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Bitcoin sentiment faces a critical test as market participants were spooked by the Coldcard hack. With the $60,000 threshold emerging as a vital defensive line for bulls, a failure to hold this zone could expose the price of BTC to a deeper correction toward the $50,000 area.
Crypto
Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden. The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment.
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ALGO price has spent most of the past two months on the defensive, sliding roughly 45% from its June peak to trade around $0.079. On paper, it looks like another forgotten Layer-1 token. Dig a little deeper, though, and a different story starts to emerge.
U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock's IBIT, while spot ether ETFs pulled in roughly $9 million the same day. A Sharp One-Day Reversal US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31.
One of OpenAI's models was recently implicated in an external security breach during one of its testing runs. If such an AI were brought to bear against crypto protocols, the results would be disastrous for investors.
Strategy's CEO warned on Friday that the company might sell up to $5 billion in BTC.
Tokenized assets grow 5.88% monthly while XLM eyes key Elliott Wave price targets
Tether's second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached reserve report shows a negative $3.17 billion first-half financial result, and the company's materials do not reconcile the two figures.
XRP Ledger launches version 3.2.1 to strengthen network security as accounts hit a record 8.42 million as institutional adoption grows.
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.
Can improving Pump.fun activity convert PUMP's momentum into a sustained breakout?
Galaxy Research, the research arm of crypto investment firm Galaxy Digital, tracked down 1,196 Coldcard wallet addresses that bled out 1,082.65 Bitcoin —
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.
Strategy, formerly known as MicroStrategy, endured a bruising second quarter, yet the company wasted little time shifting attention back to crypto policy. One day after reporting earnings on July 30, the company backed the market structure bill, arguing that clearer digital asset regulations could improve institutional participation and, ultimately, its own funding model.
SUI traded near $0.68 on August 1 as roughly 13.72 million tokens, worth about $9.9 million, unlocked on schedule, while a popular trader called the current price range a setup for a run toward $20. A Token Unlock Lands Right on Schedule Sui's August 1 token unlock released about 13.
Dogecoin spot flows rose 116% in the last 24 hours, according to Coinglass data, as the crypto market saw selling at July's close. Dogecoin fell to a low of $0.068, closing July 31 with a loss of 1.42%.
Binance founder Changpeng Zhao said even long-established hardware wallets can contain critical software bugs after researchers linked a Coldcard firmware vulnerability to the theft of more than 1,082 Bitcoin, currently valued at around $70 million.
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June's Treasury auction.
