The Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft.

Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack.

Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through onchain patterns.

That makes self-custody attacks difficult to quantify: Unlike an exchange hack, there is no complete list of affected accounts, leaving investigators to build estimates rather than pin down a definitive toll.

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Galaxy traces losses beyond victim reports

Galaxy’s Alex Thorn told Cointelegraph the platform’s earlier estimate of as much as 1,816 BTC was a potential figure rather than a confirmed loss total.

As of Tuesday, Galaxy put its high-confidence minimum at 1,730 Bitcoin, with Thorn saying the figure could still increase as more victim reports corroborate attack patterns.

Source: Galaxy Research

“We have directly confirmed 450+ BTC directly from victim reports, but their reports have helped identify other, as-yet-unknown victims in more than 730 total BTC,” Thorn said. Galaxy uses those reports to corroborate broader attack patterns, while withholding funds it suspects but cannot yet sufficiently verify. “We are still withholding many more BTC we suspect but for which we lack sufficient corroboration,” Thorn said.

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Related: Coldcard hackers transfer 64 BTC and 200 ETH to cryptocurrency mixers

TRM Labs said its independent tracing lands in the same range as Galaxy, while its recent analysis estimated that attackers drained about 1,816 BTC from more than 5,200 addresses across four waves. “Investigators should expect the estimate to keep moving upward before it stabilizes,” TRM’s global head of policy Ari Redbord told Cointelegraph.

CryptoQuant takes a stricter approach

CryptoQuant’s head of research, Julio Moreno, told Cointelegraph that the company starts with public reports from victims, including wallet addresses or transaction IDs, and then checks those reports against known onchain patterns from the attack.

That approach puts CryptoQuant’s confirmed tally at 1,432 BTC, which Moreno described as a floor that could rise if more victims publicly disclose their hacked addresses.

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Source: CryptoQuant

Moreno said CryptoQuant is cautious about identifying victims solely from onchain patterns because doing so could produce false positives and inflate the estimate.

“Because the stolen Bitcoin belonged to individuals and not to a centralized entity, like an exchange, we can only confirm what each victim publicly discloses,” he said.

Hard number to pin down

Moreno emphasized the total will remain an estimate because investigators can only confirm what victims disclose. He said:

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“Knowing the total BTC stolen is difficult, and it will always be an estimation.”

Chainalysis told Cointelegraph it has not conducted an independent tally of the losses, while blockchain investigator ZachXBT publicly said he has no plans to monitor or trace the incident.

Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?

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Ethereum is consolidating around the $1.8K area after recovering from its June lows, but the broader structure remains under pressure. The daily chart shows ETH trading below important moving averages, while the 4-hour chart suggests that the recent recovery has entered a range. Meanwhile, the exchange supply ratio has continued to decline, pointing to a shrinking amount of ETH held on exchanges.

Ethereum Price Analysis: The Daily Chart

ETH is currently trading around $1.88K, with the daily structure still characterized by a series of lower highs from the earlier 2026 peak. The price remains below the descending white trendline, which has acted as dynamic resistance, as well as below the higher moving averages shown on the chart. The 100-day moving average is currently around $1.9K, making the region an important near-term resistance zone.

The latest price action appears to be forming a consolidation just below this resistance. A sustained daily breakout above the moving average and the $2.1K resistance zone would provide the first meaningful indication that the overall corrective structure is shifting. Above that area, the next major resistance sits around $2.4K, which is a key area for ETH’s recovery.

On the downside, the most immediate support is around the $1.8K short-term lows. This area is particularly important because ETH has repeatedly found buyers around it during the recent consolidation. A daily breakdown below this zone could expose the next support around $1.6K, which previously triggered the latest recovery, and would lead to a drop back into the broken descending channel, making the recent rally just another fake breakout.

ETH/USDT 4-Hour Chart

The 4-hour chart provides a somewhat more constructive picture. ETH has been moving inside a broad ascending channel since the June low, with the lower boundary gradually rising. The recovery pushed price toward the $1.96K resistance zone, but ETH failed to break through and has since pulled back toward the $1.8K support area.

The latest decline has brought the 4-hour RSI down toward the mid-to-lower range, indicating that short-term momentum has weakened following the rejection. However, the indicator is not yet showing an extreme oversold reading, leaving room for another test of the nearby support.

Holding $1.8K would keep the short-term bullish structure intact and could allow ETH to retest the $1.96K level. A successful breakout above that zone would open the way toward the upper channel boundary and the $2K resistance area.

Conversely, a decisive 4-hour close below $1.83K would weaken the current recovery structure. In that scenario, ETH could retrace toward the next support around $1.71K-$1.75K, while the broader demand zone around $1.62K would become relevant if selling pressure accelerates.

Overall, the 4-hour structure remains constructive as long as the $1.83K area holds, but ETH needs to reclaim the $1.96K-$2.05K region to establish a stronger bullish continuation.

On-Chain Analysis

The exchange supply ratio chart shows a notable divergence between ETH’s price and the amount of supply held on exchanges. The ratio has declined steadily from roughly 0.18 in mid-2025 to around 0.127 currently, while ETH is trading near $1.8K.

A declining exchange supply ratio generally means that a smaller share of ETH’s circulating supply is sitting on exchanges. This can reduce the amount of ETH immediately available for spot selling and can therefore provide a constructive longer-term backdrop, particularly if demand returns.

The chart also shows that the exchange supply ratio continued falling even as ETH recovered from the $1.5K area toward $1.8K. This suggests that the recent recovery has not been accompanied by a significant increase in exchange-held supply.

However, the metric should not be interpreted as a standalone bullish signal. Coins can leave exchanges for many reasons, including long-term custody and staking, and the declining ratio does not by itself confirm stronger demand. From a price perspective, ETH still needs to overcome the $2K resistance region to turn the improving on-chain backdrop into a clearer technical recovery.

The post Ethereum Price Analysis: Is ETH’s $2K Dream Dead After the Latest Rejection? appeared first on CryptoPotato.

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Cryptocurrency exchange Toobit has been named Global Exchange of the Year at the FinanceFeeds Awards 2026, giving the trading platform its fourth major industry award of the year.

The FinanceFeeds Awards recognize companies across fintech and digital assets, with the Global Exchange of the Year category focused on exchanges capable of operating broad trading infrastructures at scale.

For Toobit, the award comes during a year in which the exchange has expanded well beyond conventional crypto spot and futures markets. Its platform now combines derivatives, copy trading, AI-based trading tools and more than 150 TradFi pairs, while its DEX+ product extends access to on-chain and pre-IPO assets.

The latest win follows three previous awards: Best New Exchange at the Crypto Awards 2025, presented in January 2026; Digital Asset Derivatives Platform of the Year at the Hedgeweek Global Digital Assets Awards in June; and Best Crypto Exchange for Day Trading at the CoinGape Web3 Innovation Awards in July.

That run of awards also reflects how quickly Toobit has built out its trading infrastructure.

The exchange regularly reports more than $30 billion in daily trading volume across more than 1,000 trading pairs, with more than 4 million active traders across 100-plus countries. Although Toobit offers regular spot trading, its strongest focus remains on active traders using perpetual futures, automated strategies, and other higher-frequency products.

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From Crypto Futures to Nvidia in the Same Account

One of the more unusual parts of Toobit is the range of markets available without requiring traders to leave the platform.

In our Toobit review, we found that a user could move from copy-trading a professional strategy to taking a leveraged position in Nvidia stock, then use an AI model to manage another trade via natural-language instructions.

Toobit’s TradFi product is particularly useful in that setup because, instead of requiring a separate brokerage account, the exchange offers exposure to stocks, forex, and metals via USDT-settled perpetual contracts.

Its stock futures include major U.S. names such as Tesla, Nvidia, and Apple, while an expansion announced in May added another 13 trading pairs, including Qualcomm, IonQ, and Oklo – there are currently more than 150 pairs and growing all the time.

Because these products are derivatives rather than shares held directly by the trader, users can trade with USDT already held in their Toobit futures account. The contracts can also continue trading outside conventional equity-market hours, including weekends and holidays.

Leverage of up to 500x is available on some TradFi perpetual contracts. Toobit’s futures interface also supports simultaneous split and merged position management.

TradingView integration, futures bots, and multi-chart layouts that support up to 8 views are also built into the platform.

Toobit Brings AI Directly Into Trading

Artificial intelligence has become another major part of Toobit’s expansion.

In March, the exchange released its AI Agent Trade Kit, an open-source framework designed to connect large language models directly with trading functions on Toobit.

The system uses the Model Context Protocol (MCP), allowing compatible AI agents to carry out tasks such as monitoring markets, managing spot and futures orders, and tracking portfolio balances via natural-language commands.

The kit supports more than 65 tools and can run locally, with credentials stored on the user’s device rather than transferred to an external AI service.

Toobit has also developed Synapse, its built-in AI assistant, which requires no outside configuration or separate AI subscription. It can assist with market research, strategy generation, and analysis of existing positions directly from the Toobit interface.

Zero Spot Fees Run Until September

Toobit’s zero-spot-fee promotion runs from June 26 through September 26, 2026, removing maker and taker fees on eligible spot trades during the campaign.

Outside the promotion, Toobit’s standard spot fees start at 0.075% for makers and 0.10% for takers.

Base perpetual futures fees are 0.02% for makers and 0.06% for takers.

Deposits are free, while crypto withdrawals vary by blockchain network. Toobit also charges no fee for its Convert tool, account creation, inactivity, P2P trading, or DEX+ transactions, although blockchain gas fees still apply to DEX+ activity.

Proof of Reserves Adds to Security Framework

The exchange’s expansion has been accompanied by additional reserve and custody measures.

A May 2026 Proof of Reserves review, independently verified by Hacken, showed reserves exceeding 100% for the major assets examined.

As of May 1, Toobit reported reserve ratios of 106% for BTC, 106% for ETH, 106% for USDT, and 102% for USDC. The audit covered balances belonging to more than 640,000 accounts and included verification of liabilities.

Toobit also operates a ~$40 million Shield Fund intended to cover qualifying losses resulting from internal technical or security failures, with fund information displayed on a public dashboard.

Custody infrastructure includes Fireblocks’ Multi-Party Computation technology alongside air-gapped cold-wallet storage, and the exchange is ISO 27001-certified.

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The post Toobit Named Global Exchange of the Year as AI and TradFi Push Expands appeared first on Cryptonews.

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Ripple’s cross-border token has performed quite poorly over the last week, dropping by more than 7%.

It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead.

A Deeper Plunge Ahead?

Somewhat expected, XRP’s pullback to a 21-month low has infused panic across the community, while the pessimists have become more vocal. X user Crypto Bitlord, for instance, claimed that the asset is “basically dead,” adding that it has no future and “someone needs to fork it.”

The post caused mixed reactions, with some members arguing that XRP still has a bright future ahead, but others agreed with the thesis and envisioned heavy bleeding.

X user Diana also chipped in, projecting a drop to as low as $0.86 should the price decisively break below the $1 mark. On the other hand, they believe a strong reaction around that zone, followed by a reclaim of $1.036, could interrupt the bearish perspective and trigger a relief bounce.

Another crypto commentator who gave their two cents is ChartNerd. The X user opined that XRP must reclaim the $1.02-$1.06 range, or it is likely to head further south.

The Bullish Signals

Recent whale activity and other factors suggest that Ripple’s native cryptocurrency could rebound in the near future. Earlier this week, Ali Martinez revealed that large investors have accumulated over 380 million XRP (worth nearly $400 million at the time) in the span of just seven days.

This development reduces the number of tokens available on the open market and might trigger a price increase (if demand increases or remains constant). Additionally, it may encourage smaller players to follow suit, thus distributing fresh capital into the ecosystem.

Martinez provided another optimistic element, saying that XRP’s TD Sequential indicator (on a monthly scale) has flashed a buy signal. He noted that on previous occasions, such a setup has been a precursor to a triple or even quadruple price surge.

It is worth mentioning that prior to that, the analyst outlined $1.06 as a critical level, predicting a massive collapse to $0.62 if the price slips under it (as it happened).

The post Ripple (XRP) Just Dipped Below $1: Collapse Warning or Hidden Opportunity? appeared first on CryptoPotato.

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