The Vice President of Bitcoin Strategy at Strive, Joe Burnett, described the past week as “possibly one of the worst weeks in the history of Bitcoin.” The statement suggested that large holders ought to trust institutional custodians more than hardware wallets.
The leaders were already dominant before the cutoff, and aggregate data do not identify a destination for SBI’s lost pool hashrate.
August 1, 2026, 7:05 pmA standard six-sided die produces about 2.6 bits of unpredictable information with every roll. That may not sound like much, but repeated enough times, those rolls can create the raw randomness needed to secure a bitcoin wallet without relying on software or an electronic component.
August 1, 2026, 6:26 pm
Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden. The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment.
U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock’s IBIT, while spot ether ETFs pulled in roughly $9 million the same day. A Sharp One-Day Reversal US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31.
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June’s Treasury auction.
Bitcoin slipped below $63,000 this week as a major hardware wallet security incident rattled confidence just as traders are preparing for two separate August events that could influence sentiment across the network.
Institutional focus on Bitcoin over altcoins may limit diversification opportunities, potentially stifling innovation and growth in smaller tokens.
Bitcoin's underperformance against the dollar highlights the challenges for risk assets in a strong dollar environment, prompting portfolio reassessments.
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6 billion in monthly Bitcoin options. The venue settles monthly contracts at 08:00 UTC on the last Friday of each month, and live expiry data placed July’s Bitcoin notional near $9.7 billion.
$62,471.00 -1.10%
$1.25T Market Cap
$14.62B Total Volume (1.17%)
$126,080 All Time High -50.45%
until new daily candle
BTC Journal