Daily Summary, August 4th
🤣 An AI model worth $2 found a vulnerability in Coldcard, resulting in users losing around $130,000,000 in BTC.
🇷🇺 FSB wants to require crypto exchanges and gaming platforms operating in Russia to connect to SORM—a system of operational and investigative activities.
🤖 An FBI agent stole $1,000,000 in cryptocurrency from case subject accounts and then asked ChatGPT where to invest the money and how to relocate to Europe. He was eventually fired from the FBI and arrested—the investigation traced him through digital traces and his correspondence with AI.
🦅 Putin signed a law on the first comprehensive regulation of the cryptocurrency market in Russia.
💳 Mastercard completed a deal to acquire stablecoin startup BVNK for $1.8 billion—now the payments giant will be able to further integrate stablecoins into its network.
💤 A dormant Bitcoin whale, silent since 2013, transferred 500 BTC to an unknown wallet — worth about $31,200,000 now.
📉 Crypto trading volume on major exchanges fell to its lowest level of the year—the average daily figure decreased to $20 billion, 50% lower than in December 2022, with a 70% drop from the January peak.
🪙 Solana might accelerate daily SOL burning by approximately 14 times—from 650 to 9,000 coins.
🇺🇸 Wells Fargo, the 4th largest bank in the USA, plans to launch tokenized deposits for corporate and commercial clients this fall.
📊 Hyperliquid's trading volume in July reached $218 billion —more than the combined volume of the other 7 largest perp-DEXs, which totaled $189 billion.