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The market is trying to stabilize after a rough week, but traders are still staying cautious. The CLARITY Act remains a major focus as Senate Leader John Thune says the bill could still get a vote before the August 7 recess. However, time is running out, with only four working days left and the bill needing 60 votes to move forward.
$BTC ( ▲ 1.88% ) is trading around $63,940 while $ETH ( ▲ 1.42% ) sits near $1,866. Both are showing small recoveries, but Bitcoin remains below its 200-day moving average - the bigger trend is still under pressure.
Here’s what we got for you today:
👀 Crypto is only as safe as your wallet habits
⭐ Tom Lee’s 2027 bull case
⭐ Coldcard’s $130M disaster
🔥 Burning hot takes for the road
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A lot of people focus on buying the right coins, but ignore the most important part: protecting what they already own.
This guide breaks down the basics of crypto security - from hot wallets vs. cold wallets, how seed phrases work, and why self-custody matters. You’ll learn how to:
choose the right wallet for trading or long-term holding
protect your seed phrase from hackers and scams
avoid common mistakes that put your crypto at risk
build safer habits for managing digital assets
Why this matters: Whether you’re holding your first $100 in crypto or managing a bigger portfolio, understanding wallet security can save you from the one mistake that cannot be reversed.
🚀 THE NEXT FEW MONTHS COULD DECIDE IF BTC IS READY FOR MORE…
Wall Street is sending a mixed message right now.
Tom Lee is calling 2027 one of the strongest years for stocks, while Jim Cramer is telling investors to buy major tech names during market dips. But on the crypto side, Cramer is making the opposite move: he says he plans to sell all of his Bitcoin because of future quantum computing risks.
Is this a temporary fear cycle, or are investors missing a bigger opportunity?
1/ Why Tom Lee thinks 2027 could be a breakout year
Tom Lee from Fundstrat believes the recent stock market weakness was driven more by forced selling than by weak fundamentals.
A major AI-focused fund reportedly suffered heavy losses after leveraged bets on AI stocks moved against them, creating a wave of selling pressure across markets.
According to Lee, company earnings expectations have continued improving while stock prices pulled back. That gap creates what he calls a “coiled spring” setup.
He believes two big concerns could disappear by next year:
The first is SpaceX ($SPCX ( ▲ 2.12% ))’s lock-up period. Once the restrictions end, more shares could enter the market and reduce selling pressure.
The second is the Fed’s new leadership. Kevin Warsh is still early in his role, and Lee expects inflation to cool as housing prices and wage growth slow. This could create a better environment for risk assets.
He expects the S&P 500 could reach 7,800, with 2027 potentially becoming one of the strongest years for equities if earnings continue growing and inflation cools.
2/ Cramer likes Amazon, but not Bitcoin
Jim Cramer is also staying bullish on stocks.
His pick during any market weakness is Amazon, pointing to the strength of its cloud business. Amazon Web Services generated $42.23 billion in revenue in the latest quarter, up 37% year-over-year, reinforcing the AI infrastructure growth story.
However, Cramer has a very different view on Bitcoin.
He says he is selling his entire $BTC ( ▲ 1.88% ) position because of concerns that future quantum computers could eventually threaten Bitcoin’s cryptographic security.
3/ Should Bitcoin holders worry about quantum computing?
Quantum computing is a real technology risk, but the timeline for machines powerful enough to break Bitcoin’s encryption remains uncertain. The Bitcoin network has also shown an ability to adapt through upgrades when new threats appear.
Lee is betting on a cycle driven by AI, earnings growth, and improving liquidity. Cramer is moving away from Bitcoin because he sees a long-term technology risk.
For crypto investors, the key question remains the same: are you reacting to short-term fear, or are you looking at where the financial system is heading over the next few years?
Right now, the market is still rewarding patience over panic.
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🚨 YOU OWN YOUR KEYS… BUT ARE THEY REALLY SAFE? COLDCARD FACES $130M HACK LOSSES
A major reminder just hit the Bitcoin community: owning your keys does not automatically mean your crypto is untouchable.
Galaxy Research estimates that losses from the ongoing Coldcard hardware wallet attacks could grow to around 2,000 BTC, worth roughly $130 million, making it one of the largest Bitcoin security incidents in recent years.
The attack is especially concerning because it targets one of crypto’s most trusted principles: self-custody.
1/ Thousands of wallets affected
According to Galaxy Research, attackers have already stolen around 1,596 BTC from more than 7,300 addresses across three confirmed attack waves.
The issue appears to affect certain Coldcard models, including Mk3, Mk4, Mk5, and Coldcard Q, due to vulnerabilities related to how wallet seeds were generated.
Coinkite, the company behind Coldcard, has released emergency firmware updates and destroyed remaining vulnerable inventory to prevent further exposure.
Galaxy believes a potential fourth attack wave could push total losses to around 2,055 BTC ($130 million), although those additional victims have not been fully confirmed yet.
2/ The attack looks highly automated
What makes this incident stand out is the scale and speed.
The first reports appeared on July 30, with attackers appearing to run automated sweeps across vulnerable wallets. Galaxy researchers even suggested the process may have involved AI-assisted tools.
The stolen Bitcoin has not moved yet. Galaxy reported that 90% of stolen coins remain untouched, and all BTC from the first three confirmed waves is still sitting in the attacker’s wallets.
However, the threat is still active.
Galaxy is working with law enforcement, exchanges, and security teams to track attacker addresses and help identify more affected wallets.
3/ The self-custody lesson
Hardware wallets are still one of the safest ways to store crypto, but this event shows that security depends on the entire setup - from seed generation to firmware and wallet management.
If you use an affected Coldcard device, the recommendation is simple: move your funds to a secure wallet and create a new seed using updated firmware.
🔥 BURNING HOT TAKES FOR THE ROAD
Michael Saylor says he never sold Bitcoin. MicroStrategy did, as the company moved $BTC ( ▲ 1.88% ) to manage liquidity and corporate strategy. Read more
South Korea’s Bithumb is targeting a 2028 IPO, as the crypto exchange looks to expand beyond its domestic market and compete globally. Read more
BlackRock launched tokenized funds on Ethereum ($ETH ( ▲ 1.42% )) and filed for Solana ($SOL ( ▲ 2.02% )) expansion. Read more
An FBI agent allegedly stole $1M+ in crypto and reportedly used ChatGPT to plan a vacation, adding another bizarre chapter to the case. Read more
Mastercard completed its $1.8B BVNK acquisition to expand stablecoin payments. Read more
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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.
