Bitcoin's recent price drop has led to unprecedented redemptions from BlackRock's Bitcoin ETF, highlighting investor concerns. Meanwhile, Ethereum co-founder Vitalik Buterin has issued a warning about the potential threat of quantum computing to Ethereum's elliptic curve cryptography by 2028, advocating for a shift to quantum-resistant systems. Additionally, the U.S. Treasury's TGA account experienced a notable drawdown, suggesting possible improvements in market liquidity. In related news, a significant Ethereum-backed fund spearheaded by Huobi founder Li Lin has been suspended.