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Galaxy Research: Bitcoin losses related to the Coldcard vulnerability have risen to $70 million

Galaxy Research stated on Friday that over 1,000 BTC from nearly 1,200 addresses have been moved, valued at approximately $70 million, with the transactions believed to be linked to a vulnerability affecting Coldcard hardware wallets.Earlier, Coldcard manufacturer Coinkite issued a warning on Thursday about an ongoing issue with seed phrases generated by Coldcard Mk3 devices. Out of caution, the company reminded all users who generated seed phrases using Mk3 devices with firmware version 4.0.1, released in March 2021, or later, that their funds may be at risk.Subsequently, Coinkite expanded the scope of its risk alert to include certain firmware versions of Mk4, Mk5, and Coldcard Q, and released emergency firmware updates for all affected models.Coinkite CEO Rodolfo Novak (also known as NVK) apologized on Friday and stated that the company takes "full responsibility" for the firmware vulnerability, acknowledging that internal review processes failed to identify the issue.Novak also suggested that the vulnerability may have been discovered with the help of artificial intelligence, noting that this incident reflects a "sobering reality under the new AI paradigm." He warned that AI-assisted code review could identify potential vulnerabilities faster than experienced security experts, while also making it easier for attackers to exploit weaknesses in public code.

Galaxy Acquires 500 Acres in Texas to Build AI and HPC Data Center Campus

: Galaxy posted on the X platform, stating that Galaxy is expanding its data center footprint. It has signed a development agreement and acquired 500 acres of land in McGregor, Texas, for the construction and operation of an AI and HPC data center campus. Galaxy is advancing the power infrastructure required to support the campus, with the initial development phase expected to reach 74 megawatts.Galaxy believes the McGregor campus has the potential to develop into a multi-hundred-megawatt site by 2030. This campus will become Galaxy's second major data center investment in Texas, following its 1.6-gigawatt flagship Helios campus in West Texas.

CLARITY Act's probability of passage in 2026 drops to 30%, US Senator Jon Husted expresses support

on July 28 that U.S. Senator Jon Husted publicly supported the Digital Asset Market Clarity Act, stating that if the United States wants to maintain its leading position in the digital asset field, it needs a clear, enforceable regulatory framework that supports innovation and employment.The CLARITY Act aims to establish the first comprehensive federal framework for crypto regulation in the U.S., dividing jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). The bill classifies tokens into three categories, granting the CFTC exclusive regulatory authority over the spot market for digital commodities, while the SEC continues to oversee assets that still resemble securities.Galaxy Research has lowered the probability of the CLARITY Act becoming law by 2026 from 50% to 30%. Alex Thorn, the firm's Head of Research, stated that the 60-vote threshold in the Senate is the main obstacle, and supporters may not yet hold a simple majority.The revised version of the bill proposes to prohibit the President, Vice President, members of Congress, federal judges, and their spouses from receiving compensation through the issuance or sponsorship of digital assets during their term in office until January 2029. It also requires relevant officials to sell their cryptocurrency holdings or place them in a blind trust.

K3 Capital Announces Partnership with Galaxy and Accountable to Launch Institutional Yield Vault

K3 Capital announces a partnership with Galaxy and Accountable to launch an Institutional Yield Vault, bringing institutional OTC lending relationships on-chain. The product is deployed on the Monad network, uses AUSD as the settlement asset, and adopts a single-borrower model with Nasdaq-listed company Galaxy as the sole borrower. The initial size is 30 million AUSD, with a target total credit line of 100 million AUSD and a fixed annual interest rate of 7.5%.

Senator Lummis Champions the CLARITY Act to Combat Lazarus Group and Other Crypto Illegal Activities

According to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing hard for the CLARITY Act to complete Senate voting before Congress adjourns. Section 303 of the bill grants the Treasury Department the authority to impose targeted digital asset sanctions on foreign jurisdictions, while Section 305 allows exchanges to freeze suspicious transactions for up to 180 days. On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total global crypto theft during the same period ($972 million), including a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The group's cumulative theft amount has reached $6.75 billion since 2019. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%. The bill still requires 60 votes to advance, meaning at least 7 Democratic senators need to vote across party lines in support.

Galaxy Head of Research: BIP-110 Signaling Support Rate May Be Far Below 55% Mandatory Activation Threshold

The Galaxy Head of Research stated in a post on X that, based on the current growth rate, even if the recent acceleration continues, the BIP-110 signaling will still be more than 51 percentage points below the mandatory 55% threshold by the activation block.

Samsung will support native stablecoins in Samsung Wallet

Odaily news, Samsung announced at the 2026 Galaxy Unpacked event that Samsung Wallet will support stablecoins, expanding from cash and savings to include new digital value forms such as stablecoins. A demo screen showed the wallet app holding Circle’s USDC, but Samsung did not mention USDC or USDT as partners for the initiative. Samsung product manager Lee Dinham stated that Samsung Wallet will become the financial ecosystem foundation connecting Galaxy devices and services, integrating payments, rewards, and digital assets into a single experience. Samsung also unveiled its first credit card, the Samsung Galaxy Card, offering users 5% cash back on eligible spending at brand stores and other qualifying merchants. Samsung previously introduced an embedded cryptocurrency wallet in the 2019 Galaxy S10 series, adopting a hardware-supported security solution. In October of this year, Samsung announced the integration of Coinbase's subscription service, Coinbase One, into Samsung Wallet in the US.

Bitcoin Security Alliance Officially Established, Nine Major Institutions Pledge $15 Million Over Three Years

According to the official press release, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, nine leading financial institutions and Bitcoin companies, jointly announced the establishment of the Bitcoin Security Consortium on July 23, 2026. The members independently committed to contributing a total of $15 million over the next three years to support long-term security research for the Bitcoin network, with a focus on development work in the field of post-quantum cryptography. The consortium's daily affairs are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt; it will not intervene in protocol development or specific change decisions and will regularly release Bitcoin security status reports to investors and the public.

$3.5 Billion Debt Financing: Galaxy Digital to Support Data Center Projects

sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.

Samsung Electronics will introduce stablecoin support in Samsung Wallet.

According to Digital Asset, Samsung Electronics stated that Samsung Wallet will support new forms of digital value, including stablecoins, in the future, with plans to integrate payments, rewards, and digital assets into a unified experience, further expanding its financial service capabilities within the Galaxy ecosystem.

Galaxy Digital 设立 500 万美元基金,推进比特币应对量子计算威胁的准备工作

Galaxy Digital 宣布设立 500 万美元“比特币量子准备倡议”基金,资助开发者研究和部署应对未来量子计算风险的防护方案,重点包括抗量子签名机制、钱包迁移工具和安全审计。

Galaxy Digital Commits $5 Million to Advance Bitcoin Quantum-Resistance Initiative

According to Decrypt, Galaxy Digital has officially launched the "Bitcoin Quantum Readiness Initiative," with three core pillars including: providing up to $5 million in post-quantum cryptography research grants to developers, publishing specialized research reports through Galaxy Research, and establishing a quantum advisory committee composed of scholars from multiple top universities. The initiative targets "Q-Day"—the critical moment when quantum computers utilize Shor's algorithm to crack Bitcoin's elliptic curve encryption, forge signatures, and steal wallet assets. Project Eleven predicts that quantum computers capable of cryptographic threats may emerge as early as 2030, at which point approximately 6.9 million BTC will face exposure risks. The Coinbase Quantum Advisory Committee has also called on developers to immediately initiate migration work. Meanwhile, Trump has signed an executive order setting the deadline for the U.S. federal government to complete post-quantum cryptography migration to December 2031.

Galaxy Launches Institutional-Grade DeFi Vault Service “Galaxy Curator”

crypto financial services firm Galaxy Digital (GLXY) has announced the launch of an institutional-grade vault management service, “Galaxy Curator.” Built on the decentralized lending protocol Morpho and made available through Fireblocks Earn to over 2,400 institutional clients, the service helps them generate stablecoin on-chain yields without the need to directly manage DeFi infrastructure.Galaxy stated that the product aims to address the issue of large sums of stablecoins held by institutions remaining idle for extended periods. Due to settlement, capital deployment, and operational requirements, large-scale stablecoin assets often sit in custody accounts, while direct participation in DeFi protocols presents high technical and risk barriers. (CoinDesk)

AI-Driven Memory Supply Shortage Continues, Samsung and Other Smartphone Makers Face Price Hike Pressure in H2

According to Odaily, the persistent memory supply shortage driven by AI demand continues to exert upward pricing pressure on smartphone manufacturers such as Samsung Electronics, Apple, and Xiaomi in the second half of the year. Industry sources indicate that Samsung Electronics' upcoming Galaxy Z8 series, set to be released this month, has an increased likelihood of price increases based on storage capacity. The price of the 256GB base model is expected to remain at a similar level to its predecessor, approximately 3.05 million won, while the 512GB and 1TB models may see price increases of around 120,000 won each. This pricing strategy aims to minimize the price increase for the base model while prioritizing adjustments to higher-capacity models, which are more affected by memory cost pressures.

Galaxy Digital Head of Research: Bitcoin "Mass Distribution" Phase Mostly Ended, 2026 Awakened Coins Quantity May Be Less Than Half of Last Year

Galaxy Digital Head of Research Alex Thorn stated that in 2024 and 2025, a large amount of long-dormant Bitcoin came back online and underwent on-chain transfers, on a scale second only to 2017. He believes this "major distribution" is mostly over, and the number of awoken coins in 2026 is expected to be less than half of last year's.

Galaxy Head of Research: Bitcoin Policy Institute Officially Intervenes in Abandoned Bitcoin Case, Plans to Push Court to Dismiss All Lawsuits

Galaxy 研究主管 Alex Thorn在 X 平台发文披露,围绕“Noah Doe”试图通过法律程序获得中本聪比特币所有权的遗弃比特币案件迎来重大进展,比特币政策研究所(BPI)已正式申请作为被告介入此案并寻求推动法院驳回全部诉讼。据悉,由律师事务所 White & Case 代理的 BPI 此次不仅申请介入案件,还提交了拟答辩文件、15 项积极抗辩理由并计划提出撤诉动议。 Alex Thorn 透露,BPI 称其具备介入资格,因为该机构长期自托管一部分计划无限期持有的比特币储备,而原告所主张的“长期未动用即构成遗弃”的理论,恰恰可能将类似资产纳入未来诉讼范围。如果本案的法律逻辑最终获得法院支持,未来可能成为剥夺长期自托管用户资产所有权的先例,所以这场诉讼不仅关乎中本聪相关资产,也关系到整个比特币自托管生态的法律基础。

Ron Wyden: CLARITY Act Should Retain Legal Protections for Non-Custodial Blockchain Developers

Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).

Galaxy: Structural Conflict Between SEC Custody Rules and DeFi Demand, RIA On-Chain Asset Allocation Constrained

Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.

Galaxy Research Director Lowers Probability of CLARITY Act Passing by 2026 Again

Galaxy Research Director stated on platform X that due to a shortened legislative calendar and increased competition for floor time from other matters, they have once again lowered the probability of the CLARITY Act passing in 2026. They still believe a vote will take place in July and hope the bill receives 60 supportive votes, but the outcome remains uncertain at this time. (Cointelegraph)

Galaxy Research Head: U.S. Senate Passes Housing Bill Prohibiting Fed from Issuing CBDC Before 2030

Odaily Odaily reports: Galaxy Research Head posted on X platform stating that the U.S. Senate passed a major bipartisan housing bill last night. It is expected to quickly pass the House of Representatives and be signed by the U.S. President. Chapter XI of the bill prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) before 2030.