Track market-moving stories before they get noisy

AI-assisted vulnerability reports surge, Apple limits the number of submissions from researchers.

According to the Financial Times, Apple’s internal security team has seen a surge in vulnerability reports as numerous researchers use AI models to hunt for software flaws, leading the company to limit the number of vulnerabilities researchers can submit simultaneously in June and impose a 30-day cooling-off period. Apple said some AI-generated reports fabricate security risks, straining its review system. Italian cybersecurity startup Bynario said it used OpenAI’s ChatGPT to uncover over 50 vulnerabilities in the latest MacBook operating system in three weeks, including a privilege escalation attack chain that could let attackers gain full control of Apple computers. However, due to Apple’s report submission limits, the firm was temporarily unable to file the relevant vulnerabilities. Apple said it has since reached out to Bynario and begun reviewing the findings. The company noted that every security report still requires manual verification, and it is also using AI internally to categorize the flood of submissions. Researchers can apply for higher submission quotas to ensure critical vulnerabilities reach the security team. Bynario estimates the privilege escalation flaw it discovered could be worth between $100,000 and $200,000 on the cybercriminal black market. Apple launched a new bug bounty program last year, offering up to $5 million for discovering the most severe and complex threat categories in its software. Apple’s system security update released this week also revealed that tools from Anthropic and OpenAI helped identify multiple device vulnerabilities, with the number of fixes this cycle roughly five times that of previous update periods. Security firm Sophos noted that AI is boosting the efficiency of real vulnerability discoveries while generating a large volume of low-quality reports, shifting the challenge for bug bounty programs from "finding flaws" to rapid verification, prioritization, and response.

30 minutes ago

Analysts: Trump’s cancellation of the strike on Iran, Saudi diplomatic mediation, and Iran’s mounting pressure may be key factors.

According to CNN, Trump announced the cancellation of planned strikes on Iran, stating that Iran and other Middle Eastern countries had requested a delay. Earlier, sources said Saudi Arabia’s Crown Prince had called Trump to express concerns. Military analyst and former U.S. Air Force Colonel Cedric Leighton believes both Saudi Arabia and Iran have ample reason to avoid further escalation of regional conflict. Leighton noted that Saudi Arabia is facing economic pressure from a potential disruption to the Strait of Hormuz, and as a key U.S. ally in the Gulf, its diplomatic mediation played an important role in Trump’s decision to pause the strikes. He also pointed out that Iran is under pressure from both the Strait’s blockade and economic damage, and after five months of conflict, it may also be seeking time while striving to maintain its survival. “If there is indeed diplomatic pressure from Iran, I think this may reflect that Iran is trying to buy time,” Leighton said. “They are indeed under significant pressure both economically and militarily. But at the same time, I also know that Iran is doing its utmost to survive,” he added.

30 minutes ago

US AI startups race to build low-cost AI alternatives to Chinese AI, but still face financing headwinds.

According to The Wall Street Journal, as Chinese open-weight models such as Kimi, Qwen, and DeepSeek approach top-tier U.S. models at lower costs, Silicon Valley and Washington are growing increasingly concerned that Chinese models could long-term compress the profits of U.S. AI enterprises. U.S. startups including Arcee AI, Reflection AI, and Poolside are racing to develop domestic alternatives to meet user demand for low-cost, downloadable, and customizable models. However, U.S. open-weight model companies face financing difficulties. Some investors question whether freely open models can generate stable revenue, and also worry that related technology could erode the value of their investments in OpenAI and Anthropic. In the first quarter of 2026, AI startups raised a total of $255.5 billion, with nearly two-thirds coming from three funding rounds by OpenAI, Anthropic, and xAI. With limited capital, Arcee AI used 2,048 Nvidia Blackwell B300 chips, completed 33 days of pre-training on an approximately $20 million budget, and launched Trinity Large. The model is still smaller than top-tier models and lags behind OpenAI and Anthropic in multiple benchmarks, but the company plans to develop a larger model via a new round of financing. Nvidia has become a major supporter of the U.S. open AI ecosystem, not only developing the Nemotron series of models but also investing in Reflection AI, Poolside, and Thinking Machines Lab. Industry insiders note that the U.S. open-weight ecosystem is still small, and Chinese models as a whole remain dominant.

30 minutes ago

Trump Media & Technology Group has officially launched the Truth API, enabling paying customers to access Trump’s posts faster.

Trump Media Group has officially launched the paid data service Truth API, which provides clients with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs up to $100,000 per month, targeting primarily trading firms and enterprises. Kevin McGurn, interim CEO of Trump Media, stated that the Truth API is designed to provide institutions with "direct, licensed, real-time data streams of the most market-influential Truth posts." Trump's @realDonaldTrump account currently has 13 million followers, and some of his major policy decisions are first posted on Truth Social. Ahead of the service's launch, U.S. Democratic Senators Adam Schiff and Elizabeth Warren have sent a letter to the U.S. Securities and Exchange Commission (SEC), demanding an investigation into whether Trump Media has violated laws. The two senators argue that the service could constitute the use of presidential office for personal gain, and harm ordinary investors and market integrity. Trump Media stated that Truth Social posts already impact the market, and the Truth API will drive the commercialization of the company's own data assets through a high-margin, recurring revenue model.

30 minutes ago

Iranian military: Trump’s claim that Iran requested a halt to attacks is a 'lie'

Iran's Mehr News Agency cited an Iranian military official in a report on the 2nd that US President Donald Trump labeled Iran's demand to cease attacks "a new lie". The official stated: "Whether he continues his aggression or retreats, our forces are on high alert and prepared for all eventualities. If confrontation is unavoidable, the battlefield will decide everything, and by then everyone will know who holds the power and who will have the final say." (Xinhua News Agency)

30 minutes ago

After three years of a "winter" slump, Chinese VCs are racing to raise capital, with at least 60 dollar-denominated funds targeting $35 billion.

According to the Financial Times, after three years of record lows, Chinese venture capital firms are accelerating the raising of new funds, seeking to capitalize on renewed investor interest in China’s tech sector. Data from Asante Capital shows that at least 60 new U.S. dollar funds plan to raise a combined total of around $35 billion, with roughly 40 of these being venture capital funds. HSG, IDG Capital, Matrix Partners China, and Mingshi Capital are among those promoting new funds or preparing to launch fundraising rounds; ZhenFund and Qiming Venture Partners have recently completed their fundraisings. The successful listings of tech firms including Zhipu AI and MiniMax, as well as advances in MoonShot AI, DeepSeek, and the robotics space, have spurred renewed investor focus on Chinese tech. Some investors are viewing allocations to Chinese AI as a way to hedge bets on the U.S. market, noting that Chinese firms compete fiercely on cost and offer lower-priced model services. However, market players say this does not mean Chinese venture capital has returned to its boom period, but rather a selective restart of U.S. dollar fundraising after three consecutive years of lows. Preqin data shows that in 2022, 1,105 China-related funds raised $150 billion, while in 2025 only 97 funds raised $13.6 billion. Currently, some large U.S. investors remain on the sidelines due to restrictions on sensitive technology investments, while funds from Europe and the Middle East have shown stronger interest. In the current "buyer’s market", investors are pushing for more co-investment rights and demanding fund managers to commit more of their own capital. Meanwhile, a large pool of capital is competing for a limited number of high-confidence projects, particularly concentrated in the AI sector.

30 minutes ago

AI-assisted vulnerability reports surge, Apple limits the number of submissions from researchers.

According to the Financial Times, Apple’s internal security team has seen a surge in vulnerability reports as numerous researchers use AI models to hunt for software flaws, leading the company to limit the number of vulnerabilities researchers can submit simultaneously in June and impose a 30-day cooling-off period. Apple said some AI-generated reports fabricate security risks, straining its review system. Italian cybersecurity startup Bynario said it used OpenAI’s ChatGPT to uncover over 50 vulnerabilities in the latest MacBook operating system in three weeks, including a privilege escalation attack chain that could let attackers gain full control of Apple computers. However, due to Apple’s report submission limits, the firm was temporarily unable to file the relevant vulnerabilities. Apple said it has since reached out to Bynario and begun reviewing the findings. The company noted that every security report still requires manual verification, and it is also using AI internally to categorize the flood of submissions. Researchers can apply for higher submission quotas to ensure critical vulnerabilities reach the security team. Bynario estimates the privilege escalation flaw it discovered could be worth between $100,000 and $200,000 on the cybercriminal black market. Apple launched a new bug bounty program last year, offering up to $5 million for discovering the most severe and complex threat categories in its software. Apple’s system security update released this week also revealed that tools from Anthropic and OpenAI helped identify multiple device vulnerabilities, with the number of fixes this cycle roughly five times that of previous update periods. Security firm Sophos noted that AI is boosting the efficiency of real vulnerability discoveries while generating a large volume of low-quality reports, shifting the challenge for bug bounty programs from "finding flaws" to rapid verification, prioritization, and response.

30 minutes ago

Analysts: Trump’s cancellation of the strike on Iran, Saudi diplomatic mediation, and Iran’s mounting pressure may be key factors.

According to CNN, Trump announced the cancellation of planned strikes on Iran, stating that Iran and other Middle Eastern countries had requested a delay. Earlier, sources said Saudi Arabia’s Crown Prince had called Trump to express concerns. Military analyst and former U.S. Air Force Colonel Cedric Leighton believes both Saudi Arabia and Iran have ample reason to avoid further escalation of regional conflict. Leighton noted that Saudi Arabia is facing economic pressure from a potential disruption to the Strait of Hormuz, and as a key U.S. ally in the Gulf, its diplomatic mediation played an important role in Trump’s decision to pause the strikes. He also pointed out that Iran is under pressure from both the Strait’s blockade and economic damage, and after five months of conflict, it may also be seeking time while striving to maintain its survival. “If there is indeed diplomatic pressure from Iran, I think this may reflect that Iran is trying to buy time,” Leighton said. “They are indeed under significant pressure both economically and militarily. But at the same time, I also know that Iran is doing its utmost to survive,” he added.

30 minutes ago

US AI startups race to build low-cost AI alternatives to Chinese AI, but still face financing headwinds.

According to The Wall Street Journal, as Chinese open-weight models such as Kimi, Qwen, and DeepSeek approach top-tier U.S. models at lower costs, Silicon Valley and Washington are growing increasingly concerned that Chinese models could long-term compress the profits of U.S. AI enterprises. U.S. startups including Arcee AI, Reflection AI, and Poolside are racing to develop domestic alternatives to meet user demand for low-cost, downloadable, and customizable models. However, U.S. open-weight model companies face financing difficulties. Some investors question whether freely open models can generate stable revenue, and also worry that related technology could erode the value of their investments in OpenAI and Anthropic. In the first quarter of 2026, AI startups raised a total of $255.5 billion, with nearly two-thirds coming from three funding rounds by OpenAI, Anthropic, and xAI. With limited capital, Arcee AI used 2,048 Nvidia Blackwell B300 chips, completed 33 days of pre-training on an approximately $20 million budget, and launched Trinity Large. The model is still smaller than top-tier models and lags behind OpenAI and Anthropic in multiple benchmarks, but the company plans to develop a larger model via a new round of financing. Nvidia has become a major supporter of the U.S. open AI ecosystem, not only developing the Nemotron series of models but also investing in Reflection AI, Poolside, and Thinking Machines Lab. Industry insiders note that the U.S. open-weight ecosystem is still small, and Chinese models as a whole remain dominant.

30 minutes ago

Trump Media & Technology Group has officially launched the Truth API, enabling paying customers to access Trump’s posts faster.

Trump Media Group has officially launched the paid data service Truth API, which provides clients with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs up to $100,000 per month, targeting primarily trading firms and enterprises. Kevin McGurn, interim CEO of Trump Media, stated that the Truth API is designed to provide institutions with "direct, licensed, real-time data streams of the most market-influential Truth posts." Trump's @realDonaldTrump account currently has 13 million followers, and some of his major policy decisions are first posted on Truth Social. Ahead of the service's launch, U.S. Democratic Senators Adam Schiff and Elizabeth Warren have sent a letter to the U.S. Securities and Exchange Commission (SEC), demanding an investigation into whether Trump Media has violated laws. The two senators argue that the service could constitute the use of presidential office for personal gain, and harm ordinary investors and market integrity. Trump Media stated that Truth Social posts already impact the market, and the Truth API will drive the commercialization of the company's own data assets through a high-margin, recurring revenue model.

30 minutes ago

Iranian military: Trump’s claim that Iran requested a halt to attacks is a 'lie'

Iran's Mehr News Agency cited an Iranian military official in a report on the 2nd that US President Donald Trump labeled Iran's demand to cease attacks "a new lie". The official stated: "Whether he continues his aggression or retreats, our forces are on high alert and prepared for all eventualities. If confrontation is unavoidable, the battlefield will decide everything, and by then everyone will know who holds the power and who will have the final say." (Xinhua News Agency)

30 minutes ago

After three years of a "winter" slump, Chinese VCs are racing to raise capital, with at least 60 dollar-denominated funds targeting $35 billion.

According to the Financial Times, after three years of record lows, Chinese venture capital firms are accelerating the raising of new funds, seeking to capitalize on renewed investor interest in China’s tech sector. Data from Asante Capital shows that at least 60 new U.S. dollar funds plan to raise a combined total of around $35 billion, with roughly 40 of these being venture capital funds. HSG, IDG Capital, Matrix Partners China, and Mingshi Capital are among those promoting new funds or preparing to launch fundraising rounds; ZhenFund and Qiming Venture Partners have recently completed their fundraisings. The successful listings of tech firms including Zhipu AI and MiniMax, as well as advances in MoonShot AI, DeepSeek, and the robotics space, have spurred renewed investor focus on Chinese tech. Some investors are viewing allocations to Chinese AI as a way to hedge bets on the U.S. market, noting that Chinese firms compete fiercely on cost and offer lower-priced model services. However, market players say this does not mean Chinese venture capital has returned to its boom period, but rather a selective restart of U.S. dollar fundraising after three consecutive years of lows. Preqin data shows that in 2022, 1,105 China-related funds raised $150 billion, while in 2025 only 97 funds raised $13.6 billion. Currently, some large U.S. investors remain on the sidelines due to restrictions on sensitive technology investments, while funds from Europe and the Middle East have shown stronger interest. In the current "buyer’s market", investors are pushing for more co-investment rights and demanding fund managers to commit more of their own capital. Meanwhile, a large pool of capital is competing for a limited number of high-confidence projects, particularly concentrated in the AI sector.

30 minutes ago

TLDR: CZ said spreading funds across independent wallets can reduce losses when one device or seed is compromised. Galaxy Research linked three Coldcard attack waves to 1,367.05 BTC across 4,585 total affected addresses. A firmware flaw weakened seed generation, allowing attackers to reconstruct keys without phishing or malware. Multi-wallet security lowers concentration risk but increases backup, recovery, and operational complexity. Binance founder Changpeng “CZ” Zhao reopened debate after a Coldcard flaw showed that hardware wallets can fail before transactions even begin. The incident exposed a security problem as affected devices could create weak recovery seeds, leaving funds vulnerable without phishing, malware, or theft.

Zhao said no crypto wallet is secure and advised dividing holdings across several wallets to limit losses from one failure. However, he warned that spreading assets creates risks, including lost backups, poor recovery planning, and mistakes across devices.

Even hardware wallets can have bugs. Even old wallets (with long history) can have bugs.

How to mitigate? Split your funds in a few wallets maybe? This has a different set of risks. Nothing is 100%.

Stay informed. Stay SAFU! https://t.co/9CHiNlbJbz

— CZ 🔶 BNB (@cz_binance) August 1, 2026

Galaxy Research raised losses to 1,367.05 BTC across 4,585 addresses, worth about $88.6 million. Its earlier analysis traced 1,082.65 BTC from 1,196 addresses during a 41-minute sweep on July 30.

Coldcard Seed Flaw Exposed Weakness at Key Creation Block’s Bitcoin engineering and security teams traced the weakness to a firmware integration error introduced in March 2021. Affected software could use a deterministic fallback instead of consistently relying on the hardware random-number generator for unpredictable recovery seeds.

That fallback used chip identifiers and timing data, allowing an attacker to narrow possible inputs and generate candidate seeds offline. The attacker could then derive public addresses and compare them with funded addresses visible on Bitcoin’s blockchain.

Once a match appeared, the corresponding private keys could transfer the funds. Coinkite said Coldcard Mk2 and Mk3 seeds created on firmware versions 4.0.1 through 4.1.9 may contain critically weak entropy.

It also warned that seeds generated on Mk4, Mk5, and Q devices before emergency updates could contain about 72 bits of entropy. Those devices were intended to provide 128 bits, making the affected seed space easier to search.

Coinkite issued firmware patches, but an update cannot strengthen an old seed already created by vulnerable software. Users must therefore update the device, generate a new seed, and move funds to addresses controlled by replacement keys.

Multi-Wallet Security Limits Risk but Adds Complexity CZ’s multi wallet approach changes the security goal from finding one perfect device to limiting damage when one system fails. Basically, separate wallets with independently generated seeds can prevent one compromised recovery phrase from exposing an entire portfolio.

Using products from different manufacturers can also reduce dependence on one codebase, firmware design, or random-number process. Yet a multi wallet setup is safer only when each seed is created independently and every backup remains protected.

As a result, splitting funds across several wallets derived from the same vulnerable root seed would not remove the underlying exposure. Multisignature custody adds another safeguard by requiring several keys before funds can move.

However, Block warned that arrangements built entirely from vulnerable devices may still fail if compromised keys control the required quorum. A stronger structure requires independently generated keys, tested recovery procedures, and regular attention to vendor security notices.

Overall, the Coldcard case shows that a crypto wallet can protect keys offline yet still fail during key creation. Hardware wallets, on the other hand, remain useful, but the incident demonstrates that self-custody depends on secure generation, careful diversification, and rapid user response.

For users, multi wallet security may reduce concentration risk, although it increases the burden of protecting and recovering every key.

TECHINASIA: Bitcoin wallet attack nears $89m in losses

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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.

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Bitcoin hardware wallet providers Ledger and Trezor have distanced themselves from Coinkite’s Coldcard $38M exploit. 

An unfortunate code flaw within Coldcard’s firmware allowed an attacker to steal 38M worth of BTC or more from the hardware wallet. 

Since Coldcard shares part of the hardware design involving the True Random Number Generator (TRNG) with other providers, investors were worried that other wallets could also be at risk. 

However, Ledger clarified that it uses a slightly more secure design, maintaining that their Bitcoin hardware wallets were “not affected” by Coldcard’s flaw. 

Source: X The firm added that it uses a 256-bit mathematical complexity system (entropy), which makes seed phrases difficult to crack.

On the contrary, Coldcard’s flaw downgraded Coinkite’s system from a 128-bit to a guessable 40-bit system, which could easily be cracked using brute force. 

Trezor, another Bitcoin hardware provider, also assured its users that they should not be alarmed about the Coldcard incident. 

Trezor users: your funds are safe. The recent Coldcard issue is limited to their own custom firmware and how some of their devices generated randomness. Trezor does not share that code.

BTC dumps 3% to 2-week low after Coldcard exploit Despite the assurance, the Coldcard exploit sparked broader fear about safety on hardware wallets and self-custody. 

According to TaprootWizards’ Udi Wertheimer, self-custody is now “worryingly unrealistic,” warning that AI models with cybersecurity attack capabilities will intensify the hacks. 

For his part, Coinbase CEO Brian Armstrong said the best way to improve physical security is by “air-gapping keys,” citing his firm’s operational standard for crypto ETF custody. 

Source: X As the community discussed Bitcoin self-custody threats, BTC’s sentiment dropped to a four-month low. According to Santiment data, the soured sentiment mirrored the market caution seen as the West Asia crisis intensified in April.  

As a result, Bitcoin [BTC] price dropped sharply by nearly 3%, tagging a 2-week low of $62.4K. But the crypto asset slightly recovered back above $63K as of writing. 

Source: Santiment  Others projected that the overwhelming effort to handle self-custody amid the ongoing risks would force investors to opt for U.S. Spot ETFs. 

However, the ETF demand was also impacted by the weak sentiment on Friday. The products recorded a daily net outflow of $265. It remains to be seen whether the spot BTC ETFs will attract new investors worried by self-custody risks and upcoming quantum attack vectors. 

Final Summary Ledger and Trezor said they were “not affected” by the Coldcard flaw as they operate different systems for their hardware wallets.  Coinbase CEO said “air-gapping keys” can help reduce some threats.

A Bitcoin sign is seen at a cryptocurrency exchange in Hong Kong on July 11, 2025. (Photo by Peter PARKS / AFP) (Photo by PETER PARKS/AFP via Getty Images)

AFP via Getty Images

"I think we're four years away from Bitcoin going away," David McAlvany, chief executive of the gold app Vaulted, said on the On The Margin podcast. "Within four years we have quantum computing, and that is the end of Bitcoin. You can solve all the math problems instantly."

"I have no idea if it's four years from now, five years from now, or two months from now," he added. No machine that could do it exists in mid-2026. But the threat now carries a number.

'Attackers understood that before security teams'"What's a bit unfortunate about it is that attackers understood that before infrastructure teams and before security teams," Ido Sofer, founder of the key-management firm Sodot, said on the On The Margin podcast. "We're meeting every new attack vector first."

Galaxy Digital estimated in March 2026 that roughly 7 million Bitcoin sit in addresses that have already exposed their public key on-chain, worth about $470 billion. Glassnode put it at 6.04 million, or 30.2% of supply. Both are estimates, not protocol counts, and Galaxy called the risk "real, but far from an existential crisis." The exposed coins are Satoshi-era addresses that reveal the raw public key, plus any address reused after its first spend. Exposure is not theft. It becomes theft only when a machine can reverse the math, and that machine does not exist yet.

'Bring your own locks'"When you’re on Bitcoin, when you're on Ethereum, when you're on Solana, right now, you're locked into whatever lock they permit you to use, which is just one kind," Yoon Auh, chief executive of BOLTS Technologies, said on the podcast. "When you see quantum advances, these locks can be broken, and that's what they're scared of."

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Those locks look more breakable every year. Google researcher Craig Gidney showed in May 2025 that breaking RSA-2048 might take fewer than a million qubits, a twentyfold cut from his own 2019 figure. An April 2026 Google whitepaper put cracking Bitcoin's elliptic-curve cryptography at fewer than 500,000. Ethereum Foundation researcher Justin Drake estimates a 10% chance a quantum computer could pull a Bitcoin key from an exposed public key by 2032. And in April 2026 a researcher chasing Project Eleven's Q-Day Prize broke a 15-bit key on real quantum hardware. Real keys are 256 bits, so it is a toy, but it is a toy that did not work at all a year before.

Auh's answer is to hand the choice of cryptography to the user instead of the chain. "Bring your own locks, choose your own locks," he said. BOLTS demonstrated its per-transaction cryptography to NIST's post-quantum cryptographers and ran a quantum-resilience pilot on Canton Network in December 2025. NIST finalized its first three post-quantum standards in August 2024.

Bitcoin's own developers are split on what to do. One draft proposal, BIP-360 from Hunter Beast, would add a quantum-resistant address type. A second, BIP-361 from Jameson Lopp and five co-authors, is the one that makes people flinch: it would retire legacy signatures in two phases, and any coins that never migrated, including those thought to be Satoshi Nakamoto's, would become unspendable. Freezing dormant coins, supporters argue, beats letting a future quantum thief drain them and dump them on the market. Critics call it confiscation. Algorand has signed its state proofs with quantum-resistant Falcon signatures since 2022; the Quantum Resistant Ledger and the publicly listed BTQ are chasing the same problem from other angles.

'It's like discovering cold fusion'Into that crowd steps American Fortress, an Austin company that raised an $8 million seed round in May, co-led by 0G Labs, SAVA Digital Asset Fund and Moon Pursuit Capital. Formerly known as MatterFi, it pitches quantum resistance "for all chains without users having to migrate any addresses at all," paired with a backward-compatible Bitcoin soft fork designed to auto-freeze vulnerable dormant wallets before an attacker reaches them. Its founder, Michal "Mehow" Pospieszalski, does not undersell it. "It's so good I can't give it away," he said on the On The Margin podcast of the quantum work. "It's like discovering cold fusion."

Those claims are worth reading with care. "This style of algorithm is not new news," Pospieszalski said. "People have suggested there's this way to create extra proofs around existing addresses. But it was so slow that people abandoned it. We made it work 100 times faster on a regular PC." American Fortress has filed a patent for post-quantum transaction signing, but a filing establishes priority, not proof; its technical paper has not been published, and the design has not been publicly audited. The company has deployed a beta on Arbitrum, with a partnerships manager at Offchain Labs quoted supportively, though that is a deployment rather than a formal endorsement of the cryptography. "Post-quantum security isn't a future feature, but a present necessity," Michael Heinrich, chief executive of 0G Labs, said in the funding announcement.

'Privacy is not anonymity'The quantum work is only half the sell. The other half is a compliance-and-privacy layer, built on the same argument that crypto never actually proves who paid whom. "If I send money to you, you get a cryptographic proof that actually came from my private key," Pospieszalski said. "That's been completely impossible before." He points to address poisoning, where scammers seed a victim's history with lookalike addresses; one such attack drained $68 million in wrapped Bitcoin in May 2024, though the funds were later recovered. His fix attaches a provenance proof to every transaction and lets users disclose an identity only when they choose. "We don't make you get an ID to use the system," he said. "It's like ENS, except private."

Whether a privacy layer with built-in compliance is coherent is exactly the question others in the space are wrestling with. "I always think of privacy and anonymity as completely different things," Varun Kabra, chief growth officer at Concordium, said on the On The Margin podcast. Concordium builds identity into the chain using zero-knowledge proofs, so "because there is selective disclosure, there is zero knowledge proof, nobody knows it is you." That is the same bet American Fortress is making. Kabra frames the compliance line the same way: "You are in control of what you want to disclose and to whom, but within the constraints of law," he said. "Nobody should be above the law."

'You can't prove it'Pospieszalski's conviction that systems should prove their own honesty predates crypto. A self-described white-hat hacker, he was chief technology officer of the Election Science Institute and around 2006 analyzed ES&S iVotronic voting machines, warning they had no cryptographic way to confirm a ballot was counted once. "You as the vote counter can't prove to me that you counted my vote, that you didn't double count it or under count it," he said. "You can't prove it." He later did forensic work for plaintiffs in the disputed 2020 Antrim County, Michigan case. By his own account the anomaly there traced to a misconfigured ballot-definition file, the same clerical explanation a bipartisan hand audit reached and every court that heard the matter accepted before the suit was dismissed and no fraud was ever substantiated.

None of the fixes now being funded settle the deeper question a long-term holder actually cares about. McAlvany, whose business is selling gold, asks whether Bitcoin will be here in 5,000 years. "Gold, I'm pretty sure will be," he said. "Bitcoin may or may not be."

TL;DR Trump Media reportedly sold another 2,628 BTC valued at approximately $165.07 million. The company has allegedly sold 7,281 BTC over the past seven months while remaining significantly underwater on its holdings. Bitcoin continues to trade below a key resistance zone near $63,600, according to the attached chart. Analysts are watching for either a relief rally into resistance or another leg lower if bearish momentum persists. Trump Media has reportedly reduced its Bitcoin exposure once again, selling another 2,628 BTC worth roughly $165.07 million, according to on-chain data shared by market trackers.

The latest sale brings the company’s reported Bitcoin disposals over the past seven months to 7,281 BTC, which were allegedly sold for approximately $545 million at an average price of $74,855 per coin.

According to the shared figures, Trump Media initially accumulated 11,542 BTC valued at around $1.37 billion at an average acquisition price of $118,522. Despite the recent sales, the firm’s remaining Bitcoin position is still reportedly showing an unrealized loss of approximately $555 million.

It looks like Trump Media sold another 2,628 $BTC($165.07M).

Trump Media bought 11,542 $BTC($1.37B) at an average price of $118,522, then started selling 7 months ago, selling a total of 7,281 $BTC ($545M) at an average price of $74,855.

Trump Media is now down a total of $555M… pic.twitter.com/9xx0MTbweg

— Lookonchain (@lookonchain) August 2, 2026

While the transactions have attracted attention across the crypto market, traders remain focused on whether the selling activity could influence broader market sentiment as Bitcoin continues to consolidate below key technical resistance.

Bitcoin Struggles Below Resistance The attached one-hour TradingView chart shows Bitcoin trading around $62,900 after failing to reclaim higher price levels during recent sessions.

Price action has formed a sequence of lower highs following a sharp rejection near $64,400, suggesting sellers continue to dominate short-term momentum.

A technical analyst accompanying the chart noted they are “still waiting on that scam pump to get in on a short,” indicating expectations for a temporary rebound toward resistance before another potential decline. While this reflects one trader’s market outlook rather than a confirmed forecast, the chart highlights the levels many market participants are monitoring.

Chart Analysis Points to Key Levels The chart identifies an important resistance zone around $63,600, where previous support has now turned into resistance following Bitcoin’s latest breakdown.

A projected path on the chart suggests a possible recovery toward this resistance area before another decline toward the $61,200 support region.

Several technical observations stand out. We see the resistance remains intact. Bitcoin has yet to reclaim the $63,600 level, keeping short-term momentum tilted toward sellers. We also see consecutive failed recovery attempts indicate buyers have struggled to regain control. Support is near $61,200. The chart highlights this area as the next major downside level if current support fails. A move back toward resistance cannot be ruled out before any continuation lower, particularly if short sellers wait for improved entry levels.

BTC Chart | Source: X Although the projected path is speculative, it reflects a common trading strategy of waiting for price to retest broken resistance before initiating bearish positions.

Institutional Selling on Bitcoin Continues to Draw Attention Large Bitcoin transactions from corporations, institutions, and governments frequently attract market attention because of their potential impact on liquidity and investor sentiment.

Recent months have seen several high-profile entities rebalance their Bitcoin holdings through public sales, treasury adjustments or strategic portfolio management. While such transactions do not always translate into immediate market declines, they often increase uncertainty, particularly when they involve thousands of Bitcoin changing hands.

Despite the reported Trump Media sales, Bitcoin continues to trade within a broader consolidation range, with traders watching macroeconomic developments, ETF flows and derivatives positioning for clues about the next directional move.

For now, the technical picture remains cautious. Unless buyers can reclaim resistance around $63,600, bears may continue targeting lower support levels in the sessions ahead.

A massive exploit involving the Coldcard crypto hardware wallet caused the theft of approximately $70 million in Bitcoin, unsettling the digital asset community. The incident, which saw 594 BTC drained from user wallets in under half an hour, has prompted widespread concern among investors about the reliability of crypto storage solutions.

Security concerns rise after Coldcard breachChangpeng Zhao, also known as CZ, the co-founder of leading crypto exchange Binance, addressed the growing anxiety following the Coldcard hack. Binance is currently the world’s largest cryptocurrency exchange by trading volume, serving millions of users globally. In the wake of the Coldcard incident, CZ stressed the necessity of remaining vigilant in the evolving landscape of crypto security threats.

The exploit has reignited debates about the safety of self-custody platforms, which are favored by many for offering users direct control over their digital assets. CZ emphasized that no platform or wallet, regardless of its reputation or the duration it has been in operation, is fully immune to vulnerabilities. He specifically pointed to both hardware and older crypto wallets as potential targets for exploitation, warning that even trusted solutions can harbor bugs.

Mini dictionary: Coldcard is a hardware wallet developed by Coinkite, designed for secure cold storage of Bitcoin. It is notable for being open-source and prioritizing security measures, but like all hardware wallets, it is not fully invulnerable to attacks or software bugs.

CZ urged that placing complete trust in one storage method is risky, as “even a hardware wallet or an older wallet may have critical bugs.”

Advice on mitigating crypto storage risksIn his response to the breach, CZ outlined a core approach for risk management. He advised crypto users to avoid putting all their digital assets into one wallet, as consolidating funds in a single location increases exposure in the event of a successful exploit. CZ recommended spreading assets across several wallets to minimize the potential impact from any single breach. However, he cautioned that dispersing holdings introduces its own set of risks, including the possibility of losing access to one or more wallets or mismanaging private keys.

He stated that “diversifying funds in multiple wallets can reduce loss in a single hack, though it adds other operational risks.”

The breach has been especially unsettling because hardware wallets like Coldcard are typically viewed by investors as the safest option for storing digital assets outside the reach of custodial exchanges. The incident, which resulted in the theft of $38 million worth of Bitcoin according to new assessments, has prompted many within the community to re-evaluate their security measures and consider a multi-layered approach to asset protection.

Sector response and ongoing concernsThe Coldcard exploit has triggered broader discussions about maintaining security in a constantly changing threat environment. Security experts are again emphasizing the importance of staying updated with new wallet software, enabling multi-factor authentication where possible, and maintaining strict safeguarding of private keys and seed phrases.

While no storage method offers perfect protection, the event has served as a stark reminder of persistent risks in the crypto ecosystem. Industry leaders including CZ continue to call for careful, informed decision-making and the adoption of best practices in safeguarding digital holdings.

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.

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.

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Table of contents

Bitcoin is entering August with a hard-won monthly gain, but the relief may be short-lived. The largest cryptocurrency shrugged off a barrage of negative headlines in July—including a fresh wave of regulatory action and lingering macroeconomic uncertainty—yet the exhaustion of forced selling has provided the floor. Now, traders are turning their attention to a heavy calendar of U.S. economic data and central bank rhetoric that could quickly turn the market choppy again, according to the market update from CoinDesk. The consensus among analysts is that the burst of supply from distressed entities and liquidations has largely burned through, removing a source of downward pressure that had dogged the market for weeks.

The narrative of forced selling exhaustion matters because it shifts the supply-demand balance. In June and early July, selling from bankruptcies, government wallets, and margin calls created a persistent overhang. Bitcoin’s ability to absorb that pressure and still close the month higher suggests underlying demand, particularly from institutional accumulation via spot ETFs and on-chain entities that have been quietly adding. The Weekly Tokenization Roundup highlights how real-world asset markets are maturing alongside crypto, and that institutional confidence is beginning to translate into spot holdings rather than just derivatives exposure.

Why the Selling Stopped Analysts pointing to exhausted forced selling aren’t simply being optimistic—the on-chain data supports it. Exchange inflows from known distressed wallets have dropped sharply. The German government’s Bitcoin sales are done. Mt. Gox creditor distributions, once feared as a major overhang, have been moving into cold storage rather than exchanges. The market has processed these waves, and the order books are thinner on the ask side, making it easier for modest buy pressure to push prices higher. July’s gain, while modest, came without a clear bullish catalyst, which is itself a structural signal.

Yet traders who remember last summer know that low liquidity periods can produce sudden, vicious moves. August is historically a thin month, with trading desks understaffed and volume declining. That makes the market more reactive to surprises. The macro calendar is front-loaded with a Fed decision and nonfarm payrolls report that could swing rate expectations. If the data comes in hot, the “higher for longer” narrative will regain strength and put a lid on risk assets. Bitcoin might not break down dramatically, but the upside will be capped until the rate path clears.

The Macro Gauntlet Ahead The CoinDesk report notes that rate hike fears and jobs data are the immediate concerns. The Federal Reserve’s messaging has been deliberately vague, leaving markets to parse every data point. A stronger-than-expected labor market reading would likely push back any hopes of a September cut, tightening financial conditions. Bitcoin has shown a growing sensitivity to real yields, not just nominal rates, meaning the macro environment is more directly transmitted to crypto prices than it was two years ago. This is the result of deeper institutional integration—a double-edged sword that brings liquidity but also correlation.

At the same time, the regulatory landscape in the U.S. remains a wildcard. The crypto industry is watching a major legislative push that could rewrite market structure rules. Banks Are Trying to Kill the Biggest Crypto Bill in US History Four Days Before the Senate Vote, and the outcome will shape how institutions engage with digital assets for years. A favorable bill could unlock a new wave of capital; a gutted one would likely suppress risk appetite. That political uncertainty is layered on top of the macro one, keeping many large players on the sidelines until there is more clarity.

What the Market Is Watching For now, the exhaustion of forced selling gives Bitcoin a tactical advantage, but it isn’t a guarantee of a sustained rally. The test will be whether spot buyers continue to absorb any selling that does appear. A choppy August is the base case because both bulls and bears lack conviction. Bulls can point to the supply overhang clearing and ETF demand staying positive. Bears see a Fed still unwilling to ease and an economy that could slow faster than expected.

Altcoins have been mixed. Some sectors like DeFi and gaming tokens have bounced harder than Bitcoin, reflecting speculative bets that the macro discount is already priced in. The Top Crypto Gainers of the Week show that momentum can shift quickly when a narrative catches, but these moves are often fragile in a low-liquidity environment. A sudden drop in Bitcoin could erase altcoin outperformance in a single session.

The critical variable remains the jobs report. A weak print could bring the recession narrative back and hurt equities and crypto together, despite the argument that it would force the Fed to cut. In the short term, a demand shock is a demand shock. Until the data lands, positioning will be defensive, and Bitcoin’s range will likely stay tight. The forced sellers are gone, but voluntary sellers may emerge if macro conditions shift.

AUTHOR

Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.

In brief CZ warned on X that even hardware wallets and long-established wallets can have bugs, suggesting holders split their funds across several wallets to mitigate risk while noting no setup is fully foolproof. The warning follows a Coldcard exploit stemming from a March 2021 firmware build error that drew seeds from a software fallback instead of the hardware generator, making private keys far easier to guess. Galaxy Research, mapping the fund flows from a pattern identified by Block engineers, now pegs losses at about 1,082.65 BTC (~$70.2 million) across 1,196 addresses—nearly double the original $38 million estimate. Binance founder Changpeng "CZ" Zhao is warning crypto owners not to place blind faith in hardware wallets, following an exploit that drained tens of millions of dollars in Bitcoin from Coldcard devices.

In a Saturday post on X, Zhao cautioned that even hardware wallets can carry bugs, and that older wallets with long histories are not immune. “Nothing is 100%,” he posted.

He suggested holders consider spreading their funds across several wallets as one way to reduce exposure, while acknowledging the approach carries its own trade-offs and that no setup is entirely foolproof. CZ closed with his familiar refrain urging users to stay informed and keep their funds safe: “Stay SAFU!”

His comments followed the discovery of a flaw in Coldcard devices made by manufacturer Coinkite. As Decrypt reported, a build error caused seeds on affected units to be drawn from a software fallback rather than the device's hardware random-number generator, leaving the private keys far easier to guess than intended. The problem traced back to firmware shipped in March 2021, and updating the firmware does not fix a seed already created on a compromised device.

We mapped the flow of funds for the Coldcard vulnerability based on the pattern identified by engineers at Block and shared by @clay_garrett

1,196 addresses drained in full for 1,082.65 BTC (~$70.2M) between 01:10:20 and 01:51:26 UTC on Jul 30 — a 41-minute window, blocks… pic.twitter.com/q785paZvMQ

— Galaxy Research (@glxyresearch) July 31, 2026

The scope of the theft has grown considerably since the first estimates. Early reporting pegged losses at roughly 594 BTC, or about $38 million, drained from around 500 wallets. According to a report from Galaxy Research, which mapped the flow of funds based on a pattern identified by engineers at Jack Dorsey’s Block, the toll is now put at 1,196 addresses drained for about 1,082.65 BTC, or roughly $70.2 million, in a 41-minute window on July 30. That is nearly double the initial figure.

Galaxy said every sweep paid an identical hardcoded fee and left no change output, a signature it described as consistent with an automated tool spending keys it already held rather than owners moving their own funds. The victims spanned native SegWit and older address types, pointing to multi-path key scanning. The stolen Bitcoin was consolidated within minutes into a handful of addresses and, per Galaxy, has not moved since.

Coinkite has shipped emergency hotfixes and urged exposed users to migrate to newly generated seeds.

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TLDR: Table of Contents

TLDR:Fed Holds Rates While Yields SurgeMortgage Rates and Credit Stress RiseGet 3 Free Stock Ebooks US 30-year Treasury yield surged past 5.20%, its highest level recorded since 2007. Fed held rates at 3.50%-3.75% despite three dissenting members favoring a rate hike instead. Credit card serious delinquencies climbed to levels not seen since 2010 amid rising costs. Bitcoin dipped briefly on the news before recovering, showing contained crypto market reaction. US Treasury yields climbed to their highest level since 2007 this week, rattling markets well beyond bonds. The move came even though the Federal Reserve left interest rates unchanged at its late July meeting.

Fed Chair Kevin Warsh signaled a shift away from forward guidance, telling investors to trust market signals over central bank commentary.

The 30-year yield pushed past 5.20%, while credit card serious delinquencies reached levels last seen in 2010. Together, these signals point to mounting strain across the US financial system.

Fed Holds Rates While Yields Surge The Federal Open Market Committee voted 9-3 to hold rates steady at 3.50% to 3.75%. Three regional presidents dissented, favoring a quarter-point hike instead.

This marked the most hawkish split of Warsh’s tenure so far. Markets had priced in roughly a 40% chance of a hike before the meeting.

Financial commentary account The Kobeissi Letter noted the unusual timing of the yield move. Most of the increase came after the Fed’s decision was announced.

The bond market situation is crazy.

While everyone focuses on AI, US borrowing rates just hit the highest level since June 2007.

Credit card "serious delinquencies" are at the highest since 2010 and mortgage rates could near 8%.

What's happening? Let us explain.

(a thread) pic.twitter.com/dddRyRETVR

— The Kobeissi Letter (@KobeissiLetter) August 1, 2026

Analysts called this pattern unusual, since a less restrictive decision typically eases yields rather than raising them. Instead, long-term borrowing costs moved in the opposite direction.

Warsh explained the shift during his press conference, saying the Fed wants markets to “play the ball, not the referee.”

For years, Fed policy leaned heavily on guidance and forward messaging. Warsh’s approach flips that dynamic, leaving markets to interpret data without direct signals.

US inflation remains near 4%, well above the Fed’s 2% target. Record federal deficits and an energy shock tied to the Iran conflict add further pressure.

With few tools left to ease conditions without reigniting inflation, the Fed opted to pause and let markets set the pace themselves.

Mortgage Rates and Credit Stress Rise Credit card serious delinquencies have climbed to their highest level since 2010. Rising borrowing costs are squeezing household budgets across income levels.

Consumers are increasingly relying on credit to cover everyday expenses. This trend often signals broader stress within the economy.

Mortgage rates are following a similar trajectory, with some estimates nearing 8%. Just eight months ago, consensus expected three rate cuts by year-end. Markets now price in two hikes by January instead, a sharp reversal in sentiment.

The shift has been swift and largely unexpected by most forecasters. Analysts note the Fed’s hands appear tied despite hopes for cuts. Cutting now risks pushing inflation toward 5%, an outcome policymakers want to avoid.

Crypto markets absorbed the news with relatively contained price action. Bitcoin dipped briefly before recovering within the same session.

Ether and XRP traded steadily, though the Fear and Greed Index stayed low. Rising long-end yields now function as tightening the Fed avoided imposing directly.

History repeated in July with a notable increase: will it happen again in August but this time in the opposite direction?

We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for BTC.

The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency, especially the last four editions.

July Brought Some Gains Before we explore what happened in July, here’s a brief outlook of the painful June, which set the stage for a rebound during the seventh month of the year. The 2026 edition of June became the most violent in terms of price moves for the cryptocurrency in precisely four years. It tumbled by 20.48% in 2026 compared to 37.28% in June 2022.

As such, it was almost expected that July would be a better month. History was also on BTC’s side as 9 out of the last 11 were in the green. However, the start was actually quite surprising as bitcoin dipped below $58,000 on July 1 for the first time in nearly two years.

The bears quickly lost control, though, and the asset reclaimed the coveted $60,000 level within a day or two. It wasn’t the most volatile of months, but BTC still managed to post some gains and peaked on July 21 at $67,000. This became its highest price tag in two months.

However, it was rejected there despite the softer-than-expected inflation data for June and the fact that the Fed refused to hike interest rates last week. Thus, bitcoin ended the month at under $64,000, which was still a 9% monthly increase.

Bitcoin Monthly Returns. Source: CoinGlass Your Move, August As popular analyst Ali Martinez put it yesterday: August hasn’t been kind to bitcoin. In fact, the last four have all been in the red, posting losses of 13.88%, 11.29%, 8.6%, and 6.49%, respectively. The silver lining is that the declines become less violent over time.

You may also like: Bitcoin Fear Reaches Record High as Coldcard Exploit Shakes Confidence in Self-Custody Japan’s Bond-vs-Yen Dilemma Could Shake Bitcoin and Crypto: Analyst How Will Crypto Markets React to Today’s $10 Billion Bitcoin Options Expiry? The broader August perspective is still deeply negative, though. Only three out of the last 12 editions have been in the green, with 2017 standing out as the most bullish one on record. At the time, BTC rocketed by over 65%, but it was a different time and a vastly different market phase.

For now, BTC enters August 2026 with lots of uncertainty not only within the industry itself, where interest has dwindled lately, but on a macro perspective as well. The war in the Middle East continues, and the one between Ukraine and Russia too, while inflation remains an issue, and Trump’s controversial actions tend to halt each breakout attempt in its tracks.

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Bitcoin dominance remains a central focus for traders seeking clues about the next trend in digital asset markets. While Bitcoin trades within a narrow range, analysts are turning their attention to signs that a shift towards altcoins might be emerging.

Key levels and technical analysisCrypto Patel, a widely followed market analyst, shared fresh insights on August 1, 2026, highlighting that the Bitcoin Dominance indicator recently broke down from a critical level. Bitcoin Dominance refers to the share of the overall crypto market’s value that is attributed to Bitcoin compared to other digital assets.

At the moment, the Bitcoin Dominance index stands at 58.95%. Patel pointed out that, after failing to break above resistance on its recent retest, the indicator formed a bearish technical pattern. He noted that the Fair Value Gap (FVG) is already filled and the rejection process is ongoing, suggesting continued weakness.

According to market cycles observed by Patel, Bitcoin Dominance could fall further to about 43%, replicating patterns seen during steep declines in 2018 and 2021.

Patel emphasized that previous drops in market share often coincided with periods where capital shifted from Bitcoin into altcoins, a phenomenon sometimes called “altcoin season.” However, he cautioned that historical trends do not guarantee future performance, especially as the market now includes greater institutional participation, regulatory oversight, and the presence of Bitcoin ETFs.

Mini dictionary: Bitcoin Dominance, a metric that measures Bitcoin’s market capitalization as a percentage of the total cryptocurrency market cap, is used to gauge capital flow between Bitcoin and other cryptocurrencies.

Market momentum remains weakAs of the latest figures, Bitcoin trades at $62,999, down 1.06% over the last 24 hours. Its daily trading volume stands at $25.12 billion and market capitalization is $1.27 trillion.

Technical indicators continue to signal uncertainty. The Relative Strength Index (RSI-14) is currently at 44.98, below the key level of 51.99, suggesting limited buying momentum following a sharp downturn in June. On the MACD, the line sits at -38.39, above the signal line at -221.78, with the histogram value at 183.40. Although the histogram value is positive, analysts note this reflects fading buying strength.

IndicatorCurrent valueKey level/SignalBTC Price$62,999Range-boundBitcoin Dominance58.95%Target: 43%RSI-1444.98Below 51.99 (Weak buy signals)MACD-38.39Above signal line (-221.78)Should Bitcoin fail to regain momentum, prices may continue fluctuating within a defined range until a significant breakout occurs. Crypto Patel highlighted that Bitcoin Dominance needs to maintain its position above support to prevent a deeper decline, while a resurgence could limit the prospects for an altcoin rally.

Potential impact on altcoinsIf Bitcoin Dominance continues to slide while Bitcoin price stabilizes above key support levels, traders believe that capital could increasingly flow into altcoins, raising the likelihood of a sustained rally. However, if Bitcoin’s dominance recovers and breaks above resistance, the expectations of an altcoin season may diminish.

Analysts contend that monitoring both Bitcoin’s price and Bitcoin Dominance remains essential for anticipating shifts between Bitcoin-led rallies and periods of altcoin outperformance.

Market participants are closely watching these metrics for any sign of an emerging trend, mindful that the interplay between Bitcoin and the broader altcoin market could determine the next major move in digital assets.

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.

Strategy’s co-founder, Michael Saylor, has clarified that his company’s plan to sell up to $5 billion of Bitcoin was what they authorized under the previously announced BTC monetization program. This follows reports today that the Bitcoin treasury firm had authorized a BTC sale of up to $5 billion after it posted a quarterly loss of $8.22 billion in the second quarter of this year.

Michael Saylor Clarifies Strategy’s Authorization of Up to $5B BTC Sale In an X post, Saylor noted that they announced their BTC Monetization Program in June before their Q2 results and not after posting a loss. He added that they never had a “never sell” policy and that the program does not require them to sell any Bitcoin.

Correction: Strategy announced its BTC Monetization Program on June 29—31 days before our Q2 results, not after posting a loss. We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.

— Michael Saylor (@saylor) August 1, 2026

“We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time,” the Strategy co-founder said. This followed a claim that his company authorized up to $5 billion in BTC sales after posting an $8.22 billion loss in the second quarter of the year.

As CoinGape reported, Strategy also missed earnings estimates in the second quarter, with the company recording revenue of $122 million, below estimates of $124.48 million. The Bitcoin treasury firm’s EPS were -$24.45, well below estimates of $3.07.

Meanwhile, Saylor’s clarification comes as the Bitcoin treasury firm has paused its conventional weekly BTC purchases for five consecutive weeks. During this period, they have focused on building their USD reserve and also buying back the STRC stock.

Pause On Bitcoin Purchases Likely To Continue Crypto traders are betting that Strategy did not buy any Bitcoin last week and has continued its pause on buying BTC weekly. Data from the top crypto prediction platform Polymarket shows only a 21% chance that the Bitcoin treasury firm will announce another BTC purchase by Monday.

Source: Polymarket Strategy currently holds 843,775 BTC that was purchased for a total of $63.69 billion, averaging $75,476 per BTC. Notably, earlier this year, crypto traders favored the Bitcoin treasury company holding up to 1 million BTC by the end of the year.

However, these traders are now betting against that happening, as the company has paused its BTC buys and sold some BTC this year. Polymarket data shows only a 10% chance that they will announce holding 1 million BTC or more by the end of this year.

Aug 1, 2026, 8:10 p.m.

2 min read

Hacker facing screens with lines of code (Boitumelo/Unsplash)Summary

A vulnerability in a March 2021 Coldcard firmware release has enabled attackers to systematically drain bitcoin from thousands of wallets by reproducing keys generated with weak software-based randomness.Three distinct waves of attacks have now swept 1,367 bitcoin—nearly $89 million at recent prices—from 4,585 addresses, with the latest wave targeting smaller balances and using more complex, harder-to-trace transaction patterns.Galaxy Research believes each wave is the work of a single operator, but cannot determine whether the same attacker is behind all three, as the blockchain does not reveal whether separate sweeps are coordinated.The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each.

Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC.

That is just over a tenth of a bitcoin per victim. The July 30 opening wave averaged close to a full coin, 1,083 bitcoin from 1,196 addresses in 41 minutes.

Observed losses across all three waves now total 1,367 bitcoin, nearly $89 million, from 4,585 addresses.

Wave three sends each victim’s coins to its own destination rather than the handful of shared collector addresses that made the first two easy to map, and parks them in pay-to-witness-script-hash outputs, a format that can carry multisignature or timelock conditions, instead of the plain single-key outputs used before.

It batched an average of six victims into each sweep where wave one took exactly one at a time, and it scanned only the default derivation path, the standard branch of the key tree a wallet checks first, instead of testing several branches per seed.

That is either the same operator rebuilding after being enumerated in public or a second one grinding the same vulnerable key space independently, and the chain does not distinguish them.

Galaxy said it is confident each wave is internally one operator, and will not link the three.

The flaw traces to a March 2021 firmware build that routed seed generation to a predictable software randomiser instead of the chip’s hardware one, leaving a bounded set of possible keys that anyone with the disclosure and enough compute can reproduce offline, without ever touching a device.

But the sweeping has not stopped almost three days later, and the falling average haul says the profitable end of that key space is already picked over.

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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.

US soldier who bet early on Maduro’s arrest via Polymarket earns over $400,000, seeks dismissal of lawsuit

According to Bloomberg News, a U.S. Army soldier accused of using confidential information about a raid to place profitable bets on prediction market platform Polymarket has asked a judge to dismiss the case, arguing his betting activity did not constitute a crime. Prosecutors allege that special forces soldier Gannon Ken Van Dyke participated in the planning and execution of the raid targeting then-Venezuelan President Nicolás Maduro. His lawyer, meanwhile, called the U.S. government’s prosecution “excessive” and stated that the case is built on untested legal theories.

4 hours ago

Bitquery co-founder accused of embezzling $5 million from the company and deleting evidence before his departure.

According to the New York Post, a blockchain entrepreneur is accused of embezzling over $5 million from his own company and deleting 194 expense records before abruptly resigning. Dionysios "Dean" Karakitsos, 57, is charged with siphoning funds from Bitquery Inc., a firm that tracks cryptocurrency values and fund flows. The related lawsuit has been filed in Manhattan Supreme Court. Karakitsos was Bitquery’s co-founder, serving as its CEO, director, and treasurer until 2025. He is accused of diverting the company’s funds to his personal accounts over multiple years. Karakitsos later operated Assymetrix, a prediction market platform. Bitquery filed the lawsuit in June, seeking the return of at least $5 million in allegedly stolen funds. The company added that it is pursuing additional compensation to cover its legal costs.

4 hours ago

A whale’s $72.15 million HYPE long position faces liquidation, with a trigger price of $47.6.

According to Yuqing Monitoring, a whale’s long position of 1.38 million HYPE (valued at approximately $72.15 million) is now only 9% away from liquidation, with the liquidation price standing at around $47.6. Per HTX market data, HYPE is currently trading at $52.1, down 5.04% over the past 24 hours.

4 hours ago

Munich Regional Court Rules AI Music Generation App Suno Infringed Copyright

According to Reuters, a German court ruled on Friday that AI music firm Suno has infringed copyright and must disclose its illegal revenue. The case is part of a broader legal fight by artists and publishers against tech companies. The Munich Regional Court stated Suno had no right to use songs by artists represented by Gema, Germany’s statutory licensing body. The ruling can be appealed to a higher court, and Suno must pay an undetermined amount in damages.

4 hours ago

US Treasury Secretary says he is pursuing Iranian assets globally.

U.S. Treasury Secretary Bessent stated on July 31 local time during a cabinet meeting held at Camp David in Maryland that, in accordance with President Trump’s directives, the Treasury Department has continued its economic offensive against Iran and is tracking Iranian assets worldwide. He also specifically listed so-called “economic victories” against Iran in front of Trump: after advancing relevant operations in March 2025, Iran’s largest private bank declared bankruptcy by the end of that year, the Central Bank of Iran was forced to print massive amounts of currency, continuously driving up inflation. Bessent claimed that Iran is now even unable to pay military salaries.

4 hours ago

Michael Saylor: BIP-110 cannot meet the 55% voluntary support threshold in the current Bitcoin mining difficulty cycle.

Strategy founder Michael Saylor posted that in the current Bitcoin difficulty adjustment cycle (946 blocks had been mined as of block 960,561), only 24 blocks set the BIP-110 support flag in their block header’s version field. All miner signals originated from DATUM miners that share rewards via OCEAN; signals from non-OCEAN sources were zero. The voluntary 55% threshold for this cycle is mathematically unachievable, and this does not reflect miner consensus. OCEAN has set BIP-110 signaling as default for its existing endpoints. The BIP-110 guidelines direct node operators to use Bitcoin Knots and miners to use DATUM. Regardless of intent, BIP-110 has effectively become a vertically integrated marketing campaign for Knots and OCEAN/DATUM. BIP-110 remains voluntary until block 961,632; from blocks 961,632 to 963,647, the software will reject all blocks that do not signal support. Any "100% signaling" observed during this window is merely the result of rule enforcement, not voluntary miner backing or Bitcoin consensus.

4 hours ago

Bitcoin shows sideways movement as BitMEX Taker Buy/Sell Ratio spikes, echoing pre-FTX patterns

PUMP and PI are also well in the green on a daily scale.

Bitcoin’s price failed at $65,000 earlier this week, and the subsequent correction pushed it south to a 17-day low of $62,400 before it found some support and rebounded to $63,000.

Most larger-cap alts are also in the red in the past 24 hours, led by more painful losses from HYPE, UNI, and AAVE.

BTC Back to $63K It was just over a week ago when the primary cryptocurrency was riding high and tapped a monthly peak at $67,000 after the favorable US inflation data for June. However, the predominantly bearish sentiment quickly returned, and the asset slumped below $64,000 that Friday.

Its recovery began last weekend and intensified on Monday when bitcoin pumped to $65,600 on a couple of occasions. However, it couldn’t keep climbing and dumped to $62,700 a day later as investors de-risked ahead of the key FOMC meeting. More volatility ensued before and after the event as the Fed ultimately left the rates unchanged.

Bitcoin began a more profound recovery on Thursday and Friday morning, jumping to $65,500 once again. A familiar scenario repeated, though, as the bears resumed control and drove it south to its lowest position since July 14 at $62,400.

The bulls managed to step up and helped BTC recover some ground to the current $63,000, but there are some warning signs about another leg down in the making. Its market cap is down to $1.265 trillion on CG, while its dominance over the alts has settled at 56%.

BTCUSD Aug 1. Source: TradingView These 2 Alts Fly Audiera’s BEAT is by far the top gainer over the past 24 hours, surging by 22% to $4.60. MemeCore (M) follows suit and completes the modest double-digit gainer club with an 11% increase to $1.10. PUMP (9%) and PI (5%) follow suit.

In contrast, most of the larger-cap alts are in the red. ETH is down by over 1%, and so are BNB and XRP. HYPE has dumped by another 5% to $52. RAIN has lost almost 3% of value, while UNI and AAVE have slumped by more than 6%. XMR, HBAR, and SHIB are among the few exceptions in the green.

The total crypto market cap has dropped by around $30 billion in a day and is down to $2.260 trillion on CG.

Cryptocurrency Market Overview August 1. Source: QuantifyCrypto

Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysisLatest NewsPublishedAug 1, 2026

Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.

Galaxy Research, the research arm of crypto investment company Galaxy Digital, identified 1,196 addresses linked to the Coldcard wallet incident that lost 1,082.65 Bitcoin, worth about $70.2 million at the time of the transactions.

Galaxy Research traced the Bitcoin movements between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory, according to an X post on Friday.

Earlier preliminary analysis of the Coldcard incident by AnchorWatch CEO and co-founder Rob Hamilton estimated that 594.48 Bitcoin, worth around $38 million, moved across 500 transactions within a three-block window.

Galaxy Research later said the identified transactions shared a pattern, including identical 30 satoshis per virtual byte fees and no change outputs. The company said the initial attack activity is identifiable on-chain through this pattern, but noted that future attacks against Coldcard-generated addresses may not follow the same fingerprint.

Coinkite co-founder Rodolfo Novak said in an X post on Friday that the company takes responsibility for the firmware bug and is working to determine the full scope of the issue.

Novak said Coinkite released a hotfix to remove the software fallback path, but warned that the update does not protect seeds generated on vulnerable firmware. He advised users who generated seeds on vulnerable firmware to move their funds to a new seed.

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America Broke a 28-Year Rule to Save the Yen and Bitcoin Felt It First

Fred Thiel, CEO of MARA Holdings, dropped a blunt assessment of Bitcoin’s future during an interview on July 23: its window as a viable payment method has closed. The head of the largest publicly traded Bitcoin miner by hashrate argues that volatility has permanently disqualified Bitcoin from the payments arena, leaving stablecoins to fill that gap.

The payments ship has sailed Stablecoins, in Thiel’s view, are the obvious winner for high-volume, low-margin transactions. He specifically pointed to AI-related payments as a sector where stablecoins make more sense than Bitcoin.

Thiel did flag what he considers a genuine weakness: Bitcoin generates no native yield for holders. You can’t stake it. It doesn’t pay dividends. He pegged Bitcoin’s fair value at roughly $90K, which is notable given that Bitcoin was trading at about $65K as of late July 2026. In English: the CEO of the world’s largest public miner thinks Bitcoin is currently undervalued by about 38%.

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From mining rigs to AI racks Thiel isn’t just philosophizing about Bitcoin’s role in the economy. He’s actively reshaping MARA’s business around the idea that pure Bitcoin mining isn’t enough anymore.

The company is pivoting toward AI and high-performance computing data centers, and the economics explain why. According to Thiel, AI data centers can generate $10 to $15 million in revenue per megawatt. Bitcoin mining? Roughly $1 million per megawatt. That’s a 10x to 15x difference in revenue density from the same power infrastructure.

MARA is building dual-purpose facilities that can handle both AI workloads and Bitcoin mining operations. To fund this transition, MARA has sold portions of its Bitcoin holdings, valued at around $1.5 billion, to pay down debt and bankroll the expansion.

The company still holds a massive Bitcoin treasury and remains one of the largest corporate holders after MicroStrategy.

A broader industry shift MARA’s Q1 2026 numbers tell the story of this transitional moment. The company grew its hashrate to 72.2 EH/s, demonstrating continued investment in mining capacity. But it also reported a net loss of $1.3 billion, driven largely by the downturn in Bitcoin’s price.

What this means for investors Thiel’s comments force a reframing of how investors should think about both Bitcoin and Bitcoin mining stocks. If the CEO of the largest public miner is explicitly saying Bitcoin’s payment utility is dead, the investment thesis narrows to store of value and wealth transfer. That’s still a compelling case, especially if you buy Thiel’s $90K fair value estimate, but it removes one of the narrative pillars that Bitcoin bulls have relied on for over a decade.

Investors should be watching the revenue-per-megawatt ratio that Thiel cited, because that metric will likely determine which mining companies thrive and which ones become cautionary tales about single-asset concentration.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Bitget has unveiled a major upgrade to $BGBTC, a $BTC yield-enhanced asset. Officially launched by Bitget, $BGBTC is pegged to BTC at a 1:1 ratio. The new upgrade introduces daily $BTC-denominated rewards for $BGBTC holders.

BGBTC just got a major upgrade.

Backed 1:1 by BTC, it now offers daily BTC rewards, fast redemption at scale, and utility across trading, margin, loans, Launchpool, and PoolX.

— Bitget (@bitget) July 31, 2026

On top of that, $BGBTC holders will also enjoy benefits such as large-volume, fast redemption, institutional-grade risk protection, and greater transparency. Bitget has also integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the canonical cross-chain infrastructure for $BGBTC, ensuring secure multi-chain distribution of the token.

This integration comes on top of Bitget’s existing Chainlink Proof of Reserve (PoR), which is used for asset verification. Together both these integrations make $BGBTC more credible, useful across blockchains, and portable for traders.

Why Is This Upgrade Important? So far, $BTC holders have had two options. They could either hold $BTC without earning yield or move $BTC into separate yield-generating strategies, which meant they had to give up their liquidity or deal with more complexity.

However, as the market shifts towards solutions that allow users to hold $BTC for the long term and earn passive yield, Bitget is moving in the same direction. Bitget aims to empower users with greater capital efficiency, enabling investors to continue gaining more value from their idle $BTC and use it across multiple financial activities.

$BGBTC has been popular among traders for its extensive utility in Futures margin. Investors have also been using the token as collateral for lending, for launchpool participation, and for PoolX participation. These are some ways users can generate yield by using their idle Bitcoin on the Bitget network.

More importantly, Bitget has also introduced an independent Curator framework. This infrastructure will exclusively oversee $BGBTC’s underlying yield strategies. Bitget’s curator framework will help improve portfolio monitoring, risk management, and ensure the sustainability of long-term yield rewards for $BGBTC holders.

Yield powered by a Gauntlet Aera vault. https://t.co/MyfPmyIMWV

— Gauntlet (@gauntlet_xyz) July 31, 2026

That said, Gauntlet has been appointed as $BGBTC’s independent Curator. As one of the top-rated quantitative risk management and DeFi vault curators, it will supervise $ BGBTC’s yield strategies and thereby help Bitget improve capital efficiency across all digital assets.

Bitget also noted that by building products like USDGO Holderyield, it aims to create a broader ecosystem for investors to generate value from their core holdings and other financial opportunities.

The company is also working with infrastructure partners like Morph and Chainlink to connect centralized and decentralized finance through a unified Bitcoin yield network. Furthermore, Bitget believes that the future of $BTC largely relies on empowering holders to use their crypto to earn yield, enjoy more liquidity, and continue using Bitcoin across multiple financial products.

Investor Takeaways From Bitget’s Latest $BGBTC Upgrade The latest $BGBTC upgrade allows users to move this Bitcoin-backed asset securely across multiple ecosystems/networks, use it for broader DeFi utilities and dApps, and enjoy greater liquidity.

Since holding $BGBTC already allows users to earn $BTC-native rewards, this new upgrade further broadens the token’s scope and utility across ecosystems.