Crypto firm FalconX cuts 10% of its workforce to weather the crypto market downturn, and has withdrawn its license application in Singapore.

Former hedge fund manager and CNBC host Jim Cramer said he plans to sell all his Bitcoin holdings over concerns that quantum computing could threaten BTC’s security. His comments stemmed from an interview with IBM Chairman and CEO Arvind Krishna, who warned investors to watch for quantum computing’s challenge to modern cryptography in the next 3 to 4 years. Cramer believes quantum computing could pose a threat to the Bitcoin network around the same timeframe. However, no independent confirmation has been made of how much BTC Cramer holds, or whether he has already completed the sale. Following his remarks, Bitcoin continued trading normally near $63,764, with some market participants once again viewing his comments as a "reverse Cramer" signal. Bitcoin uses the ECDSA signature scheme based on the secp256k1 curve; in theory, a sufficiently powerful quantum computer could use Shor’s algorithm to derive private keys from public keys. The risk is concentrated primarily on addresses with exposed public keys, including reused addresses, early wallet formats, and the short time window after a transaction is broadcast before confirmation. Researchers estimate that roughly 6 million to 7 million BTC, or about 30% of the total supply, fall into this category. Google Quantum AI estimated in March this year that cracking the relevant cryptographic mechanisms could require fewer than 500,000 physical qubits, a roughly 20-fold reduction from prior projections. However, current quantum systems typically only have hundreds to thousands of physical qubits, with far fewer logical qubits that offer higher reliability. Most researchers expect that a quantum computer capable of breaking cryptographic codes will likely not emerge until the 2030s or even the 2040s, making Cramer’s 3-year timeline far earlier than most technical projections.

James Wynn(@JamesWynnReal) has been liquidated 4 times in just 12 hours. His #SP500 short has now been liquidated 26 times and still holds a short position of 28.88 xyz:SP500 ($219.5K). New liquidation price: $7,619.84

Tom Lee(@fundstrat)'s #Bitmine staked another 150,120 $ETH($278M) 3 hours ago. In total, #Bitmine has staked 5,067,309 $ETH($9.38B), 87.4% of its total holdings.

Palantir announced Q2 revenue of $1.93 billion, beating the market expectation of $1.805 billion and rising from $1.003 billion in the year-ago quarter. The company also raised its full-year revenue guidance to $8.15–$8.16 billion, up from the prior forecast of $7.65–$7.66 billion. Driven by strong demand for AI software, Palantir’s shares surged 14% in after-hours trading, per market data from BIT (bit.com).

According to data from Bitget, South Korea’s KOSPI index fell by more than 2% after earlier surging over 2%. Samsung Electronics declined more than 3%, while SK Hynix dropped over 4%.

According to Lookonchain monitoring, James Wynn has been liquidated four times in the past 12 hours. His total liquidations on S&P 500 index short positions have hit 26 times, and he currently holds 28.88 SP500 short contracts valued at approximately $219,500. The latest liquidation price is $7,619.84.