Author: James Wilson

The Coldcard seed-generation failure has exposed about $116 million in Bitcoin to theft while renewing questions about how users verify the security of self-custody tools, according to TEXITcoin founder Bobby Gray. Summary Attackers have reportedly drained about 1,816 BTC worth $116 million from more than 5,200 addresses. A firmware error left some Coldcard seeds with about 40 bits of entropy instead of 128 bits. Gray said users who added independent dice-generated entropy were not affected by the reported attacks. Coinkite has released patched firmware, but existing vulnerable seeds require a complete wallet migration. Bobby Gray, founder of TEXITcoin, told crypto.news…

A new U.S. survey has found that 79% of prediction-market users lost money during the past year, while 51% used borrowed funds to place bets. Summary 79% of users reported losses, including 27% who lost more than $500. Among users who borrowed money, 88% reported losses, compared with 69% of non-borrowers. 53% joined for income-related reasons, nearly twice the share motivated by entertainment or curiosity. The online survey covered 1,000 U.S. adults, with results based on raw, unweighted responses. Prediction market losses rise among borrowers BadCredit.org surveyed 1,000 U.S. adults and found that 15% had used a platform such as…

The Intercept and Freedom of the Press Foundation have sued President Donald Trump over a Truth Social service charging up to $100,000 monthly for faster access to posts that may move U.S. financial markets. Summary Truth API subscriptions reportedly cost $60,000 to $100,000 per month. More than 10 customers, mainly high-frequency trading firms, have signed agreements. The lawsuit alleges violations of the First and Fifth Amendments. Trump’s revocable trust holds about 41% of Trump Media, a Nasdaq-listed company. Truth Social lawsuit targets preferential access The Intercept and Freedom of the Press Foundation filed the complaint Wednesday in the U.S. District…

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. Summary HashKey has joined HKDAP Beta Access as an authorized distribution partner. Eligible institutions and professional investors can access HKDAP through HashKey and supported channels. HashKey has completed its first HKDAP minting and redemption transaction with eligible clients. Anchorpoint plans to test HKDAP in payments, settlement, and tokenized finance. HashKey opens HKDAP access to eligible investors According to an Aug. 12 announcement from HashKey Exchange…

Hawaii has enacted an October 1 ban on cash-to-crypto kiosk transactions after the FBI recorded 92 related complaints and $3.85 million in adjusted losses among state residents in 2025. Summary Cash purchases of crypto at Hawaii kiosks will become illegal on Oct. 1, 2026. The FBI recorded 92 Hawaii kiosk complaints and $3.85 million in adjusted losses during 2025. Hawaii had 57 crypto ATMs across four islands as of Aug. 12. Operators may still offer crypto-to-cash and crypto-to-crypto transactions under the law. Hawaii’s enacted House Bill 1642, signed by Governor Josh Green on July 9 as Act 224, prohibits operators…

The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules. Summary Ten recommendations cover digital assets, capital markets, and cooperation between U.S. and UK regulators. A proposed one-year industry group would test cross-border uses for tokenized financial assets. Both governments want a pathway for regulated stablecoins to enter each other’s markets. Frank Hepworth said the recommendations produce very little immediate market impact without domestic rules. The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14, setting priorities for cooperation between…

Kalshi has opened its live order book to DoubleZero Edge subscribers, providing Level 1 and Level 2 data for sports contracts and crypto perpetual futures through a dedicated fiber network. Summary Kalshi has become the first prediction market to publish real-time order book data through DoubleZero Edge. The feed covers Level 1 and Level 2 data across sports and crypto perpetual markets. Kalshi will waive its publisher revenue share for one year, though subscribers must still pay network fees. DoubleZero plans to add historical Kalshi data in a later release without a stated launch date. Kalshi feed provides full order…

Norway’s sovereign wealth fund has earned a record 1.75 trillion kroner, or about $184.3 billion, in the first half of 2026 while disclosing a $1.22 billion investment in SpaceX for the first time. Summary Norway’s sovereign wealth fund generated a 9.4% return during the first six months of 2026. Asian technology stocks helped lift first-half profit to a record 1.75 trillion kroner. The fund owned a 0.05% SpaceX stake worth $1.22 billion as of June 30. Its 10 largest investments now account for about 20% of the total portfolio. Asian technology stocks drove the record profit Norges Bank Investment Management…

Goldman Sachs has agreed to acquire NEOS Investments for up to $2.25 billion, adding about $30 billion in assets and 19 options-based income ETFs to its asset management business. Summary Goldman Sachs will pay up to $2.25 billion through a cash-and-equity transaction. NEOS managed about $30 billion across 19 ETFs as of June 30. The purchase will lift Goldman’s ETF platform above $130 billion in assets. NEOS co-founders will join Goldman Sachs Asset Management as partners after closing. Goldman Sachs sets first-quarter 2027 closing target Goldman Sachs said in an Aug. 12 announcement that the final payment will depend on…

Pi Network price rose more than 5% toward $0.090 on Aug. 12 as the Protocol 26 deadline passed and softer U.S. inflation data supported speculative assets. Summary Pi Network price rose more than 5% before settling near $0.088 during the session. Protocol 26’s Aug. 11 deadline required Mainnet node operators to update or lose connectivity. PI remains above its 20-day moving average at $0.0853, but below the 50-day average. A breakout above $0.096–$0.10 could open a path toward $0.12 and potentially $0.15. Pi Network price action today According to data from crypto.news, Pi Network (PI) price climbed more than 5%…