Bitkey says it fixed a researcher-reported vulnerability and that customer funds were never at risk. The details are still thin, but the takeaway is clear: a flaw was found and patched, not a wallet-draining disaster.
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The CLARITY Act is still alive, but its path through the Senate is getting jammed up by procedural hurdles and an ethics fight that’s eating the clock. With cloture requiring 60 votes and the calendar tightening fast, supporters may run out of runway this year.
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A flaw in certain Coldcard firmware versions reportedly let weak seed phrases slip through, and the fallout is ugly: more than 1,367 BTC has been drained from thousands of addresses. Updating firmware helps going forward — but old vulnerable seeds are still fair game.
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Bitcoin remains stuck in a bearish lean to start August, while Cardano posts the strongest bounce in a mixed crypto market. XRP stays under stacked resistance, SOL is only stabilizing, and the bigger message is clear: this looks more like a shaky recovery attempt than a confirmed trend change.
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Cardano is drawing fresh attention as the Leios scaling upgrade nears testnet, whale wallets load up on ADA, and an August 2026 ETF milestone enters the frame. The setup looks bullish on paper, but weak DeFi activity still leaves plenty of room for skepticism.
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CLARITY Act 2025 is Congress’s latest attempt to sort U.S. crypto oversight by separating SEC and CFTC roles, defining digital assets more clearly, and setting rules for stablecoins, exchanges, and DeFi. It could finally bring clarity — or just a shinier mess.
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Bitcoin’s BIP-110 fight is looking less like miner consensus and more like a governance soap opera, with support stuck around 2.5% and Michael Saylor calling lock-in “mathematically unreachable.” The clash is really over Bitcoin’s purpose, data limits, and who gets to steer the protocol.
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Bitcoin self-custody is reportedly down to 49%, as ETFs, ETPs, and corporate treasuries pull more BTC into custodial hands. The shift may boost adoption and access, but it also raises the same old question: convenience and sovereignty can’t both win.
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A Coldcard seed-generation flaw may have helped drain an estimated 1,367 BTC, worth about $88.6 million, across thousands of addresses. Users are being urged to create fresh seeds and move funds, since a firmware update won’t fix an already compromised wallet.
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Trump Media’s new Truth API is selling institutional access to Truth Social posts — including Donald Trump’s — and that has lawmakers asking whether Wall Street is getting a paid timing edge. Legal? Maybe. Fair? That’s a far uglier question.
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