cpeditor
Bitcoin Climbs as Asia Opens, With Eyes on Japan’s Bond Market and Quantum Risk Looming Over Crypto
Bitcoin kicked off the Asian trading day on firmer ground, rising 0.9% to $106,402.39, recovering from weekend losses driven by renewed geopolitical uncertainty and a sharp reversal in ETF flows. The dip, which briefly dragged BTC down to $103,748, followed $616 million in outflows from spot Bitcoin ETFs—bringing an abrupt end to BlackRock’s 31-day inflow streak.
Beyond short-term price action, analysts are paying close attention to an unexpected development: Bitcoin’s strengthening correlation with Japan’s 30-year bond yields. According to macro strategist Weston Nakamura, this trend reflects deeper shifts in global capital markets, potentially signaling that Japan’s monetary landscape is beginning to shape crypto price behavior more than U.S. equities.
Technically, Bitcoin remains in a fragile position, holding just above a key support near $104,300, as traders digest mixed signals from macro forces and ETF flows.
Quantum Threat Demands Proactive Crypto Defense, Says Analyst
As blockchain technology matures, so does the urgency around safeguarding it. Quantum computing, once a distant hypothetical, is becoming more tangible—and crypto researcher Rick Maeda warns the industry isn’t taking the threat seriously enough.
In a recent report and interview with CoinDesk, Maeda called out the sector’s lack of investment in quantum-resistant infrastructure, blaming the absence of short-term profitability. “There’s no easy way to monetize quantum readiness,” he said, “and that’s slowing things down.”
Maeda stressed that preparation must begin early. “Waiting for quantum to become a real threat before acting is the most dangerous approach,” he warned. Current quantum systems may not yet be powerful enough to break cryptographic standards like ECC, but Maeda says that’s no excuse for delay.
Even as he tempers fear with realism—pointing to today’s low logical qubit counts and high error rates—his central message is clear: crypto must build resilience now, not later.
In Brief: Industry Headlines
Meta Shareholders Reject Bitcoin Treasury Plan
A proposal to shift a portion of Meta’s $72 billion in reserves into bitcoin was overwhelmingly voted down, with less than 0.1% shareholder support. The idea, floated by Strive Asset Management and backed by conservative think tanks, sought to use BTC as a hedge against inflation—echoing Meta’s earlier, ill-fated venture into digital currency via the Libra project.
Still, Meta remains active in exploring stablecoin-based payment systems, even as its broader crypto ambitions have cooled.
Stablecoin Regulation at Risk of Senate Distraction
With the GENIUS Act headed for final debate in the Senate, crypto lobbyists are sounding the alarm. They warn that unrelated amendments—like the Credit Card Competition Act—threaten to derail focused legislation aimed at regulating stablecoin issuers like Tether and Circle.
The bill enjoys bipartisan support, and analysts give it a 60–65% chance of passing this year. A successful Senate vote would set the stage for a key crypto regulatory milestone—though the House must also weigh in.
Markets at a Glance
- Bitcoin (BTC): ▲ 0.9% to $106,402.39 – Recovers from ETF-driven weekend dip
- Ethereum (ETH): ▲ 3% to $2,539.04 – V-shaped bounce supported by institutional demand
- Gold: ▲ 2.1% to $3,371.40 – Safe-haven rally amid geopolitical risks
- Nikkei 225: ▲ 0.36% – Advances as Asia tracks Wall Street gains
- S&P 500: ▲ 0.4% – Markets brush off trade tensions, post moderate gains
