栗宝酱

#sol上涨9%
$SOL This rally is up 9%, and the comments section suddenly got hot again.
I saw a line that I found especially interesting:
“Holy crap, it’s going to moon to 100—everything is an absolute mega-positive catalyst.”
This kind of mood is actually very familiar in crypto circles.
Every time the price moves, everyone can quickly come up with a whole set of “explanation framework.”
Trading volume leading, RWA expansion, stablecoin growth, derivatives activity…
You’ll notice that as long as the price is rising, the world automatically becomes more and more “reasonable.”
But there’s a very realistic rule in the market:
Rallies never happen because there are enough reasons—they happen because capital is willing to keep pushing in.
$SOL does have fundamentals supporting this move, and there’s no need to deny that.
On-chain activity, ecosystem expansion, transaction volume data—none of it is empty.
The issue is that the market never only looks at whether there’s a good news.
It also asks whether it has already been priced in.
So I’d rather think of the current SOL as a condition/state, not a conclusion.
The 9% up move itself isn’t the important part.
What matters is whether, after this surge, the market keeps accelerating—or starts to diverge.
A lot of the time, the real trend doesn’t begin when emotions are at their hottest.
It forms gradually when people start arguing about “whether it’s really good news or not.”
As for whether it’s “not falling further” around 60—I’m usually more cautious about that kind of judgment.
What the market loves to do most is to make the “seemingly stable” level unstable again.
So instead of rushing to call target prices right now, it’s better to watch two things:
First, whether trading volume keeps expanding.
Second, whether there’s still capital willing to step in during pullbacks.
If both hold true, then there’s a possibility of moving into a stronger phase.
Otherwise, it’s still mostly emotion-driven fluctuations.
The market never lacks stories.
What it lacks are people who keep placing buy orders.
#SOL #Solana #币安广场征文活动

Doesn’t this feel like the bulls are back? Look at these giant bullish candles pierced in. Feel free to discuss in the comments section
$ETH $BTC $SOL

#以太坊启动glamsterdam早期测试网
To be honest, when I saw the recent news about the Ethereum Glamsterdam upgrade, my first reaction wasn’t “$ETH is about to take off.” Instead, I thought: this might not be as simple as everyone thinks.
Yesterday, the Ethereum Foundation released the Platåberget testnet, preparing for testing the upgrade that comes next.
When many people see the words “upgrade,” their first reaction is bullish, and then they start guessing the price.
But what’s really worth watching isn’t the short-term candlestick chart—it’s whether this Ethereum infrastructure can keep evolving.
This time, there are two key focuses:
ePBS and Gas mechanism adjustments.
First, ePBS.
Right now, a large amount of Ethereum block production relies on MEV-Boost. This mechanism improves efficiency, but it also brings some issues related to centralization and off-chain dependencies.
The direction of ePBS is to try to bring more of this process into the protocol layer.
In simple terms:
Previously, many things depended on external coordination; now they’re working on making the protocol itself take on more responsibility.
From a long-term perspective, this direction is valuable.
But don’t rush to call it a “super massive positive.”
Because the biggest difficulty in underlying upgrades has never been whether the code gets changed—it’s how the entire ecosystem adapts.
Wallets, tools, and developer infrastructure all need time to catch up.
The other part is the Gas adjustment.
If, in the future, Ethereum can handle more transactions, that would definitely be good for the ecosystem.
But rule changes also mean many tools will need to be re-adapted.
So I think this upgrade is more like repairing roads than pressing a “massive breakout” button.
The market’s favorite storyline is:
Upgrade news today, and ETH surges tomorrow.
But the real long-term trend is rarely decided by a single announcement.
Long-term value often comes from foundation-building that nobody pays attention to.
My view:
Don’t treat the upgrade as a guaranteed buy-the-dip signal in the short term.
But if you’re looking at the ETH ecosystem long term, these kinds of underlying optimizations are worth paying attention to.
Ethereum has always had one characteristic:
Slow.
Slow enough that many people think it can’t work.
But it has always been tackling deeper problems.
How well Glamsterdam ultimately turns out will depend on the testnet performance and ecosystem feedback.
Technology upgrades aren’t fireworks—what really matters usually isn’t fully understood by everyone on day one.
Do you think this upgrade will become a catalyst for the next ETH market cycle, or is it just one step in long-term construction?
#ETH

#以太坊基金会启动glamsterdam测试网
Ethereum finally starts doing real work!
Brothers, just yesterday the Ethereum Foundation rolled out a public testnet called Platåberget, specifically to prepare for the Glamsterdam upgrade.
The name translates to “Pingdingshan” in Chinese—sounds kind of silly, but on August 20 it’s getting a hard fork on this very network.
Do you know what that means? Not minor tweaks—this is a major overhaul!
The core of this upgrade is two tough moves: ePBS and re-pricing Gas. Now 88% of blocks are assembled off-chain via MEV-Boost, which brings extremely high centralization risk. [ePBS basically moves this whole process straight into the protocol layer.
Gas is even harsher: it needs to go from 60 million up to more than 200 million. Wallets, indexers, and gas estimators—tools that rely on a fixed Gas limit—will all have to be rewritten. The transfer fee for $ETH won’t be a fixed 21,000 anymore; new accounts will have to pay an extra “state fee.”
Sounds like a big positive, right? But here’s the twist—this upgrade was originally supposed to ship in the first half of the year, but it’s been dragged all the way to Q4.
The testnet has to run for months, then Sepolia and Hoodi will be tested again, and the mainnet is still nowhere in sight. And pay attention: in the Foundation’s announcement they keep stressing that “it will break existing tools.” That’s them politely telling you: get ready for chaos.
My take is simple—if you have holdings, hold steady and don’t move; if you have a project, go test ASAP. Upgrades of this infrastructure scale may cause some pain in the short term, but long term they pave the way for scaling the ecosystem. Once Gas truly drops to 200 million, Ethereum can finally earn the words “world computer.”
Brothers, do you think this upgrade can go live on time? Let’s argue it out in the comments!
#ETH #ETHETFS

#比特币徘徊63500美元
Is this chart asleep, or is it on drugs?
Tell me this: $BTC has been swinging continuously in the 63,500–64,600 range for almost 20 days! From the daily chart, it’s basically drawn a straight line. Both bulls and bears have just given up—no one wants to back down.
Look at the screenshot: the current price is 64,225, up 1.81% in the last 24 hours. But if you look closely at the trading volume—714.77 BTC, with a trading value of only $46 million. That’s it? You know that on Binance, the 24-hour BTC spot trading value is $618 million. This is barely even a fraction of that—less than a tenth.
In plain terms, the whole market is playing dead.
65,000 has become the ceiling, 63,500 the floor—and being stuck in between is pure agony. The market doesn’t dare move at all right now. Everyone’s waiting for the Fed to drop some real, substantive news. You think the market will choose a direction on its own? Don’t be naive. This low-volume consolidation means either a big bullish candle will pierce through everything in one go, or a big bearish candle will smash right through.
But here’s the interesting part—I noticed a problem:
US stocks are hitting new highs every day, while crypto is just going sideways every day. That’s the classic “smart money hesitating.” Institutions don’t dare to step in aggressively; retail traders are watching and waiting. Even ETF inflows are trickling in, not exactly pouring in. This kind of extreme low-volume behavior is silence before the storm. The longer it stays flat, the bigger the move afterward. If you’re still in the market now, you’re either not stupid or you’re ruthless.
Anyway, I’m not moving my spot position. Cutting losses here is impossible. If it breaks above 66,000, I’ll consider adding. If it breaks below 62,000, I’ve set a stop-loss. During this consolidation, watch more, act less—don’t let your patience get ground down.
Brothers, how long do you think this sideways range still has to grind on? Fight it out in the comments!

$AKE This project has something, but I have to pour a bucket of cold water!
First, let’s talk about what it is—an AI-native content creation engine + a launchpad. Four AI agents work together; you give it one sentence and it generates a playable game for you in two minutes. Sounds pretty sci-fi, right?
It raised $5 million: Karatage led the round, with Sfermion and TON Ventures participating. It has 2M registered users and 30K daily active users on-chain.
But guys, do you know what’s the scariest part?
The first 100 addresses hold 98.82% of the tokens! This isn’t decentralization—it’s centralization taken to the extreme. In that July pump, it rallied 1000%: from 0.000174 all the way to 0.004. You think it’s an ecosystem breakout? No—it’s just a few whales controlling the market.
Single-day gain was 291%, and the trading volume was 2.6x the market cap. Classic liquidity squeeze.
Circulating supply is only 22.8 billion, with a maximum supply of 100 billion. 31.5% of the coins are still locked up—any time in the future, they could be dumped. This is a time bomb.
You say its fundamentals aren’t good? Sure—though they do have a product, funding, and users. You say it’s good? But how can you overlook that the chips are concentrated like this?
My stance is very clear: I’m here to watch the show, not get on the ride. If one day the Launchpad truly runs and the tokenomics start creating real consumption, then we’ll talk. For now, entering means betting against the holders of that 98% of the chips. How big is your chance of losing? You do the math.
Brothers, do you think this pullback is an entry opportunity—or just the sickle sharpening? Fight it out in the comments!

#贝莱德加拿大推出比特币关联etf
BlackRock’s move has effectively nailed down the legitimacy of cryptocurrencies! Brothers, BlackRock just pulled off a big operation in Canada—a new ETF, IBQT, with 97% traditional stocks and 3% Bitcoin. It was officially listed today on the Toronto Stock Exchange. Does 3% sound small? Think about it—this is BlackRock! The world’s largest asset manager. They’re not launching a pure crypto product; they’re directly inserting Bitcoin into a legitimate stock fund!
But that’s not the most explosive part. The fiercest thing is that IBQT doesn’t buy Bitcoin directly—instead, it gains exposure through BlackRock’s own Canadian Bitcoin ETF, IBIT. Put simply, this is BlackRock lifting itself by its own bootstraps, forming a “Bitcoin ETF nesting doll” structure. In the U.S., IBIT manages $47.9 billion. In Canada, they keep using the same brand to pull more money in. This isn’t a new product at all—it’s building a distribution network that covers both traditional finance and the crypto world.
Do you know what this means? Those traditional investors who were previously blocked from touching Bitcoin due to compliance constraints now only need a single ticker code to get it done. BlackRock says the management fee is 0.22%. And BlackRock Canada’s product lead, Steven Leong, said verbatim: “expand Canadians’ access to investment channels through low-cost, one-click solutions.” One-click! Traditional investors buying BTC have never been this easy!
But don’t get too excited yet. The 3% allocation shows BlackRock still positions BTC as a small, diversified tool—not a mainstream core asset. Also, just last week, the U.S. ETFs saw an inflow of $850 million. BlackRock’s firm alone took $690 million. Now Canada continues the rollout—clearly they want to scoop up everything they can while there’s regulatory breathing room.
Honestly, brothers, when a player of BlackRock’s size enters the game, it’s no longer a “buy-and-sell hype” logic. It’s about paving the road for BTC’s compliance. This matters a million times more than a 10% pump. If you’ve got spot positions, hold tight. At this level, I’ll keep a bullish stance, but won’t chase the spike. Wait for a pullback.
Do you think this is a milestone for the mainstream acceptance of crypto? Let’s debate in the comments!

#xrpl拟推机密rwa转账
Just saw the news: the XRPL 3.3.0 release is out, bringing something called “Confidential Transfers.” Basically—if you don’t want others to see, they won’t. You can choose not to reveal how much you’re transferring or your remaining balance.
For institutions, this is literally a life-saving straw!
Think about it: BlackRock, Fidelity, these giant firms—how could they possibly run around “naked” on a public chain? Every transfer amount is visible to the entire world. What’s the difference between that and posting financial statements on the street? Traditional finance is terrified of transparency being too high.
Now XRPL has handed them an umbrella: keep addresses and token types, but encrypt the amounts and balances. Use zero-knowledge proofs to verify that the transaction is valid—without exposing the exact numbers.
But there’s a fatal catch to this story—
On the XRPL chain, RWA transfer volume has dropped 96.88% in the past 30 days, from $580 million down to $18 million. With a hole that big sitting there, even if the privacy feature goes live, what’s the point if nobody uses it?
Also, this feature requires at least two weeks of voting, and it will only be activated once 80% of the validating nodes approve. Will the market wait? $XRP is currently around $1.03; it’s down 2.38% over the week and down 43% year-to-date. On the technical side, the 50-day moving average has just crossed below the 200-day moving average, forming a “death cross.”
So in short: XRPL is building a private garden for institutions—but the garden isn’t open yet, and the “customers” are already starting to run away.
My take: The privacy narrative is definitely a good story, but it’s all just pie in the sky until it’s actually implemented. Let’s see institutions use it for real—otherwise it’s just telling stories to pull in retail investors.
Do you think this privacy upgrade is XRP’s life-saving straw, or just another story? Fight it out in the comments!

My goodness, don’t you people notice?!
That kind of big bomb—like the bill being postponed—has already dropped, yet Ethereum is holding steady like a mountain. It just won’t break below $1,900 no matter what! This isn’t “strong support” at all—this is basically forcing the order book up, period!
People who understand know: in this kind of market, if it doesn’t drop, the only explanation is that the “dog庄” is secretly building a position, getting ready to make a big move! These abnormal signals are basically handing us a knife!
Even though I’m also worried it might be a stop-and-run, if I miss an opportunity like this, I’ll honestly get so mad I’ll rage in my bed.
Forget all the so-called analysis—since the “dog庄” won’t let it fall, then I’ll follow the庄!
Position: full size $ETH , ready to take off!

I just saw a set of data, and I instantly got goosebumps—ISM manufacturing is 55.6, and the Russell 2000 has broken to a new all-time high. These two signals show up together. In the past two rounds of super bull markets, it happened in 2016 and in 2020. In both cases, we saw an explosive rally with $BTC .
This isn’t a coincidence; it’s the underlying logic of how macro liquidity transmits.
What does ISM manufacturing > 55 mean? It means the US real economy is expanding and businesses are willing to spend. What does the Russell 2000 breaking to a new high mean? It means the small-cap stocks that are most sensitive and most representative of the US domestic economy are flying. Money is made in the real economy, then it starts flowing into risk assets—Bitcoin is one of the biggest reservoirs.
Last year, for the whole year, ISM stayed below 50. You want a bull market? Not happening. Now both conditions are met at the same time, and this is the first time since 2020 that this kind of signal combination has appeared.
But I’ve got to pour some cold water—
In the 2020 instance, after ISM and the Russell 2000 broke out, BTC did indeed take off. However, along the way it also went through three pullbacks of around 20%. And this macro environment is far more complicated than back then. The Fed is still watching from the sidelines, inflation is still sticky, and nobody can say for sure whether the AI bubble has actually burst risk.
But my position hasn’t moved at all; in fact, I even want to add.
Not because of blind optimism, but because data doesn’t lie. When these two signals appear together, the odds do tilt toward the bulls. Of course, history won’t repeat itself in a simple way, but the rhythm is often surprisingly similar. If there really is a big move in the coming months, then this level might be the starting line.
The darkness before dawn is the coldest, but the sky will brighten. Brothers, hold steady.
#BTC #ISM

#美adp7月私营就业逊预期
This data gives me chills down my spine!
Brothers, ADP has blown up! In July, private-sector employment increased by only 44,000, versus the market’s expectation of 75,000—straight up halved, and it doesn’t stop there. It’s the lowest number since January this year. And the June figure was revised down from 98,000 to 95,000.
This isn’t “cooling” employment—that’s basically pouring water on the fire and extinguishing it.
But guess what? The market isn’t really breaking down.
Why? Because everyone is waiting for Friday’s Non-Farm Payroll (NFP) data—that’s the real trump card. And this time there’s a special situation: after Trump took office, immigration policies tightened, and the baby-boomer retirement wave is also hitting. Labor supply is shrinking on its own.
Economists say keeping the unemployment rate stable only requires adding 50,000 jobs per month—completely different from the 200,000+ standard from a few years ago.
In plain terms, weak employment data doesn’t necessarily mean the economy is collapsing; it may just mean fewer people are looking for jobs.
However, there’s one detail I’m particularly concerned about.
Even though the data is bad, the pay growth for people who quit and switched jobs still hit 7%, the highest in nearly a year. Those who stay saw a 4.4% pay increase too. What does that mean? It means employers are hiring fewer people, but they don’t dare cut salaries to poach talent—skilled workers are still scarce.
At times like this, the Fed is the most worried: employment is weak, but wages are still rising. Inflation pressure hasn’t gone away at all. Rate hikes? The economy might not be able to handle it. Rate cuts? Then inflation will just fly again. Blocked on both ends.
Anyway, my spot position hasn’t moved.
If Friday’s NFP turns out as bad as the ADP report, there could be a short-term wave of risk-aversion, but it probably won’t be that strong. The market is already numb to bad news. Unless a real black swan shows up, it’ll likely just range trade.
$BTC is at the 64,000 level—up or down, it’ll depend on fresh catalysts. Data like ADP is at most a rehearsal.
Brothers, see you Friday when the real test comes. Hold on first—don’t get carried away.

$ETH Ethereum has already reached $1,850. Hold strong for a long time.

I expect that once the clear bill is passed

it will directly break through to new highs. Please don’t take a bearish view of my perspective.

#spacex上市后首份财报跌11%
I can’t believe the Spacex earnings report—it's unbelievable!
Revenue was $7.8 billion, up 92% year over year, far above the market’s forecast of $6.9 billion. Even the net loss narrowed by 46%! Put these numbers in any other company and the stock would be flying after-hours. So what happened? It fell more than 8% after the close, and it dropped more than 10% pre-market! Who wrote this script?
Why? Because it’s burning cash—hard.
In just one quarter, capital expenditures hit $18.369 billion, up a whopping 550% year over year. 86% of the money—$15.8 billion—was thrown into AI compute infrastructure. Analysts only guessed $13.2 billion, totally underestimating just how reckless Musk can be.
Sure, the CFO says they’ll recoup within a year, but the market isn’t here to hear stories—it’s here to make money.
But this still isn’t the scariest part—the real test comes tomorrow!
On Thursday, 9.12 million shares of restricted stock will be released. Based on the current share price, that’s a market value of about $114 billion. This is the largest scale lock-up period release in U.S. capital market history! Right now, the float is only about 5% of total shares. Then suddenly, more than 900 million shares come pouring in—equal to a 1.4x increase in the float.
Institutional brokers even said in plain terms: “Selling will be hard to resist.” Insider selling motivation is too strong, since some people’s cost basis is far below the $135 issuance price.
To be honest, I wouldn’t touch this company.
Breaking it down: in the second quarter, Starlink users surged to 12 million, doubling year over year. Operating profit was 1.66 billion, the only profitable segment—definitely a money printer. The AI business exploded 247% to 2.56 billion, and operating losses narrowed by 49% quarter over quarter—progress, yes. But the problem is that external risks are everywhere. The lock-up release wave hasn’t even fully passed, while short positions have already climbed to 220 million shares—about 34% of freely tradable shares.
Tomorrow, how many people will flee after the unlock? Nobody knows. Going in at this point to bet on direction is no different from catching a falling knife. If you have the courage, hold onto your faith. If you don’t, wait until it gets through this unlock flood before deciding.
#spcex #马斯克概念

On community consensus, $DOGE dares to take second place—no one would dare to claim first!
Look at those projects nowadays that shout “100x, 1,000x” at the drop of a hat. Their whitepapers are written to the point of sounding heavenly, but once the hype fades, there’s barely anyone left. In contrast, DOGE—from that joke in 2013 all the way to now, a full 13 years—through how many bull and bear cycles? How many projects have gone to zero? DOGE isn’t just alive—it’s doing pretty well!
Every time Musk casually posts a tweet, $DOGE can rally by 10%. What does that prove? It shows the community is there, the faith is there, and the momentum is there! And if you look at on-chain data, the number of DOGE holder addresses exceeds 6.3 million, with hundreds of thousands of active addresses every day. These numbers are stronger than many so-called “public-chain unicorns.”
No need to hide it from you—I’ve always held a baseline position of DOGE. Not a lot, but I’ve never planned to sell. When it goes up, I’m happy; when it dips, I’m not worried, because I know this community won’t fall apart.
Of course, to be objective, DOGE’s biggest problem right now is the lack of real-world application scenarios. Over the past two years, the team has been pushing payment use cases and has also reached partnerships with a number of merchants, but honestly, the pace of progress isn’t fast enough. Still, think about it: a project that started from memes can survive for 13 years and even break into the top ten by market cap—that in itself is a miracle.
Consensus is the strongest moat. Technology can be copied, code can be replicated, but no one can steal the community consensus that has been built and solidified over 13 years. That’s DOGE’s biggest confidence. If this market holds steady, the speed at which DOGE can surge—I bet many people will be caught off guard again.
#DOGE

#coldcard漏洞被盗1367枚比特币
1367 coins $BTC ! 89 million USD! Gone!
Brothers, this isn’t news anymore. This is the darkest moment for self-custody “faith” in the crypto space! 4585 addresses, three waves of attacks—cold wallets sitting at home have been remotely emptied via “airlift.”
What’s even more terrifying is that this isn’t because the hacker is that skilled. Coldcard itself dug the trap!
A firmware version from March 2021: a code-checking error. It directly caused the wallet to generate seed phrases while bypassing the hardware random number generator, instead using the chip’s serial number plus the clock value. The serial number is fixed, and the clock can be inferred—so it’s like using your home safe password made from the factory serial number plus the current time. The hacker doesn’t even need to touch your device—just run through all possible combinations with a GPU at home, and they can calculate your private keys and transfer the funds away.
And it’s not over yet!
Galaxy Research says the fourth wave may already have started. Another 462 addresses have been scanned to sweep 389 BTC. Coldcard’s CEO has publicly apologized, saying “heartbroken,” and the company takes full responsibility. But does an apology help? Can the money be brought back?
So what do we do now? No more talk—act immediately!
If you’re a brother using Coldcard, check your firmware version right away. If your seed phrase was generated on a version that’s affected, it’s already exposed by default. Updating firmware doesn’t fix existing seeds. You must generate brand-new seed phrases on the updated device, create new addresses, and then migrate all assets over. Do a small test first, then transfer the remaining balance.
Some security experts even say this incident could permanently change people’s confidence in self-custody. People are starting to shout “Self-custody is dead,” telling everyone to just buy ETFs.
As for me, I won’t put my faith in any single hardware wallet ever again. Use multi-sig, multiple providers, and distribute across multiple devices—or simply move most of the holdings into institutional custody. Don’t think it’s a hassle. It’s better than going to bed and waking up to everything wiped out overnight. In this industry, never assume anything is “foolproof.”
#BTC #钱包

#ada涨近10%
$ADA This is not playing fair!
In a single day it surged nearly 10%! From 0.1728 straight up to 0.1921, with a trading value of $245 million! This volume isn’t something retail investors can smash out—this is real buying power being piled in!
Do you know what’s happening behind the scenes? Whales are疯狂ly accumulating!
In just five days, these big players have hoarded over 240 million ADA, and the whales’ holdings jumped to 14.55 billion ADA directly. Plus, more than 60% of the ADA is staked and locked—there isn’t much circulating supply to begin with. And they’re still accumulating; if the price doesn’t rise, that would be strange!
Take a look at the chart too: the key resistance at 0.1812 was pierced through by a single big bullish candle. The breakout came with trading volume of 3.49 million ADA—this doesn’t look like a weak rebound at all. It’s clearly genuine, solid demand!
The technicals have already completed a triple-bottom. The RSI is turning upward, and the 200-day moving average is sitting right under the candles. This structure is way too familiar to me.
On the news front, founder Charles Hoskinson himself just admitted: “The technology is stronger than 2024, but the market position has actually declined.” He also said he wants to form a political party and push for on-chain governance representation to save the situation. That sounds heartbreaking—but on the flip side: even the founder is worried, which suggests the bottom really isn’t far off.
And the Dijkstra roadmap is already underway. Upgrades like Nested Transactions and Linear Leios, which improve throughput, are expected to be available on the mainnet by year-end.
But brothers, don’t get too carried away.
ADA dropped from 1.31 to 0.18—a fall of 87%—and it hasn’t had any decent rebound. That shows there are tons of trapped longs overhead. Around 0.20 is the daily time-frame neckline level. If it can’t break, it’s just a rebound; if it breaks, that’s a reversal. Also, Cardano’s total amount locked is only $68 million right now—nowhere near the scale of Solana or Ethereum. The ecosystem is still too weak.
I personally bought a little around 0.175. I’m up a few percentage points, but I don’t plan to sell now.
Set the stop-loss at 0.1820. First target is 0.20, then 0.22–0.25. Position size isn’t big—just 30%. The volume backing this up is a weekly-level launch signal, not just a daily pullback. It’s worth a bet.
This 0.20 level—once it’s crossed, it’s smooth sailing. If it can’t get through, then just come back and lie low again. Wait and see!
#ADA

#coldcard漏洞被盗594枚btc
Brothers, 594 Bitcoins, $38 million, 25 minutes, 500 wallets—gone!
And this isn’t a phishing site theft, and it’s not that the private keys leaked. It’s a fatal vulnerability in Coldcard’s own firmware.
Do you know how absurd this is? In March 2021, a single line of code bypassed the hardware random number generator, switching to generate the mnemonic using the chip’s serial number plus the clock value. The serial number is fixed, and the clock value is predictable—effectively, your safe-deposit box password is made from the factory ID plus the current time! The attacker sits at home and, in minutes, calculates your private keys.
Even more heartbreaking: the victims welded the wallets into their safes, cut off the network, and didn’t touch them for months, thinking they were safe. So what happened? The hackers didn’t even need to touch your device at all—they remotely computed your private keys and transferred the funds away.
Tell me, what’s the difference between this and getting your faith stabbed?
This isn’t over. The latest on-chain data shows the scale of the theft may be far more than 594. After the discovery of the third-wave attack cluster, total losses are estimated to have jumped to 1,367 BTC—worth about $88.6 million—affecting over 4,500 addresses.
It’s not just older Mk3 models affected. Mk4 and Mk5 before 5.6.0, and Q mnemonics generated before 1.5.0Q—all of them have issues. The effective entropy is only 72 bits instead of 128. Almost the entire line is compromised.
Now what do we do? Coldcard brothers, check your firmware version immediately! If the mnemonic was generated on an affected version, it’s already exposed by default. Updating the firmware doesn’t fix the seed that already exists—you must generate a brand-new mnemonic on the updated device, create new addresses, and migrate all assets over. Do a small test first, then move the full balance.
Vice President Strive said a sentence that sends a chill down the industry’s spine: “This permanently changes people’s confidence in self-custody.”
Hardware wallet = absolutely secure? Starting today, this claim no longer holds.
Brothers, it’s fine to keep your own private keys—but don’t put all your eggs in one basket. Use multisig, multiple providers, multiple devices, multiple physical locations, or go straight to institutional custody. In this industry, never assume something is “foolproof.”
#BTC #BTC走势分析