Daily Summary2026-08-01
Stories clustered across sources, with day-to-day continuity and threading.
Coldcard Losses Reach $70M as the Advisory Expands to All Models and the Attacker Leaves a Paid-Account Trail
Galaxy Research mapped the Coldcard drain at 1,196 addresses emptied of 1,082.65 BTC, about $70.2 million, in a 41-minute window on July 30 — roughly double initial estimates. Coinkite expanded its advisory to affected firmware on all current models, reversing early analysis that cleared the Mk4, Mk5 and Q, and shipped emergency patches, with CEO Rodolfo Novak taking "full accountability" and suggesting the flaw may have been found using AI. Block engineers say the attacker used a paid account at an unnamed blockchain-services provider; authorities have been notified.
BNY Puts Fund Registers On-Chain
BNY launched a blockchain-based version of its transfer agency business — the function that keeps the official record of who owns a fund — which services about $8.6 trillion across 7.6 million investor accounts, per the Financial Times. Early users include Baillie Gifford, whose native UK-regulated tokenized bond fund uses the blockchain itself as the ownership register on public chains including Ethereum and Solana, with BlackRock and BNY's Dreyfus expected to follow. BNY's legacy systems continue in parallel.
Strategy's $8B Loss, First BTC Sales
Strategy posts an $8.22B unrealized Q2 loss, confirms its first bitcoin sales in four years (~$218M, to fund preferred dividends), pauses buying to build a $3.75B reserve, and gives STRC until September to recover toward par