ShillGuard | $SGT

MORNING BRIEF ☕️: @COLDCARDwallet warned Mk3 users who generated seeds on firmware v4.0.1 or later, released in March 2021, after attackers reportedly drained 594.5 BTC from roughly 500 addresses. The Mk3 reached its final firmware release in 2023. The suspected issue involves seed generation and potentially weak randomness, showing how a flaw at the very first step of self custody can put funds at risk years later. 🔐 https://x.com/ShillGuard/status/2083050814931701971

Weekly News Recap | Jul 25 – 31 📰 Regulation, exchange earnings, and institutional adoption dominated the week, while stablecoins and digital asset infrastructure continued gaining momentum. 📊 Crypto Market Share Reaches New High Despite a weaker quarter for crypto trading, @coinbase generated $1.22B in Q2 revenue and increased its share of global crypto trading volume to a record 10.3%, showing it continues to gain ground against competitors even as overall market activity slows. 💸 Another Round of FTX Repayments Begins Approximately $900M is being distributed in FTX's fifth creditor payout, bringing total repayments into the billions as one of the largest bankruptcy recoveries in crypto history continues. 🏛 Regulatory Debate Continues Senator @CynthiaMLummis renewed calls for the Senate to pass the CLARITY Act, arguing that the current regulatory framework is failing the crypto industry, consumers, and law enforcement alike. 🔒 Telegram Founder Challenges Moscow @durov said Russia has officially designated him a "terrorist" after refusing demands to introduce mass surveillance and censorship on @telegram, escalating the long-running conflict between the platform and Russian authorities. 🪙 Circle Secures Banking-Style Approval @circle, the issuer of $USDC, received a trust charter from the New York Department of Financial Services, strengthening its regulatory standing and expanding its ability to operate under one of the strictest financial frameworks in the U.S. 🇰🇷 Leverage Wipes Out Billions South Korean traders reportedly lost ₩56T ($38.7B) during the recent market selloff, highlighting how leveraged products continue to amplify volatility during major corrections. 📉 Economic Growth Slows in the U.S. The U.S. economy expanded at an annualized 1.5% in Q2, missing expectations of 2.1% and reinforcing expectations that policymakers will remain cautious as growth loses momentum. 📈 Exchange Targets New Products @BinanceUS plans to apply for a CFTC Designated

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