Impact on stocks 0
Theme Impact 5
Quantum-Safe / Post-Quantum CryptographyQuantum Computing
Post-Quantum & Cryptographic TrustCybersecurity & Digital Trust
Cyber Resilience & Ransomware RecoveryCybersecurity & Digital Trust
Identity & Access ManagementCybersecurity & Digital Trust
AI Security & Agent GuardrailsCybersecurity & Digital Trust
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Kevin O'Leary said Bitcoin will reach $1 million, but only if the crypto industry resolves the quantum-computing threat known as Q-Day, the point at which a quantum computer could forge the signatures securing every Bitcoin wallet. Speaking at Avalanche Summit, O'Leary said no such machine exists and estimates for when one arrives run from the early 2030s to never, but that the doubt alone is why large funds cap Bitcoin exposure near 3%, treating it as a sliver of gold rather than a core holding. He also reversed his Ethereum thesis, saying his eighteen-month-old view that owning Bitcoin and Ethereum captured 97% of crypto's upside did not pan out, and that he now expects entire industries to pick their own chain, with whichever blockchain the first major exchange adopts for tokenization seeing that token soar. The interview came after the SEC approved its Innovation Exemption for tokenized stocks last week and as ICE evaluates Avalanche as the settlement layer for the NYSE's in-development trading system. O'Leary frames crypto as becoming the twelfth sector of the S&P because it services the other eleven.
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01 Quantum Reports $450,000 Quarterly Cash Use, $2.5 Million Cash, Zero Debt
01 Quantum Inc reported cash usage of $450,000 for the quarter despite significantly ramped-up research and development and marketing spending, leaving it with approximately $2.5 million in cash and zero debt. Recurring revenue from partner royalties, including Hitachi, has begun accumulating and was described as growing slowly but surely, while the absence of one-time engineering fees that were collected in previous quarters weighed on revenue comparisons. The company received $22.5 million in qONE tokens plus a cash development fee for the qLABS Foundation quantum-safe crypto vault, and Chief Executive Andrew Cheung pegged the annual recurring revenue opportunity for its IronCAP XMail product at $2.6 billion, based on 10% of roughly 730 million business email addresses at $3 per month. Cheung said the AI marketplace is expected around the second quarter of 2027, and he cited an independent Carleton University evaluation confirming that the Quantum AI Wrapper performs AI inference in encrypted form at acceptable efficiency. He also said qLABS Foundation is preparing a Mythos Challenge that will load approximately $100,000 worth of qONE tokens into the qVAULT, publish the private key, and invite crypto hackers to breach it over 30 days.
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SEALSQ Posts $32.2M Half-Year Operating Loss as Revenue Lags Spending
SEALSQ Corp reported a $32.2 million operating loss for the six months ended June 30, 2026, compared with $21.2 million a year earlier, according to full results released September 11. Revenue for the half reached $11.2 million, up 131%, though that figure includes $2.5 million contributed by IC'Alps SAS, so the headline increase reflects acquisition growth as well as organic sales. Gross margin came in at 48.5%, producing $5.4 million of gross profit, while research, selling and administrative expenses totaled $39.0 million before $1.4 million of other operating income, with general and administrative costs alone at $23.1 million. SEALSQ held approximately $479.8 million of unrestricted cash and cash equivalents at June 30, and full-year revenue guidance remains $27 million to $36 million, implying roughly $15.8 million to $24.8 million in second-half sales. Management expects initial QS7001 and QVault TPM commercial revenue toward the end of 2026, with a more significant contribution in 2027 and beyond, subject to certification, customer qualification and procurement timing.