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Thursday, 27 August 2026 · No. 147

StarkWare mines first quantum-safe Bitcoin transaction via MARA Slipstream

Lead story · bitcoin — StarkWare tests quantum-resistant Bitcoin transaction on mainnet (Cointelegraph)

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The Lead

StarkWare mined the first quantum-safe Bitcoin transaction on mainnet yesterday using Avihu Levy’s signature-grinding method. The construction moves coins into hash-based outputs that resist quantum forgery without altering consensus rules, yet it costs hundreds of dollars and requires direct miner submission via MARA Slipstream because standard nodes reject the nonstandard script.[1]

Network hashrate sits near 889 EH/s after a 1.31 percent difficulty cut to 125.81T, with the next retarget likely another modest decline. Price holds around $78,800 amid MVRV at 1.49 and Fear & Greed near 71, while exchange flows mix modest outflows with occasional whale inflows. The tension is whether this technical milestone distracts from fading miner commitment and thin spot demand that still relies on derivatives momentum. No clean path exists from one experimental transaction to broad protocol resilience at current costs and relay policies.

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How this call played outPARTIAL

The past outlook expected the milestone to distract from weak fundamentals, yet BTC rose 1.1% with Fear & Greed climbing from 71 to 73, showing modest spot-driven follow-through rather than derivative-only momentum. Key developments were the absence of any large sell-off despite the experimental transaction and a slight uptick in risk appetite. The narrative correctly flagged the lack of broad protocol adoption, but the price action did not yet confirm fading miner commitment.

Lesson: Single-day price moves can mask structural weakness—always separate short-term sentiment from longer-term adoption signals.

The Fear & Greed index over 90 days: 65, greed.
The Fear & Greed index over 90 days: 65, greed.
Sentiment is at the edge of its own three-month range — the readings that historically precede a turn, not a continuation.

Quantum resistance now exists for those willing to pay the premium and bypass the public mempool.

Thursday · The wall

$8.4tn of sovereign debt matures in 2026.

That is 20% of $42.3tn outstanding across the US, UK and Japan — all of it to be refinanced at whatever the market charges on the day, not at the coupon it was issued with.

MATURING 2026
$8.4tn
MATURING 2027
$5.3tn
TOTAL OUTSTANDING
$42.3tn
SHARE THIS YEAR
20%

Data as of 2026-08-25 · Maturity Wall → · Free with an account

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The Wire

Sources (19)

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