Crypto Industry News & Market Trends

Coldcard exploit could boost demand for regulated bitcoin exposure, analysts say

SummaryCantor said the Coldcard wallet exploit could provide a positive read-through for crypto-related equities tied to institutional adoption.FRNT Financial said the exploit could increase demand for bitcoin ETFs as some investors seek alternatives to self-custody.Both firms said the long-term impact is likely to be adaptation rather than abandonment, with cold wallet providers improving security while some investors gravitate toward ETFs.　　The Coldcard wallet exploit, which saw investors bitcoin drained from their cold wallets, highlights the risks some investors face with self-custody and could bolster demand for spot exchange-traded funds (ETFs) and be positive for some crypto-related equities, according to Wall Street analysts.　　Investment bank Cantor said the breach may reinforce the appeal of publicly traded crypto firms linked to institutional adoption.　　The bank said the exploit could drive Coldcard users toward managed custody providers, potentially benefiting firms including Robinhood Markets (HOOD), Coinbase Global (COIN), BitGo Holdings (BTGO), Bullish (BLSH), eToro Group (ETOR) and Gemini Space Station (GEMI) through increased customer inflows.　　“The read-through is second-order but we would expect that token flows to custodians and exchanges will increase following the hack,” Nico Pasquariello, a digital asset specialist, said in the Wednesday note to clients.　　The exploit allowed attackers to steal bitcoin from users who had

08-06Industry

Gold hits six-week highs on China demand as Bitcoin ignores fresh S&P 500 record

Bitcoin (BTC) stayed wedged at $64,000 on Wednesdays Wall Street open as gold hit six-week highs.　　Key points:Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks.Bitcoin sees a second day of lackluster performance against US stocks as the S&P 500 builds on all-time highs.　　China in spotlight as gold rebounds past $4,200　　Data from TradingView showed continued BTC price inertia contrasting with upside for both precious metals and US equities.　　BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　Gold gained 2.8% on the day to hit $4,213 per ounce, its highest levels since June 22. Chinese appetite spurred the upside, with Bloomberg reporting 14 consecutive days of inflows for domestic gold-backed exchange-traded funds (ETFs).　　China gold ETF inflows data. Source: Bloomberg　　These products saw their worst month of outflows on record in June per data from the World Gold Council. The year-to-date inflows to Chinese ETFs fell to 40 billion yuan ($5.6 billion). However, this is still the second-best H1 performance on record.　　“Demand for gold ETFs stayed robust amid growing geopolitical and economic uncertainties, while the PBoC‘s non-stop gold purchases continued to provide a supportive backdrop for sentiment. Institutional investor participation in Chinese gold ETFs has also risen, supporting demand for these products,”

08-06Industry

Circle stock reverses 7% rally after mixed Q2 results

Circle stock erased an early 7% rally and fell nearly 3% after mixed second-quarter results and renewed concerns about weaker USDC activity and shrinking margins.　　SummaryCircle reported $701 million in revenue, missing Wall Streets $717 million estimate.Earnings per share reached $0.18, narrowly beating the $0.17 consensus.Mizuho maintained its Underperform rating and $45 price targeton CRCL.CRCL trades near critical support at $58.04as bearish momentum persists.　　Circle earnings beat on profit but miss on revenue　　Circle Internet Group reported mixed results for the second quarter of fiscal 2026, giving investors competing signals about the USDC issuers financial performance.　　Quarterly revenue reached $701 million, falling short of the $717 million expected by Wall Street. However, earnings per share came in at $0.18, slightly above the consensus forecast of $0.17.　　Net income also exceeded expectations. Circle generated $48 million in profit during the quarter, compared with analysts estimate of $45.8 million.　　The initial reaction was positive, with CRCL shares rising about 7% shortly after the report. The rally faded as investors assessed the revenue miss and weaker operating trends underneath the headline profit figures.　　Circle stock subsequently fell around 3%, trading near $61.39 after reaching $63.25 during the previous session. The shares have now lost more than 20% since the beginning

08-05Industry

Ondo Finance has hired Blockchain.coms former CFO as finance chief

Ondo Finance has appointed former Blockchain.com executive Adam Schlisman as its chief financial officer, adding another senior Wall Street and crypto finance veteran as the tokenized-assets company expands its institutional business.　　According to a company press release issued Wednesday, Schlisman will oversee Ondo Finances financial operations after joining from global macro hedge fund Monashee Investment Management, where he served as chief financial officer. His appointment comes as the company continues building products and infrastructure for tokenized capital markets.　　More details ↓https://t.co/YWllNEZGpA　　— Ondo Finance (@Ondo) August 5, 2026　　Ondo Finance adds another senior executive　　Before joining Monashee, Schlisman spent several years as chief financial officer at Blockchain.com, where he managed finance, treasury and risk during a period of rapid expansion. Earlier in his career, he worked for nearly a decade at Graham Capital Management in portfolio management and risk-related roles.　　Founded in 2021 by former Goldman Sachs executives, Ondo has grown into one of the largest tokenized real-world asset platforms. The company offers blockchain-based exposure to U.S. Treasuries, tokenized stocks and other financial products, with more than $3.5 billion across its platform, according to the release.　　Commenting on his appointment, Schlisman said Ondo had reached a stage where institutional adoption was accelerating across multiple business lines.　　“Ondo has

08-05Industry

ZIGChain Laser Digital partnership targets institutional onchain finance

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.　　ZIGChain has secured a strategic investment from Laser Digital to expand institutional-grade investment products onchain.　　SummaryLaser Digital invested in ZIG and will support institutional risk governance for ZIG Markets products.ZIGChain targets at least $100 million in total value locked across planned institutional-grade vault products.The partnership plans onchain private credit, PayFi, invoice financing, SME financing, and stablecoin infrastructure products.　　ZIGChain announced that Laser Digital has made a strategic investment in ZIG and partnered with ZIG Markets. Laser Digital, the digital assets arm of Nomura Group, will help structure products and design risk controls. The ZIGChain Laser Digital partnership aims to bring private credit, PayFi, invoice financing, small-business funding, and stablecoin-based services onchain for institutions and everyday users.　　ZIGChain Laser Digital partnership sets governance role　　Under the agreement, Laser Digital will provide product structuring support, risk framework design, and governance for a pipeline of ZIG Markets vault products. ZIG Markets serves as the product and access layer within the wider ZIGChain ecosystem. Its role includes finding and developing financial opportunities in regional markets. The partnership focuses on emerging-market origination rather than adding another source of onchain

08-05Industry

Kraken parent Payward shifts position on tokenized equities and voting rights

Quick TakeWhile previously xStocks holders had no voting rights on the underlying shares, a collaboration with Broadridge will enable eligible investors to submit proxy voting preferences.　　Payward, the parent company of cryptocurrency exchange Kraken, is changing its approach to how holders of tokenized equities can participate in corporate governance.　　While xStocks holders previously had no voting rights for the underlying shares, a collaboration with Broadridge will now allow eligible investors to submit proxy voting preferences, according to a Wednesday release.　　“The endgame for tokenization was never just building faster programmable capital markets. Its about giving people across the world everything that comes with owning a piece of a company, including a voice in how its run,” Payward Chief Commercial Officer Mark Greenberg said. “Working with Broadridge is a step in that direction, unlocking opportunities for xStocks holders to participate in corporate governance, while closing the gap between tokenized equities and traditional shares.”　　Issued by Backed, xStocks are tokenized equities available to eligible investors outside the U.S. Broadridge provides digital asset infrastructure, including proxy voting, post-trade services, wallets and custody.　　Currently, xStocks are not available to investors in the United States or the United Kingdom, or to U.S. persons. However, last month, Payward said it partnered

08-05Industry

CLARITY Act delay pushes passage bets into 2027

Prediction markets are shifting expectations for the CLARITY Act into 2027 after Senate leaders declined to start the procedural process needed for a vote before the August recess.　　CLARITY Act odds shift toward 2027　　Kalshi traders have become more doubtful that Congress will complete work on the CLARITY Act in 2026 as the Senates pre-recess window narrows.　　A contract tracking whether the legislation will take effect before July 1, 2027, dropped eight percentage points to 41% on Tuesday. The decline suggests traders increasingly expect the process to extend beyond 2026, although the contract does not measure passage during 2026 alone.　　The probability of the bill taking effect before Oct. 1, 2027, stood at 58%. Odds for enactment before Jan. 1, 2028, rose to 65%, showing that bettors still expect the legislation to advance over a longer timeframe.　　More than $5.42 million has been traded across the Kalshi market. The shift followed another day without a cloture filing from Senate Majority Leader John Thune, preventing the chamber from starting the formal countdown toward a procedural vote.　　Senate delay narrows the voting window　　The Senate‘s Aug. 4 floor schedule did not include H.R. 3633, and the chamber’s official list of pending cloture motions named two unrelated measures. No motion

08-05Industry

WOO X Signs Memorandum of Understanding (MOU) with Payward Services

15 JULY, 2026– WOO X, a leading global centralized digital asset exchange, and Payward Services, the B2B infrastructure platform from Payward, the company behind global crypto platform Kraken, have signed a Memorandum of Understanding (MOU) to bring crypto trading to WOO Xs European users through Payward Services trading-as-a-service offering.　　Under the agreement, the companies intend to enable spot crypto trading for WOO X‘s EU users powered by Paywards regulated European infrastructure and licensing. WOO X will join a growing roster of financial institutions using Payward Services’ trading-as-a-service offering, including bunq, one of Europes leading neobanks.　　“Were excited to bring WOO X the power of fifteen years of Paywards regulated infrastructure, creating an easy path to meet customer demand with an expanded trading offering and the right licenses to unlock crypto trading across the EU. When partners work with Payward Services, they can launch crypto trading in a few weeks without building complex in-house infrastructure,” said Mark Greenberg, Global Head of Payward Services.　　The MOU serves as a foundational framework for future cooperation. Both entities will share further operational updates as specific initiatives are finalized.　　About WOO X　　WOO X is a leading global centralized digital asset exchange built by traders, for traders. Backed by YZi

08-05Industry

Yellow Card raises $40 million to link banks to stablecoin processing

SummaryYellow Card raised $40 million in strategic equity funding, lifting its total equity financing above $120 million at a valuation higher than its 2022 $200 million mark but still below $1 billion.The company is working with commercial banks worldwide to use stablecoins and onchain payments to move dollars across borders and compete with legacy systems such as Swift.Yellow Card plans to use the new capital to expand its Global USD Accounts product and add stablecoin and local payment options in Latin America and Asia-Pacific.　　Yellow Card said it raised $40 million in strategic equity funding to expand its stablecoin payment infrastructure offering, betting that banks will increasingly use blockchain technology to move dollars across borders.　　The round included SC Ventures, Standard Chartered‘s venture arm, Sony Innovation Fund, Polychain Capital and Blockchain Capital. It brings Yellow Card’s total equity financing to more than $120 million at a valuation significantly higher than the $200 million it rated in 2022, but not yet $1 billion, one person close to the matter told CoinDesk.　　Neither Yellow Card CEO Chris Maurice nor the U.S.-based companys PR team confirmed the valuation.　　Maurice, who co-founded the firm, said the company is working with commercial banks globally to use stablecoins to bring

08-05Industry

Ondo Finance hires former Blockchain.com CFO Adam Schlisman

SummaryOndo Finance named former Blockchain.com CFO Adam Schlisman as chief financial officer.Schlisman most recently served as CFO of macro hedge fund Monashee Investment Management.The hire comes as Ondo scales its tokenized securities platform, which has surpassed $1 billion in TVL.　　Ondo Finance has appointed former Blockchain.com executive Adam Schlisman as chief financial officer as the tokenized-assets firm expands its finance operations amid growing adoption of onchain capital markets, the company said in a press release on Wednesday.　　Schlisman joins from global macro hedge fund Monashee Investment Management, where he served as CFO.　　Before that, he was chief financial officer at Blockchain.com, overseeing finance, treasury and risk during a period of rapid growth. Earlier in his career, he spent nearly a decade at Graham Capital Management in portfolio management and risk roles.　　Founded in 2021 by former Goldman Sachs executives, Ondo is one of the largest tokenized real-world asset platforms, offering blockchain-based U.S. Treasuries and stocks with more than $3.5 billion across its products.　　Tokenization has emerged as one of cryptos fastest-growing sectors as Wall Street firms race to bring traditional financial assets onto blockchain rails. Banks, asset managers and crypto-native firms are increasingly issuing tokenized versions of Treasuries, money market funds, private credit and equities,

08-05Industry

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