Bitcoin News

Story: Bitcoin ETFs Pull $853M as BIP-110 Minority Chain Dies After Two Blocks

By Sakamoto Nashi

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CLARITY Act Vote Pushed to September 15. On the legislative side, Senator Tim Scott announced that the procedural vote on the CLARITY Act…

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Coldcard Hack Fallout: 8,000 Vulnerabilities Flagged. Security is front and center right now, and not in a good way.

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Ethereum's EIP-8363 Stirs DeFi Pushback. Ethereum developers floated EIP-8363, a proposal that would tie validator rewards to how much ETH…

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Market Numbers. Bitcoin rose 2% to $64,814. Ethereum gained 1.7%, landing at $1,908.

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BIP-110 is dead. The proposed Bitcoin soft fork, which aimed to purge non-financial transactions from the blockchain, forked into a minority chain over the weekend and basically…

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The minority chain managed to mine just two blocks in eight hours. That's it. Mining on that chain cost as much as mining on the main Bitcoin network, but block rewards couldn't…

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The proposal had drawn fire from some heavy hitters in the Bitcoin world. Michael Saylor and Adam Back both voiced concerns that BIP-110 could damage Bitcoin's neutrality and…

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On the legislative side, Senator Tim Scott announced that the procedural vote on the CLARITY Act won't happen before the August recess after all. New date: September 15.

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Senate Majority Leader John Thune said the reason is simple — not enough consensus. The bill needs 60 votes to clear a procedural hurdle, and they're not there yet.

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Security is front and center right now, and not in a good way. A Bitcoin security volunteer group — working with AI-assisted tools — reviewed Bitcoin-related projects and turned…

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The review was triggered in part by vulnerabilities in the Coldcard hardware wallet. That flaw, tied to faulty random number generation in seed phrases, led to over $100 million…

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Related: US Spot Bitcoin ETFs Pull $1 Billion in a Week, Coldcards $116M Breach Clouds Self-Custody

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Interestingly, the Coldcard fallout seems to have pushed money into Bitcoin ETFs rather than out of crypto entirely. ETF inflows hit $853.54 million — a big number.

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The DeFi community isn't happy. Critics warn it could discourage staking, hurt decentralization, and make Ethereum less attractive to institutional investors who've been drawn in…

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Bitcoin rose 2% to $64,814. Ethereum gained 1.7%, landing at $1,908. Total crypto market cap sat at $2.21 trillion.

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