Today's Crypto and Bitcoin News

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08-02

Coldcard Wallet Vulnerability Results in Over $88 Million in BTC Losses

Odaily Planet Daily reports: A vulnerability in the seed generation randomness of Coldcard wallets, manufactured by hardware wallet company Coinkite, has led threat actors to steal over 1,000 BTC in the past two days. According to Galaxy Research data, as of 5:36 p.m. Eastern Time on Saturday, the i

China Sets 'Red Lines' for Economic Model Ahead of EU, US Trade Talks

China isn’t just coming to the negotiating table. It’s arriving with a list of things it refuses to discuss, and that list is getting longer.Ahead of pivotal trade conversations with both the European Union and the United States, Beijing has laid out what it calls non-negotiable “red lines” covering

Big Tech's AI Infrastructure Spending Surpasses $170B in Q2 2026

The four largest cloud and AI companies just spent $170 billion on data centers in a single quarter. That’s up 72% from the same period last year.Amazon, Alphabet (Google’s parent), Meta, and Microsoft are in the middle of an infrastructure spending spree. Wall Street estimates now peg their combine

DeFi Platform Spark Shifts to Backend Infrastructure for Tech Giants Amid Stablecoin Fragmentation

The stablecoin market is fragmenting, and onchain capital allocator Spark is betting it can capitalize on the split.Fintechs, exchanges and banking groups are increasingly launching their own dollar-linked tokens. Each issuer wants to keep users, reserves and transaction activity inside its own netw

Cardano (ADA) Breaks Out as Whales Accumulate 240M Tokens

Cardano’s current move has the specific ingredients that separate a sustained recovery from a temporary bounce: whale accumulation at scale, a confirmed pattern breakout on the daily chart, and a clear measured move target backed by the pattern’s structure. Here is the full picture.ADA is trading at

The strategy maintains a 12% dividend rate for STRC as the price falls below its $100 par value.

According to Cointelegraph, Strategy announced it will maintain the dividend rate for STRC preferred shares at 12%, effective July 1. The STRC share price closed at approximately $89.46 on July 31, below its $100 par value. Strategy has launched five digital credit capital frameworks, including appr

Ethereum Eyes ETH/BTC Breakout Amid Altcoin Market Focus

ETH/BTC approaches long-standing channel resistance as traders watch for confirmation of renewed Ethereum relative strength.Bitcoin continued outperforming Ethereum during the latest session as ETH/BTC remained below a decisive technical resistance.A confirmed ETH/BTC breakout could increase attenti

COLDCARD RNG Vulnerability Renewed Attention to 2023 Dice Warning Video

Odaily Planet Daily reports that Bitcoin News posted on X stating that a 2023 video showed hardware wallet educator @YTCryptoGuide warning that the COLDCARD Mk4 allows users to generate a wallet using just a single dice roll, potentially leading users to create extremely weak seeds. He also warned t

AI Identifies Coldcard Vulnerability, Leading to $70M BTC Theft

Developers used Claude Code to scan the Coldcard open-source firmware and identified within 8 minutes that the firmware invoked a software pseudo-random number generator instead of a hardware true random number generator when generating private keys—a vulnerability that led to the theft of approxima

Bitcoin accumulates 890,000 BTC at $63,000, entering market warning zone

On-chain analyst Murphy noted that 890,000 BTC have accumulated at the $63,000 level; excluding the 550,000 BTC locked by Coinbase between $83,000 and $84,000, the accumulation at this level exceeds 1 million BTC, accounting for approximately 5% of the total circulating supply. Currently, the combin

Strategy Maintains 12% STRC Preferred Dividend Despite Trading Below Par

Strategy CEO Michael Saylor told investors that the preferred dividend tied to Strategy’s STRC shares will stay at 12% for August, despite STRC trading well below its $100 par value through July.In a Saturday post on X, Saylor framed STRC as an income-oriented vehicle that he says can help investors

Stablecoin Supply Drops $15 Billion Since May, Largest Fall Since Terra Collapse

The stablecoin market cracked this summer, shedding roughly $14.56 billion after new federal rules wiped out interest payments on digital dollars. Moves like this tend to flush out yield-driven capital first, leaving traders scrambling to reposition. Data collected by defillama.com over the past sev

Fun CEO Predicts On-Ramps and Bridges Will Be Replaced in a Year

Alex Fine, CEO of payments infrastructure startup Fun, has made a bold claim: the on-ramps and bridges that currently serve as tollbooths between traditional finance and crypto will be dead within a year. In their place, he envisions purpose-built “deposit” products that use behavioral data and chai

3 Crypto Projects with Growth Potential in Next Bull Cycle

XLM: Stellar benefits from expanding payment partnerships and growing stablecoin remittance adoption.ARB: Arbitrum rebounds with rising trading activity and continued Ethereum ecosystem expansion.ALGO: Algorand gains attention through quantum-safe security and enterprise-focused blockchain infrastru

AI Fund Collapse Highlights Leverage and Risk in Crypto and Tech Markets

At the end of July 2026, one of the most closely watched funds in global markets lost roughly three quarters of its assets in a matter of days. Situational Awareness, the artificial intelligence fund founded by former OpenAI researcher Leopold Aschenbrenner, was forced to sell its entire public equi

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