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5h ago

Bitcoin Held Near $65K as $850M Weekly ETF Inflows Confront Security Breaches and a Minority Fork

Renewed institutional buying is propping prices despite hardware-wallet and Lightning-node breaches and a developing minority fork that raise custody and replay-attack risks before U.S. CPI.

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Bitcoin’s price barely blinks amid coldcard sweeps and bip 110’s collapse

Overview

  • U.S. spot Bitcoin ETFs recorded roughly $853M–$865M in net inflows for the week ended Aug. 7, driven largely by BlackRock’s IBIT, which helped stabilize the market but did not push BTC decisively above $65k–$66k.
  • A Coldcard hardware-wallet firmware flaw that began producing on-chain thefts around July 30 led to the loss of about 1,700–1,816 BTC and has forced affected users to move funds and install patched firmware or recreate wallets.
  • On Aug. 8–9 an actively exploited BTCPay Server vulnerability let attackers grab Lightning-node ‘macaroon’ credentials that can close channels and move funds, prompting developers to tell operators to update or take servers offline.
  • A proposed BIP-110 activation created a small minority chain and raised warnings about replay attacks for holders who sell forked coins without first separating balances.
  • On-chain analytics show a surge in new wallets and transfers tied to defensive migrations, and market participants are watching whether ETF flows remain steady and the U.S. CPI report on Aug. 12 will clear the path for a sustained breakout.