Sixteen security researchers walked into 390 open-source Bitcoin codebases and, in slightly more than a day, found nearly 5,000 things wrong. The result of an audit sprint by the Bitcoin Red Team, a volunteer group that delivered one of the most thorough security sweeps the Bitcoin ecosystem has ever seen.
The numbers are bracing: 4,962 total security findings across 390 projects, logged in a 27.5-hour window spanning August 4 to 5, 2026. Of those, 85 were classified as critical and 635 as high-severity. That works out to roughly 2.31 findings per researcher per hour.
What triggered the audit The sprint was a direct response to vulnerabilities recently discovered in the COLDCARD hardware wallet, one of the most widely trusted cold storage devices in Bitcoin’s self-custody culture.
Funding came from OpenSats, a nonprofit that supports open-source Bitcoin development, which contributed nearly $40,000 to support the effort. The volunteer model and AI-powered tooling stretched every dollar considerably further.
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How AI changed the math The Bitcoin Red Team leaned heavily on AI-driven analysis tools to scan codebases at a speed no manual review could match. The team averaged 180 findings per hour collectively.
The Red Team is reportedly planning to open-source the tools they used, which could set a new baseline for how the broader crypto community approaches security auditing.
Responsible disclosure, not reckless exposure The Bitcoin Red Team followed a strict responsible disclosure process, reproducing critical issues locally before informing project maintainers privately.
Prior to this sprint, the group had already conducted scans of roughly 150 repositories that resulted in over a dozen private disclosures. The August audit was a dramatic escalation in both scope and urgency, driven by the COLDCARD fallout.
What this means for investors and the broader ecosystem The Bitcoin ecosystem has long prided itself on its open-source ethos. In practice, most projects don’t receive meaningful security review unless they’re high-profile enough to attract attention or well-funded enough to pay for it.
The existence of vulnerabilities doesn’t mean funds were stolen or that Bitcoin itself is compromised. Bitcoin’s core protocol wasn’t the target here. The projects audited were the surrounding ecosystem of tools and applications that people use to interact with Bitcoin.
The costs of remediation will fall on individual project maintainers, many of whom are themselves volunteers or small teams.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tom Lee varuje, že kvantové počítače mohou do roku 2028 či 2029 ohrozit bezpečnost Bitcoinu. Riziko se týká hlavně starších adres s veřejným klíčem, zhruba 7 milionů BTC.
Fundstrat cofounder Tom Lee has warned that quantum computers might compromise the security of Bitcoin as soon as 2028 or 2029. Lee cited recent research from Google, claiming advancements in quantum technology could soon render Bitcoin’s existing protections obsolete, and cautioned that the crypto sector currently does not have a unified mitigation strategy.
Ethereum and Solana seen as less vulnerableLee also suggested that networks such as Ethereum and Solana may face lower risks from emerging quantum threats. He stated that their protocols offer stronger protection compared to Bitcoin’s, although he did not elaborate on specific security features in his brief remarks. Ethereum and Solana are both popular blockchain platforms supporting smart contracts and decentralized applications.
However, his statements drew immediate attention from Adam Back, the creator of Hashcash and a prominent figure in Bitcoin’s early development. Back challenged Lee’s assessment, emphasizing that Bitcoin does not use traditional encryption for transaction processing.
Adam Back pointed out that Bitcoin protects coin ownership with ECDSA-based digital signatures, and seed phrases are secured by an exceptionally high level of entropy, making them effectively immune to brute-force attacks even by quantum computers.
These digital signatures are cryptographic methods used to authenticate and secure transactions, rather than encrypt data. The security of Bitcoin wallets relies on the computational difficulty of deriving a private key from its corresponding public key.
Mini dictionary: ECDSA (Elliptic Curve Digital Signature Algorithm) is a cryptographic technique widely used in blockchain networks to ensure transaction authenticity without revealing private keys. Its security is based on the difficulty of solving certain mathematical problems efficiently, which quantum computers may potentially address with future advancements.
Focus on legacy addresses and public key exposureThe genuine quantum threat to Bitcoin centers on a subset of coins held in older wallet addresses, where public keys have already been exposed on the blockchain. Analysts believe around 7 million BTC, or approximately 30%–35% of the total supply, reside in such addresses that have either been reused or have remained dormant for years.
If a sufficiently powerful quantum computer using Shor’s algorithm were built, attackers could theoretically derive the private keys associated with these exposed public keys and seize control of the funds. Shor’s algorithm is anticipated to solve certain cryptographic problems exponentially faster than classical computers.
However, there are currently no quantum computers capable of mounting this kind of attack. The threat remains theoretical, and Bitcoin developers have been researching post-quantum cryptographic solutions for several years with the goal of upgrading the protocol well before practical quantum threats emerge.
Potential network responses and the BIP-361 debateIn the event quantum threats become imminent, Bitcoin could implement a hard fork to integrate quantum-resistant signature schemes. Moving coins from exposed addresses to safer ones would be possible for active holders. However, assets in lost wallets or long-inactive addresses—including the approximately one million BTC attributed to Satoshi Nakamoto—are unlikely to be secured by their original owners.
The network faces a difficult choice: freeze nearly a third of all Bitcoin through the contested BIP-361 proposal, or risk leaving these dormant coins vulnerable to potential quantum attacks.
BIP-361 is a controversial proposal that would allow the network to freeze coins at risk of quantum theft. If enacted, it would mark an unprecedented intervention, pitting the preservation of network integrity against long-standing principles of immutability and decentralization.
MeasureQuantum ThreatNetwork ResponseLegacy addresses (public key exposed)High risk (approx. 7 million BTC vulnerable)BIP-361 freeze or move to new addressesModern addresses (public key not disclosed)Low risk (quantum attack theoretical)Monitor and implement post-quantum upgradesDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin se znovu dostal do bezpečnostní debaty, zatímco Pentagon připravuje novou jadernou strategii zaměřenou na regionální konflikty s Čínou nebo Ruskem. Trh na zprávu nereagoval; Bitcoin se obchodoval poblíž 64 500 USD.
Bitcoin has entered the national-security debate again as the Pentagon drafts a nuclear strategy centered on potential regional conflicts with China or Russia.
Summary
The Pentagon is reportedly considering shorter-range tactical nuclear weapons for regional conflicts. US military officials previously confirmed operational Bitcoin testing and classified crypto-related work. Washington’s Strategic Bitcoin Reserve holds forfeited BTC under a no-sale policy. Bitcoin traded near $64,500, with no clear price reaction to the Pentagon report. Pentagon drafts new nuclear strategy Defense Department policy chief Elbridge Colby is drafting a classified nuclear framework that could expand the role of shorter-range tactical weapons, NBC News reported on Aug. 5, citing five people familiar with the plans.
The emerging strategy would prepare Washington for a possible regional war involving China or Russia. It reportedly seeks to give the US president more limited nuclear options during a crisis instead of relying mainly on long-range strategic weapons.
The approach would mark a departure from decades of US doctrine built around the threat of a large retaliatory strike. Tactical weapons have shorter ranges and are designed for more limited military targets, although any nuclear use would still carry a severe risk of escalation.
The framework has not been adopted as official US policy. Its reported objectives include preventing a conventional conflict from becoming a full nuclear exchange and stopping one adversary from exploiting Washington while it confronts the other.
Why Bitcoin has entered the security debate The nuclear review does not formally include Bitcoin. However, the focus on China and Russia overlaps with separate US military discussions about decentralized networks, cybersecurity and digital financial infrastructure.
In April, US Indo-Pacific Command chief Admiral Samuel Paparo told lawmakers that the military was operating a Bitcoin node and testing the network in an operational setting, according to a statement from Rep. Lance Gooden’s office.
Paparo described Bitcoin as a peer-to-peer, zero-trust system with potential military applications. Defense Secretary Pete Hegseth later told Congress that classified digital-asset initiatives could give the US leverage across multiple scenarios.
Those disclosures do not mean Bitcoin forms part of US nuclear planning. They show that defense officials are assessing the network independently as a possible cybersecurity, communications or value-transfer tool as competition with China expands.
Crypto commentators have connected the NBC report with those earlier disclosures. The resulting discussion has focused on whether Bitcoin’s decentralized structure could become more valuable during sanctions, cyberattacks or disruptions to traditional payment systems.
US Bitcoin reserve adds a sovereign dimension President Donald Trump established the Strategic Bitcoin Reserve through a March 2025 executive order. The reserve is capitalized with BTC forfeited through criminal or civil proceedings rather than direct market purchases.
Bitcoin placed in the reserve “shall not be sold,” according to the executive order published in the Federal Register. Treasury and Commerce may also explore budget-neutral ways to acquire more BTC without imposing additional costs on taxpayers.
The White House estimated in 2025 that the federal government controlled roughly 200,000 BTC, but no complete public audit was available at the time. That makes exact current holdings difficult to confirm, particularly because seized assets may be returned to victims or transferred between agencies.
The reserve and the Pentagon’s network tests remain separate initiatives. Still, together they show that parts of the US government increasingly view Bitcoin through strategic and operational lenses, not solely as a speculative asset.
Bitcoin shows no clear reaction to the report Bitcoin traded near $64,500 on Aug. 5, within an intraday range of roughly $63,860 to $64,650. The price action showed no obvious response to the nuclear strategy report.
Any long-term market effect would likely depend on concrete policy changes, including additional congressional testimony, defense authorization language, or disclosures about how the military uses Bitcoin infrastructure.
For US investors, the report does not create a direct new demand catalyst. It instead adds to the broader case that Bitcoin is being examined as part of sovereign reserves and national-security planning. The connection remains indirect unless the Pentagon announces a formal procurement, reserve, or operational policy involving BTC.
Hack Coldcard Wallet vyvolal na síti Bitcoinu zvýšenou aktivitu: v mempoolu čeká 89 031 transakcí, nejvíc od února 2025. Počet aktivních adres dosáhl 712 000 a transakcí velryb 61 800.
The Coldcard hardware wallet hack, which began on July 30th and is still ongoing, has caused significant activity on the Bitcoin network. This event has raised concerns about the security of hardware wallets and has also led to an increase in the number of transactions in the Bitcoin transaction pool (mempool).
Bitcoin Trading Volume is Increasing According to Blockchain.com data, the number of transactions awaiting confirmation in Bitcoin’s transaction pool has reached 89,031, the highest level since February 2025. This increase has been particularly noticeable since the end of July. Other data provided by Santiment shows that the number of active addresses has reached 712,000, a three-month high, and transactions by “whales,” as they are known, have risen to 61,800, a five-month high.
Bitcoin Price and Macroeconomic Effects While increased network activity is generally thought to support Bitcoin’s value, so far the Bitcoin price has been trading in a narrow range between $62,000 and $65,000. Analysts note that the fate of the Clarity Act could be a catalyst in the short term, but the long-term effects may depend more on government bond yields. Bitfinex states that if the US 10-year Treasury yield rises above 2.5%, the positive macroeconomic scenario for Bitcoin will collapse.
These developments enhance Bitcoin’s appeal as digital gold and a store of value, while also testing the network’s transaction capacity. With the introduction of spot ETFs in early 2024, Bitcoin’s positioning as a store of value, rather than a payment network, has been further solidified.
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Strategy oznámí příspěvky na Trump Accounts pro děti zaměstnanců v USA: 250 USD ročně a jednorázově 1 000 USD po dokončení implementace ministerstvem financí USA a po zpřístupnění systému pro příspěvky zaměstnavatelů.
Strategy has announced a new employee benefit that will provide annual contributions to Trump Accounts for eligible children of its U.S. workforce. The Bitcoin treasury company said the program will begin after the U.S. Treasury issues final guidance and employer contribution systems become available.
Strategy Expands Employee Benefits With Trump Accounts Strategy said it will contribute $250 each year to Trump Accounts for every eligible child under 18 of its U.S. employees. The company also plans to make a one-time $1,000 contribution that matches the U.S. government’s seed contribution for eligible children.
The company joins Coinbase, Circle, Morgan Stanley, Goldman Sachs, and other firms that have pledged support for the Trump Accounts initiative. The program is designed to encourage long-term investing for children through tax-advantaged accounts linked to U.S. equity index funds.
Strategy said employer contributions will begin only after the U.S. Treasury completes its implementation process. The company noted that participation depends on the release of final guidance and the required infrastructure.
Strategy Chief Executive Officer Phong Le said, “Trump Accounts and the Invest America initiative can help build a stronger financial future for America’s children.” He added, “These accounts can encourage financial education, long term thinking, and a culture of saving and investing from an early age.”
Company Continues Bitcoin Treasury Operations The announcement came as Strategy continued making adjustments to its Bitcoin treasury. An SEC filing showed the company sold 1,638 BTC during the past week at an average price of $63,957. Following the transaction, Strategy held 842,138 BTC acquired for $63.51 billion at an average purchase price of $75,419.
On-chain analytics platform Lookonchain also reported that a wallet linked to Strategy transferred 1,030 BTC, valued at more than $66 million. Arkham data showed several transfers ranging from $6 million to $21 million, following another transfer of about 300 BTC earlier in the week. Strategy has not confirmed that the latest wallet movements represented additional Bitcoin sales.
Executive Chairman Michael Saylor addressed recent discussion surrounding the company’s Bitcoin transactions. He said, “Strategy is a public company, not my wallet.” Saylor also stated that the company has disclosed since 2020 that it “may buy or sell $BTC to manage capital,” adding, “Our shared conviction in Bitcoin remains unchanged.”
Trump Accounts Target Long-Term Investing Trump Accounts are individual retirement accounts created for children to encourage long-term investing. Children born between 2025 and 2028 qualify for a $1,000 contribution from the U.S. Treasury under the program.
The accounts are expected to invest in mutual funds or exchange-traded funds that track the S&P 500 or another index focused mainly on U.S. equities. Coingape previously reported that several financial firms have committed to supporting the initiative through employer contribution programs.
Strategy has also previously supported President Donald Trump’s political initiatives. The company, formerly known as MicroStrategy, donated $1 million to the Trump-aligned MAGA Inc. political action committee in January 2025, while Coinbase and Circle each contributed $1 million to Trump’s inaugural fund.
For cryptocurrency trading platforms, this move reflects growing participation by major corporations in investment-focused financial programs.
Neaktivní bitcoinová peněženka po sedmi měsících přesunula 16 400 BTC v hodnotě asi 1,04 miliardy dolarů do nové soukromé peněženky. Převod nešel na burzu, takže zatím nevypadá jako přímý prodej.
On August 3rd, a wallet that had been completely inactive for seven months transferred 16,400 bitcoins, nearly 1.04 billion dollars, reigniting speculation about the intentions of its holder. Indeed, this movement occurs while bitcoin is trading around 62,800 dollars, far from its all-time high of 126,198 dollars reached in October 2025. In a market where large fortunes quickly influence liquidity and investor sentiment, such an operation never goes unnoticed.
In Brief A crypto whale inactive for 7 months moved all of its 16,400 BTC, amounting to a total of 1.04 billion dollars. This movement occurs while Bitcoin oscillates around $62,800, down nearly 50% from its all-time high in October 2025. The operation represents about 0.0781% of the total Bitcoin supply and equals nearly 7% of the daily volume traded on the spot market. The funds were transferred to a brand new private wallet and not to a centralized exchange platform, dismissing the hypothesis of a direct sale deposit. A 1.04 billion dollar transfer in bitcoin While bitcoin could plunge to $40,000 according to Michael Terpin, the sending wallet is listed under the address “bc1qptc9cz269u2mc5yguun5a5d6yd5c7f7ne4qj26”. According to the data reported by the blockchain tracking platform Lookonchain, the entire accumulated reserve was moved in a single transaction to a new destination wallet. This massive transfer happens in a particularly gloomy market context, marked by limited spot trading volumes on major international exchange platforms.
To properly gauge the scale and statistical accuracy of this extraordinary operation, analysts extracted fundamental metrics characterizing this major movement. These data allow for a direct evaluation of the potential impact on the money supply in circulation as well as on overall market liquidity :
Total amount transferred : 16,400 BTC (the entire balance of the sending address) ; Estimated value at execution : approximately 1.04 billion dollars ; The bitcoin price at the time of transfer : $62,808 according to CryptoQuant (down 1.1 % over 24 hours and 3.8 % over 7 days) ; Proportion of total supply : 0.0781 % of the maximum total of 21 million BTC ; Proportion of daily spot volume: 6% to 7 % of the 15.7 billion dollars traded over 24 hours. According to the analysis firm Cypher Citadel, the operation spectacularly ranks “in the top 0.01 % of the largest crypto transactions over the past three months”.
Although the proportion relative to theoretical supply seems modest, it is considerably more colossal when compared to actual active liquidity, a major share of bitcoins being locked long-term.
The destination of the transaction The key element to retain does not solely lie in the volume moved but primarily in the nature of the final address that received the funds. The blockchain actually reveals that the 16,400 BTC were sent to a brand-new wallet created specifically for the occasion, not to an address belonging to a centralized exchange.
Thus, Cypher Citadel specialists confirm the transaction is classified as a transfer “from unknown address to unknown address”, a type generally associated with an internal custodian reshuffle or an over-the-counter (OTC) trade rather than a deposit prior to a sale on the spot market.
The analysis company underlines that “the 4 to 48-hour window ahead is a key observation period to detect potential secondary transfers to centralized exchange platforms”, where real selling pressure is expected to be exerted. This distinction is fundamental for market structure. A direct sale would have a devastating impact, while a simple migration to a new secure environment retains immediate neutrality on the price.
A historic precedent and perspectives for investors This dynamic fits into a historic pattern already observed several times by industry experts. Last July, a wallet inactive for over eight years moved 5,907.56 BTC, equivalent to 384 million dollars, to a new intermediate address without ever funding trading platforms.
As explained by the firm Glassnode, wallet-to-wallet movements frequently reflect “custody provider changes, transitions to cold storage solutions, or internal treasury management”, while only direct deposits to platforms translate the owners’ manifest intention to liquidate their positions. This phenomenon was even more marked earlier in the year, when an 80,000 BTC reserve inactive since Satoshi Nakamoto’s era and estimated at 8 billion dollars moved without any flow immediately impacting order books.
Ultimately, unless secondary movements contradict this data in the next hours, the hypothesis of a massive sale leading to a pending crash seems to be ruled out in favor of a technical migration of assets. Investors must nevertheless maintain nuanced vigilance. While the initial transfer remains neutral for the price situated around $62,800, the potential fragmentation of this sum towards OTC brokers or secondary platforms could subtly influence liquidity in a fragile spot market. Risk management therefore requires close monitoring of the evolution of this new wallet to anticipate any future repercussions on the ecosystem.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Tři muži z Missouri byli obviněni kvůli údajnému plánu unést držitele bitcoinu a vynutit si převod kryptoměny. Podle obžaloby měli jednat v srpnu 2024.
Three Missouri men were charged over an alleged August 2024 plot to kidnap a Bitcoin holder and steal his holdings.
Sedric Louis, John Davis and Martel Williams were allegedly hired to kidnap and force a Bitcoin holder to transfer cryptocurrency to accounts controlled by organizers, according to a Tuesday press release by the US Attorney’s Office. They traveled from St. Louis to Connecticut, where they rented vehicles and obtained air rifles to stake out the victim.
After staking out the intended target for two days, they abandoned the plan for fear of being caught on home security cameras. Shortly afterward, another crew from Florida arrived to carry out the plan.
The three were charged with conspiracy to interfere with commerce by robbery under the Hobbs Act, which carries a maximum sentence of 20 years. Louis and Davis have been detained since their arrest on June 25, 2026. Williams was released on bond. All three pleaded not guilty.
Home invasions were the most common type of physical attack targeting cryptocurrency investors in the first half of 2026, according to blockchain security company CertiK. Crypto home invasions rose to 20 reported incidents in H1, up from a single case a year earlier.
Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
BIP-110 míří k prvnímu zásadnímu aktivačnímu bodu a může vyvolat rozdělení sítě. Pro většinu firemních uživatelů Bitcoinu však podle textu nepřinese téměř žádnou změnu.
BIP-110 is approaching its first consequential activation boundary. The proposal enters mandatory signaling at block 961,632, currently projected around August 9, 2026. It locks in no later than block 963,648, roughly in late August, and activates its new transaction rules at block 965,664, currently projected for early September. BIP-110 uses a 55% signaling threshold and would enforce its restrictions for 52,416 blocks, approximately one year.
Bitcoin resolves consensus changes through coordination among miners, users, and nodes (note that anyone can be any combination of these three things). Miners choose which valid chain to extend. Users decide which chain’s coins, deposits, and payments they recognize. Nodes independently choose which rules they enforce. Durable consensus emerges whenever these groups converge on the same chain.
BIP-110 restricts large data pushes, oversized output scripts, undefined witness versions, Taproot annexes, deep Taproot control blocks, OP_SUCCESS opcodes, and certain Tapscript conditionals. It grandfathers UTXOs created before activation, while standard monetary uses remain compatible with its rules.
Most corporations don’t have to do anything For most corporations, BIP-110 requires no action. Today, the typical corporate Bitcoin utility is as a store of value, as a long-duration treasury reserve asset. This use case is basically unaffected by the transaction features targeted by BIP-110.
Corporations using Bitcoin for payments also face limited direct impact. Standard on-chain payments remain compatible (see below for specifics), while ordinary Lightning payments occur off-chain. A chain split can still affect Lightning channel monitoring, force-close behavior, and the chain source that a Lightning node treats as authoritative. However, even corporations using Bitcoin for payments normally use a third party provider like Square, so all of this abstracted away to be a non-issue.
A corporation that runs its own full node has a direct choice. Every user retains the right to run the Bitcoin implementation that matches its needs. A corporation that supports BIP-110 should therefore switch over to running BIP-110. All other node-running corporations can simply do nothing.
A BIP-110 node enforces tighter rules. During mandatory signaling, it rejects blocks that fail to signal bit 4. After activation, it also rejects blocks containing transactions that violate BIP-110. A non-BIP-110 node accepts BIP-110-compliant blocks as well as blocks that remain valid under the existing rules. Among all chains valid under its own rules, a node follows the branch with the greatest accumulated proof of work.
So the key factor to be aware of is a chain split. When miners build a chain that is not compliant to the BIP, BIP-110 nodes can separate from the broader network. Non-BIP-110 nodes may continue following the higher-work branch, while BIP-110 nodes could remain on a compliant branch with less accumulated work.
Corporations dealing with chain splits Mining companies face the highest immediate economic exposure. Electricity and machine time are sunk costs. A miner should select the branch it expects other miners, nodes, and users to recognize and mine on it. A miner may also stop mining and wait for the chain split to resolve. If BIP-110 and non-BIP-110 chains develop independently, miners must track chainwork, signaling, validity under both rule sets, and their own mining pool’s stance, and the market value assigned to each branch.
Corporations operating exchanges and institutional custody should prepare for settlement uncertainty. During an extended split, the ordinary six-confirmation standard loses much of its value because each branch can show six confirmations independently. Operators should monitor both branches, raise confirmation requirements, pause large deposits or withdrawals when risk rises, and delay final settlement until one branch has decisively accumulated more work or the transaction has sufficient depth on all viable branches. Different validation rules can produce chain splits, false confirmations, and double-spend risk.
Let’s consider a chain split occurring at block height S.
Chain splits and determining overall global finality Suppose a deposit appears on Chain A at S+4 and on Chain B at S+6. Once both chains reach S+12, the deposit has substantial depth on each branch (assuming we are still using six-confirmations). Now, this number of six confirmations should change depending on the work on each branch. And it might be the case that the number of confirmations one would like to see would be different for each branch. The main point is that the operator must wait until both branches reach the requisite confirmations. The operator can at that point be confident that the transaction remains, not matter which branch becomes canonical.
If the transaction appears on only one branch, the operator should wait for that branch to win or apply chain-specific accounting. That would be the only way to ensure no double spending happens. In practice, monetary transactions should always eventually appear on both branches, since the BIP-110 chain does not prohibit monetary transactions.
Conclusion The main thing to be aware of is a chain split. If there is no split, then there is nothing that needs to be done differently. Even with a chain split, BIP-110 will not create insurmountable disruptions.
For corporations that may be impacted by a chain split, the main action to take is to lengthen confirmation times and monitor both branches. For node-running corporations that support the BIP, the main action is to start running it on their nodes, if they haven’t already.
Miners, as usual, should direct their hashrate based on their view of which branch will end up with the most accumulated proof of work. Exchanges and custodians should lengthen settlement procedures and maintain visibility into both chains, should a chain split occur. For the daily operations of most corporate Bitcoin users, BIP-110 changes very little, if it changes anything at all.
Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product.
Allard Peng
Research and Insights Analyst at Bitcoin for Corporations
Kanadský správce digitálních aktiv 3iQ bude spravovat část bitcoinových rezerv Bhútánu pro projekt Gelephu Mindfulness City. Zajistí i správu 10 000 BTC, investice do místních talentů a dlouhodobou fyzickou přítomnost v Gelephu.
Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan’s Gelephu Mindfulness City project.
3iQ, Canada’s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also invest in local talent and establish a long-term physical presence in Gelephu as the region positions itself as Bhutan’s new offshore digital financial hub, according to a statement.
Bhutan last year said it would use 10,000 Bitcoins to fund a special administrative region called the Gelephu Mindfulness City. First announced in 2023, the GMC will be “a world-class economic hub in southern Bhutan.”
“From the very inception we were aligned with GMC’s vision to create a next-generation economic hub that attracts global talent while being committed to Bhutan’s cultural values and environmental principles,” 3iQ’s director and CEO, Pascal St-Jean, said in a statement.
The GMC’s Board Director, Jigdrel Singay, added: “Beyond their institutional expertise and global track record in digital asset management, what stood out to us was their genuine commitment to investing in people, transferring knowledge and building local capabilities.”
Bhutan has been buying Bitcoin for years, and the GMC project is a way of using its stack to
Bhutan started quietly mining Bitcoin in 2019. Then, in 2024, it announced it held a reserve of the digital coins before in January 2025 saying it would hold other cryptocurrencies on its balance sheet.
According to Bhutan’s government, the GMC, will be “a new economic hub in southern Bhutan designed around mindfulness, sustainability, and innovation,” and is central to Bhutan’s broader effort to diversify its economy beyond hydropower and tourism.
The plan is similar to El Salvador‘s crypto ambitions. The tiny Central American nation also announced plans in 2021 for a smart city dubbed “Bitcoin City” — a tax-free economic hub aimed at attracting the nomadic wealthy and tech entrepreneurs, funded via Bitcoin-backed tokenized bonds.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
ColdCard Q měl chybu ve firmwaru při generování seedu z poolu náhodnosti omezeného na 32 bajtů entropie, což ohrozilo hlavně uživatele bez passphrase. Coinkite vydal opravený firmware a doporučil vytvořit nové seed fráze.
Hardware wallets are supposed to be the gold standard of Bitcoin security. The whole pitch is simple: keep your keys offline, away from hackers, away from exchanges, away from anything that could go wrong. So when a firmware flaw undermines that promise, the community tends to notice. When someone responds by literally shooting the device, everyone notices.
That is exactly what happened when Adam, known on X as @denverbitcoin, announced plans to destroy his ColdCard Q on August 2, 2026, framing the act as a symbolic gesture on behalf of users hurt by the vulnerability.
What the flaw actually did When a ColdCard Q automatically generated a seed phrase, it drew on a pool of randomness that was limited to 32 bytes of entropy, making the seed theoretically easier to brute-force than users were led to believe.
The practical impact depended heavily on whether a user had added a passphrase, sometimes called the 25th word. A passphrase is an extra layer on top of the standard 24-word seed phrase. Users who had one were largely insulated from the problem. Users who had not were the ones left exposed.
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Coinkite, the company behind the ColdCard lineup, acknowledged the issue and released updated firmware. The company also advised affected users to generate entirely new seeds, and clarified that the hardware itself was not defective. Only the firmware’s seed generation routine was at fault.
Why Adam pulled the trigger Adam’s framing was explicitly about solidarity. He described the act as honoring users who had been effectively robbed because of the vulnerability, a pointed choice of words that places blame squarely on the firmware’s failure rather than on user error.
Criticism has also landed on influencers and educators who recommended ColdCard devices without, in the view of critics, sufficiently stress-testing the security assumptions or pushing passphrase adoption hard enough.
NVK, Coinkite’s founder, has faced direct criticism throughout the discussions on X, though engagement from mainstream crypto media has been limited. The bulk of the conversation has stayed within the platform’s Bitcoin-focused corners.
What this means for the hardware wallet market The ColdCard has long occupied a specific position in the Bitcoin hardware wallet market as the choice of the security-maximalist. That reputation made the entropy flaw particularly jarring for its core audience.
The deeper market implication is about defaults. A firmware vulnerability that only affects users without passphrases is, in one reading, a user education problem. In another reading, it is a product design problem.
What to watch now is whether Coinkite’s updated firmware and communication strategy are enough to retain its reputation among the security-conscious Bitcoin holders who made up its core customer base, or whether this incident accelerates a shift toward competing devices. Adam’s destroyed ColdCard Q is now a permanent part of the visual record.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coldcard vyzvala uživatele, aby urgentně přesunuli prostředky po odhalení kritické chyby v kódu. Podle Galaxy Research bylo potvrzeno odcizení přes 100 milionů USD, přičemž některé zprávy mluví až o 130 milionech USD.
Some reports claimed that the stolen money is somewhere around $130 million already. And, it's still increasing.
Just a few days after admitting to a key vulnerability that left millions and millions worth of BTC in jeopardy, the team behind the self-proclaimed ‘best bitcoin hardware wallet’ published a key message urging users to migrate their funds.
Coldcard’s official X account informed customers that they should “treat this as urgent” and move their funds. The posts added that they have to follow the advisory of their models, upgrade their devices, generate a new seed, and “carefully” move their funds.
Please treat this as urgent. Migrate your funds. Follow the advisory for your model, upgrade your device, generate a new seed, and carefully move your funds.
Help spread the word, especially to people who are less online and may not see this update.
The threat is still ongoing. https://t.co/cbJxJles8x
— COLDCARD (@COLDCARDwallet) August 4, 2026
The Coldcard saga unraveled at the end of July. Some users first issued warnings online that their funds, stored on the hard wallet, had disappeared before the team admitted to a critical vulnerability in the code.
According to the latest estimations by Galaxy Research, the confirmed amount stolen is over $100 million. Some reports noted that the actual number could be around $130 million.
Market commentator Joe Consorti argued earlier that the attacker may struggle to spend a large portion of the swiped BTC since every BTC is being tracked on the public blockchain.
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
Bitcoin could challenge prevailing bearish expectations in August, as BlackRock made a significant move in the cryptocurrency market with a major Bitcoin purchase.
BlackRock’s new Bitcoin positionBlackRock, which ranks among the world’s largest asset managers, recently acquired more than $111 million worth of Bitcoin. The purchase followed a positive trading session for BlackRock’s Bitcoin ETF, the largest exchange-traded fund dedicated to the cryptocurrency.
The new allocation comes as onchain data confirms recurring patterns: BlackRock has been alternating between buying and offloading Bitcoin in response to price swings and market sentiment.
BlackRock captured the majority of capital entering the Bitcoin ETF market during this session, as $111.43 million flowed into Bitcoin while total ETF net inflows for the day reached over $170 million.
This trend points to BlackRock’s dominance within the institutional Bitcoin investment landscape. While the firm’s activity is closely tied to price movements, its latest purchase signals growing interest among traditional financial entities.
BlackRock is a global investment company known for its expansive ETF offerings and substantial influence in the financial markets, with assets under management exceeding $10 trillion.
Mini dictionary: Onchain data, refers to analysis and data gathered directly from a blockchain, providing transparent records of asset movement, ownership, and network activity.
ETF inflows signal renewed institutional interestThe broader Bitcoin ETF market recorded a net inflow surpassing $170 million during the most recent session. BlackRock’s purchase accounted for the largest portion of this, reinforcing its leading position among ETF providers such as Fidelity and Grayscale.
ETF ProviderNet Inflow (Latest Session)BlackRock$111.43 millionAll Providers (Total)$170 million+Institutional appetite for Bitcoin appears to be rising, even as the cryptocurrency’s price remains volatile. Analysts are monitoring whether these inflows will drive further price recovery or if the current uptrend is temporary.
August outlook for BitcoinDespite recent buying activity, caution remains regarding Bitcoin’s performance in August. Historically, August has often been a difficult month for the digital asset. Since 2022, Bitcoin has posted consistent losses in August, which has fueled skepticism among investors about the likelihood of a strong rebound this month.
However, Bitcoin started the current month on a stronger note, rising 1.37% as of August 4. Market participants are now watching to see if this early momentum will continue and help Bitcoin achieve a more positive return by the end of August, potentially breaking its recent negative trend for the month.
Expectations for August remain mixed, as Bitcoin is attempting to overcome a historical pattern of poor performance during this period, with the current modest gain raising the possibility of a rare positive August finish.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bernstein uvedl, že pozastavení schvalování datových center v Texasu bude mít na většinu bitcoinových těžařů jen omezený dopad, protože většina tamních lokalit už má schválenou kapacitu elektřiny. Schválená kapacita elektřiny se podle analytiků stává vzácnějším aktivem.
PANews, August 4 — According to Cointelegraph, Bernstein analysts said that Texas’s suspension of approvals for data center projects connecting to the state grid is expected to have no significant impact on most bitcoin mining companies, because most Texas mining sites already have approved power capacity contracts.
Previously, Texas Governor Greg Abbott asked the Public Utility Commission of Texas (PUCT) and grid operator ERCOT to review all data center projects applying to connect to the grid, in response to the power strain and public backlash caused by the rapid expansion of data centers.
Bernstein believes the review will limit speculative data center projects, while projects with a development history and already approved power resources will become more valuable. Bitcoin mining companies, with their long construction cycles, self-built infrastructure, and local operating experience, may benefit from this.
Analysts pointed out that companies such as Cipher Mining (CIFR), Core Scientific (CORZ), and CleanSpark (CLSK) may face some approval pressure for their future expansion plans, while IREN (IREN) and Riot Platforms (RIOT) may have a stronger competitive advantage because they already have power capacity approved by ERCOT.
Bernstein stated that as approvals for new data center projects tighten, approved power capacity (MW) will become an increasingly scarce asset.
Tether za 2. čtvrtletí 2026 vykázal čistý provozní zisk asi 1,5 miliardy USD a zvýšil zlaté rezervy o 14 tun na více než 146 tun. USDT v oběhu dosáhl zhruba 184,6 miliardy USD.
Digital assets firm Tether has released its second-quarter 2026 financial figures, highlighting steady operational results and strategic adjustments to its reserve portfolio. The company, known for issuing the USDT stablecoin, recorded approximately $1.5 billion in net operating profit for the three months ending June 30, 2026.
This performance was primarily fueled by income generated from its substantial holdings of US Treasury securities and repurchase agreement activities.
According to the attestation prepared by independent accounting firm BDO, Tether’s total assets stood at roughly $187.75 billion at the close of the quarter.
Liabilities totaled about $183.64 billion, the bulk of which related to issued digital tokens.
This left a reserve surplus of approximately $4.11 billion, confirming that assets continued to exceed obligations despite market fluctuations.
Circulating USDT reached about $184.6 billion, representing a modest increase of roughly $446 million from the prior quarter and pushing the token’s share of the overall stablecoin market above 60 percent even as the broader sector experienced contraction.
A notable development involved the expansion of physical gold holdings. Tether acquired an additional 14 tons of bullion during the period, elevating its total gold reserves to more than 146 tons.
These holdings were valued at around $18.8 billion at quarter-end.
The move underscores gold’s growing role within the company’s diversified reserve strategy, which remains heavily weighted toward short-duration, high-quality liquid assets such as US government-backed instruments.
Concurrently, Tether reduced its exposure to secured lending by approximately $2.38 billion, equivalent to a 15 percent decline.CEO Paolo Ardoino emphasized the resilience of the firm’s approach amid volatility in both gold and Bitcoin markets.
He noted that USDT stayed fully backed throughout the quarter, with reserves still surpassing liabilities by $4.11 billion.
Ardoino highlighted the strong contribution from Treasury and repo performance, the continued status as one of the world’s largest purchasers of US Treasuries, the gold additions, and growth in the global user base exceeding 30 million additional participants.
These outcomes, he stated, illustrate the company’s liquidity, discipline, and capacity to navigate market cycles while supporting hundreds of millions of users worldwide.
The attestation also reaffirmed that the majority of reserves are allocated to instruments providing ready liquidity for potential redemptions under varying conditions.
Work continued on a more comprehensive Big Four audit process, alongside broader efforts to develop technology and financial infrastructure.
Bitcoin holdings increased modestly during the quarter as well, though market price movements affected the reported dollar valuations of both gold and Bitcoin positions.
The Q2 results portray a stablecoin issuer maintaining operational strength and actively refining its asset mix.
By prioritizing high-quality liquid assets while selectively increasing exposure to physical gold, Tether aims to balance yield generation with resilience.
The reported profit and reserve buffer provide further evidence of the digital asset firm’s ability to generate returns from traditional fixed-income instruments even as it expands into alternative store-of-value assets. User growth and market-share gains for USDT further signal sustained demand for its products across global markets.
Intesa Sanpaolo prudce snížila expozici vůči Bitcoin ETF a zároveň více než ztrojnásobila podíl ve staked Ethereum fondu. Solana téměř zmizela, zatímco XRP zůstalo beze změny.
Intesa Sanpaolo, Italy’s largest banking group, has significantly changed the composition of its crypto exchange-traded fund (ETF) holdings, according to its latest mandatory disclosure to US regulators.
Sharp reduction in Bitcoin ETF exposureAccording to the Form 13F filed with the US Securities and Exchange Commission (SEC) on July 31, the bank’s common shareholding in the iShares Bitcoin Trust fund fell dramatically between March and June. The reported position decreased from 646,809 shares on March 31 to 40,723 by June 30, marking an approximate 94% reduction.
Intesa Sanpaolo also reduced its exposure through call options. The underlying share count tied to these positions fell steeply, from 2,496,500 to 18,000, which reflects a drop of over 99%. Additionally, the June filing introduced a new put option tied to 500,000 underlying shares, a position that did not appear in earlier disclosures.
Asset/PositionMarch 31 HoldingsJune 30 HoldingsChange (%)iShares Bitcoin Trust (Common Shares)646,80940,723-93.7%iShares Bitcoin Trust (Call Options)2,496,50018,000-99.3%iShares Bitcoin Trust (Put Options)0500,000New PositionThe Form 13F report, a quarterly filing required by institutional investment managers with at least $100 million in assets under management, only reveals positions held as of the end of the reporting period. It does not specify strike prices, expiry dates, or whether options were sold short, leaving the bank’s precise strategy and risk exposure open to interpretation.
Intesa Sanpaolo is Italy’s leading financial institution, with operations spanning commercial banking, asset management, and insurance in Europe and beyond.
Ethereum positions surge as Solana holdings all but disappearWhile reducing its Bitcoin ETF exposure, Intesa Sanpaolo increased its stake in the iShares Staked Ethereum Trust fund. The bank tripled its holding, from 116,200 shares on March 31 to 349,600 shares at the end of June.
Meanwhile, its investment in the Bitwise Solana Staking ETF was almost entirely eliminated, dropping from 2,817 shares to just seven between quarters. Holdings of the Grayscale XRP Trust ETF remained steady at 712,319 shares, showing little to no movement after accounting for possible trading activity that left the quarter-end balance unchanged.
ETFMarch 31 SharesJune 30 SharesChangeiShares Staked Ethereum Trust116,200349,600+201%Bitwise Solana Staking ETF2,8177-99.8%Grayscale XRP Trust ETF712,319712,3190% Intesa Sanpaolo reported a sharp reduction in both its Bitcoin ETF and call option positions, while increasing its staked Ethereum fund exposure more than threefold. The bank’s Solana holdings nearly vanished, with XRP balances remaining unaltered over the quarter.
Form 13F filings reveal only a snapshot at the end of each quarter, presenting limited insight into daily trading or rationale behind trades. The filings do not capture written or short option strategies and lack detail concerning strike prices or expiration dates.
Due to these disclosure gaps, outside observers cannot definitively calculate the bank’s net exposure to any crypto asset based only on publicly available records.
Nevertheless, the data show Intesa Sanpaolo’s declared crypto investments now favor staked Ethereum over Bitcoin, with dramatically reduced exposure to Solana and steady XRP holdings.
Mini dictionary: Form 13F, a quarterly report that US institutional investment managers managing at least $100 million in certain securities must file with the SEC, disclosing their equity holdings as of the quarter’s end.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Tyler Williams, klíčový poradce amerického ministerstva financí pro digitální aktiva a blockchain, byl jmenován 26. února 2025 a po zhruba 17 měsících odchází z funkce. Jeho odchod může zpomalit práci na regulaci stablecoinů i plánu federální bitcoinové rezervy.
Tyler Williams, the counselor to the Treasury Secretary responsible for steering the department’s digital asset and blockchain policy, has left his position after roughly 17 months on the job. His exit removes one of the most influential voices shaping US crypto regulation at a moment when several major initiatives, from a federal Bitcoin reserve to stablecoin legislation, remain works in progress.
From Galaxy Digital to the Treasury and back out Williams was appointed on February 26, 2025, stepping into a role that put him at the intersection of the Trump administration’s aggressive digital asset agenda and the institutional machinery of the Treasury Department. Before joining the administration, Williams served as Global Head of Policy and Regulatory Counsel at Galaxy Digital, one of the largest crypto-native financial firms in the world.
He also had prior government experience. During Trump’s first term, Williams held the title of Deputy Assistant Secretary for Financial Institutions Policy, giving him a rare combination of both public-sector credibility and private-sector crypto fluency.
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During his tenure, Williams was involved in several of the administration’s marquee crypto priorities. He contributed to the Digital Asset Market Clarity Act, a piece of legislation aimed at finally drawing clean jurisdictional lines between the SEC and CFTC. He also played a role in discussions around establishing a federal Bitcoin reserve. After approximately 17 months, he was gone. No splashy resignation letter. No successor announcement.
What Williams was working on The stablecoin legislation push has been one of the administration’s clearest policy priorities, aimed at creating a federal framework for stablecoin issuers rather than the patchwork of state-by-state regulation that currently exists. Williams was a central figure in those conversations, helping to coordinate the Treasury’s position with lawmakers on Capitol Hill.
The Digital Asset Market Clarity Act, which Williams contributed to, attempts to answer a question the industry has been asking for years: when is a token a security, and when is it a commodity? Williams was also reportedly involved in the planning stages of the federal Bitcoin reserve effort, helping to evaluate the mechanics and risks of such a program.
What crypto investors should watch The most immediate question is who replaces Williams, and how quickly. A fast appointment of someone with comparable expertise would signal that the administration’s crypto priorities remain intact. A prolonged vacancy would suggest the opposite.
Traders should also monitor the legislative calendar. If the Digital Asset Market Clarity Act or stablecoin legislation begins to lose momentum in congressional committees, that could be an indirect consequence of weakened Treasury advocacy. For Bitcoin specifically, the federal reserve concept required sustained internal championing at the Treasury level. Without Williams in the room making the case, the idea could easily lose priority among competing demands for the Secretary’s attention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hashdex ukončuje Bitcoin ETF, který měl k 30. červenci asi 14,7 milionu USD. Po 17. srpnu bude fond stažen z burzy a později vyplatí hotovostní likvidační podíl.
The ETF managed approximately $14.7 million as of July 30.
Key Dates Aug 17: Last trading day on NYSE Arca After Aug 17: Fund will stop accepting creation orders and will be delisted Around Aug 28: Remaining shareholders will receive a cash liquidation distribution after the fund sells its bitcoin holdings QUICK CONTEXT: Crypto ETF Competition IntensifiesHashdex’s decision underscores how difficult it has become for smaller spot Bitcoin ETFs to compete in an increasingly concentrated market. Since U.S. spot Bitcoin ETFs debuted, asset gathering has largely favored the biggest issuers, with investors gravitating toward funds offering deep liquidity, tighter spreads and lower costs.
With just $14.7 million in assets, the Hashdex Bitcoin ETF remained well below the scale typically needed to cover operating expenses and attract sustained trading activity. Fund closures are a common outcome for ETFs that fail to reach critical mass, even when the underlying asset class remains popular.
The liquidation does not signal Hashdex’s exit from the U.S. market. The firm said it continues to manage more than $200 million in assets for U.S. investors and regularly reviews its product lineup to ensure each fund aligns with its broader index-based strategy. The move highlights the growing importance of scale in the crypto ETF industry, where investor flows have increasingly concentrated in a handful of dominant products.
Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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American Bitcoin (@ABTC), the Trump-backed Bitcoin mining and treasury company listed on Nasdaq, reported its strongest production quarter on record while still posting a significant net loss, underscoring the tension between operational momentum and Bitcoin price headwinds.
Record production, but losses persist The company mined approximately 932 $BTC in Q2 2026, its highest quarterly production on record, up from around 817 Bitcoin mined in Q1 2026. Mining revenue climbed to $67.0 million, an increase of roughly 8% from $62.1 million in the prior quarter. Cost to mine came in at approximately $36,500 per Bitcoin in Q2, essentially flat versus the $36,200 recorded in Q1.
The Miami-based company, co-founded by @EricTrump, reported a net loss of $57.2 million for the quarter, narrowing from the $81.8 million loss recorded in Q1, though the bottom line remained deep in negative territory as a $71.2 million non-cash loss on digital assets absorbed almost the entirety of its operating income. Bitcoin's price fell about 11% during the three months of the quarter, a key factor behind the shortfall.
Treasury grows, leadership changes American Bitcoin closed the quarter holding approximately 8,002 $BTC, up from 7,021 at the end of March, a 14% sequential increase. At prevailing prices, that stockpile is worth roughly $512 million. The 14% increase in a single quarter suggests the company is mining and holding rather than selling into the market to cover operational costs.
American Bitcoin Corp. is a majority-owned subsidiary of Hut 8 Corp. Rather than build data centres of its own, it runs on Hut 8's existing infrastructure, which is intended to give it lower costs than a mining firm starting from scratch.
The quarter also brought a notable leadership change. President Matt Prusak announced his departure to join AI energy firm Giga Energy. @EricTrump, who serves as co-founder and chief strategy officer, has repeatedly stated the goal is to build the preeminent American Bitcoin powerhouse. CEO Mike Ho said the company's view is straightforward: Bitcoin is a growing capital asset, and despite headwinds in Q2, the team delivered its highest quarterly production on record and grew its strategic reserve past 8,000 Bitcoin.
American Bitcoin completed a 1-for-15 reverse stock split last month to maintain its Nasdaq listing after its shares fell below the exchange's minimum bid requirement. The Q2 results also came in well below Wall Street expectations, with analysts having forecast EBITDA of $113.8 million and normalized earnings of $0.30 per share.
Sources:
American Bitcoin Q2 2026 Results, PR Newswire
Trumps' American Bitcoin Posts Record BTC Output, Narrows Q2 Loss, CoinTelegraph
American Bitcoin posts $57.2 million Q2 loss while its Bitcoin stash tops 8,000, Cryptopolitan
Michael Saylor řekl, že jeho pravidlo „nikdy neprodávej Bitcoin“ platí pro jednotlivce, ne pro veřejnou firmu Strategy. Dodal, že sám neprodal ani jeden satoshi.
Strategy co-founder and executive chairman Michael Saylor breaks silence on personal Bitcoin holdings amid relentless criticism.
Billionaire Michael Saylor-led Strategy (Nasdaq: MSTR) again sold Bitcoin (BTC) last week as the leading cryptocurrency's price failed to recover.
The world's largest Bitcoin treasury company sold 1,638 BTC for $104.73 million during July 27–Aug. 2.
This is the third time the company has sold Bitcoin this year. Earlier, it sold 32 BTC for about $2.5 million during May 26–31 and 3,588 BTC for $216 million during June 29–July 3.
The firm previously extended its Bitcoin acquisition pause to five weeks ending July 26.
With 843,138 BTC on its balance sheet, Strategy is still the world's largest Bitcoin treasury.
Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryAfter Coldcard exploit, crypto billionaire issues stark warningMajor crypto exchange eyes IPO amid market slumpWhat Michael Saylor said on personal Bitcoin holdings However, the Bitcoin sales have provoked sharp reactions from within the crypto industry, who questioned Saylor about violating his creed of never selling Bitcoin.
In February last year, he most famously posted on X, "Sell a kidney if you must, but keep the Bitcoin."
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After the latest Bitcoin sale, Saylor finally broke his silence and said in an Aug. 3 post that the "never sell your Bitcoin" creed only applied to individual savers, not a public company like Strategy.
"I have never sold mine. Not one satoshi," Saylor disclosed.
On the other hand, Strategy disclosed in 2020 itself that it may buy or sell Bitcoin to manage capital, he added the disclaimer.
"Our shared conviction in Bitcoin remains unchanged," the billionaire entrepreneur seemed to double down on his faith in the cryptocurrency in the face of relentless public criticism.
Last week, Strategy reported its financial results for Q2 2026, and it posted a net loss of $8.22 billion. The company attributed almost all of the operating loss to an $8.32 billion unrealized loss on its Bitcoin holdings.
It posted a diluted loss of $24.45 per share, much higher than the estimated loss of $2.19 per share.
BTC/USD, Source: Decibel
BTC was trading at $63,900 at the time of writing, around 50% lower than its all-time high (ATH) of $126,080 it hit on Oct. 6, 2025.
Strategy prodala zhruba 1 638 BTC za asi 104,7 milionu USD a zvýšila hotovostní zásoby z 3,2 miliardy na 4,0 miliardy USD. Peníze použila na zpětný odkup preferenčních akcií a výplatu dividend.
For the better part of six years, Michael Saylor’s playbook was simple: buy Bitcoin, then buy more Bitcoin. Strategy, the company formerly known as MicroStrategy, built its entire corporate identity around relentless accumulation. Now it’s selling.
The company offloaded approximately 1,638 BTC for around $104.7 million in late July and early August 2026, boosting its USD cash reserves from $3.2 billion to $4.0 billion.
Where the money is going The Bitcoin sale wasn’t about cashing out for a yacht. About $81 million of the proceeds went toward repurchasing preferred shares and paying dividends on its STRC preferred stock, the financial instrument Strategy created as part of its capital structure expansion.
The company also raised $290.6 million through common stock sales during the same period.
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This wasn’t even the first sale. Back in June 2026, Strategy sold 32 BTC for roughly $2.5 million specifically to cover STRC preferred distributions. That transaction was small enough to fly under the radar. The latest sale, at 50 times the size, is harder to ignore.
After the sale, Strategy still holds 842,138 BTC.
The debt cleanup The Bitcoin sales are only one piece of a broader capital restructuring effort. In May 2026, Strategy repurchased $1.5 billion in 0% convertible senior notes due 2029, paying $1.38 billion for them. The discount, about $120 million, is the kind of trade that makes CFOs look smart at board meetings.
That debt buyback was funded from existing cash reserves, not from new Bitcoin purchases.
The company has also overhauled how it reports its Bitcoin exposure. Instead of simply trumpeting total BTC held, Strategy now provides net exposure figures that account for senior claims like preferred stock and convertible debt.
Why the shift matters Strategy has preferred shareholders expecting dividends. It has convertible debt holders with claims on the balance sheet. It has a $4 billion cash pile that needs to earn its keep. Managing all of this requires selling Bitcoin sometimes, and that’s a fundamentally different posture than “never sell.”
Strategy has been the single largest corporate Bitcoin holder for years, and its buying activity has at times moved markets. If the company shifts from net buyer to occasional seller, that removes a reliable source of demand that traders have come to expect.
For Strategy’s own shareholders, the restructuring creates a different risk profile. The company is less of a pure-play Bitcoin bet and more of a complex financial entity with multiple classes of securities, each with different claims on the underlying assets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Boltz na dobu neurčitou pozastavil swapy mezi Bitcoinem, Lightning Network a Liquid kvůli měsícům automatizovaných útoků pomocí AI. Peněženky jako Bull Bitcoin, Aqua a ZEUS teď spěšně obnovují funkce Lightning a Liquid.
The non-custodial swap service said attackers now iterate faster than its team can patch, leaving wallets including Aqua and Bull Bitcoin racing to restore Lightning and Liquid swaps.
Boltz, the non-custodial bridge that routes swaps between bitcoin's mainchain, the Lightning Network and Liquid, disabled its service indefinitely on Monday, saying months of automated, AI-assisted attacks on its infrastructure have outpaced its ability to ship fixes.
Boltz first took its swap services offline at 5:54 am ET on Aug. 3 without explanation. In a follow-up statement about six hours later, the team said the suspension will last "until further notice" and described a months-long pattern of intrusions.
"Over the past months we have seen a steady rise in automated, AI-assisted probing of our infrastructure, and we have dealt with several exploits," the team wrote. "Each was contained, but the pattern is clear: attackers now iterate faster than a team our size can find and patch."
The shutdown cuts off the swap rails behind Lightning and Liquid payments in wallets such as Bull Bitcoin and Aqua, and it attaches a name to a fear that has been building among open-source developers: small teams defending public codebases against attackers armed with AI tooling.
The team said the pressure intensified in recent days as it found itself "actively targeted by what appear to be multiple resourceful groups," and that after reviewing its own security scans it "cannot responsibly re-enable Boltz swaps."
"What we are seeing is a major paradigm shift for Bitcoin services operating on an open source stack, and it needs careful analysis," the statement said. "Do not expect swap services to resume shortly."
'The Losses Were Ours Alone'Boltz said the exploits it contained cost the company money but never put user funds in danger, since its atomic swap design leaves users in control of their coins throughout a swap.
"To be explicit: no user funds were ever at risk. Boltz is non-custodial by design. And as a fully bootstrapped company, the losses were ours alone," the team wrote.
The Boltz API remains online to process refunds for in-flight swaps cooperatively, and the team noted that unilateral refunds work without its infrastructure.
The disclosure recasts an Aug. 1 notice in which Boltz disabled its EVM swaps — USDT, USDC, TBTC, WBTC and RBTC — citing "a bug in our EVM integration" while assuring users that Lightning, Liquid and onchain BTC swaps were running normally.
Boltz launched in April 2019 and grew into becoming the default swap plumbing across bitcoin's layers, adding Rootstock, chain swaps between Liquid and the mainchain, a BTCPay Server plugin, and stablecoin swaps on Tron, Solana and EVM chains.
Wallets Scramble for RailsWallets that lean on Boltz as a backend moved within hours. Francis Pouliot, CEO of Bull Bitcoin, said the company is "immediately shifting our priorities" to restore Lightning payments and Liquid-to-bitcoin swaps for its wallet users, warning that until then those functions will fail without explanation. Because Bull Bitcoin is a member of the Liquid federation, he said, no user funds will be stuck on Liquid.
"I will not let this situation linger. I will fix it, no matter what it takes," Pouliot wrote.
Samson Mow, CEO of JAN3, the firm behind the Aqua wallet, said restoring Liquid and Lightning swaps is the team's top priority and that Aqua has "offered to help Boltz address issues in their infrastructure." User funds on Aqua remain safe and under user control, he said.
Lightning wallet ZEUS, which runs its own instance of Boltz's open-source stack, took it offline as well. "We're following suit with our instance at swaps.zeuslsp.com," the team wrote.
Bitcoin educator BTC Sessions summed up the immediate damage: wallets using Boltz for Lightning swaps "will not function as expected now," while Liquid transactions themselves keep working.
'The Token War'The suspension lands in the middle of the worst week for bitcoin security in years. An exploit of Coldcard hardware wallets, traced to a 2021 firmware bug that made seed phrases guessable, has drained roughly $114 million in BTC since July 30, with a fourth wave of thefts hitting Monday.
Pouliot drew the line between the two events directly: "First, the Coldcard exploit. Now, a critical piece of Lightning infrastructure goes offline. We are undoubtedly on the losing end of the Token War."
Lucas Ferreira, executive director of bitcoin research and development nonprofit Vinteum, said the episode shows the resource gap facing bitcoin's infrastructure builders. "Boltz has a brilliant team, but it's a small team facing increasingly sophisticated, AI-powered groups of hackers," he wrote. "We'll need more funding for the open-source space if we want our infrastructure to remain secure and resilient."
Better a Coinbase spustily kryptopůjčky zajištěné kryptoměnami, které umožňují zastavit Bitcoin nebo USDC jako zajištění. Sedm senátorů vyzvalo FHFA, aby schválení zrušila a zakázala Fannie Mae a Freddie Mac nést krypto riziko.
A woman walks past an office of Countrywide banking and home loans in Sun City, Arizona, 27 October 2007. Mortgage behemoth Countrywide Financial reported a quarterly loss of over one billion USD 26 October, its first shortfall in 25 years, but projected profits ahead as conditions improve. The largest US mortgage finance group, which has seen its finances ravaged by a persistent housing slump, disclosed a third quarter loss of 1.2 billion USD compared with a profit of 648 million USD for the same period a year ago. AFP PHOTO / Richard A. BROOKS (Photo credit should read RICHARD A. BROOKS/AFP via Getty Images)
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Vishal Garg went to buy a house about twelve years ago and ran into a wall he has been arguing with ever since.
"It was like, wait, I'm gonna have to sell all this stuff. That and pay capital gains on it. And then take the cash. To put it in the house," the Better Home & Finance chief executive said in an interview. "Why can't I just pledge the stuff. Instead of cash?"
Worse, he said, was the sequencing. "What if you don't win the house that you're gonna buy? But the broker's like, yeah, you got to get the money in cash. Otherwise, you know, the seller's not going to take your bid seriously." A buyer sells the assets, books the tax, and only then finds out whether the bid was accepted.
In March, Better and Coinbase announced a fix. Borrowers pledge bitcoin or USDC and get two loans: a conforming first-lien mortgage written to Fannie Mae's guidelines, and a separate privately financed loan that funds the cash down payment, secured by the tokens and by a second lien on the house. The Wall Street Journal reported the same day that Fannie Mae would accept crypto-backed mortgages for the first time. The first loan closed in early June for a couple in their early thirties in Ann Arbor, Michigan. Better says the waitlist ahead of the summer rollout represented roughly $250 million in potential volume, and that 41% of those applicants did not have enough cash for a down payment.
Garg is blunt about where the money to buy these loans comes from. "This is a bank eligible asset. We have Banks lined up to buy these. And fund these. Some of the biggest banks in the country," he said. He expects it to be the route by which "digital assets make their way into the banking system."
What it actually costsThe collateral ratios explain who the product is for. Pledging bitcoin requires 250% of the down payment amount, so a $100,000 down-payment loan needs $250,000 of BTC. USDC, which does not move, requires 125%. There are no margin calls, and a falling bitcoin price does not change the mortgage terms. Liquidation is triggered only by a 60-day payment delinquency, the same trigger as a conforming loan.
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That is a coherent design, and it describes a borrower who is short of cash rather than short of money. Redfin found 12.7% of young recent buyers had used cryptocurrency to help fund a down payment. The National Association of Realtors put the median first-time buyer age at an all-time high of 40 in late 2025, with first-timers a record-low 21% of buyers, a figure the Mortgage Bankers Association disputes using federal loan data. Census figures put homeownership among households under 35 at 35.2% in the second quarter of this year.
Lending against an asset the borrower keeps using is not new. Doug Ricket, CEO and co-founder of PayJoy, said on the On The Margin podcast that a phone can do the job a house does. "Our original invention was we secured the smartphone. Like the smartphone is kind of like the house for a mortgage," he said. PayJoy underwrites thin-file borrowers across Latin America, Africa and South Asia by locking the handset if payments lapse, a model better known as digital collateral.
Ricket draws a hard line on how that collateral gets priced. "One way to lend to the poor is to charge a thousand percent interest rate and have a lot of them default, but you make money on the few stupid people you catch and you squeeze all the money out of them. And that's not the payjoy way," he said. PayJoy's loans carry a one-time fixed finance charge and "0% accruing interest," which is unusual in tech-enabled consumer credit.
Seven senators want it rescindedOn April 30, seven senators wrote to Federal Housing Finance Agency Director William Pulte, naming Better and Coinbase, and asked him to "rescind any approval of this decision and prohibit the Enterprises from taking on crypto-related asset risks." Dick Durbin and Elizabeth Warren signed first, followed by Jeff Merkley, Chris Van Hollen, Richard Blumenthal, Bernie Sanders and Mazie Hirono.
Their objection turns on the same 250% number Better presents as prudence. The structure "requires a homebuyer to pay up to an additional 2.5 times the dollar amount in crypto to qualify for the loan," the senators wrote. "This not only inherently concedes that crypto is a risky asset, but in addition, forces a homebuyer to pay interest on two loans." They estimated the combined financing "could run as much as 1.5 percent higher than the standard Fannie Mae mortgage," and warned that this "incentivizes borrowers to simply walk away from their loan, leaving the American taxpayer to pay the price." They asked for answers by May 30. FHFA has not published a response.
Alys Cohen of the National Consumer Law Center and Corey Frayer of the Consumer Federation of America went further in a June op-ed, writing that the federal government "risks repeating the mistakes that led to the 2008 foreclosure crisis." Their verdict: "That is not an innovation for consumers, it is an invitation for disaster."
The market has not helped the pitch. Bitcoin hit roughly $123,000 last October and traded near $62,800 in February. It has spent July in the low $60,000s, around half its high.
Where Garg wants to take itBitcoin is the opening position. "We do Bitcoin and USDC and there are plans to do all major token assets. So SpaceX stock, Tesla stock coinbase stock better stock. Apple stock, Amazon stock top 50 companies," Garg said. Not memecoins: something with "liquidity" and "institutional following." Ethereum and Solana are next.
He goes further than that. Parents will pledge retirement accounts so their children can buy, he said, an idea that sits alongside the growing market for crypto in retirement accounts. Buyers will photograph a house and let software do the rest. "Have your AI agent apply on better.com. And, you know, be able to say, like, okay, you can bid up to this much for this house," he said. Eventually people will own fractions of homes and move between them. "The only reason that doesn't exist today is the friction."
Underneath all of it is a claim about young people and asset allocation. "As a young person today, you are short inflation. Your short home price appreciation," Garg said.
What a pledged token isThe tokenized-equity leg runs into a question nobody has settled, which is what a token actually entitles its holder to. That question is live right now in the tokenization of everything trade.
Chan Ahn, founder and CEO of Tessera, said on the On The Margin podcast that his firm launched a tokenized SpaceX product in February. He is candid about how it works. "There's no KYC process, and this is intentional, not an oversight," he said. His case for it is access: the private market "was always gate kept to top 0.1 % through paperwork, minimum tickets and geography."
Chris Turner, co-founder of Kula, said on the On The Margin podcast that most tokenized assets are a claim rather than a holding. "It's giving a contractual exposure to the economic upside of that particular asset. But you don't own the asset," he said. What he builds instead is the other thing: "You own the token and the token is the asset, you own the asset. It's different."
A mortgage underwriter pricing collateral needs to know which of those two it is holding.
The other half of the tradeBetter is rewiring its funding at the same time. In February it agreed a partnership with Framework Ventures to deploy up to $500 million through Sky's stablecoin ecosystem, with Framework taking a $45 million stake of roughly 10%. Better expects the shift to cut its cost of capital by more than 100 basis points and has said tokenized funding could put customer rates below 5% while the industry charges above 6%.
It needs the help. Better funded $1.64 billion of loans in the first quarter, up 89% year over year, on $47.5 million of revenue, and still lost about $70 million. Its market capitalization is around $400 million. The company says it has funded more than $110 billion since 2016, and it fired roughly 900 employees on a Zoom call in December 2021, a moment Garg has spent years answering for.
None of which appears to have dented his appetite for the bet. "The risk is we make a product and no one comes, but that's not, that's not what's happened," he said. And on the future generally: "It's not important to think about the future. It's important to make the future happen."
Bitget has upgraded BGBTC, its yield-bearing Bitcoin asset, with daily BTC rewards, faster large-volume redemptions and stronger risk controls. The exchange has also selected Chainlink CCIP as its main cross-chain infrastructure. The move places BGBTC at the center of a wider shift: Bitcoin is increasingly expected to remain liquid, productive and usable across several financial activities.
In brief Bitget has upgraded BGBTC with daily BTC rewards and faster redemptions. Chainlink CCIP will support BGBTC’s secure cross-chain distribution. Gauntlet will provide independent oversight of the underlying yield strategies. Bitget turns idle Bitcoin into a more flexible capital asset Bitget developed BGBTC around a simple problem. Bitcoin holders often have to choose between keeping BTC untouched or moving it into separate yield strategies that add complexity and risk. The new model follows the same capital-efficiency logic seen when Bitget expanded tokenized equities into broader margin and yield use cases.
BGBTC is backed 1:1 by Bitcoin and distributes daily rewards denominated in BTC. Users therefore keep exposure to Bitcoin while receiving a return generated through the product’s underlying strategies. The structure is designed to make long-term holdings more productive without converting rewards into a separate token or fiat currency.
The asset also has uses beyond passive holding. Bitget says BGBTC can serve as futures margin, lending collateral and an eligible asset for Launchpool and PoolX. This means the same Bitcoin-backed position can support several activities instead of remaining isolated inside an earn account.
That flexibility changes the economic role of BTC on the platform. BGBTC is not merely a wrapped representation designed for transfers. It becomes working capital. A holder can maintain Bitcoin exposure, earn BTC rewards and deploy the asset elsewhere within the Bitget ecosystem.
Chainlink CCIP expands distribution while Gauntlet watches risk The most technical part of the upgrade is Bitget’s adoption of Chainlink’s Cross-Chain Interoperability Protocol. CCIP will act as the canonical infrastructure for moving BGBTC across supported networks. Bitget already uses Chainlink Proof of Reserve, which provides an additional transparency layer around the assets backing the product.
Cross-chain distribution matters because yield-bearing Bitcoin becomes less useful when it remains trapped on one platform or blockchain. CCIP is intended to give BGBTC a standardized route into a wider multi-chain environment. This could increase its potential use in lending, collateral management and decentralized applications.
Chainlink has already positioned CCIP and Proof of Reserve as core tools for connecting tokenized assets across networks. Its growing role in institutional infrastructure was also visible as Chainlink strengthened its technical position in the real-world asset market.
Bitget is pairing that infrastructure with an independent Curator framework. Gauntlet, a quantitative risk-management company active in decentralized finance, will oversee the strategies supporting BGBTC’s yield. The arrangement separates strategy monitoring from asset custody and introduces outside review into the product’s operation.
This distinction is important. A 1:1 Bitcoin reserve explains what backs BGBTC, but it does not by itself explain how rewards are produced. The Curator is expected to assess portfolio exposure, monitor risk and support the sustainability of the yield strategies. That oversight does not eliminate risk, but it creates clearer responsibility around how the underlying capital is managed.
Bitget pushes Bitcoin from passive ownership to active yield BGBTC reflects a broader change in the Bitcoin market. Holding BTC was once treated as the final strategy. Today, exchanges, asset managers and DeFi platforms increasingly want Bitcoin to generate income, secure loans or support derivatives positions without being sold.
Bitget is building around that demand. Large-volume fast redemption is meant to improve liquidity for bigger users, while daily BTC rewards make performance easier to track. Futures margin and lending utility also give BGBTC several sources of practical demand inside the platform.
However, active yield introduces questions that passive custody does not. Users need to understand where returns come from, how redemption works under stress and what happens if an underlying strategy performs poorly. Proof of reserves confirms backing, but it should be accompanied by clear reporting on yield sources, fees and risk exposure.
The upgrade therefore represents more than a new Bitcoin product. It connects centralized custody, decentralized infrastructure and professional risk management within one structure. That matches the wider direction already visible as Bitget combines crypto and traditional markets through its Universal Exchange strategy. BGBTC gives that model a Bitcoin-focused layer, where the asset can generate rewards while remaining available for trading and collateral. The real test will not be the initial yield. It will be whether Bitget can preserve liquidity, transparency and reliable redemptions when market conditions become difficult. Active Bitcoin is attractive when markets are calm. Its credibility is built when volatility returns.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Menší bitcoinové převody pod 1 BTC dosáhly nejvyšší denní úrovně od listopadu 2022, když se přesunulo 39 600 BTC. Současně podezření na prolomení zabezpečení Coldcard dál zvyšuje obavy o bezpečnost self-custody.
Smaller Bitcoin transfers have reached levels not seen since the collapse of cryptocurrency exchange FTX amid an ongoing suspected Coldcard hack.
Bitcoin transfers below 1 BTC climbed to their highest daily level since November 2022 on Friday, with 39,600 BTC moved, according to data shared by CryptoQuant head of research Julio Moreno on Saturday.
The figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy. “The Bitcoin plebs had not moved this amount of BTC in a day since the FTX collapse,” Moreno said, adding that he was encouraged to see users “taking action.”
As the suspected Coldcard hack continues to unfold, the incident has become a broader test for Bitcoin self-custody, reigniting debate over whether users are better protected by controlling their own funds or relying on third-party platforms.
Incident ongoing as Galaxy tracks three attack wavesThe surge in small Bitcoin transfers came as researchers continued to uncover new victims of the suspected Coldcard hack, which first surfaced in late July and appeared to remain active at the time of publication.
Galaxy Research, the research arm of crypto investment company Galaxy Digital, reported Saturday that the latest identified wave drained an additional 207.7 BTC, worth about $13.2 million. The theft brought estimated losses to 1,367 BTC ($88.6 million) across 4,585 addresses.
Alex Thorn, Galaxy Digital’s head of firmwide research, warned in an X post on Sunday that the attack was still ongoing and urged users to move funds from Coldcard-generated addresses immediately if they had not already done so.
Thorn said his team continued to identify new victim and attacker addresses, adding that reports from users had helped researchers and authorities track stolen funds.
Coldcard incident reignites self-custody debateThe suspected Coldcard hack has reignited debate over the risks and benefits of Bitcoin self-custody, a core principle of crypto that allows users to control their funds without relying on third parties.
Nick Neuman, CEO of Bitcoin security company Casa, pushed back against claims that “self-custody is over,” arguing that its distributed nature gave users time to react. He estimated that potentially 10 times more Bitcoin was protected through self-custody than was stolen and identified in the attack so far.
The debate also drew responses from traditional finance supporters. Eric Balchunas, senior ETF analyst at Bloomberg, said that Bitcoin exchange-traded funds (ETFs) provide a safer and more convenient alternative for many users, pointing to the long operating history of the ETF industry. Others pushed back, saying the Coldcard incident was a failure of one wallet provider rather than a failure of self-custody itself.
Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Smarter Web Company has acquired an additional 11.89 Bitcoin, pushing its corporate treasury to 2,712 BTC. This August 3 transaction marks the resumption of strategic accumulation following a temporary reduction in holdings to resolve financing obligations. The purchase aligns with the organization’s multi-year Bitcoin acquisition framework outlined in its 10 Year Plan.
Recent Acquisition Pushes Holdings Beyond Previous Month’s Level According to the company, the purchase price averaged £47,052 per Bitcoin, equivalent to approximately $63,328. This transaction elevated the treasury from precisely 2,700 BTC to its current 2,712 BTC level. BitcoinTreasuries.NET currently positions the organization as the 28th largest corporate Bitcoin holder globally.
This acquisition comes after the firm completed early settlement of its $11.7 million Smarter Convert financing arrangement in July. To fulfill that commitment, management liquidated 177.8909127 BTC at an average price of $65,762 per coin. The transaction eliminated debt obligations ahead of the scheduled maturity date while temporarily decreasing Bitcoin reserves.
Retiring the convertible instrument also eliminated 7,718,551 contingent ordinary shares from the fully diluted share calculation. Investment firm TOBAM along with associated parties facilitated the early settlement arrangement. Nevertheless, company leadership maintained its broader Bitcoin accumulation strategy unchanged despite settling the financing vehicle.
Average Acquisition Cost Exceeds Current Market Valuation Management reports the firm’s net average purchase price at £82,886 per Bitcoin, translating to roughly $111,548 per coin. Bitcoin was trading around $63,000 at the time of this most recent purchase. Therefore, the treasury maintains a substantial unrealized loss based on current market valuations versus historical acquisition costs.
Total gross Bitcoin investments have accumulated to £233.5 million, while net investments stand at £224.8 million following historical disposals. This variance accounts for previous sales, including the July liquidation for convertible settlement. The recent purchase demonstrates management’s commitment to rebuilding reserves after that strategic reduction.
During the second quarter of 2026, the organization recorded a negative 4.80% Bitcoin yield metric. This calculation measures Bitcoin holdings relative to the company’s fully diluted share base. The negative reading indicated declining per-share Bitcoin exposure throughout the quarter.
Credit Facilities Enable Ongoing Digital Asset Accumulation Current borrowing from a Coinbase credit line totals £18.5 million at a floating 6% annual interest rate. This leverage equates to roughly 17% of the firm’s Bitcoin position value. Market price fluctuations and borrowing expenses substantially impact overall treasury performance metrics.
August 3 also saw the company generate £1.016 million through combined share placements and warrant conversions. During this capital raising activity, warrant holders converted 2.875 million instruments into ordinary shares. These transactions brought the total outstanding share count to 374.84 million.
Smarter Web Company initiated systematic Bitcoin acquisitions in 2025 as part of its treasury diversification strategy. Holdings reached 2,470 BTC by September following a 30 BTC purchase and expanded custody arrangements with Coinbase Institutional. An October transaction adding 100 BTC subsequently increased reserves to 2,650 BTC under the same strategic framework.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Coldcard čelí čtvrté koordinované vlně útoků, při níž bylo z 462 adres odčerpáno přibližně 388,9 BTC ve 14 blocích. Některé prostředky už byly přesunuty na jiné adresy.
Coldcard users are facing a fourth wave of organized theft, and the numbers are no longer rounding errors. Alex Thorn, Head of Research at Galaxy Research, flagged a fresh burst of malicious activity that siphoned approximately 388.9 BTC from 462 victim addresses in just 14 blocks—between 960,778 and 960,792. The attack generated 218 transactions funneling bitcoin into 216 previously unseen destinations. Transaction volume spiked to roughly 45 times the pre-incident baseline, leaving little doubt that this was a deliberate, structured operation.
The warning came via the original report, which also notes that some of the stolen funds have already been traced to second-hop addresses. Similar transactions remain pending in the mempool, indicating the sweep isn’t fully processed. Confirmed on-chain activity shows a signaled opt-in for Replace-by-Fee (RBF), a detail that could offer a narrow escape path for victims who act fast.
The Latest Attack Wave What separates this wave from opportunistic theft is the speed and coordination. The 462 addresses were hit in a tight block window, with the outflow moving to destinations that hadn’t been used before. That pattern—fresh addresses, high-velocity consolidation, and volume far above normal—suggests pre-planned scripts rather than a manual actor. The theft occurred on a weekend, when many users may not have been monitoring transactions. Galaxy Research noted that some funds were already swept to second-hop wallets, complicating track-and-trace efforts and making recovery unlikely without immediate intervention.
The RBF flag offers a lifeline, but only for those who notice the attack while their transactions are still replaceable. Users with pending, unconfirmed outgoing transactions that haven’t been broadcast with a low fee could potentially accelerate a competing transaction to a safe address. It’s a slim window, and it requires technical awareness. For most victims, the funds are already gone.
Pattern of Organized Theft This isn’t the first ride for Coldcard owners. According to Galaxy Research, earlier waves identified three separate attack campaigns targeting Coldcard-generated addresses. Cumulatively, those waves drained 1,367.05 BTC from 4,585 addresses—worth roughly $88.6 million at the time of the thefts. The earlier incidents pushed Coldcard to acknowledge a firmware vulnerability that allowed attackers to derive private keys from seeds created on affected devices.
The hardware manufacturer halted shipments and destroyed all remaining COLDCARD devices with the vulnerable firmware. Satscard, Opendime, and Tapsigner products were unaffected. Coldcard released a patched firmware that protects newly generated seeds, but the fix is not retroactive. Any seed created on the vulnerable firmware remains compromised. The firm’s guidance is blunt: create a new seed on patched firmware and move all funds off old seeds immediately. The fourth wave shows that many users have not yet done so, and attackers are exploiting that inertia systematically.
Coldcard’s Response and User Guidance Coldcard’s decision to halt shipments and destroy inventory was a drastic but necessary step that other hardware vendors rarely take publicly. It signaled that the vulnerability was not a theoretical edge case. Yet the patch rollout exposes the friction inherent in self-custody. Users must generate a new seed phrase, a process that forces a complete change of wallet addresses and often requires updating connected software wallets, multisig setups, and backup procedures. That migration is not trivial, and the ongoing attack waves are punishing anyone who delayed.
For those still holding funds on a seed that originated on the vulnerable firmware, the advice from Galaxy Research is urgent: move funds off Coldcard devices now, use higher-than-usual fees to push transactions through, and exploit RBF if your wallet supports it. The address drain in the fourth wave indicates that attackers are actively monitoring the network for remaining balances.
Broader Implications for Self-Custody The Coldcard episode is more than a hardware bug—it exposes the supply-chain and lifecycle risks baked into self-custody. Users trust firmware that ships from a manufacturer, and even open-source verification processes can be skipped. When a seed generation flaw goes unnoticed for months, the subsequent cleanup is messy and slow. The fact that four distinct attack waves could occur, each months apart, suggests that the attacker is patient and has a reliable method for matching seeds to addresses, likely from a dumped extract of the weak randomness period.
What’s still unclear is whether the attacker holds all of the compromised seed list or only a subset, and whether additional vulnerabilities exist in earlier firmware versions that Coldcard hasn’t disclosed. The sustained nature of the attacks indicates that the list may be large, and the 462 addresses in this wave may be only the latest batch. If the attacker continues sweeping systematically, total losses could climb further. For the broader hardware wallet market, the fallout is a reminder that firmware audits and transparent vulnerability reporting are not optional—they are the core of the product’s security promise.
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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Coinbase v první polovině roku 2026 zvýšila držbu na 17 311 BTC o 12,5 %, zatímco držbu Etherea snížila jen mírně na 150 279 ETH. Reálná hodnota kryptoměnového portfolia přesto klesla z 1,99 miliardy USD na 1,47 miliardy USD.
Coinbase increased its Bitcoin holdings during the first half of 2026 even as the overall value of its digital asset portfolio declined. The latest figures show the exchange continues to strengthen its Bitcoin treasury while slightly reducing its Ethereum exposure, signaling a cautious shift in its balance sheet strategy as market conditions remain volatile.
Bitcoin Holdings Rise While Ethereum SlipsAs of June 30, Coinbase held 17,311 BTC, up 12.5% from 15,389 BTC at the end of 2025. The company added 1,922 BTC during the first six months of the year, reinforcing its long-term confidence in Bitcoin.
Ethereum holdings, however, moved in the opposite direction. Coinbase ended the period with 150,279 ETH, down 0.6% from 151,175 ETH at the end of last year. While the reduction is relatively small, it highlights a noticeable divergence in the company’s allocation between the two largest cryptocurrencies.
Despite accumulating more Bitcoin, the fair value of Coinbase’s crypto portfolio dropped from $1.99 billion to $1.47 billion, reflecting the broader decline in digital asset prices during the first half of 2026.
Stronger Treasury, But Business Faces PressureCoinbase recently reported its second-quarter financial results, offering more insight into the company’s performance before entering August.
Revenue came in at $1.22 billion for the quarter ended June 30, down 14% quarter-over-quarter and 19% year-over-year as crypto trading activity slowed across the industry.
The company posted a GAAP net loss of $359 million, although much of the loss stemmed from non-operating items, including a $209.5 million non-cash markdown on crypto assets, $52.4 million in restructuring charges, and $238 million in stock-based compensation.
On an adjusted basis, Coinbase remained profitable, reporting Adjusted EBITDA of $208 million.
Although overall crypto trading activity weakened, Coinbase continued gaining market share. Its share of global crypto trading volume increased to 10.3%, up from 9.1% in the previous quarter, setting a new company record.
The exchange also continued expanding beyond trading. Subscription and services revenue reached $555 million, accounting for 48% of total net revenue. Coinbase noted that 88% of its net revenue now comes from businesses outside Bitcoin spot trading, including staking, stablecoins, subscriptions, derivatives, and other products.
August Remains a Key TestOn the other hand, Coinbase stock entered August after gaining 6.76% in July, recovering from June’s weakness. However, August has historically been its weakest month since listing on Nasdaq.
The stock fell 19.28% in August 2023, 18.27% in August 2024, and 19.38% in August 2025, making this month another important test for investor sentiment.
Wall Street also remains divided. Rosenblatt maintained an Outperform rating with a $240 price target, expecting growth from derivatives and prediction markets. Meanwhile, JPMorgan lowered its target from $283 to $196, citing concerns that Coinbase’s revenue-sharing agreement with Hyperliquid could reduce future income from USDC reserves.
With Bitcoin holdings increasing and Ethereum exposure remaining largely unchanged, Coinbase’s treasury strategy is showing a stronger preference for Bitcoin. Whether that allocation trend continues through the second half of 2026 could become an important development for the market.
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USA uvalily sankce na dvě íránské firmy kvůli údajnému pojistnému systému pro lodě v Hormuzském průlivu, který měl financovat IRGC. Platby podle ministerstva financí zahrnovaly Bitcoin i další digitální aktiva.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Iranian companies central to what it describes as an illicit insurance program targeting commercial ships navigating the Strait of Hormuz.
Announced on July 29, 2026, the designations target entities accused of compelling vessels to purchase coverage framed as protection against risks that Iran itself largely generates, while channeling proceeds toward the Islamic Revolutionary Guard Corps (IRGC).
The sanctioned firms are the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority, also referred to as Hormuz Safe.
According to Treasury officials, these organizations facilitate IRGC-endorsed policies that vessels must obtain to pass through the strategic waterway.
The coverage supposedly addresses threats such as ship seizures, yet authorities emphasize that Iran is primarily responsible for creating those very dangers.
Payments under the arrangement have included Bitcoin and other digital assets, which the regime has used in efforts to circumvent international financial restrictions.
Hormuz Safe, developed under Iran’s Ministry of Economy, markets itself as a provider of digital maritime services encompassing insurance, traffic management, security, and emergency assistance for ships in the strait.
Treasury notes that it accepts cryptocurrency payments specifically to sidestep Western sanctions and generates funds on behalf of the IRGC, thereby enhancing the regime’s influence over regional shipping.
The company was promoted on social media by Babak Morteza Zanjani, an Iranian financier previously sanctioned by the United States.
PGMIC, established by Iran’s primary insurance regulator, the Central Insurance of the Islamic Republic of Iran, acts as a broker for policies approved by the Persian Gulf Strait Authority (PGSA).
The PGSA, an IRGC-linked body, had itself been designated by OFAC in May 2026 for providing material support to the Guard Corps.
Both newly sanctioned companies were targeted under Executive Order 13902 for their activities in Iran’s financial sector.
Treasury Secretary Scott Bessent highlighted the economic pressures facing Iran, stating that with the economy in freefall and inflation reaching triple digits, the regime is urgently seeking revenue sources.
He underscored that the United States will not permit Iran to leverage global commerce or shipping routes to finance IRGC activities involving terrorism, aggression, or internal repression.
In parallel actions, OFAC designated several companies and identified multiple tankers as blocked property for their roles in transporting Iranian crude oil and petroleum products.
These vessels form part of Iran’s shadow fleet, a network used to sustain oil revenues despite sanctions. Since the start of 2026, more than 100 such vessels have faced US designations.
The latest measures aim to reinforce military interdiction efforts and intensify pressure on Iran’s energy sector, aligning with broader maximum pressure policies.
The designations freeze any US-based assets of the targeted entities and generally prohibit American persons from engaging in transactions with them.
Foreign parties risk secondary sanctions exposure for dealings involving the designated firms or vessels.
Officials frame the insurance initiative as an attempt to replace revenues disrupted by prior operations, allowing Iran to extract funds under the appearance of legitimate maritime services while tightening control over one of the world’s critical energy transit points. These steps form part of ongoing U.S. efforts to disrupt Iran’s methods of generating income through the Strait of Hormuz and its associated logistics networks.
Whale Alert hlásí odliv 2 957 BTC z Kraken do neznámých peněženek, což znovu vyvolalo spekulace o akumulaci velkými investory. Binance top tradeři zároveň drželi za posledních 24 hodin 69,33 % long pozic.
Whale Alert reported two major Bitcoin transfers from Kraken totaling 2,957 Bitcoin [BTC], worth approximately $186.6 million, into unknown wallets. The first transaction moved 1,800 BTC valued at $113.56 million, while the second transferred 1,157 BTC worth $73.06 million.
Such withdrawals historically reflected coins leaving exchange custody, reducing immediately available trading supply instead of preparing assets for liquidation. Therefore, the latest movements revived discussion around institutional accumulation rather than short-term distribution.
Large investors often preferred self-custody or custodial wallets after acquiring significant positions, especially during periods of market uncertainty. However, exchange outflows alone never guaranteed sustained upside because broader market participation still determined price direction.
Even so, the combined size of these transfers highlighted renewed confidence among large holders and shifted attention toward whether tightening exchange balances would eventually support Bitcoin’s next directional move.
Why are Binance’s top traders still buying? Derivatives positioning continued favoring buyers despite Bitcoin’s recent pullback from higher levels.
At press time, Binance’s top trader accounts recorded 69.33% long positions against 30.67% shorts, producing a long-to-short ratio of 2.26 over the previous 24 hours. Those figures showed experienced participants maintained bullish exposure instead of aggressively rotating into defensive positions.
However, leveraged conviction alone rarely dictated price because futures traders frequently adjusted positions during volatile sessions. The persistent imbalance suggested many sophisticated traders still expected the broader trend to recover after the recent correction.
Retail sentiment often followed institutional positioning during similar market phases, making these metrics particularly relevant. If spot demand strengthens alongside bullish derivatives exposure, buying pressure could expand further. Otherwise, heavily long positioning could also increase the risk of liquidations during another sharp decline.
Source: CoinGlass Scarcity signals remained firmly intact Bitcoin’s long-term supply metrics continued supporting the broader scarcity narrative despite recent price weakness. The Stock-to-Flow Ratio stood at 917.24K as of writing, although it declined 28.57% over the past 24 hours.
Meanwhile, the Stock-to-Flow Reversion reached 1.6893 after rising 40.47% during the same period. Those daily changes reflected shifts in the model’s readings rather than fundamental changes in Bitcoin’s supply dynamics, indicating that Bitcoin remained a scarce asset relative to its annual issuance.
When combined with the latest 2,957 BTC leaving Kraken, the metrics continued supporting the view that long-term supply conditions remained constructive. However, investors would likely seek confirmation from price action before treating the accumulation narrative as the start of a sustained rally.
Source: CryptoQuant Bitcoin support under pressure? BTC failed to preserve its recovery structure after breaking below the ascending channel that had guided price higher since late June, shifting attention toward the $62,162 support level.
The rejection beneath $66,835 confirmed that sellers regained control before the breakdown accelerated. Parabolic SAR dots also flipped above the daily candles as of writing, reinforcing the bearish shift and indicating the previous uptrend had ended.
Meanwhile, the RSI declined to 46.23, slipping below its signal line at 51.22 and reflecting weakening buying strength without reaching oversold territory. This reading suggested bearish pressure remained dominant, although sellers had not yet reached exhaustion.
If Bitcoin reclaims $65,799 and closes back inside the former channel, buyers could target $66,835 before challenging $70,000. However, losing $62,162 would likely strengthen bearish control and increase the probability of a decline toward the $60,000 psychological support.
Source: TradingView Final Summary Kraken withdrawals reduced exchange-held Bitcoin while traders continued favoring long positions over shorts. Bitcoin’s scarcity metrics continued supporting the long-term outlook despite mixed 24-hour indicator changes.
Market news: Anthropic's annual revenue has risen to $80 billion, and is expected to exceed $100 billion by the end of August.
Market analyst Nick Dorsey revealed that Anthropic's annual recurring revenue (ARR) reached $80 billion as of mid-July, and at this pace, it may exceed $100 billion in ARR by the end of August. Nick Dorsey (@Midnight_Captl), a former global sourcing expert at Apple, focuses on investment analysis in the AI and semiconductor sectors.
12 minutes ago
The USD/JPY exchange rate fell 170 pips in the short term, breaking below the 156 level.
USD/JPY's decline widened to 170 pips within 15 minutes, marking its first break below the 156 level since May 6, with a daily drop exceeding 1%. Earlier, the United States and Japan said they would not hesitate to further coordinate foreign exchange market interventions.
12 minutes ago
CEO of crypto custody firm BitGo issues a 100 BTC challenge to Anthropic, accusing the latter of overhyping AI hacker risks.
Crypto custody firm Bitgo CEO Mike Belshe deposited 100 BTC into a public Bitcoin address on August 1, worth roughly $6.3 million at the time, and invited Anthropic’s Claude models to attempt to transfer funds out of the address. On-chain records show the wallet received the funds on July 31, and no transfers had been made from the balance as of August 2. Anthropic previously disclosed that 3 incidents were found during 141,006 cybersecurity assessment runs, with 6 assessment sessions involving 3 models accidentally interacting with real organizational systems. The models in question include Claude Opus 4.7, Claude Mythos 5, and an unreleased internal research model, stemming from configuration errors by third-party testing partner Irregular that allowed the test environment to connect to the internet. Belshe’s latest challenge targets Bitgo’s institutional custody platform, which uses multi-signature or multi-party computation technology to distribute signing authority across multiple independent keys. As of August 2, Anthropic has not publicly responded to the challenge.
12 minutes ago
South Korea's stock index extended its decline to 5%, with Samsung Electronics and SK Hynix seeing their losses widen to 8%.
According to Bitget market data, South Korea’s KOSPI index extended its morning session decline to 5%, with Samsung Electronics and SK Hynix seeing their losses widen to 8%.
12 minutes ago
HIP-3 decentralized exchange platform Paragon has acquired Unitree Technology’s ticker.
According to data from hl.eco, HIP-3 decentralized exchange Paragon acquired tickers UNITREE (from Unitree) and RDDT (from Reddit) in a recent HIP-3 auction for 577.66 HYPE. Currently, HIP-3 decentralized exchange Paragon has 12 stock contract trading pairs, with daily trading volume in the millions of U.S. dollars, and has been expanding continuously through frequent ticker auctions recently.
12 minutes ago
Saylor's Strategy moves 299.84 $BTC ($18.91M), hints at renewed selling after July $216M liquidation
Is Michael Saylor's @Strategy selling $BTC again? A wallet linked to #Strategy moved 299.84 $BTC($18.91M) 9 hours ago. The last time they moved $BTC was between July 1 and July 5. During that week, #Strategy sold 3,588 $BTC($216M).
Peněženky spojené s Trump Media převedly 2 628 BTC v hodnotě asi 165 milionů USD na Crypto.com, ale prodej zatím nepotvrdilo žádné podání u Komise pro cenné papíry a burzy (SEC). Po přesunu zůstalo ve sledovaných peněženkách zhruba 4 261 BTC.
Trump Media-linked wallets transferred 2,628 Bitcoin, valued at about $165 million, to Crypto.com on Aug. 2, according to on-chain analysts Lookonchain.
Summary
2,628 BTC moved to Crypto.com, but no company filing has confirmed an outright sale yet. Trump Media reported 9,542.16 BTC in March, including 4,260.73 BTC pledged as secured convertible-note collateral. Lookonchain estimates realized and unrealized Bitcoin losses at $555 million after seven months of transfers. The movement reportedly reduced the wallets’ remaining balance to about 4,261 BTC.Lookonchain described the movement as another sale and estimated that Trump Media had disposed of 7,281 BTC over seven months. However, neither Trump Media nor an SEC filing had confirmed the latest coins were sold as of Aug. 2. An exchange deposit can precede a sale, custody change, collateral arrangement or another internal transaction.
Trump Media transfer is not a confirmed sale Lookonchain said the company originally acquired 11,542 BTC for about $1.37 billion, averaging $118,522 per coin. Its post stated, “It looks like Trump Media sold another 2,628 BTC,” wording that reflects uncertainty about the final transaction.
EmberCN separately traced the 2,628 BTC to Crypto.com and estimated that the linked wallets had transferred out about 7,281 BTC. The Arkham entity page identified two recent movements totaling roughly 2,628 BTC, including transfers of about 2,429 BTC and 198.9 BTC.
Source: Akham
Remaining Bitcoin nearly matches pledged collateral Trump Media’s latest quarterly filing provides the strongest company-confirmed baseline. The company reported 9,542.16 BTC at March 31, with a cost basis of $1.131 billion and a fair value of $647.1 million. It recorded no change in the number of coins during the first quarter.
The SEC filing also said 4,260.73 BTC served as collateral for convertible notes and could not be withdrawn or distributed unless indenture requirements were met. The restrictions are scheduled to end no later than May 29, 2028.
The reported post-transfer balance of about 4,261 BTC almost exactly matches that pledged amount. This suggests the tracked wallets may now mainly contain restricted collateral, but the on-chain labels do not prove the accounting or legal status of each coin.
The $555M loss remains an outside estimate Lookonchain calculated that the 7,281 BTC left the linked wallets at an average price of $74,855, generating about $545 million. It then estimated Trump Media’s combined realized and unrealized Bitcoin loss at approximately $555 million.
Those figures are not company-confirmed. The calculation assumes exchange transfers became sales near the observed market prices. It also combines estimated losses on transferred coins with the paper loss on the remaining balance. Trump Media’s March filing confirmed a lower fair value, but said the company had not realized material digital-asset losses at that reporting date.
Trump Media transferred 2,650 BTC worth about $205 million to Crypto.com on May 22. The coins remained in an exchange-linked wallet when that report was published, showing why a transfer should not automatically be reported as a completed sale.
Truth API launch adds separate regulatory scrutiny The Bitcoin movement followed Trump Media’s Aug. 1 launch date for Truth API, a paid service providing institutional customers with low-latency access to influential Truth Social posts. The company said the product delivers posts in milliseconds and could create a recurring revenue stream. Its revenue expectations remain forward-looking claims.
U.S. Senators Adam Schiff and Elizabeth Warren asked the SEC to investigate whether the service could violate federal securities laws. Their letter raised concerns that paying firms could receive market-moving presidential posts faster than ordinary users. The request is not an SEC finding, and the agency had not publicly announced an enforcement action.
Crypto.news reported that Trump Media posted a $405.9 million first-quarter net loss, partly reflecting unrealized markdowns across Bitcoin, Cronos and securities.
The company’s next quarterly filing should clarify whether the May and August transfers were sales, custody movements or transactions linked to hedging and financing arrangements. No verified Bitcoin or DJT price movement can be attributed solely to the Aug. 2 transfer.
Ledger i Trezor uvedly, že je zranitelnost v Coldcard nezasáhla a prostředky uživatelů jsou v bezpečí. Zranitelnost ve firmwaru Coldcard umožnila útočníkovi ukrást BTC v hodnotě 38 milionů USD.
Bitcoin hardware wallet providers Ledger and Trezor have distanced themselves from Coinkite’s Coldcard $38M exploit.
An unfortunate code flaw within Coldcard’s firmware allowed an attacker to steal 38M worth of BTC or more from the hardware wallet.
Since Coldcard shares part of the hardware design involving the True Random Number Generator (TRNG) with other providers, investors were worried that other wallets could also be at risk.
However, Ledger clarified that it uses a slightly more secure design, maintaining that their Bitcoin hardware wallets were “not affected” by Coldcard’s flaw.
Source: X The firm added that it uses a 256-bit mathematical complexity system (entropy), which makes seed phrases difficult to crack.
On the contrary, Coldcard’s flaw downgraded Coinkite’s system from a 128-bit to a guessable 40-bit system, which could easily be cracked using brute force.
Trezor, another Bitcoin hardware provider, also assured its users that they should not be alarmed about the Coldcard incident.
Trezor users: your funds are safe. The recent Coldcard issue is limited to their own custom firmware and how some of their devices generated randomness. Trezor does not share that code.
BTC dumps 3% to 2-week low after Coldcard exploit Despite the assurance, the Coldcard exploit sparked broader fear about safety on hardware wallets and self-custody.
According to TaprootWizards’ Udi Wertheimer, self-custody is now “worryingly unrealistic,” warning that AI models with cybersecurity attack capabilities will intensify the hacks.
For his part, Coinbase CEO Brian Armstrong said the best way to improve physical security is by “air-gapping keys,” citing his firm’s operational standard for crypto ETF custody.
Source: X As the community discussed Bitcoin self-custody threats, BTC’s sentiment dropped to a four-month low. According to Santiment data, the soured sentiment mirrored the market caution seen as the West Asia crisis intensified in April.
As a result, Bitcoin [BTC] price dropped sharply by nearly 3%, tagging a 2-week low of $62.4K. But the crypto asset slightly recovered back above $63K as of writing.
Source: Santiment Others projected that the overwhelming effort to handle self-custody amid the ongoing risks would force investors to opt for U.S. Spot ETFs.
However, the ETF demand was also impacted by the weak sentiment on Friday. The products recorded a daily net outflow of $265. It remains to be seen whether the spot BTC ETFs will attract new investors worried by self-custody risks and upcoming quantum attack vectors.
Final Summary Ledger and Trezor said they were “not affected” by the Coldcard flaw as they operate different systems for their hardware wallets. Coinbase CEO said “air-gapping keys” can help reduce some threats.
Strategy naznačila, že může prodat až 5 miliard USD v BTC, aby financovala dolarovou hotovostní rezervu, dividendy a odkupy vlastních akcií. CEO Phong Le zároveň uvedl, že hlavním cílem je dostat STRC na 99–100 USD.
Strategy's CEO warned on Friday that the company might sell up to $5 billion in BTC.
It was precisely six years ago when a rather unknown company in the cryptocurrency industry at the time made a revolutionary change to its asset reserve strategy and adopted Bitcoin. The entity in question, called MicroStrategy back then, started to accumulate BTC en masse and only accelerated its purchases after the 2024 presidential elections in the US.
The community became accustomed to hearing about new acquisitions made by the company, some of which were worth billions of dollars. Its total stash grew exponentially and currently sits at 843,775 units. Within this timeframe, BTC bulls consistently heard that the company (and its former CEO) would never sell… until they did. And then everything changed.
During the most recent earnings call, the company hinted that it has plans to sell up to $5 billion in bitcoin, which is significantly higher than the previously claimed $1.25 billion.
The Latest Shift Strategy (as it is called now) has gone five consecutive weeks without purchasing BTC, marking its longest acquisition pause in years. Instead of deploying capital into BTC, the firm has steadily increased its cash reserve through recent fundraising activities. As we previously reported, Strategy has been rebuilding its USD position while continuing to explore financial options tied to its expanding portfolio of preferred stock offerings.
In the most recent official change, CEO Phong Le took to X to announce the company’s new primary corporate objective, which reads:
“Our corporate objective is for STRC to trade at $99-$100 over time.”
In the earnings call, he was more specific:
“Our intent is to sell bitcoin for three reasons when we think it’s appropriate for the company. One, fund the U.S. dollar reserve up to $1.25 billion. Additional reasons include funding dividend and interest payments of $1.76 billion a year and funding up to $2 billion in common and preferred stock repurchases,” Le said, according to a FactSet transcript.
The tweet and comments garnered immediate reactions from some well-known industry commentators as well as constant critic Peter Schiff, who was quick to determine that: “In other words, common shareholders are screwed.”
You may also like: Coldcard Mk3 Users Warned of Risk After 594 BTC Swept From 500 Addresses The Most Unpredictable FOMC Meeting in Years Is Here: What Bitcoin Investors Should Know Strive Buys Another 79 BTC, Bringing total to 20,000 Crypto Kaleo, though, a popular analyst who recently argued that Strategy would have to sell at least 50,000 BTC in the next couple of years to fund dividend payments, wasn’t so kind. In one tweet, he ironically asked whether the CEO remembers when the company’s primary corporate objective was to increase Bitcoin per share before adding: “It was only two months ago, so shouldn’t be difficult!”
In another post, though, he brought the bashing to a higher level, claiming that Strategy is no longer a BTC company. Instead, it operates as a credit company, and its credit rating is “atrocious.”
Strategy went from having a primary objective of increasing Bitcoin per share to trying to make sure their preferred shares trade back to $100… in just two months.
They’re no longer a BTC company.
They’re a credit company.
And their credit rating is atrocious. https://t.co/fHoXr376QY
— K A L E O (@CryptoKaleo) July 31, 2026
The comments below his post were split. Some agreed that Strategy is increasingly resembling a leveraged financial organization rather than a straightforward BTC holding company. Others defended the firm’s approach, noting that maintaining confidence in STRC is essential if Strategy wants to continue raising capital efficiently and safely for future crypto purchases.
STRC Matters The Saylor-co-founded company launched STRC as part of its growing suite of preferred stock offerings designed to finance its long-term BTC accumulation strategy. However, it needs to trade at its par price of $100 to function properly, and it hasn’t been able to for months. It dumped below $75 at one point, before the company shifted its focus to rebuilding its USD reserve. It has since recovered to almost $90.
As such, some investors view Le’s comments as a tactical, short-term objective rather than believing Strategy has abandoned its Bitcoin-focused vision. Still, the timing has fueled questions about the firm’s evolving identity and strategy, especially given the ongoing market uncertainty.
The SEC just hit pause on one of the most anticipated Bitcoin derivatives products of the year, and the reason has less to do with Bitcoin itself and more to do with a very old-fashioned regulatory turf war.
Nasdaq PHLX’s proposed cash-settled Bitcoin index options, known as QBTC, have been frozen by the full SEC commission following a jurisdictional challenge from the CME Group. The suspension, effective around July 31, opens a public comment window running through August 24. In plain English: two of the biggest names in traditional finance are fighting over who gets to be the referee for Bitcoin derivatives.
What happened and why it matters Here’s the backstory. The SEC granted Nasdaq conditional approval for the QBTC options back in May 2026 on an expedited basis. The product was designed to track the Nasdaq Bitcoin Index, which divides the CME CF Bitcoin Real Time Index by 100. That same benchmark underpins CME’s own Bitcoin futures and options contracts.
Then CME filed a jurisdictional challenge on or around June 11. The core argument is straightforward: Bitcoin is a commodity, not a security. If that’s the case, cash-settled options based on a Bitcoin index should fall under the exclusive purview of the Commodity Futures Trading Commission, not the SEC.
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The SEC’s conditional approval in May required CFTC exemptions before the product could actually launch. CME’s position is that those exemptions can’t simply shuffle regulatory authority from one agency to another.
Now the full SEC commission is reviewing the matter, effectively putting Nasdaq’s product on ice while the adults figure out who actually has jurisdiction.
The jurisdictional chess match The CFTC has long treated Bitcoin as a commodity. CME already operates regulated Bitcoin futures and options under that framework, making it the incumbent player in the institutional Bitcoin derivatives space. From CME’s perspective, Nasdaq is trying to offer a competing product through the wrong regulatory door.
Nasdaq, on the other hand, went through the SEC’s approval process and got a conditional green light. The exchange likely structured its product to fit within securities regulations specifically to tap into its existing infrastructure and customer base on Nasdaq PHLX, its options exchange.
The QBTC options use the exact same underlying benchmark, the CME CF Bitcoin Real Time Index, that powers CME’s own products. CME is essentially saying: you’re using our index to build a product that belongs in our regulatory sandbox, not yours.
What this means for investors For traders who were gearing up to access Bitcoin options through Nasdaq’s platform, the immediate impact is delay. The review period runs through at least August 24, and there’s no guarantee the SEC will simply rubber-stamp the original approval once the comment period closes.
Two scenarios are now on the table. Nasdaq could be forced to register the product with the CFTC instead, which would mean navigating an entirely different regulatory framework and likely pushing back the launch timeline significantly. Alternatively, Nasdaq could restructure QBTC to fit more cleanly within SEC jurisdiction, though how exactly that would work remains unclear when the underlying asset is widely considered a commodity.
The public comment period closing on August 24 is the next milestone to monitor. How the SEC responds to CME’s challenge, and whether the CFTC weighs in publicly, will shape the regulatory architecture for Bitcoin derivatives for years to come. For now, Nasdaq’s Bitcoin options are stuck in regulatory limbo, and CME is making sure everyone knows it put them there.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor uvedl, že Strategy nemá politiku „nikdy neprodávat“ a program BTC monetizace nevyžaduje žádný prodej Bitcoinu. Firma podle něj očekává, že časem zůstane čistým kupcem BTC.
Strategy’s co-founder, Michael Saylor, has clarified that his company’s plan to sell up to $5 billion of Bitcoin was what they authorized under the previously announced BTC monetization program. This follows reports today that the Bitcoin treasury firm had authorized a BTC sale of up to $5 billion after it posted a quarterly loss of $8.22 billion in the second quarter of this year.
Michael Saylor Clarifies Strategy’s Authorization of Up to $5B BTC Sale In an X post, Saylor noted that they announced their BTC Monetization Program in June before their Q2 results and not after posting a loss. He added that they never had a “never sell” policy and that the program does not require them to sell any Bitcoin.
Correction: Strategy announced its BTC Monetization Program on June 29—31 days before our Q2 results, not after posting a loss. We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.
— Michael Saylor (@saylor) August 1, 2026
“We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time,” the Strategy co-founder said. This followed a claim that his company authorized up to $5 billion in BTC sales after posting an $8.22 billion loss in the second quarter of the year.
As CoinGape reported, Strategy also missed earnings estimates in the second quarter, with the company recording revenue of $122 million, below estimates of $124.48 million. The Bitcoin treasury firm’s EPS were -$24.45, well below estimates of $3.07.
Meanwhile, Saylor’s clarification comes as the Bitcoin treasury firm has paused its conventional weekly BTC purchases for five consecutive weeks. During this period, they have focused on building their USD reserve and also buying back the STRC stock.
Pause On Bitcoin Purchases Likely To Continue Crypto traders are betting that Strategy did not buy any Bitcoin last week and has continued its pause on buying BTC weekly. Data from the top crypto prediction platform Polymarket shows only a 21% chance that the Bitcoin treasury firm will announce another BTC purchase by Monday.
Source: Polymarket Strategy currently holds 843,775 BTC that was purchased for a total of $63.69 billion, averaging $75,476 per BTC. Notably, earlier this year, crypto traders favored the Bitcoin treasury company holding up to 1 million BTC by the end of the year.
However, these traders are now betting against that happening, as the company has paused its BTC buys and sold some BTC this year. Polymarket data shows only a 10% chance that they will announce holding 1 million BTC or more by the end of this year.
Galaxy Research odhadla ztrátu z incidentu s Coldcard na 1 082,65 BTC, tedy asi 70,2 milionu USD, po identifikaci 1 196 adres. Původní odhad činil 594,48 BTC.
Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysisLatest NewsPublishedAug 1, 2026
Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.
Galaxy Research, the research arm of crypto investment company Galaxy Digital, identified 1,196 addresses linked to the Coldcard wallet incident that lost 1,082.65 Bitcoin, worth about $70.2 million at the time of the transactions.
Galaxy Research traced the Bitcoin movements between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory, according to an X post on Friday.
Earlier preliminary analysis of the Coldcard incident by AnchorWatch CEO and co-founder Rob Hamilton estimated that 594.48 Bitcoin, worth around $38 million, moved across 500 transactions within a three-block window.
Galaxy Research later said the identified transactions shared a pattern, including identical 30 satoshis per virtual byte fees and no change outputs. The company said the initial attack activity is identifiable on-chain through this pattern, but noted that future attacks against Coldcard-generated addresses may not follow the same fingerprint.
Coinkite co-founder Rodolfo Novak said in an X post on Friday that the company takes responsibility for the firmware bug and is working to determine the full scope of the issue.
Novak said Coinkite released a hotfix to remove the software fallback path, but warned that the update does not protect seeds generated on vulnerable firmware. He advised users who generated seeds on vulnerable firmware to move their funds to a new seed.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitget u BGBTC spouští denní odměny v BTC, cross-chain převody přes Chainlink CCIP a nezávislý dohled společnosti Gauntlet. Token má zůstat krytý Bitcoinem v poměru 1:1.
Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet.
Summary
BGBTC holders will receive daily rewards denominated in Bitcoin following the upgrade. Chainlink CCIP will serve as BGBTC’s canonical cross-chain infrastructure. Gauntlet will independently oversee the asset’s underlying yield strategies. BGBTC remains backed by Bitcoin at a 1:1 ratio, according to Bitget. Bitget said the upgraded BGBTC will distribute daily rewards denominated in BTC to token holders. The asset is designed to maintain a 1:1 peg with Bitcoin while allowing users to earn yield without selling their underlying exposure.
BGBTC just got a major upgrade.
Backed 1:1 by BTC, it now offers daily BTC rewards, fast redemption at scale, and utility across trading, margin, loans, Launchpool, and PoolX.
— Bitget (@bitget) July 31, 2026 The exchange is positioning BGBTC as an alternative to holding idle Bitcoin or moving BTC into separate yield strategies. Those strategies can require users to transfer assets between platforms, manage additional protocols, or accept reduced liquidity.
BGBTC already has several uses within the Bitget ecosystem. Holders can use the asset as futures margin, lending collateral or for participation in the exchange’s Launchpool and PoolX products.
The upgrade also introduces support for large-volume and faster redemptions, according to Bitget. The company said it has added institutional-grade risk controls and greater transparency, although specific reward rates and redemption thresholds were not provided in the announcement.
Rewards remain tied to the performance and sustainability of the underlying yield strategies. A Bitcoin-backed token can also carry platform, custody, smart-contract and liquidity risks that differ from holding BTC directly.
Chainlink CCIP supports cross-chain BGBTC transfers Bitget selected Chainlink’s Cross-Chain Interoperability Protocol as the canonical infrastructure for distributing BGBTC across multiple blockchain networks.
CCIP provides the messaging layer needed to move the asset between supported chains. The integration could allow holders to access decentralized applications and financial services outside Bitget’s centralized platform while retaining exposure to the Bitcoin-backed token.
Bitget already uses Chainlink Proof of Reserve to verify the assets supporting BGBTC. Proof of Reserve provides on-chain data intended to help users assess whether sufficient collateral exists behind the issued supply.
Combining Proof of Reserve with CCIP addresses two separate functions. The reserve system focuses on collateral verification, while CCIP handles communication and token transfers across blockchains.
Bitget did not identify every blockchain that will initially support BGBTC through CCIP or provide a schedule for additional network deployments.
Gauntlet will oversee BGBTC yield strategies Gauntlet has been appointed as BGBTC’s independent curator and will supervise the strategies used to generate rewards for holders.
The quantitative risk-management firm will monitor the underlying portfolio, assess risks and help determine how capital is deployed. Bitget said the framework is intended to support the long-term sustainability of BGBTC’s yield rather than relying on an unmanaged set of strategies.
Independent curation adds another layer of oversight, but it does not eliminate losses. Reward levels may change based on market conditions, available strategies, and the performance of the assets or protocols involved.
Bitget is also working with infrastructure providers, including Chainlink and Morph, as it seeks to connect centralized and decentralized financial services through a broader Bitcoin yield network.
The company cited USDGO Holderyield as another part of its effort to let users earn returns from assets that would otherwise remain idle.
What the upgrade means for Bitcoin holders BGBTC combines Bitcoin exposure, daily rewards and cross-chain utility in a single token. Users can potentially earn BTC-denominated returns while deploying the asset as collateral, margin or capital in supported decentralized applications.
For US investors, access to BGBTC and related Bitget services may depend on geographic and product restrictions. Users should confirm whether the exchange, token, and associated yield products are available in their jurisdiction before transferring funds.
Yield paid in BTC may also create tax-reporting obligations for US holders, depending on how the rewards are classified and when users gain control of them. Bitget did not announce any US-specific rollout or regulatory approval alongside the upgrade.
Future adoption will depend on the reward rate, redemption performance, supported networks, and transparency around the underlying strategies. Bitget has not yet disclosed a fixed annual yield or a complete cross-chain deployment timeline.
Strategy Inc., led by Michael Saylor, has announced a substantial increase in its Bitcoin holdings and a significant rise in STRC issuance this year. The company reported purchasing 48 times more Bitcoin than it has sold, while issuing 300 times more STRC than it has repurchased. This activity comes as Strategy continues its approach of managing liquidity through a combination of stock sales, preferred-share issuance, and selective Bitcoin sales.
Strategy’s recent disclosures indicate a relative slowdown in Bitcoin sales compared to purchases, suggesting a focus on accumulating the cryptocurrency. The company held approximately 843,775 BTC by early July and had repurchased 288,930 STRC shares, maintaining a strong cash reserve. The firm’s capital allocation approach appears to prioritize Bitcoin accumulation and STRC issuance to support its financial strategies.
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Market participants appear to interpret these moves as potentially supportive of STRC price increases, although recent market odds for STRC reaching $100 by December 31 have slipped slightly, now priced at 32% YES, a decrease from previous levels. This reflects uncertainty about whether the company’s aggressive Bitcoin acquisition strategy will translate into the anticipated market outcomes for STRC.
Key Takeaways Strategy Inc.’s Bitcoin purchases appear to exceed its sales significantly, indicating an accumulation-focused approach. The substantial issuance of STRC suggests a strategic use of equity to manage liquidity and support financial operations. Market pricing suggests participants are evaluating the impact of these actions on STRC’s potential to reach $100 by year-end. What to Watch Watch for any future announcements from Strategy Inc. regarding further Bitcoin acquisitions or changes in STRC issuance strategies. Any significant increase in Bitcoin purchases or strategic shifts could influence market perceptions and pricing of STRC. Additionally, updates on the company’s financial performance and strategic direction under Michael Saylor’s leadership may impact market expectations for STRC’s potential price movements.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 32% — — View market → September 30 15% — — View market →
Po útoku na Coldcard, při němž bylo odcizeno přes 70 milionů USD v bitcoinech, měl pachatel podle reportu využít placený účet u známého blockchainového poskytovatele služeb.
Since over $70 million in Bitcoin was stolen yesterday by an attack that exploited a fault in the Coldcard’s system, it has been reported that the thief used a top blockchain services provider for help.
Writing on X Friday, engineer at payments company Block, Clay Garrett, said that the provider — who he did not name at the request of the services provider — had been contacted after finding blockchain movements matched the “suspected workflow” of the attacker.
“During our investigation of the Coldcard drain yesterday, we identified an unusual pattern in the sweeps,” Garrett said.
“That pattern led us to a hypothesis that has since been confirmed: the operator used a paid account at a well-known blockchain-services provider to query the source addresses and perform other related activity during the sweeps,” Garrett continued, adding that the authorities had been notified.
Galaxy Digital’s research arm also wrote on X that the thief had an unusual pattern of moving the coins.
“The pattern tells us these were all the same attacker — it does not capture the attack itself, which looks the same as if a coin owner chose to move coins,” the company said, adding that Bitcoiners should move funds out of single-signature Coldcard addresses and into secure custody.
After over $35 million in Bitcoin was drained from wallets on Thursday, Coinkite said that a firmware bug in Coldcard Mk3 devices — starting with version 4.0.1 in March 2021 — caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator.
This allowed private keys for many single-signature wallets (especially those created without dice rolls or a strong BIP-39 passphrase) predictable enough for attackers to brute-force.
Later on Friday, Coinkite admitted all of its models were vulnerable following more thefts. Over $70 million has so far been swiped and engineers have warned that more Bitcoin addresses could be at risk.
The company makes a number of Bitcoin products, including cold storage hardware wallets.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Bitget zpřístupňuje svým více než 125 milionům registrovaných uživatelů on-chain výnosy přes Morph, Morpho a Gauntlet. Na USDC má být kolem 18 % APY a na bgBTC 3 % APY.
Bitget, the exchange group that claims more than 125 million registered users, is giving its customer base direct access to on-chain yield without requiring them to leave its platform. The move comes through a partnership with payments network Morph, lending protocol Morpho, and risk management firm Gauntlet.
How the integration works Morph, a payments network purpose-built for digital asset transactions, has announced the collaboration with on-chain credit protocol Morpho and yield optimization firm Gauntlet. The integration allows Bitget customers to deposit USDC and Bitcoin directly through their existing accounts to access curated yield strategies powered by Morpho and Gauntlet's Aera vaults on Morph's infrastructure.
Users will be able to earn approximately 18% annual percentage yield on USDC deposits and 3% APY on bgBTC, Bitget's wrapped Bitcoin product, without surrendering custody or navigating external decentralized finance protocols. The bgBTC yield strategy launched on Bitget Exchange on July 31, while the USDC yield strategy will become available on the self-custodial Bitget Wallet starting August 3.
The infrastructure behind the yield Morpho is a decentralized lending protocol built around the principle that lending infrastructure and lending strategy belong on different layers. Gauntlet sits in the strategy layer, acting as what the industry calls a vault curator. Using Morpho Vaults, Gauntlet deploys and curates institutional-grade yield strategies through the Morpho Curator App. With vaults deployed, Gauntlet focuses on curating risk-reward to offer the best risk-adjusted returns for vault suppliers.
The firm launched its first Morpho vaults in 2024 and by early 2026 had grown to more than 30 vaults with cumulative supply over $500 million and over $2 billion in total vault TVL across Morpho, Drift, and Kamino. All underlying complexity is abstracted through Morph's infrastructure, enabling users to maintain their Bitcoin positions while participating in yield-generating activities.
The partnership is part of a broader trend of centralised exchanges embedding DeFi yield directly into their products. The collaboration with Morpho reflects Bitget's broader UEX vision, in which users can access crypto-native and traditional financial opportunities through a single intelligent trading and asset management platform.
Sources:
Metaverse Post: Morph, Morpho and Gauntlet Partner to Deliver Institutional On-Chain Yield to Bitget's 125M Users
Morpho: Gauntlet on Morpho Vault Curation
Bitget Blog: Bitget Collaborates with Morpho and Arbitrum on On-Chain Earn Products
Z BitMEX po oznámení o ukončení provozu odteklo 468,30 BTC v hodnotě asi 29,88 milionu USD. Je to první odliv nad 10 milionů USD od zveřejnění oznámení o ukončení provozu.
Nearly $30M in Bitcoin Exits BitMEX After Shutdown AnnouncementOn-chain data flagged by Onchain Lens shows a newly created wallet withdrew 468.30 $BTC, valued at approximately $29.88M, from @BitMEX on July 31, 2026. According to the data, this represents the first outflow exceeding $10M from the exchange since its formal closure notice was issued, with capital moving directly into a fresh on-chain address in what analysts described as a high-priority exit of exchange-held liquidity.
The timing is significant. BitMEX announced on July 23, 2026 that it will permanently cease operations at 04:00 UTC on September 23, 2026. The board of HDR Global Trading Limited, owner and operator of BitMEX, said the decision followed a strategic review of the business and the broader crypto industry. The withdrawal observed on July 31 came just eight days after that notice was made public.
What the Closure Timeline Means for Remaining Users Starting August 26, 2026, at 04:00 UTC, accounts will switch to reduce-only mode, and the exchange will begin force-closing open positions in batches. KYC-verified users who fail to withdraw assets by the closure time will be charged an account fee of USD 50 equivalent or 1% per annum, whichever is greater, billed monthly on the remaining balance.
The main challenge BitMEX faces is how user assets are transferred, as network congestion on the Bitcoin blockchain could cause significant withdrawal delays. The company has also warned users to be alert to phishing attempts that may exploit the closure announcement, noting that no expedited or priority withdrawal service exists, and that additional review procedures will be applied to withdrawal requests during the wind-down period.
The company's current proof of reserves indicates that platform liabilities are fully covered by customer assets. The exit marks the end of an 11-year run for the digital asset derivatives venue, which maintained a clean security record and lost no user funds to hacks or smart-contract exploits despite years of intense regulatory enforcement actions.
The large outflow underscores a broader trend of users accelerating withdrawals in the weeks before major exchange wind-downs, as holders seek to move assets to self-custody or alternative venues ahead of a hard deadline.
Sources:
BitMEX Official Closure Announcement
CoinDesk: BitMEX Notifies Users of Shutdown After 11-Year Run
The Paypers: BitMEX to Shut Down Crypto Exchange by September 2026
Coinkite uvedl, že chyba v hardwarové peněžence Coldcard vytvořila příliš snadno uhodnutelné seed fráze a vedla ke krádeži 594 BTC, zhruba 38 milionů USD. Aktualizace firmwaru už dříve vytvořený seed neopraví.
In brief Coinkite says a build error meant seeds on its Coldcard hardware wallets were drawn from a software fallback instead of the hardware generator. It believes an attacker used AI on its open-source code, and says its own AI review weeks earlier found nothing. Every current model is affected to some degree, and updating the firmware does not repair a seed already created. Coinkite believes an attacker used AI to find a flaw that has cost owners of its Coldcard hardware wallets tens of millions of dollars in Bitcoin, and says its own AI review of the same code weeks earlier turned up nothing.
The hardware wallet manufacturer published an advisory for its Mk3 and a technical breakdown on Thursday, after learning that seeds generated by its devices were far more guessable than intended.
COLDCARD Mk3 Security Advisory
If you generated a seed on a Mk3 after firmware 4.0.1, your funds may be at risk.
Mk4, Q and Mk5 are not affected based on our early analysis.
Read the advisory and migrate carefully:https://t.co/3vgPHOjMS7
— COLDCARD (@COLDCARDwallet) July 30, 2026
The losses to the flaw, which was exploited early Friday, are estimated at 594 BTC, around $38 million. Funds were drained from roughly 500 wallets inside 25 minutes, with 562 BTC since consolidated into a single address.
Coinkite said it has to assume "someone used AI to review previous versions of our firmware" in order to uncover the flaw. The firm said it had run one of the best available models over its own code a few weeks earlier, and the model "did not find this bug or anything serious." Attackers and defenders have the same tools, it wrote, but this time "it did not help us, and only helped the bad guys."
What went wrongColdcard's firmware calls a function to fetch randomness, and two implementations of it sat in the codebase with identical signatures: the hardware generator Coinkite wrote, and a software fallback inherited from MicroPython. A preprocessor guard checked only whether a setting was defined, without testing its value, so the build completed against the fallback without complaint. Seed generation had been drawing on it since a March 2021 migration.
Every current model is affected to some degree. Coinkite estimates the effective search space for an Mk3 seed at about 40 bits, against the 128 a seed is meant to have. Extra entropy from the secure elements on the Mk4, Q and Mk5 lifts theirs to roughly 72 bits, which the company says materially improves the position without reaching the target. Tapsigner, Opendime and Satscard use different code and are unaffected.
What owners must doCoinkite has shipped an emergency hotfix, version 5.6.0 for the Mk4 and Mk5 and 1.5.0Q for the Q. Updating does not repair a seed already created on affected firmware. Owners need a new seed generated on patched hardware, and the company recommends a strong BIP-39 passphrase, at least 99 dice rolls, or both. Mk3 owners, whose model is out of support, are pointed to a separate migration path.
1/ Earlier today, our Bitcoin engineering and security teams at Block began investigating reports of non-Bitkey wallets being drained. To proactively protect our customers, we began investigating immediately. Here’s what we found 🧵
— Max Guise (@max_guise) July 31, 2026
A seed created on an affected Coldcard stays weak after being restored to another brand's device, a point rival hardware wallet manufacturer Trezor made while telling its own users their funds are safe. Block, which published an independent analysis on Friday, said none of its products are affected, and its hardware lead Max Guise urged anyone exposed to move funds as soon as they safely can.
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Zcash [ZEC] za posledních 24 hodin vzrostl o 3,2 % po úspěšném spuštění upgradu Ironwood. Upgrade opravil dříve oznámenou chybu a během 24 hodin převedl asi 176 000 ZEC.
Zcash [ZEC] gained 3.2% over the past 24 hours and is trading at $475.95 at the time of writing, outperforming a largely flat Bitcoin [BTC] after the successful rollout of its highly anticipated Ironwood network upgrade. Activated on July 28, the upgrade fixed a previously disclosed counterfeiting flaw by replacing the older Orchard shielded pool with a more secure version.
Within the first 24 hours, approximately 176,000 ZEC worth about $80 million had already moved to the new system, indicating strong early adoption and that confidence has been reinstated in the network as a whole.
With Bitcoin trading largely sideways, ZEC’s gains appear to have been driven primarily by its own network developments rather than broader market momentum. With that said, is this upgrade enough to sustain this increase?
Is ZEC’s rally the start of a reversal?
Zcash has rebounded 3.2% over the past 24 hours, but the move may not be enough to signal a broader trend reversal. On the daily chart, ZEC is trading above a long-standing support zone between $361.59 and $377, an area that has repeatedly attracted buyers since early May. While this has helped prevent a deeper decline, the token has yet to establish a convincing higher high, leaving the broader bearish structure intact.
Volume also offers little confirmation that buyers are regaining control. The On-Balance Volume (OBV) indicator has remained largely flat before gradually turning lower, suggesting buying demand has been too weak to outweigh selling pressure.
Momentum indicators paint a similar picture. The MACD recently crossed below the zero line, a sign that bearish momentum continues to dominate, and the Relative Strength Index (RSI) remains below the neutral 50 level, indicating that the recent price bounce has yet to be supported by stronger market momentum.
The four-hour chart reinforces this cautious outlook. While ZEC was trading around $474 at the time of writing after recovering over the past day, the move appears more consistent with a short-term relief rally than the start of a sustained uptrend.
OBV continues to trend lower, showing that sellers still hold the advantage despite the recent recovery. Meanwhile, the MACD crossover below the zero line, along with the RSI remaining just below the neutral 50 level, indicates that bullish momentum is still limited.
Final summary The success of the Ironwood upgrade has restored confidence in Zcash’s network, resulting in the token’s recent price increase. Unless buyers return with stronger momentum, ZEC may struggle to extend its rally and remain within its broader downtrend.
Block varuje uživatele Coldcard, aby okamžitě přesunuli Bitcoin z některých hardwarových peněženek po odhalení dvou kritických chyb. Podle firmy mohlo být zasaženo až 1 082,59 BTC.
Block has urged Bitcoin holders using Coldcard hardware wallets to immediately transfer their funds following the public disclosure of two major vulnerabilities impacting several Coldcard models. The call to action came after security teams at Block, a US-based technology and financial services company led by Jack Dorsey, received reports of Bitcoin thefts from wallets not affiliated with its own Bitkey product.
Critical vulnerabilities in Coldcard devicesBlock’s investigation identified severe security flaws in Coldcard Mk2, Mk3, Mk4, Q, and Mk5 models, hardware wallets produced by Coinkite. While Bitkey and other Block products remain unaffected, the vulnerabilities expose users of affected devices to significant risk, particularly those leveraging single-signature wallets.
Engineers explained that an initial attack wave exploited these flaws over a period of approximately one hour. Despite this brief window, researchers cautioned that the campaign may still be ongoing, with additional affected users potentially emerging.
The flaws reportedly impact both wallets protected with weak 25th-word passphrases and select multisignature configurations.
Block noted that single-signature wallets were the primary initial targets, but devices using weak passphrases or certain multisig arrangements could also be vulnerable to exploitation.
Technical details of wallet vulnerabilitiesThe first vulnerability is present in the Mk2 and Mk3 firmware. A coding mistake led to wallet creation processes that depended on predictable rather than sufficiently random hardware-generated values, undermining the security assumptions for generating private keys on these models.
Later models—Mk4, Q, and Mk5—were designed to strengthen entropy input during the device boot sequence using secure-element sources. However, the implementation reduced additional randomness to just 32 bits, leaving those wallets vulnerable as well.
Security experts warned that importing a seed created with affected firmware into another wallet does not eliminate the core risk, since the compromised seed remains inherently unsafe.
Mini dictionary: Entropy, in cryptography, refers to the measure of randomness collected by a system, which is critical for generating secure cryptographic keys. Insufficient entropy can make keys predictable and easier for attackers to compromise.
Response from Block and CoinkiteBlock stated that it shared the findings privately with Coinkite prior to the public announcement, aiming to give the manufacturer time to assess and manage the impact on Coldcard users.
Max Guise, a security engineer at Block, recommended rapid action from affected users. Writing on X, Guise urged anyone with potentially exposed wallets to move their funds as soon as it was safe to do so.
Max Guise emphasized the urgency, advising users to migrate their Bitcoin off vulnerable devices at the earliest safe opportunity.
Clay Garrett, another security engineer, highlighted that further investigation revealed 695 previous transactions displaying the same on-chain signature as the initial exploit, representing an additional loss of 488.11 BTC.
Block’s preliminary review suggests up to 1,082.59 BTC may have been stolen in total using these vulnerabilities.
Affected Device ModelsFlaw TypeEstimated Impact (BTC)Coldcard Mk2, Mk3Predictable wallet generationInitial exploitColdcard Mk4, Q, Mk5Weak entropy on boot (32 bits)Additional 488.11 BTCAll affected devicesCombined campaigns1,082.59 BTCDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Klienti BlackRock nakoupili bitcoin za 183,41 milionu USD prostřednictvím iShares Bitcoin Trust (IBIT). Tím pokračuje série velkých přílivů do spotových bitcoinových ETF.
BlackRock clients just scooped up $183.41 million worth of Bitcoin, adding another data point to what’s become the most predictable pattern in crypto this year: institutional money flowing into BTC through regulated vehicles like it’s a subscription service.
The purchase, made through BlackRock’s iShares Bitcoin Trust (IBIT), is the latest in a string of nine-figure inflow days that have defined the firm’s Bitcoin strategy in 2026.
A pattern that’s hard to ignore On July 6, BlackRock clients invested $209 million into IBIT, which contributed to roughly $266 million in total US spot Bitcoin ETF inflows that day. BlackRock alone accounted for nearly 80% of all the institutional Bitcoin buying happening through ETFs on that single trading session.
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On July 15, clients purchased $139 million worth of Bitcoin via IBIT, and an additional $80.82 million inflow was recorded, representing 75% of that day’s total ETF flows.
Then around July 22, another $163 million purchase hit the books. Add in the latest $183M buy, and you’re looking at well over $700 million in IBIT inflows across just a handful of days in July alone.
On January 5, 2026, BlackRock clients acquired 3,948 BTC for $372 million. That single-day purchase earlier this year remains one of the largest on record for any spot Bitcoin ETF.
BlackRock’s Bitcoin empire by the numbers By mid-July, BlackRock had surpassed 734,000 BTC under its custodianship.
IBIT maintains an estimated 50-60% market share of all spot Bitcoin ETF assets in 2026. Every other spot Bitcoin ETF, from Fidelity’s FBTC to ARK’s ARKB, is competing for the remainder.
What this means for the market The risk worth noting is concentration. When one entity controls more than half of all ETF-based Bitcoin exposure, any change in BlackRock’s strategy, fee structure, or regulatory status could send shockwaves through the market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bhutan’s Gelephu Mindfulness City appointed Canadian digital-asset manager 3iQ on July 30 to manage a dedicated mandate backed by an undisclosed portion of its Bitcoin treasury.
Summary
3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury under the mandate. 10,000 BTC were pledged in December 2025 to support Gelephu’s long-term development and economic plans. 3iQ plans a long-term local presence, talent investment and knowledge transfer alongside treasury management operations. The agreement advances a national pledge to allocate up to 10,000 BTC to the special administrative region’s long-term development.
The parties said 3iQ will also establish a long-term presence in Gelephu, invest in Bhutanese talent and transfer investment-management knowledge. They did not disclose how much Bitcoin entered the mandate or when active management would begin.
3iQ mandate leaves key commercial terms undisclosed The company release provides no mandate value, management fee, custody provider or investment benchmark. It also does not say whether 3iQ may lend Bitcoin, use derivatives, post collateral or pursue yield strategies. Those omissions prevent an independent assessment of the mandate’s risk limits or expected returns.
3iQ chief executive Pascal St-Jean said the firm would put Bhutan’s capital to work “responsibly, transparently and for the long term.” That statement describes the company’s intended approach, not a verified performance outcome. GMC board director Jigdrel Singay called 3iQ a founding institutional partner for the city’s planned fund ecosystem.
The agreement connects GMC with Coincheck Group, whose shares trade on Nasdaq. Coincheck disclosed that it completed the acquisition of a 99.8% beneficial interest in 3iQ on February 28. St-Jean became Coincheck Group’s chief executive on April 1 while retaining his role at 3iQ.
Bhutan’s Bitcoin pledge enters its deployment phase Bhutan announced in December 2025 that up to 10,000 BTC from national holdings would support Gelephu’s development. GMC says the reserve was built by converting surplus hydroelectric power into Bitcoin and is intended to create jobs, develop technical skills and strengthen long-term financial resilience.
The official pledge says the Bitcoin is being put to work for national development rather than held for short-term speculation. The 3iQ appointment is the clearest disclosed step so far toward outside professional management, although the amount assigned to the firm remains unknown.
However, Bhutan has also explored collateralization, treasury management and risk-managed yield as possible tools for the broader pledge. GMC rejected claims that earlier transfers from Bhutan-linked wallets represented sales from Bitcoin committed to the city’s strategic reserves.
Gelephu’s rules require clarity on 3iQ’s local role Gelephu’s Financial Services Office regulates traditional finance and virtual-asset activity inside the special administrative region. Its rules require firms carrying out regulated services, including asset management, to obtain a financial services licence before beginning local operations.
The regulator’s public directory did not list an entity named 3iQ on July 31. That absence does not prove that the mandate requires a separate GMC licence or that no application is pending. The partnership announcement did not identify a licensed local entity or explain the regulatory structure under which 3iQ will operate.
The directory currently includes seven approved firms, with 8020 Finance authorized to manage assets from July 23. GMC has also introduced an accelerated pathway for firms already supervised in recognized foreign financial centers, but local regulators retain responsibility for final approval.
Further milestones will define the treasury strategy 3iQ and GMC said this agreement is the first of several milestones they plan to announce over the coming months. Expected steps include building a local team, establishing operations and developing an institutional fund ecosystem, but the parties provided no formal timetable.
Future disclosures will need to show the Bitcoin amount under management, custody controls, permitted trading strategies and reporting standards. Any use of leverage, lending or collateral would also require clear risk limits because losses or counterparty failures could affect assets committed to national development.
Until those details are released, the agreement confirms a manager and a strategic direction rather than a fully disclosed investment program. Its progress will be measured by regulatory approvals, operational launches and transparent reporting on how Bhutan’s Bitcoin supports Gelephu’s development.
Michael Saylor naznačil, že Strategy ($MSTR) bude potřebovat „další barvu“, poté co firma pět týdnů po sobě nekoupila bitcoin. Poslední nákup činil 520 BTC.
Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy and trading under the ticker $MSTR), has once again captured the attention of Bitcoin enthusiasts and investors with a cryptic social media update.
On Sunday, July 26, 2026, he shared the company’s familiar Bitcoin acquisition tracker chart on X, accompanied by the simple yet intriguing caption: “We’re gonna need another color.”
This post marks the fifth consecutive weekly appearance of the tracker graphic since Strategy’s most recent disclosed Bitcoin purchase.
That last acquisition occurred in the period ending around June 22, when the firm added a modest 520 BTC.
In the four weeks that followed, Strategy’s Monday regulatory filings revealed no new Bitcoin buys.
Instead, the company focused on selling shares of its common stock, building up its US dollar cash reserves, and, in one notable instance, executing its largest Bitcoin sale to date.
The chart itself illustrates the scale of Strategy’s long-running accumulation strategy.
It displays 113 separate purchase events that have brought the company’s total holdings to 843,775 BTC.
These coins were acquired at an average cost of approximately $75,476 each, representing a cumulative outlay of roughly $63.69 billion.
With Bitcoin trading near the mid-$64,000 to mid-$65,000 range at the time of the post, the position sat about $9 billion underwater on an unrealized basis. Saylor has long used color coding in these Sunday posts as a form of visual communication with the market.
We’re gonna need another color. pic.twitter.com/AqZO5UeXDx
— Michael Saylor (@saylor) July 26, 2026
Orange markers have traditionally represented Bitcoin purchases, while green has previously signaled the addition of dollar reserves.
The suggestion that “another color” is now required comes as the orange dots densely fill the graphic, reflecting years of aggressive buying.
Market observers interpret the comment as a possible hint that Strategy may be preparing to track a new category of activity—whether resumed Bitcoin accumulation under a different framework, further expansion of cash holdings, preferred-share related moves, or another balance-sheet development under the firm’s recently updated capital allocation approach.
In recent weeks, Strategy has prioritized strengthening its liquidity position.
The latest filing showed the company raising $263.5 million through share sales, lifting its dollar reserve above $3.2 billion.
This cash buffer helps cover preferred stock dividend obligations without forcing sales of Bitcoin.
The firm still retains substantial capacity to issue additional equity if needed.
The pause in buying represents a notable shift for a company that built its reputation as the largest corporate Bitcoin treasury.
For much of the past several years, Saylor’s Sunday chart posts reliably foreshadowed Monday purchase announcements.
That pattern has loosened as Strategy adapts to lower Bitcoin prices, the need for dividend coverage, and a more disciplined capital framework introduced in late June.
Investors continue to watch closely for the next disclosure.
Whether the “another color” remark from Michael Saylor now signals an imminent return to a digital assets accumulation strategy, a new visual representation of existing reserves, or an entirely different strategic pivot remains to be seen. What is clear is that Saylor continues to keep the market engaged through these carefully timed, visually driven messages.
Strategy vykázala ve 2. čtvrtletí provozní ztrátu 8,33 miliardy USD, protože pokles Bitcoinu letos o 27 % snížil hodnotu jejích držeb. Hodnota 843 775 BTC klesla na 54,77 miliardy USD, tedy pod pořizovací cenu 63,69 miliardy USD.
Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio.
Summary
Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company posted an $8.22 billion net loss, equal to $24.45 per diluted share. A $3.75 billion dollar reserve provides 2.1 years of preferred dividend coverage under Strategy’s policy. Strategy’s Bitcoin decline drives $8.33B loss Bitcoin traded near $64,700 following Strategy’s earnings announcement, down from approximately $88,400 at the end of 2025. That decline left the company’s holdings valued below their aggregate purchase cost.
Strategy recorded an $8.32 billion unrealized loss on digital assets during the quarter, contributing to an operating loss of $8.33 billion. The results reversed the $14.05 billion unrealized gain recorded in the same quarter a year earlier.
The company reported a net loss of $8.22 billion, or $24.45 per diluted common share. Strategy posted net income of $10.02 billion, or $32.60 per share, during the comparable period last year.
Strategy shares were mostly unchanged in after-hours trading following the earnings release, suggesting investors had largely expected Bitcoin’s decline to weigh on the results.
Bitcoin holdings fall below Strategy’s acquisition cost Strategy held 843,775 BTC as of July 26, an increase of 25% since the start of the year. The position had an original cost of $63.69 billion, including fees and expenses, and a market value of $54.77 billion.
Its average purchase price stood at approximately $75,476 per Bitcoin. With BTC trading near $64,700 after the report, the company’s position was about $10,776 underwater per coin based on its average acquisition cost.
The gap placed the total portfolio roughly $8.92 billion below its original cost. However, the reported quarterly loss was largely unrealized, meaning it reflected changes in Bitcoin’s market value rather than losses from selling the full position.
As crypto.news reported earlier, Strategy made no Bitcoin purchases between July 20 and July 26. Its total holdings remained unchanged at 843,775 BTC during that period.
The company has nevertheless sold approximately $218.4 million in Bitcoin this year to help fund preferred stock dividends. Those sales remain small relative to its overall digital asset reserve but show that Strategy is using part of the portfolio to meet financing obligations.
Strategy raises cash while reducing convertible debt Strategy’s core software business generated quarterly revenue of $122.4 million, up 6.9% from $114.5 million a year earlier. Gross profit reached $81.6 million, representing a margin of 66.6%.
The company raised $17.06 billion through its capital markets programs during the year and reported a Bitcoin yield of 4.5%. That internal metric measures the change in Bitcoin held per assumed diluted share and does not represent a conventional investment yield.
Strategy also cut its convertible debt by 18% to $6.71 billion after repurchasing $1.5 billion of notes at a discount. The move reduced part of the company’s debt burden as lower Bitcoin prices placed pressure on its balance sheet.
Its U.S. dollar reserve rose by $525 million to $3.75 billion. Strategy said the reserve provides 2.1 years of coverage for preferred stock dividends under its current policy, although the calculation does not guarantee payments under every market condition.
Separate $1 billion repurchase programs have also been established for Strategy’s common shares and digital credit securities. The programs give the company the option to buy back securities but do not require it to use the full authorized amounts.
What the results mean for US investors Strategy remains one of the largest publicly traded corporate Bitcoin holders, giving U.S. investors indirect exposure to BTC through its securities. Its shares can respond to Bitcoin prices as well as debt costs, equity issuance, preferred dividends and changes in the company’s capital structure.
The second-quarter loss shows how Bitcoin volatility can produce large swings in reported earnings. Strategy moved from a $14.05 billion unrealized digital asset gain a year earlier to an $8.32 billion unrealized loss this quarter.
Its increased cash reserve and lower convertible debt provide additional financial flexibility, but Bitcoin remains below the company’s average purchase price. Further declines could deepen unrealized losses, while a recovery above $75,476 would move the portfolio back above its aggregate acquisition cost.
OFAC sankcionoval dvě firmy napojené na IRGC za údajné vydírání lodí v Hormuzském průlivu prostřednictvím povinného pojištění. Jedna z nich přijímala platby v bitcoinu (BTC) a dalších digitálních aktivech.
The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two firms accused of supporting an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring them to purchase maritime insurance.
Wednesday’s designations hit the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, known as Hormuz Safe. Treasury says the policies extract revenue while covering risks that Iran itself creates.
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How Iran’s Hormuz Insurance Scheme Drew US Sanctions The IRGC reportedly began collecting transit fees from tankers passing through the Strait of Hormuz in April, with charges starting at approximately $1 per barrel.
The Treasury said the insurance scheme was created to offset revenue lost following Operation Epic Fury. Treasury Secretary Scott Bessent linked the initiative to Iran’s worsening economic conditions.
“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” he said.
According to the department, Iran established the “illegitimate schemes” through the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority.
It said Iran’s Ministry of Economy developed HormuzSafe. It offers insurance, traffic control, security, and emergency response services to vessels transiting the strait.
The firm accepts payments in Bitcoin (BTC) and other digital assets as part of Iran’s efforts to circumvent Western sanctions.
The Treasury also noted that Iran’s insurance regulator created the Persian Gulf Marine Insurance Company, which issues policies approved by the Persian Gulf Strait Authority.
OFAC sanctioned the IRGC-backed authority on May 27. It has now designated both the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority under Executive Order 13902 for operating in Iran’s financial sector.
In addition, OFAC sanctioned eight shipping companies and identified eight oil tankers as blocked property. The operators are registered in Hong Kong, the Marshall Islands, and China. According to the Treasury, the vessels transported Iranian crude oil and petroleum products.
The agency has now sanctioned more than 100 shadow fleet vessels since January. The latest measure is part of a broader US enforcement action against Iran.
In mid-July, the Treasury sanctioned four cryptocurrency wallets linked to Iran’s central bank. At the same time, Tether froze approximately $131 million in USDT held in those addresses.
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Arqitech dokončil první atomic swapy podle Canton Token Standard V2 na Canton MainNetu, které umožňují institucím směňovat Canton Coin přímo za Bitcoin, Ethereum, Solana a TRON bez bridge a prostředníků.
Arqitech has completed the first Canton Token Standard V2 atomic swaps on the @CantonNetwork MainNet, marking a significant step in bridgeless cross-chain settlement for institutions. The transactions allow institutions to exchange Canton Coin (CC) directly on-chain for Bitcoin, Ethereum, Solana, and TRON assets in a secure, all-or-nothing manner, without handing control of assets to any middleman and without using bridges or wrapped tokens.
What the V2 Standard Changes Arqitech collaborated with Digital Asset on the Canton Token Standard CIP-0112, now known as V2, which was approved by the Canton Foundation (@CantonFdn) in June 2026. The standard introduces committed allocations, an irrevocable lock until a defined settlement deadline, giving the Canton leg of a cross-chain HTLC the same timelock guarantees institutions expect from native chain settlement. The standard now underpins advanced institutional uses such as trustless atomic swaps and regulated real-world asset settlement.
Arqitech's Atomic Swap Protocol is built so that every participant signs their own transactions, whether through enterprise key-management systems or their own private nodes. Validator nodes only prepare and submit instructions that have already been signed, keeping full custody with participants at every step.
Institutional Counterparties Already Active Earlier live swaps on Canton MainNet took place between Arqitech, MPCH, Pixelplex, and sFOX, with each institution exchanging Canton Coin for USDC. Every party retained full control of its private keys within its own wallet, demonstrating that regulated institutions can complete secure, atomic cross-chain transactions while maintaining custody of their assets.
Arqitech's deployment is live on Canton MainNet, and the atomic swap capability is set to open to customers in the coming weeks. Brian Wasserman, CEO of Arqitech, said: "Our Atomic Swap Protocol delivers native on-chain swap interoperability, liquidity and settlement rails, while meeting the same custody, audit, and risk standards institutions require."
The development adds to a broader build-out on Canton. Arqitech provides banks, asset managers, hedge funds, and prime brokers with direct API access to trustless swaps, DEX aggregation across 32-plus chains and 20-plus DEXs, privacy-enabled settlement on Canton Network, and regulated real-world asset pathways, all while clients retain custody.
Sources:
Arqitech Deploys Canton Token Standard V2 in its Atomic Swap Protocol (GlobeNewswire, July 28, 2026)
Institutional Execution of Full Featured HTLC Multi-Chain Swaps with Canton (GlobeNewswire, July 23, 2026)
