Today, the crypto world is abuzz with three things:
🔥 Coldcard hacked, losses may exceed $70M The world’s largest hardware wallet brand Coldcard suffered a fourth wave of attacks, with 389 BTC flowing out! Galaxy estimates corrected losses from $90M down to $70M, but on-chain data shows this is the largest “small DCA” anomaly since FTX—hackers are batching transfers and dumping them on exchanges.
🏛 Former BNB Chain employee accused of running a “rug-pull” to cut investors Binance steps in to pursue accountability! A former employee allegedly used internal resources to issue a memecoin, causing $BNB to drop briefly. What does this mean? Legal risks for projects rise sharply—rugs are becoming harder to pull.
📉 Trump Media sells more BTC again After the last time, it sold another 2,628 BTC, reducing its holdings from 6,889 to 4,261 BTC—down 38% in half a year. At the current price of $63,126, this batch is worth $165 million.
$BTC currently at $63,126, $BNB currently at $585.5
How to look at it? → Coldcard event is a short-term positive for exchanges (BTC deposits surge), but long-term it signals a spreading hardware wallet trust crisis → Trump Media keeps selling inventory—short term is selling pressure; medium term is a warning sign for ETF capital flows → BNB Chain’s legal action shows the project team is starting to take internal risk control seriously; for $BNB over the mid-to-long term, that’s actually good news
$UTK today is up **+16.2%**, with trading volume of USD 10 million. UTK stands for **Unite the Kingdom**. It is positioned as a modular gaming blockchain—specifically built for Layer-2 solutions for chain games and GameFi projects. **What is UTK?** Unite the Kingdom is a modular public chain focused on chain games. Its design goal is to address three pain points of traditional public chains in gaming scenarios: 📌 **High gas fees**: On traditional Ethereum, a single transaction can easily cost a few dollars. High-frequency gaming operations simply aren’t playable 📌 **Low TPS**: Games need to process large volumes of state updates every second, which Ethereum can’t handle 📌 **Poor user experience**: Wallet connections and signature confirmation flows are complex, creating a high barrier for beginners UTK lowers gas fees through a modular architecture (Rollup + dedicated game state channels) to <$0.01 per transaction, while TPS can support complex game logic. **Why did UTK suddenly surge today?** 📌 The overall crypto market rebounded, and large capital is looking for undervalued small-cap targets 📌 $0.00795 is currently near historical lows (no ATH comparison data available yet) 📌 Increased trading volume suggests some capital is testing the buy 📌 The GameFi sector has multiple projects scheduled to launch soon, creating a network effect **Risk warning:** ⚠️ The spotlight moments of GameFi projects are often accompanied by substantial token unlock pressure ⚠️ UTK has a small circulating supply and low liquidity, making it easier to be manipulated ⚠️ Current sentiment in the Crypto market is bearish; the sustainability of rebounds for small-cap coins is uncertain ⚠️ This article does not constitute investment advice
$EUL Today's gain **+14.3%**. Trading volume over the past 24 hours reached **$69.6M**—among DeFi tokens, it’s one with significant volume. What is Euler Finance? Why did it move today? **Introduction to the Euler Protocol** Euler is a decentralized lending protocol. Its goal is to use smart contracts to perform in DeFi what traditional finance does—connect people with excess funds to those who need money—without permission and without requiring third-party trust. Compared with first-generation DeFi lending protocols (Compound, Aave), Euler’s key differences are: 📌 **Supports more long-tail assets**: not just mainstream ERC-20 tokens—tokens with poorer liquidity can also be lent 📌 **Anti-forced liquidation mechanism**: more stable than similar protocols during extreme market conditions 📌 **Euler V2 upgrade**: a major upgrade completed in 2025 to improve capital efficiency and liquidation mechanisms **Why is EUL up today?** 📌 **Broad DeFi sector rebound**: ETH holds steady, and lending protocols—one of DeFi’s core tracks—move upward in tandem 📌 **Huge trading volume**: $69.6M is far above normal daily levels, indicating active capital is watching 📌 **Big drawdown from ATH**: EUL’s ATH is $15.81, and it’s currently at $1.55, leaving **-90%** of an oversold rebound opportunity **Risks to watch:** ⚠️ $EUL fell from ATH $15.81 to $1.55; it’s still at **-90%** territory ⚠️ DeFi lending protocols face smart contract risk and liquidation risk ⚠️ Crypto market sentiment is unstable right now; the DeFi sector has high elasticity—and high volatility ⚠️ Whether $1.55 can hold is key—if it breaks below the $1.3 support, it may retest the prior low
$EUL Today’s price increase **+14.3%**; the 24-hour trading volume reached **$69.6M**. Among DeFi tokens, it’s a “high-volume” target. What is Euler Finance? Why did it move today? **Introduction to the Euler Protocol** Euler is a decentralized lending protocol designed to replicate in traditional finance the “banking function”—connecting people with excess funds and those who need funds—using smart contracts, with no permissioning and no third-party trust required. Compared with first-generation DeFi lending protocols (Compound, Aave), Euler’s key differences are: 📌 **Supports more long-tail assets**: not only mainstream ERC-20 tokens, but also tokens with weaker liquidity can be lent 📌 **Anti-forced-liquidation mechanism**: more stable than similar protocols under extreme market conditions 📌 **Euler V2 Upgrade**: a major upgrade completed in 2025 to improve capital efficiency and liquidation mechanisms **Why is EUL up today?** 📌 **Overall DeFi market rebound**: ETH stabilizes, and lending protocols—core DeFi infrastructure—move up with the broader sector 📌 **Huge trading volume**: $69.6M far exceeds typical daily activity, indicating active attention from capital 📌 **Big drawdown from ATH**: EUL ATH is $15.81; now it’s $1.55, with **-90%** of “oversold rebound” room **Risks to watch:** ⚠️ $EUL has fallen from ATH $15.81 to $1.55, and is still **-90%** from ATH levels ⚠️ DeFi lending protocols face smart contract risk and liquidation risk ⚠️ Crypto market sentiment is unstable right now: DeFi has high upside elasticity, but also high volatility ⚠️ Whether $1.55 can hold is key—if it breaks below $1.3 support, it may retest the prior low
$EPIC Today’s gain is **+27%**, with trading volume of $27.6M—behind this move, CoinGecko gives the answer directly: > "Epic is the travel layer for crypto, giving crypto holders access to hotels and flights at up to 30% discount vs Booking.com." A crypto travel platform, rebuilding OTA (online travel) with Web3—this narrative is quietly brewing. **What is EPIC?** Epic Chain (formerly Ethernity) positions itself as a "travel layer for the crypto world": 📌 Covers **2M+ hotels** (Marriott, Oman, Hilton, etc.) 📌 Covers flights across **180 countries** 📌 Prices up to **30% lower** than Booking.com 📌 Hotel + flight inventory comes directly from **100+ wholesale suppliers** (channels traditional OTAs don’t have) **What’s the point of holding $EPIC ?** - Holding $EPIC unlocks Epic Concierge (exclusive travel advisor service) with balances over $10,000 - Each booking can return up to **8% cashback (XRP)** - All major cryptocurrencies can be used to pay **Why did it surge today?** There’s no specific catalyst yet, but there are a few possible backdrops: 📌 It has fallen from ATH $3.2 to a low of $0.19, down **-71%** 📌 Today’s rally may be related to the broader crypto market recovery (BTC stabilizing) 📌 Volume is amplifying in tandem ($27.6M), showing signs of capital moving in 📌 Around $0.92 is a key support level recently—once it breaks, technical buyers may step in **Risks to watch:** ⚠️ EPIC set its ATH $3.2 on 2025-08-20; at **$0.92**, it’s still sitting in a **-71%** deep drawdown ⚠️ For a travel token, real-world utility requires large-scale user adoption to truly show value ⚠️ Circulating supply is 33.6M tokens—some may face unlocking sell pressure ⚠️ Liquidity is concentrated on Binance, with limited depth
📄 **Article 2: Hormuz Strait Transit Volume Plunges 77%! Bitcoin Is Becoming a New Bet on Oil-Dollar**
If the strait is open, oil can flow; if oil flows, the global economy can thrive. But now, the Hormuz Strait’s daily transit volume has crashed by 77%.
📉 Hormuz Strait day-by-day transiting vessels: from dozens down to just 5 🚢 All transits are concentrated on Iran’s unilateral lane—normal commercial passage is basically halted ⚓ Iran’s Revolutionary Guard detains two non-compliant oil tankers 💰 The U.S. Treasury sanctions an Iran-linked company: the company accepts BTC payments
**My view:** The narrative of BTC as digital gold is intersecting with energy geopolitics in a new way. On-chain payment use cases will become increasingly common.