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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/01/2026

Aug 1: Coldcard Hardware Wallet Exploit Drains $38M in Bitcoin

Tether Q2 Profit Falls to $1.5B as Reserve Buffer Drops by Half · Tether Adds 14 Metric Tons of Gold as Prices Slide · AMD Stock Surges 13% on AI Chip Demand, Approaches $500 Mark

Aug 1: Coldcard Hardware Wallet Exploit Drains $38M in Bitcoin

Market Snapshot

  • Bitcoin (BTC): $62,938.01 (-2.78% 24h)
  • Ethereum (ETH): $1,864.70 (-2.77% 24h)
  • Solana (SOL): $73.01 (-1.99% 24h)
  • Notable: Tether's USDT supply increased by $446M in Q2, reaching $184.6B.

Top Stories

Key Takeaways

  • Hardware wallet vulnerabilities can have systemic impacts, challenging the self-custody narrative.
  • Stablecoin sector faces a paradox: user growth continues even as reserve buffers shrink and asset volatility bites.
  • AI infrastructure stocks remain volatile, with sentiment swings driven by hyperscaler capex and analyst upgrades.
  • Asset diversification strategies (e.g., gold, bitcoin) can backfire in volatile markets, as seen in Tether's Q2 results.

What to Watch

All eyes will be on user migration patterns from self-custody wallets to custodial solutions or ETFs in the wake of the Coldcard exploit—any measurable ETF inflow spike could reshape industry custody norms. Tether's next moves, especially regarding reserve management and transparency, will be closely scrutinized as regulators and users digest the Q2 attestation. Finally, AMD's August 4 earnings report will test whether AI chip demand can sustain the stock's recent rally or if "AI bubble" concerns will prevail.