Author: John Smith

XRP traded near $1.05 on Aug. 6 after extending its decline for a fourth consecutive session, leaving the token close to the psychological $1 support level. Summary XRP traded near $1.05 after four consecutive daily declines kept sellers firmly in control Thursday. U.S. spot XRP ETFs recorded $3.58 million in net outflows during Wednesday’s trading session overall. Daily RSI remained below 40, while bearish MACD readings confirmed weak momentum across the market. A sustained break below $1 could expose $0.88, although that target remains unconfirmed and speculative. Buyers must reclaim $1.11 first, while $1.50 would provide stronger evidence of a…

Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region. Summary Bitcoin price rallied nearly 4% from its Aug. 3 low before meeting resistance around $65,000. The 4-hour chart places the upper Bollinger Band at $65,221, reinforcing near-term resistance. Liquidation clusters sit near $65,000–$65,500, with downside liquidity concentrated around $63,000. A confirmed breakout could expose $67,365 and $68,000, while losing $63,700 would weaken the setup. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) traded around $64,615 at the time of writing…

A single line of firmware shipped in March 2021 told every Coldcard hardware wallet to skip its dedicated randomness chip. For five years nobody noticed. Then an attacker brute-forced the weak seeds in 41 minutes, draining 1,816 BTC from more than 5,200 addresses across four attack waves. The incident is the largest hardware wallet exploit in crypto history, and it is forcing the entire bitcoin self-custody model to answer a question it has avoided since inception: who audits the code that generates your keys? Summary A build configuration error in Coldcard firmware version 4.0.1, shipped in March 2021, routed seed…

Fraudsters have begun impersonating European financial regulators and licensed crypto businesses to exploit customers moving funds after the European Union’s MiCA licensing deadline reshaped the regional crypto market. Summary European regulators have reported a rise in scams targeting crypto users after the MiCA licensing deadline. Fraudsters have posed as financial regulators and licensed crypto firms to steal customer assets. ESMA has warned that criminals are using its name, logo and fake documents to deceive users. More than 1,700 unlicensed crypto firms were expected to leave the EU market after MiCA took effect. Customers moving assets to authorized providers have become…

Mysten Labs cofounder and chief technology officer Sam Blackshear said on Aug. 6 that he is leaving the Sui developer to join Anthropic for defensive security research.  Summary Sam Blackshear is leaving Mysten Labs to join Anthropic for defensive security research involving AI. Evan Cheng will assume Mysten’s technical vision while continuing as the blockchain company’s chief executive. Blackshear plans to remain an adviser to Mysten Labs and developers across the Sui ecosystem. Move’s creator said a foundation is being developed and he intends to remain involved afterward. Anthropic is expanding defensive cyber research as frontier models improve software vulnerability…

Senator Cynthia Lummis is pressing the Senate to vote on the CLARITY Act before its August recess as bipartisan negotiations continue over several unresolved provisions. Summary Lummis said lawmakers are negotiating the bill daily as the Senate’s legislative window narrows. Talks remain focused on CFTC authority, ethics rules, illicit finance and stablecoin yield. The legislation needs 60 Senate votes to overcome the chamber’s cloture threshold. Senate records had not confirmed a CLARITY Act cloture filing, leaving the vote timing uncertain. Lummis says CLARITY Act talks continue daily Lummis said Senate negotiators were still working toward an agreement after nearly 11…

Lido DAO price rebounded more than 5% on Thursday as holders voted on the NEST automated buyback system, although concerns over Ethereum’s proposed staking changes kept LDO under pressure. Summary Lido DAO price rose 5.2% in 24 hours after briefly falling to $0.2757. The token remains down 16.7% over seven days but has gained about 5% monthly. Lido DAO’s NEST vote runs until Aug. 8 at 2:00 p.m. UTC. Ethereum’s proposed EIP-8361 raised concerns about Lido’s future staking revenue. Lido DAO price rebounds after 16% weekly decline According to data from crypto.news, Lido DAO (LDO) price traded near $0.293 at…

Most of the Bitcoin stolen through the COLDCARD wallet flaw remains unmoved, but on-chain investigators have detected a separate attacker beginning to route smaller amounts through a mixer. Summary The largest known COLDCARD attacker controls 1,159 BTC across seven addresses. None of the 1,159 BTC has entered mixers or been transferred to an identifiable cash-out service. A separate attacker sent 64 BTC toward a mixer, initially mixing about 10 BTC. Investigators have distributed roughly 600 flagged addresses to law enforcement, exchanges, and analytics firms. COLDCARD attacker leaves 1,159 BTC untouched Galaxy Research said the largest known theft connected to the…

Pi Network price gained more than 10% this week as rising volume, the Protocol 26 upgrade, and a new RoboPay integration improved short-term demand. Summary Pi Network price gained more than 10% this week, with trading volume rising 75% to $11.5 million. The token is testing resistance between $0.0882 and $0.0900 on the 4-hour chart. PI reclaimed its 20-day SMA at $0.08513, while Chaikin Money Flow turned positive. Protocol 26 requires Mainnet node operators to upgrade by Aug. 11 to remain connected. Pi Network price tests $0.09 resistance According to data from crypto.news, Pi Network (PI) price traded near $0.0872…

The CLARITY Act missed a key procedural opening after Senate Majority Leader John Thune filed cloture on several other measures while bipartisan negotiations over the crypto bill continued. Summary Thune did not file cloture on the CLARITY Act, narrowing its pre-recess path. The Senate instead prioritized spending legislation, nominations and a college sports bill. Disputes over ethics provisions and stablecoin rewards reportedly remain unresolved. Kalshi traders put passage before July 1, 2027, at 41%. CLARITY Act left out of Senate cloture filings On Wednesday, Senate Majority Leader John Thune filed cloture on the motion to proceed to S. 4668, the…