Crypto Breaking News

South Korea Sees $367M Stablecoin Outflows as Flows Shift Stablecoin transfers from South Korea to overseas crypto platforms surged again in June, underscoring how much demand from local users continues to flow outside domestic rails. According to Financial Supervisory Service (FSS) data cited by Yonhap News Agency, South Korea recorded stablecoin outflows of 560.3 billion won (about $367 million) to foreign exchanges—marking an 18-month streak of net outflows. The same FSS data, obtained by People Power Party lawmaker Lee Jong-wook, points to a large volume of cross-border movement through the country’s five major exchanges: Upbit, Bithumb, Coinone, Korbit and Gopax. In June, these platforms transferred 2.7 trillion won (about $1.81

ZeroStack's Ability To Continue As A Going Concern In Doubt After 0G Token Collapse ZeroStack says funding operations via 0G token reward sales is in jeopardy after the token’s sharp collapse, raising questions about its ability to remain a going concern.

ZeroStack Flags Survival Risk After $82.5M Crypto Loss Nasdaq-listed crypto treasury company ZeroStack has raised serious questions about its financial runway, warning in a recent SEC filing that “substantial doubt” exists about whether it can keep operating for the next year. The assessment marks a sharp reversal from its view just a quarter earlier, highlighting how dependent the company’s plan is on staking income and the liquidity of its Zero Gravity (0G) token. In a Form 10-Q filed with the U.S. Securities and Exchange Commission on Friday, ZeroStack reported $2.6 million in cash and negative working capital of $600,000 as of June 30, along with an accumulated deficit of

ZeroStack Flags Survival Risk After $82.5M Crypto Treasury Loss Nasdaq-listed crypto treasury firm ZeroStack has told the market that “substantial doubt” exists about whether it can keep operating over the next year, according to a recent SEC filing. The warning marks a notable shift from the company’s earlier assessment, where it said its liquidity position was expected to support operations for at least another year. In a Form 10-Q filed with the US Securities and Exchange Commission on Friday, ZeroStack reported $2.6 million in cash as of June 30, negative working capital of about $600,000, and an accumulated deficit of $339.1 million. The company also recorded an $82.5 million fair

Coldcard Vulnerability Highlights Hardware Wallet Testing Gaps, Kraken Coldcard’s five-year seed-generation flaw has become more than a single-vendor incident, with Kraken’s chief security officer Nick Percoco arguing that it highlights a structural gap in how hardware wallets are independently tested. In particular, he says security reviews often verify that the “right” entropy source exists in the codebase, but may not confirm that production firmware actually calls the validated randomness path. Percoco’s warning follows an ongoing exploit campaign widely believed to target weak seed phrases produced by affected Coldcard devices. As of Sunday, more than 4,500 addresses were reported impacted, with losses estimated at nearly $90 million in Bitcoin, according

South Korea Sees $367M Stablecoin Outflows in June, Report Shows South Korea extended a long-running outflow trend as stablecoins continued to leave the country for offshore trading platforms. In June, the nation recorded net stablecoin outflows of 560.3 billion won (about $367 million), keeping South Korea’s streak of monthly net outflows at 18 consecutive months. The latest numbers, reported by Yonhap News Agency using data from the Financial Supervisory Service (FSS), point to large-scale transfers by South Korea’s biggest crypto venues. Yonhap said the five major exchanges—Upbit, Bithumb, Coinone, Korbit and Gopax—sent 2.7 trillion won (about $1.81 billion) in stablecoins overseas in June while receiving 2.2 trillion won (about $1.44 billion)

Coldcard’s 5-Year Flaw Shows Hardware Wallet Testing Gaps, Kraken Chief Coldcard’s five-year seed-generation issue has turned into a wider debate over how hardware wallets are independently verified, according to Kraken’s chief security officer Nick Percoco. In an X post on Sunday, Percoco said the incident should prompt makers of self-custody devices to require end-to-end checks that confirm the randomness source reviewed in testing is the same one actually executed by production firmware. The comments arrive amid an ongoing exploit believed to target vulnerable Coldcard devices by abusing weak seed phrases. By Sunday, more than 4,500 addresses had reportedly been affected, with losses estimated at nearly $90 million in Bitcoin, according to

Coldcard exploit drives Bitcoin outflows as “hodlers” consolidate—Aug 2 digest Recent activity around Coldcard hardware wallets has reignited concerns about the safety of seed generation. Galaxy Research, the research arm of Galaxy Digital, estimates that a third weekend wave of attacks tied to Coldcard-generated addresses resulted in losses totaling 1,367 BTC (about $88.6 million) across 4,585 addresses. At the same time, on-chain data suggests that smaller Bitcoin holders have been moving quickly toward exchanges or other custody routes. CryptoQuant head of research Julio Moreno said that on Friday, Bitcoin transfers below 1 BTC reached their highest daily level since 2022, with 39,600 BTC moved—just 300 BTC shy of the 39,900 BTC

Coldcard Hack Fallout Widens as Bitcoin Losses Hit $88.6M Bitcoin has seen a spike in very small transfers—moves of less than 1 BTC—that match the intensity last observed around the collapse of FTX. The renewed activity comes as researchers continue to track a suspected Coldcard wallet-related hack, underscoring how quickly users are reacting when self-custody tools appear compromised. According to CryptoQuant head of research Julio Moreno, Friday recorded the highest daily level of sub-1 BTC transfers since November 2022, with 39,600 BTC moved. The total was just 300 BTC below 39,900 BTC transferred on Nov. 16, 2022, shortly after FTX filed for bankruptcy. Moreno framed the comparison as a sign

Trump Media Moves 2,628 BTC to Crypto.com, Wallet Drops to 4,261 Trump Media & Technology Group, the parent company behind the Truth Social platform, has continued trimming its Bitcoin exposure, according to on-chain tracking shared by Lookonchain. The latest activity adds to a months-long pattern of sales that have significantly reduced the company’s reported BTC balance. In transfers identified by Lookonchain using Arkham data, Trump Media-linked wallets sent 2,628 BTC to Crypto.com. The move is reported to be worth roughly $165 million, extending a selling cycle that began about seven months ago. Key takeaways Trump Media-linked wallets reportedly transferred 2,628 BTC (about $165M) to Crypto.com, per Lookonchain’s analysis of Arkham data. Lookonchain