Crypto’s Quantum Problem, Crypto Exploits, and Macro Breakdown

Crypto majors fell yesterday evening as ceasefire hopes fade; BTC -2% at $68.4k; ETH -3% at $2,090; SOL -3% at $79.3; HYPE -3% at $36.30. CC (+6%), DEXE (+5%), and ZEC (+3%) led top movers. Oil +4% at $114; Gold -1% at $4,640. The IMF warned that stablecoins resemble money market funds more than actual money and could face confidence-driven runs as tokenized finance scales. The IMF also said tokenization could revolutionize financial markets by enabling 24/7 settlement and fractional ownership of assets, while warning of new systemic risks from automated smart contract execution and cross-border regulatory gaps. Bitcoin Core developers are spotlighting "attack blocks" on the Signet test network today, specially crafted blocks that take orders of magnitude longer to verify than normal ones, exposing a live consensus vulnerability that BIP 54 (the Great Consensus Cleanup) aims to fix.