THE BLOCK: Galaxy Research says bitcoin drained through Thursday's Coldcard wallet exploit has climbed to $70 million.
According to the firm, nearly 1,200 addresses were drained of more than 1,000 BTC.
NEW: The CFTC has settled charges against former Rep. George Santos over manipulative trading on Kalshi.
Santos bet on whether he himself would attend the State of the Union, then manipulated the outcome of the market. The CFTC says he made more than $17,500 from the trade.
THE BLOCK: Wall Street's early read on Coinbase's Q2 is divided. $COIN
JPMorgan cut its price target to $148, citing a tough crypto backdrop and limited P&L contribution from newer products, while Mizuho warned Robinhood is emerging as the alternative for mainstream crypto spot
THE STARTING BLOCK:
@freddienew says "blackbox thinking" is imperative as the Bitcoin industry reacts to the Coldcard exploit.
"In aviation there's a non-judgemental approach to analyzing what went wrong in an accident and throwing all of your effort as an industry to make sure
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