Crypto World
Third-party breach exposes shipping addresses of 14,000 Trezor buyers
ShipMonk, Trezor’s fulfillment partner, suffered unauthorized access to its systems, affecting nearly 14,000 customers’ data, the cold storage crypto wallet firm reported Thursday.
Trezor said the names, email addresses, phone numbers and shipping addresses of 11,742 customers had been compromised. It also said the names, cities and email addresses of another 1,947 customers were also breached, bringing the estimated number of victims to nearly 14,000 across the U.S., the UK, Sweden, Colombia, Brazil, Italy and Portugal.
“We have some difficult news to share,” Trezor said Thursday on X. “Unfortunately, one of our shipping providers has experienced a data breach that exposed sensitive order data.”
The Trezor-related security hack comes as global data breaches are at an all-time high, according to SentinelOne, a U.S. cybersecurity firm. It said that this year, data breaches have increased by 17% compared with 2025, with an average of 2,090 attacks worldwide each week. It is also estimated that global data breaches have been rising by 3% month over month since January.
Ethereum continues to lack decisive momentum, with the price remaining trapped in consolidation despite its recovery from the June lows. The market is now hovering around the 100-day moving average, while the lower timeframes show ETH compressed between clearly defined support and resistance zones.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH is trading around $1.9K, with the latest candles showing little directional conviction. The most notable development is the horizontal consolidation that has formed around the 100-day moving average, which is currently passing through approximately the same region.
The market has repeatedly fluctuated around this moving average without establishing a sustained move on either side. This lack of momentum suggests neither buyers nor sellers have gained decisive control, leaving ETH in a neutral consolidation phase in the short term.
Nevertheless, the broader structure remains vulnerable. On the upside, the $2.06K-$2.15K zone is the first major resistance area, with the longer-term moving average also converging toward this region. A decisive breakout above it would provide considerably stronger evidence of a bullish structural shift.
Meanwhile, the nearest support sits around $1.81K-$1.84K. Losing this area would weaken the recent recovery and could eventually expose the much more significant $1.53K-$1.57K demand zone. Until either side of the current consolidation is broken with momentum, however, range-bound price action remains the more likely scenario.
ETH/USDT 4-Hour Chart
The 4-hour timeframe provides a clearer view of the current range. ETH is oscillating between the $1.80K-$1.84K demand zone and the $1.95K-$1.98K resistance area, with price currently near the middle of this structure at roughly $1.89K.
Importantly, the ascending trendline underneath the recent price action remains intact and is currently acting as dynamic support. The latest selloff briefly tested the trendline around the $1.86K-$1.87K region before buyers stepped in, preserving the sequence of higher lows that has developed since late June.
However, buyers have repeatedly struggled to generate enough momentum to break through the upper boundary. The $1.95K-$1.98K resistance zone has already rejected the market, making it the key obstacle to another bullish leg. A successful breakout could allow ETH to extend toward the upper boundary of the broader ascending channel around $2K and above.
Conversely, a breakdown below the ascending trendline would place renewed pressure on the $1.80K-$1.84K support zone. Losing both would represent a meaningful deterioration in the short-term structure and could open the door to a deeper correction toward the lower support areas.
Sentiment Analysis
The two-week liquidation heatmap captures the liquidity structure that has developed during ETH’s recent consolidation phase. With spot price moving sideways, leveraged positions have accumulated on both sides of the range, creating potential targets for short-term liquidity sweeps.
The most prominent nearby concentration appears above the market around $1.94K-$1.95K, almost directly overlapping with the technical resistance identified on the 4-hour chart. This makes the region particularly important, as a push through the recent highs could trigger short liquidations and potentially accelerate an upside move.
At the same time, slight liquidation liquidity is visible below the market, particularly through roughly the $1.80K-$1.85K region. This aligns closely with the 4-hour demand zone and means a downside sweep cannot be ruled out if the ascending trendline fails.
Overall, the heatmap reinforces the technical picture of a market trapped inside a range with liquidity accumulating at both extremes. Until ETH establishes a decisive breakout, sharp moves toward either side may primarily serve to clear leveraged positions before the market selects a more sustainable direction.
The post Ethereum Price Prediction: What Are ETH’s Chances of Breaking Above $2K Soon? appeared first on CryptoPotato.
Goldman Sachs Vice Chairman Robert Kaplan has backed the Federal Reserve’s 9–3 decision to keep interest rates at 3.50%–3.75% in July, arguing that policymakers needed more time to assess inflation before acting.
Summary
- The Fed held rates at 3.50%–3.75% in July despite three votes for an increase.
- Kaplan said incoming data should determine whether policymakers raise rates in September.
- AI investment, tariffs, labor shortages, and oil prices could keep inflation elevated.
- Kaplan said fiscal deficits, not Fed policy, are pushing long-term Treasury yields higher.
Why Kaplan supports the Fed rate pause
Bloomberg Television reported on Aug. 13 that Kaplan, a former president of the Federal Reserve Bank of Dallas, viewed the July pause as the correct decision despite continued inflation pressure and an unusually divided vote.
During the July 28–29 meeting, the Federal Open Market Committee left the federal funds rate unchanged at 3.50%–3.75%. According to the Fed’s official statement, Beth Hammack of the Cleveland Fed, Neel Kashkari of the Minneapolis Fed, and Lorie Logan of the Dallas Fed voted for a quarter-point increase.
Kaplan said policymakers should use the remaining time before the Sept. 15–16 meeting to determine whether inflation is improving enough to justify another pause. Rather than committing to a fixed position several weeks in advance, he called for officials to assess each new economic report as it arrives.
“If I see meaningful improvement, I might be willing to stay put,” Kaplan said, adding that he wanted to use “every moment before September” to reach a decision without “rigidity or preconceived notions.”
Recent data has given policymakers some evidence that price growth is slowing, although inflation remains above the Fed’s 2% goal. The U.S. Bureau of Labor Statistics reported on Aug. 12 that consumer prices rose 0.1% in July and 3.4% from a year earlier, compared with a 3.5% annual increase in June.
Core inflation, which excludes food and energy, increased by 0.2% for the month and 2.5% annually. Its annual rate eased from 2.6% in June, while the energy index remained 14.7% higher than a year earlier.
As crypto.news previously reported, Chicago Fed President Austan Goolsbee has described inflation as the main problem facing the U.S. economy, even as he characterized the labor market as stable but weak. Goolsbee does not hold an FOMC vote in 2026.
Inflation forces are moving in opposite directions
Although Kaplan supported waiting in July, he identified several forces that could prevent inflation from returning quickly to the central bank’s target. Investment linked to artificial intelligence is increasing demand for power, construction materials, data centers, and specialized workers, he told Bloomberg.
Kaplan also cited tariffs, labor constraints, and high oil prices as sources of upward pressure. Tariffs can raise the cost of imported products and business inputs, while worker shortages can force employers to increase wages or delay planned expansion, according to his assessment.
Rising oil prices add another layer because energy costs feed into transport, manufacturing, and household expenses. The Fed’s July statement said inflation remained elevated partly because supply shocks had raised prices in sectors including energy.
At the same time, Kaplan said the adoption of AI could lower inflation by helping businesses improve productivity and produce more with the same amount of labor and capital. In his view, the investment phase may increase demand and costs before the resulting technology begins to reduce operating expenses.
Richmond Fed President Tom Barkin offered a similar assessment on Aug. 13, saying tariffs, oil prices, and demand created by the AI boom were contributing to inflation. Barkin said it remained an open question whether the Fed would need another rate increase to return inflation to 2%.
Cleveland Fed President Hammack has taken a firmer position. In an Aug. 13 speech, she said the Fed should raise rates promptly because inflation has stayed above its target for more than five years. Hammack also warned that continued business borrowing and investment could add to existing price pressure.
The competing views explain why Kaplan wants the central bank to retain flexibility. While the latest CPI figures have slowed, his comments indicate that policymakers still need to decide whether the improvement will continue or whether energy, tariffs, and business investment will keep inflation elevated.
Warsh should explain the July decision at Jackson Hole
Kaplan also urged Federal Reserve Chair Kevin Warsh to use his coming Jackson Hole address to explain why the central bank did not raise rates in July. He said the speech should offer a short account of the decision rather than focus only on the philosophy guiding monetary policy.
Warsh has reduced the Fed’s reliance on forward guidance since becoming chair in 2026, leaving investors more dependent on employment, inflation, and economic growth data. The Fed’s July statement did not provide a clear signal about whether officials expect to change rates in September.
According to Kaplan, the three dissents make a factual explanation especially useful because the vote showed considerable disagreement inside the FOMC. The July decision passed 9–3 after the Fed kept rates unchanged for a fifth consecutive meeting.
The Federal Reserve Bank of Kansas City will hold the Jackson Hole Economic Policy Symposium from Aug. 27 to Aug. 29. Its 2026 theme is “Financial Innovation: Implications for Payments and Policy,” according to the bank’s official event page.
Before the July decision, futures markets had assigned about a one-in-three probability to a quarter-point increase. Following the latest inflation data, prediction-market traders placed a 67% probability on another pause in September, according to recent market coverage.
Bitcoin recovered from about $63,400 to $64,100 after the CPI release but failed to sustain a strong rally. A separate Bitcoin market report showed the asset later falling toward $63,300 as the expected inflation reading provided little reason for traders to add risk.
Higher policy rates can affect digital assets by increasing returns on cash and government debt, which may reduce demand for assets such as Bitcoin. Rate expectations can also influence the dollar, borrowing costs, and liquidity available to investors, although Bitcoin’s limited response to the July CPI report showed that inflation data was not the market’s only driver.
Treasury yields concern Kaplan more than short-term rates
Kaplan said he was more concerned about long-term U.S. Treasury yields than the federal funds rate itself. While the Fed directly sets an overnight target range, longer-term yields are determined by bond-market demand, inflation expectations, government borrowing needs, and the compensation investors require for holding debt over many years.
In Kaplan’s assessment, rising long-term yields in the United States and other major economies point to a structural imbalance between the amount of debt being issued and the demand available to absorb it. He linked the pressure mainly to persistent fiscal deficits rather than the Fed’s decisions on short-term interest rates.
Large deficits require the U.S. Treasury to sell more bills, notes, and bonds to finance government spending. If buyers demand higher returns to absorb the additional supply, yields rise even when the central bank leaves its policy rate unchanged.
The effect reaches American households and companies because Treasury yields serve as reference rates for mortgages, corporate borrowing, and other forms of credit. Rising long-term yields can therefore keep financing costs elevated without a new increase in the federal funds rate.
Pressure in the bond market became clearer during the Treasury’s Aug. 13 auction of $25 billion in 30-year debt. The securities were sold at a yield of 5.22%, up from 5.06% at the previous auction in July and the highest borrowing cost for a 30-year Treasury sale since 2001.
The U.S. Securities and Exchange Commission was on the verge of revealing its first major rulemaking effort in the digital assets sphere, having been set to propose its “Regulation Crypto,” but the agency cancelled the Friday meeting in an end-of-day statement on Thursday.
“Due to an unforeseen scheduling issue,” the SEC is moving the meeting to “a later date,” according to a statement from an agency spokesperson.
In the absence of progress in the Senate’s Digital Asset Market Clarity Act, the legislation that would establish a legal foundation for crypto market activity in the U.S., the industry had looked to the SEC to pick up the baton. The so-called Reg Crypto is expected to open a limited framework for issuing crypto securities without triggering agency registration requirements, and also to be able to later transition out of management of the project and, as a result, out of the SEC’s regulatory radar.
The sector will instead have to sit back again and see which branch of the government delivers first: SEC or Congress.
NBA champion Tristan Thompson says he buys Bitcoin every single day and tells teammates calling him mid-season to do the same, regardless of what the chart shows.
The Cleveland Cavaliers veteran joins a growing list of basketball figures turning into vocal crypto advocates.
The Thesis Behind Buying Every Single Day
Dollar-Cost Averaging (DCA) means buying a fixed amount of an asset at regular intervals, regardless of price, to smooth out volatility over time. Thompson describes exactly that approach.
His pitch to teammates avoids price predictions entirely. He frames the purchase as stacking digital gold, warning them that they will have to explain to their grandchildren why they hesitated at $63,000.
“Buy every day, stack it, stack your digital gold… You don’t want to be 70 and have your grandchildren say to you, Papa, you didn’t buy more Bitcoin back when it was at $63,000… If you look through the last 14 years, it has appreciated by over 60 percent annually… Name a savings account that does that. You can’t find it,” Thompson said at The Pomp Podcast.
That figure matches current conditions. Bitcoin trades near $63,390, according to BeInCrypto data, roughly 50% below its October 2025 all-time high of $126,080.
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The reasoning behind his conviction differs from most. Thompson says he does not own Bitcoin because he expects the dollar to fall, but because he expects the internet to keep winning.
His timeline traces back to 2008. That year, the global financial system cracked, and Bitcoin emerged as what he calls a “Robin Hood” figure in the pursuit of financial freedom.
Geography shapes his view, too. He considers the United States still early in adoption compared with Asia and the Middle East, where crypto payments already appear in everyday commerce.
He cites one concrete example. Emirates now accepts cryptocurrency for flight bookings. Regulation features in his outlook. Thompson pointed to the GENIUS Act and potential passage of the CLARITY Act as catalysts that could unlock substantially more institutional capital.
The Wider NBA Crypto Wave and Its Record
His advocacy extends beyond the asset itself. Thompson has taken on a financial literacy mission since shifting from playing to investing. The message to rookies is practical. He tells them to read profit-and-loss statements and understand how compounding actually works.
Thompson is far from alone in that space. Scottie Pippen has become one of the loudest voices for Bitcoin in basketball, tokenizing the 1991 NBA Finals Game 5 ball as a blockchain asset.
The six-time champion regularly posts bullish commentary. His messages range from blunt instructions to study Bitcoin to viral claims about Satoshi Nakamoto appearing in his dreams.
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Others have taken different routes. LeBron James partnered with Crypto.com on blockchain education, while Spencer Dinwiddie attempted to tokenize his own NBA contract.
The record is genuinely mixed, however. Stephen Curry, Klay Thompson, and Andre Iguodala all faced losses from crypto ventures during previous cycles.
That contrast matters for readers. Athlete endorsements have historically preceded both durable adoption stories and expensive disappointments.
Thompson’s own framing acknowledges the uncertainty. Play the long game, he says, and stop worrying about the price.
The post NBA Champion Reveals His Daily Bitcoin Habit appeared first on BeInCrypto.
Boltz has suspended its Bitcoin swap service after a series of AI-assisted attacks caused losses for the bootstrapped five-person company, with the shutdown announced on August 3 and a new group of veteran Bitcoiners now preparing to take over the project.
The episode points to a growing security problem for small open-source crypto services, where automated attackers can move faster than small teams can investigate and patch vulnerabilities.
Boltz Suspended Swap After Repeated Attacks
Boltz said attackers had targeted its infrastructure with increasing frequency, intensity, and sophistication over the past several months. Several attacks succeeded, but the company stressed that its non-custodial design kept customer funds out of reach.
“The entirety of the risk was ours,” the team said, explaining that losses from the attacks led it to suspend the service on August 3 to prevent further damage. The company also said its API remained available for cooperative refunds, while unilateral refunds continued to work without relying on Boltz infrastructure.
The decision followed a difficult period for the service. On August 1, Boltz temporarily disabled EVM swaps involving USDT, USDC, TBTC, WBTC, and RBTC while fixing a bug in its EVM integration. Lightning, Liquid, and on-chain BTC swaps were still operating at that point.
Before that, it had faced other issues, including downtime in June of its API and related services, as well as the disabling of its USDT swaps on its .onion site in April.
By August 3, however, Boltz said the problem had become broader. The team reported a “steady rise in automated, AI-assisted probing” and several exploits, followed by a sharp acceleration in attacks during the days immediately before the shutdown. After reviewing its own security scans, the company said it could not responsibly restart swaps while multiple groups appeared to be targeting its infrastructure.
Boltz later said its five-person team did not have the resources to withstand that level of pressure over the long term. The company now has a new path forward. A group of veteran Bitcoiners has provided capital and engineering resources and agreed to take over Boltz.
Work on identifying and fixing vulnerabilities has already started, although no timetable for the return of swaps was given. The incoming group has not yet been named.
All three original founders, Kilian, Michael, and Karl, have stepped down and will have no formal role in the project.
AI Is Changing Both Sides of Bitcoin Security
Boltz’s experience comes as other reports point to a wider use of AI in cryptocurrency-related security work. On August 10, a report on North Korea-linked Kimsuky said the group had established local AI environments using tools including Ollama, GPT4AI, and Msty. Investigators said the setup could help with malware development, document analysis, and other attack techniques.
A separate security campaign showed the other side of the equation. Sixteen researchers used AI-assisted methods to examine 390 Bitcoin-related open-source projects and reported 4,962 software issues, including 85 critical and 635 high-severity findings.
That contrast shows AI can help defenders examine code at a pace that would be difficult manually, but the same tools can give attackers faster ways to probe exposed systems. Boltz’s founders said they had reached the point where their team could not keep pace.
The post Non-Custodial Bitcoin Bridge Boltz Shuts Down After AI-Assisted Attacks appeared first on CryptoPotato.
SharpLink plans to stake $200 million of ETH through Lido, receiving wstETH that will be held with Anchorage Digital. Using Kraken’s displayed ETH price of $1,889.84, the dollar allocation equates to about 106,000 ETH, roughly 12% of the company’s 888,938 ETH holdings reported as of Aug. 3. The… Read the full story at The Defiant
Standard Chartered's global head of digital assets research said on Thursday that the $100 end-2030 price target he set for UNI in June may be too low, citing the rate at which Uniswap is now burning tokens with fees earned on Robinhood Chain. The burn rate Geoff Kendrick is extrapolating from is… Read the full story at The Defiant
“People are sick and tired of having to change their clocks twice a year. It is foolish, inconvenient and, in some cases, very costly,” Trump said. He went on to argue that the practice “is also bad for your health in the anxiety it creates,” and claimed that permanent Daylight Saving Time would have many benefits, including that it would “help Decrease Robbery and Murder Rates, Reduce Car Accidents (especially those involving Pedestrians!), Lower Risk for Cardiac Issues, Stroke, and Seasonal Depression, Make it Safer for Children to Walk Home from School.”
Tatiana Maksimova | Moment | Getty Images
S&P 500 companies are keeping more profit from every dollar in sales than ever before, providing another tailwind for stocks.
Using FactSet data, John Butters, senior earnings analyst and vice president at FactSet, showed that the S&P 500’s blended net profit margin is running at 16.9% for the second quarter. That’s up from 14.8% in the first quarter and 12.9% a year ago, and well above the five-year average of 12.4%.
Net profit margin is the percentage of revenue companies get to pocket after they have paid all expenses.
If that 16.9% figure holds, it would be the highest net profit margin since FactSet began tracking the metric in 2009, Butters notes.
Alphabet and Amazon are the biggest contributors to the S&P 500’s record-high net profit margin, Butters said.
Alphabet reported operating margin of 34% in the second quarter, up from 32% a year earlier. The Google parent also posted a $98 billion gain in other income, primarily from unrealized gains on equity securities. Amazon recorded other income of $53.4 billion on a net basis largely tied to its investment in Anthropic. The e-commerce and cloud giant also posted operating margin of 13.7% in the second quarter, up from 11.4% a year ago.
But the strength goes beyond these two mega caps.
Even after excluding Alphabet and Amazon, the S&P 500 margin still looks impressive at 15%, which is also a record and marks the highest net profit margin reported by the index dating back to 2009.
At sector levels, margins have been improving across most of the market.
Eight of the 11 S&P 500 sectors are reporting higher margins than they did a year ago, led by technology, communication services, consumer discretionary and energy.
Adam Schickling, a senior economist at Vanguard, told CNBC that the strong demand and operating leverage have helped companies convert more of their revenue into profit.
“Businesses, when they’re busy, are more profitable,” Schickling said. “Firms are busier, they’re more efficient, and that translates into higher margins.”
Technology companies have historically benefited from business models that can add customers or users without a proportionate increase in costs.
“Tech companies just have higher profit margins than what you might see from materials, industrials, energy,” Schickling said. “That is a sector is prone to having a higher general profit margin, especially because it has historically been relatively asset-light, which means they’re able to scale up at a very efficient rate.”
Businesses in the tech sector, however, are also experiencing a lot of competitive pressure, with many new entrants to the space, which could mean a potential risk in the future to profit margins in the technology space, Schickling said.
Kalshi, which raised $1 billion in May at a $22 billion valuation, is now the number one prediction market platform by revenue, followed by Polymarket, which was last reported to be seeking funding at $20 billion, following a $600 million investment from the Intercontinental Exchange, the owner of the New York Stock Exchange, at a $15 billion valuation in August.
Kalshi’s annualized revenue increased to $4 billion in July, bolstered mostly by 2026 World Cup betting. Polymarket’s revenue was only $1.1 billion for that same period. Sequoia Capital recently said Kalshi “now claims 95% U.S. market share in prediction markets.”
Most of Kalshi’s revenue comes from sports contracts, which contribute to over 80% of its volume. Kalshi announced Wednesday that Jeff Bandman, the lawyer who helped Kalshi secure a license to be a CFTC-regulated exchange in 2020, is returning to Kalshi as CEO of Kalshi Prime, which serves customers of Kalshi’s margin perpetual futures business.
Neither Sequoia, Wellington nor Kalshi immediately responded to a CoinDesk request for confirmation.
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