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The crypto stories that actually moved the market, plus live UTC countdowns to the macro tentpoles traders position around.
The crypto stories that actually moved the market - the wild, the weird, and the precedent-setting. We summarise in our own words; tap through for the original source.
The largest corporate holder sold 1,638 BTC in the week to 2 August, taking its stack to 842,138 BTC. Paired with $290.6M of new MSTR stock, the $395M funded an $81M STRC buyback, the dividends and a $4B cash reserve.
Mk3 firmware 4.0.1 through 4.1.9 is worst hit; Mk4, Mk5 and Q seeds made before the fix are also in scope. New firmware corrects future seed generation but cannot repair a seed already created, so affected owners have to move funds to a fresh wallet.
The board cleared selling up to $5B of bitcoin to fund buybacks and shore up the balance sheet, extending the monetization program it adopted in June alongside $2B of authorized repurchases.
A firmware bug dating to March 2021 sent seed generation to a software random-number generator instead of the chip's hardware one, so wallet seeds could be reconstructed without ever touching the device. Sweeps started on 30 July and reached roughly $114M from more than 5,200 addresses by 3 August.
No hack, just governance: an attacker bought ~$4M of BONK, posted a proposal to send themselves $20M, waited a week unnoticed, then voted it through with their own bag. The treasury paid out.
The largest corporate holder trimmed its stack to cover Digital Credit dividends - 3,588 BTC sold for $216M. As of 7/5, it still hodls 843,775 BTC plus $2.55B in USD reserves.
The macro tentpoles crypto trades around - FOMC statements, CPI prints, the halving. All times UTC; projected dates are marked as estimated.