Imagine you hold Bitcoin worth 1.6 million dollars and you wake up one day and everything is gone.

This is what happened in the crypto space in the last 24-48 hours.

> A man lost his $1.6 million dollars of Bitcoin from the mass cold wallet hacks which resulted in about $88 million in total amount that got drained.

> Following that, a Crypto wallet founder called BitGo challenged Anthropic AI to hack a new multisig wallet containing 100 BTC and posted the address publicly.

That’s $6 million sitting there after the recent mass Bitcoin hack.

If this happens then one day Satoshi’s wallet might also get drained sooner or later.

> In a long time, NFTs are making a huge comeback with NFTs on the Robinhood chain starting to rise hard. One NFT called Stonkbrokers went from $50 to $10k floor in just 2 weeks.

This shows NFTs might not be dead after all with some other runners we have seen over the past weeks.

> A degen trader just shared his July PnL publicly with no loss, total profit of $160k. This caught a lot of reactions in the space and people are asking: Is memecoin really back or are we missing something.

> Debates sparked on X again about proper wallet security between writing your seed phrase on paper vs cold wallets. What’s the best method and your go-to storage method right now.

> It seems we are still bearish because I don’t know why someone will be so jobless and bitter to do that. Some creators’ accounts are getting bottered by anonymous accounts lately.

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