Coldcard founder (nvk) says the reports of drained wallets are not a device vulnerability. The thefts are part of a wider attack affecting 500 private keys across different wallet types, not just Coldcard.

Sen. Cynthia Lummis says the CLARITY Act remains on track for a Senate vote before the August recess: “Sen. Thune has kept a place for the CLARITY ACT on the agenda...and I believe he does intend to go through with it...We will be moving forward.”

Sen. Cynthia Lummis: “This doesn’t come back next year… The realistic next chance at market structure legislation is likely 2030.” She urged passage of the CLARITY Act, adding the window to lead “is wide open.”

IRS warns digital asset investors of fake letters with QR codes directing to a nonexistent “Digital Asset Compliance Portal.” Coinbase also alerts clients. Do not scan the codes or enter any info.

Russia just charged Telegram founder Pavel Durov with "aiding terrorism" and put him on an international wanted list. The FSB says Telegram failed to remove channels used by Ukrainian intelligence for sabotage and recruitment. This is the same playbook every government runs. France arrested Durov in 2024 over similar claims. Now Russia is doing it from the other side of the same war. The pattern is always identical. A terrible act happens. Governments point at encrypted messaging. They demand backdoors, content removal, compliance. Anyone who refuses becomes an enemy of the state. But encryption cannot be secure for some people and insecure for others. That's not how math works. A backdoor for the FSB is a backdoor for every intelligence agency, every hacker, every authoritarian regime on earth. Russia is simultaneously pushing its own state messaging app called MAX that openly shares user data with authorities and doesn't use end-to-end encryption. That's the endgame. Replace tools you can't surveil with tools you control. Every government wants the same thing, a communication layer they can monitor. They just use different justifications. Russia says terrorism. France said child safety. The US says national security. The demand is always the same. Give us access. The 60 Minutes clip from 2016 is worth revisiting. Durov said it plainly, "Encryption cannot be secure just for some people."

Leopold Aschenbrenner's Situational Awareness fund is up 439% on the year, levered to the gills on AI stocks, and is now scrambling to raise capital after the recent rout. Sound familiar? Every few years, an Effective Altruist makes a fortune, gets drunk on their own certainty about the future, levers up, and blows apart. SBF believed he had a moral obligation to make as much money as possible so he could redistribute it to save the world. That conviction gave him permission to cut corners, commingle funds, and lie. He's in prison. Aschenbrenner believes he has "situational awareness" that perhaps a few hundred people on earth possess. That conviction gave him permission to run a skeleton crew of 4 investment professionals, use massive leverage with no prior trading experience, and concentrate into the most crowded trade on the planet. The pattern isn't coincidence. It's the philosophy. EA teaches its followers that the expected value of the future is so enormous that almost any risk is justified in the present. If you truly believe AGI will reshape civilization and you're one of the few who sees it clearly, why wouldn't you lever 10:1? The math says you should. That's the trap. Certainty about the future plus moral permission to act on it is the most dangerous combination in markets. It turns smart people into walking blowup risk. The market doesn't care about your thesis. It cares about your margin call.

TFTC 776 w/ Michael Howell: "We're tracking late 2021, early 2022 almost perfectly and it's not gonna be good for risk assets that haven't priced this in yet." We discuss: ⚡ Why the Fed is trapped ⚡ The $40T debt spiral ⚡ Bitcoin's 8x edge over gold

Retail investors dumped $243M in single stocks on Monday. The biggest selloff since March 17, 2020. Only four sessions since 2019 have been worse. For context, retail has been a net buyer almost every single day for the past five years.

Rural electric utilities across America are quietly becoming bitcoin mining's best friends, and their customers are benefiting whether they know it or not. In Hopkinsville, Kentucky, a bitcoin mine has been running inside a local utility substation for three years without a single noise or water complaint. Now the city is debating zoning regulations that could shut the whole thing down. Tom Masiero, head of strategy at Sphere 3D (which owns the operation), told a public hearing that the mine participates in a flexible-load program. When extreme weather or high demand hits, the facility can quickly power down, freeing up electricity for residents. The local utility's general manager said the revenue helps avoid rate increases for 13,000 customers. The company wants to expand with a second 50-megawatt facility and would pay $8-10M to build a new substation, adding 15 megawatts of extra capacity for the community. But the proposed zoning draft would ban any facility over 75 megawatts and require setbacks up to 1,000 feet from residential property. NCLC's attorney warned it would effectively ban data centers in the city entirely. This is the pattern playing out in small towns everywhere. Bitcoin miners offering flexible load and real revenue to struggling utilities while local governments rush to regulate something they don't fully understand yet.

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Bitcoin Policy Institute hosts Capitol Hill fireside chat with (SamLyman33) and (robbysoave) on research into foreign influence targeting U.S. AI, held in the House Select Committee on the CCP hearing room.

Hackers just hit 30+ water systems in Minnesota in a coordinated cyberattack over two days. One plant went completely offline. The attack targeted operational technology, the actual control systems that manage water treatment and distribution. Minnesota activated a statewide cybersecurity incident response involving local, state, and federal agencies. Authorities haven't said who's responsible. This is what infrastructure vulnerability looks like in practice. These are small community water systems that often lack the resources to properly secure their control networks. When your water supply depends on internet-connected systems run by underfunded local operators, this is the inevitable result. As (ODELLXYZ) points out, clean water access should be a serious factor when considering where you live. The systems we take for granted are far more fragile than most people realize.

Kevin Warsh: "The economy is showing impressively resilience. Even with recent shocks, the trends are positive and reveal solid growth. Inflation remains elevated."

Fed holds rates at 3.50%-3.75% for the 5th straight meeting. Three members dissented wanting a hike. Longest pause since the 2008 cycle. Dow dropped 800 points ahead of the decision.

The upcoming 6G wireless standard won't just be faster internet. It will function like a radar system. The technology is called Integrated Sensing and Communication (ISAC). It turns the same antennas used for wireless data into environmental sensors that can measure distance, movement, and speed by analyzing reflected radio waves. What that means in practice: 6G networks could detect people through walls, monitor breathing patterns and heartbeats, and when combined with machine learning, distinguish individuals by their walking patterns and infer gestures or facial characteristics. All without requiring the person to carry a phone. Germany's Conference of Independent Data Protection Authorities approved a position paper in June 2026 warning that this amounts to invisible video monitoring with significantly broader capabilities. The key problem is that anyone within range gets scanned whether they consent or not. There is no practical way to opt out. Researchers at the Barkhausen Institute in Dresden are working on safeguards like hardware kill switches for sensing functions and apps that notify users when environmental sensing is active nearby. But wireless standards become extremely difficult to modify once adopted. Germany has invested roughly €700M in 6G R&D with commercial deployment expected around 2030. The question isn't whether this technology will exist. It's whether privacy protections get baked in before it's too late.

Bitchat, the offline Bluetooth mesh messaging app, is now available as a full client on Wear OS smartwatches. Acts as a decentralized walkie-talkie.

BitMart is shutting down and even on the way out they're extracting value from users. One user tried to withdraw $2. Minimum withdrawal was $5, so they deposited $10 to qualify. Fees took $11. Net result? Turned $2 into $1 and gave BitMart $10 for the privilege. The backstory is worse. BitMart got hacked for $196M in 2021. Funds went straight to Tornado Cash. They promised reimbursements that never came. Then in May 2026 a proof-of-reserves leak showed ~$169M on paper, but almost all of it was BMX, their own token. Actual USDT on hand for withdrawals? Reportedly $650K. BMX dumped 60%. Withdrawals stalled. Margin trading force liquidated. AMM bots suspended. Full wind-down announced. All within 24 hours. This is why self-custody matters. Not your keys, not your coins isn't a meme. Every cycle produces another exchange collapse that proves the point.

DCG urges Senate to pass Clarity Act before August recess: "We respectfully urge you to schedule a floor vote on the Digital Asset Market Clarity Act before the August recess."

Sen. Ashley Moody grills Dr. Fauci on his preemptive Biden pardon: “Did you talk to President Biden and ask for this pardon?”