
Bithumb sets 2028 IPO date, cleans up controls	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

August 3, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

🪙 Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases
🏦 Bithumb targets 2028 IPO with preliminary review in 2027
🔐 Coldcard flaw reveals hardware wallet testing gap
📰 Keep reading for all of today’s biggest headlines

Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases

Strategy sold 1,638 Bitcoin for $104.7 million—its second-largest BTC sale of the year—at an average price of roughly $63,900 per coin. The proceeds are earmarked to fund dividend payments and repurchase shares of its preferred STRC stock, which is currently trading below its target value. This sale follows similar moves in July and June, underscoring the company’s ongoing effort to manage its cash reserve and maintain dividend coverage while navigating market conditions. Despite the reduction, Strategy continues to hold a substantial Bitcoin position, and management has signaled that these transactions are part of a broader treasury strategy rather than a shift in its long-term bullish stance on cryptocurrency.

Get the Details

Bithumb sets 2028 IPO timetable as it overhauls internal controls

Bithumb announced plans to apply for a preliminary listing review in 2027 and complete an IPO in 2028, while overhauling internal controls and shifting to international accounting standards. The move follows a February error that temporarily credited customers with 620,000 Bitcoin, prompting regulatory scrutiny and a restructuring that includes spinning off Bithumb Asset. The timetable may shift depending on market conditions and reviews, as rival Korean exchanges also deepen ties with traditional finance groups.

Get the Full Story

Coldcard’s 5-year flaw reveals hardware wallet testing gap: Kraken’s security chief

Kraken’s security chief says Coldcard’s five-year seed-generation flaw exposes a broader industry gap: independent tests confirm a hardware wallet’s random number generator exists, but not that production firmware actually uses it. The bug, which drained nearly $90 million in Bitcoin, slipped through because auditors never verified the intended entropy source was being called. He urges hardware wallet makers to adopt end-to-end verification standards like those used in payments and government crypto modules.

How Fake World Assets and onchain gacha became crypto’s latest craze

Fake World Assets (FWAs) are the latest crypto craze: users pay to spin an onchain “gacha” machine for a random NFT, which is usually low value but sometimes a jackpot. Launched by TokenWorks, FWAs quickly became Ethereum’s biggest gas consumer by fees, generating $1.53 million in a single day and attracting over $6 million in total value locked. The mechanic lets NFT holders deposit collectibles as liquidity, while players gamble for a chance to pull a prize—most choosing to redeem its ETH value instead of keeping the NFT.

Not everyone believes the boom will last. Critics argue activity is driven by generous token incentives rather than genuine demand, calling it a Ponzi-like scheme for degens. Supporters counter that gamified collectibles have broad appeal, from Pokemon cards to tokenized stocks, and that the lottery-like experience itself is part of the fun. The real test will come once incentives fade: if users keep spinning, onchain gacha may finally give crypto a retail use case; if not, it will join past crypto fads that burned out quickly.