Top 5 Crypto News of the Week! (20 - 26 October)
Dear PointPay Family,
We've passed by another week and it's time to assess where we stand. We looked at a lot of headlines to pick for you the top 5 most interesting and significant news stories in recent days.
Strategy Stock Plunges as Bitcoin Slips Below $105K
Shares of Strategy have fallen sharply alongside Bitcoin’s latest downturn, losing around half of their value since the company’s record high in late 2024. Despite holding over $67 billion in Bitcoin, Strategy’s stock now trades near $284 after a steep 12% drop over the past week.
Once one of the biggest beneficiaries of Bitcoin’s rally, Strategy is now feeling the impact of the crypto market’s cooling sentiment. The company’s Bitcoin reserves have lost more than $10 billion in value in just two weeks, reflecting the growing pressure across the broader digital asset market.
AWS Outage Disrupts Major Crypto Platforms and Wallets
A widespread outage at Amazon Web Services has caused significant disruptions across the crypto sector, leaving users unable to access platforms like Coinbase, Base, and OpenSea for hours. The incident hit East Coast users particularly hard, exposing how deeply the industry relies on centralized cloud infrastructure.
Even decentralized tools weren’t spared. MetaMask users temporarily saw their wallet balances drop to zero due to third-party service outages that blocked blockchain data access. The downtime briefly pushed Ethereum gas fees to rare lows, highlighting how interconnected and vulnerable the crypto ecosystem can be.
New Trezor Designed for a Quantum Future
Trezor has unveiled details behind its newest hardware wallet, the Safe 7, built with future quantum security in mind. While post-quantum cryptographic updates aren’t yet available, the device is designed to support them as global standards evolve.
Each Safe 7 unit features layered defenses that combine proven cryptographic methods with next-generation algorithms like SLH-DSA and ML-DSA. By distributing certificates across multiple chips, Trezor aims to ensure authenticity even if one layer is compromised. The approach positions Safe 7 as a wallet ready to defend digital assets in a post-quantum world.
Hong Kong Approves First Solana Spot ETF
Hong Kong’s financial regulator has given the green light to the region’s first Solana-based spot exchange-traded fund. The ChinaAMC Solana ETF will launch on the Hong Kong Stock Exchange on October 27, expanding the city’s growing lineup of crypto investment products beyond Bitcoin and Ethereum.
Each ETF lot will represent 100 SOL and be available in HKD, RMB, and USD. While the US continues to delay similar approvals due to regulatory gridlock, analysts expect potential Solana ETFs there could attract up to $1.5 billion in their first year.
Google’s Quantum Leap Sparks Fresh Concerns for Bitcoin Security
Google’s new “Willow” processor has achieved a verified quantum speed-up, marking a major milestone in quantum computing and raising fresh security concerns for Bitcoin’s cryptographic foundations. The 105-qubit chip successfully executed a complex algorithm faster than any known supercomputer—a result confirmed through peer-reviewed research in Nature.
Although practical quantum threats remain years away, this development pushes the timeline closer. As processors become more stable and scalable, experts warn that Bitcoin’s current encryption could one day be at risk, intensifying calls for the industry to accelerate post-quantum security measures.
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