HyperLend has integrated RedStone&#8217;s modular oracle protocol to ensure secure and reliable price feeds for its lending operations. Modular oracle protocol RedStone (RED) now powers HyperLend, the first lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine. This integration enables…

RedStone Oracles power HyperLend lending protocol on Hyperliquid EVM

On-chain data shows the Bitcoin Supply in Profit is yet to drop under this key level during the current cycle, a sign that could be optimistic for BTC. Bitcoin Supply in Profit Has Remained Above 70% So Far In a CryptoQuant Quicktake post, an analyst has talked about the the recent trend in the Supply in Profit for Bitcoin. The &#8220;Supply in Profit&#8221; is an indicator that keeps track of the percentage of the total BTC supply in circulation that&#8217;s being held at a net unrealized profit. The metric works by looking at the transaction history of each coin in the circulating supply to see what price it was last moved at. The previous transaction of any token is likely to represent the last point at which it changed hands, so the price at that time would denote its current cost basis. Related Reading: Bitcoin Bulls Positioning Aggressively On Binance, Data Shows Naturally, if this acquisition level for a given coin is under the latest spot price, then that particular coin would be considered to be holding some net gain. The Supply in Profit adds up all tokens satisfying this condition and determines what part of the supply they make up for. Another indicator called the Supply in Loss deals with the tokens of the opposite type. This indicator&#8217;s value can also be found by subtracting the Supply in Profit from 100, since both of the metrics must add up to 100%. Now, here is the chart for the Bitcoin Supply in Profit shared by the quant that shows the trend in its value for the last several years: The value of the metric appears to have been on the rise in recent days | Source: CryptoQuant As is visible in the above graph, the Bitcoin Supply in Profit hit the 100% mark earlier as the cryptocurrency&#8217;s price explored new all-time highs (ATHs). With the drawdown that has occurred during the last few months, however, the indicator has plunged. In the chart, the quant has highlighted two lines that could prove to be of relevance to the asset. The bottom one (shaded in orange) corresponds to a value of 70%. It would appear that during the last cycle, losing this level meant the start of a bear market for BTC. So far in the current cycle, Bitcoin is yet to see a drop below it. The closest it came was during last year&#8217;s consolidation phase. A level that the asset has dropped under a few times already this cycle is the 80% one, colored in yellow. Related Reading: Behind The Mantra (OM) Collapse: Glassnode Reveals The On-Chain Side Of Things The recent correction also took the Supply in Profit below it, but the recovery rally has meant that it&#8217;s close to retesting the line again. During both the previous and current cycles, the initial break above the line signaled the start of the bull market for the coin. Based on the pattern, the analyst has noted, &#8220;next target is to push the supply in profit back to 80% to signal strong bullish momentum.&#8221; BTC Price Bitcoin has retraced some of its recent recovery during the past day as its price has slipped back down to $83,900. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin Supply In Profit Hasn’t Lost This Key Level Yet—Bull Cycle Intact?

Quantum computing research firm Project Eleven has launched a competition to 
see just how much of a threat quantum computing currently poses to Bitcoin.
Launching the competition on April 16, Project Eleven said it is offering 1 
Bitcoin (BTC) to whoever cracks the biggest chunk of a Bitcoin key using a 
quantum computer within the next year.
Project Eleven said the purpose of the &#8220;Q-Day Prize&#8221; is to test &#8220;how urgent 
the threat&#8221; of quantum is to Bitcoin and to find quantum-proof solutions to 
secure Bitcoin over the long term.
&#8220;10 million+ addresses have exposed public keys. Quantum computing is steadily 
progressing. Nobody has rigorously benchmarked this threat yet,&#8221; Project 
Eleven wrote on X on April 16.
More than 6 million Bitcoin &#8212; worth around $500 billion &#8212; could be at risk 
if quantum computers become powerful enough to crack elliptic curve 
cryptography (ECC) keys, Project Eleven said.
Participants can register as individuals or as a team and have until April 5, 
2026, to complete the task. The prize winner will win 1 Bitcoin, currently 
worth $84,100.
_Source:__Project Eleven_
The aim is to run Shor&#8217;s algorithm on a quantum computer to crack as many bits 
of a Bitcoin key as possible, acting as a proof-of-concept that the technique 
could scale to crack a full, 256-bit Bitcoin key once the necessary compute is 
available.
&#8220;The mission: break the largest ECC key possible using Shor&#8217;s algorithm on a 
quantum computer. No classical shortcuts. No hybrid tricks. Pure quantum 
power,&#8221; Project Eleven said.
&#8220;You don&#8217;t need to break a Bitcoin key. A 3-bit key would be big news,&#8221; it 
added.
No ECC key used in real-world applications has ever been cracked, noted 
Project Eleven, adding that the winner could &#8220;go down in cryptography 
history.&#8221;
Project Eleven noted that several online platforms offer quantum computing 
access, such as Amazon Web Services and IBM.
_Source:__Jameson Lopp_
 _**Related:**__**Bitcoin &#8216;s quantum-resistant hard fork is inevitable &#8212; It&#8217;s 
the only chance to fix node incentives**_
Current estimates suggest that around 2,000 logical qubits (error-corrected) 
would be enough to break a 256-bit ECC key, Project Eleven noted.
IBM&#8217;s Heron chip and Google&#8217;s Willow can currently do 156 and 105 qubits &#8212; 
significant enough to cause concern, according to Project Eleven, which 
believes a 2,000-qubit quantum system could be developed within the next 
decade.
## Quantum threat to Bitcoin is real but there&#8217;s time, Bitcoiners say
Bitcoin cypherpunk Jameson Lopp recently said the question of how concerned 
the industry should be about quantum computing is currently &#8220;unanswerable.&#8221;
&#8220;I think it&#8217;s far from a crisis, but given the difficulty in changing Bitcoin 
it&#8217;s worth starting to seriously discuss,&#8221; Lopp said in a March 16 post.
In February, Tether CEO Paolo Ardoino said the concern is well-founded but is 
confident that quantum-proof Bitcoin addresses will be implemented well before 
any &#8220;serious threat&#8221; emerges.
_Source:__Paolo Ardoino_
 _**Magazine:**__**Bitcoin vs. the quantum computer threat: Timeline and 
solutions (2025 -2035)**_

Project 11 is offering 1 BTC to whoever cracks the longest Bitcoin key

A recent poll indicates that financial experts remain skeptical if Shiba Inu 
is able to overtake Dogecoin in value. The poll, conducted by Finders, 
surveyed 14 finance experts for their opinion on whether SHIB will ever 
overtake DOGE in market capitalization. Their findings? A whopping 79% of the 
total participants believe that Shiba Inu will never flip Dogecoin in the area 
of market capitalization. Related Reading: Crypto Holders Beware! New Malware 
Drains ETH, SOL, XRP Wallets Survey Reports Overwhelming Consensus Against 
SHIB Flipping DOGE The results point to a distinct stance by the majority of 
experts. A mere 7% of those polled showed confidence that SHIB would at some 
point in the future surpass DOGE, and these few stalwarts predicted it could 
occur as soon as 2026. The other 14% were uncertain about SHIB&#8217;s fate. The 
overwhelming rejection of Shiba Inu&#8217;s ability to replace DOGE as the leading 
meme coin mirrors wider market opinion regarding the two tokens. Supply Issues 
Present Major Hurdle For Shiba Inu Huge challenges in the SHIB token supply 
are one potential consideration preventing overtaking Dogecoin, Dr. Sathvik 
Vishwanath, Unnocoin&#8217;s jurisdictional head, disclosed. Consider the 
circulating supply of SHIB at 589.25 trillion versus just 148.82 billion for 
DOGE: the supply gap is massive. Vishwanath said that despite Shiba Inu&#8217;s 
excellent tokenomics and solid community support, the massive token supply 
keeps SHIB from taking over DOGE&#8217;s market cap. Huge Disparity In Current 
Market Position At present, Dogecoin is at the eighth position among cryptos 
with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a 
market capitalization of $7.3 billion. SHIB would have to increase its worth 
by 240% to reach DOGE&#8217;s current rank by assuming that Dogecoin&#8217;s price remains 
constant, and both tokens share the same circulating supply. Related Reading: 
Solana Hits Milestone As Canada OKs First Spot ETFs Current Whale Activity 
Suggests Possible Turnaround Contrary to the negative expectations of 
analysts, new trading statistics show a significant Shiba Inu rise. According 
to IntoTheBlock, with whales dominating, SHIB daily trade volume rose to 224 
billion tokens in 24 hours. Inflows from large-holders increased from 96 
billion SHIB on April 13 to over 224 billion on April 14. This rise in 
interest from major investors could be a sign of changing sentiment as whales 
will set up before they anticipate a move in prices. This isn&#8217;t the first time 
these cryptocurrencies have seen conflicts regarding superiority. In 2021, 
Shiba Inu briefly dethroned Dogecoin when its market cap touched $39 billion. 
Alas, this victory was short-lived as DOGE quickly reclaimed the title of the 
number one meme coin. Featured image from Pixabay, chart from TradingView

Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say

The SEC is charging full speed into crypto regulation with a high-stakes 
roundtable on custody, spotlighting major players and big legal brains. 
Custody Takes Center Stage at SEC&#8217;s 3rd Crypto Roundtable The U.S. Securities 
and Exchange Commission (SEC) announced on April 16 the agenda and panelists 
for its upcoming crypto custody roundtable, part of its […]

SEC Targets Crypto Custody in Upcoming Roundtable

A federal court pause in the Ripple-SEC case accelerates momentum toward a $50 
million settlement, positioning XRP for a landmark regulatory win and market 
resurgence. Ripple v SEC: XRP Trial Paused Pending $50M Deal Decision A 
federal appellate court has temporarily paused the ongoing legal battle 
between the U.S. Securities and Exchange Commission (SEC) and […]