Daily Summary2026-08-02
Stories clustered across sources, with day-to-day continuity and threading.
Coldcard Losses Hit $88.6M
Galaxy Research identified a third wave of Coldcard-linked sweeps, raising its estimate to 1,367.05 BTC — about $88.6 million — drained from 4,585 addresses across three waves, superseding its earlier $70.2 million figure. Nearly all stolen coins sit unspent in attacker addresses Galaxy is monitoring; whether one operator ran all three waves is unconfirmed. Exchanges recorded net inflows of 11,163 BTC on July 31, per Timechainindex, with River the largest recipient, as CZ urged holders to split funds across wallets.
BIP-110 Misses Its Threshold
BIP-110's 55% voluntary signaling becomes mathematically unreachable at 2.54% support, all from OCEAN — with the proposal's built-in mandatory phase, and a possible minority split, due within days
Tether Reports $1.5B Operating Profit as Its Reserve Buffer Halves and Line-Item Disclosure Disappears
Tether's Q2 attestation, prepared by BDO, reported $1.5 billion in net operating profit — a measure excluding unrealized losses — alongside excess reserves falling from a record $8.23 billion to $4.11 billion and a first-half comprehensive result of roughly negative $3.17 billion. Outlets calculated an implied Q2 hit above $4 billion, mostly from gold and bitcoin markdowns and partly unexplained. The report also dropped the per-asset dollar breakdowns earlier attestations included, while a KPMG audit is described as ongoing.