Ethereum Prepares For Quantum Era With New Security Team And Funding
Authored by Amin Haqshanas via CoinTelegraph.com,
The Ethereum Foundation has made post-quantum security a central focus of the network’s long-term roadmap, announcing the formation of a dedicated Post Quantum (PQ) team.
The new team will be led by Thomas Coratger, a cryptographic engineer at the Ethereum Foundation, with support from Emile, a cryptographer closely associated with leanVM, according to crypto researcher Justin Drake.
“After years of quiet R&D, EF management has officially declared PQ security a top strategic priority,” Drake said in a Saturday post on X. “It's now 2026, timelines are accelerating. Time to go full PQ.”
The researcher described leanVM, a specialized, minimalist zero-knowledge proof virtual machine (zkVM), as a potential building block of Ethereum’s post-quantum strategy.
EF backs post-quantum push with developer sessions, funding
Drake outlined several near-term steps aimed at preparing the ecosystem. A biweekly developer session focused on post-quantum transactions is set to begin next month, led by Ethereum researcher Antonio Sanso. The sessions will concentrate on user-facing protections, including protocol-level cryptographic tools, account abstraction pathways and longer-term work on aggregating transaction signatures using leanVM.
The Ethereum Foundation is also backing its push with new funding. Drake announced a $1 million Poseidon Prize to strengthen the Poseidon hash function, alongside another $1 million initiative known as the Proximity Prize, both aimed at advancing post-quantum cryptography.
Ethereum prepares for quantum era. Source: Justin Drake
On the engineering front, Drake said multi-client post-quantum consensus development networks are already live, with multiple teams participating and coordinating through weekly interoperability calls.
Furthermore, the foundation will host a dedicated post-quantum event in October, followed by a post-quantum day in late March ahead of EthCC. Educational efforts, including video content and materials aimed at enterprises, are also underway.
Coinbase forms board to assess quantum risks
The announcement comes amid growing sensitivity in crypto markets to quantum risk. On Wednesday, Coinbase revealed that it has established an independent advisory board to evaluate how advances in quantum computing could impact the cryptography securing major blockchain networks, including Bitcoin and Ethereum.
The board brings together experts from academia and industry in quantum computing, cryptography, and blockchain security, and will publish public research and guidance for developers, organizations, and users. Its first position paper is expected in early 2027.
Tyler Durden
Mon, 01/26/2026 - 03:30
JD Vance Notes Something Very Important About Minneapolis Chaos
Authored by 'sundance' via The Last Refuge,
Last week CPB commander Greg Bovino was asked what makes Minneapolis different from other cities where ICE enforcement operations have taken place. Bovino noted in the Minneapolis region there is no separation between the extremists on the ground and the people in local government.
Today, Vice President JD Vance concurs and expands on that sentiment:
[Source]
What Vice-President Vance says here is very important.
The regional government is a stakeholder in maintaining the chaos on the streets.
Why?
Because for two decades a cancer of rampant financial fraud has been permitted to spread throughout the Minneapolis region and has now reached the stage of visible metastasis.
Shortly after the George Floyd shooting, some of us started looking into a background issue where it seemed like local police and Floyd had a knowledgeable relationship with each other prior to the encounter on the street. The initial contact between Floyd and police was about Floyd passing off a counterfeit $20 bill to a business that was not part of the approved money laundering operation.
When you follow that trail, you end up in a really weird place where it seemed like millions of counterfeit dollars were entering the country through Mexico, going by rail into the U.S. mainland and then transitioning through the Minneapolis region. I stopped researching it {SEE HERE} when I discovered that Floyd and police officer Chauvin were friends, and worked together at one of the laundry businesses; a nightclub.
The corrupt activity in the Minneapolis area has been going on for around two decades. There are two basic components, local financial fraud and govt financial fraud.
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The local fraud represented millions and involved counterfeit goods/money and laundering operations.
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The government assisted financial fraud represents billions and involves abuses of federal tax monies.
After 20 years of this activity almost all elements of the economic and social structure are now compromised. As we have seen in the last several weeks, the HHS/CMS fraud is extensive and that illegal activity is impossible to exist without the knowledge, aid and assistance of the regional and municipal government officials.
Fraudulent day cares, fraudulent healthcare services, fraudulent transport companies, fraudulent “Health Outreach Workers” and various governmental offices all involved in bilking taxpayers for billions upon billions. At the same time there is a massive money laundering operation in the underground economy.
After two decades of this unchecked corruption, there’s no way to guess how much of the regional economic activity is actually dependent on the financial fraud. My best estimate is that over fifty percent of all economic activity -in the entire region- is based on fraud.
The Immigration and Customs Enforcement actions are the surface level issue for the regional and state government. However, it is the widespread financial fraud that turns the activity of the leftist agitators on the street into a useful tool for the regional officials to manipulate in order to hide the true financial fraud that surrounds the area.
The “local authorities” are working with the “far left agitators” because the Minneapolis region is a network of codependent fraud.
The police are compromised. The judges and courts are compromised. The local municipal officials are compromised. The mayor’s office is compromised, and the corruption issue spreads out to the state level when Governor Tim Walz previously shut down audits of the financial crimes and then state officials ignored whistleblowers.
All of the private and public institutions -within the system of regional and state government- are connected to a statewide network of financial fraud, from counterfeit money laundering to exploitation of federal government benefits; it is all connected to the same network of fraud.
It was the ease and ability to conduct fraud that attracted the Somali migrants and the criminal aliens. These people came for the money. ICE coming to arrest the aliens has put a spotlight on the reason why they aggregated in the Minneapolis region.
How this can be corrected is anyone’s guess.
Follow the money trail and you will discover this real reason for the state and local officials to support the anarchy in the streets. They all want the federal government to leave.
Arrest Records Here...
Tyler Durden
Sun, 01/25/2026 - 22:10
Centrus To Invest $560 Million for High-Rate Manufacturing Plan
Centrus Energy, which has long been one of our favorite stocks throughout 2025 and into 2026, is redirecting over 60% of the $900 million Department of Energy (DOE) funding award back into the economy to secure the US domestic nuclear fuel chain.
Centrus will invest $560 million into their Oak Ridge, Tennessee, centrifuge production facility to convert it to a high-rate manufacturing plant with the goal of quickly addressing the lack of domestic enrichment and get new centrifuge cascades online before 2029. The investment is expected to create over 400 jobs in Oak Ridge, and is likely only the first of many announcements.
Centrus centrifuges
Centrus has long differentiated itself from its competition in the uranium enrichment business by highlighting their all-American supply chain and production facility, which also enables them to produce the high-demand unobligated enriched uranium. This is often compared to the commercial-scale competition from Urenco, which has been operating for years out of New Mexico. Urenco uses European centrifuge technology developed by a consortium of the UK and Dutch governments, along with German utility companies.
The US still remains incapable of supporting even its current domestic commercial nuclear fleet, requiring imports of over 99% of raw uranium ore (U3O8) and about 75% of enrichment services.
Relying heavily on countries like Canada and Kazakhstan for U3O8, and a combination of Russia and Europe for enrichment services, this has led to the current table-pounding by Secretary Wright and President Trump to reinvigorate the nuclear fuel chain at every stage. The recent $2.7 billion enrichment award from the DOE is a major part of this effort.
As also noted by Goldman Sachs, the tightening of supply from Russia for U3O8 and conversion/enrichment services has sent prices almost straight up over the past few years since the start of the Ukraine-Russia war.
The other two awardees of the recent enrichment contract, General Matter and Orano, have yet to provide explicit details as to where the $900 million will be spent.
Like USAR, which we learned had received a massive $1+ billion investment from the US government, Centrus (ticker LEU) is one of the most shorted names in the market, with 25% of its float shorted...
... and we expect to see a major squeeze when it opens for trading tomorrow, especially since it is one of the most popular retail-held stocks according to JPMorgan; in fact just on Friday we listed it as one of the 20 most likely stocks according to JPM to rip in a major short squeeze.
Tyler Durden
Sun, 01/25/2026 - 21:35
Peter Schiff: Printing Money Is Not the Cure for Cononavirus
In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.
Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.
All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.”
Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs.
In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.”
In the midst of all this, Peter raises a really good question.
The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down.
Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.”
Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy.
In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.”
Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up.
The economy is strong, print money. The economy is weak, print even more money.”
Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies.
Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.”
Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.
We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are.
We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession."
Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated.
The difference is this time it's not going to work."
It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing!
Dump the U.S. dollar while you still have a chance.
Welcome to The Atlantis Report.
And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday.
That's $160.8 billion in two days!!!! in just 48 hours.
That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month)
Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month
! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first
. The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before.
Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option).
Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008.
The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down.
everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years
This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk.
With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom?
If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either.
Accounts settle overnight. This includes things like payrolls and bill pay settlements.
If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on.
First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out.
But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly.
This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change.
Fiat currency is not just thievery. Fiat currency is SLAVERY.
Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery.
The bankers have a charter, or the legal *right*, to create money out of nothing.
You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality.
You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you.
And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to.
Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground.
The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now.
In conclusion,
The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't.
You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money.
It would appear that trust is deteriorating as it did when Lehman blew up .
Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and
Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
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