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More →Google's quantum breakthrough raises new concerns about crypto security
Bitcoin.com news: Google announced that its quantum computing team has achieved a breakthrough in "magic state cultivation." CEO Sundar Pichai said the technology reduced error rates by 40 times on its Willow quantum computer and achieved 99.99% logical fidelity. This progress has raised concerns about the future security of crypto assets such as Bitcoin and Ethereum, because many major cryptocurrencies use elliptic curve cryptography to secure transactions and verify digital signatures. Although this breakthrough does not mean that current cryptocurrencies face an immediate threat, it makes the process of creating a quantum computer capable of cracking cryptocurrencies simpler.
Bitcoin's market cap dominance stands at 59.35%.
According to Bijie.com data: Under Bijie.com's unified market methodology, Bitcoin's market capitalization accounts for 59.35% of the total cryptocurrency market capitalization.
Crude oil prices break above $110 for the first time as supply risks intensify.
Bitcoin World news, Bloomberg reported that Brent crude oil prices broke through $110 per barrel for the first time, hitting a new high since May, as the prospect of supply easing gradually weakened, prompting traders to increase bullish bets before the weekend.
U.S. crude oil futures settled at $101.41 a barrel, up $3.44, or 3.51%.
According to Bijie News, U.S. crude oil futures settled at $101.41 per barrel, up $3.44, or 3.51%.
Stablecoin remittances show an 84% cost gap, but payment reliability varies.
CoinWorld data: The cost of stablecoin remittances shows a gap of about 84% compared with traditional transfers. According to a comparison by borderless.xyz, a $200 payment costs only $2 via stablecoin funding routes, while using the World Bank's old benchmark costs $12.72. According to borderless.xyz's latest third-quarter report, the median remittance cost in the third quarter of 2026 was 1%, while the World Bank's global average was 6.36%. In sub-Saharan Africa, the cost of stablecoin remittances was 2.9%, compared with a traditional transfer benchmark of 8.46%. In Latin America, the cost of stablecoin remittances was 1.25%, compared with 5.64% for traditional remittances.
BTC perpetual contract open interest totals 14.985 billion USD
According to data from Bijie.com: under the statistical methodology of selected mainstream platforms, the total notional open interest of BTC USDT-margined perpetual contracts is 14.985 billion USD.
MSCI rule changes could lead to the removal of Bitcoin treasury companies.
CoinWorld data: MSCI has finalized a rule change that could lead to Bitcoin treasury companies such as Michael Saylor's Strategy being removed from its widely tracked stock indexes, a move that could cut off passive investment demand for their shares. The rule will take effect on November 30 and is intended to treat "non-operating companies" as ineligible for MSCI's Global Investable Market Indexes. MSCI said it will publish the final list of affected companies on November 11.
The long-short account ratio for SOL contracts is 2.45.
CoinWorld data: The SOLUSDT 4-hour long-short account ratio is 2.45, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.0299; compared with the same-caliber snapshot 7 days ago, it increased by 0.0812.
The U.S. fiscal deficit for fiscal year 2026 reached $1.99 trillion, a five-year high.
According to news from Bijie, data released by the U.S. Treasury Department on October 16 shows that in fiscal year 2026, which ended September 30, the U.S. federal deficit widened by $217 billion year-over-year to $1.99 trillion, the highest level since fiscal year 2021 and the third-largest annual fiscal deficit in history. In fiscal year 2026, U.S. federal revenue reached a record $5.40 trillion, up 3% year-over-year, while federal spending reached a record $7.40 trillion, up 6% year-over-year. Among these, debt service costs rose 12% year-over-year to a record $1.36 trillion. In addition, the U.S. Supreme Court previously ruled against most of the tariffs implemented by the Trump administration, resulting in $145 billion in tariff refunds in fiscal year 2026, with net tariff revenue falling 11% year-over-year to about $173 billion. The U.S. Treasury Department estimates that the fiscal deficit in fiscal year 2026 will be 6.2% of GDP, higher than 5.8% in the previous fiscal year. The fiscal deficit for the single month of September was $27 billion, compared with a surplus of $198 billion in the same period last year.
ETH contract long-short account ratio is 2.63
Bjie.com data: The ETHUSDT 4-hour long-short account ratio is 2.63, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.2361; compared with the same-caliber snapshot 7 days ago, it decreased by 0.2938.