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Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2

The “sickening” loss of $90 million of Bitcoin from cold storage weighs heavily on sentiment, as the Clarity Act stalls with just five days left to hold a Senate vote.

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.

BNB Chain pursues legal action after ex-employee’s memecoin launch

BNB Chain said a former employee allegedly used a company tutorial wallet to create a memecoin that the blockchain ecosystem says it did not authorize or endorse.

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

Trump Media transferred another 2,628 Bitcoin to Crypto.com, bringing its reported sales over seven months to 7,281 BTC and leaving the company with 4,261 BTC in holdings.

Coldcard hack sparks biggest sub-1 BTC move since FTX: CryptoQuant

Bitcoin users moved 39,600 BTC in small transactions as the Coldcard hack continued, with researchers warning that the attack remained active.

Coldcard’s 5-year flaw reveals hardware wallet testing gap: Kraken’s security chief

The five-year bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called.

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.

BNB Chain pursues legal action after ex-employee’s memecoin launch

BNB Chain said a former employee allegedly used a company tutorial wallet to create a memecoin that the blockchain ecosystem says it did not authorize or endorse.

Onchain, in court: What happened in crypto legal news this week

A case tied to defunct crypto exchange FTX moves forward, a soldier seeks to dismiss over a Polymarket bet and a former congressman was ordered to pay $35,000 for manipulative trading.

Minnesota crypto ATM ban goes into effect after reported $1M losses

State officials reported that Minnesota residents, and largely senior citizens, had lost about $1 million from scams tied to crypto kiosks from 2023 to 2025.

Crypto PAC pours another $1M into Michigan House race

Michigan incumbent Shri Thanedar’s re-election bid against other Democratic candidates is getting more about crypto with an infusion of ads funded by an industry-aligned PAC.

Russia expands crypto mining ban to Moscow through 2032

Russia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions.

Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis

Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.

Bitcoin ETFs end July in the green despite late-month selling

Spot Bitcoin ETFs attracted $172.4 million in July inflows but remained $5.3 billion negative year to date after heavy withdrawals in May and June.

US senators sent revised ethics rules to White House for CLARITY Act: Report

The window to pass a comprehensive crypto market structure bill before the Senate breaks for a month-long recess is closing, with ethics a dividing issue for many lawmakers.

Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses

The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program.

World Cup generated $20B in blockchain prediction market volume: Chainalysis

The blockchain analytics firm said the World Cup attracted global participation in prediction markets and digital collectibles, with more than 400,000 wallets placing blockchain-based bets.

Coinbase Q2 profit misses estimates despite record crypto market share

The crypto exchange blamed softer spot trading and low volatility for the earnings miss while highlighting growth in derivatives, stablecoins and tokenized finance.

Telegram’s Pavel Durov responds to Russia’s terrorism designation

The Telegram founder said Russia designated him a terrorist after he refused government demands for mass surveillance and censorship on the messaging platform.

Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

The proposed legislation referenced US President Donald Trump’s disclosure of billions of dollars in crypto earnings in 2025, as well as his family’s business ties to foreign governments.

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