BF227 - The Bear Market Exposes Everything - 8/2/26

🎙 Bitcoin Fortress Podcast — Episode 227 The Bear Market Exposes Everything Date: August 2, 2026 Block Height: 960749 Moscow Time: 1584 Fees: 1 / 3 /3   In this episode: In this episode, we examine how the bear market is exposing weak security assumptions, fragile business models, and hidden leverage across the Bitcoin ecosystem. We cover the Coldcard vulnerability, Strategy’s evolving capital structure and preferred securities, Coinbase’s continuing losses, ETF flows, miner capitulation, the AI pivot, the Federal Reserve, the growing federal debt burden, the CLARITY Act, and the end of BitMEX. We also review the week’s major Bitcoin podcast themes, feature “Building Instead of Extracting,” and discuss all four Bitcoin Fortress books, including the newly released The Architecture of Money.   Bitcoin Fortress YouTube Channel: https://www.youtube.com/channel/UCEPGN1YCIQcMxkUig5GaNrQ   Bitcoin Fortress Substack Featured Post: Building Instead of Extracting - A Bitcoin Way of Life - Week 11 https://bitcoinfortress.substack.com/p/a-bitcoin-way-of-life-week-11   Bitcoin Fortress Books: Bitcoin Fortress: A Simple Guide to Bitcoin for Beginners Bitcoin Retirement and Estate Planning The Bitcoin Lifestyle The Architecture of Money Follow me on Nostr: npub122fpu8lwu2eu2zfmrymcfed9tfgeray5quj78jm6zavj78phnqdsu3v4h5   NEWS (July 26, 2026 – August 2, 2026) Security & Self Custody Coldcard vulnerability expands into major bitcoin theft https://www.coindesk.com/tech/2026/08/02/bitcoin-cold-wallet-attack-spreads-to-4-500-addresses-as-losses-near-usd89-million Initial report on the coordinated attack https://www.coindesk.com/tech/2026/07/31/major-bitcoin-wallet-flaw-drains-594-btc-in-25-minute-sweep Strategy / Bitcoin Treasury Companies Strategy Q2 2026 Financial Results https://www.strategy.com/press/strategy-announces-second-quarter-2026-financial-results_07-30-2026 Strategy earnings coverage https://www.barrons.com/articles/strategy-earnings-stock-price-ff30d6f8 Markets Coinbase Q2 Earnings https://investor.coinbase.com/ Coinbase reports third consecutive quarterly loss https://www.reuters.com/business/finance/crypto-exchange-coinbase-reports-third-straight-quarterly-loss-trading-slowdown-2026-07-30/ Bitcoin ETF weekly flows https://www.coindesk.com/markets/2026/07/27/bitcoin-etfs-record-third-consecutive-weekly-inflows-despite-losses-of-usd465-million-to-end-week NYDIG Quarterly Research https://www.nydig.com/research/q2-2026-review-leverage-not-spot-demand-is-driving-bitcoin-while-value-and-momentum-buyers-wait?utm_source=chatgpt.com Federal Reserve & Macro Federal Reserve July FOMC Statement https://www.federalreserve.gov/newsevents/pressreleases/monetary20260729a.htm U.S. Debt Clock (Treasury) https://fiscaldata.treasury.gov/datasets/debt-to-the-penny Regulation Latest CLARITY Act analysis https://www.dwt.com/blogs/financial-services-law-advisor/2026/07/senate-updates-crypto-market-bill SEC Crypto Task Force https://www.sec.gov/securities-topics/cr