A lot happened this week. A Bitcoin governance fight with a soft fork went live on-chain and died very quickly. The Clarity Act bill odds fell from 27% to 13%. Bitcoin merchants got hacked. And Trezor’s shipping partner leaked data on nearly 14,000 customers. Bitcoin is still holding strong at $63,600 through all of it.
Three security incidents in 12 days. Coldcard. BTCPay. Trezor’s shipping partner. A lot of people are finding out their security setup was not what they thought it was. Hold your keys and your coins tightly, and let’s move forward. Plus, bullish news on $LINK as it appears to be breaking out, despite not having an overall altseason. More details below in our Market Analysis.
Bitcoin users have been fighting over what the network should be used for. One camp says Bitcoin is for money only. The other says block space is open to anyone, including people storing images and data on-chain. This week that debate moved off social media and onto the chain itself, when a group of node operators started enforcing their preferred rules without waiting for miners to agree. This is called a UASF, or user-activated soft fork, and the last time it happened it nearly split Bitcoin in two. At block 961,632, nodes running BIP-110 software began enforcing data restrictions with miner support at just 2.6%, well below the 55% needed for voluntary lock-in. If enforcement holds, activation is projected around September 6. A chain split is possible if major pools and enforcing nodes disagree on valid blocks.
Separately on August 7, BTCPay Server was exploited. BTCPay is free software that lets businesses accept Bitcoin directly without a payment processor like PayPal. A vulnerability let attackers remotely drain the Lightning wallets connected to those systems. Lightning is a fast payment layer on top of Bitcoin, and merchants often keep a small float there to process transactions. Those funds were the target. BTCPay patched the issue in version 2.4.2, but updating alone is not enough. Stolen credential files stay valid until you delete and regenerate them. If you run BTCPay with LND: update to v2.4.2 and LND 0.21.1, rotate all Lightning credentials, and move funds to a fresh wallet.
Full BIP-110 explainer | BTCPay official advisory
This one comes hot on the heels of the Coldcard hack, but it is a very different kind of incident. No wallets were touched. No funds were at risk. This was an off-chain breach at ShipMonk, one of Trezor’s shipping providers, and it only affects people who ordered a Trezor in roughly the last three months. On August 10, Trezor disclosed that ShipMonk suffered unauthorized access to systems holding customer order data. Of the 13,689 customers affected, 11,742 had full exposure of name, email, phone number, and shipping address. Another 1,947 had partial exposure. If you did not order a Trezor between May 10 and August 8, you are almost certainly not affected. Trezor emailed all impacted customers directly from [email protected].
The risk is phishing. Attackers now have enough personal information to send convincing messages pretending to be Trezor, your bank, or a crypto exchange. With home addresses in hand, the threat is not just digital. Never share your 24-word seed with anyone. Never enter your recovery phrase on a website. Your device is secure. Your inbox needs attention.
The Clarity Act did not get a pre-recess vote. Senate Majority Leader Thune confirmed Democrats withheld the procedural support needed to bring it to the floor. The Senate recessed August 8 and will not return until September 14. Thune filed cloture before leaving to keep the bill alive, with the next vote now scheduled for September 15.
Polymarket odds fell from 27% to 13% on the news. The core sticking point is an ethics provision: Democrats want language barring the president, members of Congress, and federal judges from issuing or profiting from digital assets while in office. With Trump’s 2025 crypto earnings reported at $1.4B+, they are not moving without it. Even if a deal is reached in September, the Senate and House would still need to reconcile their versions before anything reaches the president’s desk.
Bitcoin is trading at $63,611 as of this edition, up 0.32% on the session and holding above the $63,368 intraday low. The most recent EngineeringRobo signal is an AI SELL, and the dashboard backs that up: the weekly, 3H, and 45M timeframes are all bearish. The 1D is bullish, trying to hold the structure together, but the multi-timeframe composite is bearish. RSI is neutral at 44.3. Smart Money is OUT. Social Intelligence Score is 5, meaning there is attention on this chart, but institutional positioning has not committed to direction yet.
BTC is also navigating a week with real headline risk baked in. BIP-110’s mandatory signaling window opened at block 961,632, introducing chain split uncertainty. The BTCPay Server exploit drained Lightning nodes. And the Clarity Act collapsed from 27% to 13% odds. Historically, that combination of governance uncertainty and security incidents pressures Bitcoin in the short term even when the price chart is trying to hold.
My bias: NEUTRAL, leaning cautious. The AI SELL signal is the signal I follow, and the multi-timeframe structure supports it. $63,611 is not a breakdown, but it is not a breakout either. BTC needs a clean 4H close back above $65,000 before I get constructive. Until then I’m treating this as a range with a bearish tilt.
What I’m watching: Hold above $63,375 to keep the range intact. A move back toward $65,000 with volume is the bull case. Lose $63,375 on a 4H close and $60,000 comes back into the conversation. The BIP-110 tail risk is worth watching separately from price structure.
Support: $63,375 -> $62,000 | Resistance: $64,398 -> $65,000 -> $66,956
Signals powered by EngineeringRobo AI
ETH is trading at $1,891.46, up 0.21% on the session and attempting to recover inside a descending channel that has defined the structure since the May highs. The most recent EngineeringRobo signal is an AI BUY, and the shorter timeframes are trying to cooperate: the 1D and 3H are both bullish. But the weekly is bearish, the 45M is bearish, and the multi-timeframe composite reads neutral, which is a chart that is not fully committed in either direction. RSI is neutral at 50, sitting right on the fence. Smart Money is BALANCE. Social Intelligence Score is 3, the lowest of the three charts this week, meaning there is less community attention on ETH right now.
ETH is holding above $1,885 for now, which is the first gate I have been watching. The problem is the channel overhead is heavy and the weekly structure has not changed. ETH is not breaking down, but it is also not leading. That tends to be the worst-case setup for altcoins in uncertain macro conditions: grinding sideways while BTC figures out its direction.
My bias: NEUTRAL. The AI BUY and the bullish shorter timeframes give me something to watch, but the weekly bearish read and the weak Smart Money signal keep me from getting constructive here. I want to see ETH hold $1,885 on closes before leaning in.
What I’m watching: A clean close above $1,885 keeps the recovery attempt alive and opens the path toward $1,941 and then $1,975. That $1,975 level is the real test, where multiple AI SELL signals have fired on this rally. Break it with volume and the picture changes. Lose $1,884 on a close and $1,802 comes back into view.
Support: $1,884 -> $1,802 | Resistance: $1,885 -> $1,941 -> $1,975
Signals powered by EngineeringRobo AI
$LINK is trading at $8.881, up 2.49% on the day. This is the most interesting setup of the three charts this week. The most recent EngineeringRobo signal is an AI BUY, and unlike BTC and ETH, the shorter timeframes are lining up: the 1D, 3H, and 45M are all bullish. The weekly remains bearish, but the multi-timeframe composite is reading BULLISH, the only one of the three assets this week where the composite has crossed positive. RSI is neutral at 63, climbing but not overbought. Smart Money is BALANCE. Social Intelligence Score is 5, matching BTC for the most community attention of the three charts.
The fundamental backdrop adds weight to what the chart is doing. Standard Chartered initiated coverage this week with a $200 price target by end-2030. CCIP volume has crossed $23.3B across 78 networks. The Chainlink Reserve is now buying LINK monthly using real protocol revenue and publishing on-chain receipts. The Q2 numbers, $4.9B in CCIP volume up 353% year-over-year, with DTCC, Fidelity, 50+ banks, and Robinhood Chain all building on the infrastructure, are now getting picked up across the broader media cycle. I’ve been a believer in what Chainlink is building for many years. The adoption story and the price chart have not found each other yet, but weeks like this are where that gap starts to close.
My bias: CAUTIOUSLY BULLISH. The multi-timeframe composite going bullish while BTC and ETH sit neutral-to-bearish is a notable divergence worth paying attention to. Key support levels on the chart are $8.366 and $8.119. LINK needs to hold above $8.366 on closes to keep this structure intact.
What I’m watching: A daily close and hold above $8.881 keeps the momentum building. The AI BUY signal combined with bullish short-term timeframes gives this setup more credibility than a single candle move. Lose $8.119 on a daily close and the setup weakens considerably. The weekly bearish read is the risk to watch, it has capped every recent rally attempt.
Support: $8.366 -> $8.119 -> $7.001 | Resistance: $8.895 -> $10.000 -> $12.00
Ashton Addison@Ashton_Addison_
I've been seeing $LINK across the TL a lot today. Q2 numbers just dropped: - $4.9B in CCIP volume (+353% YoY) - $7B+ in assets migrated to CCIP in one quarter - $110B total value secured - DTCC, Fidelity, 50+ banks, @RobinhoodCrypto Chain all building on it Price hasn't caught
3:55 PM · Aug 12, 2026 · 10.2K Views
17 Replies · 25 Reposts · 299 Likes
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⭐⭐⭐ BIP-110 mandatory signaling window opened at block 961,632. Node operators are now enforcing data restrictions regardless of miner support (2.6%). Chain split risk is real. Check what software you’re running.
⭐⭐⭐ BTCPay Server exploit actively drained Lightning wallets. Patch to v2.4.2 and LND 0.21.1 immediately, then rotate all Lightning credentials. Updating alone does not close the exposure.
⭐⭐⭐ Clarity Act delayed to September. Polymarket odds: 13%. Ethics provision over Trump’s crypto holdings remains the blocker. Next vote September 15 at the earliest.
⭐⭐⭐ Trezor: 13,689 customers’ personal data exposed via ShipMonk breach. Names, addresses, phone numbers, and emails leaked. No wallets or funds affected. If you ordered between May 10 and August 8, check your inbox.
⭐⭐ $LINK broke above its descending trendline, up 5.8% on August 11. Standard Chartered set a $200 price target by 2030. CCIP volume crossed $23.3B across 78 networks.
⭐⭐ Three Bitcoin infrastructure security incidents in 12 days. Coldcard, BTCPay, and Trezor’s shipping partner. Audit your setup.
⭐⭐ eCash hard fork targeting Bitcoin block 964,000 around August 21. Existing Bitcoin holders don’t need to take action. This does not affect the Bitcoin network or your holdings.
⭐⭐ Anvil demonstrated secured BNPL at Blockchain Futurist Conference. Companies secured event spots using crypto-collateralized Letters of Credit instead of cash upfront. Read the full CCS coverage
This was a week where the news was doing a lot of the talking. A Bitcoin governance fight nobody fully agrees on went live on-chain. A payments tool thousands of merchants trust quietly got exploited. The clarity act that looked close a week ago fell to 13% odds but should be picked up when the senate comes back from recess. And the trezor data breach that has nothing to do with your wallet is now putting home addresses in the hands of phishers. Bitcoin holding $63,600 through all of it is its own kind of signal.
Ashton Addison
CEO, Crypto Coin Show
© 2026 Crypto Coin Show.
This publication is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. Investments in cryptocurrencies involve significant risk including loss of capital. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
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