CleanSpark produced 586 BTC in July, sold 229 BTC at market rates, and exercised calls on an additional 350 BTC. Combined, that’s 579 BTC leaving the treasury through sales and options activity, against 586 BTC coming in from mining. The math leaves a 7 BTC surplus, moving the treasury from 13,924 BTC on June 30 to 13,931 BTC on July 31.
The average sale price for BTC sold in July came in at $66,133, a figure that includes premiums collected from options.
Advertisement
Worth flagging: 4,070 BTC of the company’s 13,931 BTC total is tied up as collateral or receivables linked to derivative instruments. So the freely accessible portion of the treasury is meaningfully smaller than the headline number suggests.
For 2026 as a whole, CleanSpark has produced 4,310 BTC. The July figure of 586 BTC represents a single month’s contribution to that running total, and the company’s operational hashrate hit 50 EH/s with peak fleet efficiency recorded at 16.07 joules per terahash.
The lease deal that changes the longer-term picture The treasury update didn’t arrive alone. CleanSpark also announced a 20-year triple-net lease alongside the operational figures, a contract structured to generate $6.6B in contracted revenue over its life. The tenant covers property taxes, insurance, and maintenance, leaving CleanSpark to collect rent with minimal ongoing expense. The lease covers data center capacity aimed at AI and high-performance computing workloads.
The 4,070 BTC in collateral is the tell. Pledging Bitcoin as collateral for derivative transactions rather than selling it outright is a way to access liquidity without triggering a taxable event and without permanently reducing the treasury.
The $6.6B lease announcement complicates any simple read of CleanSpark as a pure Bitcoin play. Investors who bought in for direct Bitcoin exposure now own a piece of a company with substantial locked-in revenue from AI and HPC data center leasing.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The President Donald Trump-backed media company, Trump Media and Technology Group, is pulling back from two of its crypto deals, according to a report by Axios.
The publication reported Friday that the two deals with Crypto.com — a prediction market and treasury — would not go ahead.
Citing comments from fusion energy company TAE’s interim CEO, Kevin McGurn, the publication said that Trump Media had pulled the deals as the market for digital asset treasury companies had become saturated over the past year.
Trump Media last year said it was working with crypto exchange Crypto.com to build a Cronos treasury with $6.4 billion in backing. Cronos is the native coin of Crypto.com’s platform.
It later in 2025 said it was working with Crypto.com on Truth Predict, a betting platform to allow users to put money on sports games, elections and other events.
Digital asset treasuries exploded in popularity last year, with companies following in the footsteps of Nasdaq-listed software company Strategy to build balance sheets with Bitcoin and other cryptocurrencies.
But a slump in prices since October has hurt the stock of a number of companies who adopted the business idea.
McGurn was quoted saying that the decision to scale back was driven more by “competitive dynamics” rather than regulatory concerns surrounding a crypto company backed by the president.
President Trump campaigned on a ticket to help the crypto space and received backing from major players in the space.
The president since taking office has launched a meme coin and he and his family backed a crypto project, World Liberty Financial.
Axios added that the exchange-traded funds debuted last year by Trump Media, special purpose acquisition company Yorkville Acquisition Corp., and Crypto.com would continue.
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.
Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock. (ABTC)Summary
American Bitcoin board member Justin Mateen bought a combined 306,981 shares of the company on Aug. 5-6 for roughly $1.93 million.The purchases came days after the Trump-backed bitcoin miner reported second-quarter results and highlighted growth in its bitcoin treasury and mining operations.Following the transactions, Mateen owns 492,297 Class A shares, adjusted for the company's recent reverse stock split.Justin Mateen, a director of the board at American Bitcoin (ABTC), the mining company backed by U.S. President Donald Trump’s family, purchased nearly $1.93 million worth of the company's stock over two consecutive trading sessions this week, following the company's latest earnings report.
According to regulatory filings, Mateen bought about 145,000 Class A shares on Aug. 5 for roughly $925,000 at an average price of $6.40 per share. He followed that with the purchase of about 162,000 shares on Aug. 6 for approximately $1 million at an average price of $6.19 per share.
Combined, the purchases amounted to 306,981 shares for approximately $1.93 million.
Following the transactions, Mateen beneficially owns 492,297 shares of American Bitcoin's Class A common stock, reflecting adjustments made after the company's recent reverse stock split.
Mateen is a co-founder of Tinder and an ABTC board member since March 2025.
American Bitcoin, which counts Eric Trump and Donald Trump Jr. among its backers, is a Nasdaq-listed bitcoin BTC$64,826.31 mining and accumulation company. The firm has positioned itself as a vehicle for building bitcoin exposure through a combination of large-scale mining and purchases for its corporate treasury, making insider buying closely watched by investors betting on the company’s strategy.
The Miami-based firm reported second-quarter results this week, posting a net loss of about $57 million while ramping up its mining output and bitcoin holdings.
The company mined roughly 932 bitcoin during the quarter, its highest quarterly production to date, and grew its treasury to more than 8,000 BTC as it continued its mine-and-hold strategy.
Matt Prusak, former president and interim chief financial officer of American Bitcoin, left the company to join Giga Energy, CoinDesk reported earlier this week.
Read more: Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Related Assets
12345678910
Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
The miner's BTC holdings dropped 29% year over year as the company sold to support liquidity and capital projects.
MARA Holdings, the largest publicly traded Bitcoin miner, reported a net loss of over $611 million for the second quarter of 2026, as revenue fell 27%, the company said in a shareholder letter released August 6.
The quarter shows a widening gap between MARA’s growing computing capacity and the falling value of the Bitcoin on its balance sheet, with holdings down nearly a third even as the company mined more units than a year ago.
Bitcoin Price Decline Hits MARA’s Quarterly Results According to MARA, revenue in Q2 2026 fell 27% year over year to $174.9 million from $238.5 million. The company posted a net loss of $611.3 million, compared with net income of $808.2 million a year earlier, while adjusted EBITDA dropped to a loss of $360.9 million from a positive $1.2 billion.
The company attributed much of the decline to Bitcoin’s lower price. Revenue benefited from higher production, but a 28% year-over-year drop in Bitcoin’s average price reduced revenue by about $65.9 million.
MARA also posted an unrealized loss of $343 million on its digital holdings as BTC fell about 45% from the same period last year, moving from a large mark-to-market gain in 2025 to a large paper loss in Q2 2026.
Operationally, the miner continued to expand. Energized hashrate climbed 22% to 70.3 EH/s, while production rose 3% to 2,422 BTC, and total blocks won increased to 700. Cost per petahash per day improved by 4%, although purchased energy cost per Bitcoin increased to $38,690 as power expenses and network difficulty rose faster than the company’s hashrate growth.
MARA ended June with 35,577 BTC worth about $2.1 billion, down 29% from a year earlier. The holdings included 9,270 BTC that were either loaned or pledged as collateral.
You may also like: Bitcoin Barely Budges as Weak US Jobs Data Cuts Fed Hike Odds to 44% Micro Bitcoin (BTC) Holders Are Vanishing at the Fastest Pace Since December 2024 Bitcoin Miners Are Selling Again: Here’s How Much BTC Was Reportedly Offloaded During the quarter, the company mined 2,422 BTC, sold 2,213 BTC at an average price of $73,078, and generated about $4.3 million in interest income by lending 4,742 BTC. Management said it expects to continue selling the flagship cryptocurrency opportunistically to support liquidity and capital projects when market conditions warrant.
Company Presses Ahead With AI Infrastructure Strategy Spot On Chain’s Hupzy flagged the results, writing that MARA is “liquidating its BTC treasury to fund operations.” The account called it a supply overhang rather than a one-time event, noting production rose just 3% while holdings fell close to a third, and said the firm’s approximately $2.5 billion in combined cash and Bitcoin sets a ceiling on how much more it can sell.
Recall that between March 4 and 25, the miner sold 15,133 BTC for about $1.1 billion, using most of the proceeds to repurchase around $1 billion in convertible notes due in 2030 and 2031, alongside a roughly 15% workforce cut. It also moved 200 units valued at about $12.86 million to NYDIG yesterday.
The company is now focusing on building infrastructure beyond Bitcoin mining, noting in the shareholder letter that it is awaiting regulatory approval for its Long Ridge acquisition and recently secured rights to a powered land site in Matagorda County, Texas.
If approved, those projects could expand its power portfolio to as much as 4.8 gigawatts as the company continues directing more capital toward AI and high-performance computing alongside its core Bitcoin mining business.
Phong Le wants you to think about Strategy the way you think about Nvidia. Not the chips, not the software, but the market position: a company so dominant in a transformative technology that competitors are essentially playing catch-up by definition.
The Strategy CEO made the comparison directly, saying the firm aims to be the Nvidia of digital assets by holding the most Bitcoin.
The world’s largest Bitcoin treasury, by a wide margin Strategy, the company formerly known as MicroStrategy, holds approximately 845,000 BTC as of mid-2026. That figure represents more than 4% of Bitcoin’s total supply, a concentration that no other publicly traded company comes close to matching.
Advertisement
Le has led the company since 2022, though his tenure at Strategy stretches back to 2015, when he joined as CFO and later served as COO. He inherited a playbook written largely by executive chairman Michael Saylor, who pioneered the corporate Bitcoin treasury model starting in 2020, and he has since pushed the strategy further and faster.
Capital structure as competitive moat One of the less-discussed parts of Strategy’s playbook is how it funds continued Bitcoin accumulation. The company has leaned on preferred share products, including an instrument called STRC, to raise capital and direct it toward further purchases.
Le has also been candid about the firm’s occasional small Bitcoin sales. A recent example involved the sale of 32 BTC, framed explicitly as a liquidity management tool rather than a shift in conviction.
On stress-testing the position: Le has said publicly that the company remains comfortable with Bitcoin prices as low as $8,000 to $10,000.
Le has also suggested that Strategy’s performance metrics could triple those of Nvidia, a claim tied directly to Bitcoin’s price trajectory.
What the Nvidia analogy actually implies The more apt institutional comparison Le has also drawn is to JPMorgan in traditional finance: a firm so central to its market’s infrastructure that its activities are impossible to ignore and difficult to route around. Strategy is positioning itself as that kind of counterparty in the Bitcoin ecosystem, the entity other institutions call when they want to understand how corporate Bitcoin ownership works.
The company does maintain an analytics and business intelligence operation, and Le has spoken about integrating AI capabilities into that business, but the Bitcoin holdings are the story and the market knows it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The profitability clock is ticking louder for Bitcoin miners. On August 6, nearly one in four mainstream mining machines tracked by data centers was operating in the red. According to the original report from WuBlockchain Data Center, 22.7% of 22 major ASIC models were generating negative daily net returns after accounting for electricity costs and current network assumptions. For an industry that lives on thin margins, that is a signal the market ignores at its own risk.
The figure does not mean all those machines have shut down—yet. But it places a spotlight on the shutdown price of even the most energy-efficient hardware, pegged at an estimated $46,787. Below that Bitcoin level, top-tier units would only break even. For older, less efficient rigs, the pain threshold is higher. When spot prices flirt with levels that make daily operation a losing game, operators face a stark choice: power down or bleed cash.
Hashrate and the Inevitable Adjustment When unprofitable miners disconnect, network hashrate initially drops. That triggers Bitcoin’s built-in difficulty adjustment, which resets lower roughly every two weeks. In turn, the cost to mine per coin falls for those who remain, slowly restoring equilibrium. The cycle is well understood, but it does not erase the short-term risks. If BTC slides further and stays below $47,000 for an extended period, the speed of the exodus could outpace the difficulty recalibration, leaving a temporary gap where transaction processing slows and mining centralization increases among well-capitalized fleets.
Another variable is the broader energy market. Many large-scale miners have locked in power purchase agreements, meaning their actual breakeven may differ from this generic estimate. Still, the headline number from the data center captures sentiment. It tells exchanges, hedge funds, and futures markets that a chunk of the network is underwater, and any forced selling of mined coins to cover operational costs could amplify downward pressure.
Post-Halving Margins and Strategic Shifts Since the 2024 halving slashed block rewards to 3.125 BTC, the industry has been on a constant hunt for cheaper electricity and higher-performance chips. Several public miners have pivoted toward high-performance computing and AI data center hosting, recognizing that Bitcoin mining alone may not sustain valuations if hashprice—the revenue per unit of hashrate—stays depressed. This latest profitability snapshot reinforces why diversification became a survival strategy. It also explains the wave of mergers, acquisitions, and fleet upgrades that defined the past year.
What the data does not show is how much of the current hashrate belongs to machines that are financially hedged. Miners can use derivatives or bitcoin-backed loans to smooth out cash flows, buying time even when daily returns turn negative. That means the 22.7% figure is a warning light, not a death sentence. However, it strips away the narrative that all major operators are comfortably profitable at current spot prices. A large segment is not, and the market is now acutely aware of the level at which deeper problems begin.
What Matters Next The path of Bitcoin price will determine whether this data point becomes a footnote or a catalyst. Above $48,000, most top-tier miners stay in the green, and the network hums along without major disruption. But if the price retests or breaks below $46,500, the conversation shifts from “miner profitability” to “miner surrender,” a phase historically linked to local price bottoms. For now, the market is watching whether these marginally unprofitable units actually stop hashing—and if their operators choose to sell inventory instead of waiting. That dynamic, more than any single profitability percentage, will shape the next move in both hashrate and price.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
BlackRock’s ETFs linked to Bitcoin and Ethereum experienced a sharp reversal in the second quarter of 2026. Their activity on shares changed from a net increase of $13.9 billion a year earlier to a decrease of $3.5 billion. An annual gap of $17.4 billion that mainly reveals the scale of redemptions.
In brief IBIT and ETHA show a combined net decline of $3.5 billion. The gap with the 2025 increase reaches $17.4 billion. The 106,148 BTC declared do not necessarily correspond to direct sales. The IBIT Bitcoin ETF incurs $2.9 billion in net outflows BlackRock’s iShares Bitcoin Trust concentrates most of the reversal. This evolution continues a sequence during which BlackRock had already sold over a billion dollars of Bitcoin via IBIT, due to redemption requests presented by investors. Between April and June 2026, IBIT recorded $4.3 billion in contributions linked to the issuance of new shares.
At the same time, distributions associated with the redeemed shares reached $7.2 billion. The balance thus stands at -$2.9 billion. The Ethereum fund ETHA also shows a decrease. Its share creations amounted to $943.3 million, against about $1.5 billion distributed in redemptions. Its net contraction thus reaches $583.4 million. Together, the two BlackRock crypto ETFs lose $3.5 billion on this accounting line.
The $17.4 billion shock comes from the annual comparison. In Q2 2025, IBIT and ETHA had recorded a combined increase of $13.9 billion thanks to share creations. One year later, their balance becomes negative $3.5 billion. The gap between these two periods thus reaches $17.4 billion.
The 106,148 bitcoins do not all represent exchange sales Regulatory documents show 106,148 BTC in a category dedicated to assets used during share redemptions. This impressive volume can give the image of a massive Bitcoin sale. However, the technical reality requires more caution.
Since 2025, authorized participants can perform certain creations and redemptions in kind. They can therefore receive bitcoins directly when IBIT shares are canceled. Not all 106,148 BTC concerned have necessarily been sold for dollars on a platform. Part of it may have been transferred directly to intermediaries.
Fund notes notably mention $3.85 billion in in-kind distributions for Bitcoin. They do not provide the exact breakdown between BTC transferred directly and those actually sold. They also do not identify the investors behind the redemptions.
This distinction prevents an exaggerated interpretation. The figure of $17.4 billion does not measure a loss suffered by Bitcoin holders. It also does not prove that BlackRock has liquidated this amount on the market. It reflects the shift from strong share creation to a period dominated by redemptions.
The movement nevertheless confirms a change in institutional behavior. Several major players have already reduced their positions in crypto funds, as illustrated by the massive retreat of institutional exposures to Bitcoin and Ethereum. The market no longer benefits from the almost automatic accumulation observed after the launch of spot ETFs.
Bitcoin must now confirm the return of buyers The first sessions of August offer a beginning of stabilization. Between August 3 and 5, IBIT attracted $478.5 million. ETHA received $83.8 million. These $562.3 million however represent only 15.9% of the net contraction of $3.5 billion recorded in the second quarter.
At this rate, nearly 19 sessions would be necessary to compensate an equivalent amount. Still, entries would have to remain constant. A handful of positive days is therefore not enough to confirm the end of redemptions.
The true indicator will be the duration. Regular flows over several weeks would show that institutional demand is returning. An alternation of inflows and outflows would rather signal a cautious market, in which investors use Bitcoin ETFs to quickly adjust their exposure.
SEC documents ultimately reveal less a Bitcoin collapse than a change of cycle for BlackRock products. The massive creations of 2025 have given way to arbitrage and redemptions. The recent recovery, when American ETFs attracted capital despite Bitcoin’s decline, will have to continue to erase this accounting shock of $17.4 billion.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
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.
A wave of sophisticated thefts has shaken the cryptocurrency community, exposing a critical flaw affecting the core security of widely used web and mobile wallets. Attackers leveraged a longstanding vulnerability in the CryptoJS JavaScript library to brute-force secret seed phrases, compromising user funds with alarming ease.
Flaw in CryptoJS exposes hundreds of walletsThe vulnerability, identified as “Ill Bloom,” has been linked to the theft of assets from over 2,100 wallet addresses on major blockchain networks including Bitcoin, Ethereum, Tron, Rootstock, and Polygon. Losses attributed to this exploit have now surpassed $5.7 million.
Normally, a standard 12-word seed phrase is designed to be virtually unbreakable, requiring computational timescales beyond the age of the universe to crack. However, CryptoJS library versions 3.x, specifically those starting with 3.1.2 except for 3.2.0 and 3.2.1, had a critical defect in their random number generation functions.
This bug caused the affected versions to produce only weak pseudo-randomness, drastically reducing the number of possible seed phrase combinations and making brute-force attacks feasible even on ordinary home computers.
Compounding the problem, CryptoJS was quietly embedded within hundreds of software packages. Wallet developers widely integrated it without awareness, inadvertently exposing users across many applications.
More than 2,100 wallet addresses across Bitcoin, Ethereum, Tron, Rootstock, and Polygon have fallen victim to Ill Bloom, with total losses above $5.7 million.
The first large-scale incident linked to Ill Bloom occurred on May 27, 2026, when attackers compromised 431 wallets in one day, siphoning off $3.14 million. Bitcoin investors suffered the greatest impact, losing $2.57 million. Ethereum, Rootstock, Tron, and Polygon users also faced significant losses, with values ranging from $23,000 to $286,000 across these networks.
Impacted wallets and user safeguardsBy August, applications confirmed as affected included RWallet (also known as RRWallet), Bexo Wallet, NanChat, Bitcoin Libre, and Milo Wallet. Some projects, notably Milo and RWallet, have ceased operations, leaving users with no dedicated support channels.
Developers of Bitcoin Libre responded by patching the bug in earlier releases. NanChat has issued a new security fix for its users, while an update for Bexo Wallet was still under review in app stores at the time of reporting.
Security researchers warn that updating wallet applications alone is not enough to safeguard user assets. Seed phrases created on versions affected by Ill Bloom remain fundamentally vulnerable, as their entropy was compromised from the start.
Specialists recommend that users review all public addresses potentially exposed, and if risk is detected, immediately transfer funds to freshly generated wallets. They urge the community to avoid storing substantial sums in browsers or mobile wallets whose keys were created with unsafe libraries.
For investors aiming to minimize risks and closely monitor their digital assets, leveraging advanced portfolio tools is vital. CryptoAppsy, for example, eliminates account setup complexity and brings together investments, real-time pricing, and multi-currency management on a single platform. By using features such as smart price alerts, coin-specific news filtering, instant tracking of new altcoins, and macroeconomic data like Fed interest rates, users can remain vigilant and ready to react to changes in market conditions.
Experts emphasize that if a wallet’s seed phrase originated from the defective CryptoJS versions, only migrating to a new wallet that generates fresh keys can restore full security.
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.
Coinglass data shows 76,590 traders were liquidated in the past 24 hours for $201.31 million. SoSoValue data shows net inflows of $128.7 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $92.2 million. In the past 24 hours, top losers include Audiera, Ondo and Filecoin. Notable Developments:
CLARITY Act Delayed to September but Bitcoin ‘Doesn’t Really Care,’ Experts Say Trump Says ‘Crypto Is a Big Deal, People Are Paying With Bitcoin’ Bold Analyst Declares the ‘Bitcoin Bull Market Is Here’—3 Signals Why He May Be Right CLARITY Act Delay Means It’s ‘Pretty Much Dead,’ Expert Says: Bitcoin, Ethereum Don’t Care Tom Lee Says ‘Just A Matter Of Time’ Until Bitcoin, ETH Get Going Again MSTR Up 5%, Targets $105 Resistance For the Third Time: What’s Happening? Bitcoin Taps $65,000 but History Suggests One More Shakeout May Be Coming Trader Notes:
Senator Cynthia Lummis (R-Wyo.) expressed frustration in an X post over the CLARITY Act’s stalled progress but vowed to keep pushing for its passage, saying lawmakers have “come too far to quit now.”
Lummis argued the bill is necessary to establish clear U.S. crypto rules, protect consumers from scams and give law enforcement tools to target bad actors. She pledged to continue working with colleagues, declaring that the “fight is far from over.”
Trader Gum sees Bitcoin closely repeating its previous bear-market cycle, with a potential mid-August grind higher followed by a prolonged decline to new lows. A revisit of $57,000 could trigger a breakdown to attractive long-term accumulation levels.
CryptosBatman explained Bitcoin whale activity is mixed, with wallets holding over 10,000 BTC selling for three straight months while 1,000–10,000 BTC holders remain neutral. Meanwhile, 100–1,000 BTC wallets have steadily accumulated. Overall whale holdings have recovered to 3.06 million BTC from 2.87 million in December 2025.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are showing surprising resilience despite fading hopes for near-term U.S. crypto legislation.
Crypto Shrugs Off ClarityIn a Schwab Network interview on Aug. 6, Charles Schwab equity research director Adam Lynch noted that the CLARITY Act is "pretty much dead." He added that he does not expect much progress on the legislation for now.
Still, Bitcoin has held relatively firm above $65,000 after briefly dropping to around $62,500 at the beginning of August.
Lynch said the muted response suggests passage of the CLARITY Act was not heavily priced into cryptocurrency valuations.
Ethereum has performed even better with an approximate gain of 18% since June 1, compared with about 7% for Bitcoin.
XRP (CRYPTO: XRP), meanwhile, has lagged the largest cryptocurrencies, falling around 5% over the past month.
Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) increased almost 2% over the past 24 hours.
The Coldcard wallet exploit potentially encouraged some investors to shift toward spot Bitcoin ETFs rather than self-custody their assets.
SoSoValue data shows $754 million of inflows into BTC ETFs this month compared with around $195 million for Ethereum products.
Fed Becomes Next CatalystWith the CLARITY Act fading as an immediate catalyst, Lynch sees inflation and monetary policy potentially becoming more important for crypto prices.
He argued that another acceleration in inflation could encourage investors to rotate toward Bitcoin due to its independence from government-controlled monetary supply.
The Federal Reserve’s September meeting, however, could present a downside risk.
"Anytime the interest rates are going up, you’re going to see things like stocks and Bitcoin and others probably drop a little bit," he said.
AI Pivot Offers BrightspotCrypto-related equities faced a difficult Q2 earnings season, Lynch said, with several companies reporting revenue or other financial misses.
Bitcoin miners were particularly challenged as weaker BTC prices pressured their core mining businesses.
However, Lynch identified miners expanding into AI and data-center infrastructure as relative winners.
Core Scientific (NASDAQ:CORZ) and Cipher Mining (NASDAQ:CIFR) delivered stronger reports and stock-price performance as their businesses increasingly benefit from AI infrastructure demand.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Morgan Stanley has significantly increased its Bitcoin holdings, now totaling approximately $400 million. The banking giant’s recent moves have attracted considerable attention from both institutional investors and the broader crypto community, especially as market volatility continues to challenge investor sentiment.
Continuous Bitcoin PurchasesData from Arkham Intelligence reveals that Morgan Stanley has purchased Bitcoin for three consecutive days. This sustained accumulation comes just months after the launch of the firm’s MSTU Bitcoin ETF in April, demonstrating an ongoing strategic focus on crypto assets.
The purchases highlight Morgan Stanley’s determination to strengthen its exposure to Bitcoin at a time when the price has fluctuated around $64,000, with market sentiment wavering between positive and negative territory.
These actions suggest that regardless of the short-term price direction, the bank continues to view Bitcoin as an essential component of its broader digital asset strategy. Market analysts are closely monitoring whether these acquisitions point to long-term conviction or are positioned as tactical moves aimed at managing liquidity.
Expanding Crypto ETF OfferingsMorgan Stanley’s focus extends beyond just Bitcoin. The company has introduced what it describes as the lowest-cost Ethereum and Solana exchange-traded funds, seeking to provide institutional clients with a broader suite of crypto investment vehicles.
With these developments, Morgan Stanley is reinforcing its position as a key issuer in the crypto ETF landscape. The firm aims to offer institutional customers seamless, cost-efficient access to cryptocurrencies, expanding beyond traditional products to meet growing client interest in digital assets.
Following its steady Bitcoin accumulation, further data showed that the banking giant now holds about $400 million worth of Bitcoin, signaling its conviction in the asset despite the market downturn.
Market Dynamics and Investor DebateThe timing of these purchases has fueled discussions among market watchers. Some analysts propose that the moves reflect a strong, long-term belief in Bitcoin’s future potential from one of Wall Street’s largest players, while others question whether Morgan Stanley is primarily responding to short-term liquidity needs.
Given Bitcoin’s unpredictable price action and ongoing fluctuations around key resistance levels, close monitoring of institutional activity remains crucial for market participants. Investors are watching for signals that could either confirm Morgan Stanley’s conviction or reveal more complex motivations behind the bank’s strategy.
As the landscape for digital and traditional assets continues to converge, platforms like 1stepSwap are also gaining traction. By enabling direct wallet access to shares of major US companies and commodities such as gold and silver, 1stepSwap exemplifies new models for integrating real-world assets with blockchain technology. The platform’s standout feature—locating the best market price at any moment—allows users to seamlessly diversify their portfolios and execute trades on some of the largest stocks in seconds, without complex middlemen or procedures.
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.
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
4 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
4 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
4 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
4 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
4 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
4 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
4 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
4 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
4 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
4 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Bhutan Breaks a 30-Day Silence With Fresh Bitcoin TransferThe Royal Government of Bhutan has returned to the market, transferring 434.87 $BTC worth approximately $27.93 million to exchange-linked addresses, according to on-chain data flagged by Lookonchain. The move ends a 30-day period of inactivity from the kingdom's tracked wallets and signals that Bhutan's steady monetization of its sovereign Bitcoin reserves remains ongoing.
The transfer fits a well-established pattern. Transfers to trading firms appear to reflect a planned treasury drawdown and liquidity management strategy rather than panic selling, with every sale effectively pure profit given Bhutan's near-zero mining costs. Bhutan has typically broken sales into smaller batches rather than executing large single transactions.
A Sovereign Reserve in Steady DeclineThe state-owned investment arm Druk Holding and Investments (DHI) accumulated Bitcoin through mining operations powered by the country's abundant hydroelectric resources, but holdings have fallen sharply from a peak of roughly 13,000 BTC. At its peak in late 2024, the country's holdings were estimated at nearly 13,000 BTC. Since then, more than 70% of that balance has been moved out through repeated transfers.
Bhutan has sold more than $200 million worth of Bitcoin since the start of 2026. Bhutan's realized profit from Bitcoin is estimated at more than $750 million, and because the coins were mined using domestic hydropower, the cost basis may be far lower than open-market purchases.
The April 2024 block reward halving doubled the cost of producing each coin, and Bhutan's mining output experienced a significant drop compared to 2023, a period when the country mined an estimated 8,200 BTC. It has now been over a year since Bhutan registered a mining inflow exceeding $100,000 to its identified addresses. Without fresh production replacing sold coins, the reserve continues to shrink with each transfer.
The government previously pledged up to 10,000 BTC for its Gelephu Mindfulness City project, but current reserve levels have dropped to a point where achieving that target appears increasingly difficult. At the current pace, analysts estimate that Bhutan's remaining Bitcoin could be exhausted by around October 2026, assuming the government continues selling at recent rates and does not restart major mining operations.
Sources:
CoinDesk: Bhutan moves another 500 Bitcoin to exchanges as 2026 outflows top $150 million
CoinPaper: When Will the Royal Government of Bhutan Stop Selling Bitcoin?
Cryptopolitan: Bhutan sells another 100 BTC as sovereign reserve heads toward zero
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
4 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
4 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
4 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
4 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
4 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
4 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
4 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
4 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
4 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
4 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Key HighlightsGovernment Procurement Process Awards Contract to DunamuAdvanced Security Infrastructure Protects Seized AssetsAsset Disappearances Drive Demand for Enhanced Security Dunamu secures one-year contract to protect digital assets confiscated by South Korean law enforcement. The Upbit Custody platform will handle seized cryptocurrencies with 24/7 security monitoring. Multi-signature technology and cold storage wallets will protect assets in criminal cases. Previous Bitcoin disappearances prompted authorities to seek enhanced custody solutions. Competitive government procurement process selected Dunamu as the winning bidder. The National Police Agency of South Korea has selected Dunamu to handle the storage of digital assets confiscated in criminal cases. The parent company of Upbit obtained this one-year arrangement via the country’s competitive government procurement system. This decision comes after previous incidents of asset disappearances highlighted the need for improved security measures in police cryptocurrency storage.
Government Procurement Process Awards Contract to Dunamu Dunamu emerged victorious from an open bidding process administered by South Korea’s Public Procurement Service. The firm achieved the top technical evaluation score and was designated as the leading candidate for negotiations on July 8. Following successful technical discussions, Dunamu cleared all procurement requirements and was formally awarded the contract.
The contract encompasses custody and management solutions for cryptocurrencies and additional digital assets confiscated by law enforcement authorities. Government procurement documentation indicated the one-year agreement was valued at approximately 267 million won. This figure represented around $195,000 according to prevailing exchange rates during the tender period.
The services will be delivered through Upbit Custody, Dunamu’s specialized institutional-grade digital asset storage solution. The platform operates continuous surveillance and incident response capabilities around the clock. Security operations remain active during overnight hours, weekends, and national holidays to maintain uninterrupted asset protection.
Advanced Security Infrastructure Protects Seized Assets Upbit Custody maintains confiscated digital holdings in a fully offline cold storage environment. The infrastructure keeps custody systems completely disconnected from internet access, minimizing vulnerability to external cyber threats. Dunamu implements multiple key-management protocols engineered to mitigate risks associated with credential compromise.
The custody solution integrates Multi-Party Computation alongside Distributed Key Generation to enhance private key protection. Additionally, multi-signature technology requires multiple authorizations before any asset movement can occur. These security layers distribute key control responsibilities and eliminate single points of failure in credential management.
The platform enables segregated wallet architectures for various asset types and operational requirements. This configuration allows law enforcement to maintain organized records of seized holdings without consolidating all digital assets into a single wallet. Dunamu will deliver these custody capabilities through ongoing surveillance and rigorous internal security protocols.
Asset Disappearances Drive Demand for Enhanced Security South Korean law enforcement agencies encountered heightened scrutiny following multiple incidents of missing cryptocurrencies during criminal proceedings. The Gangnam Police Department reported in February that 22 Bitcoin had vanished from their custody. Officials estimated the value of these missing assets at approximately 2.1 billion won at the time of disclosure.
The Bitcoin in question had been seized during a 2021 criminal inquiry before authorities detected an unauthorized transaction. The hardware cold wallet reportedly remained in police possession throughout the period when the loss occurred. Subsequent investigations examined access logs, key-handling protocols, and blockchain records connected to the disappeared funds.
Additional reported cryptocurrency losses amplified calls for enhanced digital asset security across law enforcement organizations. This pressure led authorities to pursue an external custody provider with specialized infrastructure and continuous protection mechanisms. Dunamu will now oversee police-seized digital assets through the Upbit Custody platform for the duration of the one-year contract term.
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]
Despite numerous promises from Trump, both sides failed to announce a conclusive deal.
After last week’s Federal Reserve FOMC meeting, all crypto eyes remained on the US, but this time it was focused on whether the Senate will vote on the highly anticipated CLARITY Act before the August recess. The decision became known on Thursday evening.
But before that, let’s rewind the clocks to last Friday when bitcoin tried to take down the $65,000 resistance in the morning. The rejection was swift, and the bears pushed it south to $62,400 within hours. The rebound attempt on Saturday was halted, and the next leg down drove it to a monthly low at $62,200.
A bigger relief rally followed on Sunday morning when US President Donald Trump canceled the planned strikes against Iran and suggested that both sides might announce a permanent deal soon. Something that the Middle Eastern country denied. BTC jumped to $63,800, dipped back down to $62,200, and rocketed on Monday to $64,000 almost immediately.
The hopes of a deal intensified in the following days, with some reports claiming that it could be announced on Wednesday. Although this never materialized, BTC still kept itching higher and tapped $65,000 yesterday.
It was stopped there and dipped toward $64,000 on Friday morning after the CLARITY Act bill faced a major setback as the Senate delayed voting on it. Nevertheless, BTC rebounded during the day and touched $65,300 minutes ago, where it was stopped, at least for now.
It now sits inches below $65,000, with a market cap of $1.3 trillion and a 57% dominance over the alts. Many of them have actually posted more impressive gains over the past week, including ADA (19%), ZEC (11.5%), and XMR (6.5%).
You may also like: ‘Bitcoin Doesn’t Need CLARITY:’ Michael Saylor Responds to Bill’s Delay Bitcoin Miners Are Selling Again: Here’s How Much BTC Was Reportedly Offloaded What Happens to Crypto If the CLARITY Act Fails This Week? Hougan Explains BTC: $64,750 (+3.1%) | ETH: $1,910 (+3.4%) | XRP: $1.03 (-2.6%)
This Week’s Crypto Headlines You Can’t Miss XRP Price Slides on CLARITY Delay as Analyst Flags Weak August Trend. The aftermath of the delayed voting on the CLARITY Act resulted in a major leg down for XRP, which dipped to just over $1.00. Meanwhile, Strategy’s Michael Saylor said Bitcoin doesn’t need CLARITY, but America does.
Chainlink Just Saw Its Biggest Exchange Outflow Since June – Bulls Are Watching. Investors pulled out over 1.25 million LINK tokens from cryptocurrency exchanges in just 24 hours, which was the single-highest withdrawal since June. Whale activity has surged as well, suggesting increased confidence among major holders.
Bitcoin Flashes Rare Bullish Divergence – Déjà Vu for BTC? A popular analyst claimed that BTC has bottomed out during this cycle after observing the formation of a bullish divergence similar to past cycles. However, other market commentators warned that there’s still a lot of leverage in the market, which signals instability.
Analyst Forecasts Ethereum Rally to $3K After Key On-Chain Breakout. Ethereum has outperformed BTC and some other larger-cap alts lately, which immediately prompted well-known analysts to speculate about its next big leg up. According to this analysis, the asset’s path toward $3,000 has begun.
Bitcoin Active Addresses Surge to 8-Month High After Coldcard Panic. The other big news over the past week or so was the Coldcard fiasco, which led to millions and millions of dollars worth of BTC being stolen from users keeping their holdings on the hard wallet. Meanwhile, the number of active BTC addresses has rocketed to a multi-year high, in what Glassnode described as a “fear-driven on-chain activity.”
Strategy Sold Over $100 Million in Bitcoin, Buys Back More STRC. The world’s largest corporate holder of bitcoin announced its third BTC sale of the year, disposing of over $100 million worth of the asset. The company used the proceeds to repurchase $81 million worth of STRC and also increased its USD reserve by $250 million.
Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
While the recent sideways movement in Bitcoin’s price has caught the attention of investors, an important warning has come from the options market.
Although volatility in Bitcoin has decreased significantly, the market has not become risk-free, and investors are beginning to price in the possibility of a short-term downward movement.
According to the data, although US spot Bitcoin ETFs recorded net inflows of $754 million in the first week of August, the tendency to hedge against short-term downside risk in the options market is prominent.
Remarkable Increase in Put Options! At this point, 53.8% of the trading volume in Bitcoin options over the last 24 hours occurred in put options.
The majority of the most actively traded contracts were put options with strike prices ranging from $62,000 to $63,000.
This suggests that some investors are positioning themselves against a short-term pullback in Bitcoin from its current levels.
However, the picture in the options market is not entirely bearish. While demand for put options is increasing, 60.7% of total open positions remain in call options, which are bullish bets.
Therefore, while a short-term decline in trading volume is expected, the fact that expectations of an upward trend in total open positions remain dominant indicates that investors in the market are still optimistic about Bitcoin in the long term.
Luke Deans, senior research analyst at Bitwise, interpreting data from the options market, stated that the market currently expects limited volatility, but low trading volume poses a significant risk to price movements.
According to the analyst, even a small movement on the buying or selling side during periods of low trading volume can cause the Bitcoin price to change direction much more sharply than expected. Deans also emphasized that the limited volatility in the Bitcoin price does not mean the market is risk-free.
Finally, the analyst notes that the current picture points not so much to an immediate expectation of a Bitcoin decline, but rather to a market outlook where hedging against short-term risks is increased and investors are preparing for potential volatility.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Key Highlights Marathon Digital reported a quarterly net loss of $611.3 million, marking a dramatic shift from the $808.2 million gain recorded in the same period last year. Total revenues contracted 27% on a year-over-year basis, reaching $174.9 million. The company’s Bitcoin reserves decreased 29% to 35,577 BTC, primarily driven by strategic sales conducted in early 2026. Marathon Digital committed 18,750 BTC as collateral to secure $600 million in additional credit capacity. A proposed $1.5 billion deal to acquire Long Ridge is underway, featuring a 505-megawatt energy facility located in Ohio. Marathon Digital Holdings concluded trading on August 6 at $10.65 per share, marking a 5.25% decline following the release of its second quarter 2026 financial results.
Marathon Digital Holdings, Inc., MARA
The cryptocurrency mining operation disclosed a quarterly net loss of $611.3 million, representing a significant turnaround from the $808.2 million profit achieved during the corresponding quarter of 2025.
Quarterly revenues totaled $174.9 million, reflecting a 27% year-over-year decrease. The company’s adjusted EBITDA registered negative $360.9 million.
The substantial headline loss was significantly impacted by a $343 million unrealized mark-to-market decline on digital asset valuations. The average Bitcoin price tied to mining revenues fell to approximately $71,325, down from $98,975 during Q2 2025.
Marathon Digital closed June holding 35,577 BTC, representing a 29% reduction from the 49,951 BTC held twelve months prior.
The bulk of this reduction stemmed from substantial liquidations during the first quarter of 2026. Marathon Digital divested 20,880 BTC for approximately $1.5 billion to finance operational needs, debt repurchases, and infrastructure expansion initiatives.
During the second quarter, the firm sold an additional 2,213 BTC at an average valuation of $73,078. Simultaneously, the company successfully mined 2,422 BTC throughout the same timeframe, resulting in a modest sequential increase in total reserves.
Among the 35,577 BTC held at the conclusion of the quarter, just 26,307 BTC remained unrestricted. The remaining balance was either allocated to lending programs or secured as collateral obligations.
Leveraging Bitcoin Reserves for Capital Following the quarter’s conclusion, MARA committed an additional 18,750 BTC to establish two Bitcoin-collateralized lending arrangements. This strategic move provided access to $600 million in fresh borrowing capacity through partnerships with Coinbase and Two Prime.
Currently, 54% of Marathon Digital’s Bitcoin portfolio serves as pledged collateral. The firm maintained $421.3 million in cash reserves and approximately $2.5 billion in combined cash and Bitcoin assets at quarter’s end.
From an operational perspective, performance metrics showed improvement. Energized hashrate climbed 22% year-over-year to 70.3 exahashes per second. Bitcoin production advanced 3% to 2,422 BTC. The cost efficiency metric per petahash per day improved 4% to $27.70.
General and administrative expenses escalated to $69.5 million from $40.1 million, partially attributed to $15.4 million in acquisition and integration expenditures alongside a $10.2 million litigation settlement payment.
Diversification Into AI and Computing Marathon Digital is aggressively expanding its footprint in artificial intelligence and high-performance computing infrastructure. The company’s pending $1.5 billion Long Ridge acquisition encompasses a 505-megawatt natural gas power generation facility in Ohio plus a computing campus with potential capacity surpassing one gigawatt.
Long Ridge is projected to generate approximately $144 million in annualized EBITDA, with roughly 70% of production capacity secured under long-term contractual arrangements. The transaction awaits regulatory clearance.
Marathon Digital is simultaneously developing a 1,200-acre property in Matagorda County, Texas, capable of delivering up to two gigawatts of capacity. Company leadership indicates the location requires no utility infrastructure enhancements.
The firm’s aggregate prospective power portfolio could approach approximately 4.8 gigawatts. Management anticipates executing at least two lease agreements prior to year-end, facilitated through its Starwood strategic partnership.
President Donald Trump offered a take on Bitcoin and the dollar that would have sounded like science fiction four years ago: the two aren’t in competition. During a White House press conference on June 27, 2025, Trump said that the rising acceptance of Bitcoin for transactions “takes a lot of pressure off the dollar” and positively impacts the US economy.
What Trump actually said Trump’s comments came during a press conference tied to a Supreme Court announcement. He argued that broader cryptocurrency adoption can create jobs and contribute to economic resilience during downturns. He also framed US leadership in crypto as a competitive necessity, warning that allowing China to gain dominance in digital assets would be a strategic mistake.
Trump made a similar statement in November 2025 at the America Business Forum in Miami, where he reiterated his warning against letting foreign competitors lead in digital asset innovation.
Advertisement
The policy backdrop In March 2025, Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing forfeited Bitcoin already held by the Treasury Department.
Beyond the reserve, the administration has been pushing broader digital-asset legislation, including stablecoin frameworks and bills like the GENIUS Act. The goal, as Trump has repeatedly framed it, is to establish the US as a “crypto superpower.”
The dollar argument, unpacked Trump’s claim that Bitcoin relieves pressure on the dollar inverts the narrative that has dominated crypto discourse for over a decade. The traditional Bitcoin pitch positions it as a hedge against dollar debasement: if the Fed prints too much money, Bitcoin’s fixed supply makes it a lifeboat. Trump is arguing something subtly different — that if global transactions increasingly settle in Bitcoin, the dollar faces less inflationary pressure from its role as the world’s reserve currency.
This echoes a concept economists have debated for decades, sometimes called the Triffin dilemma. Because the dollar serves as the global reserve currency, the US must run persistent trade deficits to supply enough dollars to the world. If Bitcoin absorbs some of that transactional demand, the argument goes, the dollar gets breathing room.
What this means for markets The Strategic Bitcoin Reserve creates a structural floor of demand. The government isn’t just talking about Bitcoin — it’s holding it, intentionally, as a reserve asset. By casting crypto leadership as a race against China, Trump has also given bipartisan cover to legislators who might otherwise be skittish about supporting digital-asset bills.
The executive order establishing the Strategic Bitcoin Reserve creates institutional inertia that’s harder to unwind than a press conference quote. Once Bitcoin sits formally on the government’s balance sheet, removing it becomes a political act that requires its own justification.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BlackRock’s iShares Bitcoin Trust has logged four consecutive days of net inflows totaling 9,269 BTC, worth approximately $604 million at current prices. For a product that launched in January 2024, IBIT has become less of a newcomer and more of the default institutional on-ramp to Bitcoin.
The streak follows what research describes as a weak July for Bitcoin ETF flows broadly, making the early August recovery all the more notable.
What the numbers actually say Between August 3 and August 5 alone, U.S. spot Bitcoin ETFs collectively pulled in roughly $626 million. IBIT’s share of that three-day window came to around $478 million, meaning BlackRock captured the overwhelming majority of the sector’s total demand.
On August 4, IBIT recorded net inflows of $170.3 million. The following day, that figure climbed to $196.8 million.
Advertisement
Since its launch, the fund has consistently accounted for 70 to 80 percent of daily inflows across the entire U.S. spot Bitcoin ETF market.
Historical inflow streaks for IBIT have generally ranged between $200 million and $600 million. This latest run sits at the top of that band.
Cumulative net inflows into IBIT have now reached tens of billions since the fund’s January 2024 debut.
Why July mattered as context July was notably soft for Bitcoin ETF flows, reflecting a broader cooling of institutional appetite.
IBIT absorbed roughly $523 million in redemptions during a rough stretch in late 2025.
What this signals for the Bitcoin market Inflow data into spot Bitcoin ETFs has become one of the cleaner real-time proxies for institutional sentiment toward Bitcoin. Unlike on-chain metrics or futures positioning, ETF flows represent money that has cleared compliance, legal review, and allocation committees.
ETF inflows require the fund’s authorized participants to purchase actual Bitcoin on the open market to back new shares. Nine thousand-plus BTC absorbed in four days represents meaningful demand against available spot liquidity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A vote on the long-awaited Clarity Act will be delayed until September as lawmakers go on recess today.
As first reported by POLITICO, citing comments from Majority Leader John Thune, the vote on the landmark bill will now have to wait until lawmakers return from August recess.
Bipartisan work has gone into the Clarity Act, which was passed by the House of Representatives last year, but some Republicans have accused Democrats of stalling the bill.
BREAKING: 🇺🇸 President Donald Trump says “I see it more and more where people are paying with Bitcoin, they don’t even know about cash anymore.”
“Crypto’s a big deal.” pic.twitter.com/Y7ZFifz6zL
— Bitcoin Magazine (@BitcoinMagazine) August 7, 2026 “The Dems insisted on no Clarity vote,” Thune was quoted telling reporters Thursday evening. “We’re getting that queued up first thing [when] we come back in September.”
The Clarity Act started small but its text was beefed up over the past year — mainly because of Democrats, according to some lawmakers like Senator Cynthia Lummis.
While stuck in a deadlock for a lot of 2026 due to banking lobby chiefs locking horns with crypto exchanges over concerns about stablecoin yield, Democrats also wanted more work on the ethics side of the bill.
President Donald Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project.
Trump and the White House have always denied any conflicts of interest.
Speaking in an interview with Punchbowl News Friday about the Clarity Act and ethics, President Trump pointed out the Democrats have also made money from stock trading.
“They want a bill, and in the bill they want me to be different to everyone else,” he said.
He added that getting the bill over the line was important because the U.S. should take the lead over China when it comes to crypto and AI.
He continued: “You see people paying with Bitcoin and they don’t even know about cash anymore.”
The latest draft of the Clarity Act contains language — drafted by Democrats and Republicans — banning government officials from promoting or making money from crypto. It started circulating in July.
Still, Democrats like Senator Elizabeth Warren, who has from the beginning criticized the Clarity Act, have claimed that new legislation will benefit the president and his family.
Major financial institutions — not just crypto companies — have backed the bill, including Goldman Sachs and Fidelity, as well as law enforcement groups.
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.
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
4 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
4 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
4 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
4 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
4 minutes ago
Bullish executives call for passage of the CLARITY Act: The FTX incident has proven that the crypto market requires legal regulation.
Bullish Head of Clearing and Group Risk Randi Abernethy stated that the U.S. Senate’s failure to pass the Digital Asset Market Clarity Act (CLARITY Act) does not mean the digital asset market has stopped developing; instead, it highlights the necessity of establishing a federal regulatory framework. Abernethy pointed out that during the Senate’s deliberation of the CLARITY Act, traditional U.S. financial institutions have continued to accelerate their entry into the on-chain market. JPMorgan Chase has explored tokenized ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), and more than 50 institutions—including BlackRock and Goldman Sachs—have also participated in building infrastructure for tokenized stocks and Treasuries. Current regulatory discussions are no longer just about the “crypto industry issue” but concern the future infrastructure of the entire financial system. Citing the 2008 financial crisis as an example, Abernethy noted that financial risks spread along shared infrastructure, meaning even institutions not directly involved in related assets could be impacted. Today, the stablecoin market has exceeded $100 billion, with a large amount of stablecoin reserves invested in U.S. Treasuries. A crisis involving major stablecoins could affect liquidity in traditional financial markets. She added that supporters of the CLARITY Act argue the bill would establish a unified regulatory framework for the digital asset market, including core investor protection mechanisms such as customer asset segregation, conflict of interest management, capital requirements, and disclosure rules. (CoinDesk)
Quantum computing is no longer a theoretical threat to cryptos. As tech giants accelerate their advances, the cryptographic resistance of blockchains becomes an immediate issue for investors, financial institutions, and developers. Recent warnings from several major industry figures have reignited the debate over decentralized networks’ ability to face this technological disruption. Amid technical disagreements, industrial urgency, and market concerns, the crypto ecosystem faces one of the greatest challenges in its history.
In Brief Tom Lee (BitMine) warns about the lack of consensus on Bitcoin facing the ‘Q-Day’, while other blockchains are already anticipating this threat. IBM CEO alerts about vulnerabilities coming in 3 to 4 years, pushing investors like Jim Cramer to liquidate their bitcoin holdings. Adam Back (Blockstream) reminds that Bitcoin relies on digital signatures and not direct encryption to validate transactions. The community studies the BIP-360 proposal and handling of old wallets, while actors like BitGo claim to be already protected. The Institutional Alert and the Specter of “Q-Day” The debate about the vulnerability of the world’s leading crypto reached a critical milestone following widely noted public interventions. Tom Lee, chairman of BitMine, publicly sounded the alarm on Bitcoin’s unpreparedness for the rise of quantum computing, pointing out the lack of consensus within the community to anticipate the “Q-day”. Referring to this pivotal moment when quantum power could break current cryptographic systems, he cited work by Google researchers indicating this stage could arrive as early as 2028.
Comparing Bitcoin’s situation to that of other networks, Tom Lee lamented a clear strategic delay: “many blockchains are already developing quantum resistance. But on Bitcoin’s side, no consensus has yet been found on how to counter Q-day”. He added that architectures like Ethereum, Solana, or Canton already benefit from advanced work to counter this threat, while noting a growing divergence between crypto’s performance and that of the Nasdaq.
This warning comes amid growing mistrust expressed by tech leaders and Wall Street players. On CNBC, IBM CEO Arvind Krishna strongly advised investors to exercise extreme caution within a three to four-year window. He stated regarding the quantum risk: “at this point, I’d become rather paranoid”.
The market impact was immediate. Finance host Jim Cramer announced the liquidation of his bitcoin holdings: “Arvind Krishna knows quantum like no one else… I’m going to sell mine”. Tom Lee emphasized that the danger extends well beyond cryptos to the entire banking system and public infrastructures faced with the synergy between AI and quantum computing, concluding “it will be very difficult to stay ahead of security flaws”.
Here is a summary of statements and major events currently shaking the market :
Tom Lee’s warning : noting a lack of consensus on Bitcoin facing the 2028 deadline estimated by Google, unlike networks like Ethereum or Solana which are already developing their quantum resistance ; Arvind Krishna’s alert : a recommendation of extreme vigilance within three to four years facing vulnerabilities in current cryptographic systems ; Jim Cramer’s capitulation : he announced the full sale of his bitcoins following warnings issued by IBM’s management ; The extended systemic risk : a global threat also weighing on the traditional banking sector and public infrastructures under the combined pressure of AI and quantum. The Cryptographers’ Response and the Technical Debate In response to these media statements, the Bitcoin developer and security specialist community quickly sought to clarify the protocol’s actual operation. Blockstream co-founder Adam Back responded on X to correct vocabulary inaccuracies by pointing out that “Bitcoin does not use encryption to validate spendings”.
The network relies on digital signature mechanisms rather than direct encryption, although sufficient quantum power could theoretically weaken some public keys. Meanwhile, BitGo CEO Mike Belshe emphasized the robustness of professional custody solutions, stating that his company is “already protected against the quantum threat”, while promising to integrate future protection standards upon validation.
At the protocol level, community research focuses on specific improvement proposals like BIP-360, which introduces the P2MR structure, as well as managing old wallets whose public keys are already visible on the blockchain. However, the real difficulty lies in the heavy validation process. Integrating a new post-quantum algorithm indeed requires massive and coordinated consensus among developers, mining companies, trading platforms, and users.
Bitcoin’s Decentralized Governance and Perspectives This controversy shows that the quantum threat is no longer a purely technical problem but a real governance test for the Bitcoin ecosystem. Decentralization, historically the network’s strength by protecting it against censorship, becomes a factor of slowness when it comes to executing complex updates on a constrained schedule.
While more centralized competing networks can quickly impose software patches, Bitcoin must deal with a multitude of actors with sometimes divergent interests, which slows decision-making against a threat whose deadline is approaching.
As the 2028 deadline approaches, the major challenge will be to transform this alert into a catalyst for innovation without compromising existing security. Institutional investors will closely watch the community’s ability to reach clear consensus without causing on-chain schism. Thus, Bitcoin’s legendary resilience will be measured by its adaptability. Successfully transitioning to post-quantum cryptography would firmly establish its status as a global store of value, while prolonged delay risks eroding market confidence in favor of more agile architectures.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
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.
Bitcoin climbed above $65,000 after the July U.S. jobs report showed an unexpected decline in payrolls, weakening the case for another Federal Reserve rate hike.
Summary
U.S. nonfarm payrolls fell by 23,000, missing forecasts for an increase of roughly 80,000 to 85,000. Revisions removed a combined 103,000 jobs from May and June payroll figures. Bitcoin rose nearly 2% to around $65,200 as traders lowered their expectations for another rate increase. Options traders remain cautious, with geopolitical and inflation risks still limiting conviction in further upside. US payrolls record third-largest decline since 2020 The U.S. economy lost 23,000 jobs in July, according to data from the Bureau of Labor Statistics. Economists had expected employers to add between 80,000 and 85,000 positions.
The contraction was the third-largest monthly payroll decline since 2020. It also marked a sharp reversal from June, when the economy added 57,000 jobs after a downward revision of 37,000.
Revisions to the previous two months removed 103,000 jobs from the earlier estimates, suggesting that labor demand had weakened more than initial reports indicated.
The unemployment rate edged down to 4.1%, compared with forecasts for 4.2%. Annual wage growth also slowed to 3.2%, providing another sign that pressure in the labor market may be easing.
The mixed report leaves the Federal Reserve balancing two sides of its mandate. Weak hiring supports keeping borrowing costs unchanged, but inflation and energy-market risks could prevent policymakers from shifting toward easier policy.
Bitcoin rises as Fed hike expectations decline Bitcoin traded near $65,200 after the report, gaining almost 2% on the day. The asset had faced selling pressure earlier in the week as traders considered the possibility of a September rate hike.
Prediction market positioning shifted after the payroll data. Polymarket traders placed the probability of a rate increase before the end of 2026 at 56%, down from a recent high of 77%.
The probability that the Fed will leave rates unchanged at its September meeting rose to 66%, compared with about 50% a day earlier.
Iggy Ioppe, chief investment officer at Theo, told crypto.news that one weak report may not be enough to change Fed Chair Kevin Warsh’s policy stance while energy and shipping risks remain elevated.
“A softer jobs number does not automatically close that gap. Risk assets, including Bitcoin, retain the medium-term support that comes from continued inaction, but the same geopolitical energy risk that is keeping the Fed cautious also continues to limit upside.”
Ioppe said oil-price pressure and shipping risks in the Strait of Hormuz and Red Sea were keeping the inflation picture uncertain. Those pressures could prevent the Fed from responding to labor-market weakness with easier policy.
Bitcoin options traders retain downside protection The options market may provide another signal of whether investors view the jobs report as a lasting change in the interest-rate outlook.
Andrei Grachev, managing partner at DWF Labs, told crypto.news that puts for the end-August expiry had been trading at premiums roughly 50% above calls with similar probabilities of paying out.
“If that gap narrows after a soft print, the caution priced into this market was genuinely about rates. If it holds, traders are hedging something else, and one dovish data point will not change the stance.”
Grachev added that upside positioning had already rebuilt around $70,000. That suggests traders are prepared for a potential rally without showing strong confidence that Bitcoin will reach the level.
A drop in the put premium would indicate that defensive positioning was partly tied to expectations for higher rates. If the premium remains, traders may be hedging against geopolitical, inflation or broader market risks.
August CPI becomes the next test Fabian Dori, chief investment officer at Sygnum Bank, said in a statement to crypto.news that the Fed must determine whether the weaker report reflects genuine demand deterioration or a manageable slowdown.
“An orderly slowdown supports the liquidity relief case, while a print weak enough to raise growth concerns can still pressure risk assets even as rate odds move.”
Dori said labor-force participation would remain an important secondary measure. He added that Treasury cash balances, changes to the enhanced supplementary leverage ratio, private credit creation and stablecoin flows would also shape liquidity conditions for digital assets.
Markets will next focus on the U.S. consumer price index report scheduled for Aug. 12. The data could show whether energy and transport costs are keeping inflation elevated despite the weakening labor market.
For Bitcoin, softer inflation could support a move toward $70,000, while a hotter reading may revive rate-hike expectations and challenge the recovery above $65,000.
Bitcoin price traded above $64,400 while Ethereum remained above $1,900. XRP hovered near $1.05.
Crypto markets remained cautious after the U.S. Senate postponed the CLARITY Act vote until September. The delay pours regulatory uncertainty in the digital asset market.
Senate majority leader John Thune verified that legislators would not vote until after the August recess. Senators are expected to reconvene, and the legislation is expected to come back.
There is now just a 13% chance that the Crypto Clarity Act gets passed at some point in 2026, down from the almost 50% odds earlier this month
Polymarkcap data The CLARITY Act will not get a Senate vote before the August recess, with Senate Majority Leader Thune confirming a September vote, calling it “queued up first thing when we come back.”
Bitcoin Price Eyes Major Breakout as Four-Day ETF Inflow Streak Continues Bitcoin price fluctuated above $64,400 as traders monitored higher ETF trading and imminent resistance areas. There is still no decisive momentum in the market and steady institutional inflows are sustaining sentiment.
The nearest resistance is at $66,500, and breaking out would drive Bitcoin to the psychological mark of $68,000. The continued momentum at the level above 68,000 can open the way to $70,000, which is the key bullish goal under the present circumstances.
On the downside, future Bitcoin prediction must hold the $63,000 support zone to preserve this outlook. Any further fall below that point might reveal $61,500 prior to the crucial zone of support at $60,000.
Meanwhile, U.S. spot Bitcoin ETFs attracted $129 million on August 6. The inflows marked a fourth consecutive positive session. Ether ETFs also registered net inflows of 92.15 million in three days.
Bitcoin Spot ETFs Record $129 Million in Net Inflows on August 6, Marking Four Straight Days of Inflows
On August 6 (ET), Bitcoin spot ETFs recorded total net inflows of $129 million, marking four consecutive days of net inflows. Ethereum spot ETFs recorded total net inflows of… pic.twitter.com/GS4MZVjka2
The initial significant positive target for the long-term ETH projection around $1,950. A successful breakout could bring the psychological $2,000 level back into focus.
Ethereum price may then aim at about $2,100 in case the momentum gains momentum above $2,000.
However, the $1,850 area remains an important short-term support. A breakdown could push Ethereum toward $1,800.
XRP Price Outlook After CLARITY Act Vote Moves to September At the time of writing, XRP trades near $1.05 after the CLARITY Act vote was pushed to September. The short-term recovery structure is intact as the token is still above the key level $1.00 support.
The nearest resistance is at $1.08, and a breakout may lead to the opportunity of breaking into $1.12. Additional gains beyond $1.12 will push XRP to the $1.18 target.
Tradingview Nevertheless, a decline below $1.00 may undermine the momentum and reveal $0.95. The key positive levels of $1.08, $1.12 and $1.18 are being monitored by traders ahead of the delayed vote in September. Above existing support, momentum is positive.
CLARITY Act Delay Keeps Crypto Markets Cautious The decision of the Senate eliminates a short-term regulatory impetus on the cryptocurrency market.
The legislators will have more time to work out outstanding clauses before resuming in September. Until then, technical levels could play a larger role in determining short-term direction.
Bitcoin price will require a breakout of $68,000 stronger, and Ethereum price will need to reclaim $2,000. To reach $1.18, XRP price needs to rise above $1.12.
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
3 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
3 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
3 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
3 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
3 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Jane Street plans to transfer $11 billion in public debt to external investors to gain flexibility for further AI investments.
According to a Financial Times report, Jane Street is in talks with investors including Pimco to shift roughly $11 billion in debt from public markets to private instruments via a private credit deal. Analysts note that the debt move is aimed at reducing quarterly financial disclosure requirements to numerous creditors, while giving the company greater flexibility to further invest in AI infrastructure such as data centers and related technologies.
3 minutes ago
U.S. July New York Fed 1-year inflation expectation stands at 3.63%, below forecast.
US July New York Fed 1-year inflation expectation comes in at 3.63%, versus the forecast of 3.71% and prior reading of 3.67%.
3 minutes ago
UBS: Gold rally has solid support, gold prices expected to approach $5,000 next year.
UBS Chief Investment Officer Ulrike Hoffmann-Burchardi and her team stated: “This round of gold rally is underpinned by fundamentals. We expect gold prices to approach $5,000 per ounce in the first half of 2027.” Since the U.S. and Israel launched strikes against Iran in late February, gold prices came under pressure and dipped temporarily. UBS strategists noted that near-term risks persist: if oil prices rise, or if the market prices in a more hawkish Federal Reserve monetary policy and higher bond attractiveness, gold prices will face headwinds. However, the bank remains optimistic about gold’s medium- to long-term outlook. Hoffmann-Burchardi added that her team anticipates inflation will gradually ease, the Fed is expected to hold interest rates steady this year, and will restart its rate-cut cycle in 2027. “Rising expectations of lower policy rates will likely push down real yields, weigh on the U.S. dollar, and in turn boost gold investment demand, creating a more favorable market environment for gold.”
3 minutes ago
Kalshi launches AI risk control tool Blanket to help small businesses hedge operational risks through prediction markets.
Prediction market platform Kalshi has announced the launch of an AI tool called Blanket, designed to help small businesses hedge operational risks—including those related to weather, energy prices, tariffs, and elections—using event contracts. Developed by independent fintech entrepreneur Lauris Zminsky, Blanket operates on Kalshi’s CFTC-regulated prediction market but is not an in-house product of Kalshi. The tool does not directly execute trades or process funds; instead, it leverages AI to analyze the risks faced by businesses and recommend Kalshi event contracts suitable for hedging.
3 minutes ago
Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.
Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.
3 minutes ago
BlackRock records 4 consecutive days of $BTC inflows totaling 9,269 $BTC ($604M)
BlackRock has seen 4 consecutive trading days of $BTC net inflows, totaling 9,269 $BTC ($604M).
Dogecoin price rose 2.14% over the past 24 hours, reaching $0.0700 as broader cryptocurrency markets strengthened.
The meme coin followed Bitcoin higher, with BTC price gaining 1.56% during the same period. The move reflects improving market sentiment as traders reacted to fresh pro-crypto comments from President Donald Trump.
Trump Says ‘Crypto Is a Big Deal’ Trump renewed his support for digital assets during an interview with Punchbowl News. According to him, crypto adoption is on a continuous growth in the United States.
Trump termed crypto as a significant innovation and emphasized the increasing use of Bitcoin by consumers. He indicated that more people are making daily payments with Bitcoin as opposed to using cash all the time.
BREAKING: President Trump says “crypto is a big deal,” noting that more people are paying with Bitcoin and that it “takes a lot of pressure off our dollar.”
“It’s a good thing for our country.” pic.twitter.com/PmRSuXvnAc
— MSB Intel (@MSBIntel) August 7, 2026
The president claimed that a broader use of crypto could ease strain on the U.S. dollar. He even characterized that as a good shift to the country.
According to Trump, Washington has to be competitive since China and other countries might take over the digital asset market. His remarks were another positive political indicator of cryptocurrency markets.
Dogecoin ETFs See Fresh Inflows After July Slump Dogecoin ETF inflows returned on August 5, ending a quiet stretch that had lasted since July 21. Spot DOGE ETFs attracted $82,640 in net inflows, marking a modest improvement in investor demand. The products have recorded only nine net inflow days during 2026, highlighting limited activity across the sector.
Dogecoin ETF inflows are back!
On August 5, spot $DOGE ETFs recorded their first day of net inflows since as far back as July 21, to the tune of a small +$82.64k.
In 2026, spot $DOGE ETFs have recorded just 9 days of net inflows.
While this sounds bearish, the products have… pic.twitter.com/3SKQygKn6u
— BSCN (@BSCNews) August 5, 2026
However, outflows have also remained scarce, with just two negative flow days reported this year. The August 6 data indicated no further daily inflows and the cumulative net inflows were at $12.20 million. The total net assets stood at 9.89 million, which is approximately 0.09 percent of the total market capitalization of Dogecoin even after the ETF interest was rekindled.
Dogecoin Price Holds $0.068 Support as Bulls Target $0.075 DOGE price was trading at $0.0699 with a 2% increase in price following the intraday weakness.
The Dogecoin long-term prediction needs to cross $0.070 to reinforce the existing recovery. A confirmed breakout may drive the price to the resistance at $0.072.More increases beyond 0.072 may put the 0.075 level in sight. This sector had turned down a number of upside attempts in July.
There is also early signs of improvement in momentum indicators. The RSI has climbed to 53.48, moving above the neutral 50 level.
Meanwhile, the MACD line has crossed slightly above its signal line. The histogram has also turned positive, supporting a cautious bullish outlook.
Source: TradingView To maintain the upward structure, DOGE price should not go below $0.068. Any decrease of this support may reveal the lower channel around at $0.0665.
The main upside targets now stand at $0.070, $0.072, and $0.075. Any fall below the 0.068 would undermine the bullish formation.
Key TakeawaysBitcoin: The Portfolio FoundationEthereum: The Smart Contract LeaderSolana: Speed Meets OpportunityChainlink: Bridging Blockchains and RealityHyperliquid: The Aggressive Growth OptionConstructing a Balanced Long-Term Strategy Bitcoin serves as the optimal foundation asset thanks to its limited supply and widespread institutional acceptance Ethereum dominates as the leading platform for DeFi applications and smart contract development Solana delivers exceptional transaction speed and scalability, though with elevated volatility Chainlink provides essential oracle services that bridge blockchain networks with external data sources Hyperliquid represents a high-risk opportunity centered on genuine decentralized exchange activity The cryptocurrency landscape includes thousands of digital assets, yet only a select few possess characteristics suitable for sustained investment. Financial analysts recommend concentrating on proven projects and promising newcomers that represent distinct market segments. Below, we examine five digital currencies that merit serious consideration.
Bitcoin: The Portfolio Foundation Bitcoin represents the cornerstone of any serious long-term cryptocurrency allocation.
Bitcoin (BTC) Price With its predetermined maximum supply, substantial market depth, and increasing institutional participation, Bitcoin stands among the more reliable choices in an inherently unpredictable asset category. The digital currency is progressively recognized as a modern store of value, drawing comparisons to precious metals like gold.
While Bitcoin might not produce the most explosive returns during bullish cycles, it provides superior consistency. Investment professionals typically recommend allocating approximately 40% of a cryptocurrency portfolio to Bitcoin.
Ethereum: The Smart Contract Leader Ethereum serves as the second fundamental component for long-term crypto investors.
Ethereum (ETH) Price The platform enables decentralized applications, supports major stablecoins, facilitates DeFi protocols, and hosts tokenized real-world assets. Ethereum boasts among the most robust and active developer ecosystems across all blockchain networks.
Ongoing upgrades enhance the network’s throughput and cost-efficiency. Should blockchain-based financial systems continue expanding, Ethereum appears well-positioned to maintain its central role.
Solana: Speed Meets Opportunity Solana presents itself as a high-performance competitor to Ethereum.
The network has established itself among the leading platforms for digital asset trading, payment processing, and user-facing applications. Superior transaction throughput combined with minimal fees provides significant advantages in attracting both builders and end users.
This performance comes with increased price fluctuation. Solana presents greater risk compared to Bitcoin or Ethereum, while simultaneously offering enhanced growth prospects for those investing with extended time horizons. Portfolio strategists typically recommend approximately 17.5% exposure.
Chainlink: Bridging Blockchains and Reality Chainlink offers a distinctive approach to cryptocurrency investment.
The protocol facilitates communication between blockchain networks and external information sources and systems. These oracle services form critical infrastructure enabling smart contracts to interact meaningfully with off-chain environments.
As traditional financial instruments increasingly migrate to blockchain platforms, infrastructure enabling these connections may experience heightened demand. Chainlink delivers portfolio variety beyond simply accumulating different native blockchain tokens.
Hyperliquid: The Aggressive Growth Option Hyperliquid represents the highest-risk selection among these recommendations.
The platform has established significant traction in decentralized derivatives trading, especially perpetual futures markets. Unlike numerous cryptocurrency ventures sustained primarily through marketing, Hyperliquid demonstrates substantial genuine trading volume and user engagement.
This fundamental activity distinguishes it from typical speculative altcoins. Nevertheless, it remains considerably less proven than other options discussed here, prompting experts to suggest limiting exposure to roughly 5% of total cryptocurrency holdings.
Constructing a Balanced Long-Term Strategy An effective long-term cryptocurrency portfolio need not involve excessive complexity.
One practical framework distributes capital as follows: 40% Bitcoin, 27.5% Ethereum, 17.5% Solana, 10% Chainlink, and 5% Hyperliquid. This structure provides exposure across value preservation, platform infrastructure, performance-oriented networks, and speculative growth opportunities.
Cryptocurrency markets exhibit extreme volatility. Even established projects experience severe price declines. These selections function best as long-term, risk-appropriate positions rather than assured successes.
For investors willing to maintain positions through significant market fluctuations, these five cryptocurrencies represent distinct sectors of the digital asset ecosystem while maintaining portfolio simplicity.
Key Takeaways Over $130 million in Bitcoin has been stolen due to a critical firmware vulnerability affecting Coldcard hardware wallets Daily active Bitcoin addresses surged to 980,000, marking the highest activity since December 2024 as users rush to secure their holdings Security researchers have identified at least 15 distinct attackers exploiting the weakness, with a potential fourth attack wave underway Stolen cryptocurrency is being laundered through mixing services, including 64 Bitcoin via Wasabi and 200 Ether through Tornado Cash This security incident represents the third-largest cryptocurrency hack recorded in 2026 A critical security vulnerability discovered in Coldcard hardware wallets has resulted in one of 2026’s most significant Bitcoin theft incidents, with total losses surpassing $130 million.
The security flaw originated from a firmware defect introduced in March 2021, which compromised the randomness of seed phrase generation on impacted devices. This weakness reduced cryptographic key strength from the standard 128 bits down to merely 40 bits, enabling attackers to crack wallet security through brute force methods without requiring physical device access.
According to Galaxy Digital’s analysis, the exploit has been executed in at least three distinct attack campaigns, compromising approximately 7,300 individual wallets. Evidence suggests a fourth coordinated attack may be in progress, potentially increasing the overall financial damage.
Network Activity Surges as Users Respond to Security Threat Data from blockchain intelligence provider Glassnode indicates that Bitcoin active addresses climbed to approximately 980,000 daily transactions in the wake of the security breach. This represents the network’s most active period since December 2024.
However, Glassnode emphasized that this increased activity stems from security precautions rather than positive market sentiment. The analytics firm characterized the movement as “an operational security response, not a change in market conviction.”
Previously dormant Bitcoin holdings valued at nearly 200 times the initial theft amount have been transferred across the blockchain, indicating widespread preventive measures by cryptocurrency holders concerned about their wallet security.
The catalyst for this broad network response was a July 31 theft of 594 Bitcoin, valued at approximately $38 million when stolen. Subsequent analysis by Galaxy Research confirmed total losses had climbed beyond 1,596 Bitcoin, representing more than $100 million in value.
Stolen Cryptocurrency Channeled Through Privacy Protocols Blockchain security monitoring firm CertiK has documented the flow of stolen assets to privacy-enhancing services. Approximately 64 Bitcoin valued at $4.17 million was transferred to Wasabi, a privacy-focused Bitcoin mixing platform. Additionally, attackers sent 200 Ether worth roughly $380,000 to Tornado Cash.
#CertiKInsight 🚨
Our alert system detected two 200 ETH transactions sent to Tornado Cash linked to the ongoing @COLDCARDwallet attack.
The funds were bridged from BTC to ETH address 0x41B7529a411EeA979a8d468bdEBd36b0ad703268 via THORChain before being sent to Tornado Cash. pic.twitter.com/JLazHWIEvo
— CertiK Alert (@CertiKAlert) August 5, 2026
CertiK analysts believe some transactions may originate from opportunistic attackers rather than the original exploit group. “We think it might be a smaller exploiter. There’s likely a few copycats after the initial exploit,” according to a CertiK representative.
Analysis from TRM Labs reveals that the majority of stolen cryptocurrency remains consolidated in a limited number of attacker-controlled addresses. Variations in attack methodology across different waves indicate involvement by at least 15 independent threat actors.
Haseeb Qureshi, managing partner at Dragonfly, observed that certain artificial intelligence systems were able to identify the underlying security weakness in under 20 minutes. He argued that minimal AI-assisted security testing, costing approximately two dollars, could have identified and prevented this vulnerability.
Cybersecurity professionals emphasize that simply updating device firmware is insufficient for affected wallet owners. Users who generated wallets on compromised Coldcard devices are strongly advised to create entirely new wallets and transfer their cryptocurrency holdings immediately.
Based on confirmed losses, the Coldcard security breach currently stands as 2026’s third-largest cryptocurrency theft incident.
A critical firmware vulnerability in Coldcard hardware wallets has resulted in the theft of over $130 million in Bitcoin, marking the third-largest crypto hack so far in 2026.
Hardware wallets compromised by weak key generationColdcard, a widely used Bitcoin hardware wallet developed by Coinkite, fell victim to a significant security lapse introduced in March 2021. Researchers found that a firmware update weakened the randomness of seed phrase generation within affected devices. This flaw diminished the cryptographic strength of wallet keys from 128 bits to just 40 bits, allowing attackers to exploit the deficiency using brute force attacks—no physical device access required.
According to an analysis by Galaxy Digital, the exploit has been leveraged in at least three separate attack waves, impacting around 7,300 wallets. The company also warned of indications that a fourth coordinated campaign may now be under way, raising concerns about potential further losses.
The breach represents one of the most severe cryptocurrency software incidents of the year, with losses continuing to mount as new attacks come to light.
Mini dictionary: Coldcard is a dedicated hardware wallet for securely generating, storing, and managing Bitcoin private keys and transactions, manufactured by Coinkite, a company specializing in Bitcoin security products.
Network activity surges as users respondBlockchain analytics provider Glassnode reported that Bitcoin daily active addresses surged to nearly 980,000, reaching their highest level since December 2024. This surge appears linked to widespread user efforts to secure funds following news of the vulnerability, with large holders and regular users alike moving their Bitcoin to safer wallets out of precaution. Glassnode noted that the elevated transaction volume reflects operational security measures rather than renewed market enthusiasm.
Significant sums have moved across the Bitcoin network, including funds from previously inactive wallets. Analysts observed that dormant holdings totaling nearly 200 times the value of the initial theft changed hands as security concerns swept through the user base.
One major incident on July 31 saw 594 Bitcoin, worth about $38 million at the time, stolen in a single attack. Galaxy Research later confirmed that the total value lost had exceeded 1,596 Bitcoin, with the financial toll climbing as coordinated theft campaigns evolved.
Attack waveWallets compromisedTotal BTC stolenDate (where known)First to thirdApprox. 7,300Over 1,596 BTCOngoing 2024–2026Fourth (suspected)UnknownLosses increasing2026Stolen funds laundered through privacy platformsCertiK, a blockchain security firm, recorded the movement of sizeable portions of stolen Bitcoin to mixing services designed to obscure transaction trails. At least 64 Bitcoin, valued at $4.17 million, was sent to Wasabi, a popular privacy mixing platform. Attackers also converted a portion of assets to Ether, routing 200 ETH (about $380,000) through Tornado Cash—a service that anonymizes blockchain transactions.
CertiK analysts stated that some of the suspect transactions may be unrelated to the main exploit group. The firm noted, “There’s likely a few copycats after the initial exploit.”
TRM Labs, another digital asset intelligence company, indicated that most stolen funds remain concentrated in a small number of attacker-controlled addresses. Investigators identified at least 15 separate hackers involved, based on differences in tactics used across the various attack waves.
Mini dictionary: Wasabi is a privacy-focused Bitcoin wallet and mixing service that uses the CoinJoin protocol to combine multiple transactions, making it difficult to trace specific payments. Tornado Cash is a decentralized Ethereum mixing protocol that allows users to hide the source and destination of their transactions.
Haseeb Qureshi, managing partner at Dragonfly, observed that automated security systems powered by artificial intelligence found the vulnerability within just 20 minutes. He emphasized that low-cost, AI-based tests could have identified the flaw, suggesting a missed opportunity for preventive action at a price of only around two dollars.
Cybersecurity professionals urgently recommend that anyone who generated a wallet using affected Coldcard hardware immediately create new wallets and transfer their funds. Simple firmware updates are not enough to address the compromised seed generation vulnerability.
Based on confirmed on-chain losses, the Coldcard incident ranks as the third-largest cryptocurrency hack of 2026, trailing only behind two major exchange breaches this year.
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.
Key Takeaways BTC declined 0.69% to approximately $64,384, facing rejection at the $64,800–$65,000 resistance level Weekly U.S. jobless claims registered at 199,000, falling short of the 204,000 estimate and indicating labor market strength Market participants now assign a 54.71% probability to a 25-basis-point rate increase by the Fed in September Rising crude oil prices and geopolitical tensions in the Strait of Hormuz weighed on risk-sensitive assets Bitcoin spot ETF inflows surged to $626 million in early August, representing a significant jump from July’s $172.4 million The leading cryptocurrency experienced downward momentum on Thursday as renewed labor market strength and mounting rate hike concerns weighed on digital asset valuations. Bitcoin declined 0.69% to reach $64,384, retreating after encountering significant resistance at higher price levels.
Bitcoin (BTC) Price Fresh employment data from the U.S. Department of Labor revealed initial jobless claims totaling 199,000 for the week concluded on August 1. This figure fell beneath analyst expectations of 204,000 and registered marginally above the previous week’s revised figure of 198,000. Meanwhile, the four-week moving average declined to 198,750, representing a decrease of approximately 4,500 from the earlier period.
🇺🇸LIVE: US labor data is out, and it is largely POSITIVE for the inflation outlook.
Initial jobless claims came in at 199k, BELOW 205k expected, meaning layoffs remain limited.
However, continuing claims rose to 1.801M, ABOVE 1.789M expected, meaning unemployed workers are… pic.twitter.com/t43u7CS55D
— Coin Bureau (@coinbureau) August 6, 2026
Robust employment conditions provide the Federal Reserve with additional justification to maintain elevated interest rates. Elevated borrowing costs typically diminish investor appetite for speculative assets such as Bitcoin.
Market analyst Ted Pillows shared observations on X, noting that spot market participants were driving BTC prices upward and remarking “This looks good.” His commentary indicated that certain traders continue to identify value at present price points, despite mounting macroeconomic challenges.
According to the CME FedWatch Tool, market participants are assigning a 54.71% likelihood to a 25-basis-point interest rate increase at the Federal Reserve’s September policy meeting. Additionally, investors are monitoring Fed Chair Kevin Warsh, who is reportedly developing a revised communication strategy for the central bank.
Geopolitical Tensions Compound Market Weakness Crude oil values climbed on Thursday, weighing on broader market risk appetite. News surfaced regarding a possible agreement to restore access to the Strait of Hormuz, with Iran and Oman reportedly examining a preliminary framework. The proposed arrangement would allegedly impose limitations on U.S. and Israeli vessel transit through the strategic waterway pending compensation payments.
Such conditions would presumably prove unacceptable to U.S. officials, maintaining heightened market uncertainty. Bitcoin moved lower in tandem with other risk-oriented assets as market participants digested these developments.
Bitcoin ETF Capital Flows Show August Improvement Notwithstanding recent price volatility, spot Bitcoin ETF activity demonstrated notable enhancement. Capital inflows totaled $626 million during early August, marking a substantial increase from July’s complete monthly total of $172.4 million, based on SoSoValue analytics.
Bitcoin Spot ETFs Record $129 Million in Net Inflows on August 6, Marking Four Straight Days of Inflows
On August 6 (ET), Bitcoin spot ETFs recorded total net inflows of $129 million, marking four consecutive days of net inflows. Ethereum spot ETFs recorded total net inflows of… pic.twitter.com/GS4MZVjka2
— Wu Blockchain (@WuBlockchain) August 7, 2026
This development follows Bitcoin ETF net outflows approaching $7 billion throughout the combined May and June timeframe.
From a technical perspective, BTC has recovered from recent lows near $62,400 but continues struggling to establish a decisive close above the $64,800–$65,000 resistance band. Selling pressure has consistently emerged at this threshold, forcing price action back toward the $64,000 support region.
The $626 million in spot Bitcoin ETF inflows recorded during early August represents an encouraging development amid the current market landscape.
Bitcoin miner MARA swung to a net loss of $611.3 million from a year-earlier profit in the second quarter of 2026, driven primarily by a change in the value of its Bitcoin holdings, despite reporting its highest quarterly Bitcoin production in more than a year.
The net loss, equivalent to $1.60 per diluted share, is down compared to a net income of $808.2 million, or $1.84 per diluted share, in the second quarter of 2025, according to the company’s 10-Q SEC filing. MARA mined 2,422 Bitcoin in the quarter, 3% more than the prior year period, but higher production was more than offset by a 28% decline in the average Bitcoin price.
“Two things defined Q2 for MARA. Bitcoin prices created a challenging revenue environment [and] we used the quarter to fundamentally transform our power portfolio and capital structure,” said MARA chief financial officer Salman Khan during an earnings call on Thursday.
The quarter highlights MARA’s exposure to Bitcoin prices even as it expands mining capacity and pursues AI and high-performance computing infrastructure. As of June 30, MARA held a total of 35,577 Bitcoin, with a total fair value of $2.1 billion, making it the fourth-largest public Bitcoin holder after Strategy, Twenty One Capital and Metaplanet.
MARA eyes continued AI expansion In February, the company acquired a majority stake in Exaion SaS, which operates high-performance computing (HPC) data centers and secure cloud and AI infrastructure.
In the same month, MARA also announced a partnership with Starwood Capital Group and its data center development platform Starwood Digital Ventures to enable the conversion of select MARA sites to meet demand from “enterprise, hyperscale and AI customers.”
MARA said it is targeting at least two AI/HPC lease signings by year-end.
“Working alongside Starwood, we are progressing lease discussions across multiple sites, and we remain confident in our ability to sign at least 2 leases before year-end,” MARA CEO Fred Thiel said on Thursday.
In July, MARA also agreed to acquire a 1,200-acre powered land site in Matagorda County, Texas, with expected access to up to 2 gigawatts of grid capacity by April 2028. The company said it intends to develop the site for AI and HPC workloads as well as Bitcoin mining.
MARA’s expansion plans also include its pending acquisition of Long Ridge Energy & Power in Ohio, a $1.5 billion deal that MARA has said could support up to 600 megawatts of AI and critical-IT load over time.
Bitcoin mining remains foundationalIn a letter to shareholders on Thursday, Thiel said Bitcoin mining still represents the core of MARA’s business and will continue to generate cash flow that supports its other investments.
“Ultimately, we do not view Bitcoin mining and AI infrastructure as competing businesses,” said Thiel.
“Our capital allocation philosophy remains straightforward. Every megawatt should be deployed into its highest-value application. In some markets, that will continue to be Bitcoin mining. In others, it will be AI infrastructure, sovereign cloud, or enterprise computing.”
Magazine: 10 weirdest things ever tokenized... including farts
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Korea Exchange will launch after-hours trading service for ETFs.
Korea Exchange will officially launch after-hours trading for Exchange-Traded Funds (ETFs) on September 14. The exchange aims to compete with alternative trading system Nextrade and all-day cryptocurrency exchanges. Asset management firms have warned that the lack of real-time net asset value (NAV) estimates could widen ETF price deviations; the industry had previously called on Korea Exchange to delay the service’s launch. Single-stock leveraged ETFs will not be included in the eligible securities for after-hours trading. (Jin10)
1 seconds ago
Spot gold rose 0.94% intraday. Spot silver’s intraday gain expanded to 2%.
Bitget market data shows spot gold has climbed above $4,280 per ounce, gaining 0.94% intraday. Spot silver’s daily rise has expanded to 2%, currently trading at $62.76 per ounce.
1 seconds ago
Binance Wallet updates the bStocks Alpha trading volume reward mechanism: Certain assets are eligible for 4x rewards on designated trading days.
According to an official announcement, bStocks’ 4x Alpha trading volume reward mechanism will be adjusted starting at 00:00 UTC on August 8, 2026. Post-adjustment, trades of designated bStocks will earn 4x Alpha trading volume rewards from 00:00 UTC Monday to 23:59 UTC Friday, while trades of other bStocks will receive 1x rewards. From 00:00 UTC Saturday to 23:59 UTC Sunday, all bStocks trades will be eligible for a uniform 1x Alpha trading volume reward. The 1x/4x reward labels displayed for each bStock will be updated per the above UTC schedule. Users are advised to refer to these displayed labels before trading, as final Alpha trading volume is subject to system records.
1 seconds ago
Moscow Exchange plans to launch a digital asset custody system, which is expected to go live by the end of 2026 or early 2027.
Moscow Exchange (MOEX) is preparing to launch a digital custody system (digital depository platform) for crypto assets, a plan confirmed by multiple brokerage industry sources and individuals close to the exchange. The system will not be built on MOEX’s existing architecture, nor will it be integrated with Russia’s National Settlement Depository (NSD), but will operate as an independent infrastructure. The specific model is still under discussion, and Russia’s legal crypto market may eventually form multiple digital asset liquidity hubs, including Moscow Exchange and platforms operated by large financial institutions. Sources said the digital custody system is expected to launch by the end of 2026 or early 2027. Earlier, several major Russian banks—including Sber, VTB, T-Bank, and Alfa-Bank—also announced plans to build digital asset custody infrastructure. Under the plan, each brokerage client will hold an anonymous account in the digital custody system, essentially equivalent to an on-chain wallet address used to track investors’ crypto assets. Some market participants plan to conduct crypto trading exclusively through their own custody systems, while others are considering a hybrid model: trading on exchanges, with digital custody handled by banks or brokerages.
1 seconds ago
Morgan Stanley’s spot Bitcoin ETF MSBT has total holdings worth over $400 million.
According to the latest monitoring data from Arkham, Morgan Stanley’s spot Bitcoin ETF MSBT spent $7.21 million to add roughly 100.3 BTC to its holdings. As of now, its total Bitcoin position has crossed 6,300 for the first time, reaching 6,331 BTC valued at more than $406 million.
1 seconds ago
Coldcard hacker moves 30.185 $BTC ($1.94M) to new wallet after stealing 2,055 $BTC
The #Coldcard hacker, who stole 2,055 $BTC($130M), is active again. An hour ago, the hacker transferred 30.185 $BTC($1.94M) to a new wallet.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Korea Exchange will launch after-hours trading service for ETFs.
Korea Exchange will officially launch after-hours trading for Exchange-Traded Funds (ETFs) on September 14. The exchange aims to compete with alternative trading system Nextrade and all-day cryptocurrency exchanges. Asset management firms have warned that the lack of real-time net asset value (NAV) estimates could widen ETF price deviations; the industry had previously called on Korea Exchange to delay the service’s launch. Single-stock leveraged ETFs will not be included in the eligible securities for after-hours trading. (Jin10)
1 seconds ago
Spot gold rose 0.94% intraday. Spot silver’s intraday gain expanded to 2%.
Bitget market data shows spot gold has climbed above $4,280 per ounce, gaining 0.94% intraday. Spot silver’s daily rise has expanded to 2%, currently trading at $62.76 per ounce.
1 seconds ago
Binance Wallet updates the bStocks Alpha trading volume reward mechanism: Certain assets are eligible for 4x rewards on designated trading days.
According to an official announcement, bStocks’ 4x Alpha trading volume reward mechanism will be adjusted starting at 00:00 UTC on August 8, 2026. Post-adjustment, trades of designated bStocks will earn 4x Alpha trading volume rewards from 00:00 UTC Monday to 23:59 UTC Friday, while trades of other bStocks will receive 1x rewards. From 00:00 UTC Saturday to 23:59 UTC Sunday, all bStocks trades will be eligible for a uniform 1x Alpha trading volume reward. The 1x/4x reward labels displayed for each bStock will be updated per the above UTC schedule. Users are advised to refer to these displayed labels before trading, as final Alpha trading volume is subject to system records.
1 seconds ago
Moscow Exchange plans to launch a digital asset custody system, which is expected to go live by the end of 2026 or early 2027.
Moscow Exchange (MOEX) is preparing to launch a digital custody system (digital depository platform) for crypto assets, a plan confirmed by multiple brokerage industry sources and individuals close to the exchange. The system will not be built on MOEX’s existing architecture, nor will it be integrated with Russia’s National Settlement Depository (NSD), but will operate as an independent infrastructure. The specific model is still under discussion, and Russia’s legal crypto market may eventually form multiple digital asset liquidity hubs, including Moscow Exchange and platforms operated by large financial institutions. Sources said the digital custody system is expected to launch by the end of 2026 or early 2027. Earlier, several major Russian banks—including Sber, VTB, T-Bank, and Alfa-Bank—also announced plans to build digital asset custody infrastructure. Under the plan, each brokerage client will hold an anonymous account in the digital custody system, essentially equivalent to an on-chain wallet address used to track investors’ crypto assets. Some market participants plan to conduct crypto trading exclusively through their own custody systems, while others are considering a hybrid model: trading on exchanges, with digital custody handled by banks or brokerages.
1 seconds ago
Morgan Stanley’s spot Bitcoin ETF MSBT has total holdings worth over $400 million.
According to the latest monitoring data from Arkham, Morgan Stanley’s spot Bitcoin ETF MSBT spent $7.21 million to add roughly 100.3 BTC to its holdings. As of now, its total Bitcoin position has crossed 6,300 for the first time, reaching 6,331 BTC valued at more than $406 million.
1 seconds ago
Coldcard hacker moves 30.185 $BTC ($1.94M) to new wallet after stealing 2,055 $BTC
The #Coldcard hacker, who stole 2,055 $BTC($130M), is active again. An hour ago, the hacker transferred 30.185 $BTC($1.94M) to a new wallet.
Updated Aug 7, 2026, 4:55 a.m. Published Aug 7, 2026, 4:28 a.m.
2 min read
BTC may be tracing out a bullish head-and-shoulders bottom. (TradingView)Summary
Bitcoin'‘s price is tracing out a potential bullish inverse head-and-shoulders patter on the daily chart. Prices could rise to $76,000 if the pattern is triggered. The pattern isn’t confirmed yet. Chart reading remains subjective, and the Clarity Act uncertainty is a reason to watch for renewed weakness below the 50-day average.Bitcoin's BTC$64,260.53 recent price action has been unremarkable and boring, the kind that sends traders looking for excitement elsewhere.
But look closer, through a technical analyst's lens, and the token appears to be hammering out a bullish pattern, which, if confirmed, could suggest a rally to $76,000.
That pattern is the popular inverse head-and-shoulders (H&S) setup, typically seen at the end of a downtrend rather than in the middle of one. It involves three troughs separated by temporary price recoveries. The middle trough is the deepest, marking peak bearishness or selling, while the shallower trough that follows is the first sign of seller, or downtrend, exhaustion.
A completed pattern, marked by prices rising through a line connecting the interim recoveries, called the neckline, is said to confirm a bullish trend revival.
The pattern is visible on bitcoin's daily chart: a low near $60,000 in early June formed the left shoulder, a deeper trough near $57,700 in late June or early July marked the head, and the recent bounce from around $62,500 formed the right shoulder. Each trough was followed by a rebound toward a similar resistance zone.
Connect those bounce highs and you get the neckline, sitting at roughly $66,800 as of this writing. That level is the trigger: if prices continue to rise and break decisively above it, chartists would treat it as confirmation, with a projected target near $76,000, based on the pattern's depth (the distance from neckline to head) added back on top of the breakout point.
Technical analysis patterns are inherently subjective, and some chartists may argue this setup doesn't fit textbook rules to the letter. But that's the nature of chart reading – it's an interpretive craft, not an exact science.
The inverse H&S is considered a reliable pattern by analysts.
Thomas Bulkowski, an internationally recognized expert on chart patterns, identifies it as a highly reliable bullish reversal setup, ranking 13th out of 39 for performance, with only an 11% break-even failure rate. His data, drawn from thousands of charts studied over years of traditional equity markets, shows that 71% of these patterns meet their measured price target, with a 65% rate of pulling back to retest the neckline first.
That said, an inverse H&S pattern remains a work in progress, not a confirmed signal. It is one scenario, not a guarantee. The pattern only activates if price actually clears and holds above the neckline.
There's a headwind working against the bullish case, too. Odds of the Clarity Act passing this year have been dwindling, removing a catalyst some traders were counting on for regulatory tailwinds. That makes vigilance for fresh weakness worthwhile even as the chart flashes a bullish setup.
The level to watch on the downside is the 50-day simple moving average, currently near $63,321. A decisive break below it would be an early sign that the setup is losing its footing rather than building toward a breakout.
Related Assets
12345678910
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Jun 29, 2026
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin active addresses hit their highest daily level since December 2024 after users moved funds from wallets generated with vulnerable Coldcard firmware, seeking alternatives.
Bitcoin (BTC) active addresses reached roughly 0.98 million a day on July 31, the highest daily count since December 2024, after attackers began sweeping wallets whose seeds were generated on defective Coldcard firmware.
Glassnode published the figure on August 6 and called the surge “fear-driven on-chain activity.” The analytics firm stated that “holders migrating seeds and moving funds to alternative custody reflects an operational security response, not a change in market conviction.”
Following the Coldcard firmware exploit, the number of active Bitcoin addresses surged to 0.98M/day, the highest since December 2024.
This is fear-driven on-chain activity. Holders migrating seeds and moving funds to alternative custody reflects an operational security response,… pic.twitter.com/BoKql7UpDH
— glassnode (@glassnode) August 6, 2026
Exchange Balances Climb 22,135 BTC Coin Metrics recorded 967,546 active addresses that day, 54% above the July average of 627,061. The last higher reading on that series was 985,635 on December 10, 2024.
Bitcoin held on exchanges rose from 2,654,863 on July 29 to 2,676,998 on August 3, a build of 22,135 coins or 0.83%, according to Coin Metrics. The balance eased to 2,667,058 by August 5, leaving roughly 12,200 of those coins on exchanges.
The transaction count moved the other way. The network processed 607,581 transactions on July 31, below the July average of 656,321, while active addresses ran 54% above their monthly average.
Coin Metrics logged 730,433 active addresses on August 5, roughly 16% above the July average and the seventh straight day above it.
Losses Pass $100 Million Coinkite, the Canadian firm behind Coldcard, disclosed that seeds created on Mk2 and Mk3 firmware version 4.0.1, released in March 2021, through version 4.1.9 carry weakened randomness.
Likewise, seeds generated on Mk4, Mk5, and Q devices before the patched releases hold about 72 bits of entropy against the 128 bits intended. Fixed firmware shipped as version 4.2.0 for Mk2 and Mk3, 5.6.0 for Mk4 and Mk5, and 1.5.0Q for Q.
Something to notice is that seeds built with at least 50 fair, independent, and private dice rolls drew enough entropy from the dice alone, and a strong, unique BIP-39 passphrase forces an attacker to discover the passphrase as well.
Moreover, Coinkite noted that a passphrase “does not repair the affected seed” and told those users to migrate anyway. Installing the patch does not fix a seed already created.
The first sweep took 594.5 BTC across 1,324 UTXOs from about 500 single-signature addresses in four consecutive blocks on July 30. Median loss per victim was 0.41 BTC, and the largest single loss was 29.9 BTC.
Galaxy Research counts 1,596 BTC confirmed stolen from about 7,300 addresses, rising to 2,055 BTC once suspected sweeps are included. As CryptoPotato reported, the confirmed haul passed $100 million last week.
Santiment measured 0.58 bullish comments for every bearish one across social channels, the lowest positive-to-negative ratio since the firm began tracking. Coinkite has told every owner who generated a seed on affected firmware to move funds to a new seed on patched hardware. Bitcoin traded at $64,606 on August 6.
Canada Bears the Biggest Share of LossesCanadian Bitcoin $BTC holders have emerged as the hardest-hit group from the ongoing Coldcard wallet exploit, accounting for 25% of total losses, the largest share of any single country, according to Chainalysis. The concentration is not entirely surprising: Coinkite, the Toronto-based company behind Coldcard, made a bitcoin-only hardware wallet that has been the latest target of the breach. Australia follows with an estimated 15% to 20% of losses, while the US and Thailand each account for between 10% and 15%.
As of Tuesday, Galaxy Research said hackers have stolen around $130 million, a figure that Tom Robinson, co-founder of Elliptic, told TechCrunch was "roughly correct." Nearly half of that, roughly $70 million, was stolen in the first 41 minutes of the cyberattack. One detail underscores the profile of victims: the stolen coins had, on average, sat untouched for about 3.18 years before being swept, pointing to long-term holders and cold storage users who had trusted the device with funds they rarely moved.
A Five-Year-Old Firmware Flaw at the RootFirmware version 4.0.1, which introduced the bug, was released in March 2021. Every seed generated on an affected Coldcard between March 2021 and the patched firmware releases on July 31, 2026, is potentially compromised. The firmware bug weakened seed randomness on some Coldcard wallets, cutting key strength from 128 bits to as little as 40, making them brute-forceable without physical access.
A build configuration error caused some devices to fall back on a weak software random number generator instead of the device's hardware-based entropy source when generating wallet seeds. Once attackers understood the flaw, they could mirror the same process on their own computers, enumerate possible recovery phrases, and sweep funds without ever touching the physical device.
The exploit has fragmented from a handful of coordinated waves into an open free-for-all, with Galaxy Research estimating that at least 15 separate attackers are now draining vulnerable wallets. Stolen funds are pooling at a small number of attacker-controlled addresses, with laundering activity remaining limited so far.
Coinkite acknowledged the issue in a detailed security advisory, released fixed firmware to address the problem, and provided instructions for affected users. Critically, the firmware version installed when the device created the seed determines exposure. Updating the firmware does not protect a seed that was already generated under the vulnerable version. Affected users are urged to generate an entirely new seed and migrate their funds to new addresses.
The incident is the third-largest crypto hack of 2026, bringing the year's total past $1.2 billion across 276 incidents.
Sources:
TechCrunch: Hackers steal over $130M by exploiting bug in offline hardware wallets
TRM Labs: Inside the Coldcard Hack
Coinkite: Official Coldcard Security Advisory
Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address(Shutterstock)Summary
A long-dormant bitcoin wallet that received 49.97 BTC in 2011, when the cryptocurrency traded around $10, moved nearly 50 BTC worth about $3.2 million on Thursday.The coins were sent to a SegWit address that has previously funneled bitcoin to institutional brokerage FalconX and received funds from Nexo and Prime Trust–linked wallets, though the newly moved BTC has not yet left that address.The transfer comes amid heightened security concerns following a major exploit of Coldcard hardware wallets, which has led long-term holders to reexamine old storage setups, but there is no evidence connecting this 2011 wallet to the flaw.A bitcoin wallet that had been dormant since 2011 moved nearly 50 BTC worth about $3.2 million on Thursday, shifting the coins to an address with a history of sending bitcoin to institutional crypto brokerage FalconX.
The wallet received the coins on July 16, 2011, when bitcoin traded around $10, and had not spent them since, according to Galaxy Research. The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.
The transaction, included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.
SegWit is a newer Bitcoin address format that makes transactions more space-efficient and generally cheaper to send. Addresses beginning with bc1 use it.
The destination is not a fresh wallet, however. Arkham data show the address has been active for several years and previously sent 6.336 BTC and 16.131 BTC to addresses the analytics platform labels as FalconX deposits.
It has also received funds from wallets Arkham labels as a Nexo hot wallet and Prime Trust custody.
The newly arrived 50 BTC remained in the address as of Friday morning. That means there is no on-chain evidence that the dormant coins themselves have been sent to FalconX, another exchange or sold.
A 2011 wallet's coins landed in an address that has sold through a prime broker before. (Shaurya Malwa/CoinDesk)Dormant wallets from bitcoin's earliest years tend to draw attention when they move because their owners accumulated coins when the asset was worth a fraction of today's price.
While movement alone gives little indication of what the holder plans to do next, and transfers can reflect anything from wallet upgrades and custody changes to preparations for a sale.
The movements come on the back of one of the worst cold-wallet exploits to hit Bitcoin in years, a reminder that coins can sit safely for more than a decade and still become vulnerable when the software protecting their keys fails.
Coinkite, maker of the Coldcard hardware wallet, urged users on Tuesday to move funds after disclosing a flaw in firmware dating to 2021 that could expose keys generated by affected devices. Attackers have swept as much as $114 million from vulnerable wallets since July 30, according to the company, in four waves of thefts.
There is no evidence linking the 2011 wallet to the Coldcard issue, and the address predates the device by years. But the disclosure has sent long-term holders back to check old storage setups, adding another reason for dormant bitcoin to suddenly move on-chain.
12345678910
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Jun 29, 2026
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
