Bitcoin demonstrated resilience this week, holding above $64,500 despite the largest self-custody breach in its history. Hackers exploited a firmware flaw in Coldcard hardware wallets, draining approximately $116 million across more than 5,200 addresses in four waves. Galaxy Research tracked 1,367 BTC stolen across 4,585 addresses before a fourth wave pushed total losses beyond the $116 million mark, according to CoinDesk.
Despite the severity of the exploit, BTC remained relatively stable, bouncing off support at $60,000 and trading near $64,514, according to CoinMarketCap. Options activity on Deribit showed heavy call buying at $68,000 and $70,000, suggesting traders anticipate a recovery. The market appeared to shrug off the news, a pattern often seen during panic events where large holders accumulate while retail exits.
In a separate development, Hyperliquid set a new record for decentralized exchanges, generating $25.1 billion in weekly trading volume from tokenized real-world assets (RWAs) between July 13 and 19. That figure accounted for 52% of the platform’s $48.2 billion total volume, per Cointelegraph. The surge was driven by perpetual futures on oil, equities, and indices, and the platform earned $7.6 million in revenue that week, making it the third-highest earning crypto application behind only Tether and Circle.
The HYPE token, which powers Hyperliquid, is trading at $55.92, down from its all-time high of $76.70 but still up over 100% since the start of the year. The tokenized RWA trend is gaining traction, as the number of RWA holders on the platform jumped 32% in a single month to 1.25 million users, indicating growing institutional interest.
