Washington has ordered federal agencies to begin a dated transition toward post-quantum cryptography. Bitcoin received no order and activated no upgrade—but the government’s new deadlines sharpen the question developers eventually have to answer: how does a decentralized monetary network replace vulnerable signatures before the threat becomes urgent?

Also in today’s episode: Monday’s $68.3 million ETF outflow concealed a major rotation between issuers, roughly $10.5 billion of Bitcoin options approaches Friday’s quarterly expiry, Hut 8 reaches a proposed investor settlement, and the next mining-difficulty estimate moves higher.

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