Odaily Planet Daily reports that hardware wallet maker Ledger stated that the recent Coldcard vulnerability highlights the need for the hardware Bitcoin wallet industry to reassess its security models. Ledger CTO Charles Guillemet stated that Ledger devices were unaffected, as their recovery phrases are generated by a hardware random number generator built into the certified secure element. Last week, Coldcard maker Coinkite disclosed a vulnerability in its isolated Coldcard Bitcoin hardware wallet dating back to a March 2021 firmware version. This vulnerability used a software rollback mechanism to generate a wallet recovery seed, allowing partial guessing of private keys, resulting in losses of approximately $130 million. Coinkite released a firmware fix on Sunday and urged affected users to transfer their funds to a newly generated wallet. Charles Guillemet stated that open source differs from reviewed code; this flaw existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Guillemet also stated that Ledger has been combining AI with security engineers and cryptography experts over the past two years to review code and identify vulnerabilities. He believes that users should understand how the randomness of a hardware wallet is generated and whether the process is independently certified when evaluating it.

According to Odaily Planet Daily, HyperliquidNews reported on the X platform that Hypurrdash is currently the largest developer code with a 24-hour trading volume of $85.6 million, slightly higher than Phantom.

MyToken data monitoring shows that on 【August 5th, 04:48】 (Beijing Time), 【OKX.Hot Wallet_36660】 transferred 【156625376.27 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【156.34 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

MyToken data monitoring shows that on 【August 5th, 04:48】 (Beijing Time), an address starting with 【3Msfxy】 transferred 【8144.92 BTC】 to an address starting with 【3JV3w8】, with a total value of approximately 【524.14 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

In the past hour, total liquidations across the network reached $10.87 million, with $5.76 million from long positions, with $5.11 million from short positions. BTC liquidation $1.11 million, ETH liquidation $530,901.04.