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Coldcard Bitcoin Losses May Reach $114 Million as Fourth Sweep Emerges
A possible fourth wave of attacks targeting Bitcoin addresses generated by Coldcard wallets has raised estimated losses to about 1,816 BTC, worth roughly $114 million, across more than 5,200 addresses since July 30.
Galaxy Research’s Alex Thorn said the latest transactions enabled replace-by-fee, meaning victims who identify their address in Bitcoin’s mempool may still be able to move their funds first by submitting a competing transaction with a higher fee.
The exploit has been linked to Coldcard firmware released in March 2021, which allegedly used a predictable software-based randomizer for seed generation instead of the wallet’s hardware random-number generator. This may allow attackers to reproduce affected private keys offline.
Coldcard manufacturer Coinkite has released emergency firmware and advised users who created seeds using affected software to immediately transfer their Bitcoin to fresh addresses generated with new seeds.
The first attack wave reportedly stole 1,083 BTC from 1,196 addresses in just 41 minutes. Three additional waves may have increased the total to 1,816 BTC. Researchers said multisignature wallets have not been affected, suggesting the vulnerability is limited to single-key seeds.
$BTC
A possible fourth wave of attacks targeting Bitcoin addresses generated by Coldcard wallets has raised estimated losses to about 1,816 BTC, worth roughly $114 million, across more than 5,200 addresses since July 30.
Galaxy Research’s Alex Thorn said the latest transactions enabled replace-by-fee, meaning victims who identify their address in Bitcoin’s mempool may still be able to move their funds first by submitting a competing transaction with a higher fee.
The exploit has been linked to Coldcard firmware released in March 2021, which allegedly used a predictable software-based randomizer for seed generation instead of the wallet’s hardware random-number generator. This may allow attackers to reproduce affected private keys offline.
Coldcard manufacturer Coinkite has released emergency firmware and advised users who created seeds using affected software to immediately transfer their Bitcoin to fresh addresses generated with new seeds.
The first attack wave reportedly stole 1,083 BTC from 1,196 addresses in just 41 minutes. Three additional waves may have increased the total to 1,816 BTC. Researchers said multisignature wallets have not been affected, suggesting the vulnerability is limited to single-key seeds.
$BTC
Bitcoin began the first full week of August trading near $63,000 as investors assessed currency intervention, US labor data, geopolitical developments and the ongoing Coldcard wallet exploit.
The United States and Japan conducted their first coordinated foreign-exchange intervention since 2011 to support the yen after USD/JPY approached 164. The operation used the Federal Reserve’s FIMA repo facility, allowing Japan to access dollar liquidity without selling US Treasuries. US Treasury Secretary Scott Bessent indicated that further intervention remained possible.
Markets are also awaiting July’s US jobs report. Economists expect nonfarm payroll growth to recover to around 120,000, while unemployment could rise to 4.3%. Weaker labor data may increase pressure on the Federal Reserve to adopt a less restrictive policy stance.
Oil prices fell more than 8% after President Donald Trump delayed further strikes on Iran and raised the possibility of an agreement involving the reopening of the Strait of Hormuz and limits on Iran’s nuclear activities.
Meanwhile, the Coldcard hardware-wallet exploit had reportedly drained nearly $90 million in Bitcoin by Sunday. Exchange deposits briefly increased, particularly among transactions involving 1 to 10 BTC, but data did not show a broader rush to centralized exchanges.
Long-term holders remain in accumulation mode, with around 220,400 BTC flowing into the cohort on a rolling 30-day basis. However, traders continue to warn that August could be weak, with Bitcoin facing resistance near its 50-month exponential moving average of $65,827.
Bitcoin gained 7.4% in July, but its ability to avoid historically poor August performance may depend heavily on upcoming macroeconomic data and broader risk sentiment. $BTC
The United States and Japan conducted their first coordinated foreign-exchange intervention since 2011 to support the yen after USD/JPY approached 164. The operation used the Federal Reserve’s FIMA repo facility, allowing Japan to access dollar liquidity without selling US Treasuries. US Treasury Secretary Scott Bessent indicated that further intervention remained possible.
Markets are also awaiting July’s US jobs report. Economists expect nonfarm payroll growth to recover to around 120,000, while unemployment could rise to 4.3%. Weaker labor data may increase pressure on the Federal Reserve to adopt a less restrictive policy stance.
Oil prices fell more than 8% after President Donald Trump delayed further strikes on Iran and raised the possibility of an agreement involving the reopening of the Strait of Hormuz and limits on Iran’s nuclear activities.
Meanwhile, the Coldcard hardware-wallet exploit had reportedly drained nearly $90 million in Bitcoin by Sunday. Exchange deposits briefly increased, particularly among transactions involving 1 to 10 BTC, but data did not show a broader rush to centralized exchanges.
Long-term holders remain in accumulation mode, with around 220,400 BTC flowing into the cohort on a rolling 30-day basis. However, traders continue to warn that August could be weak, with Bitcoin facing resistance near its 50-month exponential moving average of $65,827.
Bitcoin gained 7.4% in July, but its ability to avoid historically poor August performance may depend heavily on upcoming macroeconomic data and broader risk sentiment. $BTC
DeFi Projects Are Dying as Competition Fragments the Market
A growing number of decentralized finance projects that survived the Terra and FTX collapses are shutting down in 2026, but analysts say the trend reflects market fragmentation rather than consolidation.
Zapper, Botanix, Step Finance, Parsec and Odos are among the DeFi platforms that have closed or announced plans to wind down this year. RootData had recorded 101 failed crypto projects by July 26, with DeFi accounting for more than half.
Artemis data suggests capital has not left the onchain economy. Instead, activity has shifted toward newer platforms such as Hyperliquid, Polymarket and pump.fun, leaving traditional DeFi applications competing for smaller shares of revenue and users.
The number of DeFi applications generating at least $1 million in monthly fees fell from about 33–34 in late 2025 to roughly 25–26 during the first half of 2026. Projects earning more than $10 million per month declined by around half.
Analysts said investors now prioritize sustainable yields, proven security and established distribution rather than short-term token incentives. Institutional capital has also become more selective, favoring platforms with strong track records.
Future growth may increasingly come from projects built on top of established protocols rather than direct competitors to Aave or Uniswap. Tokenized assets, stablecoins and AI-powered DeFi are emerging as key areas of experimentation, while successful protocols are expected to focus more heavily on integration with fintech firms, wallets, banks and exchanges.
A growing number of decentralized finance projects that survived the Terra and FTX collapses are shutting down in 2026, but analysts say the trend reflects market fragmentation rather than consolidation.
Zapper, Botanix, Step Finance, Parsec and Odos are among the DeFi platforms that have closed or announced plans to wind down this year. RootData had recorded 101 failed crypto projects by July 26, with DeFi accounting for more than half.
Artemis data suggests capital has not left the onchain economy. Instead, activity has shifted toward newer platforms such as Hyperliquid, Polymarket and pump.fun, leaving traditional DeFi applications competing for smaller shares of revenue and users.
The number of DeFi applications generating at least $1 million in monthly fees fell from about 33–34 in late 2025 to roughly 25–26 during the first half of 2026. Projects earning more than $10 million per month declined by around half.
Analysts said investors now prioritize sustainable yields, proven security and established distribution rather than short-term token incentives. Institutional capital has also become more selective, favoring platforms with strong track records.
Future growth may increasingly come from projects built on top of established protocols rather than direct competitors to Aave or Uniswap. Tokenized assets, stablecoins and AI-powered DeFi are emerging as key areas of experimentation, while successful protocols are expected to focus more heavily on integration with fintech firms, wallets, banks and exchanges.
Strategy Sells 1,638 Bitcoin to Fund STRC Dividends and Buybacks
Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, raising $104.7 million in its second-largest BTC sale of the year.
The company sold the Bitcoin at an average price of $63,957. About $52.4 million was used to pay dividends on its STRC preferred stock, while another $52.3 million funded STRC share repurchases.
Strategy now holds 842,138 BTC acquired for a total of $63.5 billion. The company previously sold 3,588 BTC for roughly $216 million in July and 32 BTC in June.
Strategy also raised $290.6 million by selling MSTR shares during the same period. It allocated $250 million to its US dollar reserve, increasing it to $4 billion, while the remainder supported further STRC repurchases and cash holdings.
Chairman Michael Saylor said Strategy repurchased a total of $81.2 million in STRC shares and extended its cash runway to approximately 2.3 years.
STRC traded about 10.6% below its targeted $100 value, potentially limiting Strategy’s ability to raise new capital through the preferred stock and increasing pressure to offer higher dividends.
$BTC
Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, raising $104.7 million in its second-largest BTC sale of the year.
The company sold the Bitcoin at an average price of $63,957. About $52.4 million was used to pay dividends on its STRC preferred stock, while another $52.3 million funded STRC share repurchases.
Strategy now holds 842,138 BTC acquired for a total of $63.5 billion. The company previously sold 3,588 BTC for roughly $216 million in July and 32 BTC in June.
Strategy also raised $290.6 million by selling MSTR shares during the same period. It allocated $250 million to its US dollar reserve, increasing it to $4 billion, while the remainder supported further STRC repurchases and cash holdings.
Chairman Michael Saylor said Strategy repurchased a total of $81.2 million in STRC shares and extended its cash runway to approximately 2.3 years.
STRC traded about 10.6% below its targeted $100 value, potentially limiting Strategy’s ability to raise new capital through the preferred stock and increasing pressure to offer higher dividends.
$BTC
Hashdex to Liquidate Bitcoin ETF and Sell 225 BTC
Hashdex will shut down its spot Bitcoin exchange-traded fund this month after the product failed to attract significant investor demand.
The Hashdex Bitcoin ETF, trading under the DEFI ticker on NYSE Arca, will sell its approximately 225 BTC holdings and distribute the resulting cash to remaining shareholders.
Hashdex said the decision followed a review of the fund’s trading liquidity, operating costs and investor interest. The ETF currently holds about $14.25 million in net assets and never exceeded $17.54 million.
The fund originally launched as a Bitcoin futures ETF in 2022 before converting to a spot Bitcoin product in March 2024. Its relatively late entry left it competing against 10 spot Bitcoin ETFs that had already accumulated substantial assets.
For comparison, WisdomTree’s Bitcoin Trust, the next-smallest US-listed spot Bitcoin ETF, held roughly $140 million in net assets.
$BTC
Hashdex will shut down its spot Bitcoin exchange-traded fund this month after the product failed to attract significant investor demand.
The Hashdex Bitcoin ETF, trading under the DEFI ticker on NYSE Arca, will sell its approximately 225 BTC holdings and distribute the resulting cash to remaining shareholders.
Hashdex said the decision followed a review of the fund’s trading liquidity, operating costs and investor interest. The ETF currently holds about $14.25 million in net assets and never exceeded $17.54 million.
The fund originally launched as a Bitcoin futures ETF in 2022 before converting to a spot Bitcoin product in March 2024. Its relatively late entry left it competing against 10 spot Bitcoin ETFs that had already accumulated substantial assets.
For comparison, WisdomTree’s Bitcoin Trust, the next-smallest US-listed spot Bitcoin ETF, held roughly $140 million in net assets.
$BTC
Kenya Puts 30 Million Academic Records on Avalanche
Kenya has launched a blockchain-based platform that allows employers, universities and other institutions to verify academic credentials onchain.
Developed by the Kenya National Examinations Council in partnership with Avalanche, the system places more than 30 million academic records on the blockchain to combat forged certificates and make qualifications easier to authenticate.
The platform is designed to create tamper-resistant digital certificates that can be checked without relying solely on paper documents or manual verification. However, KNEC and Avalanche have not disclosed how many students, employers or educational institutions are currently using the service.
The rollout represents one of Avalanche’s largest public-sector deployments and expands its use beyond cryptocurrency and decentralized finance into government record verification.
Avalanche did not clarify whether the system is expected to increase demand for AVAX, the network’s native token.
Kenya has launched a blockchain-based platform that allows employers, universities and other institutions to verify academic credentials onchain.
Developed by the Kenya National Examinations Council in partnership with Avalanche, the system places more than 30 million academic records on the blockchain to combat forged certificates and make qualifications easier to authenticate.
The platform is designed to create tamper-resistant digital certificates that can be checked without relying solely on paper documents or manual verification. However, KNEC and Avalanche have not disclosed how many students, employers or educational institutions are currently using the service.
The rollout represents one of Avalanche’s largest public-sector deployments and expands its use beyond cryptocurrency and decentralized finance into government record verification.
Avalanche did not clarify whether the system is expected to increase demand for AVAX, the network’s native token.
Boltz Suspends Bitcoin Swaps Amid Surge in AI-Assisted Attacks
Non-custodial Bitcoin swap service Boltz has suspended operations until further notice after reporting a sharp increase in automated, AI-assisted attacks on its infrastructure.
Boltz said its small development team had contained several exploits in recent months, but attackers were discovering vulnerabilities and adapting their methods faster than the company could identify and patch them. The acceleration became particularly severe in recent days, prompting the protocol to keep swaps disabled while security fixes are deployed.
The service allows users to conduct trustless atomic swaps between Bitcoin’s main network, the Lightning Network and the Liquid Network. Boltz said no user funds had been placed at risk because users retain control of their assets throughout the swap process.
Its API will remain available for refunds, and customer support will continue operating. Boltz warned that swap services are unlikely to resume soon, describing AI-powered attacks as a major security shift for open-source Bitcoin platforms.
$BTC
Non-custodial Bitcoin swap service Boltz has suspended operations until further notice after reporting a sharp increase in automated, AI-assisted attacks on its infrastructure.
Boltz said its small development team had contained several exploits in recent months, but attackers were discovering vulnerabilities and adapting their methods faster than the company could identify and patch them. The acceleration became particularly severe in recent days, prompting the protocol to keep swaps disabled while security fixes are deployed.
The service allows users to conduct trustless atomic swaps between Bitcoin’s main network, the Lightning Network and the Liquid Network. Boltz said no user funds had been placed at risk because users retain control of their assets throughout the swap process.
Its API will remain available for refunds, and customer support will continue operating. Boltz warned that swap services are unlikely to resume soon, describing AI-powered attacks as a major security shift for open-source Bitcoin platforms.
$BTC
BlackRock Launches Two Tokenized Money Market Products
BlackRock has expanded its blockchain-based investment offerings with two new onchain money market products targeting institutions and digital-asset companies.
The BlackRock Select Treasury Based Liquidity Fund’s OnChain Shares, or BSTBL, create a tokenized share class for an existing money market fund on Ethereum. Approved investors will be able to transfer the shares between authorized wallets, with BNY Mellon serving as transfer agent and tokenization provider.
The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, or BRSRV, is a newly created fund designed for digitally native institutions and stablecoin issuers. It offers daily dividend reinvestment and access across multiple blockchains, with Securitize providing tokenization and transfer-agent services.
Both products will invest primarily in cash, short-term U.S. Treasuries and Treasury-backed overnight repurchase agreements.
BlackRock’s existing BUIDL tokenized fund currently manages more than $2.6 billion. Since its March 2024 launch, the broader tokenized-asset market has reportedly grown from about $2 billion to more than $37 billion.
BRSRV will compete with similar stablecoin reserve products introduced by Morgan Stanley, State Street, Fidelity and other major financial institutions.
BlackRock has expanded its blockchain-based investment offerings with two new onchain money market products targeting institutions and digital-asset companies.
The BlackRock Select Treasury Based Liquidity Fund’s OnChain Shares, or BSTBL, create a tokenized share class for an existing money market fund on Ethereum. Approved investors will be able to transfer the shares between authorized wallets, with BNY Mellon serving as transfer agent and tokenization provider.
The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, or BRSRV, is a newly created fund designed for digitally native institutions and stablecoin issuers. It offers daily dividend reinvestment and access across multiple blockchains, with Securitize providing tokenization and transfer-agent services.
Both products will invest primarily in cash, short-term U.S. Treasuries and Treasury-backed overnight repurchase agreements.
BlackRock’s existing BUIDL tokenized fund currently manages more than $2.6 billion. Since its March 2024 launch, the broader tokenized-asset market has reportedly grown from about $2 billion to more than $37 billion.
BRSRV will compete with similar stablecoin reserve products introduced by Morgan Stanley, State Street, Fidelity and other major financial institutions.
Kalshi CEO Defends Platform Against New York’s $36 Billion Lawsuit
Kalshi CEO Tarek Mansour has compared the prediction market platform to Nasdaq, Uber and Airbnb while defending the company against a lawsuit filed by New York Attorney General Letitia James.
New York alleges that Kalshi’s event contracts constitute illegal gambling and is seeking at least $36 billion in compensatory damages. Mansour argued that Kalshi operates more like an exchange than a traditional sportsbook because users trade against one another while the platform collects transaction fees.
He said the lawsuit threatens the broader prediction-market business model, not only sports-related contracts. However, more than 70% of Kalshi’s trading volume has reportedly come from sports markets.
Mansour also compared Kalshi’s regulatory battles to the challenges once faced by Uber and Airbnb, claiming established gambling companies are using litigation and lobbying to limit a fast-growing competitor.
He said New Yorkers had collectively earned more than $200 million on Kalshi this year, although he did not explain how the figure was calculated. Kalshi also proposed a state tax framework that Mansour claimed could generate nearly $10 billion over five years, but said officials did not respond.
Kalshi CEO Tarek Mansour has compared the prediction market platform to Nasdaq, Uber and Airbnb while defending the company against a lawsuit filed by New York Attorney General Letitia James.
New York alleges that Kalshi’s event contracts constitute illegal gambling and is seeking at least $36 billion in compensatory damages. Mansour argued that Kalshi operates more like an exchange than a traditional sportsbook because users trade against one another while the platform collects transaction fees.
He said the lawsuit threatens the broader prediction-market business model, not only sports-related contracts. However, more than 70% of Kalshi’s trading volume has reportedly come from sports markets.
Mansour also compared Kalshi’s regulatory battles to the challenges once faced by Uber and Airbnb, claiming established gambling companies are using litigation and lobbying to limit a fast-growing competitor.
He said New Yorkers had collectively earned more than $200 million on Kalshi this year, although he did not explain how the figure was calculated. Kalshi also proposed a state tax framework that Mansour claimed could generate nearly $10 billion over five years, but said officials did not respond.
Tasdiqlangan
Proof of Attendance Protocol Shuts Down After Five Years
Proof of Attendance Protocol, or POAP, is winding down after more than five years of creating onchain collectibles for conferences, hackathons, classrooms and community events, co-founder Isabel Gonzalez announced.
POAP allowed users to scan a QR code and mint a unique badge as proof that they attended an online or in-person event. Nearly 7.6 million POAPs were issued by more than 46,210 organizations and creators, including Coinbase, American Express, Warner Music Group and Bayer.
The project also created badges commemorating major Ethereum milestones, including The Merge. Its origins date back to an ETHDenver hackathon in 2019, before the formal project launched in 2021.
Gonzalez said crypto funding cycles and distribution challenges made it difficult to build a sustainable business without undermining the community-focused values that gave POAP its cultural significance.
Existing POAP tokens are expected to remain accessible and tradable onchain after the company closes.
Proof of Attendance Protocol, or POAP, is winding down after more than five years of creating onchain collectibles for conferences, hackathons, classrooms and community events, co-founder Isabel Gonzalez announced.
POAP allowed users to scan a QR code and mint a unique badge as proof that they attended an online or in-person event. Nearly 7.6 million POAPs were issued by more than 46,210 organizations and creators, including Coinbase, American Express, Warner Music Group and Bayer.
The project also created badges commemorating major Ethereum milestones, including The Merge. Its origins date back to an ETHDenver hackathon in 2019, before the formal project launched in 2021.
Gonzalez said crypto funding cycles and distribution challenges made it difficult to build a sustainable business without undermining the community-focused values that gave POAP its cultural significance.
Existing POAP tokens are expected to remain accessible and tradable onchain after the company closes.
Tasdiqlangan
DEX-to-CEX Spot Trading Ratio Hits Record 24%
Decentralized exchanges captured a record 24% of centralized exchange spot volume in July, up from 17% a year earlier, according to The Block data.
The increase was driven partly by weakening activity on centralized platforms as traders shifted toward onchain alternatives such as Uniswap and Aerodrome. Improved liquidity, lower costs and faster cross-chain routing have also narrowed the execution gap between DEXs and CEXs.
Overall spot exchange volume is heading toward a 12-month low of about $670 billion, down sharply from an annual peak of $2.23 trillion. Reduced interest in crypto trading and the growing popularity of prediction markets have also contributed to the decline.
The continued improvement of onchain trading infrastructure could support further adoption of decentralized exchanges.
Decentralized exchanges captured a record 24% of centralized exchange spot volume in July, up from 17% a year earlier, according to The Block data.
The increase was driven partly by weakening activity on centralized platforms as traders shifted toward onchain alternatives such as Uniswap and Aerodrome. Improved liquidity, lower costs and faster cross-chain routing have also narrowed the execution gap between DEXs and CEXs.
Overall spot exchange volume is heading toward a 12-month low of about $670 billion, down sharply from an annual peak of $2.23 trillion. Reduced interest in crypto trading and the growing popularity of prediction markets have also contributed to the decline.
The continued improvement of onchain trading infrastructure could support further adoption of decentralized exchanges.
FBI Agent Arrested Over Alleged $1 Million Crypto Theft
Former FBI supervisory special agent Patrick Yaroch has been arrested for allegedly stealing about $1 million in cryptocurrency from wallets linked to adversarial foreign accounts.
According to an affidavit filed on August 1, Yaroch admitted that he discovered private keys allowing him to transfer funds and made roughly a dozen transactions beginning in late 2024 or early 2025. He reportedly told investigators that he had made “very poor decisions” and acknowledged that he had seriously mishandled the situation.
Yaroch worked in the FBI’s counterintelligence and espionage division and was dismissed from the agency on July 31.
Investigators said he mixed the stolen assets with his personal crypto holdings and used ChatGPT to seek advice on investing or spending $1 million and potentially relocating to Europe. He later purchased a round-trip ticket to Portugal for September.
Yaroch has been charged with interstate transportation of stolen goods and receipt of stolen property, securities and money.
Former FBI supervisory special agent Patrick Yaroch has been arrested for allegedly stealing about $1 million in cryptocurrency from wallets linked to adversarial foreign accounts.
According to an affidavit filed on August 1, Yaroch admitted that he discovered private keys allowing him to transfer funds and made roughly a dozen transactions beginning in late 2024 or early 2025. He reportedly told investigators that he had made “very poor decisions” and acknowledged that he had seriously mishandled the situation.
Yaroch worked in the FBI’s counterintelligence and espionage division and was dismissed from the agency on July 31.
Investigators said he mixed the stolen assets with his personal crypto holdings and used ChatGPT to seek advice on investing or spending $1 million and potentially relocating to Europe. He later purchased a round-trip ticket to Portugal for September.
Yaroch has been charged with interstate transportation of stolen goods and receipt of stolen property, securities and money.
Blockchain Association Pushes Back on Sheriffs’ Clarity Act Claims
The Blockchain Association has rejected claims from the National Sheriffs’ Association that the Clarity Act would weaken protections against money laundering and other financial crimes.
In a letter to Senate leaders, the crypto industry group said the sheriffs’ organization had misinterpreted provisions covering decentralized finance. It argued that the bill would impose strict obligations on crypto intermediaries while preserving a distinction between financial service providers and developers of non-custodial software.
The dispute centers on the Blockchain Regulatory Certainty Act, a section that would clarify that non-custodial developers are not money transmitters. The sheriffs’ group has called for the provision to be removed or narrowed, warning that DeFi protocols could receive overly broad exemptions.
The Blockchain Association said entities that control supposedly decentralized protocols would still be subject to regulation and could not avoid legal obligations simply by describing themselves as decentralized.
The debate comes during a pivotal week for the Clarity Act. Senate Majority Leader John Thune has said he still expects an initial procedural vote before lawmakers leave for the August recess, although no date has been announced.
Negotiations also remain stalled over ethics provisions addressing President Donald Trump’s crypto interests. New bipartisan language was sent to the White House last week, but no agreement had been reached as of Monday.
The Blockchain Association has rejected claims from the National Sheriffs’ Association that the Clarity Act would weaken protections against money laundering and other financial crimes.
In a letter to Senate leaders, the crypto industry group said the sheriffs’ organization had misinterpreted provisions covering decentralized finance. It argued that the bill would impose strict obligations on crypto intermediaries while preserving a distinction between financial service providers and developers of non-custodial software.
The dispute centers on the Blockchain Regulatory Certainty Act, a section that would clarify that non-custodial developers are not money transmitters. The sheriffs’ group has called for the provision to be removed or narrowed, warning that DeFi protocols could receive overly broad exemptions.
The Blockchain Association said entities that control supposedly decentralized protocols would still be subject to regulation and could not avoid legal obligations simply by describing themselves as decentralized.
The debate comes during a pivotal week for the Clarity Act. Senate Majority Leader John Thune has said he still expects an initial procedural vote before lawmakers leave for the August recess, although no date has been announced.
Negotiations also remain stalled over ethics provisions addressing President Donald Trump’s crypto interests. New bipartisan language was sent to the White House last week, but no agreement had been reached as of Monday.
Tasdiqlangan
Binance to Delist $ACX
, $HFT
, PIVX, PYR, VANRY and $VIC
Binance will delist all spot trading pairs for Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY) and Viction (VIC) at 03:00 UTC on August 17, 2026.
The decision follows Binance’s periodic review of listed assets, covering factors such as team commitment, development activity, trading volume, liquidity, network security, transparency, regulatory risks and community sentiment.
Binance will also not support Vanar’s VANRY contract swap. Users wishing to migrate their tokens must use the project’s official migration portal. VANRY withdrawals will remain available through Ethereum and Polygon PoS.
Key deadlines:
Binance Futures will close and settle affected contracts at 09:00 UTC on August 7, with new positions disabled from 08:30 UTC.
Spot Copy Trading will remove the affected pairs at 03:00 UTC on August 10.
Spot trading and Trading Bots will stop at 03:00 UTC on August 17.
Deposits will no longer be credited after 03:00 UTC on August 18.
Withdrawals will no longer be supported after 03:00 UTC on October 17, 2026.
The delisting will also affect Simple Earn, Dual Investment, Margin, Convert, Binance Pay, Gift Card, loan products and other related services.
, $HFT
, PIVX, PYR, VANRY and $VIC
Binance will delist all spot trading pairs for Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY) and Viction (VIC) at 03:00 UTC on August 17, 2026.
The decision follows Binance’s periodic review of listed assets, covering factors such as team commitment, development activity, trading volume, liquidity, network security, transparency, regulatory risks and community sentiment.
Binance will also not support Vanar’s VANRY contract swap. Users wishing to migrate their tokens must use the project’s official migration portal. VANRY withdrawals will remain available through Ethereum and Polygon PoS.
Key deadlines:
Binance Futures will close and settle affected contracts at 09:00 UTC on August 7, with new positions disabled from 08:30 UTC.
Spot Copy Trading will remove the affected pairs at 03:00 UTC on August 10.
Spot trading and Trading Bots will stop at 03:00 UTC on August 17.
Deposits will no longer be credited after 03:00 UTC on August 18.
Withdrawals will no longer be supported after 03:00 UTC on October 17, 2026.
The delisting will also affect Simple Earn, Dual Investment, Margin, Convert, Binance Pay, Gift Card, loan products and other related services.
Coldcard Exploit Pushes Bitcoin Holders Back to Exchanges
The estimated $89 million Coldcard hardware-wallet exploit has prompted smaller bitcoin holders to move funds onto centralized exchanges for safety, reversing the trend seen after FTX collapsed in 2022.
Bitcoin deposits to exchanges in transactions below 10 BTC surged to 7,300 BTC on July 31, the highest since February, according to CryptoQuant. Total net exchange inflows reached about 11,163 BTC, while daily active addresses jumped to nearly one million.
The exploit reportedly affected more than 1,000 addresses and resulted in losses of roughly 1,000–1,300 BTC. Attackers took advantage of a firmware flaw that caused some Coldcard devices to generate seed phrases using a predictable software random-number system.
Unlike the FTX crisis, when users withdrew assets from exchanges into self-custody, the Coldcard incident has raised concerns about hardware-wallet security. However, the vulnerability appears specific to certain Coldcard devices rather than self-custody systems generally.
$BTC
The estimated $89 million Coldcard hardware-wallet exploit has prompted smaller bitcoin holders to move funds onto centralized exchanges for safety, reversing the trend seen after FTX collapsed in 2022.
Bitcoin deposits to exchanges in transactions below 10 BTC surged to 7,300 BTC on July 31, the highest since February, according to CryptoQuant. Total net exchange inflows reached about 11,163 BTC, while daily active addresses jumped to nearly one million.
The exploit reportedly affected more than 1,000 addresses and resulted in losses of roughly 1,000–1,300 BTC. Attackers took advantage of a firmware flaw that caused some Coldcard devices to generate seed phrases using a predictable software random-number system.
Unlike the FTX crisis, when users withdrew assets from exchanges into self-custody, the Coldcard incident has raised concerns about hardware-wallet security. However, the vulnerability appears specific to certain Coldcard devices rather than self-custody systems generally.
$BTC
Dubai-Based Shelbit Processed $4 Billion in Iran-Linked Crypto Flows
Unlicensed Dubai-based crypto exchange Shelbit processed at least $4 billion after launching in May 2024, allegedly serving as a hub linking Iranian gambling websites, Iran’s central bank and entities associated with the Islamic Revolutionary Guard Corps, according to Reuters.
Blockchain researchers traced at least $676 million from Shelbit-linked addresses to Binance wallets, including approximately $540 million transferred after Dubai regulators fined the exchange for operating without a license in January 2025.
Shelbit reportedly handled at least $125 million connected to Iran’s central bank and $20 million originating from a suspected Iranian bitcoin mining operation. It also interacted with wallets linked by Israel to the IRGC and Iranian exchange Nobitex.
Binance disputed parts of the findings, saying Shelbit did not hold an account on its platform and that associated user accounts were investigated, frozen and reported to law enforcement.
Dubai’s Virtual Assets Regulatory Authority is investigating the exchange over suspected money laundering and sanctions evasion. However, Reuters could not independently determine whether the IRGC directly operated Shelbit or the broader network.
$BTC
Unlicensed Dubai-based crypto exchange Shelbit processed at least $4 billion after launching in May 2024, allegedly serving as a hub linking Iranian gambling websites, Iran’s central bank and entities associated with the Islamic Revolutionary Guard Corps, according to Reuters.
Blockchain researchers traced at least $676 million from Shelbit-linked addresses to Binance wallets, including approximately $540 million transferred after Dubai regulators fined the exchange for operating without a license in January 2025.
Shelbit reportedly handled at least $125 million connected to Iran’s central bank and $20 million originating from a suspected Iranian bitcoin mining operation. It also interacted with wallets linked by Israel to the IRGC and Iranian exchange Nobitex.
Binance disputed parts of the findings, saying Shelbit did not hold an account on its platform and that associated user accounts were investigated, frozen and reported to law enforcement.
Dubai’s Virtual Assets Regulatory Authority is investigating the exchange over suspected money laundering and sanctions evasion. However, Reuters could not independently determine whether the IRGC directly operated Shelbit or the broader network.
$BTC
Michael Saylor Hints Strategy May Resume Bitcoin Purchases
Strategy Executive Chairman Michael Saylor captioned his usual Sunday Bitcoin chart post “Bitcoin Drive engaged,” fueling speculation that the company may announce a new BTC purchase on Monday.
Strategy has gone five consecutive weeks without disclosing a bitcoin acquisition. As of July 26, the company held 843,775 BTC, purchased for approximately $63.69 billion at an average price of $75,476 per bitcoin.
With bitcoin trading near $63,200, the holdings are currently worth about $53.3 billion, roughly $10.4 billion below their acquisition cost.
Separately, Saylor said Strategy would maintain STRC’s variable annualized dividend rate at 12% for August. Based on STRC’s $100 stated amount, shareholders receive a semi-monthly cash dividend of $0.50 per share. $BTC
Strategy Executive Chairman Michael Saylor captioned his usual Sunday Bitcoin chart post “Bitcoin Drive engaged,” fueling speculation that the company may announce a new BTC purchase on Monday.
Strategy has gone five consecutive weeks without disclosing a bitcoin acquisition. As of July 26, the company held 843,775 BTC, purchased for approximately $63.69 billion at an average price of $75,476 per bitcoin.
With bitcoin trading near $63,200, the holdings are currently worth about $53.3 billion, roughly $10.4 billion below their acquisition cost.
Separately, Saylor said Strategy would maintain STRC’s variable annualized dividend rate at 12% for August. Based on STRC’s $100 stated amount, shareholders receive a semi-monthly cash dividend of $0.50 per share. $BTC
Tasdiqlangan
Trump Media Moves $165 Million in Bitcoin to Crypto.com
Wallets linked to Trump Media and Technology Group transferred 2,628 BTC, worth about $165 million, to Crypto.com in two transactions on Saturday.
Onchain data confirm the bitcoin was moved to the exchange but do not show that it was sold. A Trump Media spokesperson said the assets were transferred, not liquidated.
The publicly tagged wallets now hold about 4,261 BTC, valued at roughly $268 million. That figure closely matches the 4,260.73 BTC the company reported as collateral for its convertible notes as of March 31.
Trump Media uses Crypto.com and Anchorage Digital as custodians for its bitcoin treasury. The remaining collateral is subject to withdrawal restrictions that expire no later than the notes’ maturity on May 29, 2028.
Wallets linked to Trump Media and Technology Group transferred 2,628 BTC, worth about $165 million, to Crypto.com in two transactions on Saturday.
Onchain data confirm the bitcoin was moved to the exchange but do not show that it was sold. A Trump Media spokesperson said the assets were transferred, not liquidated.
The publicly tagged wallets now hold about 4,261 BTC, valued at roughly $268 million. That figure closely matches the 4,260.73 BTC the company reported as collateral for its convertible notes as of March 31.
Trump Media uses Crypto.com and Anchorage Digital as custodians for its bitcoin treasury. The remaining collateral is subject to withdrawal restrictions that expire no later than the notes’ maturity on May 29, 2028.
CME Challenges SEC Approval of Nasdaq Bitcoin Index Options
CME Group has asked the U.S. Securities and Exchange Commission to overturn a staff decision conditionally approving Nasdaq PHLX’s proposed cash-settled bitcoin index options.
CME argues that because bitcoin is a non-security commodity, options tied directly to its price should be classified as commodity option swaps under the exclusive jurisdiction of the Commodity Futures Trading Commission, rather than the SEC.
The proposed European-style contracts, trading under the ticker QBTC, would track the CME CF Bitcoin Real Time Index and settle entirely in U.S. dollars at expiration.
The SEC granted CME’s petition for review on July 29 and suspended the approval while the full Commission considers the dispute. Written submissions supporting or opposing the proposal are due by August 24.
CME Group has asked the U.S. Securities and Exchange Commission to overturn a staff decision conditionally approving Nasdaq PHLX’s proposed cash-settled bitcoin index options.
CME argues that because bitcoin is a non-security commodity, options tied directly to its price should be classified as commodity option swaps under the exclusive jurisdiction of the Commodity Futures Trading Commission, rather than the SEC.
The proposed European-style contracts, trading under the ticker QBTC, would track the CME CF Bitcoin Real Time Index and settle entirely in U.S. dollars at expiration.
The SEC granted CME’s petition for review on July 29 and suspended the approval while the full Commission considers the dispute. Written submissions supporting or opposing the proposal are due by August 24.
Tokenized Equity Volume Hits Record $11.3 Billion, Driven by Binance’s QQQB
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, largely due to a single Binance-listed token tracking the Invesco QQQ ETF.
Binance bStocks generated $9.41 billion, or 83.3% of total market volume. QQQB alone accounted for $9.27 billion, representing roughly 82% of all tokenized-equity trading during the month.
Excluding QQQB, July volume would have been about $2.03 billion, approximately 30% below June’s estimated $2.91 billion. xStocks volume dropped to $335 million, while Ondo and Backpack recorded $792 million and $479 million, respectively.
QQQB launched on Binance on June 30 with zero maker fees through Aug. 31. Elevated volatility in AI and semiconductor stocks, major technology earnings and the Federal Reserve meeting also helped drive trading activity.
Tokenized equities allow investors to trade around the clock and provide non-US users with exposure to traditional securities when American markets are closed or direct brokerage access is limited.
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, largely due to a single Binance-listed token tracking the Invesco QQQ ETF.
Binance bStocks generated $9.41 billion, or 83.3% of total market volume. QQQB alone accounted for $9.27 billion, representing roughly 82% of all tokenized-equity trading during the month.
Excluding QQQB, July volume would have been about $2.03 billion, approximately 30% below June’s estimated $2.91 billion. xStocks volume dropped to $335 million, while Ondo and Backpack recorded $792 million and $479 million, respectively.
QQQB launched on Binance on June 30 with zero maker fees through Aug. 31. Elevated volatility in AI and semiconductor stocks, major technology earnings and the Federal Reserve meeting also helped drive trading activity.
Tokenized equities allow investors to trade around the clock and provide non-US users with exposure to traditional securities when American markets are closed or direct brokerage access is limited.
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