⛏️ Bitcoin miners are capitulating—but the market is looking beyond mining
Bitcoin's hashrate has been declining for 287 consecutive days, while mining difficulty is down nearly 20% from its peak, marking one of the sharpest miner capitulations in the network's history. 📉
Despite the pressure on mining profitability, shares of public mining companies continue to rise.
Why? Investors are increasingly valuing these companies not just as Bitcoin miners, but as future AI infrastructure providers. With access to power, data centers, and high-performance hardware, many miners are pivoting toward AI and high-performance computing to diversify revenue.
🤖 The market is starting to price in a future where mining companies earn not only from Bitcoin, but also from the growing demand for AI computing.
Bitcoin's hashrate has been declining for 287 consecutive days, while mining difficulty is down nearly 20% from its peak, marking one of the sharpest miner capitulations in the network's history. 📉
Despite the pressure on mining profitability, shares of public mining companies continue to rise.
Why? Investors are increasingly valuing these companies not just as Bitcoin miners, but as future AI infrastructure providers. With access to power, data centers, and high-performance hardware, many miners are pivoting toward AI and high-performance computing to diversify revenue.
🤖 The market is starting to price in a future where mining companies earn not only from Bitcoin, but also from the growing demand for AI computing.
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🎯 BitGo CEO challenges Claude AI to hack a wallet holding 100 BTC
After Anthropic claimed that Claude had, in some tests, acted beyond its sandbox and gained unauthorized access to real systems, BitGo CEO Mike Belshe called for a real-world demonstration.
Belshe argued that either Anthropic's testing environments are poorly isolated—or the company is overstating Claude's capabilities. To put the claims to the test, he publicly funded a wallet with 100 BTC and challenged Claude to steal the funds.
👀 The wallet is public, so the crypto community can watch in real time to see whether anything happens.
After Anthropic claimed that Claude had, in some tests, acted beyond its sandbox and gained unauthorized access to real systems, BitGo CEO Mike Belshe called for a real-world demonstration.
Belshe argued that either Anthropic's testing environments are poorly isolated—or the company is overstating Claude's capabilities. To put the claims to the test, he publicly funded a wallet with 100 BTC and challenged Claude to steal the funds.
👀 The wallet is public, so the crypto community can watch in real time to see whether anything happens.
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📊 ICP tops all major blockchains by total transaction count
🔗 According to Chainspect, Internet Computer (ICP) has processed the highest number of transactions among leading blockchain networks, reaching an impressive 296 billion since launch.
🏆 Top 3 by lifetime transaction count:
🥇 ICP — 296B
🥈 Solana — 119B
🥉 Hedera — 71.2B
The top 10 also includes Stellar, TRON, BNB Chain, Fogo, Polygon, BSV, and Base.
⚠️ Keep in mind that this metric reflects the total number of transactions processed since each network launched. It highlights network activity over time but doesn't necessarily indicate user adoption, value transferred, or ecosystem strength.
🔗 According to Chainspect, Internet Computer (ICP) has processed the highest number of transactions among leading blockchain networks, reaching an impressive 296 billion since launch.
🏆 Top 3 by lifetime transaction count:
🥇 ICP — 296B
🥈 Solana — 119B
🥉 Hedera — 71.2B
The top 10 also includes Stellar, TRON, BNB Chain, Fogo, Polygon, BSV, and Base.
⚠️ Keep in mind that this metric reflects the total number of transactions processed since each network launched. It highlights network activity over time but doesn't necessarily indicate user adoption, value transferred, or ecosystem strength.
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📉 Crypto social activity has fallen to multi-year lows
The number of posts about Bitcoin and Ethereum on X is now at one of its lowest levels in years. The last time sentiment and social engagement were this quiet was just before the 2021 bull market. 🤔
Historically, periods of low attention have often coincided with market bottoms, when interest fades before the next major move.
Of course, history doesn't always repeat itself. The bigger question is which crypto projects will survive long enough to benefit from the next bull cycle.
For long-term investors and airdrop hunters alike, this could be the time to focus on quality rather than hype. 👀
The number of posts about Bitcoin and Ethereum on X is now at one of its lowest levels in years. The last time sentiment and social engagement were this quiet was just before the 2021 bull market. 🤔
Historically, periods of low attention have often coincided with market bottoms, when interest fades before the next major move.
Of course, history doesn't always repeat itself. The bigger question is which crypto projects will survive long enough to benefit from the next bull cycle.
For long-term investors and airdrop hunters alike, this could be the time to focus on quality rather than hype. 👀
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Despite today’s announcement with orange dots, Strategy sold 1,638 BTC last week for $104M at an average price of $63,957 🙀
The proceeds will be used to pay dividends on STRC preferred shares and repurchase STRC while it trades below its $100 par value. Until STRC returns to $100, Strategy is unlikely to issue more of these shares, reducing one of its main funding sources for future BTC purchases.
The company still holds 842,138 BTC, acquired at an average cost of $75,419 per coin, plus $4B in cash.
📈 Interestingly, the market shrugged off the news. After the U.S. session opened, Bitcoin rebounded nearly 2%, fully recovering its earlier losses and showing that demand remains resilient despite Strategy's first notable BTC sale.
The proceeds will be used to pay dividends on STRC preferred shares and repurchase STRC while it trades below its $100 par value. Until STRC returns to $100, Strategy is unlikely to issue more of these shares, reducing one of its main funding sources for future BTC purchases.
The company still holds 842,138 BTC, acquired at an average cost of $75,419 per coin, plus $4B in cash.
📈 Interestingly, the market shrugged off the news. After the U.S. session opened, Bitcoin rebounded nearly 2%, fully recovering its earlier losses and showing that demand remains resilient despite Strategy's first notable BTC sale.
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Crypto soothsayer
Coldcard wallet exploit losses climb to $89M! 🙀 🚀 According to Galaxy Research, a third wave of attacks has targeted vulnerable Coldcard Mk3 hardware wallets, with hackers stealing another 208 BTC from around 1,900 addresses. In total, the exploit has now…
💀 A $130M hardware wallet exploit... traced with just $2 worth of AI
Losses from the Coldcard Mk3 vulnerability have now climbed to 2,000 BTC (≈$130M).
Dragonfly partner Haseeb Qureshi reported that he was able to identify the root cause of the vulnerability in the Coldcard code using an AI assistant in just 8 minutes, spending only about $2 in inference costs. He later repeated the analysis offline, confirming the bug in around 20 minutes.
The incident highlights how AI is dramatically lowering the barrier for auditing—and potentially exploiting—software vulnerabilities.
🔐 One takeaway remains unchanged: if you generated a seed on an affected Coldcard Mk3 firmware, move your funds immediately. And maybe... paper backups are starting to look cool again. 📝
Losses from the Coldcard Mk3 vulnerability have now climbed to 2,000 BTC (≈$130M).
Dragonfly partner Haseeb Qureshi reported that he was able to identify the root cause of the vulnerability in the Coldcard code using an AI assistant in just 8 minutes, spending only about $2 in inference costs. He later repeated the analysis offline, confirming the bug in around 20 minutes.
The incident highlights how AI is dramatically lowering the barrier for auditing—and potentially exploiting—software vulnerabilities.
🔐 One takeaway remains unchanged: if you generated a seed on an affected Coldcard Mk3 firmware, move your funds immediately. And maybe... paper backups are starting to look cool again. 📝
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🐂 Bitcoin sellers may be running out of steam
🔎 The on-chain Seller Exhaustion indicator has dropped to levels previously seen only near major market bottoms—around $3K in 2019, $16K in 2022, and $25K in 2023.
The signal suggests that most panic sellers have already exited, leaving fewer participants willing to sell BTC at current prices.
📈 What the market may need now is a strong positive catalyst. A major event—such as progress on the CLARITY Act or another bullish regulatory development—could tighten supply even further and trigger a sharp move higher if demand picks up.
While no indicator guarantees a reversal, seller exhaustion has historically appeared near important accumulation zones.
🔎 The on-chain Seller Exhaustion indicator has dropped to levels previously seen only near major market bottoms—around $3K in 2019, $16K in 2022, and $25K in 2023.
The signal suggests that most panic sellers have already exited, leaving fewer participants willing to sell BTC at current prices.
📈 What the market may need now is a strong positive catalyst. A major event—such as progress on the CLARITY Act or another bullish regulatory development—could tighten supply even further and trigger a sharp move higher if demand picks up.
While no indicator guarantees a reversal, seller exhaustion has historically appeared near important accumulation zones.
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🔐 How long would it take to crack your password?
🕵️♀️ Researchers tested password strength using a system equipped with 16 NVIDIA RTX 5090 GPUs, and the results are a good reminder to upgrade weak passwords.
📉 An 8-character password made up of only lowercase letters can be brute-forced in about two weeks.
🛡 An 8-character password using uppercase and lowercase letters, numbers, and special characters could take around 132 years to crack.
The biggest takeaway? Password length matters even more than complexity.
✅ Use passwords that are 12–16+ characters long.
✅ Mix uppercase, lowercase, numbers, and symbols.
✅ Always enable two-factor authentication (2FA).
A few extra characters can make the difference between a password that's cracked in days and one that would take centuries.
🕵️♀️ Researchers tested password strength using a system equipped with 16 NVIDIA RTX 5090 GPUs, and the results are a good reminder to upgrade weak passwords.
📉 An 8-character password made up of only lowercase letters can be brute-forced in about two weeks.
🛡 An 8-character password using uppercase and lowercase letters, numbers, and special characters could take around 132 years to crack.
The biggest takeaway? Password length matters even more than complexity.
✅ Use passwords that are 12–16+ characters long.
✅ Mix uppercase, lowercase, numbers, and symbols.
✅ Always enable two-factor authentication (2FA).
A few extra characters can make the difference between a password that's cracked in days and one that would take centuries.
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Crypto soothsayer
🇬🇧 🇨🇳 London Jails Chinese “Crypto Queen” — $6.3B in Bitcoin Seized! A 47-year-old Chinese woman, Zhimin Qian (aka Yadi Zhang), has been sentenced in London to 11 years and 8 months for fraud and money laundering — and had $6.3 billion in crypto confiscated.💰…
🕵️ On-chain detective uncovers 28,555 BTC potentially linked to a historic crypto fraud
Blockchain investigator Specter has identified 28,555 BTC (≈$1.8B) that may be connected to one of the largest alleged cryptocurrency fraud cases ever.
The investigation began after a dormant wallet moved 1,020 BTC following 8 years of inactivity. Tracing the funds led to addresses associated with Zhimin Qian, whose case previously resulted in the UK seizing 61,000 BTC.
Interestingly, the newly identified wallets have remained almost completely inactive since June 2021.
👀 It's still unclear whether these coins are controlled by the original owners, another custodian, or are already under law enforcement surveillance. For now, the massive stash remains one of the biggest dormant Bitcoin mysteries on-chain.
Blockchain investigator Specter has identified 28,555 BTC (≈$1.8B) that may be connected to one of the largest alleged cryptocurrency fraud cases ever.
The investigation began after a dormant wallet moved 1,020 BTC following 8 years of inactivity. Tracing the funds led to addresses associated with Zhimin Qian, whose case previously resulted in the UK seizing 61,000 BTC.
Interestingly, the newly identified wallets have remained almost completely inactive since June 2021.
👀 It's still unclear whether these coins are controlled by the original owners, another custodian, or are already under law enforcement surveillance. For now, the massive stash remains one of the biggest dormant Bitcoin mysteries on-chain.
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Crypto soothsayer
💀 A $130M hardware wallet exploit... traced with just $2 worth of AI Losses from the Coldcard Mk3 vulnerability have now climbed to 2,000 BTC (≈$130M). Dragonfly partner Haseeb Qureshi reported that he was able to identify the root cause of the vulnerability…
🚨 Coldcard Hack Sparks FTX-Style Bitcoin Panic
🔎 According to CryptoQuant, news of the Coldcard hack triggered a wave of Bitcoin withdrawals as users rushed to move their funds to other wallets.
On July 31, holders with balances of less than 1 BTC transferred 39,600 BTC—almost matching the 39,900 BTC moved during the panic following the FTX collapse in November 2022.
The data highlights how security incidents can quickly shake investor confidence, leading to large-scale self-custody movements even without a broader market crash. While the numbers resemble the FTX exodus, it's still too early to say whether this will have lasting market impact.
🔎 According to CryptoQuant, news of the Coldcard hack triggered a wave of Bitcoin withdrawals as users rushed to move their funds to other wallets.
On July 31, holders with balances of less than 1 BTC transferred 39,600 BTC—almost matching the 39,900 BTC moved during the panic following the FTX collapse in November 2022.
The data highlights how security incidents can quickly shake investor confidence, leading to large-scale self-custody movements even without a broader market crash. While the numbers resemble the FTX exodus, it's still too early to say whether this will have lasting market impact.
🇺🇸🇮🇷 US, Iran & Oman Reportedly Near New Ceasefire Deal
📰 According to Axios, the US, Iran, and Oman are close to finalizing a 60-day ceasefire agreement, with an official announcement reportedly expected today.
The proposed deal could include:
• Shared oversight of shipping through the Strait of Hormuz between Iran and Oman.
• A coordinated plan to clear naval mines from the waterway.
Despite the headlines, markets remain cautious. Similar ceasefire announcements have surfaced multiple times before, so traders are waiting for concrete implementation rather than reacting to promises. Bitcoin showed only a modest gain of around 0.9%, trading near $64.2K, reflecting the market’s muted response. 🤷
📰 According to Axios, the US, Iran, and Oman are close to finalizing a 60-day ceasefire agreement, with an official announcement reportedly expected today.
The proposed deal could include:
• Shared oversight of shipping through the Strait of Hormuz between Iran and Oman.
• A coordinated plan to clear naval mines from the waterway.
Despite the headlines, markets remain cautious. Similar ceasefire announcements have surfaced multiple times before, so traders are waiting for concrete implementation rather than reacting to promises. Bitcoin showed only a modest gain of around 0.9%, trading near $64.2K, reflecting the market’s muted response. 🤷
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🚨 Is Strategy selling Bitcoin again?
👀 Wallets linked to Strategy have transferred 1,030 BTC (worth approximately $66.1M) just two hours ago, sparking fresh speculation about whether the company is offloading part of its holdings.
The transfer follows previous similar movements, leading some traders to question if Michael Saylor's firm is preparing another sale. However, it's important to note that large wallet transfers do not necessarily indicate selling—they can also be internal wallet reorganizations, custody changes, or other operational moves.
For now, there is no confirmed evidence that Strategy has sold any BTC. Investors will be watching closely for on-chain activity or official statements to determine the purpose of these transfers. 📊
👀 Wallets linked to Strategy have transferred 1,030 BTC (worth approximately $66.1M) just two hours ago, sparking fresh speculation about whether the company is offloading part of its holdings.
The transfer follows previous similar movements, leading some traders to question if Michael Saylor's firm is preparing another sale. However, it's important to note that large wallet transfers do not necessarily indicate selling—they can also be internal wallet reorganizations, custody changes, or other operational moves.
For now, there is no confirmed evidence that Strategy has sold any BTC. Investors will be watching closely for on-chain activity or official statements to determine the purpose of these transfers. 📊
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📝 New Ethereum Proposal Could Reduce Staking Rewards
A new Ethereum proposal, EIP-8363, suggests limiting staking profitability if too much ETH becomes staked. 👀
Under the proposal, once the share of staked ETH approaches 50% of the total supply, a portion of validator rewards would be burned instead of distributed. The goal is to discourage excessive staking, preserve network balance, and reduce inflationary pressure. 🤔
However, critics argue the change could make Ethereum staking less attractive for large investors, potentially pushing capital toward competing blockchains that offer higher staking yields.
The proposal is still under discussion and has not been adopted.
A new Ethereum proposal, EIP-8363, suggests limiting staking profitability if too much ETH becomes staked. 👀
Under the proposal, once the share of staked ETH approaches 50% of the total supply, a portion of validator rewards would be burned instead of distributed. The goal is to discourage excessive staking, preserve network balance, and reduce inflationary pressure. 🤔
However, critics argue the change could make Ethereum staking less attractive for large investors, potentially pushing capital toward competing blockchains that offer higher staking yields.
The proposal is still under discussion and has not been adopted.
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📈 Hyperliquid Dominates the Perp DEX Market
Hyperliquid recorded an impressive $218B in perpetual futures trading volume in July, outperforming the combined $189B traded across the next seven largest perpetual DEXs.
The milestone highlights Hyperliquid’s growing dominance in decentralized derivatives, driven by deep liquidity, fast execution, and increasing trader adoption. With volume exceeding all major competitors combined, the platform continues to strengthen its position as the leading on-chain perpetual exchange. 📊
Hyperliquid recorded an impressive $218B in perpetual futures trading volume in July, outperforming the combined $189B traded across the next seven largest perpetual DEXs.
The milestone highlights Hyperliquid’s growing dominance in decentralized derivatives, driven by deep liquidity, fast execution, and increasing trader adoption. With volume exceeding all major competitors combined, the platform continues to strengthen its position as the leading on-chain perpetual exchange. 📊
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⚠️ Researchers Uncover Hundreds of Vulnerabilities Across the Bitcoin Ecosystem
🕵️ A team of 16 security researchers conducted an independent audit of key Bitcoin infrastructure, including wallets, developer tools, and other ecosystem projects.
In just 30 hours, they identified more than 700 critical vulnerabilities across 390 projects. Rather than disclosing the flaws publicly, the researchers are responsibly reporting them directly to project teams so they can be fixed before being exploited.
The initiative aims to strengthen the security of the Bitcoin ecosystem and help prevent incidents similar to the recent Coldcard vulnerability. It also highlights the importance of regular security audits as Bitcoin infrastructure continues to grow. 🔒
🕵️ A team of 16 security researchers conducted an independent audit of key Bitcoin infrastructure, including wallets, developer tools, and other ecosystem projects.
In just 30 hours, they identified more than 700 critical vulnerabilities across 390 projects. Rather than disclosing the flaws publicly, the researchers are responsibly reporting them directly to project teams so they can be fixed before being exploited.
The initiative aims to strengthen the security of the Bitcoin ecosystem and help prevent incidents similar to the recent Coldcard vulnerability. It also highlights the importance of regular security audits as Bitcoin infrastructure continues to grow. 🔒
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💵 Tron Processes $4.76 Trillion in Stablecoin Transfers in 2026
🔗 The Tron blockchain recorded an impressive $4.76 trillion in stablecoin transaction volume during the first seven months of 2026, underscoring its dominant role in the stablecoin ecosystem.
This translates to an average monthly transfer volume of approximately $680 billion, highlighting the network's massive on-chain activity and growing adoption for fast, low-cost stablecoin payments.
The figures reinforce Tron's position as one of the leading blockchains for stablecoin settlements, driven by strong demand from both retail users and institutional participants. 🚀
🔗 The Tron blockchain recorded an impressive $4.76 trillion in stablecoin transaction volume during the first seven months of 2026, underscoring its dominant role in the stablecoin ecosystem.
This translates to an average monthly transfer volume of approximately $680 billion, highlighting the network's massive on-chain activity and growing adoption for fast, low-cost stablecoin payments.
The figures reinforce Tron's position as one of the leading blockchains for stablecoin settlements, driven by strong demand from both retail users and institutional participants. 🚀
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📊 Ethereum Staking Demand Mirrors the 2023 Setup
The number of users staking ETH is showing a pattern similar to 2023, just before Ethereum surged from $1,600 to nearly $4,900. 🤔
Some analysts believe that if history repeats itself, Ethereum could be setting up for another parabolic rally. However, they also warn that the market may experience one final shakeout, with ETH potentially dropping below $1,700 before any major upward move.
While historical patterns don't guarantee future performance, growing staking participation is often viewed as a bullish long-term signal, as it reduces the liquid supply of ETH and reflects increasing confidence from investors. 🚀📈
The number of users staking ETH is showing a pattern similar to 2023, just before Ethereum surged from $1,600 to nearly $4,900. 🤔
Some analysts believe that if history repeats itself, Ethereum could be setting up for another parabolic rally. However, they also warn that the market may experience one final shakeout, with ETH potentially dropping below $1,700 before any major upward move.
While historical patterns don't guarantee future performance, growing staking participation is often viewed as a bullish long-term signal, as it reduces the liquid supply of ETH and reflects increasing confidence from investors. 🚀📈
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📈 Tokenized Stocks Are Reshaping Trading
📝 A recent DeFiLlama study reveals that 51% of all tokenized stock trading now takes place outside regular U.S. market hours, highlighting growing demand for 24/7 market access instead of waiting for Wall Street to open.
Key findings:
🔹 Binance accounts for 69% of tokenized stock trading volume during U.S. market hours.
🔹 Its share rises to 82% after hours.
🔹 On weekends, Binance dominates with 94.4% of trading volume across major platforms.
This growth is driven by bStocks—tokenized stocks backed 1:1 by Binance Stocks positions and available on both Binance and BNB Chain.
As more traditional investors embrace tokenized equities, Binance is strengthening its position as the leading liquidity hub for this fast-growing market. 🚀
📝 A recent DeFiLlama study reveals that 51% of all tokenized stock trading now takes place outside regular U.S. market hours, highlighting growing demand for 24/7 market access instead of waiting for Wall Street to open.
Key findings:
🔹 Binance accounts for 69% of tokenized stock trading volume during U.S. market hours.
🔹 Its share rises to 82% after hours.
🔹 On weekends, Binance dominates with 94.4% of trading volume across major platforms.
This growth is driven by bStocks—tokenized stocks backed 1:1 by Binance Stocks positions and available on both Binance and BNB Chain.
As more traditional investors embrace tokenized equities, Binance is strengthening its position as the leading liquidity hub for this fast-growing market. 🚀
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