According to Odaily Planet Daily, Coinkite, the company behind the hardware wallet Coldcard, may face legal action from users who have lost over 1,300 BTC, worth more than $88 million, due to a vulnerability in the mnemonic phrase generator of some models. Thomas Braziel, founder and managing partner of 117 Partners, is investigating product liability claims and class-action lawsuits against Coinkite and coordinating the collection of information on international victims. Brazilian Bitcoin supporter Felipe Ojeda has filed a police report and will file a complaint against the company in Brazil. ATH21 CEO Cris Carrascosa stated that Coinkite bears no oversight responsibility for the funds of its users, and related lawsuits require proof that Coldcard could foresee the attack. Ana Ojeda, head of business development at Blend, stated that victims do not automatically have the right to recover all their funds, but can initiate investigations regarding liability.

Odaily Planet Daily reports that Onchain Lens stated on the X platform that Hyperliquid burned approximately $643,100 worth of HYPE in the past 24 hours. During the latest reporting window, $513,800 in revenue went to the Assistance Fund and HYPE holders. The total historical burn volume is 46.18 million HYPE, worth approximately $2.43 billion, representing 4.62% of the maximum supply of 1 billion HYPE.

In the past hour, total liquidations across the network reached $10.05 million, with $855,198.39 from long positions, with $9.20 million from short positions. BTC liquidation $216,085.6, ETH liquidation $757,495.05.

According to Odaily Planet Daily, as of July 31, the U.S. Senate had not yet submitted a motion to advance the Digital Asset Market Clarity Act, the first procedural step required for the bill to progress in the Senate. The Senate will enter its summer recess in a week, leaving limited time to process the remaining agenda items in August. Industry insiders suggest that a procedural vote this week could provide a procedural basis for the Senate to consider the bill when it reconvenes in September.

According to Bitcoin News, the largest collection address of the COLDCARD attackers, holding 562 BTC, received a dust transaction containing the message OP_RETURN, offering money laundering services on a 10% commission basis. The sender spent 0.002347 BTC, sending only 1590 sats to the attacker and returning the remaining funds to the change address. The cost of this advertisement was approximately $1.30. The OP_RETURN message included the Telegram account of the solicitor, but Bitcoin News did not publish this account, and there is no evidence to prove that the advertising account is real. The stolen Bitcoin has not been moved; this transaction indicates that someone contacted the attackers, but it is not evidence that the attackers were already laundering money.