Morning Minute: Mark Cuban Sells His Bitcoin – Decrypt

Morning Minute is a day by day e-newsletter written by Tyler Warner. The evaluation and opinions expressed are his personal and don't essentially mirror these of Decrypt. And take a look at our new day by day information present masking the entire prime tales in 5 minutes, downloadable on Apple Pod or Spotify.GM!As we speak’s prime information:
Crypto majors chop whereas HYPE leads; BTC at $77k
HYPE hits new ATH over $62 yesterday, ETF flows hit $70M
Mark Cuban sells his BTC, cites disappointment vs gold & with broader crypto
New quantum resolution proposed by American Fortress, might defend Satoshi cash
MegaETH shuts down its Terminal program and ends factors season early
Mark Cuban Offered Most of His BitcoinMark Cuban offered most of his Bitcoin holdings after concluding it did not act as a hedge towards a weakening greenback and geopolitical turmoil, notably in the course of the latest Iran battle.The billionaire investor, who as soon as described Bitcoin as a superior model of gold and held a crypto portfolio closely weighted towards it, mentioned the divergence between gold and Bitcoin in the course of the Iran warfare was the breaking level. Gold surged whereas Bitcoin struggled to keep up momentum regardless of a weaker greenback, the precise state of affairs the place the “digital gold” thesis was imagined to ship.Cuban commented: “I all the time thought it was a greater model of gold than gold, however gold simply blew up and went to $5,000, and Bitcoin dropped. Each time the greenback dropped, Bitcoin ought to’ve gone up. It’s not the hedge I anticipated it to be.”His disappointment spans throughout crypto, which he feels nonetheless has not discovered “an software for grandma.” That features NFTs, which whereas he avoided calling them useless, did say they're “disappointing.”That view is changing into a extra frequent one, as extra 5-10 yr holders begin to capitulate in 2026. And sadly, the pattern appears extra prone to proceed than to reverse, a minimum of close to time period.A Startup Says It Can Save Satoshi’s 1.1 Million Bitcoin From Quantum AttackersResearchers at AmericanFortress printed a proposal claiming their multi-layer quantum protection system can defend Satoshi Nakamoto’s 1.1 million dormant Bitcoin (and all of the others) from future quantum assaults by way of a comfortable fork that might freeze and defend uncovered addresses.The issue they’re fixing is the “Satoshi drawback” that has haunted each quantum protection proposal up to now. Bitcoin’s roughly 6.9 million cash in addresses with uncovered public keys are straight weak to any quantum pc highly effective sufficient to run Shor’s algorithm towards secp256k1 elliptic curve cryptography. BIP-361, authored by Jameson Lopp, proposed freezing these cash in the event that they don’t migrate to quantum, however Cardano founder Charles Hoskinson identified a deadly flaw: “1.7 million cash can’t try this. It’s not doable. 1.1 million of which belong to Satoshi.” If Satoshi is useless or the keys are misplaced, there’s no option to migrate voluntarily.AmericanFortress’s method is completely different. Slightly than requiring migration or imposing a freeze, their proposal makes use of a comfortable fork to create a protected dormancy state, basically placing a quantum-resistant cryptographic lock round weak addresses with out requiring the proprietor to maneuver the cash or show management. The system layers a number of post-quantum signature schemes to forestall any quantum attacker from exploiting uncovered public keys.The proposal is in early-stage peer assessment and has not been submitted as a proper BIP. The parallel PACTs proposal from Paradigm researcher Dan Robinson provides one other path, letting holders timestamp cryptographic proofs of possession right this moment and later unlock cash by way of quantum-resistant STARK proofs if the community freezes weak addresses.🌎 Macro Crypto and Markets
Crypto majors are flat whereas HYPE leads once more; BTC even at $77k; ETH +1% at $2,130; SOL +2% at $88; HYPE +5% at $61
NEAR (+32%), FET (+13%), TIA (+13%) and WLD (+13%) led prime movers
Oil -2% at $98.50; Gold even at $4,513
Inventory futures are inexperienced with the Nasdaq up barely because the US and Iran sign some peace progress
Blockchain.com confidentially filed an S-1 with the SEC Thursday for a US IPO anticipated earlier than year-end, becoming a member of SpaceX, Kraken, and Grayscale within the 2026 crypto itemizing wave; it beforehand thought-about going public at a $14B valuation in 2022 earlier than a 2023 Collection E spherical reset that determine considerably decrease
a16z-backed Syndicate Labs introduced it's shutting down Thursday after 5 years constructing Ethereum rollup developer infrastructure, citing a structural collapse in demand for reusable rollup tooling
Terraform Labs’ chapter administrator filed an amended criticism Monday alleging Jane Avenue used a personal Telegram group known as “Bryce’s Secret” (run by a former Terraform intern who later joined Jane Avenue) to obtain private details about the well being of TerraUSD earlier than promoting its total $192 million UST place on Might 7, 2022, hours earlier than the stablecoin misplaced its peg
Company Treasuries & ETFsMeme Coin Tracker
Meme leaders have been principally inexperienced; DOGE +2%, SHIB +2%, PEPE +2%, PENGU +5%, TRUMP +5%, BONK +4%, SPX +4%, FARTCOIN +5%
Worldcup (+60%), Manifest (+30%) and Clude (+30%) led notable movers on Solana
Base movers included Supergemma (+33x), grantr (+160%), Pitch (+67%) and Robotmoney (+50%)
📈 Myriad Market of the Day💰 Token, Airdrop & Protocol Tracker
MegaETH introduced the wind down of its terminal program and conclude its factors season early
Polymarket had a personal key exploited for $700k earlier this morning, with the state of affairs creating
🚚 What is going on in NFTs?
NFT leaders have been principally crimson; Punks -1.5% at 33.5 ETH, BAYC -2% at 9.54 ETH, Pudgy -2% at 4.8 ETH; Hypurr’s -7% at 315 HYPE
Slonkz (+16%) and Milady (+6%) led notable movers
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