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Project Overview
Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring. It has a fellowship program to onboard new software engineers into Bitcoin development and a grants program for existing Bitcoin developers.
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BlackRock, Coinbase, and Others Establish a $15 Million Bitcoin Quantum Defense Fund
Odaily Odaily News: BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy have formed the Bitcoin Security Consortium, committing a combined $15 million over three years to fund Bitcoin security research and open-source development focused on quantum computing defense. The consortium does not hold or distribute funds; each member directly selects the developers and researchers they will fund. The consortium stated it will not direct Bitcoin development or take positions on protocol changes. Mike Schmidt from the developer funding non-profit Brink will coordinate related efforts as a volunteer. Currently, there is no quantum computer capable of breaking Bitcoin's cryptography. Approximately 6.9 million BTC, worth $450 billion, are held in addresses that could be affected if such a quantum computer emerges. Remediation would require coordination among wallets, exchanges, miners, users, and other parties. Related work includes proposals such as BIP 360, which designs a new output type to limit public key exposure and accommodate post-quantum signature schemes. Robert Mitchnick, Head of Digital Assets at BlackRock, stated that Core developers are doing important work and that this organization will provide more funding for Bitcoin's long-term security.
Bitcoin Security Alliance Officially Established, Nine Major Institutions Pledge $15 Million Over Three Years
According to the official press release, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, nine leading financial institutions and Bitcoin companies, jointly announced the establishment of the Bitcoin Security Consortium on July 23, 2026. The members independently committed to contributing a total of $15 million over the next three years to support long-term security research for the Bitcoin network, with a focus on development work in the field of post-quantum cryptography. The consortium's daily affairs are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt; it will not intervene in protocol development or specific change decisions and will regularly release Bitcoin security status reports to investors and the public.
White House: U.S. and Iran on the "Brink" of Reaching an Agreement
Odaily News According to a report by Xinhua News Agency, White House Press Secretary Sarah Huckabee Sanders stated in an interview with Fox News on the evening of the 20th that the United States and Iran are on the "brink" of reaching an agreement. Sanders said, "The United States has never been this close to reaching a truly good deal." However, she did not disclose any information regarding the current status of the negotiations. Sanders stated that even if an agreement is not reached, President Trump still has multiple options and is not at all afraid to use these means. Previous actions have proven that Trump is not "bluffing." (Xinhua News Agency)