Bitcoin News

Story: Bitcoin Drops to $63,350 as Coldcard Exploit Wipes $88.6 Million Across 4,585 Wallets

By Maheen Hernandez

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Coinbase, Robinhood, and Strategy All Bleed. Corporate earnings didn't help the mood. Coinbase posted $1.

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Clarity Act Stalls, Pump.fun Fires Staff Before Token Payouts. On the legislative side, the Clarity Act — pushed by President Donald Trump — hit a wall in the…

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Bitcoin fell 3% to $63,350 last week. And that price drop was probably the least alarming thing that happened in crypto over those seven days.

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The biggest shock came from Coldcard. A total of 1,367 BTC — worth roughly $88.6 million — was compromised across 4,585 addresses after attackers exploited a flaw in the wallet's…

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Not a great week to be a Coldcard holder.

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Corporate earnings didn't help the mood. Coinbase posted $1.2 billion in net revenue for Q2, a 19% decline from the prior year, and logged a net loss of $359 million.

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Lorenzo Valente from ARK Invest said crypto's consolidation phase is underway, with Hyperliquid and Pump.fun pulling ahead as dominant revenue generators.

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Altcoins moved in opposite directions. Cardano climbed 14.7%. Something called Stable dropped 16%. The source didn't specify what triggered either move.

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On the legislative side, the Clarity Act — pushed by President Donald Trump — hit a wall in the Senate with only five days left to hold a vote.

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Read also: Coldcard Firmware Flaw Puts 448.7 Bitcoin at Risk as Second Wave Hits 709 Wallets

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The Clarity Act's delay matters. Crypto companies have been waiting for clearer federal rules for years, and every week without a vote is another week of legal uncertainty.

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Pump.fun had its own mess to deal with. The Solana-based memecoin launchpad reportedly dismissed employees shortly before those workers were set to receive major payouts in PUMP…

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Zach Pandl weighed in on Bitcoin's broader trajectory, saying macroeconomic factors are increasingly driving Bitcoin's value.

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The 2026 FIFA World Cup gave blockchain prediction markets a serious boost — $20 billion in total volume, according to Chainalysis, plus $24 million in digital collectible trades.

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See also: Canadian Entrepreneur Loses $1.6M in Bitcoin as Coldcard Seed Flaw Hits 4,585 Wallets

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