Gate News message, March 31: After Elon Musk on the X platform reposted discussions related to Google’s quantum security white paper, he commented: “On the bright side, if you forget your wallet password, maybe in the future you can still get it back.” This remark sparked interest in the crypto community, and advances in quantum computing technology may bring new changes to the field of cryptography.

Google’s Quantum AI team released a white paper stating that the quantum resources required to break elliptic curve cryptography are lower than expected. It proposes two quantum circuit schemes and recommends that the cryptocurrency community migrate to post-quantum cryptography by 2029 to address potential threats.

Google’s quantum artificial intelligence team released a white paper, proposing a new quantum attack scheme that significantly lowers the cost of breaking elliptic curve encryption, sparking panic in the encryption industry. Research shows that the quantum computing threat is accelerating and moving closer, with major blockchains such as Bitcoin and Ethereum facing risks; the industry needs to rapidly advance the upgrade to post-quantum encryption.

BIT hosted the "Trust in Digital Finance" event in Singapore, discussing governance, compliance, and operational issues in the digital asset industry. The co-founder emphasized that the approval of a Bitcoin ETF will promote the institutionalization process, with increased market demands for infrastructure. The event revolved around the "Trust White Paper," discussing frameworks for risk governance and implementation. BIT, as a digital asset financial services group, is committed to bridging traditional and digital finance, with assets under management exceeding $6 billion.

Guan Yang Gao, a postdoctoral researcher at ETH Zurich, accuses Google of three major issues with the paper TurboQuant for ICLR 2026, including the incorrect definition of its relationship with the prior work RaBitQ, misassessment of RaBitQ's theoretical results, and unfair experimental comparisons. Gao and his team have submitted a complaint to ICLR and released a public comment, to which the authors of TurboQuant have expressed willingness to address some of the issues.

The price of Bittensor (TAO) doubled to $330 in March 2026, with its strong performance linked to the expansion of decentralized AI network subnets, increasing from 80 to over 120, and a market capitalization exceeding $1.4 billion. The activity levels of subnet 3 and Chutes have increased, drawing market attention to their technical and commercialization capabilities. In terms of infrastructure, Manifold Labs and Intel jointly released a technical white paper, further promoting institutional participation and shifting market focus towards the subnet ecosystem.

Google's compression technology paper has triggered a decline in storage concept stocks, with MU falling for six consecutive days, totaling a drop of nearly 25%; SNDK is down 11.02% today. A short-selling whale made a profit of $250,000 before the paper's release, holding short positions in MU and SNDK, and has not yet taken profits.

Google's compression technology paper raises concerns about storage demand, causing storage-related stocks to decline. SanDisk and Micron Technology's stock prices fell, leading to increased unrealized losses for related long positions. The Hyperliquid platform shows that MU and SNDK both experienced significant losses.

Google's latest compression technology paper has sparked concerns in the market about declining storage demand, leading to a broad decline in storage-related stocks, with Micron Technology and SanDisk falling more than 4% and 6%, respectively. Meanwhile, an investor has taken a short position early and has already realized significant profits.

Japan's Liberal Democratic Party Establishes "Next Generation AI and Onchain Finance Vision Task Force," Founded by Former Digital Minister Taira Masaaki, Aims to Develop AI-Driven Onchain Finance Framework, Emphasizes the Importance of Blockchain Finance, and Plans to Release a White Paper on Regulatory Reform Recommendations.