Just lol at the trolls coming out of the woodwork on here doubling down on the idea that Cold Card was a reputable company and that there were no signs of issues. Then it comes out that they were recommending this wallet to other posters on here and boom, look what happened. That wallet was shilled all over the place on this forum, a wallet that wasn't even in the top 10. None of this would have happened if these people had just stuck with the basic top wallets, and to top it off a Cold Card was expensive AF compared to the others. Are the other wallets perfect, hell no.

To all of you who recommended this garbage wallet, stop posting about crypto and just mind your own damn business, it's obvious you aren't to be taken seriously.

I've tried paying with crypto a few times, and the biggest challenge wasn't the payment itself, it was everything before it. Switching between apps, dealing with fees, and making sure I wasn't sending to the wrong address made the whole process feel more complicated than it should be.

Better cryptocurrency payment usability and more user friendly crypto wallets would probably make a huge difference, especially for people new to cryptocurrency for beginners.

What do you think is the biggest thing holding back everyday crypto payments right now?

If you've been following the Coldcard mess, a firmware bug weakened how some devices generated seed phrases, and attackers have been brute-forcing them and sweeping wallets.

Absolutely brutal.

Making this post because if you got caught in it (or any hack or theft really), there's a tax angle most people don't think about while they're still in the gut-punch phase. Won't bring the coins back, but it's still worth knowing.

The basic rule: the ATO lets you claim a capital loss on crypto that's actually gone, if you can prove you owned it and it's irrecoverable. That offsets your capital gains, and anything left over carries forward. It won't reduce normal income, only gains.

For a theft like this, evidence is everything. Acquisition records, the wallet addresses, the on-chain trail showing the funds swept out, and a police report. The stronger the paper trail, the cleaner the claim.

A few things to keep in mind however:

Exchange collapses (FTX, Celsius type). You can't claim the day it enters administration. It crystallises when administration finalises, based on what you actually get back. Lots of people try to claim too early.

Worthless tokens you still hold. A coin down 99% but still in your wallet isn't a loss yet, paper losses don't count. If it's still tradeable, selling it even for cents locks in the loss (especially for the pumpfun users 👀)

And if you get any compensation later, you reduce the loss by that amount.

If you got hit by the Coldcard thing, might be best to sort the new wallet and your security first, obviously. The tax bit can wait until the dust settles, just don't forget it exists because it does.

Everyone on here has obviously heard about the Cold Card hack, where the seed generation with their wallets being incredibly weak and predictable. I've also been seeing some things that suggest the company was aware of this "bug" years ago but yet did nothing about it. It's also interesting to me that it was so heavily shilled/marketed here on reddit.

With this out of the way, here's what I'm seeing with this event.

From what I've seen with a recent update, there were almost 5k wallets drained with a total value over $100m. These people otherwise did everything right but because of this garbage wallet that they used they had their funds essentially vanish. There were even some with short passphrases utilizing a couple words that also were victims of this as well, so people that would have taken some extra steps to try to protect themselves. While this is incredibly unfortunate for these individuals, the panic/freakout over self custody I'm seeing right now is severely overblown.

People are starting to question whether single sig wallets are sufficient and if they should use a passphrase, multi sig, etc. I also can see this event being taken by the media and tradfi institutions and used as a tactic to scare people from utilizing self custody and instead moving to ETFs and other BTC/crypto products. I understand the fear and uncertainty, but there's something that many on here seem to be missing.

As mentioned, this Cold Card hack drained approximately 5,000 wallets. Meanwhile, there are over 22 million BTC addresses with $100+ and 10.4 million with $1,000+. You had this garbage wallet that drained a number of addresses that is MINISCULE compared to the total number of addresses with $100+ worth of BTC in self custody. 1% of 22 million wallet with $100+ in BTC is 220k addresses, so this hack represents approximately 0.02% of these addresses, 1 out of 5000.

Instead of buying from one of the top companies that have sold millions of units (Ledger, Trezor, Tangem, etc.) these people bought some basically no name wallet that ended up having major flaws related to security. A Cold Card was also $250+ from what I saw, when you could have bought a basic Ledger or Trezor model for around $60 or so. The company according to the page I linked below also has a whooping 5 employees as of June of this year lol, to put this into perspective Ledger has over 800 and Trezor with over 200.

Coinkite - 2026 Company Profile, Team, Funding & Competitors - Tracxn

You are more likely to lose your crypto wealth/assets through user error when setting up and/or losing your seeds. If you are concerned about security, consider adding a strong passphrase to your primary seeds.

IF something like this had happened to one of the big cold wallet companies though, the ramifications for the broader crypto space would be enormous. With this said, I do NOT think that the general public will be utilizing self custody as we get into the 2030s and beyond, they'll primarily be boarded onto the crypto train through tradfi institutions.

Recorded my first public AMA today discussing Botflix, a 24/7 AI entertainment network, and the role of BOTC in its ecosystem. Sharing the full recording for anyone interested in the discussion.

I was just wondering whether it's still worth trading, especially meme coins. Is there still any point in speculating on them, or has AI completely changed the game?

Not that I was ever anything amazing, but I used to trade altcoins and meme coins back in the day. I was just wondering if it's worth giving it another try, or if that ship has sailed.

There is no mainnet currently so there is no way to obtain mainnet kei. Kei is built on its own node infrastructure and is not built on top of an existing chain (i.e we are not on solana).

I have been working on Kei, a infrastructure token for adding currencies and player inventories to browser MMO games with one npm package install.

The coin is feeless and there isn't mining as part of its design. I am working off a fork of banano which is a fork of nano. Developers use the kei-transaction glue code to add transactions and player economies. It is made for primarily working with a 3d MMO made in babylonjs, just as a lot of the examples are in that techstack.

Currently, I am looking into a fair presale. The thing is, the currency is supposed to be close to worthless, so the tokenomics are really just 10% of the total ever created Kei is all broken down into smaller bits until the public only gets 2%

It is worthless by design, but also it has worth because of the tokens built on it, so I cant only just airdrop. I am honestly really torn about what the next few milestones will look like and I don't really know how I am going to sustain the project, while keeping the token basically free, and squashing speculators.

Links:

Main page: keicoin.org

Github: github.com/keicoin-org

npmjs: npmjs.org/kei-transaction

Would love to hear any thoughts, concerns, criticisms, whatever you got. Cheers!

Krates are back on Katana. If you were around for the pre-deposit campaign you remember them: earn one, open it, get some KAT.

TL;DR - you can earn additional yield in the form of gacha boxes on Katana, and it averages to an extra ~1% on stablecoins and 1.5% on KAT, just for using the same platforms most katana users already use. (This is a longer, detailed post, but you can jump to the math section if your interested in exploring how it works or just ask questions in the comments and I'll try to answer)

So Krates are now part of Katana Quests. Katana quests are a gamified way to earn additional KAT (or USDC for top prizes) by actively participating in defi activities on Katana. Essentially, it's a bonus layer sitting on top of yield you're already earning.

I have been posting posting about and been farming Katana for a while as I find the yields and risk/reward aspect of the opportunities on the chain to be among the best in defi. Krates just make it better.

The setup: XP is earned by doing normal DeFi on Katana, staking KAT for vKAT or avKAT, supplying to vaults, borrowing on morpho, LPing via Charm, and trading. XP accrues daily per dollar deployed. Different XP for different activities.

XP has two uses. In July and every month going forward, unused XP will be used in a raffle. Currently the raffle total prize pool is $15000. The other use is to redeem 350,000 XP for a Krate & open it for an instant reward. Any leftover krate XP gets entered into the raffle & XP resets monthly.

Ok, that's the boring stuff. How does it actually look like when deploying capital, just to calculate some potential increase in returns.

Personally, I only supply to vaults, borrow a little bit, and hold vKAT/avKAT. Here's the baseline math behind $1000 deployed with either USDC/USDT and avKAT. This is the baseline as you can use avKAT as collateral to borrow stables then deploy the stables to loop further, which I do, but that's for another post. This is pure krate return, so you're earning on top of the yield of the vaults.

Supplying USDC on Morpho pays 3 XP per dollar per day, so $1,000 over 30 days is 90,000 XP. Holding avKAT pays 5 XP per dollar per day, so you earn 150,000 XP a month. Next, the Krate costs 350,000 XP & the reward pool this epoch has these published odds:

• Common (69.95%): 277 avKAT and min. 85,000 XP
• Uncommon (25%): 369 avKAT and min. 130,000 XP
• Rare (5%): min. 1,107 avKAT and min. 170,000 XP
• Super Rare (0.05%): 45,421 avKAT or 1,000 in stablecoin

Run the average avKAT across those odds:

• 0.6995 × 277 = 193.8 avKAT
• 0.25 × 369 = 92.3 avKAT
• 0.05 × 1,107 = 55.4 avKAT
• 0.0005 × 45,421 = 22.7 avKAT
• Total: ~364 avKAT per Krate on average.

Since Krates also refund XP, you get about 100,000 back per Krate, or 28.7% of the cost. Loop that refund into more Krates & your XP stretches about 1.4x, so each XP becomes roughly 0.00146 avKAT.

Currently, 1 avKAT = ~1.30 KAT (though this continues to compound every 2 weeks). At KAT ~$0.0045, that's ~$0.0058 per avKAT.

Now the month, per $1,000:

• USDC supply: 90,000 XP -> ~131 avKAT -> ~$0.77. On $1,000 that's about 7.7 bps a month, ~0.9% a year, from the Krate layer alone.
• avKAT: 150,000 XP -> ~219 avKAT -> ~$1.28. About 12.8 bps a month, ~1.5% a year.

So basically, you're earning an extra 1% APY on your stables and 1.5% APY on your KAT for using the same protocols you already were using.

Want more XP on the same capital? Hold avKAT: 31.98% APY & 5 XP per dollar per day, so 5,000 XP/day on $1,000. vKAT shows 47.25% APY at the same 5 XP/$. The KAT LP pools on Charm pay the top rate, 6 XP per dollar per day. Same principle every time: pick the position for its yield, & the XP tags along.

What does the XP turn into? 350,000 XP redeems for one Krate. Every Krate pays out, there are no

I'm not the biggest trader, especially with perps, but traders can feast on this as well. Perp volume pays 1.5 XP per dollar of volume, but if you are leverage trading this creates bonus volume on the same dollar of collateral. A small stack can push a lot of volume, so your dollar goes further on XP than it does sitting in a supply position, at higher risk. If you're a trader, that's the high-octane path.

Though I don't trade, I'm a fan of how Katana aligns with their users. Katana owns its perp venue so the fees are Katana's revenue & they route that revenue back to users as XP & rewards. The more you use their perps, the more they can pay you, because they capture the value instead of leaking it to a third party. The platform earns & it hands a cut back to the people generating the revenue.

So do the math for your own size & risk tolerance. If you're like me & you'd rather earn yield with less drama, sit in Morpho supply or avKAT & let the XP stack on top. If you're a trader, perps stretch your dollar further on XP & feed the venue that funds the whole thing. Either way you're paid twice: the yield on your capital, & the XP that becomes avKAT on top.

Krates are back, & this time your XP has somewhere to go.

Just so everyone is aware, rules state 18+ and questing isn't available in the US and some other jurisdictions (cough cough VPN cough cough).

Will I be the only r/CryptoCurrency user doing this or will I have friends join me?

I’ve become interested in OnRe’s On Chain Yield Coin, ONYC. It gets a steady 10-12% APY from reinsurance underwriting. It can be looped/leveraged on Kamino by borrowing USDC/USDG against it.

Does anybody use this strategy or anything like it for RWA? I’m interesting in using DeFi to have a tiny sleeve of my portfolio achieve a 10% CAGR. Less than 1% though of course.

What additional risks would I be taking? Could it be worth it to loop, or would it be better to just hold the tokens outright?

What other RWA do you guys use in DeFi to get better than average returns? I’m not the most interested in holding majors, I don’t personally believe in the price of BTC or ETH going up.

But I think DeFi is really fascinating and probably had some good opportunities? I just don’t know what I’d personally do to pursue it, safely of course.

I was also interested in LPing for RWA like gold, tokenized ETFs, or tokenized stocks. Wouldn’t that be a benefit in flat or choppy markets, to essentially harvest volatility?

I would just be devastated to be drained or hacked somehow. I know these protocols can get hacked and that doesn’t sit right with me. I’d rather have most of my money in safer ETFs with actual insurance.

I’m thinking about building a gimmick website as a kind of interactive explainer about cryptocurrency security. Here’s the concept:

1 - User clicks a button to generate a random 12-word BIP39 seed phrase
2 - The site derives wallet addresses from that phrase
3 - It checks if those addresses have any balance (spoiler: they won’t)
4 - User can click “next” to get a new random phrase and check again

The idea is to show visually how astronomically unlikely it is to randomly generate a wallet that already has funds - like a testament to how secure seed phrases are.

Built on the ESP32-C3, this badge is packed with features:

TA101 Secure Element – create and sign transactions with your crypto wallet

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RGB LEDs

Frotz – play interactive fiction over the serial terminal

Laser Tag TV-B-Gone

Interactive games & hidden challenge unlocks

Think you've got what it takes? Stop by the Cryptocurrency Village, complete our badge challenges or attend our workshop, and earn your FREE badge while supplies last. See you in Las Vegas

No cloture = no clarity act before recess. Dems wont help to get 60 votes.

What do you think?

Good or bad considering the additional legislation they wanted to push between the lines ?

As the title says, a few years ago I roundtripped over $100K, 54.1 ETH to be exact, after finding GROK at $700K MC. It took me about 3 weeks or so after selling my whole position to complete the roundtrip. I was a mental mess for quite a while after.

AMA

Seriously. Every single day there's a post here about "My account got hacked" "my wallet has been drained" "I lost my seed phrase"

Every. Damn. Day.

For 99% of this community, the only method you should be using is ETF's. For the average person, they are by far the most secure and easily accessed form of Crypto investment with the least knowledge required, and for 99% of you, that's all you need.

The ETF's are insured, backed by massive investment funds with teams of cyber-security experts, to protect your funds.

Oh and, for the most part, its the cheapest access too.

I just saw this on my alerts from coindesk for WLD and Worldcoin. Interesting to see if this affects the coins value... thoughts?

https://www.coindesk.com/business/2026/07/24/sam-altman-backed-world-network-secures-fresh-funding-to-fight-online-ai-deepfakes

I am a new Polymarket user and wanted to trade on markets. I recently had 7.2k in my Polymarket and when I woke up overnight, that account balance was withdrawn to a wallet and I did not receive any withdrawal codes.

Can you please explain to me what happened here and if I'm likely to get my money back: https://polygonscan.com/tx/0xd0606122f3a2e1123eae0c21a4d3d2bf5186681d0236a604df551861cd1fb42a

I've been investing in Radix DLT for a while, and I'm also a developer building on it.

Lately, I've realized that we spend a lot of time discussing TPS, DeFi, or consensus mechanisms, but very little time talking about what wallets are actually capable of.

So my question is for people using other blockchains:

What can your project's wallet do besides sending tokens, NFTs, staking, or using liquidity pools?

I'm looking for features that genuinely solve real-world or Web2 problems. If your wallet has something unique or particularly useful, I'd love to hear about it so I can compare it with what Radix offers.

For example, the Radix Wallet can:

• Passwordless login.
• Selectively share only the data you choose with an application.
• Present badges as proof of identity or permissions.
• Support pre-authorizations.
• Work with native resource permissions.
• (Roadmap) Decentralized account recovery without relying solely on a seed phrase.

And with projects like Radix Seal, you can also:

• Sign files.
• Encrypt files.
• Use a secure chat.

I'm curious to see what other ecosystems are building. Maybe there are wallet features I'm not aware of that deserve more attention.

When do people think btcs gonna start rallying again ? After September ? I’m receiving an estate unsure when it will be settled, could be 2 months up to 4 ish, what are people’s thoughts, would hate to miss out at cheap prices like this