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Bitcoin Surge Lifts Crypto Stocks as Miners, Treasury Firms Soar

Crypto stocks finished the week on a strong upswing as Bitcoin reclaimed the upper end of its recent trading range. The latest leg of the rally coincided with a broader improvement in risk sentiment following an announcement from the US Treasury about doubling certain long-dated bond buybacks—an action intended to support liquidity in the Treasury market. That macro tailwind fed directly into shares linked to digital-asset demand and balance-sheet exposure. According to market data cited by Cointelegraph, Bitcoin rose above $79,000 during Friday’s trading, while major crypto-related equities posted double-digit gains. Key takeaways Bitcoin’s move above $79,000 helped lift publicly traded miners and crypto treasury companies, including Canaan, Strive and Metaplanet. US Treasury’s decision to double select long-dated bond buybacks was framed as liquidity support, boosting overall risk appetite. Crypto exchange and brokerage stocks such as Coinbase and Robinhood also advanced sharpl...
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63% of Americans Believe President Trump’s Crypto Profits Are Inappropriate

A Reuters survey found that 63% of respondents believe President Trump and his family profiting from crypto is inappropriate, while 32% believed it was appropriate. Breaking down the respondents further, 69% of Republicans considered the profits appropriate, while an overwhelming 92% of Democrats believed they were inappropriate. Survey Results The nationwide survey was conducted between August 14 and August 17 by Reuters and Ipsos, and interviewed 1,166 adults. The survey has a margin of error of around three percentage points. The survey reignited the ethical debate around President Trump and his family’s crypto investments while he is in office. Understandably, views were divided by political leanings, as Republican supporters found the earnings appropriate, while Democratic Party supporters called them inappropriate. “New Reuters/Ipsos poll: 69% of Americans, including 48% of Trump's own voters, say his business interests are influencing his presidential decisions. His crypto v...
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Coldcard Firmware Update Improves Seed Generation Security

Coinkite has released a major security upgrade for its Coldcard hardware wallets aimed at strengthening seed-phrase generation by forcing users to contribute unpredictable entropy. The change is designed to ensure private keys remain hard to predict even if one of the device’s randomness sources underperforms. In a Thursday blog post, Coinkite announced firmware 5.6.1 for the Coldcard Mk4 and Mk5, and 1.5.1Q for the Coldcard Q. The company said affected users must upgrade immediately and—critically—replace any existing seed phrases before moving funds. Key takeaways Coinkite’s new firmware changes how Coldcard generates seed phrases by mixing user-supplied entropy with multiple device randomness sources. For newly generated wallets, the firmware requires user input via at least 65 keypresses with unpredictable timing (or equivalent die/coin-rolling actions). Even after upgrading, previously generated seed phrases remain vulnerable and must be replaced with new seeds before migrat...
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Coldcard Firmware Update Improves Seed Generation Security

Coinkite has rolled out a major security firmware upgrade for its Coldcard hardware wallets, aiming to harden seed phrase generation against a class of failures that can leave private keys more guessable than they should be. The company says the updates—Coldcard firmware 5.6.1 for Mk4 and Mk5 and 1.5.1Q for the Coldcard Q—change how new wallet seeds are created by requiring user-supplied entropy and combining it with multiple onboard sources of randomness. The move comes as confirmed losses from the Coldcard exploit continue to be tallied. According to an Aug. 14 report by Galaxy Research , confirmed theft reached 1,778 BTC (about $112 million ). Galaxy’s reporting also places the incident among the year’s largest crypto hacks, with DefiLlama’s aggregated data ranking it as the third-largest exploit of 2026. Key takeaways Coinkite’s firmware updates require new seed phrases to include user-supplied entropy collected through interactive user actions. Coinkite says the collected ...
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Bitcoin (BTC) Climbs Above $75,000 As $3 Billion Short Squeeze Powers Rally

Bitcoin (BTC) climbed above $75,000 on Friday, continuing its strongest rally in months. The flagship cryptocurrency is on track to record its best week in over two years as improving regulatory sentiment, lower bond yields, and a $3 billion short squeeze push prices higher. The flagship cryptocurrency surged over 7% on Wednesday and another 5.36% on Thursday, decisively crossing $70,000 and closing at $73,011. The price is up 3.42% during the ongoing (Friday) session at $75,411. Short Squeeze and Macroeconomic Headwinds Power Bitcoin Rally The flagship cryptocurrency is up almost 8% over the past 24 hours and nearly 20% over the week, and remains on course for its highest weekly gain in over two years. The broader cryptocurrency market has also pushed higher, with Ethereum (ETH) up nearly 5%, Ripple (XRP) up 17%, and Solana (SOL) up over 5%. 24-hour trading volume has risen to $137.28 billion, while the overall cryptocurrency market cap rose 6.79% to $2.53 trillion. The most telling s...
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Bitcoin Treasury Strategy Breakeven Achieved as BTC Tops $77K

Bitcoin pushed to fresh highs on Friday, revisiting the $77,000 area and trading at levels not seen since late May. The rally coincided with renewed confidence around Strategy’s corporate treasury position, which had been under scrutiny after the firm’s earlier BTC sales. According to TradingView data cited in the report, BTC/USD posted local highs above $77,400 before the week’s final Wall Street session. The move also placed Strategy’s holdings back above its stated cost basis, a threshold that matters to investors watching whether the company’s Bitcoin-backed capital strategy remains sustainable. Key takeaways Bitcoin reached about $77,000, its highest level since May 26, after trading above key resistance and reclaiming important technical levels. Strategy’s Bitcoin treasury returned to profit versus its reported cost basis of $75,385 for 840,447 BTC. On-chain analytics from Glassnode highlighted a dense realized-price cost-basis cluster forming below $70,000, with roughly 11...
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MANTRA Token Drops 18% to New Low as Blockchain Halts

MANTRA’s native token has come under sharp selling pressure after the MANTRA Chain network stopped producing blocks, with the project citing an unexplained incident and ordering a precautionary halt. The pause has also triggered practical disruptions for users, as assets can’t move on the chain and exchanges have suspended deposits and withdrawals while they assess impact. According to CoinGecko data, MANTRA fell from $0.005060 to an all-time low of $0.004126 shortly before 11:00 pm UTC on Thursday. Although the token later recovered to around $0.0044, it remained down roughly 10% over the past 24 hours. At the same time, trading volume reportedly climbed nearly 600% to $24 million, reflecting heightened attention around the outage. Key takeaways MANTRA Chain halted block production and froze endpoints and transactions as a precaution while the team investigates an incident. CoinGecko shows MANTRA trading near a record low around 11:10 pm UTC Thursday, followed by a partial rebound...
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