Cryptocurrency
Trade.XYZ faces valuation rumors amid $200M funding speculation
Speculation is swirling through crypto circles that Trade.XYZ is pursuing a $200 million equity round at a $1.5 billion valuation. While the chatter has gained traction on social media, the company has remained silent, leaving the community divided over whether the potential deal represents a strategic move or mere market noise.
Binance Launches August Dual Investment Leaderboard with 5,888 USDC Prize
Binance has opened its August leaderboard for Dual Investment users, offering a top prize of 5,888 USDC. The exchange is ranking participants based on their average subscription volume and duration throughout the month, with the promotion running from August 3 through August 31 for verified accounts.
Coldcard Firmware Flaw Exposes Weakness in Hardware Wallet Security
A five-year-old vulnerability in Coldcard hardware wallets has triggered a wave of attacks, resulting in the suspected theft of nearly $90 million in Bitcoin. The incident has prompted industry leaders to demand independent verification of seed generation processes, which currently rely entirely on manufacturer self-attestation.
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Luno sets final withdrawal deadlines as regional exits loom
Luno customers in undisclosed regions now face a hard cutoff for their assets, as the exchange has disabled all cryptocurrency transfers to external wallets. With the June 29 transfer deadline passed, users must liquidate their holdings and withdraw fiat currency to a bank account before the final August 31 cutoff.
Bitcoin Braces for Macro Volatility Amid U.S. Economic Data Surge
Bitcoin traded near $62,747 early Monday, struggling to sustain momentum despite a brief climb to $63,697. As investors weigh the impact of diplomatic shifts in the Middle East, the digital asset faces a heavy week of U.S. economic data and corporate earnings that could redefine Federal Reserve policy expectations.
PayPal Reorganizes Around Stablecoins Amid Growth in Payment Volume
PayPal processed $486.4 billion in total payment volume during the second quarter, a 10% increase year-over-year. Alongside these financial results, the company formally integrated its stablecoin, PYUSD, into a new division dedicated to Payment Services & Crypto, signaling a broader strategic shift toward digital asset infrastructure.
SEC Stalls Nasdaq Bitcoin Options Amid Jurisdictional Clash
A high-stakes turf war over digital asset oversight has frozen Nasdaq’s plans for Bitcoin index options, as the SEC opens a formal review into whether the product falls under its authority or should be exclusively governed by the Commodity Futures Trading Commission.
Prediction Markets Hit Record $50.6 Billion Volume in July
Prediction markets surged to an all-time high of $50.6 billion in monthly trading volume during July, a 7.8% increase over June. While the FIFA World Cup drove significant contract turnover, the record figures highlight a complex landscape where rapid growth in regulated U.S. exchanges coincides with intensifying legal battles over state-level gambling enforcement.
Fourth Coldcard attack wave drains over 448 BTC
A fourth coordinated strike against Coldcard wallets has drained roughly 448.7 Bitcoin from 709 addresses, according to data from Galaxy Research. The surge in activity, which peaked at 13.8 transaction sweeps per block, marks a 45-fold increase over baseline network behavior, signaling a persistent threat to vulnerable hardware users.
BitGo CEO stakes 100 BTC to challenge Anthropic’s AI security claims
A balance of 100 BTC remains unmoved in a digital wallet after BitGo CEO Mike Belshe challenged Anthropic to use its Claude AI models to breach the funds. The public wager follows Anthropic’s disclosure that its models inadvertently accessed real-world systems during internal cybersecurity tests earlier this summer.
Binance to Drop Six Tokens as Asset Review Triggers Delistings
Binance has set August 17 as the final day for spot trading of Across Protocol, Hashflow, PIVX, Vulcan Forged PYR, Vanar, and Viction. The exchange’s latest review cycle ends a period of uncertainty for these assets, forcing users to settle positions and manage migrations before liquidity vanishes from the platform.
Senate faces narrow window for CLARITY Act before summer recess
The U.S. Senate’s floor schedule for the week of August 3 remains conspicuously clear of the Digital Asset Market Clarity Act, leaving lawmakers with a dwindling 72-hour window to initiate procedural votes. Unless a cloture petition is filed by Wednesday, the window for floor action before the August 10 recess effectively closes.
Strategy Inc. Holds STRC Dividend Steady Despite Discounted Trading
Strategy Inc. has opted to maintain its 12% annualized dividend for STRC preferred shares throughout August, holding the rate steady even as the security’s market price finished July at $89.46. The decision signals a strategic shift, prioritizing share repurchases over further payout increases while the stock trades below its $100 stated value.
Trump Media Launches Truth API Amid Scrutiny Over Market Fairness
Trump Media & Technology Group launched its Truth API on August 1, granting institutional clients millisecond-level access to posts from President Donald Trump and other influential accounts. The rollout has ignited a debate over whether monetizing presidential policy announcements via high-frequency data feeds violates federal securities laws or market fairness standards.
Coldcard Users Urged to Migrate Seeds After $88 Million Bitcoin Theft
Dogecoin contributor Mishaboar has issued an urgent directive for Coldcard users to abandon existing seed phrases and migrate funds to new wallets immediately. This follows a security breach where 1,367 BTC, valued at approximately $88.6 million, was drained from thousands of addresses due to a firmware-level vulnerability in seed generation.
XRP Ledger issues emergency patch following validator manifest flood
Ripple’s engineering team has issued an urgent call for node operators to upgrade to xrpld version 3.2.1 after a July 31 incident saw an influx of malicious validator manifests. While the ledger’s consensus mechanism remained stable throughout the event, the flood threatened to overwhelm node memory and bandwidth resources.
Coldcard security breach fuels debate over Bitcoin ETF custody
Following the loss of approximately $88.6 million in Bitcoin linked to a firmware vulnerability in Coldcard wallets, Bloomberg Intelligence analyst Eric Balchunas argued that institutional custody funds offer a safer alternative for investors who prioritize long-term price exposure over the technical complexities of self-custody.
Minnesota Fails to Block Prediction Markets in Federal Clash
A federal judge has stalled Minnesota's attempt to ban prediction markets, granting a preliminary injunction to Kalshi and Polymarket. U.S. District Judge Katherine Menendez ruled that the state’s new law likely conflicts with Commodity Futures Trading Commission authority, leaving the platforms free to operate while legal battles continue in court.
Trump Media Wallets Shift 2,628 BTC to Crypto.com Exchange
A transaction involving 2,628 Bitcoin, valued at approximately $165 million, moved from wallets linked to Trump Media to the Crypto.com exchange on August 2. While on-chain analysts suggest the transfer signals a significant liquidation, the company has not yet provided official confirmation of a sale through SEC filings.
BIP-110 fails to reach voluntary miner support threshold
Bitcoin Improvement Proposal 110 has fallen short of the 55% voluntary miner support required for its current difficulty period. With only 28 signaling blocks recorded out of 1,108, Strategy Executive Chairman Michael Saylor declared the threshold mathematically unreachable, dismissing the current participation as insufficient for genuine network consensus.
BNB Chain Pursues Ex-Employee Over $628,000 Memecoin Scheme
A former BNB Chain employee allegedly leveraged unauthorized access to a company-generated seed phrase to execute a lucrative memecoin pump-and-dump scheme. The network confirmed it is pursuing legal action after the individual reportedly used the credentials to harvest $628,000 in profits from a token launch.
Crypto PAC spending hits $2 million in Michigan House primary
A surge of late-stage advertising has pushed total independent expenditures by the crypto-aligned super PAC Protect Progress past $2 million in Michigan’s 13th Congressional District. The spending spree, concentrated in the final two weeks of the race, aims to secure a win for Democratic incumbent Shri Thanedar over challenger Donavan McKinney.
Coldcard Firmware Flaw Leads to $88.6 Million in Bitcoin Losses
A series of systematic exploits targeting a vulnerability in Coldcard hardware wallets has drained 1,367.05 BTC, according to updated data from Galaxy Research. The losses, spanning 4,585 distinct addresses, highlight a critical flaw in seed generation that allowed attackers to predict and sweep user funds across three distinct waves.
Russia Extends Crypto Mining Ban to Moscow and Kursk Regions
Starting August 15, cryptocurrency mining and participation in mining pools will be prohibited across Moscow, the Moscow Region, and specific districts of the Kursk Region. Prime Minister Mikhail Mishustin signed the government resolution to mitigate grid strain, with the ban remaining in effect until December 31, 2032.
Minnesota Enforces Total Ban on Crypto ATMs Following Scam Surge
Nearly $1 million in reported losses from 134 scam cases pushed Minnesota officials to pull the plug on virtual currency kiosks. Effective August 1, 2026, the new law mandates that operators cease all transactions immediately, with a final deadline of December 31 to physically remove the machines from public spaces.
Decentralized exchanges capture 24% of centralized spot volume
Decentralized exchange spot trading climbed to approximately 24% of centralized exchange volume in July 2026, marking the highest ratio recorded in The Block’s current tracking series since its inception in 2019. This surge reflects a broader shift toward onchain markets for memecoins and assets absent from large centralized platforms.
South Korean Investors Shift Billions to Overseas Crypto Platforms
South Korean crypto investors moved 560.3 billion won, roughly $367 million, to foreign exchanges in June, marking the 18th consecutive month of net stablecoin outflows. Data from the Financial Supervisory Service confirms that domestic users are increasingly bypassing local platforms to access international derivative and decentralized finance markets.
Bitget Overhauls BGBTC with Daily Yield and Chainlink Integration
Bitget has introduced a major upgrade to its BGBTC asset, pivoting from a static Bitcoin-backed token to a yield-bearing instrument. The platform now offers daily rewards denominated in BTC, alongside cross-chain capabilities via Chainlink’s CCIP and independent risk oversight provided by the quantitative firm Gauntlet.
SpaceX Shares Teeter at $107 Ahead of Earnings and Massive Share Unlock
SpaceX stock is hovering near a record low, closing at $108 on July 31 as the company faces a high-stakes week. Investors are bracing for a double-fronted challenge: the firm's first post-IPO quarterly earnings report on August 4 and the release of 911.5 million insider shares just two days later.
ARK Invest Adds $6.8M in Circle Shares Following New York Charter
Following Circle’s receipt of a limited-purpose trust charter from the New York Department of Financial Services, Cathie Wood’s ARK Invest acquired 109,129 shares of the stablecoin issuer. The purchase, valued at approximately $6.83 million, signals the firm’s continued confidence in Circle’s expanding regulated infrastructure despite recent market volatility.