Galaxy Digital has formally rolled out a “Bitcoin Quantum Readiness Project,” according to Decrypt, putting structure around a growing concern in crypto: the point at which quantum computers could threaten Bitcoin’s current cryptography. The initiative has three parts: research grants of up to $5 million for post-quantum cryptography work, dedicated reports from Galaxy Research, and a quantum advisory council made up of scholars from several top universities. The effort is aimed at the so-called “Q-Day,” the threshold moment when a quantum computer could use Shor’s algorithm to break Bitcoin’s elliptic curve cryptography, forge signatures, and steal assets from wallets. Project Eleven has projected that a quantum computer capable of posing a cryptographic threat could emerge as early as 2030, potentially leaving about 6.9 million BTC exposed. Separately, Coinbase’s quantum advisory council has urged developers to begin migration work immediately. Trump has also signed an executive order setting Dec. 2031 as the deadline for the U.S. federal government to complete its transition to post-quantum cryptography.

Twenty One Capital, the Bitcoin treasury company trading on the New York Stock Exchange under the ticker XXI, has appointed Raphael Zagury as chief executive officer, replacing founder Jack Mallers seven months after the company listed. Mallers said he is stepping down to focus on Strike, his Bitcoin payments company, while reiterating that serving Bitcoin users remains his core mission. The Austin, Texas-based company said it now wants to be judged as an institutional-grade operating business focused on cash flow generation and disciplined capital allocation, rather than only on the size of its Bitcoin holdings. According to Bitcointreasuries.net, Twenty One holds 43,514 BTC worth about $2.8 billion at current prices, making it the second-largest public Bitcoin treasury. The leadership change also comes with a strategic reset: a previously floated April plan to combine Twenty One, Strike, and Elektron Energy into a single Bitcoin-native platform has been abandoned, and the company confirmed that Strike will remain a standalone business.

Hyperscale Data, a bitcoin finance and AI data center company, said it bought about 51.5 BTC in the open market last week through its wholly owned subsidiary Ault Capital Group (ACG), according to PR Newswire. The company said its total bitcoin holdings now stand at 1,087.4527 BTC, with the position valued at about $70.3 million. The update focuses on the company’s latest treasury purchase and its current total BTC holdings. No additional transaction details were disclosed in the brief announcement cited by ChainCatcher.

U.S.-listed Bitcoin mining company Cango said it completed a 10-for-1 share consolidation at 5 p.m. Eastern Time on July 20, 2026. The move covered the company’s authorized, issued and outstanding Class A ordinary shares and Class B ordinary shares. Following the consolidation, Cango’s Class A ordinary shares are set to resume trading on the New York Stock Exchange at the market open on July 21, 2026, under the unchanged ticker symbol CANG. The company said the shares will trade under a new CUSIP number, G1820C 110. After the reverse split, Cango’s total authorized share capital remains unchanged at $100,000, divided into 100 million ordinary shares with a par value of $0.001 per share. That total includes 92.067428 million Class A ordinary shares and 7.932572 million Class B ordinary shares, according to PRNewswire.

STON.fi, a leading AMM protocol on The Open Network, has rolled out cross-chain swaps inside its app, enabling stablecoin transfers across TON, TRON, Ethereum, Base, BNB Chain, Polygon, Avalanche, Arbitrum and Robinhood Chain through a single self-custodial interface. The feature is powered by Omniston, an execution layer developed by STON.fi to coordinate the full swap process between source and destination chains. The company said users no longer need centralized exchanges, bridges or wrapped assets to move funds between major liquidity and application ecosystems. STON.fi said most swaps are completed in 15 to 40 seconds, with the fastest taking 15 seconds. Once a swap is confirmed, Omniston matches the order with independent liquidity providers called resolvers, which deliver assets on the destination chain. The process uses paired hash time-locked contracts, or HTLCs, so both sides of the transaction settle together or the swap does not go through at all. Users can see the expected asset and amount before confirmation, and funds are returned if execution fails. The company framed the launch as a step beyond chain-specific DeFi, saying the product is being built around user intent as stablecoin liquidity, consumer apps and DeFi markets spread across multiple networks.

Galaxy Digital has launched a Bitcoin Quantum Readiness Initiative with up to $5 million in developer grants, a research track, and a new advisory council focused on post-quantum security for the Bitcoin network. The company said the effort is aimed at preparing for the eventual arrival of powerful quantum computers that could break the elliptic curve cryptography used by Bitcoin. Galaxy expects to begin accepting grant applications immediately. The advisory council’s first members are Barry Sanders of the University of Calgary, MIT Sea Grant Knauss Fellow Damien Bérubé, and Boston University computer science professor Eran Tromer. Galaxy founder and CEO Mike Novogratz said the firm wants to be part of the response to any threat quantum computing may pose to Bitcoin. The launch comes as warnings about “Q-Day” intensify. Project Eleven said in May that a cryptographically relevant quantum computer is more likely than not by 2033, possibly as early as 2030, and estimated that about 6.9 million BTC sit in quantum-exposed addresses. In June, Coinbase’s quantum advisory council put the vulnerable supply at around 7 million BTC and urged developers to start migration work. That same month, President Donald Trump signed two executive orders tied to U.S. quantum capabilities and a December 2031 federal deadline for post-quantum cryptography.

Alphabet is set to report its fiscal 2026 second-quarter results after the U.S. market closes on July 22, and Deutsche Bank argues that investors may be watching the wrong metric. While market debate has centered on whether surging AI-related capital spending will weigh on margins, the bank said the more important swing factor is Google Cloud’s revenue trajectory and how quickly that demand turns into profit. In a July 20 note, Deutsche Bank raised its forecast for Google Cloud’s second-quarter revenue growth to 70% from 65% and projected a further acceleration to 75% in the second half of 2026. The bank pointed to tight AI compute supply, a $462 billion cloud backlog at the end of the first quarter of 2026, and price increases from some hyperscale cloud providers. It also argued that consensus estimates may be too low, forecasting Google Cloud revenue of $190 billion to $195 billion in 2027 versus a market view of roughly $142 billion. The report also lifted Alphabet’s capex outlook, estimating about $325 billion in 2027 and $365 billion to $370 billion in 2028, while saying the company still has substantial financing capacity. Deutsche Bank added that search advertising trends remain intact and that Gemini’s delayed launch is a short-term issue rather than a sign of weaker long-term AI competitiveness.

Russia’s State Duma has passed bill No. 1194918-8, titled "Digital Currency and Digital Rights," in its second and third readings on Tuesday, setting out rules for domestic crypto-asset operations and cross-border trade. The bill creates a regulatory framework for market participants including crypto exchanges, brokers, asset management companies, and custodians, while also imposing operating requirements on firms in the sector. It allows crypto assets to be used in foreign trade transactions, but payments for goods and services inside Russia remain prohibited. The main provisions are expected to take effect on Sept. 1, 2026, with a transition period running until July 1, 2027. The bill still requires the signature of President Vladimir Putin before it can become law.