Ethereum outpaced Bitcoin in July as stronger investment-product demand and corporate accumulation powered its first sustained relative advance in months. Data from CryptoSlate shows that ETH gained 19% during the month, climbing as high as $1,970 before retreating to $1,868 as of press time. Bitcoin rose 8% over the same period but repeatedly failed to …
Monthly archives: August 2026
The sudden collapse of a $20 billion AI fund reveals why Bitcoin is the first thing Wall Street sells when margin calls hit
A $20 billion AI hedge fund gained 439% through June, lost roughly two-thirds of its value in July, and sold most of a $16 billion public-stock portfolio as leverage turned against it. The collapse offers a warning for Bitcoin: when Wall Street needs cash quickly, the first asset sold may not be the one that …
Coinkite Under Fire for Retaining Customer Emails After $88M Coldcard Hack
The company, which is facing issues with its Coldcard wallet, sent security notices to customers to warn them about the high risk of losing their bitcoin. Nonetheless, Rodolfo Novak, co-founder and CEO of Coinkite, had assured that the company retained customer data for just 90 days after a purchase. Coinkite Faces Criticism For Leveraging Customer …
Continue reading “Coinkite Under Fire for Retaining Customer Emails After $88M Coldcard Hack”
Stablecoin Supply Sheds $15 Billion in Biggest Drop Since Terra
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 seven days shows the stablecoin sector bled another $2.767 billion. Total stablecoin …
Continue reading “Stablecoin Supply Sheds $15 Billion in Biggest Drop Since Terra”
Bitcoin Drive Engaged: Saylor’s New Message Sparks Buy Speculation
Michael Saylor’s latest tracker post has revived expectations that Strategy could announce another bitcoin purchase on Monday. The signal follows recent treasury sales that reduced the company’s holdings to 843,775 BTC. Saylor’s ‘Bitcoin Drive’ Post Revives Buy Expectations Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor reignited speculation that the company will announce another bitcoin …
Continue reading “Bitcoin Drive Engaged: Saylor’s New Message Sparks Buy Speculation”
AI Stocks Trade Like Memecoins While Bitcoin Barely Moves – Week in Review
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. First, an important security warning. Coldcard users, pay …
Continue reading “AI Stocks Trade Like Memecoins While Bitcoin Barely Moves – Week in Review”
Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains
Hardware wallet users face sudden losses exceeding $70 million in Bitcoin (BTC) after a critical firmware flaw allows remote draining of funds. Attackers exploited weak randomness in seed phrase generation on affected Coldcard devices to reconstruct private keys without any physical access. According to CoinKite, the error caused some devices to generate recovery seeds using …
Strategy leaves preferred STRC dividend at 12% as price still below par
Investors have previously benefited from a payout boost when the preferred STRC shares traded well below their $100 par value for a month. While Strategy’s preferred STRC shares ended July well below their $100 par value, investors were told that their August dividend will not increase, holding at 12%. Executive chairman Michael Saylor delivered the …
Continue reading “Strategy leaves preferred STRC dividend at 12% as price still below par”
New Car Buyers Shoulder $1,000-Plus Monthly Payments That Sap Wealth Building
New car buyers face increasingly heavy monthly loan obligations exceeding $1,000. Data from the authoritative online automotive research and car-shopping platform Edmunds reveals that one in five Americans who bought a new vehicle in Q2 2026 is handing over $1,000 or more per month on their car loan, reports Moneywise. The average amount financed for …
Continue reading “New Car Buyers Shoulder $1,000-Plus Monthly Payments That Sap Wealth Building”
Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More – Weekly Recap
This week’s stories mixed Bitcoin history, U.S. regulation, new financial markets, DeFi consolidation, and geopolitical pressure. Satoshi Nakamoto’s famous “I don’t have time to try to convince you” line turned 16, while Scott Bessent demanded an immediate Senate vote on the CLARITY Act. CME Group unveiled sports index futures, Aave moved to exit six low-use …
Continue reading “Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More – Weekly Recap”
Seed Phrases: The 12 Words Standing Between You and Losing Everything
On Jan. 10, 2026, a bitcoin and litecoin holder handed over their 12-word recovery phrase to someone posing as Trezor support and watched $282 million vanish in minutes, not because any encryption was broken, but because those 12 words are the entire wallet, and whoever holds them holds the funds. The Words Aren’t a Password. …
Continue reading “Seed Phrases: The 12 Words Standing Between You and Losing Everything”
Moscow Bitcoin Mining Ban Hits Data Centers Until 2032
The government of Russia has included the city of Moscow and other regions in a 2024 decree banning cryptocurrency mining activities from August 15 to December 31, 2032. The amendment also includes the Moscow region and some territories of the Kursk region. Russia Expands Cryptocurrency Ban Decree Reach, Includes Moscow and Moscow Region The Government …
Continue reading “Moscow Bitcoin Mining Ban Hits Data Centers Until 2032”
Latam Insights: Stablecoins Dominate Brazil’s $14.68B Crypto Market as Argentina Pushes Programmable Money
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, crypto demand booms in Brazil, Argentina’s banking groups are building stablecoins, and the IMF calls for an overhaul of crypto regulation in Brazil. Stablecoins Eclipse Bitcoin in Brazil as Demand Hits $14.68B According …
USPS Mail Carrier Arrested After Stealing $2,600 Lottery Ticket Mailed in Florida
A United States Postal Service (USPS) mail carrier has been arrested after stealing a winning lottery ticket from the mail and cashing it in for herself. The ticket owner reported that a $2,600 Pick 4 winner purchased at a 7-Eleven in Tampa never reached its intended recipient, reports Gulf Coast News Now. Investigators from the …
Continue reading “USPS Mail Carrier Arrested After Stealing $2,600 Lottery Ticket Mailed in Florida”
North Carolina Nonprofit Loses Nearly $1,000,000 to Fake IT Purchases by Former Administrator
A former IT administrator at a North Carolina nonprofit healthcare provider has received a lengthy prison sentence after systematically stealing more than $941,000 through fraudulent equipment purchases. Robin Corey Rix was convicted of four counts of obtaining property by false pretenses involving more than $100,000 and one count of embezzlement of funds by public officers …