Coldcard Flaw Drains $38M in Bitcoin as Institutional Trading Hits Record High

Chain Reaction by Capital Copilot · Jul 31, 2026 · 3m · transcript

July 31st, 2026: A critical vulnerability in Coldcard hardware wallets results in approximately 594 Bitcoin worth thirty-eight million dollars stolen from around 500 users in a 25-minute attack, yet market prices hold steady near sixty-three thousand eight hundred seventy-five dollars. Institutional investors now dominate crypto trading at a record 72% of spot volume on major desks, fundamentally reshaping market structure with lower volatility. Bitcoin ETFs experience their weakest month ever with just two hundred five million in July inflows while Morgan Stanley's new Ethereum and Solana…