This past week in the world of cryptocurrency was characterized by moments of reckoning and revelation. BlackRock garnered attention for its cautious outlook on quantum computing's potential threat to Bitcoin.

In the midst of these developments, Pi Network announced a significant $100 million fund aimed at supporting Web3 startups, amidst growing scrutiny. The week featured various headlines in the crypto space, including criticism towards Coinbase for mishandling a substantial insider data leak.

A notable event was BlackRock's identification of quantum computing as a risk to Bitcoin's security. The asset manager pointed out in its ETF filing update that advancements in quantum computing could potentially weaken Bitcoin's cryptographic underpinnings. Despite being a theoretical scenario, including it in the risk statement highlighted a shift in institutional awareness regarding risks beyond volatility and regulation.

Pi Network also made headlines with its $100 million fund for developing its ecosystem, though facing some criticism over transparency issues. While some viewed it as a significant commitment to nurturing Web3 startups, others raised concerns about the project's progress.

In another development, analysts suggested that Ethereum was poised to rival Bitcoin in terms of market dominance, citing its increasing daily user base and ecosystem growth. Additionally, the emergence of internet capital market tokens was identified as a trending topic in the crypto world, with LAUNCHCOIN, DUPE, and BUDDY standing out as notable examples.

Furthermore, Coinbase faced backlash for a data leak incident where sensitive customer information was compromised by rogue employees. Despite refusing a ransom demand, the exchange received criticism for the delayed disclosure of the breach, leading to concerns about centralized data security and potential calls for decentralized identity solutions.