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Bitcoin and ether dip as $114M Coldcard hack shakes crypto confidence

Market News
03 Aug 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin and ether prices fell modestly after a $114 million hack of the Coldcard hardware wallet raised concerns about the security of self-custody in crypto holdings. Despite the significant theft, Bitcoin's price dropped only about 1.5% to around $62,595, and ether declined nearly 2% to $1,842, indicating a relatively restrained market reaction. The hack has led some holders to move coins back to exchanges, reversing the trend toward self-custody. Meanwhile, derivatives markets show mixed signals with increased Bitcoin futures open interest but a bearish skew, and options trading dominated by bullish call bets. Separately, NEAR Protocol announced over $24 billion in lifetime volume for its Intents system and introduced advanced features like quantum-safe cryptography and AI compute staking, highlighting ongoing innovation in the crypto space.

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