Daily Crypto Roundup: Coldcard’s $38M Shock & Coinbase Crashes 12%

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A major Coldcard security exploit has reportedly resulted in nearly $38 million worth of Bitcoin being stolen, shaking confidence in hardware wallets and raising serious questions about whether self-custody is always the safest way to hold cryptocurrency.

Bitcoin is attempting to remain steady as the Bank of Japan holds interest rates at 1%, helping to keep the yen carry trade alive. However, rising bond yields, persistent inflation concerns and weaker risk appetite continue to place pressure on Bitcoin and the wider cryptocurrency market.

Coinbase stock has fallen 12% following a disappointing second-quarter revenue report, while Strategy has posted an $8.33 billion operating loss as the value of its enormous Bitcoin holdings declined.

We also examine whether the latest Shiba Inu price rally is already beginning to fade after SHIB failed to maintain its breakout momentum.

This week’s XRP giveaway winners:

Crypto Cowboy — 10 XRP
Andre Lengel — 10 XRP
LA Kings Ellen — 5 XRP
Moonhead — 5 XRP
Homeboy — 5 XRP
Eric Souliage — 5 XRP

This is not financial advice. Cryptocurrency trading involves a risk of loss.

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