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$89M Coldcard wallet hack boosts case for regulated Bitcoin ETFs, says Bloomberg analyst

Market News
02 Aug 2026
UToday
View Source
Bullish
pluang ai news

A security flaw in Coldcard hardware wallets led to an $89 million theft, exposing risks in self-custody crypto solutions. Bloomberg analyst Eric Balchunas argues this incident highlights the safety benefits of regulated spot Bitcoin ETFs, which offer institutional custody and reduce technical risks. Despite ETFs' limitations for direct Bitcoin use, they may become the preferred choice for long-term investors seeking price exposure without self-custody risks. The Coldcard flaw stemmed from predictable key generation software, unlike isolated hardware chips used by more secure providers.

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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...

Market News
Bullish
2 hours ago
Japan's XRP adoption stalls in a 'chicken-and-egg' dilemma, but tokenization may unlock growth.

Japan's XRP adoption stalls in a 'chicken-and-egg' dilemma, but tokenization may unlock growth.

Japanese financial institutions see long-term potential in XRP but hesitate to invest first, creating a 'chicken-and-egg' dilemma where no one wants to lead without broader adoption. Evernorth COO Meg Nakamura highlights that this cautious approach a...

Market News
Bullish
4 hours ago
ETFs in enterprise software, cloud, gaming, and innovation surged on strong SAP cloud growth and tech interest.

ETFs in enterprise software, cloud, gaming, and innovation surged on strong SAP cloud growth and tech interest.

ETFs focused on enterprise software, cloud computing, video gaming, and innovation stocks saw strong gains last week, led by the SAP-focused ETF which jumped 21.22% after SAP reported robust cloud revenue growth and a large cloud order backlog. Other...

Market News
Bullish
4 hours ago
SpaceX to report first public earnings amid Starlink growth and share price drop

SpaceX to report first public earnings amid Starlink growth and share price drop

SpaceX will release its first public earnings report focusing on Starlink's growth, Starship development, and capital spending. Despite shares falling over 50% from their peak and trading below the IPO price, Wall Street remains optimistic with bulli...

Company Fundamentals
Neutral
4 hours ago
XRP Ledger urges node operators to upgrade to xrpld 3.2.1 to stop manifest flood attack.

XRP Ledger urges node operators to upgrade to xrpld 3.2.1 to stop manifest flood attack.

XRP Ledger developers released xrpld version 3.2.1 as a hotfix after a manifest flood attack on July 31 threatened node resources by overwhelming them with unknown validator data. The update introduces four safeguards to limit manifest size, message ...

Protocol Fundamentals
Neutral
4 hours ago
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