Jeff Booth spent about 15,000 hours trying to kill Bitcoin. He failed. The Canadian entrepreneur says the attempt left him more convinced the network cannot be broken.

Booth is a founding partner at Ego Death Capital and a director at Core Scientific. He wrote the 2020 book The Price of Tomorrow. His conclusion is that he was the weak link, not the code.

Why a 20-Year Tech Veteran Set Out to Kill Bitcoin

Booth did not start as a believer. He co-founded the online building supplier BuildDirect in 1999 and ran it for 18 years. When his book landed in January 2020, Bitcoin (BTC) got a single paragraph.

The problem was not the math. It was the power he expected to come after it. At that stage he doubted the network could stay decentralized and secure against a determined state.

So he tried to break it. He ran a node. He modeled the attacks a government, a rival, or a large miner would use.

“I spent about 15,000 hours trying to say, ‘How do I kill Bitcoin? What does that look like?’” Booth said in an interview with the Wolf of All Streets, Scott Melker.

The timing of that verdict matters. BTC currently trades near $63,000 with a market value around $1.27 trillion. That is roughly 50% below the record $126,198 it set on October 6, 2025.

Booth argues price and security are separate questions. One moves daily. The other has not moved at all.

What 15,000 Hours of Attacks Actually Found

Every scenario ran into the same wall. Blocks kept arriving on schedule, and each one cost real energy to produce.

“…every 10 minutes there was a new block bounded by energy decentralized and secure and it would emerge exactly like the internet…”

The comparison is deliberate. Early internet protocols stayed narrow, so anyone could build on top without asking permission. Booth reads Bitcoin the same way.

The rulebook backs him up on one point. Roughly 24,000 reachable nodes enforce the same consensus rules today, and the 21 million supply cap survived another public round of debate this month after Adam Back rejected a proposal to lift it.

“Do I think Bitcoin is decentralized and secure right now? Yes, I do.”

His money follows the conclusion. Booth helped found Ego Death Capital in 2022, a fund that backs software companies built on Bitcoin rather than miners or tokens.

It closed a $100 million second fund in July 2025. He has also sat on the board of Core Scientific since the mining firm left Chapter 11 in January 2024.

The Risks Booth Still Names

He does not claim the network is finished or flawless.

“Mining pools are a risk. Centralization mining is a risk.”

Both risks are measurable. Three pools produced about 61% of all blocks over the past month. Roughly 80% of reachable nodes run one client, Bitcoin Core, which leaves a single codebase carrying most of the network.

Booth expects competition to grind those numbers down without any protocol change. His argument is that expensive miners simply go bust.

The math supports the pressure. Riot Platforms spent $90,631 per coin last quarter once depreciation is counted, far above the current market price. Hashrate has fallen about 22% from its October 2025 peak as miners leave the network or rent their power to AI tenants instead.

Core Scientific shows the shift in one line of accounts. It drew 83% of second-quarter revenue from colocation and only 13% from mining its own coins.

Where Other Voices Disagree

Not everyone reads the same data the same way. Venture investor Chamath Palihapitiya has called the energy shift toward AI a structural problem for miners rather than a healthy cleanout. Coinbase CEO Brian Armstrong disputes that reading.

The governance fight is also live rather than settled. A group of developers pushed BIP-110, a temporary softfork that would have forced blocks to signal support or be rejected. The chain split at block 961,632 on August 8.

That breakaway BIP-110 fork has since found four blocks. Bitcoin has found more than 1,100. Mining pool OCEAN still runs a separate endpoint for the minority chain, carrying 1.15 exahashes per second against 19.22 on its main endpoint.

Users have taken real losses in the meantime. The Coldcard wallet hack and a BTCPay Server exploit both drained funds this summer. Neither touched consensus, which is the distinction Booth keeps drawing.

That leaves one failure case in his framework, and it is human rather than technical. Booth argues Bitcoin only fails if people collectively keep pouring their time and money into the system he says takes from them.

He still expects broad adoption, and he refuses to put a date on it.

“I think it’s inevitable. It’s just a matter of timeline.”

The next test arrives soon. BIP-110 backers have floated September 1 for a proof-of-work change and a separate coin. Whether anyone follows them will say more about Bitcoin’s governance than 15,000 hours of theory ever could.

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A meme coin trader turned $120 into more than $205,000 within hours, according to on-chain data documented by the tracking account Lookonchain.

The story went viral, though most of that gain still exists only on paper. The trader might not be able to even sell the coins to realize the massive profit.

How the Trade Actually Unfolded

The meme coin is called Niu Lai. It runs on BNB Chain and draws from a low-budget Chinese animated film that went viral. The purchase landed at exactly the right moment. She acquired 19.1 million tokens for $120 when the project’s market cap was barely $6,270.

A partial sale followed shortly after. She liquidated 9.1 million tokens for roughly $25,900, locking in a real gain. The rest remains unsold. She holds 10 million tokens valued at nearly $180,200, a figure that fluctuates with every price move..

The combined return exceeds 822x the initial investment, totaling $205,800 across realized and unrealized positions. The trader identified herself on X as @saracrypto_eth. She explained that years of trading meme coins taught her to spot where money is flowing.

“Yes, that ‘trader’ is me. for a lot of people, making $200k sounds absolutely insane. but when you’ve spent enough time in this space, you start to understand where the money flows and how the game is played. that’s when you realize how many opportunities there really are…,” Sarah Milady said on X.

Her personal story amplified the reach. She described working double shifts at a restaurant years ago and now supporting her retired parents.

Follow us on X to get the latest news as it happens.

What These Viral Stories Never Show

Token context explains the speed. Niu Lai launched in mid-August 2026, riding the film’s viral momentum across social platforms. The climb proved vertiginous. Market cap jumped from a few thousand dollars to peak near $20 million, according to CoinGecko data.

What these stories omit deserves equal attention. The vast majority of such tokens lose over 90% of their value within days or weeks. Risks extend well beyond volatility.

Liquidity problems, potential rug pulls, and price manipulation form standard features of the territory.

“100% insider or dev wallet. For every $120 lotto ticket like this, 999 people get rekt providing their exit liquidity,” one user noted.

Selling presents its own difficulty. Unwinding large positions without collapsing the market becomes nearly impossible in tokens with thin depth. That limitation applies directly here. The $180,200 she still holds could evaporate within minutes if the price collapses.

Survivorship bias completes the picture. Nobody posts screenshots of trades that went wrong, so only extraordinary wins circulate publicly.

For most participants, a total loss of capital remains the most likely outcome.

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The post A Meme Coin Trader Turned $120 Into $205,000: Luck or Strategy? appeared first on BeInCrypto.

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Global bond yields have reached levels last seen in July 2008. Bitcoin (BTC) did not exist then. The asset has never traded through borrowing costs this high, and it is not benefiting now.

Gold rose 32% over the past year. Bitcoin fell 46%. Investors who expected a debt squeeze to lift a scarce asset backed the wrong one.

Bond Yields Return to a Level Bitcoin Has Never Seen

A bond yield is what a government pays to borrow. Those costs are now the heaviest in almost two decades.

A Bloomberg gauge of long-dated government debt hit its highest yield since July 2008 in May. It tracks sovereign bonds maturing in 10 years or more.

Bitcoin’s whitepaper appeared that October. The first block followed on January 3, 2009, six months after the peak.

Satoshi Nakamoto stamped that block with a newspaper line.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” source, genesis block.

Bitcoin was built as an answer to failing government finances. Those finances are strained again. This time the answer is the asset falling.

The move is global, though not uniform. UK 10-year gilts pay 5.05%, the highest of the major markets. Germany sits at 3.21%, a high only since 2011.

Japan pays 2.88% after decades pinned near zero.

“We’re seeing a broader repricing of duration driven by fiscal realities, persistent inflation risks and some political uncertainty,” Bloomberg reported, citing Barclays strategist Patrick Coffey, who named the driver when the gauge first broke out.

Why Elevated Real Yields Cap Bitcoin

Compare the two eras directly. The US 10-year paid 2.46% on January 2, 2009, per Treasury records. It now pays 4.69%. The long end moved further. The 30-year paid 2.83% in Bitcoin’s first week.

The Treasury sold $25 billion of the same bond on August 13 at 5.216%, the highest since 2001.

Demand was soft, part of the global bond selloff. Bids covered the auction 2.39 times against a 2.43 average. Dealers absorbed 11.6% instead of the usual 10.6%.

Real yields make the squeeze concrete. A real yield is what a bond pays after inflation. The 10-year real yield reached 2.41% on August 14. Two years earlier it paid 1.77%.

That is the bar Bitcoin has to clear. Investors can now beat inflation using government debt and take almost no risk. Bitcoin pays nothing. BTC traded at $63,072 with a market value of $1.27 trillion, down 46% in a year.

Foreign yields bite the same way. Japanese and European investors can now earn at home, which shrinks the global risk pool crypto draws on. Japanese government bond losses show the strain.

What Would Flip the Setup

Cause decides the outcome. Yields driven by growth punish Bitcoin. Yields driven by doubt over solvency should favor a scarce alternative.

Gold has taken that trade. The metal traded for $4,376 as of this writing, after a 32% year, even as U.S. debt interest costs keep climbing.

So watch auctions, not charts. Stronger demand for long-dated debt would ease the pressure on the Bitcoin price.

Until then the test is simple. Bitcoin was designed for a moment like this. It has never had to prove that at these yields.

The post Bitcoin Has Never Faced Global Bond Yields This High Since It Was Born appeared first on BeInCrypto.

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A seed phrase can be replaced. A password can be reset. A home address cannot. The SafePal data breach disclosed Sunday exposed nearly 40,000 of them.

Three days earlier, Trezor leaked 13,689 more. Together the two hardware wallet makers put 53,487 customer records into the open. Neither company lost a single coin.

What the SafePal Data Breach Exposed

SafePal said 39,798 customers were affected. The leak covered names, emails, phone numbers, shipping addresses, and order details.

The cause was a flaw in the plugin SafePal uses to track orders. In some cases, one customer could open another customer’s record.

Affected orders ran from March 2, 2025 to April 11, 2026. That window stayed open for more than 13 months.

Seed phrases, private keys, bank details, and card numbers were not touched. SafePal has patched the flaw and cut order data retention to 90 days, according to its disclosure.

SafePal Token (SFP) barely moved on Sunday, trading near $0.23. That is the point. Nothing financial happened here.

Why Leaked Addresses Outlast Leaked Passwords

Trezor learned of its own customer data breach on August 10. Its shipping partner, ShipMonk, had been compromised.

Full details leaked for 11,742 Trezor buyers, according to the company’s notice. Names, emails, phone numbers, and home addresses all went out.

The two failures differ at the root. Trezor’s data left through a supplier. SafePal’s left through a system it ran itself.

However, both lists are worth the same to an attacker. Buying a hardware wallet suggests you hold enough crypto to move it off an exchange.

So these records are narrower than a typical exchange leak. They match a likely self-custody holder to a confirmed front door.

Prosecutors Have Already Seen This Playbook

In May, US prosecutors announced charges against three Tennessee men over a $6.5 million robbery spree across California.

The men posed as delivery people to reach victims inside their homes, the indictment says.

A leaked shipping record hands that script to the next crew. It names the buyer, gives the address, and says what arrived in the box.

Phishing is the smaller problem. SafePal has removed more than 30 fake websites and scam links tied to the stolen data.

Real notices came from security@safepal.com. Anything from another address should be treated as an attack.

Ledger shows how long this tail runs. Its 2020 breach exposed roughly 272,000 postal addresses, names, and phone numbers, per the company’s statement.

Six years on, Ledger still warns customers about phishing letters arriving by post. The company does not tie those letters to the 2020 leak.

Scam domains come down. Inboxes get filtered. Addresses do not expire.

Trezor now plans an anonymous delivery option, reaching the European Union in September and the US by year end. It arrives too late for the 53,487 records already in circulation.

The post Over 53,000 Crypto Owners Lost Something This Week That Isn’t Money appeared first on BeInCrypto.

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Equity perpetual futures on major digital asset exchanges reached about $250 billion in monthly volume in July. That marks a seventeenfold jump from roughly $15 billion in April, showing how quickly the market has expanded in just three months.

According to analytics firm CryptoQuant, that expansion has turned crypto exchanges into round-the-clock venues for contracts linked to traditional equities. The products give users continuous access to familiar stocks without being limited by conventional market trading hours.

Binance Leads as AI and Chip Stocks Dominate Volume

Binance remained the dominant venue in July, handling roughly $193 billion in equity perpetual futures volume, equivalent to about 76% of the total market. Bitfer, Bybit, and Gate followed at a considerable distance.

CryptoQuant identified Gate as the fastest-growing venue during the month. Its equity perpetual futures volume increased by about 308% from June, compared with 176% for Bybit and 59% for Binance. The report also noted that Gate had recorded consecutive monthly growth since May.

Despite the broader rise in activity, trading remains concentrated across a small group of technology and semiconductor-related assets. SanDisk, SK Hynix, Micron, and the leveraged semiconductor ETF SOXL made up the core of what analysts describe as the AI-memory complex.

On Gate, in particular, the concentration was especially pronounced. SanDisk and SK Hynix together accounted for 53% of the exchange’s total equity perpetual futures volume last month.

Beyond Gate, the broader market also remained focused on companies linked to artificial intelligence and memory chips. This narrow concentration has made these assets the main focus of activity across the emerging equity perpetual market.

Crypto Platforms Push Beyond Traditional Assets

The products also reflect a broader shift in how digital asset exchanges are expanding beyond traditional cryptocurrency markets. Rather than focusing only on assets such as BTC and Ether, exchanges are offering perpetual contracts linked to traditional financial instruments.

At the same time, the approach allows crypto-native capital to access equity-linked products through infrastructure that operates continuously. The contracts therefore provide exposure to selected traditional assets while retaining the always-on structure associated with crypto markets.

However, CryptoQuant’s report shows a market that has expanded rapidly while remaining focused on a narrow group of assets. Whether activity eventually spreads across a broader range of equity perpetual contracts will depend on how the market develops beyond its current concentration.

The post Crypto Equity Perpetual Volume Hits $250B in July, Up 17x in Three Months: CryptoQuant appeared first on CryptoPotato.

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Bitcoin remains trapped in a low-momentum environment, with price action increasingly characterized by choppy consolidation rather than a decisive directional move. The lack of liquidity and volume continues to limit follow-through, while the current structure leaves room for another liquidity-driven move before a stronger trend develops.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, BTC is still moving sideways after the sharp correction from the $66K area. The broader structure remains compressed, with the price currently around $63K and trading well below the major descending moving averages. The 100-day MA is still acting as an important overhead reference, while the declining white trendline reinforces the broader resistance structure.

The main scenario remains a lack of momentum. With market liquidity and volume appearing limited, the asset has been unable to establish a sustained breakout in either direction, resulting in a prolonged and choppy sideways phase. The first significant resistance is located around $66.2K-$67.2K, where the horizontal supply zone and descending trendline converge.

On the downside, the $58.5K-$59.8K region remains the most important major demand area visible on the chart. A deeper move into this zone would not necessarily invalidate the broader recovery structure, but a decisive breakdown below it would significantly weaken the bullish case.

For now, the absence of volume and momentum favors continued consolidation rather than an immediate breakout.

BTC/USDT 4-Hour Chart

The 4-hour structure provides a more defined setup. BTC has been compressing between a descending upper trendline and an ascending lower trendline, creating a tightening range. The asset is currently trading close to the lower boundary of this structure, around $63K, making the ascending trendline the key near-term support.

A break below this trendline would introduce a bearish scenario. If the breakdown is confirmed with follow-through, BTC could first revisit the $60.3K-$60.9K support zone, followed by the broader $58.1K-$59.6K area. This would also bring the lower liquidity clusters highlighted on the liquidation heatmap into focus.

On the upside, the descending trendline around $64.5K-$65K is the first obstacle. Above that, the $66.2K-$67.2K zone represents a much stronger resistance area. A breakout through this region would be required to materially improve the short-term structure.

Therefore, the immediate setup is largely defined by the two converging trendlines. A break below the ascending support would favor a deeper correction, while a breakout above the descending resistance would invalidate the near-term bearish structure.

Sentiment Analysis

The Binance liquidation heatmap highlights a significant concentration of liquidity around the current consolidation range, with particularly notable clusters extending through the $53K-$56K region. There is also substantial liquidity above the market around $66K-$67K and at higher levels.

This distribution is important because the market has spent an extended period moving sideways without generating a decisive directional impulse. In such an environment, liquidity clusters can become potential targets before the next sustained move develops.

The lower liquidity concentration is particularly notable. The heatmap suggests that a liquidity hunt below the $58K region remains possible if the current 4-hour support structure fails. Such a move could sweep leveraged positions and provide the liquidity needed for a subsequent recovery. However, this remains a potential scenario rather than a confirmed bottom signal.

Overall, the charts continue to point toward a market lacking momentum and volume. A downside liquidity sweep, potentially extending below $58K, could precede a stronger bullish cycle, but BTC would first need to reclaim the key resistance zones and demonstrate meaningful volume expansion to confirm that transition.

The post Bitcoin Price Analysis: Will BTC Finally Break Out of Consolidation Next Week? appeared first on CryptoPotato.

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