Coldcard hack could lift demand for regulated bitcoin products, analysts say
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Crypto News

The exploit, which researchers say stemmed from a flaw in the wallet’s firmware, has resulted in at least 1,816 bitcoin, worth about $114 million, being drained from more than 5,200 addresses since July 30, underscoring the risks even self-custodied assets face when wallet security is compromised. FRNT Financial echoed that view, saying the exploit exposed […]

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Elon Musk’s SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million
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Crypto News

SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses. The company reported a […]

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Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him
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Crypto News

The $TRUMP coin was worth more than $46 at its height, but it steadily declined to its current price of $1.47. The token saw brief spikes in value when the company behind it announced it would host dinners — including at Trump’s Mar-a-Lago, with the president as the keynote speaker — but that price action […]

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U.S. FBI intelligence agent arrested in connection with theft of $1 million in crypto
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Crypto News

A supervising U.S. FBI agent who worked in intelligence at the national headquarters has been arrested and accused in a federal court filing of stealing more than $1 million in cryptocurrency. The high-level special agent, identified as Patrick Steven Yarmoch, allegedly turned himself in to agency colleagues, reporting that he dug crypto keys from FBI […]

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Trump-backed American Bitcoin (ABTC) executive Matt Prusak joins Giga Energy
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Crypto News

Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior executive move toward the power sector that is increasingly underpinning both bitcoin BTC$63,824.22 mining and artificial intelligence. Prusak said he will step down from […]

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Counting down the days: State of Crypto
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Crypto News

Senators Ruben Gallego and Thom Tillis sent a proposed revised ethics provision to the White House on Thursday, after drafting the compromise the day before, an industry source familiar with the talks told CoinDesk. As of midafternoon on Friday, the White House had not officially responded to the proposal. Ethics remains the biggest outstanding issue […]

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Legacy crypto on-ramps and bridges will disappear as payments become invisible, Fun CEO says
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Crypto News

While those applications have become increasingly visible, the infrastructure that enables deposits, withdrawals and settlement has largely remained behind the scenes. Fun is one of the companies building that infrastructure. The firm said it powers 100% of deposits and withdrawals on Polymarket and deposit flows into Aave’s largest vaults, while processing more than $3 billion […]

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Michael Saylor and team maintain 12% dividend for STRC
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Crypto News

Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August. Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares. STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has customarily raised the payout anytime […]

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Bank of Italy research suggests stablecoins aren’t necessarily cheaper for remittances
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Crypto News

For years, stablecoins have been marketed as crypto’s breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers. Sending USDC across a blockchain may indeed cost only a few cents but a new study from the Bank of Italy suggests that isn’t what most people actually […]

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Bitcoin (BTC) price’s July gain survives hawkish Fed, AI meltdown and Coldcard fallout
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Crypto News

Since then, average daily liquidations have remained well below this year’s typical $400 million-$500 million range, suggesting there has been little forced selling despite the macro shock, according to Bitfinex. “Crypto fell less than levered equity themes because the forced-selling fuel was already spent,” the analysts wrote. Security concerns linger Separately, the market is also […]

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Quantum computing nears commercial breakthrough, IBM CEO says
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Crypto News

Unlike AI, which has driven a surge in demand for graphics processors to train and run large language models, quantum computing targets a different class of challenges. Researchers say the technology could accelerate molecular simulations, optimize complex logistics networks, advance materials science and improve cryptography. Krishna said IBM has already demonstrated some of that potential, […]

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Bitcoin’s (BTC) second-quarter decline leads to $8.2 billion loss
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Crypto News

Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,291.04 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings. The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting. The […]

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