Crypto News, July 31: July Round Up, Kospi Coming Back, Bitcoin Price Ignores Political Noise as Market Splits
The Kospi ended July with a powerful rebound, while the Bitcoin price stayed remarkably steady despite several major headlines. We watched the Kospi recover sharply as the Bitcoin hovered near $64,300, showing little interest in politics, stock market swings, or a major crypto security breach.
July closed with markets moving in different directions. South Korean equities staged an impressive comeback, while crypto traders chased memecoins and tokenized assets instead of pushing Bitcoin higher. Even so, Bitcoin continued trading within a familiar range, reflecting patience.
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Bitcoin Price Stays Calm After Hardware Wallet Exploit
A major security incident became one of Friday’s biggest crypto stories. An attacker exploited a flaw affecting older Coldcard Mk3 hardware wallets, draining 594 BTC from around 500 single-signature wallets in less than 30 minutes.
The vulnerability reportedly traced back to firmware version 4.0.1, where a weakness in random number generation made some wallet seeds predictable. Many affected wallets had remained untouched for years before the coordinated theft unfolded across three blockchain blocks.
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