The biggest story of the week was the ongoing Coldcard attack. Across four waves, attackers drained roughly 1,816 BTC (about $114M) from more than 5,200 addresses since July 30. Bitcoin traded lower over the week, falling from around $65K to $62.7K. Meanwhile, Strategy sold another 1,638 BTC for approximately $105M, reducing its holdings to 842,138 BTC.

Prediction markets continued to expand, with Polymarket, Polymarket US and Kalshi reaching a combined $50.6B in July trading volume, up 7.7% month over month. BitGo launched BitGo Link, enabling institutional clients to connect exchange accounts from platforms including Crypto Com, Kraken and Coinbase to its custody platform. Robinhood secured UK crypto registration ahead of the country's new regulatory regime, while Coinbase shares dropped to their lowest level in roughly two and a half years following weaker-than-expected Q2 earnings before recovering some losses.

On the regulatory front, Japan and the U.S. confirmed they jointly intervened to stabilize the yen after it hit a 40-year low. Bernstein lowered the odds of the Clarity Act passing in 2026 but expects the SEC and CFTC to accelerate crypto rulemaking under Project Crypto if the legislation fails. Meanwhile, the SEC delayed a decision on Nasdaq's proposed Bitcoin options while continuing its review of CME-related filings.

1) Stablecoin payment infrastructure protocol building an open, programmable clearing layer for payment markets, enabling complex payment obligations to be priced, matched, verified, and settled across multiple counterparties with greater capital efficiency.

2) Humanoid robotics infrastructure protocol building the intelligence and safety layer for autonomous robots, enabling real time autonomy orchestration, safety certification, cross embodiment skill transfer, and verifiable onchain audit trails.

3) Robotics company building one of the world's most advanced full stack humanoid robots, designed to augment labor in warehouses, factories, and logistics operations. The robots combine proprietary hardware with AI powered autonomy, enabling them to perform real world industrial tasks and learn from human demonstrations.

4) Prediction market infrastructure protocol building the credit layer for event driven markets, enabling margin trading and lending on platforms like Polymarket. Through a proprietary risk engine that prices lender shortfall upfront, it enables scalable leverage and lending without relying on traditional liquidation models.

Bitcoin is testing the $62,000 level, which continues to act as the lower boundary of its recent trading range.

• Price remains range bound between $62K and $66K, with buyers defending support but lacking momentum for a breakout

• Open interest has climbed back above 110K BTC, suggesting traders are positioning for a larger move

• RSI sits around 41, indicating weak momentum but not yet oversold conditions

• CVD remains mixed across exchanges, reflecting continued two way flow rather than aggressive buying or selling

The next directional move is likely to be driven by macro developments. Markets remain highly sensitive to headlines surrounding U.S. Iran tensions and volatility in the Japanese yen, making these key catalysts to monitor.

Total Market Cap: 2.15T
BTC Dominance: 58.2%
Fear and Greed Index: 28 (Fear)

• Coldcard wallet losses near $114M as small Bitcoin transfers spike

• Strategy sells another 1,638 BTC for $105M

• BitMine buys more ETH and expands stock buyback program

• Polymarket, Polymarket US and Kalshi volumes hit $50.6B in July

• Coinbase Q2 miss divides Wall Street analysts

• BitGo launches BitGo Link for institutional exchange connectivity

• BlackRock expands tokenized cash offerings

• Tether's excess reserves fall by more than $4B after weaker Q2 results

• Uniswap and Morpho introduce Gauntlet-managed yield vaults

• South Korea's Bithumb targets IPO by 2028

• Bernstein: Clarity Act failure could accelerate SEC and CFTC crypto rulemaking

• Robinhood secures UK crypto registration ahead of new regulatory regime

• U.S. and Japan confirm joint intervention to support the yen

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