Monthly archives: August 2026

Bitcoin Bridge Halts All Swaps Indefinitely After AI Tools Outpace Security Fixes

The non-custodial Bitcoin (BTC) bridge Boltz has suspended its swap services indefinitely. The service connecting Bitcoin’s main chain with the Lightning Network and Liquid sidechain stopped operations after months of AI-assisted exploits outstripped the bootstrapped team’s ability to develop and deploy patches. “Update: Boltz will stay disabled until further notice. Our API remains available to …

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Crypto whales accumulate as bear market nears late stage: CryptoQuant

Bitcoin, Ethereum and XRP whales increased balances during market weakness, as CryptoQuant said large holders are absorbing supply ahead of a possible bottom. Large cryptocurrency holders are accumulating Bitcoin (BTC) and Ether (ETH) as valuations approach levels associated with the final stage of a bear market, according to CryptoQuant. Rising whale balances during price weakness …

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Do the Coldcard attacks mean all hardware wallets are now insecure?

The Coldcard entropy flaw caused a crisis of confidence in hardware wallets. Here’s the details you need to know before you entrust Ledger, Trezor or Foundation with your Bitcoin. Just when you thought crypto market morale couldn’t sink any lower, along comes the Coldcard entropy bug to prove you wrong. The discovery of a flaw …

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Galaxy reports $85M net loss amid Q2 crypto market slump

Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates. Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period. That resulted in a $0.09 loss per share posted on …

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OpenAI Paying $3,200,000 In DOJ Settlement Over Hiring Discrimination

OpenAI is handing over $3.2 million to settle federal allegations that it favored foreign workers on temporary visas ahead of American job seekers. The company and its subsidiary, Statsig Inc, reached the agreement with the Justice Department after investigators uncovered recruitment tactics that limited opportunities for US citizens, reports Politico. Officials allege that certain roles …

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Binance sues RedotPay over alleged $473 million user losses: Report

Binance-linked companies sued RedotPay, accusing it of diverting more than 470,000 Binance Card users under a commercial deal and seeking nearly $473 million in damages. Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging they diverted more than 470,000 users from Binance Card in breach of their commercial agreement. The …

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Circle Q2 revenue falls short of Wall Street estimates

Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million. Stablecoin issuer Circle reported $701 million in revenue for the second quarter of fiscal year 2026 on Wednesday, narrowly missing preliminary Wall Street estimates. Circle reported $701 million in total revenue and reserve income, up 7% year-over-year, according …

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Bitcoin ETFs log inflows as cold wallet hack reignites custody debate

US spot Bitcoin ETFs drew $382 million in two-day inflows, with Galaxy’s Bitcoin ETF returning to gains as the Coldcard incident renewed custody concerns. US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security. Spot Bitcoin ETFs recorded $211.5 million in net …

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S&P gives BlackRock tokenized reserve fund top stability rating

The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework. S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund. The ratings provider assigned an “AAAm” rating to the BlackRock Daily …

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Ethereum (ETH) Price: Whale Stakes 112,000 ETH Worth $208 Million

TLDR ETH is trading near $1,865.96, with a 24-hour volume of $7.53 billion and a market cap of $225.18 billion. Ethereum has held a bullish structure since June but remains stuck between $1,850 and $1,950. A wallet moved 19,000 ETH ($35.44 million) off Gemini and staked all of it. The same whale has pulled 112,000 …

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On-chain options close in on crypto’s $21B-a-day perp market to deepen liquidity everywhere

A Bitcoin holder who wants less downside exposure today usually sells the asset or shorts a perpetual futures contract, taking on funding costs and liquidation risk. On-chain options offer a third path consisting of paying a fixed premium, keeping the Bitcoin, and handing the crash risk to whoever is willing to price it. Crypto built …

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If Ethereum’s proposed 54% reward cut passes, DeFi’s favorite loop threatens to become a daily loss machine

A newly proposed Ethereum staking reward cut, outlined in Ethereum Improvement Proposal 8361 (EIP-8361), would lower validators’ yield from 2.6% to about 1.2%, a 54% reduction phased in over 18 months. The mechanism is a burn: validators lose a larger share of their consensus reward as the total amount of staked ETH climbs, and the …

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Coldcard’s $130 million crisis is pushing Bitcoin back into Wall Street’s hands

The Coldcard hardware wallet exploit has resulted in the theft of at least 1,596 BTC from about 7,300 addresses as users continue moving funds from potentially vulnerable wallets. Galaxy Research said the confirmed losses came from three major attack waves and 14 smaller incidents. The firm has also identified a possible fourth wave that could …

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After suffering a brutal $265 million mass exit, seven different Bitcoin ETFs simultaneously roar back to life

U.S. spot Bitcoin ETF inflows rebounded to $170.1 million on Aug. 3 after a $265.4 million net outflow in the previous trading session on July 31. Seven of the 12 listed funds attracted cash, while five were flat. BlackRock’s IBIT accounted for nearly two-thirds of the total. The Bitcoin ETF inflow rebound reached more funds …

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