The bitcoin market has plenty of reasons to freak out, yet calm pervades

Your day-ahead look for Aug. 4, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Aug. 4, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
BNY, a major custody bank, is expanding its digital asset custody platform to include cryptocurrency staking services. The bank has selected Galaxy to provide the underlying staking infrastructure for this initiative. The move is aimed at broadening the range of services BNY offers to institutional crypto investors. By integrating staking, BNY seeks to meet growing demand from institutions looking to earn returns on their digital asset holdings.

Hardware wallet manufacturer Coldcard has urged its users to transfer their bitcoin holdings due to an active security vulnerability. The flaw has already been linked to approximately $114 million in losses and has not yet been fully patched. Certain specific Coldcard device models and firmware versions remain exposed to the exploit. The company issued the warning as the threat continues to be live and ongoing.

South African lawmakers have introduced a draft regulatory framework governing cross-border cryptocurrency transactions. Under the proposed rules, any transfer of crypto assets to foreign destinations must be carried out through an authorized service provider. The draft also mandates that such transactions be reported to FinSurv, the financial surveillance department of the South African Reserve Bank. The proposal signals a move toward greater oversight of digital asset flows across South Africa's borders.

Bitcoin moved higher, approaching the $64,000 mark as market turbulence from the weekend began to subside. Two key pressures had weighed on sentiment: a security exploit targeting Coldcard hardware wallets and a round of Bitcoin sales by Strategy. Despite the price recovery, the overall market mood continued to register in the 'extreme fear' zone. Cardano's ADA also posted gains amid the broader partial stabilization of crypto markets.

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