The Polylog Crypto Intelligence Brief

Morning Edition · Thursday, August 6, 2026

Coldcard Attacker Begins Mixing Stolen Bitcoin as Volunteer Auditors File 85 Critical Bugs Across Bitcoin Code

Crypto

Coldcard Attacker Begins Mixing Stolen Bitcoin as Volunteer Auditors File 85 Critical Bugs Across Bitcoin Code

Galaxy Research says the largest identified attacker address still holds 1,159 bitcoin untouched. The Bitcoin Red Team has logged 4,962 findings across 390 open-source repositories since the theft.

5 sources
Corroborated
Putin Signs Russia's First Comprehensive Crypto Law, Licensing Exchanges and Custodians While Keeping the Payment Ban

Crypto

Putin Signs Russia's First Comprehensive Crypto Law, Licensing Exchanges and Custodians While Keeping the Payment Ban

Most provisions take effect on 1 September. From July 2027, Russians will be able to buy and sell digital assets only through intermediaries supervised by the Bank of Russia.

2 sources
Corroborated
Senate Has Two Working Days to Move the Crypto Market-Structure Bill Before Recess

Crypto

Senate Has Two Working Days to Move the Crypto Market-Structure Bill Before Recess

The White House is now reviewing the bipartisan ethics text, and Senate Majority Leader John Thune has said he does not expect passage before the break.

5 sources
Corroborated
Aztec Proves Private Transactions on a Laptop in Seconds as OpenZeppelin Builds Recovery for Confidential Accounts

Crypto

Aztec Proves Private Transactions on a Laptop in Seconds as OpenZeppelin Builds Recovery for Confidential Accounts

The Alpha V5 release cuts proving time to about 2.5 seconds and fees to below five cents. Miden's Guardian addresses a separate problem: coordinating a multi-signature account that nobody can read on-chain.

5 sources
Circle Renews Its Coinbase Distribution Deal for Three More Years and Rules Out Dividends

Crypto

Circle Renews Its Coinbase Distribution Deal for Three More Years and Rules Out Dividends

The arrangement that routes most of USDC's reserve income to its largest distributor continues on existing terms, and Circle is directing cash to growth rather than to shareholder payouts.

1 source
Researchers Publish Working Exploits for Two Token Drains as July's Bridge and Oracle Losses Are Documented

Crypto

Researchers Publish Working Exploits for Two Token Drains as July's Bridge and Oracle Losses Are Documented

The MOKE drain on BNB Chain used Ethereum's new account-delegation feature against an unprotected claim function, taking roughly $907,700.

3 sources
Corroborated
Robinhood Chain Holds Near $1 Billion Secured While Its Tokenized Assets Total $27.6 Million

Crypto

Robinhood Chain Holds Near $1 Billion Secured While Its Tokenized Assets Total $27.6 Million

A memecoin worth $86 million now carries more value on the network than the real-world assets the chain was built to host.

2 sources
100 Million PROVE Tokens Unlock Into a Market With Thin Exchange Liquidity

Crypto

100 Million PROVE Tokens Unlock Into a Market With Thin Exchange Liquidity

The tranche represents roughly a 51 percent increase in supply, and public data providers disagree on how many tokens were already circulating.

1 source
Solana Validators Weigh a Proposal to Raise Daily Token Burns More Than Tenfold

Crypto

Solana Validators Weigh a Proposal to Raise Daily Token Burns More Than Tenfold

SGP-0003 would replace signature-based fees with resource-based pricing and double the disinflation rate. It arrives as the network's exchange-traded funds record five straight days without net flows.

3 sources
Ethereum Foundation Funds a Tool That Lets Browsers Verify a Website Has Not Been Tampered With

Crypto

Ethereum Foundation Funds a Tool That Lets Browsers Verify a Website Has Not Been Tampered With

The Trillion Dollar Security grant goes to the Freedom of the Press Foundation for WEBCAT, aimed at the front-end attacks that have repeatedly hit crypto users through legitimate sites.

2 sources
BitMart Gives United States Users Days to Withdraw as Binance Sues a Payments Firm for $470 Million

Crypto

BitMart Gives United States Users Days to Withdraw as Binance Sues a Payments Firm for $470 Million

Covered BitMart users must close positions before their assets face compliance holds, and RedotPay says it will defend itself against Binance's claim in Hong Kong.

2 sources
Plausible
Bitcoin Holds Above $64,000 as Ether Trades Below Its Realized Price and an ETF Winds Down

Crypto

Bitcoin Holds Above $64,000 as Ether Trades Below Its Realized Price and an ETF Winds Down

CryptoQuant reports large XRP spot buying while ether holders carry unrealized losses, and Hashdex is liquidating a bitcoin fund with about $14.7 million in assets.

3 sources