The cold wallet that many crypto holders treated as the ultimate vault has just cracked open a debate the market wasn’t ready for. A Coldcard firmware exploit—targeting a device explicitly marketed as air-gapped and self-custodial—has sent Bitcoin’s social commentary into a historic tailspin. According to the Santiment update, Bitcoin’s positive-to-negative commentary ratio across X, Reddit,
Saylor Pushes Back on Viral Bitcoin Sale Claim Strategy Executive Chairman Michael Saylor pushed back Aug. 1 on reports that Strategy Inc. (Nasdaq: MSTR) had newly authorized up to $5 billion in bitcoin sales. His response followed a widely circulated social media post that presented the company’s existing capital-management framework as a fresh decision, prompting
Bitcoin ($BTC) is going through one of the key turbulent sentiment periods. In this respect, Bitcoin ($BTC)’s positive-to-negative commentary ratio has slumped to the lowest levels across Telegram, Reddit, X, and other such social media platforms. As per the data from Santiment, the Coldcard firmware exploit is the leading incident that has shocked traders. Particularly,
A Third Wave Expands the Damage Galaxy Research disclosed on X that the three suspected waves drained about 4,585 addresses and captured bitcoin worth approximately $88.6 million at the time of its analysis. The research group cautioned that its findings are preliminary and based entirely on publicly available Bitcoin blockchain data. Another dashboard called Coldcard
Michael Saylor explained that it is mathematically impossible for BIP-110 to reach the 55% volunteer support threshold in the current Bitcoin mining difficulty cycle. According to data shared by Saylor, a total of 946 blocks were generated up to block number 960,561 during the current difficulty adjustment period. Only 24 of these blocks had the
Strategy’s co-founder, Michael Saylor, has clarified that his company’s plan to sell up to $5 billion of Bitcoin was what they authorized under the previously announced $BTC monetization program. This follows reports today that the Bitcoin treasury firm had authorized a $BTC sale of up to $5 billion after it posted a quarterly loss of
We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for $BTC. The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency,
The Vice President of Bitcoin Strategy at Strive, Joe Burnett, described the past week as “possibly one of the worst weeks in the history of Bitcoin.” The statement suggested that large holders ought to trust institutional custodians more than hardware wallets. Why did Strive’s VP of strategy call out the worst week in Bitcoin’s history?
The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each. Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC. That is just over a tenth of a bitcoin per victim. The July 30 opening
Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden. The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment. The official dashboard