📝 What you need to know
Ethereum Foundation researcher Justin Drake has long warned that quantum computers could crack crypto’s cryptography. Now he thinks AI could get there first. On Wednesday, Drake urged the industry to “calmly begin planning for ‘bunker mode.’” He warned that, in the worst case, AI-driven math could break ECDSA, the signature scheme behind Bitcoin and Ethereum, “in months not years.” His advice is to gradually move funds to fresh addresses whose public keys have never been exposed.
Vitalik Buterin took the threat seriously—but urged calm. “I don’t recommend anyone scramble to move their funds to new wallets today,” the Ethereum co-founder said. His bigger worry is lattices, the math behind several leading post-quantum schemes. He noted that moving funds carries its own risks, adding the caveat that, “I personally have lost more money in botched migrations than I have lost in all hacks combined.”
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📰 In the News
| Bitcoin (BTC) | October 8, 2026 |
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📊 Myriad Insight of the Day
| Myriad prediction market | October 8, 2026 |
| Ethereum's next move: Pump to $3,000 or dump to $1,500? | | Resolves when ETH closes a 1-minute candle at either target |
| Why it matters | | Ether's sell-off doesn't faze these traders. Despite a 5.3% drop to $2,433 by midday Thursday, they still give the pump to $3,000 66% odds, up from 62% in mid-September. The math still favors bulls: $3,000 is 23% away, while $1,500 would take a 38% plunge. But headwinds are building, with U.S. spot Ethereum ETFs shedding $506 million in five days, according to The Crypto Times. | | Related: Bitcoin dips below $83K as oil shock rattles markets |
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