Coldcard Security Crisis and White House Crypto Summit Set Stage for Critical Week

Bitcoin holds near sixty-four thousand one hundred forty-six dollars as the crypto industry faces a critical week of regulatory meetings and security revelations. A five-year-old firmware bug in Coldcard hardware wallets has enabled thieves to steal over one hundred million dollars from approximately seventy-three hundred addresses, exposing how weak randomness in seed generation reduced encryption strength from one hundred twenty-eight bits to as low as seventy-two bits. The vulnerability raises fundamental questions about Bitcoin's 'don't trust, verify' ethos as even open-source code failed to catch the flaw. Meanwhile, President Trump meets with crypto executives and regulators on Wednesday as the CLARITY Act remains stalled in the Senate with just twenty percent odds on Polymarket. The Treasury Department proposed stablecoin rules under the GENIUS Act, defining who can legally issue and sell stablecoins beginning January 2027. Ethereum developers are targeting privacy upgrades for the Hegotá release in 2027, with Frame Transactions and FOCIL leading sixty-six proposals. XRP fell below one dollar for the first time since 2024 despite Ripple's third Korean partnership announcement with Jeonbuk Bank deploying cross-border payment infrastructure. Tom Lee's Bitmine added nearly ten thousand ETH to reach five point eight one five million tokens, representing four point eight percent of Ethereum's total supply.