Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis

The U.S. Department of Justice (DOJ) is seeking approximately $47,000 in cryptocurrency allegedly stolen from five victims through a tech-support and government-impersonation fraud scheme. This civil forfeiture action marks an expanding effort by federal prosecutors to recover digital assets after scammers convert victims' funds through cryptocurrency ATMs.

The case specifically targets 47,461.73111 USDT (Tether), illustrating how law enforcement agencies are adapting to track and recover digital funds even after scappers have converted cash to crypto. As tech support scams and government impersonation schemes continue to plague cryptocurrency investors, this action demonstrates the DOJ's commitment to pursuing digital asset recovery and holding scammers accountable in the evolving landscape of crypto crime.

Russia has significantly expanded its cryptocurrency mining ban to include Moscow, the Moscow Region, and parts of the Kursk Region, with the measure set to take effect on August 15, 2026, and remain in place through December 31, 2032. The prohibition, formalized through Resolution No. 936 signed by Prime Minister Mikhail Mishustin, aims to address electricity supply concerns in densely populated metropolitan areas.

This expansion represents a significant blow to the cryptocurrency mining industry in Russia, as the capital and its surrounding areas are potential hubs for large-scale mining operations. The measure amends an earlier mining restriction order issued in December 2024 and adds eight municipal districts and the city of Lgov in the Kursk Region to the list of restricted areas, reflecting the government's cautious approach toward energy consumption and digital asset regulation.

Ethereum (ETH) is trading at a critical juncture near $1,850 where bearish divergence and channel breakdown clash with continued ETF inflows. The cryptocurrency faces a decisive moment that could determine whether it will test the $2,000 resistance or hold support at the $1,680 level. This battle between bearish pressures and positive fundamentals reflects the current tension in the cryptocurrency market, where investors are closely monitoring ETH movements. Continued ETF inflows continue to provide support, while technical indicators point to potential correction. The outcome of this critical juncture could define the next major move in the cryptocurrency market.

BNB Chain has officially disavowed an unauthorized meme token created by a former employee, highlighting critical vulnerabilities in credential management within blockchain firms. This incident allows for unauthorized actions post-employment, posing significant risks to the project's reputation and user trust. The situation raises serious questions about governance and security in cryptocurrency projects as the sector continues to expand. Investors and users must be aware of the risks associated with unofficially endorsed projects, emphasizing the fundamental importance of source verification and transparency from blockchain companies.

AAVE faces a critical juncture as it tests the $88.38 support level following a 7% single-session drop to $90.93. With top traders holding 61% long positions and the price near the lower Bollinger Band, the market awaits a potential recovery move toward the $100 mark with bated breath.

The current consolidation of AAVE comes amid Q4 crypto market uncertainty, where the maintenance of the $88.38 support could trigger a significant recovery. Analysts warn that a breakdown below this support level could lead to additional selling pressure, while its sustenance would pave the way for a potential year-end rally, positioning AAVE as one of the standout assets in the cryptocurrency landscape.