BlackRock Bitcoin Buying Rebounds as ETF Investors Sit 22% Underwater
BlackRock clients purchased $273 million in Bitcoin over two days as the cryptocurrency declined. Average US spot Bitcoin ETF investors currently face losses of 22% on their positions.
Read full story →3 Earnings Misses Later, Wall Street Will Not Give Up on Coinbase Stock
Coinbase missed earnings expectations for the third consecutive time, prompting analysts to lower their stock price targets. Despite the misses, most analysts maintained buy ratings and continue recommending the stock to clients.
Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach
A latent bug in Coinkite's Coldcard firmware was discovered, prompting the release of a fixed version. The vulnerability was likely identified using AI-assisted code review tools that can detect security issues faster than experienced human experts.
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
A software bug in Coldcard hardware wallets enabled the theft of nearly 600 bitcoin valued at approximately $38 million. The incident has raised concerns about self-custody security and whether individual investors should instead use bitcoin ETFs to manage their assets.