edgeX Daily Briefing, August 4, 2026: Bitcoin Wallet Losses Near $89M, Strategy Sells BTC, and the Dow Hits a Record
Key Takeaways
- •The Coldcard Bitcoin hardware wallet exploit expanded to include 462 additional suspected victims, bringing total tracked losses to about $88.6 million.
- •Strategy sold 1,638 bitcoin for roughly $104.7 million to fund preferred-stock dividends, though it retains 842,138 BTC.
- •U.S. stocks rallied to record levels, led by a 2.1% gain in the Nasdaq and a 1.3% rise in the Dow, as falling oil prices eased inflation worries.
- •Palantir's stock jumped approximately 12% following a strong quarterly report that highlighted nearly 150% growth in U.S. commercial revenue.
- •Brent crude prices dropped 4.7% to $83.77 per barrel after President Trump decided to hold off on new strikes against Iran.
Yesterday’s Biggest Headlines
Crypto Market Watch
1. The Coldcard Bitcoin exploit entered a fourth wave. Yahoo Finance reported that 462 additional suspected victims were identified, taking tracked losses to about $88.6 million, according to Galaxy Research. The incident concerns compromised wallet security, not the Bitcoin network itself.
2. Bitcoin slipped below $63,000 as crypto-linked stocks came under pressure. Yahoo Finance reported that Circle led early losses after Morgan Stanley downgraded CRCL to Underweight and cut its price target to $38 from $106. Coinbase, Strategy, and BitMine also traded lower early in the session.
3. Strategy sold 1,638 bitcoin for about $104.7 million. FinanceFeeds reported that the company used the proceeds to support preferred-stock dividends and STRC repurchases, reducing its holdings to 842,138 BTC. The sale put renewed attention on the financing demands behind corporate bitcoin-treasury strategies.
4. Trump Media moved 2,628 bitcoin worth about $165 million to Crypto.com. FinanceFeeds reported that the company described the transfer as a custody move rather than a sale, addressing speculation triggered by the on-chain transaction.
Equity Market Moves
5. U.S. stocks surged as lower oil prices eased inflation concerns. The Associated Press reported that the S&P 500 gained 1.5%, the Dow rose 1.3% to a record close, and the Nasdaq advanced 2.1%.
6. Palantir jumped after a stronger-than-expected quarter. CNBC reported that the shares rose about 12% after the company beat second-quarter expectations, lifted its revenue outlook, and posted nearly 150% growth in U.S. commercial revenue.
7. Asian technology markets remained volatile. The Associated Press reported that South Korea's Kospi fell 5.1% after Friday's record 17.9% surge, while Japan's Nikkei 225 declined 0.9% after coordinated U.S.-Japan action strengthened the yen.
Commodities Watch
8. Brent crude fell 4.7% to $83.77 a barrel. The Associated Press attributed the retreat to President Donald Trump's decision to hold off on new strikes against Iran, which reduced the immediate risk premium around Persian Gulf oil flows.
Today’s Watchlist
- Bitcoin's response around the $63,000 area as markets assess the Coldcard exploit and corporate treasury selling
- Crypto-linked equities after Circle's downgrade and Strategy's latest bitcoin sale
- Palantir's post-earnings move and its effect on broader AI-software sentiment
- U.S. Treasury yields after the 10-year yield fell to 4.68% on Monday
- Asian equity volatility after the Kospi reversal and the yen's appreciation
- Brent crude follow-through as traders weigh Iran diplomacy against continuing supply risk
edgeX Market Lens
Monday's split market showed why cross-asset context matters. Lower oil supported equities and bonds, but Bitcoin did not share the rally as crypto-specific security and treasury headlines weighed on sentiment. The next test is whether BTC can stabilize while traditional risk assets retain their momentum.
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