Bitcoin News
By Dan Saada
1 / 15
Strategy Sells Again, More May Follow. Michael Saylor's Strategy has been moving Bitcoin too, though for different reasons.
2 / 15
Clarity Act Cloture Vote Looks Shaky. Washington isn't making things easier. The Clarity Act — a key piece of crypto legislation — faces…
3 / 15
Hardware Wallet Trust Takes a Hit. The Coldcard incident is one of the bigger hardware wallet failures the industry has seen.
4 / 15
A firmware flaw in Coldcard hardware wallets has cost holders more than $116 million since July 30. Bitcoin, somehow, hasn't flinched.
5 / 15
The breach traces back to a bug in devices made by Coinkite. The flaw created insufficient entropy in recovery seeds, which basically left wallets open to brute-force attacks.
6 / 15
Exchange inflows jumped as Coldcard users scrambled to find safer storage.
7 / 15
That surge in inflows is worth watching. It's not panic selling exactly, but it's not calm either.
8 / 15
Michael Saylor's Strategy has been moving Bitcoin too, though for different reasons. The company recently sold 1,638 BTC for roughly $104.7 million.
9 / 15
Strategy selling isn't new. But the timing, stacked on top of the Coldcard breach and a shaky legislative picture in Washington, gives market participants more to chew on than…
10 / 15
Still, Bitcoin traded between $63,300 and a session high of $64,360. A minor 0.8% gain on the day. Support held above $63,500.
11 / 15
Pretty resilient, all things considered.
12 / 15
See also: Coldcards $100M Hack Exposes 40-Bit Entropy Flaw Across 126 Addresses
13 / 15
The August recess is coming. If the cloture vote falls short before lawmakers leave town, the bill loses momentum at a critical moment.
14 / 15
That said, Bitcoin's floor has some structural support. Charles Edwards of Capriole Investments pegged the electrical cost of mining one Bitcoin at $40,000, with the total…
15 / 15
The Coldcard incident is one of the bigger hardware wallet failures the industry has seen. Hardware wallets exist precisely because people don't trust exchanges or software…
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