THE PRIVACY CABAL HAS GONE ALL IN ON QUANTUM

Summary from the TLDR Crypto newsletter

Quantus, launched September 9, is a proof-of-work chain that mirrors Bitcoin's 21-million-coin monetary policy while replacing ECDSA with ML-DSA lattice-based signatures (NIST FIPS 204) and adding Zcash-style shielded addresses. The project raised $2.42 million across two rounds at a $100 million valuation, with Balaji leading the second round and Naval Ravikant's fund and AngelList co-founder Babak Nivi also participating. The quantum risk thesis has grown specific: Google reduced the Bitcoin elliptic curve attack to under 1,200 logical qubits in March, NIST will deprecate elliptic curve signatures after 2030, and 6.04 million BTC (~30% of supply) sit in addresses with already-exposed public keys that BIP-360 cannot protect without a coin migration. The circulating market cap is about $2 million against a $1.26 billion FDV, with 73% of coins not yet mined and 26% locked by contract until September 2027.