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Bitcoin fell 1.31% since midnight UTC to $63,026 as July drew to a close, with Ether dropping 1.40% to $1,890 — unable to reclaim the $2,000 level it briefly touched earlier this month. The decline arrived despite South Korea's Kospi surging more than 15%, Nasdaq 100 and S&P 500 futures both in the green, and Amazon's nearly 10% after-hours gain on strong cloud earnings — a sustained decoupling from equities that has defined the second half of July. The Coldcard hardware wallet exploit — which drained approximately 594 Bitcoin worth roughly $38 million from around 500 wallets through a key generation flaw — added a crypto-specific headwind to the FOMC's hawkish forward guidance. The CoinDesk 20 Index dropped 2.34% since Monday midnight UTC, but with an 8.7% gain since June it is still on track for its best monthly performance since July 2025 — the first positive month in three. On Deribit, $10 billion in Bitcoin and Ether options expired Friday morning, and the most popular bet in the remaining open interest extending to June 2027 is now a $60,000 put.
The Derivatives Picture — Bears More Aggressive, BTC in Stasis
The derivatives configuration at July's close is the most bearish since the correction's worst period. The taker long-short futures volume ratio continues to lean bearish — takers executing orders immediately against the book are net sellers rather than net buyers, confirming a downside bias in the most aggressive and conviction-driven segment of the futures market. Most major tokens including UNI have negative 24-hour OI-adjusted cumulative volume delta — bears are more aggressive at market orders than passive limit orders, the signature consistently observed during sharp downtrends over the past year.
BTC's open interest remains static at approximately 750,000 BTC — a level it has held all month. The stasis is the most telling single derivatives signal: despite the recovery from below $58,000 at the start of the month to the $62,000-$65,000 range, leveraged capital has not been deployed in BTC futures. Traders are not shorting aggressively enough to push OI higher, but they are not going long either. The same stasis applies to Ether and Solana. The only OI growth story in the complex is Uniswap: UNI's open interest rose to 75.80 million tokens — a level last seen February 14 — for the third consecutive day of OI leadership, driven by the BlackRock tokenized Treasury fund debut on Uniswap and the Robinhood layer-2 integration narrative.
XRP's derivatives configuration is the clearest directional signal in the complex: futures OI extended its three-week upswing to 2.27 billion tokens — the most since late June — while the price declined from $1.13 to $1.07 during the same period. Rising OI alongside declining price is the textbook downtrend confirmation — traders are opening new short positions, not exiting longs. The pattern implies traders expect a deeper XRP price decline.
BVIV at 37% — The Floor That Has Historically Triggered Bounces
Bitcoin's BVIV falling to 37% — its lowest since May — is the most consequential volatility signal of the session. Since ETFs debuted in 2024, the BVIV has served as a floor at approximately 35-38% in recent years, bringing about a bounce in the fear index from those levels. But the post-ETF correlation structure creates a specific risk: BTC price has been negatively correlated with BVIV since ETF launch — meaning any bounce in BVIV from these floor levels could be accompanied by a fresh decline in the spot price rather than a recovery. At 37%, the BVIV is one standard deviation from the floor that has historically marked local volatility cycle turns. Whether Bitcoin's price bounces or declines from here depends on which direction BVIV turns from this level.
The $10 billion Deribit options expiry Friday morning cleared the month's options overhang. The remaining open interest distribution extending to June 2027 showing a $60,000 put as the most popular single bet is the clearest statement of where sophisticated options participants see the primary risk: not the 200-week SMA at $62,873, not $63,000, but $60,000 — a level that would require a meaningful breakdown through the structural floor that has held every test since June.
The Coldcard Exploit — Context and Market Non-Reaction
The 594 Bitcoin drainage from approximately 500 wallets through a Coldcard hardware wallet key generation flaw in a 25-minute sweep represents a product-specific security failure rather than a Bitcoin network vulnerability. The approximately $38 million in losses at current prices is meaningful for affected users but represents approximately 0.003% of the nine-year exchange supply low — too small to register as a market-level supply event. Bitcoin's price decline to $63,026 arrived alongside the exploit but the causal mechanism is the week's accumulated macro headwinds — hawkish Fed forward guidance, Iran-Jordan ballistic missile escalation, Trump's "we will hit them hard" statement, and the sustained equities-crypto decoupling — rather than the exploit itself. The Coldcard incident joins Movement Labs and Storj bankruptcies, BitMEX and BitMart wind-downs, and the SecondFi ADA theft as ecosystem-level negative news that failed to materially move Bitcoin's price during July's recovery period.
Token Highlights — UNI's 9.3% Gain, ADA's Quiet Recovery, LIT Correcting
UNI's 9.3% gain to $4.41 is Friday's standout altcoin performance — sustaining momentum from both the BlackRock BUIDL tokenized Treasury debut and the Robinhood layer-2 integration announced earlier this month. The combination of two institutional adoption narratives within a single week has produced the most sustained OI growth in the complex. Ethena ENA extended its recovery at +4.31% over 24 hours to $0.082 — meaningful recovery progress but still more than 90% below its all-time high, contextualizing the absolute move within the broader correction's damage. ADA added 4.09% over 24 hours to $0.1724, quietly recovering after June's 45% plunge — a slow accumulation pattern rather than narrative-driven momentum. LIT fell another 2.28%, now 20% below the highs set after its 200% May-to-July rally, in a profit-taking correction that has been deepening since the peak. ZEC gave back 2.15% to $459 after a strong earlier run.
July's Verdict — 8.7% Gain on the CoinDesk 20, Best Month in a Year, Recovery Unconfirmed
The CoinDesk 20's 8.7% July gain — its best monthly performance since July 2025 and the first positive month in three — provides the context that Bitcoin's week-closing $63,026 price obscures. July began with Bitcoin below $58,000, supply in profit at 46.2%, Fear and Greed at extreme fear, the LTH-SOPR 30-day SMA below 1 for 50+ consecutive days, and YTD ETF net flows at −$5.4 billion. July ends with Bitcoin at $63,026, supply in profit at 57.5%, a six-day $930 million ETF inflow streak on record, exchange supply at a nine-year low, whale accumulation ongoing for two months, and the 200-week SMA at $62,873 holding every test. The month produced real structural improvement. It did not produce the recovery confirmation the CryptoQuant framework requires — 64% supply in profit, LTH-SOPR sustained above 1, $68,500 STH cost basis cleared. August opens with the $60,000 put as Deribit's most popular remaining bet, oil above $90 from the Iran-Jordan escalation, and the 200-week SMA $153 away.

Turkey's Ministry of Energy and Natural Resources said on August 1 local time that the Turkish state pipeline company BOTAŞ and two Iraqi oil companies formally signed a one-year crude transport agreement. Under the deal, the two sides will use the crude oil pipeline more efficiently, with 750,000 barrels a day of transport capacity allocated to the Iraqi side. Turkey said the pipeline's total designed daily capacity is 1.5 million barrels. During a previous visit to Turkey, Iraqi Prime Minister Al-Zaidi said Iraq would supply Turkey with 1 million barrels of oil a day, according to Jiemian News.

The U.S. Securities and Exchange Commission has frozen Nasdaq’s approval of QBTC bitcoin options to review the decision after a legal challenge from CME Group. According to Odaily, CME Group said bitcoin is a commodity and that options tied to its value should fall under the jurisdiction of the U.S. Commodity Futures Trading Commission rather than the SEC. The approval remains suspended during the SEC review, and interested parties may submit comments by August 24.

Nvidia CEO Jensen Huang said that with artificial intelligence developing rapidly, now is the best time in history to start a company. He encouraged young entrepreneurs not to be intimidated by failure and difficulties, and to take action and learn through practice. According to PANews, Huang said the biggest obstacle often comes from overthinking, and he advised entrepreneurs facing unknown challenges not to imagine every difficulty in advance.
Huang also said entrepreneurship does not make success easy. He has previously said he still worries Nvidia could fall into crisis and has long kept a sense that the company is only 30 days from going out of business. He also noted that entrepreneurship does not guarantee success, and the U.S. Bureau of Labor Statistics has said nearly half of companies fail within five years of being founded.

Galaxy Research said its monitoring of three waves of attacks tied to a Coldcard key vulnerability suggests the first two waves followed a similar pattern. Both consolidated funds into at least several shared addresses, used the same P2WPKH output format and derivation path combinations, and occurred 27 hours apart, indicating they were likely carried out by the same attacker, although they differed in fee settings and in whether they used RBF signals.
According to Foresight News, the third wave differed from the first two in multiple ways. It abandoned shared consolidation addresses in favor of separate destination addresses for each victim, stored funds in P2WSH rather than P2WPKH, averaged 6.37 victims per batch instead of liquidating one by one, and scanned only the default derivation path.
Galaxy Research said the third wave could reflect the same attacker using updated tools or a separate attacker exploiting the same publicly disclosed vulnerable key space. The on-chain data cannot distinguish between those possibilities, and the firm said it cannot confirm any connection between the three waves, though it can confirm that each wave involved a single operator.
Attackers now control 1,366.3865 BTC, and none of the funds in the final addresses have been spent. The first two waves involved 1,158.8148 BTC across seven addresses under ongoing monitoring, while the third wave involved 293 P2WSH vault addresses. Because the scripts for those addresses have not been disclosed, their specific scripts will only be revealed when they are spent for the first time. All of the stolen BTC in the three waves were created after the block that included the vulnerable firmware release on March 17, 2021.

According to Odaily, in response to the persistent attacks on Coldcard wallets, Binance co-founder CZ reposted on X stating that for self-custody wallets, developers fixing vulnerabilities cannot resolve the risks associated with previously generated wallets, and developers are unable to directly contact users of air-gapped devices.CZ stated that users' wallets may still be exposed to attack risks before any action is taken. He emphasized that he still supports the self-custody model, but self-custody means users need to bear more security responsibilities.

Coinkite, the manufacturer of the Coldcard hardware wallet, said it has sent security advisory emails to all reachable user addresses through its store and email subscription system, with the messages sent in batches starting last Friday. According to Foresight News, Coinkite said users who receive the email can confirm it came from the company’s official channels.
The company also advised users to rely on the latest timestamped notice posted on its official blog and not trust screenshots, forwarded messages, summaries, or information from unknown sources. It said firmware should only be downloaded from coldcard.com/downloads, and that it will never ask for a user’s PIN, seed phrase, or BIP-39 passphrase, nor request a signature for an unverified PSBT transaction.

Hedge funds boosted bullish wagers on US oil at the fastest pace since March, as supply disruptions from Iran to the Red and Black Seas are set to lift demand for American crude, Bloomberg reported. Money managers raised their net-long positions on West Texas Intermediate by 21,402 lots to 108,307 in the week ended July 28, the biggest jump in about four months, according to weekly CFTC data on futures and options. Speculators now hold their most bullish stance on US oil since mid-June.The increase was driven not only by the Iran war but also by renewed attacks by Iran-backed Houthi militants on Saudi crude shipments through the Red Sea, an increasingly important export route as Strait of Hormuz disruptions persist, according to Bloomberg. Fresh attacks on tankers at the Caspian Pipeline Consortium terminal on Russia's Black Sea coast have added to supply worries, likely intensifying overseas demand for US barrels. Speculators kept their Brent positioning largely steady, easing net-longs by 6,948 to 185,083, per ICE Futures Europe data. Fuel markets also flashed tightness, with US gasoline net-longs at a four-month high and long-only diesel bets near a five-month peak.

Strategy Executive Chairman Michael Saylor confirmed that the Stretch Dividend Rate for its Variable Rate Series A Perpetual Preferred Stock, STRC, will remain at 12.00% in August 2026. According to Odaily, STRC launched in July 2025 with an initial rate of 9% and has been raised for seven consecutive months.
The dividend adjustment mechanism increases the rate by 0.5% when STRC trades below $95, and any increase remains in place after the price recovers. Strategy resets the rate each month to move STRC toward its $100 par value and has used an at-the-market share issuance plan to raise funds for Bitcoin purchases.
STRC closed at $89.46 on July 31, down from $89.50 in the prior session and about 10% to 11% below par. The stock fell to a low of $71.25 in June and has not returned to par since mid-May.
Strategy has paused new STRC issuance through its ATM program, limiting its ability to use that financing channel to increase Bitcoin holdings. The company said it has a liquidity buffer covering about 26 months of dividend and interest obligations and authorized a $2 billion preferred and common stock buyback and Bitcoin monetization program in late June under its Digital Credit Capital Framework.

Digital asset management company Grayscale urged U.S. Senate leaders to vote on the CLARITY Act before the August recess, saying delays would affect U.S. competitiveness in the digital asset market. According to Odaily, the company sent letters to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer.
Grayscale said continued regulatory uncertainty leaves digital asset firms facing enforcement pressure without a unified federal framework. The CLARITY Act would divide oversight of digital asset markets between the Securities and Exchange Commission and the Commodity Futures Trading Commission and establish national market rules. The bill also covers market structure, custody, enforcement, stablecoins, government ethics, developer protections and safeguards for direct asset holders.

The XRP Ledger is proposing Sponsored Fees and Reserves, which would let banks, issuers or platforms cover users’ transaction fees and locked reserve requirements, potentially making XRP ownership optional for new accounts. According to BeInCrypto, Jazzi Cooper, head of product at RippleX, said the xrpld 3.3.0 release should arrive next week and includes five proposed changes.
Validators must approve the upgrade, which needs 80% support for two straight weeks. The plan would keep users in control of their accounts and keys while shifting fee and reserve costs to sponsors.

Michael Saylor said on X that the company announced its BTC monetization plan on June 29, before second-quarter results were released, and not after reporting losses. According to Odaily, he said the company has never had a policy of never selling Bitcoin, and the BTC monetization plan does not mean it must sell Bitcoin. He added that the company expects to remain a net buyer of Bitcoin in the future.

Crypto analyst Murphy said Bitcoin's URPD data shows heavy coin concentration at the $63,000 level, with 890,000 BTC, and at $62,000, with 710,000 BTC. According to ChainCatcher, the two levels together account for about 8% of circulating supply, far above normal levels.
Murphy said the concentration is similar to patterns seen before the FTX event in 2022 and could make Bitcoin more sensitive to price swings, increasing the likelihood of sharp volatility and a violent redistribution. He said this may become an important directional inflection point near the end of a bear market.
Jiang Zhuoer commented that if the CLARITY Act fails to pass before Congress recesses, Bitcoin may complete its final leg down at the bottom of the bear market.

The U.S. Defense Department’s emergency funding request for the current fiscal year includes more than $10 billion for Patriot missiles and the THAAD missile defense system. According to ChainCatcher, the request also allocates $5.75 billion for THAAD missiles, $5.57 billion to buy additional Patriot missiles, $1.9 billion for Standard-6 missiles, $1.3 billion for Tomahawk cruise missiles, and $692 million for Precision Strike Missiles. The article said concerns have grown over weapons stockpiles as the U.S. military conducts operations in the Middle East.

PlanB said Bitcoin closed July at $62,818, while the 200-week moving average stood at about $63,000. According to ChainCatcher, the analyst said Bitcoin appears to have started a bottom-building process.
The process typically takes one to three months, and BTC could fall to lower levels during that period.

The XRP Ledger’s xrpld 3.3.0 release is expected next week and will include five proposed amendments, including two revised features that were previously withdrawn after researchers found bugs that could have allowed unauthorized transactions or fee draining. The upgrade revives those features in updated form, according to CoinDesk, after they were pulled from an earlier release over the security issues.

Bitcoin mining difficulty has fallen 14% from this year's high as weak mining economics reduce network capacity. The drop comes as plunging revenues force operators to pivot, and forward markets signal little relief through year-end, according to CoinDesk, suggesting miners may remain under pressure even after the latest adjustment.

According to Yonhap, South Korea's stock markets suffered their sharpest monthly declines since the 2008 global financial crisis in July, with seven out of 10 listed stocks falling and the KOSPI and KOSDAQ both losing more than 20%. A total of 1,859 stocks closed below end-June levels, accounting for about 70% of the 2,645 companies listed on the KOSPI and KOSDAQ, according to Korea Exchange data. By market, 566 of the KOSPI's 917 listings and 1,293 of the KOSDAQ's 1,728 listings declined. The KOSPI fell 22.2% from a month earlier and the KOSDAQ dropped 21.4%, marking the steepest monthly declines since October 2008. Among KOSDAQ-listed firms, Kolon TissueGene was the biggest loser, plunging 86% to 13,000 won ($8.99) from 93,600 won, followed by The Technology, down 76%, and Kolon Life Science, down 67%. On the KOSPI, Contentree JoongAng tumbled 67% after its parent, JoongAng Group, came under pressure from a liquidity crunch. Analyst Han Ji-young of Kiwoom Securities said the KOSPI remained oversold amid heavy selling and that investor sentiment is likely to improve on the back of strong earnings from Samsung Electronics and SK hynix.

U.S. President Donald Trump said he is destroying Iran's currency and that Iran is facing severe inflation.

Kering reported first-half revenue of 7.22 billion euros, up 1% on a comparable basis, and second-quarter revenue of 3.652 billion euros, up 2%, its first quarterly growth in three years. Gucci's second-quarter revenue fell 2% to 1.41 billion euros, narrowing from a 8% drop in the first quarter, while first-half Gucci revenue reached 2.757 billion euros with a recurring operating margin of 17%, up 1 percentage point, according to 36Kr. The group ended June 30 with 1,635 directly operated stores, down 84 from the end of 2025, and said direct retail sales rose 2% in the second quarter; Kering's French shares jumped 17% the next day. Kering CEO Luca de Meo said the ReconKering plan aims to more than double recurring operating margin from 2025 levels over the medium term, cut inventory by about 1 billion euros within 12 months, and close about 250 stores over four years, including at least 100 in 2026.

Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict disrupted Middle East supplies, according to Bloomberg.
The move underscores how geopolitical turmoil is pushing even the region’s biggest buyers to step away from long-standing procurement strategies.

MARA CEO Fred Thiel said in an interview with Natalie Brunell on July 23 that Bitcoin's opportunity as a payment and exchange medium has passed. According to Odaily, he said small price fluctuations can change the value received in business settings that require thousands of transactions per second and generate low profit per trade, adding that commercial uses of crypto in areas such as AI are more likely to be handled through stablecoins. Thiel said Bitcoin still works as a store of value because it is outside central control and can be transferred quickly.

Bitdeer, the Nasdaq-listed Bitcoin mining company, said its Bitcoin mining output for the week ending July 31 was 271.3 BTC. According to Odaily, the company also sold 271.3 BTC during the same period, leaving net additions at zero and its Bitcoin holdings unchanged at zero.

Roundhill Memory ETF has added CXMT to its holdings with a 2.52% weight. According to ChainCatcher, the ETF focuses on memory chip companies and, as of August 2, its top three holdings were Samsung Electronics at 26.39%, Micron Technology at 24.54%, and SK Hynix at 22.77%.
Other major holdings include Seagate Technology, Western Digital, SanDisk, Kioxia, Nanya Technology, and GigaDevice.

According to CNBC, Trump Media and Technology Group launched its paid data service, Truth API, on Aug. 1, giving firms faster access to Truth Social posts from President Donald Trump and other top accounts on the platform. Interim CEO Kevin McGurn said the application programming interface is designed to provide a direct, licensed, real-time feed of the platform's most market-moving posts. The launch came after Democratic Sens. Adam Schiff and Elizabeth Warren urged the Securities and Exchange Commission on Wednesday to investigate whether the company is violating the law. The SEC declined to comment on the letter, and McGurn said the service is intended to help Trump Media monetize proprietary assets through a high-margin, recurring revenue stream.

The U.S. Department of Justice announced a civil forfeiture action on July 31 seeking to seize 47,461.73111 USDT. According to Odaily, prosecutors said scammers urged victims to withdraw cash from banks and deposit it through cryptocurrency ATMs.
Prosecutors said one target, a Ware, Massachusetts resident, was contacted after a computer pop-up prompted the person to call customer support. The caller said the bank account had been compromised and instructed the victim to move funds into government custody. Investigators later traced part of the money to the same cryptocurrency wallet and linked it to four other victims in similar scams.
On June 11, the U.S. House of Representatives introduced the Stop Crypto ATM Scams Act, which would set a daily transaction limit of $2,000 and a total deposit cap of $10,000 for new customers during their first 14 days. The proposal would also require cryptocurrency ATM operators to provide fraud warnings, refund arrangements, and stronger anti-money-laundering and record-keeping obligations.

Strive Vice President Joe Burnett said recent weeks may rank among the worst in Bitcoin’s history after a vulnerability affecting COLDCARDwallet seed phrases generated since March 2021 led many users to lose large amounts of Bitcoin. According to Odaily, Burnett said the bug went undetected for more than five years and will permanently change confidence in self-custody.
Burnett said self-custody will continue, but users seeking to control large amounts of Bitcoin directly should use multi-vendor multisig, with keys generated independently on different hardware and software and stored in separate physical locations. If that is not acceptable, he said institutional custodians should be used instead.
He said Bitcoin adoption is now occurring through ETFs, treasury companies and institutional custodians, largely among people who do not want to become experts in private key generation, hardware security, firmware, backups, inheritance planning and physical storage. He also said a single hardware wallet generating one key for large Bitcoin holdings creates too much concentration risk.
Burnett added that institutional custody could eventually place too much Bitcoin in the hands of large companies, creating risks of censorship, seizure and confiscation. He said Bitcoin’s portability and settlement features provide a counterweight because users can create a wallet and request that a custodian send Bitcoin, moving from counterparty risk to direct ownership within minutes.
He said that as long as Bitcoin itself remains secure, the failure of any one custody method does not disprove the underlying monetary system, but instead pushes the market to develop better tools, stronger standards and more resilient custody structures.

Tokenized stock trading surged 288% in July, but most of the gains came from the QQQ token QQQB. Without QQQB, July volume for tokenized equities would have been roughly $2.03 billion, about 30% below June's total, according to CoinDesk, underscoring how concentrated activity remained in the sector.

S&P 500 traders are bracing for sharp moves as uncertainty from war, tariff fights and persistent inflation collides with a Federal Reserve that is not signaling its next move, according to Bloomberg.
The lack of guidance from the Fed adds another risk for investors already facing a volatile market backdrop.

Sygnum Bank has connected its regulated crypto services to Bancastato’s online banking system, allowing Ticino clients to buy, hold and sell BTC, ETH, LTC and SOL on Bancastato’s web and mobile platforms without opening a separate exchange account. According to Odaily, Bancastato is the first bank in an Avaloq software-as-a-service banking environment to offer crypto trading through Sygnum’s application programming interface.
Customers can place market orders by crypto amount or U.S. dollar value, while Sygnum handles trade execution and Bancastato retains the client relationship, branding and front-end experience. Sygnum said its B2B platform provides trading, custody, compliance and settlement infrastructure to more than 25 banks and international financial institutions, including Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance and VZ Vermögenszentrum.
Sygnum also said these partnerships have provided regulated digital asset services to more than one-third of Switzerland’s population through existing banking relationships.

U.S. Senator Cynthia Lummis spoke in the Senate this week and urged bipartisan colleagues to pass the CLARITY Act while emphasizing U.S. President Donald Trump’s ethics provisions. According to Odaily, Trump voluntarily submitted what was described as the strictest ethics provisions in U.S. history.

According to CNBC, new condo-lending policies from Fannie Mae and Freddie Mac taking effect on Aug. 3 will require some mortgage lenders to take a closer look at condominium associations’ finances, reserve funding and building maintenance, a change that could delay approvals and, in some cases, lead to denials. The article said the two government-sponsored enterprises are ending the limited review process for certain condo buildings, meaning many transactions will require a full review unless a project qualifies for a waiver. It also said roughly 40% of condominium purchases involving a mortgage have used the limited review process.
The changes are intended to help identify condo buildings with financial or structural problems and reduce the risk of unexpected special assessments or higher dues, according to a March 18 letter from Fannie Mae to lenders. A separate policy taking effect Jan. 4 will generally require condo associations seeking Fannie or Freddie financing to set aside at least 15% of their annual budget in reserve funds for major repairs and replacements, up from 10%.

An address beginning with 0x8F8C, which accumulated 266,410 LINK, transferred all of its LINK to a multisig address. According to Foresight News, Onchain Lens monitored the move, and the holdings were worth about $2.15 million.

Solana Foundation's new CISO Michael Coates said AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns. He warned that crypto scams are becoming more convincing as attackers use artificial intelligence to improve impersonation and deception, according to CoinDesk, though he did not cite specific incidents in the remarks.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Iran has won the war but must consolidate and strengthen that victory. According to Jin10, he added that the country must remain hopeful and confident about the future, and that Iranian officials must first expand the executive authority and capacity of the Supreme Leader.

A Coldcard RNG vulnerability exploitation cluster stole 1,159.42 bitcoin from 870 exploited addresses. According to Odaily, the attacker moved 0.06 bitcoin to a new address, while the remaining 1,159.35 bitcoin stayed in the original eight attacker addresses.

Ukraine President Volodymyr Zelensky asked U.S. President Donald Trump and other U.S. officials to persuade SpaceX founder Elon Musk to allow Ukrainian forces to use SpaceX's Starlink satellite internet system to strike Russian ballistic missile launchers. According to Jin10, multiple sources said Zelensky raised the request in a closed-door meeting with Trump at the White House on July 28, and he said Ukraine needed more precise strikes before winter to stop a Russian winter offensive and attacks on Ukraine's energy facilities.

According to The Washington Post, U.S. European Command chief Alexus Grynkewich privately warned the Pentagon this week that it lacked enough naval force to keep protecting Israel from ballistic missile attacks.
According to Jin10, he said that if it did not receive another Navy destroyer, he would be forced to choose between defending the U.S. mainland and defending Israel. A U.S. defense official said Grynkewich's warning was consistent with earlier notifications sent to the Pentagon by senior U.S. military officers when they identified risks that required consideration at the U.S. level.

HIVE Executive Chairman Frank Holmes said the company’s 504 Nvidia B200 GPU cluster at Bell Canada’s Manitoba AI fabric generated about $2.90 per GPU per hour, compared with about $0.12 per hour for HIVE’s Bitcoin mining equipment. According to Odaily, HIVE’s total revenue for fiscal 2026 reached $298 million, up 158% year over year, while digital currency revenue from Bitcoin mining rose 164%.
The company said average hashrate for the period was 22.2 EH/s, up 290% year over year, accounting for about 3% of the Bitcoin network’s total hashrate, and it mined 2,885 BTC. HIVE’s BUZZ HPC division, which handles AI and high-performance computing, reported revenue of $19.5 million, up from $10 million in the previous fiscal year. HIVE also signed about $220 million in GPU cloud agreements with Bell and AI company Cohere and raised $75 million through a note offering to expand AI infrastructure.
HIVE is building a 320-megawatt AI data center in the Greater Toronto Area that is expected to eventually house more than 100,000 GPUs. The company said the facility could generate about $360 million in annual recurring revenue if fully online in the second half of 2027.