Cardano Founder Charles Hoskinson Slams Blockstream Quantum Strategy
CoinCentral·60-word summary·1 min read
Cardano founder Charles Hoskinson criticized Blockstream’s conservative quantum upgrade strategy for Bitcoin, mocking their hash-based signature proposal. At the OPNEXT 2026 conference, Jonas Nick introduced SHRINCS and SHRIMPS as practical post-quantum solutions. Developers estimate that approximately 1.7 million BTC in early wallets could be vulnerable to quantum attacks. Hoskinson emphasized his stance with the phrase “Never Change Bitcoin.”
A $138 million Bitcoin investment by Morgan Stanley into its Bitcoin-tracking fund has sparked a rally, pushing Bitcoin above $80,000. The move signals increased institutional trust and a shift toward on-chain finance, with the fund attracting over $100 million in its first week. Despite past volatility, traders remain optimistic about Bitcoin’s potential for new highs amid broader institutional adoption.
Keel, formerly Bitfarms, and Hive have shifted focus from Bitcoin mining to AI, with Hive raising $115 million and Keel selling a mining facility. The moves reflect a broader industry trend as companies pivot toward artificial intelligence opportunities amid changing market dynamics. The developments occurred in April 2026, highlighting a strategic industry transition.
American Bitcoin shares rose 12% to $1.38 after the company deployed nearly 11,300 new mining rigs at its Alberta facility, increasing its total fleet to approximately 89,242 ASIC machines. The expansion added 3.05 exahash to its mining capacity, reflecting a significant boost in its Bitcoin mining operations announced in April 2026.
Ethereum’s staking ratio reached a record 32.33%, reducing liquid supply and decreasing sell pressure. Despite this, Ethereum risks a 10% decline against Bitcoin, according to recent analysis. The shrinking liquid supply may support ETH price recovery, but the potential decline highlights ongoing market volatility between the two cryptocurrencies as of April 2026.
American Bitcoin announced energizing over 11,298 Bitcoin miners at its Drumheller site, boosting its mining capacity. The development comes amid rising Bitcoin demand and contributes to the company's growth. The news highlights the ongoing expansion in Bitcoin mining infrastructure, which could influence Bitcoin's supply and market dynamics in the coming months.
Bitcoin has broken its six-month slump following Strategy's STRC ex-dividend date, driven by a short squeeze and steady U.S. demand. The cryptocurrency's recent rally indicates increased buying interest, helping it recover from previous declines. The move highlights ongoing investor confidence in Bitcoin amid broader market activity, with no specific price or amount mentioned in the report.
