Galaxy Research raised its estimate of Bitcoin drained from addresses linked to the Coldcard firmware flaw to 1,367.05 BTC, worth about $88.6 million, on Aug. 1. Summary 1,367.05 BTC was drained across 4,585 addresses in three suspected Coldcard attack waves, Galaxy reported. July 30’s first wave removed 1,082.65 BTC from 1,196 addresses in just 41
Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures. The Cathie Wood-led investment firm has over $16Bn in assets under management, and
South Korea’s five major won-based crypto exchanges recorded 560.3 billion won, about $367 million, in net stablecoin outflows to overseas platforms in June 2026. Summary 18 consecutive months of stablecoin outflows ended June with 560.3 billion won leaving South Korea. June transfers sent 2.7625 trillion won overseas and returned 2.2022 trillion won to Korean exchanges.
The United States has sanctioned Iranian exchanges, frozen nearly $1 billion in cryptocurrency, and traced $3.84 billion in Iran-linked flows through a single offshore exchange, exposing the scale of sanctions evasion through digital assets. Summary The US Treasury has sanctioned four Iranian cryptocurrency exchanges, including Nobitex, which handles approximately 50% of Iran’s crypto trading volume,
Trump said the Strait of Hormuz might be reopened soon. Bitcoin’s price is on the move today, prompted by the latest developments on the US-Iran war front, but this time in the opposite direction. After it slipped to another multi-week low yesterday evening, the cryptocurrency has rebounded by approximately $1,500 and now sits at
Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on the sidelines. Summary Bitcoin price is testing the $63,150 Fibonacci support after retreating from July’s $66,900 high. US spot Bitcoin ETFs recorded $265 million in net outflows on July 31. 4-hour money flow fell to
BTC already dived by around three grand. But, there could be more pain on the horizon. Bitcoin tried but failed at $65,000 on several occasions in the past week, and there are now multiple and different signals suggesting that another leg down is on the cards. From war escalation to ETF withdrawals, let’s dive
Proof of work is a consensus mechanism that forces computers to spend measurable energy solving a mathematical puzzle before they can add a new block of transactions to a blockchain. It is the reason bitcoin has value as a settlement network and the reason that network consumes more electricity than some countries. Summary Proof of
History repeated in July with a notable increase: will it happen again in August but this time in the opposite direction? We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened
A zero-knowledge proof lets one party prove to another that a statement is true without revealing any information beyond the truth of the statement itself. It is the cryptographic technique behind blockchain privacy, scalable rollups, and a growing number of identity verification systems. Summary Zero-knowledge proofs allow a prover to convince a verifier that a