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
Bitcoin has seen a rapid shift in its social sentiment just after a massive Coldcard scam attack that targeted Bitcoin holders in a $70 million exploit, causing investors to grow wary. The security breach, which involved a widely trusted hardware wallet, Coldcard, caused Bitcoin holders to lose millions in funds while sparking major safety concerns
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June’s Treasury auction. Investors could lend money to Washington for seven years, collect regular interest, and lock in a return approaching 4.5% before
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6 billion in monthly Bitcoin options. The venue settles monthly contracts at 08:00 UTC on the last Friday of each month, and live expiry data placed July’s Bitcoin notional near $9.7 billion. The immediate
India’s Union government has released an additional ₹1,09,019 crore ($12.5 billion) in tax devolution to state governments. The early transfer gives states access to funds more than a week before the regular August payment. The move aims to accelerate infrastructure and development spending. However, the additional liquidity could also have indirect effects on financial markets,
The BIP-110 soft fork proposed by Bitcoin has not been successful in gaining the necessary support from the community as some well-known Bitcoin supporters like Michael Saylor, Adam Back and JAN3 CEO Samson Mow are strongly against it. The proposal was to temporarily block the non-payment data on the Bitcoin blockchain but never went on
Bitcoin’s rejection from $65,239 keeps the short-term outlook under pressure, with support levels at $63,268, $62,180 and the $60,000-$61,000 region. $BTC could first rebound toward the $67,000-$68,000 monthly imbalance zone, but failure to reclaim higher resistance would preserve the bearish scenario. Bitcoin Reversal From $65,239 Keeps Lower Targets in Focus Bitcoin reached the chart’s preferred
Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to become a payment method. MARA CEO Fred Thiel, whose Bitcoin mining company holds more than 36,300 $BTC, says Bitcoin has missed its chance as a payment method. He says that stablecoins are now better suited for everyday transactions while Bitcoin’s