Odaily Planet Daily reports that Shaw, in an article on the X platform, stated that there is a huge gap between the actual progress of quantum computing and media hype and public perception. Despite progress in the field, quantum computers will not achieve their claimed capabilities within the next 40 to 50 years. For hash functions like SHA-256, even with the most ideal Grover algorithm, the search space can only be reduced from 2 to the power of 256 to 2 to the power of 128, which is still physically unbreakable. Shaw points out that even the most advanced quantum computers cannot factor the number 21 into 3 and 7 without knowing the outcome. To crack Bitcoin, a quantum computer would have to repeatedly compute on the real-time network within minutes, a leap far exceeding the advancement from computers in the 1950s to modern server clusters. Modern cryptography was designed with future computing power growth in mind. Currently, the fears or hype surrounding quantum computing lack factual basis.

In the past hour, total liquidations across the network reached $42.27 million, with $39.37 million from long positions, with $2.90 million from short positions. BTC liquidation $11.29 million, ETH liquidation $4.18 million.

Huoxun Finance News, December 31st - According to the South China Morning Post, Chinese artificial intelligence company ZhipuAI has launched its Hong Kong IPO, planning to raise HK$4.35 billion (approximately US$560 million), becoming the first listed large language model (LLM) developer in Hong Kong. The offering price is set at HK$116.2 per share, with listing expected on January 8th, valuing the company at approximately HK$51.16 billion. ZhipuAI previously completed a financing round of over RMB 8.3 billion, with investors including Meituan, Alibaba, Tencent, and Xiaomi.

Huoxun Finance News, December 31st - According to MLM, JumpCrypto will provide market-making services on the Lighter exchange starting in mid-November 2025, and will receive an airdrop of 9,284,890 $LIT (approximately US$24.2 million), representing about 0.93% of the total LIT supply and about 3.72% of the circulating supply. Of these, 324,000 LIT were distributed to newly created wallets, presumably as direct rewards for market-making activities.

According to Huoxun Finance, on December 31st, US stocks opened with the Dow Jones Industrial Average up 0.01%, the S&P 500 up 0.04%, and the Nasdaq Composite up 0.01%. Trump Media Technology Group (DJT.O) rose 2.6% after announcing plans to distribute digital tokens to shareholders.