Crypto
This May be a Solution to the Cryptocurrency Market’s Massive Quantum Problem
Distributed on behalf of 01 Quantum Inc.
The multi-trillion-dollar cryptocurrency market may have a major quantum computing problem on its hands moving forward. In fact, according to Tech Radar, “Sooner or later, quantum computers will be able to break through today’s encryption, and when that happens, critical industries such as defense, critical infrastructure, telecommunications, and others, will be at risk of nation-state attackers with enough resources to use the advanced tech for nefarious purposes such as espionage or data theft, research has warned.”
Unfortunately, quantum could have the potential to break down the codes that keep cryptocurrencies safe. They could decrypt private keys, ultimately allowing others to control and access others’ cryptocurrency holdings, creating a nightmare for investors.
“Quantum computers are posing a serious challenge to the security of the Bitcoin blockchain. Presently, about 25% of the Bitcoins in circulation are vulnerable to a quantum attack,” according to Deloitte. “Even if everyone takes the same protection measures, quantum computers might eventually become so fast that they will undermine the Bitcoin transaction process. In this case the security of the Bitcoin blockchain will be fundamentally broken.”
So, protection is essential from companies, such as 01 Quantum Inc. (TSXV: ONE) (OTCQB: OONEF), Palo Alto Networks (NASDAQ: PANW), CrowdStrike (NASDAQ: CRWD), Okta (NASDAQ: OKTA), and Zscaler (NASDAQ: ZS).
01 Quantum and qLABS, For Example, Just Provided Further Details of the qLABS Token – The Foundation of Quantum-Safe Web3 Infrastructure on Hyperliquid
01 Quantum (TSXV: ONE) (OTCQB: OONEF), one of the first-to-market, enterprise-level cybersecurity provider for the quantum computing era, and qLABS, a crypto foundation focused on quantum resilience, today announced the economic utility and value exchange in preparation for the launch of the qLABS Token, the first quantum-resistant governance and ecosystem token designed to secure the next generation of Web3 infrastructure on the Hyperliquid blockchain.
Built on 01 Quantum’s Quantum Crytpo Wrapper (QCW) technology as unveiled in the Company’s September 25, 2025 press release and incorporating 01 Quantum’s IronCAP™ post-quantum cryptographic engine, the qLABS Token is at the core of the initiative to make the Hyperliquid ecosystem fully resistant to the threat of quantum computing. This is the next step in moving from technical readiness into economic utility and value exchange as now the instrument of participation and utility, the qLABS Token is defined.
“The arrival of quantum computing represents a fundamental shift for cybersecurity,” said Andrew Cheung, Chief Executive Officer of 01 Quantum. “With qLABS, we are embedding NIST-approved post-quantum cryptography directly into Web3 infrastructure. The qLABS Token unites security, utility, and governance in a single architecture that future-proofs the blockchain economy. We are now moving from technical readiness into economic utility and value exchange.”
The qLABS Token is a fixed-supply governance and utility token deployed on the Hyperliquid network. Its economic model is designed to align long-term value creation with adoption of quantum-safe infrastructure:
· Capped Total Supply. The token supply is fixed, ensuring long-term scarcity and avoiding inflationary dilution.
· Revenue-Backed Buybacks. A portion of protocol revenue from wrapping, staking, and vault operations will be used to repurchase qLABS Tokens from the open market, reducing supply over time.
· Deflationary Burn Mechanisms. Token supply is further reduced through automatic burns triggered by early unstaking events or major quantum-security milestones—such as new NIST PQC standards or credible hardware breakthroughs toward fault-tolerant quantum computing.
· Governance Rights. Holders participate in key ecosystem decisions, including treasury allocation, fee models, and integration priorities, ensuring community-driven evolution of the protocol.
· Utility Integration. qLABS Tokens are required for core ecosystem functions such as creating quantum-resistant tokens via the qLABS Token Generator SDK, wrapping existing $HYPE assets, and offering new staking or vault strategies for quantum-resistant $HYPE holders.
“This design directly links token value to measurable ecosystem growth milestones,” said Ada Jonuse, Executive Director of qLABS. “As adoption scales and quantum-risk awareness increases, the deflationary model ensures long-term alignment between network security and holder value.”
The qLABS Token supports the rollout of a comprehensive quantum-resistant product suite built on IronCAP™ and Quantum Crypto Wrapper (QCW) technology, including:
· Quantum-Resistant Verification Protocol: on-chain validation using post-quantum signatures and Zero-Knowledge Proofs (ZKPs).
· qLABS Wallet: a multi-key wallet for individuals and institutions offering dual classical/quantum-resistant key pairs.
· Quantum-Resistant $HYPE: a 1:1 wrapped version of Hyperliquid’s native token providing yield generation, DeFi composability and protection against quantum attacks.
· Developer SDK and Stablecoin Infrastructure: tools enabling builders to issue and manage fully quantum-safe tokens and stablecoins directly on Hyperliquid.
“We are building the missing security layer for the world’s most innovative DeFi ecosystem,” said Antanas Guoga (Tony G), President of qLABS. “qLABS ensures that Hyperliquid’s financial applications will stay secure and operable well beyond Q-Day.”
Other related developments from around the markets include:
Palo Alto Networks, the global cybersecurity leader, announced Prisma® SASE 4.0, the industry’s most advanced AI-driven secure access service edge (SASE) solution. It sets a new standard with innovations in Prisma Browser that neutralize sophisticated web threats in real-time directly within the browser, where legacy solutions have critical blind spots. It’s designed to intercept and neutralize encrypted, evasive attacks that assemble inside the browser and bypass traditional secure web gateways. The browser is becoming the new operating system for the enterprise, the primary interface for AI and cloud applications. Securing it is not optional. As more critical applications and data reside within the browser, traditional consumer-grade browsers are no longer sufficient for businesses as they lack the necessary security controls to protect against the increasing number of cyberattacks. With Prisma SASE 4.0, Prisma Browser’s new in-browser advanced web protection identifies and neutralizes malware in real-time before it can do harm.
According to the 2025 State of Ransomware Survey from CrowdStrike, 76% of global organizations struggle to match the speed and sophistication of AI-powered attacks. With 89% viewing AI-powered protection as essential to closing the gap, the findings make clear that the future of stopping breaches will be decided by who holds the AI advantage – adversaries or defenders. “From malware development to social engineering, adversaries are weaponizing AI to accelerate every stage of attacks, collapsing the defender’s window of response,” said Elia Zaitsev, CTO at CrowdStrike. “The 2025 State of Ransomware Survey reinforces that legacy defenses can’t match the speed or sophistication of AI-driven attacks. Time is the currency of modern cyber defense – and in today’s AI-driven threat landscape, every second counts.”
Okta, the leading independent identity partner, today announced financial results for its second quarter ended July 31, 2025. “Okta’s unified identity platform is winning customers ranging from the world’s largest global organizations to massive government agencies,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”
Zscaler, the leader in cloud security, announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2025. “We had an outstanding Q4, in which we achieved a new milestone of more than $3 billion of Annual Recurring Revenue while achieving our highest ever operating margin for a quarter. We believe Zscaler’s Zero Trust and AI security solutions are imperative in today’s world and are driving robust demand,” said Jay Chaudhry, Chairman and CEO of Zscaler. “We recently delivered AI Guardrails for Public and Private apps, and we are rapidly expanding our AI security portfolio to address the emerging risks of AI models and applications.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for 01 Quantum Inc. by 01 Quantum Inc. We own ZERO shares of 01 Quantum Inc. Please click here for full disclaimer.
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North Carolina lawmakers on Tuesday advanced a bill to protect consumers from cryptocurrency kiosk fraud.
House Bill 920, which passed the House with a 115-to-0 vote, aims to regulate an industry that its author claims is unregulated in the state.
“It’s the wild, wild West,” Rep. Neal Jackson, R-Moore, said during a committee discussion on Tuesday. “There is no regulation whatsoever in North Carolina. That’s what we’re trying to do here.”
Lawmakers cited a growing amount of fraud as the reason for the bill. About $389 million in losses were reported last year through cryptocurrency ATMs, a 58% increase from 2024, according to the FBI. The majority of those impacted are 60-plus.
The bill now goes to the Senate for consideration. It seeks to:
- Require licenses for all kiosk operators under the Money Transmissions Act.
- Place operators under the supervision of the Commissioner of Banks.
- Require fraud warnings and transaction receipts for every transaction.
- Require compliance and consumer protection officers that are always available.
It also seeks to place limitations on transactions in an effort to reduce fraud, requiring a $2,000 daily limit for the first 30 days for new customers and a $5,000 daily limit for existing customers, who would qualify after 30 days.
While other states have service fees between 20% and 30%, Jackson suggests putting a cap at 14%.
State Rep. Tim Longest, D-Wake, expressed concern about having the kiosks at all in the state. He said the bill’s protections could be stronger.
“These machines can be the subject of fraud, basically facilitating fraud on seniors and other vulnerable individuals and in those cases,” Longest said. “… In crafting regulations, I think it’s important that we ensure consumers are adequately protected by those regulations and I do not believe that, under the language of the bill currently before you, those regulations are sufficient to protect consumers.”
Jackson pointed to this bill as an effort to regulate, not shut down, cryptocurrency kiosks in the state and said there are even more consumer protections in place.
David N. Tente, the executive director of the ATM Industry Association, said the bill — and others like it — is problematic because it requires operators to provide refunds to fraud victims in certain instances.
“In most cases, the cash in the ATM/kiosk does not belong to the operator, which means that returning any of it would be, technically, theft,” Tente said. “If you give someone cash for something, and you change your mind after they leave, you probably won’t get it back.”
He added: “We certainly feel sorry for those being scammed, but there are very simple things you can do to avoid it.”
Tente said these kinds of scams have existed for centuries, adding: “They are still here — just using different means of payment.”
Key Takeaways
- Zcash surged 11.3% to $478, reclaiming its top privacy coin status over monero after an 80% rally.
- The ZEC spike wiped out $11.5 million in short positions within 24 hours as bitcoin dropped below $63,000.
- Analysts like Matthew Brienen watch Zcash next to see how the market prices in the 2022 Orchard pool bug.
The Orchard Vulnerability
Privacy coin Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began shortly after it plunged to just under $265. At the time of writing (5:32 a.m. EST), the privacy coin’s latest climb pushed its gains since June 5 to approximately 80% and saw ZEC’s market capitalization reclaim the $8 billion threshold.
The coin, alongside rival monero, was one of a handful of altcoins that logged gains exceeding 5% even as bitcoin dipped below the $63,000 threshold. ZEC’s surge above $470 on June 9 resulted in $11.5 million in short positions on the coin being wiped out in 24 hours, compared with $2.43 million in liquidated long bets.
While Zcash has since wrestled back its top-dog status from chief rival Monero, the asset is still trading at a steep discount compared to its pre-June 5 peak of just over $600. Before the correction, ZEC was riding a powerful wave of momentum, fueled by a resurgence in the crypto-privacy narrative and high-profile endorsements from industry heavyweights like Arthur Hayes. However, that bullish trajectory ground to a sudden halt. The catalyst for the reversal was the unsettling discovery of a critical vulnerability within Zcash’s Orchard shielded pool—a zero-knowledge security flaw that had quietly lay dormant since 2022.
Despite this, supporters of the privacy coin believe the uncovering of the bug has not damaged ZEC’s long-term appeal. Posting on X, Eunice Wong insisted there is an extremely low likelihood an exploit was executed and said traders who offloaded their holdings had overreacted.
“Long-term thesis hasn’t changed. In an AI-driven world where every transaction is tracked, financial privacy will become the scarcest asset, and ZEC is still one of the strongest privacy plays in crypto. Catching this falling knife is going to look like a genius move,” Wong wrote.
Matthew Brienen, managing partner at Cryptocharged, said while he recently reduced his ZEC holdings, it was purely a risk-management decision rather than a change in conviction. Nevertheless, he offered an explanation for why caution is warranted even if there is no proof that ZEC was counterfeited.
“The Orchard bug isn’t a confirmed inflation event. It’s a confirmed inability to prove supply integrity. Those are not the same thing. The most important fundamental fact to remember is that turnstile accounting is not the same as proving Orchard balances are legitimate. You can track what entered. You can track what exited. That doesn’t prove every claim inside the pool was valid,” Brienen explained.
He added, however, that if counterfeit Orchard notes do exist, they could remain hidden until redemption is ultimately forced. According to Brienen, the recent price action suggests that is exactly what the market is trying to price in.
Key Takeaways
- Top 100 institutional bitcoin holders now control nearly 1.26 million BTC, although Strategy alone accounts for more than two-thirds of that total.
- Mining firms, technology companies, private enterprises, and treasury vehicles are using bitcoin to diversify reserves, hedge inflation risk, and signal long-term conviction.
- The data shows broad institutional participation, but holdings remain highly concentrated among crypto-native firms and one dominant corporate buyer.
Bitcoin Treasuries Are Turning Scarcity Into Strategy
Institutional bitcoin accumulation has grown dramatically, with the top 100 holders now controlling 1,258,090 BTC as of June 8, 2026, according to a chart published on X by HODL15Capital. This group includes public companies, private firms, mining operators, and treasury-focused entities, reflecting specialized corporate allocations alongside one dominant buyer.
At the top of the list, Strategy holds exactly 845,256 BTC, far surpassing every other entity. Twentyone Capital follows with 43,514 BTC, and Japan’s Metaplanet holds 40,177 BTC, showing that institutional BTC accumulation is global and spans multiple industries. Marathon Digital contributes 35,303 BTC.
The size of Strategy’s lead reveals how uneven the race has become. One company controls more bitcoin than the rest of the top 100 combined, turning corporate treasury policy into a marketwide talking point. For investors, that concentration makes Strategy one of the clearest equity-market proxies for BTC exposure.
Other major names on the chart include Coinbase, Riot Platforms, Tesla, Spacex, Cleanspark, Block, Galaxy Digital, American Bitcoin Corp., and Hut 8. That lineup makes the trend easy to understand: bitcoin is no longer only a crypto-sector balance sheet bet. It now reaches miners, exchanges, technology firms, private companies, and treasury vehicles.
The BTC Concentration Across Sectors and Borders
The global spread of BTC holders is as notable as the headline total. Metaplanet’s top ranking shows adoption is no longer U.S.-centric, with participants from Japan, Canada, Europe, and Asia signaling worldwide corporate and institutional demand for bitcoin.
The supply angle is what makes the chart matter beyond crypto circles. The top 100 holders control more than 6% of bitcoin’s maximum 21 million supply, giving a singular corporate buyer a highly visible role in market liquidity. For shareholders, that creates both upside potential and sharper exposure to crypto-driven swings.
Overall, the chart illustrates a highly centralized institutional concentration of bitcoin reserves. The focus is no longer just who holds the most, but how BTC has become a balance sheet battleground, with companies using treasury positions to signal conviction, attract investors, and position themselves in a more bitcoin-integrated financial landscape.
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