Crypto Market Round Up: August 3 2026

Chang.K·Aug 3, 2026·3 min read

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Coldcard firmware flaw leads to $89M Bitcoin theft as the Fed splits 9-3 and Coinbase posts a third straight quarterly miss.

A hardware wallet exploit, a fractured Fed, and one of crypto's biggest exchanges posting its third consecutive miss defined this week.

↳ A 2021 firmware flaw in Coldcard drained $89M in $BTC from 4,585 wallets across three attack waves. Coinkite pushed emergency firmware but affected seeds remain compromised.

↳ The Fed held rates at 3.5–3.75% in a 9-3 split, with three members voting to hike. First same-direction triple dissent since 2016.

↳ Coinbase reported a $359M Q2 net loss on $1.22B revenue, missing Wall Street estimates for the third straight quarter. Headcount was cut 14% to 4,321.

↳ Bitmine now holds 5.74M $ETH, equal to 4.8% of circulating supply. Total crypto assets valued at $11.1B as the company pushes toward its 5% target.

Weekly crypto news roundup featuring four cards covering the Coldcard $89M Bitcoin hack, Federal Reserve 9-3 rate hold, Coinbase Q2 $359M loss, and BitMine reaching 4.8% of Ethereum supply.

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