Bitcoin Wallet Maker BitBox Says AI Found Severe Flaws in Firmware
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BitBox patches ‘severe’ wallet flaws that could put funds at risk
BitBox recommended all users update to firmware version 9.26.5 and said it had received no reports of exploitation or fund losses.
SafePal Bitcoin Wallet Data Breach Stokes Fears of Physical Attacks
A flaw in an order-tracking plug-in of bitcoin wallet provider SafePal exposed names, addresses and phone numbers of nearly 40,000 customers.
Barstool Sports founder: Will hold Bitcoin until it's worth $0 after buying in for nearly $100,000.
According to Mars Finance, Dave Portnoy, founder of Barstool Sports, stated that he bought Bitcoin when it was close to $100,000 and will hold it until it reaches $0. He claimed that every time he sold Bitcoin, the price surged; every time he bought Bitcoin, the price plummeted, indicating that this is a classic case of market timing.
'Bitcoin Is Burning': Red Team Turns to Chinese AI to Find Flaws
Bitcoin Red Team member Calle said Chinese models, including Moonshot AI’s Kimi K3, are finding bugs across Bitcoin’s open-source software.
New Hampshire lawmakers will hold a hearing on Wednesday regarding a $100 million Bitcoin bond.
PANews reported on July 8th that, according to Cointelegraph, the New Hampshire Business Finance Authority (BFA) is scheduled to hold a public hearing on Wednesday regarding the issuance of $100 million in Bitcoin-backed bonds. The plan, which is expected to be approved by the BFA in November 2025, requires final approval from the governor and a five-member executive committee. The bonds are secured by private lender CleanSpark and have no recourse to state funds or taxpayers. Moody's assigned the bonds a preliminary Ba2 (speculative grade) rating in March. New Hampshire is the first state to pass a strategic Bitcoin reserve law, allowing up to 5% of public funds to be invested in digital assets.
Wintermute: Bitcoin's rise is more in line with the characteristics of a "relief rally" than the start of a new bull market.
According to Mars Finance, on July 7th, Wintermute released a market analysis stating that the latest US non-farm payroll data significantly missed market expectations, coupled with Warsh's speech being interpreted as dovish, driving a general rebound in global risk assets, with the crypto market performing the best. Bitcoin and Ethereum have both significantly outperformed the S&P 500 and Nasdaq indices recently. Bitcoin's current rally has a more solid foundation, mainly driven by continued whale buying, options fund flows towards call options, and improved on-chain data. The end of net outflows from Bitcoin spot ETFs also boosted market sentiment. The cooling US job market has further reduced market expectations for interest rate hikes this year, while Warsh reiterated the 2% inflation target at the Sintra Forum but did not release more hawkish signals, which investors interpreted as a more dovish stance from the Federal Reserve. In the crypto market, on-chain data shows that whale wallets have accumulated over 270,000 BTC near the 200-week moving average, while options market funds have shifted from hedging positions to call options with strike prices of $60,000 to $70,000. Meanwhile, Ethereum's rise is largely driven by institutional narratives, including the official launch of Ethereum Institutional and the continued progress of institutional tokenization infrastructure. However, the Ethereum Foundation's recent layoffs of approximately 20% and budget cuts of about 40%, along with previous outflows from ETH ETFs, still reflect some pressure on its fundamentals. This round of gains is more characteristic of a "relief rebound" than the start of a new long-term bull market. Improved macroeconomic environment, easing tensions in the Middle East, continued institutional investment in Ethereum, and low liquidity during the summer have all contributed to the market recovery. However, from a funding perspective, Bitcoin spot ETFs have seen cumulative outflows of approximately $2.73 billion this year. Until ETF fund flows continue to improve and form a trend, the market should still view the current situation as a sentiment correction rather than a structural reversal, and remain cautious about the future.