Daily Crypto Roundup: BitMart Shuts Down, SHIB Surges 36% & Bitcoin’s Quantum Threat

BitMart is shutting down after nine years, sending its BMX exchange token crashing by almost 60% as customers are urged to withdraw their funds before the platform closes completely.

Meanwhile, Shiba Inu has suddenly surged by around 36%, adding close to $1 billion to its market value. There was no major announcement behind the move, but heavy trading activity from South Korean investors appears to have helped drive the mysterious rally.

Finally, Charles Hoskinson has claimed that quantum computing could eventually threaten Bitcoin’s position as the world’s largest cryptocurrency if the network cannot coordinate a major security upgrade.

Could Bitcoin’s slow and cautious governance eventually become a weakness, or is its resistance to rapid change still one of its greatest strengths?