities charged Jonathan Spalletta for a $53 million exploit of Uranium Finance, alleging he laundered stolen funds to purchase high-value collectibles.

• Tether let go of two former HSBC precious metals traders just months after their hiring as the firm undergoes its first audit.

• A federal court permanently barred KuCoin from serving US customers without registration following a $500,000 civil settlement with the Commodity Futures Trading Commission.

• Haverhill, Massachusetts is considering an ordinance to ban crypto ATMs, citing financial fraud risks and a lack of state and federal regulations.

• Charles Hoskinson unveiled Midnight, a privacy-preserving partner chain for Cardano featuring zero-knowledge proofs and a unique dual-token system for governance and gas.

• Bitfarms announced plans to exit the Bitcoin mining business, selling its holdings to pivot toward AI-focused data center infrastructure and high-performance computing.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.

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