Bitcoin

While mainstream coverage focuses on the funding milestone, the key insight is that photonic chips from GlobalFoundries enable scalable manufacturing—a critical step toward a quantum computer that could break ECDSA within a decade. This accelerates the timeline for 'quantum risk' in crypto, forcing investors to price in a potential existential threat to current blockchain security models.

PsiQuantum raised $1B in 2025, is building a quantum computer with photonic chips made by GlobalFoundries, and is closely monitored by DARPA.

DARPA's Watch on PsiQuantum Raises Quantum Threat for Crypto, Mining Supply Chain at Risk

DARPA's close monitoring of PsiQuantum signals impending US export controls on photonic chip technology, which could disrupt the global crypto mining hardware supply chain.