DATADATA Network Price

The number of Bitcoin wallets has reached its highest level since 2026, driven by growing concerns over the Coldcard hardware wallet exploit. Data from Santiment shows a surge in network activity, with 751,000 active wallets and 2.27 million new wallets created recently. Daily active addresses peaked at approximately 978,000 on July 31st. Notably, this increase was not accompanied by a corresponding rise in exchange inflows, which remained slightly below July's average. This divergence suggests a defensive market posture, likely due to users migrating funds from potentially compromised wallets. The vulnerability stemmed from a firmware flaw in certain Coldcard models (Mk3, Mk4, Mk5, and Q), where seed phrase generation relied on a software-based random number generator instead of the dedicated hardware entropy chip. This drastically reduced cryptographic security, leaving some devices with as little as 40 bits of real randomness. Reported losses have exceeded $116 million, with thefts continuing in waves. The data indicates that security-conscious owners of affected devices are likely creating new wallets on secure hardware and transferring their coins, explaining the spike in new and active addresses without increased trading activity. Coinkite has since released a firmware patch and a report detailing the issue. Experts emphasize this is not a Bitcoin protocol flaw but a supply-chain issue specific to one manufacturer's implementation. The incident highlights how a narrow, fixable firmware bug can significantly impact key blockchain metrics and market sentiment, amplified by coinciding discussions about unrelated Bitcoin fork proposals.

France is tightening oversight of cryptocurrency users by advancing legislation to join an international tax data-sharing framework. On July 17, Minister Jean-Noël Barrot presented bill No. 921 to the Senate, aiming to implement the OECD's Crypto-Asset Reporting Framework (CARF). This law would integrate CARF into French legislation, enabling the automatic exchange of detailed cryptocurrency transaction information with 48 other countries that signed the agreement in November 2024. The data shared would include user names, addresses, taxpayer IDs, residence details, and aggregate transaction amounts. This move extends France's international data exchange efforts, aligning with the upcoming EU DAC-8 directive set for 2027. The push for greater transparency comes amid rising security concerns in France, including a reported increase in violent "wrench attacks" targeting crypto holders. A recent Chainalysis report noted 30 such incidents by 2026, potentially linked to a tax official allegedly selling data on wealthy French crypto owners. These developments have alarmed the crypto community. Earlier this year, France repealed a rule requiring self-custody crypto holders to declare assets to tax authorities, as lawmakers deemed verification of such reports impossible.

Weekly Cryptocurrency Token Unlock Schedule The cryptocurrency market partially recovered last week as U.S. economic data reduced the likelihood of a Federal Reserve rate hike. Bitcoin rose over 2%, and major altcoin indexes increased by 1.92%. However, a significant number of token unlocks are scheduled for various altcoins in the coming week. The unlocks, presented in UTC+3 time, are as follows: **August 10:** Velvet (VELVET) unlocks $4.89M (2.47% of market cap), Babylon (BABY) unlocks $2.98M (5.29%), DOME (DOME) unlocks $1.82M (4.55%), and Linea (LINEA) unlocks $1.76M (3.23%). **August 11:** Allora (ALLO) unlocks $1.16M (1.84%), Holoworld AI (HOLO) unlocks $2.47M (4.69%), io.net (IO) unlocks $1.29M (2.70%), Nereus (NRS) unlocks $1.13M (31.04%), and Mocaverse (MOCA) unlocks $1.30M (3.96%). **August 12:** Aptos (APT) unlocks $6.76M (1.34%) and Pump.fun (PUMP) unlocks $22.15M (2.27%). **August 13:** Unitas Labs (UP) unlocks $3.22M (6.29%). **August 14:** Chainbase (C) unlocks $1.49M (6.00%). **August 15:** StarkNet (STRK) unlocks $3.19M (1.88%) and Cyber (CYBER) unlocks $1.29M (5.70%). **August 16:** Arbitrum (ARB) unlocks $7.27M (1.42%), Alaya AI (AGT) unlocks $2.53M (3.22%), GoPlus (GPS) unlocks $1.60M (2.94%), Magma Finance (MAGMA) unlocks $2.27M (5.48%), Valve (VALVE) unlocks $1.91M (7.21%), RollX (ROLL) unlocks $2.89M (13.27%), and STBL (STBL) unlocks $9.05M (51.37%). *This is not investment advice.

Bitcoin Market Outlook: On-Chain Data and the "Bottom" Logic Bitcoin analyst Will Clemente examines the current state of Bitcoin, arguing it is approaching a value zone despite a challenging market. While acknowledging a difficult year with factors like disappointing ETF outflows and miner migration to AI/HPC, he finds the network fundamentally healthy and decentralized. Key on-chain metrics suggest accumulation. The MVRV ratio indicates Bitcoin is in a historically low valuation range. Long-term holders are actively accumulating again after a distribution phase, and trading volume has dried up significantly. Options markets show minimal bullish interest and low implied volatility, implying the market views Bitcoin as stagnant. The report discusses two major recent pressures: Digital Asset Treasuries (DATs) and quantum computing risks. Clemente notes signs of DAT capitulation, reducing sell-side pressure, and argues that quantum risks, while real, are likely already priced in at current levels. A clear short-term catalyst is absent. However, Clemente suggests the market may have priced in most negatives, and a bottom often forms from seller exhaustion rather than a new bullish catalyst. Potential future drivers could include systematic, price-insensitive buying from large asset managers seeking diversification, given Bitcoin's recent low correlation with other assets. In conclusion, while a final downturn is possible, Bitcoin appears "cheap" with healthy fundamentals. Recommended approaches include dollar-cost averaging into spot Bitcoin over coming months or initiating a position now while using inexpensive options to hedge against potential downside volatility.

A ready-to-operate data center in Yamal, Russia, is being sold for 250 million rubles. Located in Novy Urengoy, the facility operates on low-pressure gas supplied by Gazprom, which the seller cites as a key advantage due to its low cost of about 5.35 rubles per cubic meter. This allows for an electricity production cost of around 2 rubles per kWh, which is then sold at a tariff of 8.13 rubles. The business is presented as a functioning enterprise with 89 electricity supply contracts, serving clients including a major airline and retail chains. The seller claims annual revenue of 100 million rubles and a net income of 50 million, projecting a return on investment within approximately 20 months. The sale includes the data center and mining infrastructure on a 2,000 sqm land plot, featuring six gas power stations, six gas piston units, four 40-foot mining containers, power lines, and a residential camp. The facility has an available gas volume of 200,000 cubic meters per hour. While the project highlights the region's potential for industrial crypto mining due to cheap energy and cold climate, the listing has since been removed. An industry insider suggested the asking price may be inflated. The sale occurs amid broader development of mining hubs in Novy Urengoy, with plans for projects reaching up to 1.5 GW in capacity.