A single line of firmware shipped in March 2021 told every Coldcard hardware wallet to skip its dedicated randomness chip. For five years nobody noticed. Then an attacker brute-forced the weak seeds in 41 minutes, draining 1,816 BTC from more than 5,200 addresses across four attack waves. The incident is the largest hardware wallet exploit
JPYC has raised a total of 6 billion yen ($38 million) through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. Summary JPYC has raised 6 billion yen ($38 million) in an extended Series B round to expand its stablecoin ecosystem. AZ
Russian President Vladimir Putin signed a comprehensive digital asset law on Aug. 4, creating a regulated route for retail and qualified investors to trade cryptocurrencies through approved intermediaries. Summary Russia will allow tested retail investors to buy liquid cryptocurrencies through regulated intermediaries from September. Nonqualified investors face a 300,000 ruble annual purchase cap through each
Strategy will contribute $250 annually to Trump Accounts for eligible children of its U.S. employees, expanding its benefits beyond its core Bitcoin treasury operations. Summary Strategy will provide $250 annually for every eligible employee’s child under 18. Eligible children born from 2025 will also receive a one-time $1,000 company contribution. The benefit will begin after
Senator Cynthia Lummis is pressing the Senate to vote on the CLARITY Act before its August recess as bipartisan negotiations continue over several unresolved provisions. Summary Lummis said lawmakers are negotiating the bill daily as the Senate’s legislative window narrows. Talks remain focused on CFTC authority, ethics rules, illicit finance and stablecoin yield. The legislation
Pi Network price gained more than 10% this week as rising volume, the Protocol 26 upgrade, and a new RoboPay integration improved short-term demand. Summary Pi Network price gained more than 10% this week, with trading volume rising 75% to $11.5 million. The token is testing resistance between $0.0882 and $0.0900 on the 4-hour chart.
Most of the Bitcoin stolen through the COLDCARD wallet flaw remains unmoved, but on-chain investigators have detected a separate attacker beginning to route smaller amounts through a mixer. Summary The largest known COLDCARD attacker controls 1,159 BTC across seven addresses. None of the 1,159 BTC has entered mixers or been transferred to an identifiable cash-out
Lido DAO price rebounded more than 5% on Thursday as holders voted on the NEST automated buyback system, although concerns over Ethereum’s proposed staking changes kept LDO under pressure. Summary Lido DAO price rose 5.2% in 24 hours after briefly falling to $0.2757. The token remains down 16.7% over seven days but has gained about
Coinbase will suspend six cryptocurrency trading pairs on Aug. 6 after moving five markets into limit-only mode as part of its routine market review. Summary Coinbase will suspend six trading pairs across its institutional and advanced trading platforms. Five markets entered limit-only mode before the scheduled Aug. 6 suspension. The exchange also added BIO, BNKR
Minneapolis Fed President Neel Kashkari backed gradual interest rate increases as persistent inflation and uncertainty around the Strait of Hormuz complicate the outlook for US monetary policy. Summary Polymarket traders assigned a 46% probability to a 25-basis-point increase in September. Kashkari said the Fed should start raising rates gradually to bring inflation toward its 2%
