Blockchain investigator ZachXBT confirmed that he will not trace the theft of approximately $88.6 million in Bitcoin linked to Coldcard wallets. The security breach affected more than 4,500 addresses following an entropy flaw in the random number generator of Coinkite's firmware.
A 500,000-share-equivalent held put appeared in Q2, but the filing cannot reveal the bank's net options exposure or motive.
The indefinite halt of Boltz highlights vulnerabilities in open-source Bitcoin services, urging a reevaluation of security against AI-driven threats. Boltz halts swaps indefinitely as AI-assisted attacks overwhelm Bitcoin bridge.
American Bitcoin generated $67 million in Q2 2026 revenue and maintained gross margins near 50% despite a 12% market drop in bitcoin price. Record Revenue and Production Growth American Bitcoin, a bitcoin accumulation platform linked to the Trump family, released its second-quarter 2026 financial and operational results Aug. 3.
Peter Todd argues that the Coldcard firmware incident, which reportedly caused around $88 million in Bitcoin losses, does not weaken the long-term case for self-custody. He believes centralized platforms continue to expose users to larger systemic risks than individual hardware wallet failures.
Strategy sold 1,638 BTC to fund preferred dividends and STRC repurchases, prompting Saylor to distinguish his personal holdings from the company's treasury.
Strategy's shift from Bitcoin accumulation to capital restructuring alters its market influence and diversifies shareholder risk profiles. Strategy pivots from Bitcoin buying to capital restructuring.
The US Securities and Exchange Commission (SEC) has formally granted a petition from CME Group seeking review of a prior staff decision that conditionally approved Nasdaq PHLX's plans to list and trade cash-settled Bitcoin index options.
A dormant Bitcoin wallet transferred 16,400 BTC worth approximately $1.04 billion after remaining inactive for 7 months. The funds moved to a newly created wallet instead of a known cryptocurrency exchange, reducing concerns about immediate selling pressure. The transaction represents roughly 0.
Bitcoin recovered from an intraday low of $62,216 to reach nearly $64,000, eventually settling between $63,680 to $63,929. Initial price declines were triggered by Strategy completing its sale of 1,638 bitcoins to fund preferred dividend payments and stock repurchases.
Michael Saylor, Executive Chairman of Strategy, assured that he has never sold a single satoshi from his personal holdings, drawing a clear distinction from his company's recent operations. The statement came after Strategy revealed the sale of 1,638 BTC worth approximately $104.7 million.
Crypto news today: Bitcoin reclaims $63,800, US ISM PMI hits a 4-year high, oil crashes on Iran talks and Bernstein weighs in on the CLARITY Act.