From Decrypt · By Tyler Warner
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.
Top News:
Crypto majors fall another 2-3% along with stocks; BTC at $82.6k
ETH Researcher Justin Drake warns of AI hacking, calls for "Bunker Mode"
BTC ETFs see biggest day of outflows since late June
Tom Lee says he’ll stop buying ETH at 5%, which he’ll reach soon
Near Intents announced Confidential Intents on DarkSwap on Solana (Dark +169%)
BitcoinBTC · USD$82,486−1.49%Oct 1Oct 3Oct 5Oct 6Oct 8$86.8k$85.4k$83.9k$82.5k24h HighHigh$83,71324h LowLow$82,318VolVol$1.4BMarket projectionsOdds by MyriadToday$82,000 to $84,000$82k–$84k67% chanceThis weekAbove $82,000Above $82k60% chance→Buy Bitcoin with USDTPowered by JupiterPrice data by CoinGeckoCoinGeckoMore Bitcoin news and projections →🔐 Ethereum Researcher Says AI May Break Crypto Encryption Before Quantum
Justin Drake has spent years warning that quantum computers could eventually break the math protecting crypto wallets. On Wednesday, he said something more alarming: AI might get there first, and possibly within months.
Drake, a researcher at the Ethereum Foundation, called on the industry to start planning for what he called bunker mode. His advice is to move coins to fresh addresses that have never sent a transaction.
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large…
— Justin Drake (@drakefjustin) October 7, 2026
Here’s why that matters. Every wallet has a private key you keep secret and a public key derived from it. The public key stays hidden behind a scrambled version of itself until you spend from that wallet. The moment you send a transaction, your public key becomes visible on the blockchain forever. If someone figures out how to work backward from a public key to a private key, every wallet that has ever sent money is exposed. Wallets that have only ever received are not.
The system doing that math is called ECDSA, and Bitcoin and Ethereum both rely on it. Drake says it’s now reasonable to prepare for it breaking before quantum computers arrive, in the worst case in months rather than years. By breaking, he means recovering someone’s private key in about a week using a large cluster of graphics cards.
What changed his thinking is how fast AI is solving hard math. He pointed to 722 mathematical results OpenAI published Tuesday. His argument is that elliptic curves, the structure ECDSA is built on, have exactly the kind of rich mathematical patterns a superintelligent system might exploit, while the hashing used to hide public keys is designed to resist that.