- Coldcard hack losses confirmed above $100 million, with 1,596 BTC stolen.
- Amazon market cap hits $3.05 trillion as Google overtakes Apple for No. 2.
- The Clarity Act stays stalled as White House doesn’t respond to ethics compromise.
Bitcoin traded near $63,824, up 1.45% over the past 24 hours, hovering close to its 200-week moving average near $63,700. Ethereum held around $1,866, up slightly. XRP traded near $1.07, up for the week, while Solana held near $73.70. BNB outperformed with a 4.65% weekly gain to $591.03.
Total crypto market capitalization stood at $2.18 trillion, up 1.1% over the past day, while 24-hour liquidations more than doubled to $224.06 million, up 117.26%. The Fear & Greed Index read 37, still in “fear” territory, while the Altcoin Season Index held at 50.
Bitcoin Squeezed in Between
Analysts flagged that Bitcoin is trading almost directly on its 200-week moving average near $63,700, while long-term resistance continues falling toward $69,000, compressing the range Bitcoin has traded in for weeks.
On-chain indicators like MVRV are approaching levels typically seen near major bottoms but haven’t fully reset. Historically, Bitcoin has closed every previous midterm-election August in the red, though traders note a clean break above $69,000 could reignite momentum, with some pointing to a potential move above $100,000 if the range finally resolves upward.
Trending Searches
Cash Cat surged 61.8% over 24 hours to lead trending searches, followed by Cardano, up 5.3%, while Gram (formerly Toncoin) slipped 1.0%. The spread reflects continued rotation into smaller speculative names even as majors traded in a narrow range.
Coldcard Losses Confirmed Above $100 Million
Galaxy Research confirmed the Coldcard hardware wallet incident has resulted in losses exceeding $100 million, with 1,596 BTC confirmed stolen and potential losses rising to $130 million.
Dragonfly’s Haseeb Qureshi added that the underlying vulnerability may have cost as little as $2 to discover using AI tools, with Claude finding the flaw in 8 minutes and GLM reproducing it in 20, underscoring how cheaply AI can now surface security flaws in under-resourced products.
Wallet provider Nunchuk urged multisig users with Coldcard-generated keys at or above their signing threshold to migrate funds immediately, while several dormant whale wallets, including one holding 500 BTC untouched for 12.7 years, moved funds in what analysts suspect was precautionary migration tied to the incident.
Big Tech Earnings Reshuffle Market Cap Rankings
Amazon shares jumped over 4%, pushing its market cap to a record $3.05 trillion after AWS cloud revenue growth hit an 18-quarter high and the company raised its 2026 capex guidance. Google’s total market cap climbed to $4.51 trillion, overtaking Apple ($4.48 trillion) to become the world’s second most valuable company behind Nvidia’s $4.81 trillion.
Institutional Crypto Infrastructure Expands
BlackRock launched two tokenized money market funds, BSTBL on Ethereum via BNY Mellon and BRSRV via Securitize, extending its nearly $1.1 trillion cash management business into blockchain rails.
Mastercard completed its acquisition of stablecoin infrastructure firm BVNK, while Franklin Templeton became a super validator on the Canton Network. BitMine staked another 150,120 ETH worth roughly $280 million, bringing its total staked position to 5.07 million ETH generating an estimated $250 million in annual yield.
Clarity Act Remains Stalled
The White House has not responded to a new compromise ethics proposal from Senators Tillis and Gallego, leaving the bill’s central sticking point unresolved ahead of the August recess. Treasury digital asset policy advisor Tyler Williams departed his post last Friday, a move Secretary Bessent acknowledged came as the legislation remains deadlocked in Congress.
Related: Former Barclays CEO: The CLARITY Act ‘Is Really Good for the Banks
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