Odaily Planet Daily reports that security company Project Eleven has launched a post-quantum proof technology designed to help users prove ownership of their Bitcoin wallets after a quantum computer can derive the private key and generate a valid signature. Project Eleven CEO Alex Pruden stated that the technology uses wallet key derivation paths, allowing users to prove control without disclosing the parent key, thus distinguishing legitimate owners from attackers. This solution was developed in collaboration with Jim Posen, the main maintainer of the open-source Binius zero-knowledge proof system, and is based on the "signature boosting" technique proposed by Alon Sattath and Robert Wyborski. Project Eleven stated that the prototype has not yet been audited and requires blockchain protocol support before deployment, primarily targeting users who will miss the opportunity to migrate to quantum-resistant addresses in the future.

Odaily Planet Daily reports that crypto payment company BitPay has announced it has received approval from the Dutch Financial Markets Authority (MFMA) to obtain a crypto asset service provider license, allowing it to operate within the regulatory framework of the crypto asset market in EU member states. BitPay stated that this license will support the company's expansion of crypto payments and stablecoin payments services in Europe. According to relevant requirements, all entities providing crypto-related services must be subject to regulation from July 1st. Jonathan Arler, BitPay's head of Europe, stated that Europe is one of the most important regions for the future development of payments. Previously, Ripple announced it had received a crypto asset service provider license from the Luxembourg financial regulator.

In the past hour, total liquidations across the network reached $14.30 million, with $11.70 million from long positions, with $2.60 million from short positions. BTC liquidation $2.29 million, ETH liquidation $3.19 million.

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Odaily Planet Daily reports that cryptocurrency exchange Crypto.com has secured $400 million in investment from Citadel Securities, valuing the company at $20 billion. This is Crypto.com's first institutional funding round since its founding in 2016. Crypto.com stated that it will use the funds to expand its business in tokenized securities, derivatives, and other asset classes.