NFT On-Chain Funds Rebound: Ethereum Ecosystem Trading Activity Rapidly Heats Up The on-chain NFT market on Ethereum has significantly warmed up in the past 24 hours, with total trading volume reaching $3.93M, a 72.78% increase within the day, and fund activity has notably intensified. Among them: Bored Ape Yacht Club (BAYC) trading volume exceeded $1.45 million, skyrocketing 266.35% within the day Countyard trading volume is about $980k, up 88.1% From a longer-term perspective, the total trading volume of Ethereum NFTs has surpassed $55 million, clearly higher than the approximately $980k in March, showing a continuous warming trend. The market is not just about price changes, but also about the flow of capital sentiment. When activity reactivates after a period of silence, it often indicates that a new cycle is forming. 🚀

⚠️A risk overlooked by many, but truly a “long-term” concern: quantum computing Latest research reveals 👇 👉 Quantum computers currently cannot break the Bitcoin network itself (mining and the blockchain remain secure) 👉 But they may crack the wallet’s elliptic curve cryptography (ECC) in the future Simply put: 👉 The chain is secure, but the “keys” may not be 🔑 📊 How big is the risk? 👉 About 6.9 million BTC are at potential exposure risk 👉 This includes roughly 1 million early holdings of Satoshi Nakamoto 👉 And some historical addresses, as well as assets that expose public keys after upgrades 💡 The current industry response is clearly splitting into two camps: 👉 Ethereum: • Has already launched a “quantum-resistant migration plan” • Multiple teams are pushing forward + there’s a dedicated progress framework 👉 Bitcoin: • No unified upgrade roadmap yet • Proposals like BIP-360 have not yet reached consensus 🧠 The core viewpoints of the two factions are also quite interesting: • Nic Carter: bluntly says BTC is “the worst prepared” in this regard • Adam Back: believes the quantum threat is still in the experimental stage, but preparation needs to happen in advance 📈 A positive angle (don’t ignore it): • Spotting the issue early gives time to upgrade systems 🛠️ • Drives the evolution of cryptographic algorithms (quantum-resistant cryptography) • Improves industry security awareness • In the long run, helps the technology mature ⚠️ The real difficulty is right here: • Bitcoin decentralized governance → extremely difficult to upgrade ⚠️ • Handling historical addresses (such as Satoshi Nakamoto’s holdings) is highly controversial • If quantum attacks suddenly mature, the reaction window could be very short • Technical problems ultimately become a “consensus problem” 💡 The most critical point many people don’t realize: 👉 This is not a question of “whether it can be solved,” but whether “a unified upgrade can happen in time.” 📌 My conclusion is direct: Short term: Quantum computing has almost zero impact on the crypto market Long term: This is a variable that could determine the life-or-death of crypto assets 📌 One-sentence summary: Quantum computing isn’t a near-term negative, but it could be the biggest black swan in the future—technology can be upgraded, but consensus is the real challenge for Bitcoin ⚖️

April 25th Technical Analysis: BTC, ETH Weekend Highlights, Will There Be a Crash Next Week?