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Quantum computing could expose $3T in digital assets and banking systems to risk by 2033, warns Project Eleven report.

Market News
09 May 2026
Coindesk
View Source
Bearish
Quantum computing could expose $3T in digital assets and banking systems to risk by 2033, warns Project Eleven report.

A new 110-page report by Project Eleven warns that quantum computers could break the cryptography securing over $3 trillion in digital assets, including Bitcoin and Ethereum, by as early as 2030 and no later than 2033. This threat extends beyond cryptocurrencies to banking systems, cloud infrastructure, and military communications. Migrating to post-quantum cryptography is complex, requiring coordinated action across users, exchanges, and institutions, and could take a decade or more. The report highlights the urgency and coordination challenges, especially for Bitcoin, whose upgrades historically move slowly and involve political debates.

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American Eagle Outfitters beats Q2 earnings estimates with strong Aerie brand growth.

American Eagle Outfitters beats Q2 earnings estimates with strong Aerie brand growth.

American Eagle Outfitters reported strong Q2 results with earnings per share of $0.79, far exceeding the $0.22 estimate, and revenue of $1.38 billion, slightly above expectations. The growth was driven by a 25% revenue increase from its Aerie and OFF...

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AeroVironment beats EPS expectations but misses revenue estimates amid stock decline.

AeroVironment beats EPS expectations but misses revenue estimates amid stock decline.

AeroVironment reported a strong quarterly earnings per share (EPS) of $0.59, well above analyst expectations of $0.22, showing solid profitability. However, its revenue of $329.06 million fell short of the estimated $451.95 million, reflecting mixed ...

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Picard Medical faces lawsuit over alleged stock fraud and insider misconduct.

Picard Medical faces lawsuit over alleged stock fraud and insider misconduct.

Kuehn Law is investigating Picard Medical Inc. for possible breaches of fiduciary duty by its officers and directors. The lawsuit alleges that insiders engaged in a fraudulent stock promotion scheme using social media misinformation and fake financia...

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Caleres beats EPS estimates with $0.47 but misses revenue targets in Q3 2026.

Caleres beats EPS estimates with $0.47 but misses revenue targets in Q3 2026.

Caleres reported a strong Q3 2026 earnings per share (EPS) of $0.47, surpassing analyst expectations by 27%, signaling improved profitability. However, its revenue of $695.45 million slightly missed estimates despite a 5.6% year-over-year increase, d...

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Listen Labs cancels $125M funding round amid $2B Salesforce acquisition talks

Listen Labs cancels $125M funding round amid $2B Salesforce acquisition talks

Listen Labs, a startup using voice AI for customer interviews, walked away from a signed $125 million Series C funding round led by Menlo Ventures. The funding likely fell through due to ongoing acquisition talks with Salesforce, which is considering...

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