According to @AltcoinGordon, the cryptocurrency market faces an imminent existential threat from quantum computing, known as 'Q-Day,' which could break the encryption securing assets like Bitcoin (BTC) and Ethereum (ETH). Researchers warn that approximately 4 million BTC are vulnerable, a risk now cited in BlackRock's Bitcoin ETF filing. The 'Harvest Now, Decrypt Later' strategy, where malicious actors are currently storing encrypted data for future decryption, is a present danger highlighted by IBM Quantum's Jay Gambetta. In response, Project Eleven has raised $6 million in a round co-led by Variant Fund and Quantonation to build defenses. The company is launching 'Yellowpages,' a post-quantum cryptographic registry that allows users to create a verifiable link between their existing BTC address and a new quantum-resistant key without requiring a contentious network hard fork. This approach contrasts with proposals like QRAMP, offering a potentially faster, consensus-free path to security as experts like Tilo Kunz warn Q-Day could arrive as soon as 2025, making proactive measures critical for traders and investors.

According to @AltcoinGordon, Project Eleven has secured $6 million in funding, co-led by Variant Fund and Quantonation, to develop defenses for Bitcoin (BTC) against the looming threat of quantum computing, as stated in a company release. The project's CEO, Alex Pruden, highlighted the imminent nature of this threat. Project Eleven is launching 'Yellowpages,' an off-chain registry for creating quantum-resistant ownership proofs without requiring a contentious hard fork, a process that co-founder Conor Deegan says provides users with 'free, audited, and open-source tools' for proactive security. While these long-term security developments unfold, Bitcoin (BTC) is trading at approximately $108,018, up 0.80% over 24 hours, based on the provided BTC/USDT market data. At the same time, @AltcoinGordon expresses concern that the crypto industry's original cypherpunk values are being diluted by mainstream adoption and political engagement. The author points to actions like Coinbase sponsoring political events as examples of major players becoming co-opted by the very systems cryptocurrency was designed to challenge, arguing this undermines the core mission of decentralization. The author calls for a return to building tools that empower individuals and make centralized power irrelevant, rather than simply navigating or appeasing existing structures.