Strategy And BitMine Sit On Over $16B In Crypto Paper Losses As BTC And ETH Slide

Coldcard-linked Bitcoin thefts may have reached 2,055 BTC, worth approximately $132 million at current prices, as multiple attackers race to drain wallets generated with vulnerable firmware. Galaxy Research has high confidence that three major waves and 14 smaller incidents removed 1,596 BTC from roughly 7,300 addresses. A suspected fourth wave would lift the total to 2,055 BTC across more than 7,700 addresses, although Galaxy has not received enough victim reports to classify that group with the same confidence. At Least...

Strategy sold 1,638 BTC for $104.7 million between July 27 and August 2, completing its third disclosed Bitcoin sale of 2026 and reducing its holdings to 842,138 BTC. The sale was completed at an average price of $63,957 per coin. Strategy’s remaining Bitcoin was acquired for $63.51 billion at an average price of $75,419, leaving the company with more than 4% of Bitcoin’s maximum supply. Bitcoin Proceeds Fund Dividends And STRC Buybacks Strategy allocated $52.4 million from the latest Bitcoin...

Galaxy Research identified a third suspected attack wave involving Bitcoin addresses believed to have been generated by vulnerable Coldcard firmware. The latest wave drained 207.7294 BTC, lifting the estimated observed total to 1,367.05 BTC across 4,585 addresses. Galaxy valued the combined transfers at approximately $88.6 million when it published the update. Third Wave Uses Different Transaction Pattern The first two suspected waves followed similar onchain patterns, including a funnel structure that moved funds into a small group of shared collector...

Strategy has opened the door to roughly $5 billion in potential Bitcoin sales under a balance-sheet programme covering cash reserves, preferred dividends, debt interest and securities repurchases. The figure combines up to $1.25 billion for the USD reserve, approximately $1.76 billion in current annual dividend and interest obligations and as much as $2 billion across common and preferred-stock repurchase programmes. The BTC Monetization Program has no expiration date and does not require Strategy to sell any specific amount. Bitcoin Sales...

Wallets attributed to stablecoin payments firm Triple-A were drained of more than $9.7 million across TRON, Ethereum, Polygon and Arbitrum before the assets were routed to Ethereum. Onchain analyst Specter traced the multichain outflows and linked the affected wallets to Triple-A. The stolen assets were moved through cross-chain bridges and consolidated into 5,227 ETH at an Ethereum address beginning with 0x01F8 and ending with 53b1. The transfers converged on the address after funds moved out of wallets on all four...

A wallet tracked as belonging to BitMEX co-founder Arthur Hayes purchased 1,332.5 ETH worth about $2.53 million early Tuesday, extending a fresh accumulation run as ether traded near $1,900. Lookonchain flagged the purchase roughly three hours after the transaction. The implied acquisition price was about $1,899 per ETH. Hayes had not publicly confirmed the trade at publication. The same tracker recorded a 1,293 ETH purchase worth $2.48 million on July 15. The two transactions added 2,625.5 ETH for approximately $5.01...

BitMine Immersion Technologies repurchased approximately 5.5 million common shares over the past week as the company shifted capital away from its usual pace of Ethereum accumulation. The shares were acquired at an average price of $15.6156, implying a total outlay of roughly $85.9 million. The purchases were completed under BitMine’s previously authorized $4 billion share-repurchase program. Chairman Tom Lee called the repurchases accretive to shareholder value. BMNR traded near $15.97 on Monday, slightly above the average price paid by the...

BitMine Immersion Technologies acquired 27,801 ETH over the past week, lifting its total holdings to 5,770,038 ETH as of July 12. The position represents about 4.8% of Ethereum’s 120.7 million circulating supply, placing the company 96% of the way toward its stated goal of controlling 5% of all ETH. The latest treasury update valued the ETH position at roughly $10.5 billion using a reference price of $1,820. BitMine also held 206 BTC, $482 million in cash and marketable securities, a...

A funded crypto trading account gives a trader access to more notional capital after they prove they can follow a firm’s risk rules. The usual route starts with a paid crypto prop firm challenge that requires a profit target without breaching daily or overall loss limits. Passing is not only about making money. Drawdown control, minimum trading days and rule compliance determine whether the account survives. The evaluation fee can be lost, and crypto prop firms use different account models,...

Tokenized stock perps allow traders to take long or short exposure to companies, ETFs and equity indexes through crypto-native derivatives markets. Positions can use stablecoin collateral, remain open without an expiry date and continue trading when the main stock exchange is closed. The trader receives price exposure, not ownership of the referenced shares. The interface often looks identical to a crypto perpetual futures market. The risk does not. A stock-linked contract can remain active overnight, through weekends and during holidays...

Agentic trading is a form of market automation where an AI agent can analyze data, reason through a goal, use tools, prepare trades, and sometimes execute orders through an exchange API, wallet, smart account, broker connection, or onchain protocol. It moves the conversation beyond simple trading bots because the agent is not only following a fixed trigger. It can combine market data, user instructions, portfolio context, and approved tools before deciding what action fits the rules it has been given....

Crypto data aggregators turn scattered market information into one usable research layer. Instead of checking separate exchanges, DEX pools, block explorers, wallet dashboards, token pages, protocol analytics, and portfolio apps, users can compare price, market capitalization, trading volume, liquidity, supply, exchange pairs, contract addresses, DeFi activity, and on-chain movement from one place. Crypto markets are fragmented across venues, chains, and token versions, so the same asset can trade on centralized exchanges, several decentralized exchanges, multiple networks, and wrapped or bridged...

Three Binance-affiliated companies have sued RedotPay’s co-founders in Hong Kong, seeking $472.8 million over allegations that the payments firm diverted more than 470,000 Binance users to its competing stablecoin card network. Nest Trading Ltd., DistributedTechnologies Ltd. and Chaintecs Consulting Singapore Pte named Gao Zhangpeng, Chan Wa Choi and Yao Chao as defendants. The claims remain allegations and have not been tested in court. Lawsuit Targets RedotPay Card Top-Ups The Hong Kong petition alleges that the founders breached a commercial agreement...

Strategy reported an $8.22 billion net loss for the second quarter after Bitcoin’s decline generated a large unrealized loss across the company’s digital-asset holdings. The company recorded an $8.33 billion operating loss, including an $8.32 billion unrealized Bitcoin loss. Diluted losses reached $24.45 per common share, while net losses attributable to common shareholders totaled $8.62 billion after $400.7 million of preferred-stock dividends. Bitcoin Decline Reverses Strategy’s 2025 Gain Strategy’s second-quarter financial results marked a sharp reversal from the same period...

South Korea’s KOSPI surged about 15% to 6,376.68 by midday Friday, recovering a large portion of the losses recorded during a three-day semiconductor selloff. The index climbed as much as 16.8% to 6,531.71 earlier in the session before giving back part of the advance. Samsung Electronics rose about 21%, while SK Hynix gained 24.6%. Both stocks had climbed even further shortly after the opening bell, with Samsung reaching a 22.5% gain and SK Hynix advancing 27.7%. The rebound followed stronger...

South Korea’s KOSPI fell 8% on Wednesday, extending its July decline to roughly 35% as another wave of selling hit the country’s largest semiconductor stocks. The benchmark dropped to 5,547.77 by midday in Seoul, its lowest level since April. The Korea Exchange activated a market-wide circuit breaker at 12:33 p.m. after an earlier sell-side sidecar suspended programme trading for five minutes. The circuit breaker requires the index to remain down at least 8% for one minute and halts trading for...