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| By Beth Canova |
Before I get into anything else, I want to make sure you saw our special update yesterday.
Mark Gough let you know about the latest security breach in the crypto realm.
But this attack didn’t target a blockchain or decentralized application (dApp) like a trading or lending platform.
It targeted your data.
Trezor — one of the leading hardware wallet manufacturers — revealed that its shipping provider, ShipMonk, was hacked.
The attackers now know the personal information of 67,000 U.S. residents who have bought a Trezor wallet. Including how to contact them and where they — and their wallet — live.
The risk here isn’t a failure in your hard wallet’s security. It’s targeted phishing and social engineering.
Criminals could contact affected customers by email, phone, letter or even in person. And the attempt will feel all the more convincing because they already know their target’s name, address and the fact that they bought a Trezor device.
Even if you don’t own a Trezor device, I encourage you to read Mark’s update.
The tips for how to keep your crypto and your keys safe will benefit anyone who holds their own coins.
And after, don’t forget to check out the rest of this week’s updates …
Bitcoin Breaks Its August Curse as Big Money Returns
August has historically been a graveyard month for Bitcoin3, especially in down years within the 4-year cycle. But this year saw that script flipped. It closed with about a 25% gain — landing as one of the strongest Augusts on record.
And according to DeFi expert Marija Matić, that wasn’t thanks to a rush of retail investors. Whales and institutions have woken — the first sign of a bigger move ahead.
Washington’s Debt Gamble Could Send Bitcoin Higher
The spark that ignited Bitcoin’s (BTC, “A-”) latest rally was an announcement from the U.S. Treasury. Juan Villaverde has doubts whether this plan will work the way Treasury Secretary Scott Bessent intends. But in his latest update, he explains why this move is still bullish for Bitcoin in the long run.
OpenAI’s Revolving Door Leadership Leaves Big Questions Ahead of Its IPO
This year alone, OpenAI has lost 13 prominent leaders. While some can be brushed off as typical personnel changes, the rest should be a big caution sign for anyone interested in the AI giant’s upcoming IPO.
Because leadership is crucial for taking a private company public successfully.
That’s why tech expert Jurica Dujmovic dives into the potential risks that could be hiding under those resignations. And what investors should look for when OpenAI’s S-1 filing becomes public.
Crypto ICOs Are on the Edge of a Comeback
The AI sector is hot with IPO fever. But it’s not the only early-stage opportunity for your radar. Initial Coin Offerings, or ICOs, were all the rage on the blockchain before regulators shut them down in the U.S.
But now, the SEC plans to take its TradFi crowdfunding rules and tweak them for a crypto audience, giving ICOs a clear, regulated pathway. And giving crypto investors a better chance to find the next Bitcoin much earlier.
Ethereum’s Staking Boom Sends a Broad Bullish Signal
The recent rally wasn’t just a cause for celebration for those chasing capital gains. It’s created a new harvest for yield hunters!
A record share of Ethereum (ETH, “B+”) is staked. That is, it’s now locked up earning yield — and almost nobody is trying to leave.
Marija explains just how bullish this sign is. And how you can stake your own ETH to earn rewards while you wait for the next round of capital gains.
Bitcoin Sets the Alarm for Every Altcoin Rally
When Bitcoin ran from $65,000 to its current price near $77,000, it didn’t move alone. Its strength pulled the top 300 altcoins along with it.
That’s because Bitcoin’s clock is the only one that really matters on a grand scale.
Which is why Juan shows you how you can use this understanding to fine-tune your altcoin watchlist.
But that’s all for this week. Be sure to check for your next Weiss Crypto Daily update tomorrow afternoon.
Best,
Beth Canova
Crypto Managing Editor
