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The fourth wave of Coldcard attacks may involve 462 victims, with 388.93 BTC stolen.

51 minutes ago

According to statistics from Onchain Lens, losses from the Coldcard hardware wallet vulnerability have reached $88.6 million. Four attack waves have been recorded so far: The first and second waves saw 1,158.81 BTC stolen from 2,673 victims; the third wave involved 207.73 BTC from 293 monitored P2WSH vaults; the fourth wave remains unconfirmed, possibly affecting 462 victims and totaling 388.93 BTC.

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CXMT's long funding fee expected annualized return hits 2130%, with one whale netting $740,000 in a single day.

Hyperinsight data shows CXMT’s current hourly funding rate has fallen to -0.2430%. Static calculation at the current rate gives a simple annualized yield of roughly 2129%. For a $10,000 position, short sellers pay ~$24.3 hourly, while long positions earn an equal amount; if the rate holds for 24 hours, total funding fees would hit ~$583.3. The largest CXMT long address starting with 0x9a8 is the key beneficiary of this round of negative rates. Records indicate the address has completed 183 CXMT funding fee settlements since the morning of July 15, generating cumulative net income of ~$991,400, a 45.9% return on its position principal. The whale currently holds a 5x isolated long position of 1.6332 million CXMT, worth ~$12.742 million, with an average entry price of $6.6156. CXMT trades at $7.80, delivering ~$1.938 million in unrealized profit (89.7%) on the position, and has a liquidation price of just $0.507. Based on the current position and static -0.2430% rate, the whale will earn ~$31,000 in funding fees in the next hour; if the rate stays for 24 consecutive hours, that would be ~$743,000. As of press time, CXMT is at $7.8020, up ~5.13% in 24 hours, with a trading volume of ~$17.277 million and open interest of ~$76.9 million. Its oracle price is ~$8.1941, with the contract still trading at a 4.79% discount, as short position demand continues to drive up funding fee income for longs. The whale has placed 7 non-reduce-only buy orders between $6.01 and $6.41, planning to buy an additional 98,000 CXMT (notional value ~$609,000) and has not yet opted to close its existing long position.

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CXMT hits an extreme hourly funding rate of -0.21%, with one short position accounting for 30% of the platform’s total open interest.

According to Hyperinsight monitoring, CXMT is currently trading at $7.73, up around 4.15% in the past 24 hours. However, its current hourly funding rate has fallen to -0.2139%, with the actual settlement rate for the previous hour at -0.1212% — the absolute value of the negative rate has expanded by 76.5%. If the current rate remains unchanged, holding a $10,000 CXMT short position will require paying approximately $21.4 in funding fees per hour, totaling about $171.1 over 8 hours and $513.4 over 24 hours. This extreme negative rate is paired with a notable discount: CXMT’s current mark price is $7.73, while the oracle price stands at roughly $8.02, meaning the contract trades at a ~3.70% discount to the oracle. Its 24-hour trading volume is around $15.22 million, and open interest (OI) reaches approximately $76.03 million, with the position size nearly 5 times the daily trading volume. CXMT currently has 1,072 long addresses and 823 short addresses, giving a long-short ratio of ~1.3:1 by account count. Among large holders with positions exceeding $1 million, there are 5 long addresses and 2 short addresses, pushing the count-based long-short ratio to 2.5:1. However, by position value, the large holder long-short ratio is ~0.94:1, meaning short positions still outpace longs by about 6.5%. The weighted average entry price for large long positions is ~$6.92, while that for large short positions is ~$6.53, with both sides currently sitting at varying degrees of unrealized loss. Monitoring shows short positions are mainly concentrated in an address starting with 0xf29. This address holds ~$22.4 million in CXMT short positions with 1x leverage, accounting for nearly 30% of the platform’s total CXMT OI. The average entry price of this short is ~$6.5, with a liquidation price of $15.9, resulting in an unrealized loss of roughly $3.52 million so far; it has also paid around $1.72 million in cumulative funding fees.

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