Justin Drake's call to prepare for an AI break of wallet cryptography drew a mixed response as bitcoin slipped below $83,000.
Ethereum Foundation researcher Justin Drake warns that Bitcoin (BTC) could face a new cryptographic threat from artificial intelligence (AI) years before quantum computers become powerful enough to break today's encryption.
BlackRock, Fidelity and ARK led $484.9 million in Bitcoin ETF outflows as BTC's price slipped.
A former engineer got 32 months in prison for attacking his New Jersey employer's network and demanding 20 bitcoin, worth about $750,000, as ransom.
Bitcoin traded at $82,926 early Thursday after U.S. spot Bitcoin ETFs posted their largest combined daily outflow since June 25.
U.S. Bitcoin ETFs lost $484.9M on Oct. 7 as BTC fell near $82,700, while Ether ETFs extended their outflow streak to seven sessions.
The derivatives market is more alive than ever, thanks to substantial changes in the hearts of large market participants, with trader 0xdd6a creating large 20x leveraged short positions on major cryptocurrencies. On Aster DEX, the positions currently show unrealized gains of over $586,000 from a total position size of $26.5 million.
The trader deposited 499,000 USD Coin (USDC) on Hyperliquid after more than six months away. The planned position has a liquidation price of $81,466.75.
Bitcoin's first daily close above $85,000 in 2026 came as trading activity remained weak and recent holders sent a larger share of coins to exchanges at a profit.
Bitcoins continue to leave exchange platforms. On Monday, October 5, net outflows reached 24,073 BTC in a single day, a record since March.
Large bids on Hyperliquid overlap with areas where leveraged long positions may be liquidated, potentially reducing visible support beneath the market.
Rolling 30-day new-money inflows reached $4.9 billion through Oct. 5, while Bitcoin's realized cap rose $12.8 billion.