Latest Crypto News

Tech

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.

Hacker facing screens with lines of code (Boitumelo/Unsplash)

Markets

Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.

A pair of hands resting on a keyboard with an iPad showing graphs and price quotes. (Kanchanara/Unsplash)

Finance

Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances

A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.

(NASA/Unsplash)

Policy

SEC to review Nasdaq bitcoin options approval after CME challenge

CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.

(Nikhilesh De/CoinDesk)
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Tech

Solana Foundation's new CISO warns AI is making crypto scams more convincing

Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns.

Cyber crime (satheeshsankaran/Pixabay, modified by CoinDesk)

Opinion

Everyone has the perps convergence backwards

Crypto is said to be growing up to look like Wall Street. The evidence in its biggest market points the other way, argues Bitget CEO Gracy Chen.

Stock ticker (Getty Images/Torsten Asmus)

Markets

Binance founder CZ calls for wallet diversification after $70 million Coldcard exploit

Binance founder Changpeng Zhao says hardware wallets can still have bugs and suggests spreading funds across multiple wallets after the major Coldcard security failure.

Changpeng "CZ" Zhao (Nikhilesh De/Modified by CoinDesk)

Tech

XRP Ledger upgrade brings back features once pulled over critical bugs

The xrpld 3.3.0 release is expected next week with five proposed amendments, including two revised features that were previously withdrawn after researchers found bugs that could have allowed unauthorized transactions or fee draining.

Glasses in front of monitors with code (Kevin Ku/Unsplash)
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Tech

How bitcoin cold wallets lost $70 million in an attack that never touched the devices

Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without ever accessing the devices.

Bitcoin cold wallet Coldcard. (Coldcard/Coinkite)

Markets

Bitcoin holds monthly gain, faces 'choppy' August as 'forced-selling' exhausted, analysts say

The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom.

Bitcoin (BTC) price on July 31 (CoinDesk)

Finance

Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half

The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.

Close-up of stacked gold bars. (Jingming Pan/Unsplash)

Finance

The good and the bad of perps, according to crypto traders

Both retail and institutional traders worry about the funding rate.

A trader monitoring the stock market (Getty Images/miniseries)
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Finance

Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs

A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.

Coldcard flaw lets attacker drain $38 million in bitcoin from old wallets. (Coinkite)

Markets

Quantum computing nears commercial breakthrough, IBM CEO says

Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.

IBM CEO Arvind Krishna (Alex Wong/Getty Images)

Markets

Crypto faces 3 barriers to next bull run, STS Digital CEO says

Institutional options selling, AI and delayed U.S. crypto regulation are weighing on bitcoin, according to STS Digital CEO Maxime Seiler.

Trading screen. (Yashowardhan Singh/Unsplash)

Policy

Circle secures New York trust charter as crypto regulatory push accelerates

The approval lets the USDC issuer offer fiduciary and custody services under New York banking law.

New York City skyline (Michael Discenza/Unsplash)
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