Iran, Oman on verge of deal to control Hormuz traffic and charge 'service fees'

The Coldcard hardware wallet hack has ballooned to $116 million across four distinct waves, marking one of the largest cryptocurrency thefts of the year. Coinkite, the company behind the device, reveals the past three days have been among the most challenging in its history as attackers continue draining funds. What began as an estimated $30 million theft has more than tripled in less than a week, with the fourth wave of attacks still ongoing. This incident raises serious questions about hardware wallet security and the effectiveness of protective measures within the crypto ecosystem, while investors and exchanges closely monitor the attack's resolution.

Former President Donald Trump has publicly expressed his disapproval of what he calls 'excessive profits' from Exxon Mobil and Chevron, stating he 'doesn't like' the scale of their earnings. This stance signals potential government intervention in the oil sector, with possible consequences for global pricing and market stability. Trump's pressure on oil giants comes amid rising geopolitical tensions, where energy market dynamics are already volatile. Analysts warn that any regulatory measures targeting these companies could disrupt global supply, affecting prices and creating uncertainty for investors and consumers worldwide.

The first joint US-Japan yen intervention in 28 years has sent shockwaves through global financial markets. This coordinated action occurred amid record bond yields and mounting concerns about the yen carry trade, putting Bitcoin (BTC) and risk assets on high alert for potential liquidity flux.

Market analysts suggest that these coordinated currency interventions could ultimately benefit Bitcoin and risk assets by increasing global liquidity. The move reflects growing concerns from central banks about excessive volatility and financial market stability. Cryptocurrency investors are closely watching future developments, as liquidity flux could both boost and destabilize the crypto market.

Bitcoin holds steady at $63,600 as the US and Japan conduct rare joint intervention to support the yen, potentially impacting carry trade strategies. Sources indicate Japan may have spent up to $36.6 billion in the intervention, the first since 1998, creating uncertainty in cryptocurrency markets. Experts like Alvin Kan from Bitget Wallet suggest this measure can slow a disorderly slide of the yen but won't reverse the broader trend. Cryptocurrency investors are closely monitoring the development, as the coordinated action between the world's two largest economies could have significant implications for capital flows and appetite for risk assets like Bitcoin.

Senate Majority Leader John Thune reaffirms that a floor vote on the CLARITY Act is expected this week, despite the Senate having only four legislative days remaining before its August recess. This pivotal legislation aims to provide regulatory clarity for the cryptocurrency industry, addressing a critical pain point that has lingered for years. Thune's latest statement follows a pattern of previous promises and walkbacks, with similar assurances made as recently as July 23. The passage of the CLARITY Act would mark a significant milestone for the U.S. crypto ecosystem, potentially establishing a clear regulatory framework that protects innovation while ensuring consumer safeguards. The cryptocurrency market is watching closely, as regulatory clarity could drive institutional adoption and attract new investors to the space.