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Crypto
Cardano posts top weekly gain among top 100 crypto assets as whale buying and development progress draw focus
Cardano has risen 25.03 percent over the past seven days, the biggest weekly gain among the top 100 cryptocurrencies by market value. ADA briefly climbed to $0.1956 on Aug. 4, according to The Crypto Basic. Santiment highlighted a drop in wallets with balances, while saying large investors increased accumulation. Whale wallets bought 240 million ADA in five days, lifting holdings to 14.5 billion ADA. Santiment also cited progress in testnet and scaling work.
Crypto
Algorand Foundation unveils post-quantum migration roadmap, targets end-2027
Algorand plans to introduce quantum-resistant cryptography across its blockchain by the end of 2027. The Algorand Foundation unveiled a migration roadmap covering user accounts, wallets, institutional custody systems and core network infrastructure. It plans Falcon-based post-quantum accounts and hybrid accounts combining existing cryptography with quantum-resistant signatures, alongside changes to multisignature wallets and validator-related randomness. Chief Technology Officer Bruno Martins said the first milestone begins in 2026, with broad deployment targeted by end-2027.
Crypto
Coinbase urges crypto industry to prepare for quantum computing threat in first position paper
Coinbase has issued its first official position paper urging the cryptocurrency industry to take early action against threats posed by quantum computing. Its independent advisory board warned that while digital assets are safe today, quantum computers capable of breaking blockchain cryptography will eventually emerge. The board identified wallet-level signatures as the biggest weak point, citing migration costs and coordination challenges, and flagged risks from lost keys and inactive wallets that may not upgrade.
