Ethereum Treasury Update:
Bitmine now holds about 5.82M ETH, equal to roughly 4.8% of Ethereum’s circulating supply, after buying another 9,926 ETH.
Despite estimated unrealized losses above $8.4B, over 5M ETH is staked, potentially generating around $287M annually in rewards.
https://cointelegraph.com/news/bitmine-ethereum-supply-5-82-million-eth-staking
U.S. Stablecoin Update:
The Treasury has proposed rules to implement the GENIUS Act, opening a 60 day public comment period ahead of its planned January 18, 2027 effective date.
Stablecoin issuers will generally need a federal or state license to operate in the U.S.
https://cointelegraph.com/news/us-treasury-public-comment-rules-genius-act
U.S. Crypto Regulation:
The SEC’s planned meeting on Reg Crypto and its innovation exemption was canceled, reportedly to avoid complicating negotiations over the CLARITY Act.
Both initiatives remain delayed, leaving the industry waiting for clearer rules.
https://www.coindesk.com/policy/2026/08/16/the-sec-meeting-that-wasn-t-state-of-crypto
Fed Update:
Goldman Sachs says a September rate hike is “very unlikely”, citing softer retail sales, weaker employment data and slowing inflation.
Markets are pricing a Fed hold, potentially reducing pressure on risk assets like Bitcoin, but no rate cut is being forecast yet.
Bitcoin Market Update:
$BTC is tracking a rebound in equities, but U.S. spot Bitcoin ETFs saw $390M in net outflows last week, their largest weekly withdrawal in six weeks.
With CLARITY Act passage odds near 10%, bulls remain cautious despite low volatility.
Coldcard Hack Explained:
A firmware bug introduced in 2021 weakened seed generation by replacing hardware randomness with predictable software data.
Attackers reportedly stole 1,596 BTC worth over $100M from about 7,300 addresses without physical access.
Updating firmware alone is not enough, affected users must create a new seed and move their funds.
Coldcard Lesson:
The recent hack shows that reputation and open source code are not security models by themselves.
“Don’t trust, verify” only works when independent experts actually review the code so users should rely on audits, reproducible builds and critical scrutiny, not brand reputation.
Crypto Market Sentiment: Bullish Bitcoin & Ethereum Development, But Regulatory Uncertainty Remains
Join Paradex the best on-chain perps DEX with 0 Fees and lock in 5–15% bonus XP every week based on your XP Commission Share Rate.
🎁 Farm XP, climb the leaderboard, and maximize your eligibility for future $DIME token airdrop.
- Trade: https://app.paradex.trade/r/adaminssane
