Trump Administration Supports Crypto, Establishes Bitcoin Reserve

PANews reported on November 6th that, according to SoSoValue data, the US-based Solana spot ETF saw a net inflow of $9.7 million on November 5th, marking its seventh consecutive day of inflows. Specifically, Bitwise BSOL saw a net inflow of $7.46 million, and Grayscale GSOL saw a net inflow of $2.24 million. Currently, the Solana spot ETF has a total net asset value of $531 million, with a cumulative net inflow of $294 million, representing 0.59% of the total market capitalization of SOL. Additionally, the Hedera spot ETF saw a net inflow of $1.92 million, while the Litecoin ETF saw no new inflows.

The post Lawmakers Plan Crucial Meeting on Crypto Market Structure Bill appeared on BitcoinEthereumNews.com. Senator John Boozman is set to meet White House crypto advisor David Sacks and Senator Cory Booker to finalize a draft. While there is still some optimism among sponsors like Senator Cynthia Lummis, the legislative timeline is increasingly uncertain due to the political gridlock. At the same time, the UK is moving to align its stablecoin regulations with the US, with Bank of England Deputy Governor Sarah Breeden confirming plans to release a consultation paper on Nov. 10. Crypto Bill Back in Focus? Discussions over the long-awaited US digital asset market structure bill are continuing despite the ongoing government shutdown—which is the longest in the country’s history. The legislation is widely seen as one of the most consequential efforts to define the regulatory framework for cryptocurrencies, but it is still in limbo as lawmakers juggle competing priorities and political tensions. According to a report from Politico, Senator John Boozman, a Republican member of the Senate Agriculture Committee, is expected to hold talks with White House crypto and AI advisor David Sacks and Democratic Senator Cory Booker to help finalize a discussion draft of the bill. The Agriculture Committee, along with the Senate Banking Committee, plays a key role in shaping the legislation before it can move to a full Senate vote. Report from Politico The bill originally passed by the House of Representatives in July, and was expected to pass the Senate with bipartisan support. However, progress slowed due to disagreements over how decentralized finance (DeFi) protocols should be regulated, coupled with the disruption caused by the government shutdown.  Many lawmakers shifted their focus to reopening the government and restoring operations at key financial regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), both of which have been forced to scale back activity due…

The post Bitcoin faces quantum risk: Solana co-founder issues warning appeared on BitcoinEthereumNews.com. Solana co-founder Anatoly Yakovenko has warned that Bitcoin developers must prepare for a potential quantum computing breakthrough that could render the network’s current security measures outdated. Summary At the All-In Summit, Solana co-founder Anatoly Yakovenko reignited debate over Bitcoin’s long-term security. There’s a “50/50” chance that quantum computers could break its cryptographic defenses within five years. Rapid advances in AI show how quickly theory can become reality. The question is not just if Bitcoin must migrate to quantum-safe cryptography—but when. According to Yakovenko, who was speaking at the All-In Summit 2025, there is a “50/50” probability that within five years, quantum computers will be strong enough to crack the cryptographic safeguards protecting Bitcoin wallets. The concern centers on quantum machines running algorithms like Shor’s, which could crack the Elliptic Curve Digital Signature Algorithm currently protecting Bitcoin (BTC) private keys. This would allow attackers to forge transactions and compromise wallets, creating an existential risk for the network. Yakovenko argued that “we should migrate Bitcoin to a quantum-resistant signature scheme” before such technology becomes viable. Skeptics like Blockstream’s Adam Back downplay immediacy of threat The Bitcoin community remains divided on the urgency of quantum threats. Adam Back, CEO of Blockstream, estimated that the technology is still relatively far away and argued that making Bitcoin quantum-ready is “relatively simple.” Bitcoin Core contributor Peter Todd dismissed current quantum computers as non-existent, stating that “demos running toy problems do not count.” Luke Dashjr, another Bitcoin Core contributor, suggested quantum threats pose less immediate danger than spam transactions and developer corruption issues the community currently faces. Bitcoin’s design complicates any quantum upgrade. A migration to post-quantum cryptography would require a hard fork, a highly contentious and technically complex process needing widespread network support. Yakovenko countered skepticism by pointing to quick AI advances as evidence of how…