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Coldcard Bitcoin wallet hack boosts calls for U.S. spot Bitcoin ETFs as safer long-term options

Market News
02 Aug 2026
Crypto news
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Bullish
pluang ai news

A security flaw in Coldcard hardware wallets led to an estimated $88.6 million Bitcoin theft, reigniting debate over the safety of self-custody versus institutional custody. Analyst Eric Balchunas argued that U.S. spot Bitcoin ETFs offer a safer alternative for investors seeking long-term price exposure without the risks of managing private keys. While ETFs shift custody risks to regulated institutions, they provide professional management and avoid seed management issues. However, ETF investors lose direct Bitcoin ownership and network access, making ETFs suitable mainly for those focused on price exposure rather than usage.

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AstraZeneca and Bristol Myers Squibb consider $400B merger to create pharma giant

AstraZeneca and Bristol Myers Squibb consider $400B merger to create pharma giant

UK pharmaceutical company AstraZeneca is in talks to merge with US rival Bristol Myers Squibb, potentially forming a combined entity valued at around $400 billion. The merger would be one of the largest in history, combining AstraZeneca's global reac...

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AI tool recovers 5 BTC wallet after 11 years by fixing recovery software bug

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A crypto user regained access to 5 BTC, worth about $400K, after 11 years of failed attempts using Anthropic's Claude AI. The AI analyzed old local files and found a critical bug in the btcrecover software that had tried trillions of password combina...

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Bitcoin plunges $3,000, dragging altcoins down except ADA, amid market and geopolitical tensions.

Bitcoin plunges $3,000, dragging altcoins down except ADA, amid market and geopolitical tensions.

Bitcoin's price dropped sharply by nearly $3,000 on July 31, falling to $62,236 and wiping $40 billion off its market cap. This decline led the total crypto market cap to fall from $2.33 trillion to $2.22 trillion, with most altcoins also losing valu...

Market News
Bearish
5 hours ago
Coldcard wallet flaw leads to $88M Bitcoin theft, raising security alarms.

Coldcard wallet flaw leads to $88M Bitcoin theft, raising security alarms.

A security flaw in Coldcard wallets, caused by weak randomness in seed phrase generation from a 2021 firmware update, has resulted in the theft of 1,367 BTC worth about $88.6 million. The vulnerability affects models Mk2 through Mk5 and has led to th...

Market News
Bearish
5 hours ago
Pepeto's zero-fee DeFi platform gains traction amid $200K Bitcoin price prediction for 2026

Pepeto's zero-fee DeFi platform gains traction amid $200K Bitcoin price prediction for 2026

Pepeto is launching a zero-fee DeFi trading platform that is attracting significant early-stage investment as Bitcoin price predictions reach $200,000 for 2026. The project benefits from organic community growth and experienced investors, positioning...

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