Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2

CoinTelegraph·

Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2

60-second summary

A $90 million Bitcoin loss from cold storage due to a Coldcard exploit weighs heavily on sentiment, sparking a Bitcoin flight. The Clarity Act, which aims to regulate digital assets, stalls with only five days left for a Senate vote, potentially hindering crypto adoption and stability, casting a shadow over the industry's future prospects.

The “sickening” loss of $90 million of Bitcoin from cold storage weighs heavily on sentiment, as the Clarity Act stalls with just five days left to hold a Senate vote.