Source Pack

August 2 source pack.

External sources and internal reader routes behind today's update. Use this page to verify claims before sharing or acting.

External Sources

Today's source trail.

CoinDesk tech

Coldcard incident spreads to 4,585 addresses

Galaxy Research flagged a third sweep tied to weak Coldcard-generated keys, with observed losses near 1,367 BTC and smaller wallets now being drained.

Open source
CoinDesk markets

Coldcard fallout sends some bitcoin back to exchanges

CryptoQuant data showed a spike in smaller bitcoin deposits to exchanges as holders sought a temporary safety route after the hardware-wallet incident.

Open source
The Block business

Trump Media says $165M bitcoin move was not a sale

The Block reported that wallets linked to Trump Media moved 2,628 BTC to Crypto.com, while the company said the transfer was custody-related rather than a sale.

Open source
CoinDesk policy

SEC reviews Nasdaq bitcoin options after CME challenge

The SEC paused Nasdaq's QBTC approval while it reviews CME's argument that bitcoin-linked options belong under CFTC jurisdiction.

Open source
CoinDesk Daybook

$60K bitcoin put becomes the top August hedge

Deribit positioning shifted from upside calls toward the $60K put after July's rally and a failed post-Fed push toward $70K-$72K.

Open source
CoinDesk markets

Bitcoin holds July gain but faces a choppy August

Analysts said forced-selling pressure was already reduced, but jobs data, rate expectations, and ETF-flow follow-through remain key for August.

Open source
CoinDesk finance

Crypto exchanges bring Wall Street exposure into perps

CoinDesk reported that crypto venues processed $1.32T of perpetual futures tied to traditional assets in the first five months of 2026.

Open source
CoinDesk tech

Crypto payments move toward invisible funding flows

Fun CEO Alex Fine argued that standalone on-ramps and bridges will fade as applications embed funding, settlement, and withdrawals directly.

Open source
CoinDesk markets

Tokenized stock volume jumped but depended on one QQQ token

July tokenized-stock volume hit $11.3B, but one Binance-linked QQQ token drove most activity; excluding it, market volume fell versus June.

Open source
CoinDesk finance

Bank of Italy questions stablecoin remittance savings

A mystery-shopping study found stablecoin remittance costs varied widely once exchange fees, FX spreads, and local rails were included.

Open source
CoinDesk finance

Tether posts $1.5B profit as reserve buffer halves

Tether reported Q2 operating profit and larger gold and bitcoin reserves, while excess reserves fell to $4.11B from more than $8B.

Open source
CoinDesk tech

Solana CISO warns AI makes crypto scams more convincing

Michael Coates said AI-enabled social engineering, fake identities, and compromised credentials are becoming core blockchain-security concerns.

Open source