Coldcard Exploit Drains $70M in BTC; CZ Urges Wallet Upgrade
The seed-randomness flaw had lurked in firmware since March 2021 and went unnoticed for years, exposing the practical ceiling of single-device self-custody for serious BTC holders.
Market-moving crypto headlines from the last 24 hours.
The seed-randomness flaw had lurked in firmware since March 2021 and went unnoticed for years, exposing the practical ceiling of single-device self-custody for serious BTC holders.
Galaxy mapped the July 30 sweep to 1,196 wallets and 1,082 BTC drained in 41 minutes via a seed-generation bug that collapsed the keyspace to a few billion options.
The $46M in ETH staking revenue was the entire cushion. After losing roughly $8.2B on the treasury below cost, the AI-data-center pivot now sits behind a collateral wall of forced ETH sales.
Fewer scheduled rate decisions would slow the pace of policy signals markets have built entire trading calendars around, and any move would need broad FOMC buy-in before it lands.
The asset manager's HODL fund trails every peer except Franklin Templeton's EZPZ, a structural gap that complicates its bid to compete with BlackRock's IBIT.
Nearly 1,200 addresses and 1,000 BTC later, the incident has crossed from isolated phishing to a coordinated drain, putting self-custody users on notice about supply-chain risk in hardware wallets.
The headline number buries the real story: a record quarter was saved by an options-trading surge while the $20B Bitstamp acquisition turned into the drag Wall Street had been bracing for.
Bernstein backs the long-term strategy while flagging weak execution in newer lines; Mizuho flags Robinhood as the rising mainstream venue for retail crypto trading.
The layoffs hit hardest on employees two months out from multi-million-dollar token payouts, raising fresh questions about how memecoin platforms value and compensate the teams behind them.
Tether keeps printing record operating profits while the equity cushion that backstops USDT shrinks, leaving $4.1B against $183.6B of liabilities and a treasury now heavy in gold and BTC.
The reserve drawdown and the profit cooldown are linked: Tether's BTC and gold positions have cooled as the same assets that fueled last year's record earnings drag on this year's mark-to-market.
Nearly 600 BTC were stolen from a flaw in Coldcard's firmware that let attackers reconstruct wallet seeds, reopening the case that institutional products like BlackRock's IBIT now make more sense for…
Strategy's BTC Yield slides, Metaplanet trades below its coin stash, and a clutch of European treasury newcomers are asking public markets to fund them on terms nobody has priced yet.
The Treasury Secretary publicly leans on Bitcoin's founder to break a year-long stall on the market-structure bill already passed by the House.
For a DEX best known as a swap venue, moving into lending is the bigger story: it turns Uniswap into a place to park assets, not just route them, and routes that flow straight through Morpho's vaults.
Senators Tillis and Gallego shipped the latest ethics proposal to the White House this morning, and Senator Lummis took to the Senate floor to lobby colleagues as a Senate vote moves into view.
The new S&P Pantera Digital Asset Index screens 18 tokens by protocol revenue and a $500M market-cap floor, and the omission of BTC and XRP signals Wall Street is finally judging altcoins the way it…
The NYDFS authorization lets Circle wrap fiduciary and custody around USDC at the same time it holds an OCC national trust bank approval, a dual US regulatory footprint few stablecoin issuers can…
An $8.2B Q2 loss, 40% Bitcoin drawdown, and forced STRC margin sales exposed how the perpetual preferred has become both the growth engine and the cheapest way to break the balance sheet.
The state charter lands weeks after Circle's federal OCC trust bank approval, giving the USDC issuer paired state and federal footing as it courts bank-grade institutional flows.