Market snapshot covering Tether's Q2 profits and gold reserves, Coldcard Mk3 exploit ($38M+), Uniswap's new yield product, Solana compute increase, and crypto ETF flows.
Security & Exploits ·
Bitcoin traded at $62.9K while the crypto market cap reached $2.246T, with mixed signals across major assets and policy developments. Tether reported $1.5B in Q2 net operating profit and expanded its reserve buffer to $4.11B alongside 146 tons of physical gold holdings, while Uniswap introduced a yield-generation product for USDC, USDT, and ETH without lock-up requirements. The Coldcard Mk3 vulnerability resulted in approximately $38M in losses, with $30M stolen within the first 10 minutes according to Chainalysis, though Galaxy documented 1,082 BTC valued at $70.2M drained roughly 30 hours before public disclosure of the flaw. Bitcoin ETF flows turned negative Friday at -$265M despite the crypto market gaining over $130B in value across the prior month.