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This Week In Crypto
30 Jul 2026

Funds at risk, Coldcards randomness flaw

Coldcard wallets generated with insufficient randomness led to funds being stolen. Elsewhere, the Federal Reserve held interest rates steady, New York sued Kalshi over alleged illegal gambling operations, and Coinbase reported second quarter earnings.
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Coinbase slips despite solid results
Coinbase shares fell about 7% in after-hours trading after the company reported second-quarter results, even as it highlighted strong momentum across its expanding business lines. Prediction market contracts and revenue more than doubled from the previous quarter, surpassing $100 million in annualized revenue, while Coinbase captured a record 10.3% share of global crypto trading volume for its third straight quarter of market share gains.The exchange said its diversification strategy continues to reduce reliance on bitcoin spot trading. Average USDC holdings on the platform reached a record $20 billion, subscription and services revenue rose to $555 million, and 88% of net revenue now comes from sources other than bitcoin spot trading. Coinbase also reported its 14th consecutive quarter of positive adjusted EBITDA, supported in part by AI-driven productivity gains.
Fed keeps rates unchanged
The Federal Reserve kept its benchmark interest rate unchanged at 3.5% to 3.75% in a 9-3 vote, with three policymakers dissenting in favor of a quarter-point rate hike. The Fed cited solid economic growth but said inflation remains above its 2% target due in part to higher energy prices and supply shocks, while officials signaled they will remain cautious as geopolitical r
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