Bitcoin (BTC) traded close to $109,400 on Friday, marking a 1% increase, though market sentiment remains cautious. Concerns about the long-term security of cryptocurrencies have been heightened by HSBC's testing of quantum computing for bond trading. In a significant development, Kraken has reportedly raised $500 million at a $15 billion valuation, reflecting growing institutional interest in regulated crypto platforms. Additionally, BlackRock is preparing to launch a Bitcoin Premium Income ETF, potentially broadening Bitcoin's appeal to income-focused investors. Despite these developments, technical indicators suggest bearish control, with key support identified at $107,300. In related news, Bitcoin Hyper (HYPER) is working on a Bitcoin-native Layer 2 solution utilizing Solana’s SVM technology.