What is the “Will Bitcoin replace SHA-256 before June?” market asking?

It asks whether the following will happen: Will Bitcoin replace SHA-256 before June? Traders buy Yes shares if they think it will and No shares if they think it will not.

What do the Yes and No prices mean?

At the last observation Yes traded at 0.0¢ and No at 100.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 0.0% for Yes and 100.0% for No. The two prices add up to about one dollar.

How did this market resolve?

It resolved No on 1 Jun 2025. Trading has stopped; the record of prices, holders and trades stays on this page.

How does this market resolve?

On December 9, Google introduced Willow, a breakthrough state-of-the-art quantum chip. This achievement fueled speculation that Bitcoin's encryption may be vulnerable to quantum computers in the not-so-distant future (see https://www.cryptoglobe.com/latest/2024/12/does-googles-new-quantum-chip-willow-threaten-bitcoin-the-crypto-community-responds/). This market will resolve to "Yes" if Bitcoin stops using SHA-256 by May 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No." The resolution source will be the Bitcoin blockchain, in addition to a consensus of credible reporting.

What is the difference between volume, liquidity and open interest?

Volume is the dollar value of shares traded in a period, liquidity is the dollar value resting in the order book ready to be traded against, and open interest is the value of all shares currently held. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.

Who still holds shares in this market?

42 public wallets still held shares when Vultax last looked. Winners usually redeem their shares after settlement, so the remaining holders are mostly on the losing side.

Where does this data come from and how fresh is it?

Prices, the order book, holders and the trade tape come from Polymarket's public order book and data API. Vultax records each observation with its own timestamp (market facts last updated Jun 1, 8:24 AM UTC) and shows a value as unavailable rather than as zero when a source has not answered.

Can I trade this market on Vultax?

No. Vultax is a research and paper-trading terminal; it does not execute orders. The trade controls open the official market on Polymarket (https://polymarket.com/event/will-bitcoin-migrate-from-sha-256-before-june) or the Vultax predictions monitor, where you can track the market and paper trade it.

Resolved No: Will Bitcoin replace SHA-256 before June?

Market referencewill-bitcoin-migrate-from-sha-256-before-juneUpdated Jun 1, 2025 UTC

cryptoResolved

No · settled Jun 1, 2025 UTCcryptoquantum

Yes

0.0%

100.0%

Final Yes 0¢Final No 100¢

Lifetime volume

$285.1K

Resolved

Settled

Jun 1, 2025 UTC

Source Evidence

Evidence coverage

Items

Fetched

Latest

Jun 1, 2025 UTC

Public Polymarket market/event context is available; Vultax source-pack coverage is tracked separately.

Depth

Observed

Jun 1, 2025 UTC

This closed market has no live orderbook depth; the public close quote is shown for context.

Trading stateMarket usability at the displayed observation.

Market state

Resolved

Order book

Captured book available

Final outcome

The resolved venue state is treated as proof of resolution; holder and trade rows are settlement context.

Holder depthCapped public top-holder sample.

Rows loaded

Wallets

Top 10 share

92%

Yes / No shares

5.48K / 58.3

Rows reflect the positive holders returned for this market, not venue-wide open interest.

Recent tapeLatest public market trades.

Trades loaded

500

Wallets

401

Loaded notional

PricesPolymarket CLOB price history · daily closes · latest observation Jun 1, 12:00 AM UTC

Depth historyCheckSubscriber depth access is checked only when requested, keeping the public page fast.

Bucket	Close	Mid
Jun 1, 12:00 AM UTC	0.1%	0.1%
May 31, 12:00 AM UTC	0.1%	0.1%
May 30, 12:00 AM UTC	0.1%	0.1%

Topic room

Every related market on one live board

Bitcoin Price oddsHow high, and how low, do traders expect Bitcoin to go?

Questions

Questions about this market

What is the “Will Bitcoin replace SHA-256 before June?” market asking?: It asks whether the following will happen: Will Bitcoin replace SHA-256 before June? Traders buy Yes shares if they think it will and No shares if they think it will not.
What do the Yes and No prices mean?: At the last observation Yes traded at 0.0¢ and No at 100.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 0.0% for Yes and 100.0% for No. The two prices add up to about one dollar.
How did this market resolve?: It resolved No on 1 Jun 2025. Trading has stopped; the record of prices, holders and trades stays on this page.
How does this market resolve?: On December 9, Google introduced Willow, a breakthrough state-of-the-art quantum chip. This achievement fueled speculation that Bitcoin's encryption may be vulnerable to quantum computers in the not-so-distant future (see https://www.cryptoglobe.com/latest/2024/12/does-googles-new-quantum-chip-willow-threaten-bitcoin-the-crypto-community-responds/). This market will resolve to "Yes" if Bitcoin stops using SHA-256 by May 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No." The resolution source will be the Bitcoin blockchain, in addition to a consensus of credible reporting.
What is the difference between volume, liquidity and open interest?: Volume is the dollar value of shares traded in a period, liquidity is the dollar value resting in the order book ready to be traded against, and open interest is the value of all shares currently held. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.

Analytics

Bucket

Mid

Spread

Volume

Trades

Jun 1, 12:00 AM UTC

0.1%

May 31, 12:00 AM UTC

0.1%

May 30, 12:00 AM UTC

0.1%