$460 billion Bitcoin risk draws BlackRock, Coinbase and Strategy into $15M quantum defense mission
The new consortium comes as falling estimates for quantum computing requirements put greater focus on Bitcoin’s exposed public keys.

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Bitcoin is safe today, but signatures, software, custodians and users would need years to coordinate a defense.
Spot trading remains thin and derivatives traders are still hedging against another drop, even as long-term holders stay put and U.S. ETF demand begins to recover.
Options skew at 11.4 points and positive funding show leverage rebuilding before Bitcoin confirms a durable bottom.
Matching FEC rows name Gemini because it liquidated the same bitcoin, not because the exchange donated another $10 million.
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
The options wall blamed for Bitcoin's stagnation was worth $1.2 billion in notional value and almost nothing in real pressure.