📣 We're Hiring: Social Media Intern

Simply Bitcoin is the most-watched Bitcoin channel on YouTube, and we're building that same reach on X, Facebook, and LinkedIn. This is a part-time, remote internship helping test and build out our presence across those three platforms. You'll draft and schedule posts, track what's landing and what isn't, and learn the pipeline behind THE Bitcoin media operation, working directly with the team that runs it.
Starts as a short, limited-scope trial. Strong fits move into an ongoing part-time contract.
What we're looking for: you're already on social media and into Bitcoin, or ready to get there fast. You take direction well, sweat the details, and don't mind revising copy until it's right. You can work remote and stay on top of things without someone standing over your shoulder. Must be based in the US and available during Eastern Time business hours.
💀 Coldcard Post-Mortem: $111 Million Confirmed Stolen So Far

Galaxy Research now confirms with high confidence that 1,719 BTC, worth $111 million, has been stolen from Coldcard victims since the exploit began July 30. The firm says it is still vetting additional coins and believes total losses likely exceed $130 million once suspected but unconfirmed thefts are included.
The shape of the attack has changed since the first wave. What started as a small number of coordinated operators has fragmented into what Galaxy's Alex Thorn now describes as at least 15 separate attackers, a mix of the original exploiters and copycats racing to drain wallets before their owners migrate. That proliferation is the real danger now: every day someone hasn't moved their funds off a vulnerable seed is another day the wallet sits exposed to whichever attacker finds it first.
🤔 Clarity Act Delayed to September. Bitcoin Crossed $65K Anyway.

The Senate will not vote on the Clarity Act before its August recess. Majority Leader John Thune confirmed the bill is being pushed to September, when the chamber returns with three weeks to work through it alongside government funding and a Russia sanctions bill already competing for floor time. Prediction markets responded accordingly: odds of the bill becoming law in 2026 have collapsed from over 70% in early May to roughly 14-15% today.
That is a real legislative setback, not a rumor. What did not happen is Bitcoin caring very much. The asset crossed $65,000 on Friday, helped by a weak jobs report reviving rate-cut hopes, a fourth straight day of spot ETF inflows led by BlackRock's IBIT, and Trump telling reporters that "crypto's a big deal" the same day the delay was confirmed. Bitcoin has now moved roughly 2% higher over the past week even as the bill's odds cratered.
🇷🇺 Putin Just Signed a Crypto Law America Hasn't Managed to Pass

President Vladimir Putin signed Russia's first comprehensive legal framework for digital currencies on August 4, formally establishing rules for crypto exchanges, custodians, brokers, and mining operations under central bank oversight. The law permits retail investors to buy up to 300,000 rubles, roughly $3,800, of approved cryptocurrencies per year from each licensed intermediary, while qualified investors face fewer restrictions. Most provisions take effect September 1, with additional rules phasing in through 2027.
The timing lands the same week the US Senate walked away from its own crypto market structure bill without a vote. Russia's law retains a ban on using crypto for domestic payments and requires exchanges to register with a government body, hardly a libertarian's dream. But it is a completed law, with an effective date, while the American equivalent sits on a legislative calendar until at least September, competing for floor time with appropriations fights and a Russia sanctions bill.
📉 Strategy Sells 1,638 Bitcoin to Shore Up Its Preferred Stock

Strategy disclosed in an SEC filing that it sold 1,638 Bitcoin for $104.7 million during the week ending August 2, at an average price of $63,957, well below the company's $75,419 average cost basis. The proceeds split roughly in half: $52.4 million went to preferred stock dividends, and $52.3 million funded further buybacks of STRC, the preferred security that has been trading below its $100 par value for weeks.
Strategy also raised $290.6 million by selling MSTR common stock through its at-the-market program, with $250 million of that going to boost the company's USD Reserve to $4.0 billion, adding roughly 57 days of dividend coverage. Combined, the moves repurchased 912,143 STRC shares at an average price near $89, an 11% discount to par, while leaving the company's Bitcoin holdings at 842,138 BTC.
🚨 Critical Vulnerability in BTCPay Server: Update Now

BTCPay Server disclosed today that a critical vulnerability is being actively exploited and could result in loss of funds for operators running affected versions. The team is urging an immediate update to version 2.4.2 through the admin dashboard, and recommends anyone unable to update right away shut their server down entirely until they can patch.
The vulnerability was responsibly disclosed by the Bitcoin Red Team, a volunteer security group. BTCPay has not published technical details of the flaw itself, standard practice when an exploit is already active, to avoid handing attackers a roadmap before operators have had a chance to patch. It is not yet clear how many operators have been affected or how much, if anything, has been lost.

VIDEO OF THE WEEK
The Coldcard wallet exploit is raising difficult questions far beyond a software vulnerability. This episode examines the timeline, code changes, public statements and community reaction surrounding one of the biggest hardware wallet incidents in Bitcoin history, while separating documented evidence from speculation and asking whether the story we've been told is the complete one.


