Bybit has filed a lawsuit in the US District Court for the District of Columbia against North Korea's Reconnaissance General Bureau and the Lazarus Group following the $1.5 billion hack of the exchange.
A US court granted Bybit a preliminary injunction blocking unnamed defendants from moving or selling the identified stolen crypto assets. The case is drawing attention to a core limitation of blockchain finance: while transactions are traceable, they are effectively irreversible once executed.
The legal action highlights the growing use of US courts to pursue state-linked crypto theft, even when enforcement against sanctioned nations remains practically difficult.
🔐 Coldcard Exploit Triggers $116M Loss and Bitcoin Wallet Surge
A firmware exploit targeting Coldcard hardware wallets has drained more than $116 million, prompting a sharp spike in Bitcoin on-chain activity as users rushed to move funds.
Bitcoin logged 2.27 million new wallets and 751,000 active wallets this week — its strongest on-chain activity in months, according to Santiment data. Analysts describe the surge as security-driven, not demand-led.
The incident highlights the risks of firmware vulnerabilities in hardware wallets and underscores the importance of monitoring device integrity for self-custody holders.
💵 IMF: Domestic Stablecoins May Lift Dollar Token Demand
The IMF's first deputy managing director Dan Katz has suggested that the rise of domestic stablecoins could actually increase demand for dollar-backed tokens rather than displace them.
Katz argued that users may prefer digital dollars due to their superior liquidity, stronger network effects, and wider cross-border acceptance — advantages that locally issued stablecoins may struggle to match.
The observation highlights a key dynamic in the evolving stablecoin landscape: even as more countries explore sovereign or domestic digital currencies, the dollar's structural advantages in global finance may continue to anchor stablecoin demand around USD-pegged tokens.
Spot Bitcoin trading volume reached $8.4 billion in July, according to a report from Aerodrome, reflecting notable activity across major exchanges.
The figures point to sustained market participation, though the source does not break down volume by individual exchange or compare the figure to prior months.
Monthly volume data remains a key indicator of market engagement and liquidity conditions in the Bitcoin market.
🚀 MetaMask Launches Wallet for Autonomous AI Agents
MetaMask has introduced Agent Wallet, a new product that allows AI agents to execute crypto transactions independently, without requiring human approval for each action.
Meanwhile, Bitcoin climbed back above $65,000, even as the U.S. Clarity Act — a key piece of crypto regulatory legislation — faces another delay in Congress.
The convergence of AI-driven onchain activity and ongoing regulatory uncertainty marks a notable moment for the market's near-term direction.
🔐 Coldcard Exploit Drives July Crypto Losses to $247M
A major exploit targeting Coldcard pushed total crypto theft losses for July to $247 million, making it the second-worst month of 2026 for security incidents.
The Coldcard exploit alone accounted for more than $100 million of those losses, representing the single largest incident of the month.
The figures highlight the continued scale of security risks across the crypto space, with July ranking among the most damaging months on record this year.