The crypto market,
briefed in 60 seconds.

How bitcoin cold wallets lost $70 million in an attack that never touched the devices — Weak seed generation let an attacker recreate private keys offline, sweeping over 1,000 BTC from nearly 1,200 wallets.

Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges — Small bitcoin holders are moving funds to exchanges for safety after the Coldcard vulnerability, reversing the trend seen after FTX's collapse.

Counting down the days: State of Crypto — Senate summer break leaves little time to address remaining priorities, including the fate of Clarity in August.

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million — Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, now targeting smaller balances and changing fund collection onchain.

Crypto exchanges use perpetual futures to offer 24/7 trading of stocks, commodities, and indexes to Wall Street — Unlike FTX collapse, Coldcard exploit pushes small bitcoin holders to move funds to exchanges for safety - Galaxy Research reports third wave of Coldcard key exploit affecting 4,500 addresses, targeting smaller balances as losses near $89 million - Bitcoin mining difficulty drops 14% from yearly high as weak revenues force operators to pivot, with no relief expected - SEC will review Nasdaq bitcoin options approval after CME argues bitcoin options fall under CFTC jurisdiction.

Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot — Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.

Coinbase's weak quarter leaves Wall Street split on timing of a recovery — Analysts blamed a weak crypto market for Coinbase's earnings miss, but diverged on when trading activity will recover.