MultiCoin Capital disclosed a significant ZEC position, citing wealth seizure risks as a catalyst for private assets.
Bitcoin dropped below $63,000 as the Coinbase Premium Index recorded its longest negative streak in history at 77 days, indicating persistent selling pressure from US institutional investors despite recent Bitcoin ETF inflows.
Coldcard users face a new wave of coordinated Bitcoin thefts, with Galaxy's Alex Thorn flagging 709 affected addresses and 448.7 BTC moved. This follows a disclosed firmware flaw causing compromised wallet seeds, with total losses now estimated over $90 million.
New research on Solana's automated trading found bots using HumidiFi recorded a 62.3% positive wrapped SOL balance change, nearly three times higher than other bots (21.01%) within a specific 12-address group, indicating a significant performance edge.
Galaxy Research reports a third wave of Bitcoin thefts from compromised Coldcard hardware wallets, bringing total losses to $88.6 million across 4,585 addresses. The exploit, linked to a 2021 firmware flaw, is ongoing, with all vulnerable devices expected to be drained, prompting users to move funds.
Coinkite's Coldcard wallets suffered a firmware error, leading to 1,367 BTC ($89M) being drained. This caused a surge in Bitcoin transactions as users migrated funds, blurring market signals. US AI guardrails hindered tracing efforts, forcing investigators to use open-source Chinese models.
Ethereum surpassed Bitcoin in July, driven by $365.17 million in US spot ETF inflows and increased corporate holdings by BitMine. Despite the rally, valuation metrics suggest the advance is a recovery from depressed levels rather than a confirmed cyclical floor against Bitcoin.
