Trump's Board of Peace Explores Dollar-Backed Stablecoin for Gaza Economic Reconstruction

U.S. Defense Secretary Hegseth: The world should be prepared for an escalation of the situation in the Strait of Hormuz

Gate News reports that on March 31, the U.S. Secretary of Defense, Lloyd J. Austin, recently issued a statement regarding the situation in the Strait of Hormuz, warning the world to be prepared for potential escalation. The Strait of Hormuz is a narrow waterway connecting the Persian Gulf and the Gulf of Oman. Approximately one-third of the world's seaborne oil shipments pass through this channel. The geopolitical tensions in this region have long had a significant impact on global energy markets and financial markets.

Google Quantum AI Warns Crypto Wallet Encryption May Be Easier to Break Than Expected

Google Quantum AI warns that 256-bit elliptic curve cryptography could be compromised in minutes with under 500,000 qubits, urging the crypto industry to swiftly adopt post-quantum cryptography to enhance security.

Changpeng Zhao: Crypto can be upgraded to post-quantum algorithms to address the impact of quantum computing

Changpeng Zhao posted on X that upgrading cryptocurrencies to quantum-resistant algorithms can address the impact of quantum computing and that there is no need to panic. However, implementing this in a decentralized environment is difficult and could lead to disputes and forks. If Satoshi’s Bitcoin has not been moved, related addresses should be locked or destroyed to prevent hackers. Cryptocurrencies will continue to exist in the quantum age.

U.S. lawmakers bring up another major bill: “de-Sinofication” of the mining industry, and Bitcoin reserves included in the law

U.S. Senators Bill Cassidy and Cynthia Lummis introduced a new “American Mining Act,” aimed at promoting domestic Bitcoin mining, reducing reliance on Chinese equipment, and incorporating a Bitcoin strategic reserve into the legal framework. The bill establishes a mine certification system, encourages local equipment manufacturing, and emphasizes the role of encrypted mining infrastructure. As competition in science and technology between the U.S. and China intensifies, mining has become a new focus, and the U.S. is accelerating regulation of relevant Chinese companies.

Wintermute: Energy is building in the crypto market, but the direction is unclear—there may be a sudden surge in trading activity.

Wintermute says the easing window for the situation is coming to an end. The cap on risk assets is lower than before, making it difficult for Bitcoin to stay above $700,000. If diplomatic progress goes smoothly and oil prices pull back, Bitcoin could rebound to $70,000–$74,000; if conditions deteriorate, it could fall to $60,000, or even to $50,000–$55,000. The extent of market volatility may exceed current pricing.

Musk Comments on Google’s Quantum Paper: Forget Your Wallet Password—In the Future, It May Be Recoverable via Quantum Computing

Gate News message, March 31: After Elon Musk on the X platform reposted discussions related to Google’s quantum security white paper, he commented: “On the bright side, if you forget your wallet password, maybe in the future you can still get it back.” This remark sparked interest in the crypto community, and advances in quantum computing technology may bring new changes to the field of cryptography.