A vulnerability in Coldcard hardware wallets has resulted in the confirmed theft of 1,596 Bitcoin, with total losses projected to reach 2,055 BTC—roughly $130 million—if a suspected fourth wave of attacks is verified by investigators tracking the movement of stolen assets across the blockchain.
Institutional trading and treasury teams can now manage capital across disparate platforms through a single interface, as BitGo Holdings officially launched BitGo Link on August 3. The new product aims to eliminate the friction of navigating multiple exchange accounts by consolidating custody, reporting, and transfer controls into one dashboard.
Tyler Williams, a senior digital asset adviser to Treasury Secretary Scott Bessent, exited the department on July 31. His departure comes at a precarious moment for the CLARITY Act, as Senate leaders prioritize government funding legislation over the administration’s flagship proposal to establish a federal framework for crypto markets.
The noncustodial Bitcoin swap provider Boltz halted all services indefinitely on August 3, citing an escalating wave of automated, AI-assisted security breaches. The firm claims attackers are currently refining their methods faster than its development team can deploy defensive patches, forcing a complete shutdown of its infrastructure.
NEAR Protocol co-founder Illia Polosukhin has proposed establishing a sovereign treasury backed by 30 million tokens, valued at approximately $57 million. The initiative aims to shift the network away from simple token burns, instead leveraging protocol revenue to generate yields that fund public goods and network security.
After five years of documenting digital history through blockchain-based attendance badges, Proof of Attendance Protocol (POAP) is ceasing operations. Co-founder Isabel Gonzalez confirmed the wind-down on August 3, citing an inability to build a sustainable business model without compromising the project’s original ethos and community-driven mission.
New York state is seeking at least $36 billion in damages and penalties from prediction market operator Kalshi, alleging the firm functions as an unlicensed gambling platform. In response, CEO Tarek Mansour has moved the case to federal court, framing the company’s operations as a financial exchange akin to Nasdaq.
Conflict persists over the CLARITY Act as the Blockchain Association challenges claims from the National Sheriffs’ Association that the bill creates dangerous loopholes for digital asset criminals. The industry group argues that the proposed legislation successfully balances developer protections with necessary oversight of financial intermediaries.
A former FBI supervisory special agent faces charges of stealing $1 million in cryptocurrency, allegedly using the funds for personal gain while turning to ChatGPT to plan his flight to Portugal. Patrick Yaroch, once a key figure in counterintelligence, now finds himself on the other side of federal law enforcement.
Institutional prime broker FalconX has cut approximately 35 jobs, representing 10% of its global workforce, as the firm pivots its strategy to weather a prolonged cryptocurrency downturn. The restructuring coincides with a significant shift in the company’s Asian operations and a sharpened focus on European expansion.
Mastercard has officially integrated BVNK into its global network, finalizing an acquisition valued at up to $1.8 billion. The move grants the payments giant direct control over infrastructure designed to bridge the divide between traditional fiat banking systems and the burgeoning world of blockchain-based stablecoin assets.
“They’re making too much money based on a shortage,” President Trump said Monday, publicly rebuking ExxonMobil and Chevron. The oil giants reported a combined $26.5 billion in second-quarter profits, a surge fueled by supply volatility in the Strait of Hormuz and the ongoing conflict with Iran.
With the Senate nearing its recess and no cloture motion filed, the CLARITY Act’s path to law has hit a wall. Legislative momentum evaporated after the White House failed to respond to a bipartisan ethics compromise, causing betting markets to slash the bill’s 2026 passage probability to just 27%.
The XRP Ledger Foundation has partnered with Ankr to launch a suite of globally distributed public nodes, streamlining network access for developers. By providing free mainnet and testnet JSON-RPC endpoints across four continents, the initiative aims to lower entry barriers for builders ahead of the upcoming v3.3.0 software release.
Bitwise Asset Management has designated NRR as the ticker for its proposed spot NEAR exchange-traded product in an amended SEC filing. The move signals a strategic push to expand US investment offerings beyond Bitcoin and Ethereum, with the firm planning to stake its entire holdings to generate additional yield.
Kenya has transitioned its national academic verification system to the Avalanche C-Chain, replacing manual, paper-based checks that previously took months with near-instant digital authentication. The Kenya National Examinations Council (KNEC) has already anchored over 15 million historical records to the blockchain to combat widespread credential fraud.
BlackRock is deepening its push into real-world asset tokenization with the launch of two funds designed to bring traditional cash management onto blockchain infrastructure. By offering tokenized versions of money market products, the world’s largest asset manager is bridging the gap between institutional liquidity strategies and decentralized ledger technology.
Circle has secured nearly 1,000 blockchain patents from IBM, effectively creating the largest intellectual property portfolio of its kind in the United States. While the issuer of the USDC stablecoin frames the deal as a strategic infrastructure boost, the move has triggered widespread anxiety among developers and smaller industry competitors.
With the Senate’s summer recess looming and the Digital Asset Market Clarity Act missing from the official August 3 schedule, market analysts at Bernstein are bracing for volatility. The bill’s path to a vote has narrowed significantly, leaving investors to weigh the risk of a sharp, immediate decline in digital asset prices.
Struggling to gain traction in a crowded market, Hashdex is shutting down its spot Bitcoin ETF, known by the ticker DEFI. The firm confirmed the fund will cease trading on NYSE Arca next month, marking a retreat for one of the smaller players in the competitive U.S. crypto asset space.
Bitmine Immersion Technologies has expanded its Ethereum treasury to 5,797,813 ETH, representing 4.8% of the total circulating supply. Despite this aggressive accumulation and a third consecutive week of share repurchases totaling 4.5 million units, BMNR stock struggled to break past $17 amid investor concerns over substantial unrealized losses.
Circle shares tumbled 6% in premarket trading after Morgan Stanley downgraded the firm to Underweight and slashed its price target from $106 to $38. The brokerage cited stagnant stablecoin circulation and mounting pressure on reserve income as primary drivers for the drastic reduction in long-term performance expectations.
Strategy has offloaded 1,638 Bitcoin for $104.7 million, pivoting its capital allocation toward preferred-stock dividends and share repurchases. The move, detailed in a Monday SEC filing, highlights a shift in corporate priorities as the firm seeks to stabilize its STRC securities while expanding its U.S. dollar reserve to $4 billion.
Stacks is preparing to launch a self-custodial Bitcoin staking system, a move designed to transform dormant BTC capital into a recurring demand driver for its native asset, STX. The protocol’s success hinges on whether it can bridge the gap between Bitcoin’s massive market cap and the currently limited reach of decentralized finance.
After seven years of protocol development, the Orbs network is shifting toward decentralized control. The launch of OIP-9 invites staked token holders to formalize a new DAO governance framework, marking a deliberate move to transition core protocol decision-making from the development team to its broader community of participants.
South Africa is tightening its grip on digital assets, proposing new regulations that require cross-border cryptocurrency transfers to flow through authorized service providers. The draft manual, released by the National Treasury and the Reserve Bank, aims to integrate crypto movements into the country’s existing foreign exchange surveillance framework.
American Bitcoin Corp. posted a $57.2 million net loss for the second quarter, a figure dragged down by $71.2 million in digital asset write-downs. Despite the deficit, the firm—co-founded by Eric Trump and majority-owned by Hut 8—hit a record production milestone of 932 BTC, fueling a 14% growth in its total reserve.
Two French cryptocurrency investors were held captive for 52 hours in a London apartment, subjected to torture and forced to surrender $30,000 after their public displays of wealth on social media marked them as targets for a criminal gang operating under the direction of an overseas mastermind.
Robinhood has gained official approval from the Financial Conduct Authority to operate cryptocurrency services in the United Kingdom. The company’s UK subsidiary was added to the regulator’s list of cryptoasset firms on July 31, granting the platform a strategic foothold before a major shift in British financial oversight.
David Schwartz, co-creator of the XRP Ledger and Ripple board member, has outlined a method for Bitcoin inheritance that relies on splitting access to hardware wallets. By distributing duplicate devices and PINs among separate trusted parties, the proposal aims to create a barrier against unauthorized access while ensuring future recovery.
