Ethereum
Why Ethereum is down 1.7% today
Analysis
Ethereum (ETH) slipped 1.7% over the past 24 hours as attention centered on security and regulatory-related headlines rather than immediate growth catalysts. The Ethereum Foundation’s announcement of a post-quantum security team and a $1 million research prize highlighted longer-term risk mitigation, which can weigh on near-term sentiment by underscoring emerging security concerns.
Contributing Factors (3)
Morning Minute: Ethereum Prepares for the Quantum Era
The Ethereum Foundation is starting to prepare one of the biggest risks facing the crypto industry: quantum computing.
Ethereum Foundation forms post-quantum security team, adds $1 million research prize
The Foundation announced a $1 million Poseidon Prize to harden a key cryptographic function, adding to the $1 million Proximity Prize announced last year.
Ethereum Foundation Forms Post-Quantum Team as Security Concerns Mount
Ethereum researcher Justin Drake said the ecosystem is moving from research to execution as the threat from quantum computing draws closer.
Move Details
Explanation Confidence
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