The $120 million Coldcard hack lights up Bitcoin's memory pool

Your day-ahead look for Aug. 5, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Aug. 5, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Nomura's digital asset subsidiary Laser Digital has made a strategic investment in ZIGChain, estimated to be in the high single-digit millions. The investment is aimed at advancing on-chain private credit operations in the United Arab Emirates. ZIGChain is positioning itself as a blockchain platform to facilitate private credit markets in the region. The backing from Laser Digital signals growing institutional interest in tokenized credit products across the Middle East.

Despite crypto's growing institutionalization, the market continues to react sharply to news headlines and narratives rather than fundamentals. Analysts observe that price movements are frequently triggered by rumor and sentiment rather than underlying asset value. This behavior persists even as major institutional players have entered the space, suggesting that market maturity has not eliminated speculative reflexes. Experts argue that the real trading edge now lies in analyzing positioning data beneath the surface noise. Understanding what market participants are actually doing, rather than reacting to headlines, is increasingly seen as the key to navigating crypto markets.

Ondo Finance, a tokenized-assets firm, has hired Adam Schlisman as its new Chief Financial Officer. Schlisman previously held senior finance roles at Blockchain.com and investment firm Monashee. The appointment signals Ondo Finance's ambition to scale its onchain capital markets operations. The company is actively expanding its presence in the growing tokenized real-world assets space.

Galaxy Digital saw its shares decline 5% following the release of its second-quarter financial results. The company's Helios division generated data-center revenue for the first time during the period. Phase I of the Helios project is projected to bring in approximately $80 million per quarter beginning in Q3. The milestone marks a notable expansion of Galaxy Digital's operations beyond its core crypto financial services business.

Discussion (0)
Log in to join the discussion and vote.
Log in