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Crypto-related hacking incidents caused $210.3 million in losses across 30 cases in July, up 177% from June’s $75.87 million. Major hacking cases in July were as follows: - Coldcard Wallet: around $70 million lost in what was the third-largest incident this year after wallet security was compromised - AFX: around $24 million lost in an attack exploiting a vulnerability in the Arbitrum-based protocol - Ostium: around $24 million lost in an exploit targeting the decentralized derivatives platform - Bonk: around $21.2 million lost in a hack involving a memecoin-related system - Wanchain Bridge: around $13 million lost in a cross-chain bridge attack - TripleA: around $10 million lost after its payment gateway system was compromised - Bonzo Land: around $9.05 million lost in an attack exploiting a lending protocol vulnerability - Verus Coin: around $7.5 million lost in a hack targeting its Ethereum-connected bridge - WEMIX, Wemade’s in-game cryptocurrency: around $6.25 million lost in asset theft from its blockchain ecosystem - Summer.fi: around $6 million lost in an exploit targeting the DeFi platform

Two newly created wallets accumulated a combined 18,914.13 ETH worth about $35.2 million over the past 10 hours at an average price of $1,861, BlockBeats reported. The media outlet said FalconX-linked transactions appeared similar to moves by ETH treasury company Bitmine, but noted Bitmine had not previously bought holdings through Coinbase and suggested the activity may have come from another institutional trade.

Bitcoin has posted an average August return of 1.12% since 2013, closing the month lower nine times and higher four times. The median return for the month stands at -7.49%. Bitcoin’s biggest August gain on record was 65.32% in August 2017, while its steepest August decline was -18.67% in August 2015. BTC posted a 7.51% monthly return in July.

A CoinNess analysis, citing Investing.com data, found Strategy could theoretically liquidate as much as $5 billion worth of Bitcoin to fund reserves, dividends and share buybacks. According to the analysis, under Strategy’s capital management framework, the company could sell up to about $5 billion in BTC to build as much as $1.25 billion in U.S. dollar reserves, cover roughly $1.76 billion a year in preferred stock dividends and interest payments, and repurchase as much as $2 billion in common stock and digital credit securities. The media outlet added that Strategy has sold about $218.4 million worth of Bitcoin so far this year to pay preferred stock dividends. As of July 26, the company held 843,775 BTC purchased at an average price of $75,476.

Pons, the launchpad on Robinhood Chain, has officially launched its V2 version. According to previously disclosed information, the V2 version strengthens integration with Uniswap V4, allowing tokens issued on the platform to be paired directly not only with ETH but also with tokenized stocks.

Russia will ban cryptocurrency mining in Moscow, the Moscow region, and eight areas of the Kursk region from Aug. 15 through Dec. 31, 2032, according to Bits.media. The restrictions also cover residents engaged in related activities, including participation in mining pools, and apply to eight municipalities in the Kursk region as well as the city of Lgov. The decree was formally published after being signed by Russian Prime Minister Mikhail Mishustin. In April, the Moscow region’s energy ministry asked the central government to ban cryptocurrency mining. The region’s energy minister said power consumed by crypto mining in the Moscow region had exceeded 1 GW, while the activity was not having a positive impact on the local economy. Russia had already banned mining in multiple regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and southern Irkutsk, starting Jan. 1, 2025.

A new Minnesota state law banning the operation of cryptocurrency ATMs officially takes effect today, requiring crypto ATMs across the state to shut down by today and be physically removed from retail stores and other installation sites by the end of this year. At the time the bill was passed, Minnesota had around 350 licensed crypto ATMs operated by eight companies. Minnesota’s Department of Commerce said regulators investigated 134 complaints related to crypto ATMs between 2023 and 2025, with resident losses totaling nearly $1 million. Law enforcement authorities said the funds from those transactions were largely sent overseas, making them difficult to trace.

Strategy said the August Stretch Dividend Rate for its STRC preferred stock will remain at 12.00%.

Crypto in America host Eleanor Terrett said on social media that this weekend could be a pivotal waiting period for supporters of the Clarity Act as the White House reviews proposed revisions to the bill’s ethics provisions with state attorneys general.

U.S. CFTC sues to block New York state bid to shut down Kalshi

Whale Alert reported that 257,200,761 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $257 million.

Bitfinex said in a report that Bitcoin has continued to trade sideways above bear-market lows despite several headwinds, including rising expectations for interest rate hikes, higher bond yields and a sell-off in AI-related stocks, according to CoinDesk. The report said many had feared a steeper decline, but Bitcoin has remained range-bound, which it attributed to positioning. It added that the crypto market fell less than leveraged equity themes as capital tied to forced selling had already been exhausted. A large share of leveraged positions was liquidated in late June, the report said, limiting forced selling during the recent spike in volatility. Investors are now watching U.S. employment data and clearer Federal Reserve policy guidance, while also focusing on whether inflows into Bitcoin ETFs resume, it added.

Chainalysis said in a report that hackers behind the Coldcard incident prioritized wallets holding large balances, with about $30 million stolen in the first 10 minutes and funds drained from 500 wallets over the following 25 minutes.

Strategy founder Michael Saylor voiced support for the CLARITY bill, saying on X he backs bipartisan efforts to advance the legislation to build clear and sustainable rules, protect property rights, foster innovation and strengthen U.S. capital markets. Saylor added that Bitcoin will succeed regardless of whether the bill is enacted, but the U.S. needs greater clarity on crypto.

Losses tied to an attack exploiting a key-generation flaw in Coldcard hardware wallets have risen to more than $70 million, according to Galaxy Research. The Block reported about 1,000 BTC was drained from roughly 1,200 addresses in the attack.

A Normington Petts poll found 84% of Democratic voters in the U.S. hold negative views of candidates backed by the crypto industry, according to U.Today. The report said Democratic voters view crypto more negatively than oil companies, Wall Street banks, and data centers.

A paper posted on arXiv analyzed seven past large-scale Bitcoin liquidation events and found it is difficult to predict any individual crash in advance, according to CryptoSlate. The paper said no data on price, leverage, or order flow provided advance warning of the liquidation events. In six of the seven cases, lower volatility in market orders was commonly observed, but the researchers interpreted that only as a weak sign of markets turning quiet just before a sell-off and said it was insufficient as a reliable signal for predicting the timing of the next crash. On price action, five of the seven cases showed warning signs of slowing upward momentum, while the other two were triggered by sudden external events such as tariff shocks, with no such signals appearing. The paper added that while certain market patterns do recur before sharp Bitcoin declines, accurately forecasting the next liquidation-driven plunge using any single indicator remains very difficult. It also said conventional price- or leverage-based warning signals may offer little help when liquidation events are driven by unexpected external shocks such as macroeconomic news or policy announcements.

The three major U.S. stock indices closed higher today. - S&P 500: +0.70% - Nasdaq: +1.00% - Dow Jones: +0.53%

The U.S. Commodity Futures Trading Commission reached a settlement with former Rep. George Santos over allegations of market manipulation on Kalshi, The Block reported. Regulators had previously sued Santos, alleging he bet on whether he would attend the State of the Union address and manipulated the market outcome. Santos is known to have made more than $17,500 from the trade.

An address believed to be linked to Bitmine bought 10,460 ETH worth $19.48 million through FalconX, according to Onchain Lens.

Bitcoin’s hashrate has been in decline for about 287 days, while mining difficulty is down 19.9% from its record high, Bitcoin Magazine reported. The outlet said that despite Bitcoin falling about 46% over the past year, shares of some publicly listed miners have risen more than 430%. Bitcoin Magazine attributed the divergence to a strategic shift by mining companies toward allocating power and data center capacity to AI and high-performance computing, with the market increasingly viewing them as AI infrastructure companies rather than simply Bitcoin miners.

Grayscale Investments has sent a letter urging the Senate to hold a floor vote on the CLARITY Act before the August recess. The company said lawmakers and staff had spent months working through difficult issues tied to jurisdiction, investor protection and safeguards for developers, and said the resulting framework protects investors, prevents legitimate developers from exercising excessive authority, and provides the certainty Americans deserve. Grayscale added that after months of bipartisan work, the Senate is now ready to take up the CLARITY Act.

IBM CEO Arvind Krishna said quantum computing is moving beyond the research stage and nearing a commercial breakthrough capable of generating real revenue, CoinDesk reported. In an interview, Krishna said the technology is expected to make a meaningful contribution to IBM’s revenue and profit by 2028 or 2029. Krishna added the technology could create $1 trillion in economic value by the late 2030s and deliver performance far beyond conventional computers at a lower cost. IBM also announced in May plans to invest a combined $2 billion with the U.S. government to build a standalone quantum chip foundry.

Nasdaq-listed biopharmaceutical company Enlivex plans to raise up to $800 million to buy RAIN tokens and has proposed a measure that could significantly dilute shareholder stakes, according to CryptoSlate. The financing plan includes $400 million in investment and an additional $400 million option, with most of the proceeds earmarked for RAIN purchases and up to 5% allocated to drug development. If approved, the company’s outstanding share count could increase by as much as 951% from current levels. As of July 27, local time, Enlivex planned to hold a shareholder meeting within 60 days to seek approval. The media outlet said the plan was closer to a

Uniswap launches Earn feature for onchain deposits in USDC, USDT and ETH Uniswap has launched an Earn feature for its web app and wallet, allowing users to deposit USDC, USDT and ETH into onchain lending markets to generate interest income. The assets remain in users’ self-custody, and withdrawals are available at any time with no lockup or waiting period, according to the description.