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08-04
Coldcard Warns Users to Move Bitcoin Amid $114M Exploit
Key PointColdcard developers told affected users to urgently move their bitcoin because the exploit is still ongoing and has drained as much as $114 million from self-custodied wallets. The vulnerability affects certain Mk3 devices set up on firmware 4.0.1 or later and Mk4, Mk5 and Q devices on olde
US Treasury Secretary Scott Bessent Compares Fed Strategy to Economic Detox
US Treasury Secretary Scott Bessent has a favorite metaphor for what the Federal Reserve is doing under Chair Kevin Warsh’s leadership: detox. Not the green-juice-and-yoga kind. The painful, white-knuckle, your-body-is-going-to-hate-you-before-it-thanks-you kind.The framing is deliberate. Bessent is
Cardano (ADA) Surpasses Top 100 Cryptocurrencies in Weekly Gains
Cardano has become the strongest weekly performer among the top 100 cryptocurrencies after ADA gained about 25%. The token reached $0.195, its highest level since July 4, while most major altcoins posted smaller gains. Market data also shows Cardano’s capitalization rising 24% over the past seven da
India Proposes Redomiciliation Pathway for Overseas Companies to GIFT City
India just made a play to become the Delaware of global finance. A panel of Indian lawmakers has proposed allowing overseas-registered companies to transfer their registration directly to an Indian International Financial Services Centre, with GIFT City in Gujarat being the obvious target destinatio
U.S. Treasury Secretary Bessent Notes Subdued Core Inflation Excluding Energy
U.S. Treasury Secretary Scott Bessent has indicated that core inflation in the United States, excluding energy-related segments, remains very subdued. This statement follows recent data showing that core inflation, measured by the CPI less food and energy, stood at 2.9% year-over-year in May 2026 an
USDY Launches on BNB Chain, Offering Yield-Generating Dollar Assets to Millions
Odaily Planet Daily reports: Ondo’s tokenized U.S. Treasury yield instrument, USDY (U.S. Dollar Yield Token), has now officially launched on BNB Chain, supporting instant minting/redemption and cross-chain bridging. As a permissionless tokenized U.S. Treasury product, USDY’s integration into one of
Coldcard Wallet Urges Users to Move Funds Amid Ongoing Exploit Draining $114M
Developers behind the Coldcard wallet are telling users to urgently move their bitcoin, confirming Tuesday that the exploit — which has drained as much as $114 million from self-custodied wallets — is still ongoing."Please treat this as urgent. Migrate your funds," the company wrote, adding that the
UNITREE IPO contract on Hyperliquid drops 14.2% from open
According to TradingBeats, the UNITREE IPO contract for Unitree Robotics has launched on Hyperliquid, opening at $73.33, reaching a high of $75.67, and dipping to a low of $61.92; it is currently trading at $62.88, down 14.2% from its open. Total trading volume has reached $2.74 million, with open i
Odds of CLARITY Act Passing Drop to 27% as Key US Crypto Regulators Depart
Tyler Williams served as Secretary Scott Bessent's principal adviser on blockchain and digital asset policy, making him one of Treasury's top voices on US crypto regulation. He is returning to the private sector after leaving his post on July 31.His exit is the fourth senior crypto departure from a
FalconX Cuts 10% Workforce Amid Crypto Market Downturn
FalconX cut about 10% of its global workforce amid a prolonged crypto market downturn.The company is revising its strategy in Singapore and plans to withdraw its application for a local license.Despite the layoffs, the broker said it intends to expand its regulated business in Europe.Digital asset b
Bitmine Holds 4.8% of Ethereum, Staking Could Generate $291M Annually
Over the last week, Bitmine Immersion Technologies, Inc., owned by Tom Lee, added 10,399 ETH. This has increased its total Ethereum [ETH] holdings to 5,797,813 ETH, which is approximately $10.9 billion in value. Additionally, the company owns 209 Bitcoin [BTC], $173 million in cash and marketable se
Hut 8 Completes Commercialization of Its First GW-Level AI Data Center and Signs $26.6B IT Lease
According to PR Newswire, Hut 8 Corp. released its second quarter 2026 financial results, commercializing its first gigawatt-scale AI data center campus, Beacon Point, and signing a second 352 MW IT lease agreement with a total contract value of approximately $26.6 billion, expected to generate annu
Trump Media Offers Premium Access to Posts, Faces Regulatory and Financial Risks
Trump Media & Technology Group is reportedly offering premium tiers that let paying subscribers see posts before everyone else, a feature that sounds an awful lot like selling a front-row seat to insider information.The timing is notable. TMTG is sitting on a Q1 2026 net loss of roughly $405.9 m...
US Treasury Secretary Supports Japan's Overseas Asset Accumulation Amid Yen Pressure
US Treasury Secretary Scott Bessent made it clear: Japan’s massive portfolio of overseas assets isn’t a problem Washington wants solved. His remarks, delivered alongside coordinated currency interventions with Tokyo, paint a picture of two economic powers locking arms at a moment when the yen is und
Solana Foundation Hires for Stablecoin, AI, and Institutional Growth Roles
Author: ChandlerZ, Foresight NewsThe mission of this role is to achieve step-change or breakthrough growth, not to drive natural or marginal growth.On the job description for the Head of Stablecoins position posted on the recruitment platform Ashby by the Solana Foundation on August 3, there is this
