Bitcoin analyst Willy Woo estimates authorities have a 20% to 40% chance of recovering part of the bitcoin stolen through the Coldcard vulnerability. Historical crypto recoveries spanning billions of dollars underpin that outlook, while security leaders urge victims to preserve evidence that could support future claims.
Bitcoin (BTC) is showing renewed signs of weakness as its latest recovery attempt loses momentum, raising concerns that the broader downtrend remains intact. After rebounding from its June lows, the worlds largest cryptocurrency briefly reclaimed several short-term moving averages, fueling optimism that a sustained rally was underway.
Analyst Peter Brandt rules out the presence of technical signals for an imminent trend change on the weekly chart. Firm CryptoQuant registered the reactivation of 1,246 BTC that were inactive for periods between three and ten years. The asset is trading below the 50-week moving average and the Ichimoku Cloud indicator.
On-chain research firms and cycle analysts are projecting late 2026 as the most likely time for Bitcoin to make its cycle low. Those who agree with this scenario note that a further macroeconomic deterioration or a regulatory crackdown could cause the price to bottom in 2027.
Mining firm American Bitcoin reported record revenue of $67 million during Q2 2026, driven by the extraction of 932 BTC, representing a 14% quarter-over-quarter increase.
The Bitcoin treasury firm Strategy (MSTR) sold 1,638 BTC worth $105 million in the past week, continuing a trend started earlier this summer.
Full use at the assumed price would add one new basic share for roughly every two now outstanding.
A reported Coldcard exploit rooted in weak seed-generation entropy has put air-gapped Bitcoin wallet security under scrutiny, after Coinkite warned that seeds created on affected firmware may be at risk and secondary reporting put observed losses near $114 million. The incident is not a break of the Bitcoin network or of offline storage as a concept, but a failure of how one hardware wallet generated its random keys.
A solo Bitcoin miner successfully solved block 960,804 and earned a reward of 3.15689830 BTC worth nearly $200,000. The miner used CKPool infrastructure to compete against the global Bitcoin network despite controlling limited computing power.
The exploit undermines trust in self-custody solutions, potentially driving users towards institutional custody options and Bitcoin ETFs. Coldcard exploit drains over 1,367 BTC from air-gapped wallets, shaking self-custody confidence.
Bitcoin prices climbed on Monday, August 3, even as headlines were dominated by a hack that resulted in the loss of over $100 million' worth of the digital currency.
Michael Saylor says he has never sold any personally held bitcoin, separating his own holdings from Strategy's corporate treasury. His statement followed the company's third BTC sale of 2026, which left Strategy holding 842,138 bitcoin. Saylor Responds After Strategy's Latest Bitcoin Sale Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor declared Aug.