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Electrum Developers Apply Fix After Apple Update Bricks Bitcoin Wallets

Apple's most recent Mac update is causing major problems for one of Bitcoin’s oldest wallets.

Updated Sep 14, 2021, 10:32 a.m. Published Nov 18, 2020, 11:28 p.m.
Electrum bricked

After the most recent Mac update caused major problems for one of Bitcoin’s oldest wallets, its development team has rolled out a fix.

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Originally raised as an issue on Github, the Big Sur update is bricking MacOS Electrum clients, a bitcoin software wallet that is a favorite of power users because of its complex tooling and user controls. The Electrum team announced today that a new release fixes the issue.

“Currently, the latest release of Big Sur has completely broken Electrum [for Mac devices]. You can’t open the app or load any of your wallets,” one Electrum user, Nico, told CoinDesk.

The issue was opened on Electrum’s Github on Aug. 1, around the time Apple released Big Sur’s beta.

While the “root cause is still unknown,” Electrum developer SomberNight said in the Github issue page, it’s related to Big Sur’s treatment of Python, the coding language in which Electrum is written.

To work around the problem, Electrum users can run the software from source (that is, by manually compiling the source code) or they can bundle an older version of Python into their software. The Electrum team’s fix incorporates the latter solution.

For Bitcoin, Apple’s problems hit home

The snafu is the first case of Apple’s latest release disrupting the Bitcoin realm, but it’s not the first time the update has caused issues.

Upon the version 11.0 release last week, an error in Apple’s servers caused worldwide shutdowns of Mac hardware running the update. These servers process OCSP requests, or the data packets that verify user credentials for applications.

Mac users soon discovered the Big Sur update and the error were related. Big Sur sends OCSP requests for every online and offline application that a user opens, and if these requests fail then the computer fails, too.

This activity logging feature has been present since Apple’s Catilina update, but Big Sur makes it so Mac users can’t trick the feature with firewalls and VPNs as they once could.

These requests are transmitted unencrypted, raising privacy concerns over how this data may be intercepted and used by third parties. From the perspective of a Bitcoin user, this feature would broadcast every time a wallet, coin mixer or other Bitcoin-related service is used on his or her device.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante

Backpack CEO Armani Ferrante (CoinDesk)

The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.

What to know:

  • Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
  • Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
  • fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.