Bitcoin was trading above $65,170 on Friday, up nearly 4% over the week, despite the massive hack of Coldcard wallets that allowed the theft of over $130 million in Bitcoin. The crypto market structure bill, expected to be bullish for the market, was also delayed until September by U.S. lawmakers. However, flows into Bitcoin ETFs continued, with $763.6 million in fresh cash since the beginning of the week, particularly into BlackRock’s iShares Bitcoin Trust and Morgan Stanley’s fund. A firmware flaw in Coldcard hardware wallets, built by Canadian company Coinkite, allowed attackers to guess weak private keys.
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