Cryptonews

Unraveling the World of Crypto - One News at a Time

Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains

U.Today Published 02.08.2026 15:20

Bloomberg’s Eric Balchunas shares his take on a $89 million drain from Coldcard hardware wallets and how it provides the ultimate bull case for regulated spot Bitcoin ETFs.

Read full article →

Related articles

  • 382,000-Member Police Group Supports Revised Crypto CLARITY Act
    Bitcoin.com Published 25.07.2026 00:30
  • $0 in DOGE Shorts Liquidated in 12 Hours: Where Did the Bears Go?
    U.Today Published 18.07.2026 14:00
  • Coinbase Exec ‘Relentlessly Optimistic’ on CLARITY Act Odds
    Bitcoin.com Published 01.08.2026 17:44
  • Altria (MO) Stock Surges to 52-Week Peak — Key Factors Behind the Rally
    Blocknomi Published 28.07.2026 16:39
  • Coinbase Touts Major Win Against SEC and FDIC
    U.Today Published 22.07.2026 16:28
  • Binance Wallet Joins RealFi Alliance of Pharos Network
    BlockchainReporter Published 23.07.2026 10:20
  • Evernorth updates SEC filing for $1B XRP treasury
    Crypto.News Published 30.07.2026 15:31
  • JetBlue Airways Corporation (JBLU) Stock: Rolls Out Easier Booking System and New Premium Options
    Blocknomi Published 27.07.2026 20:10

Market Prices

Bitcoin

Bitcoin

$63,111.35

BTC 0.01%

Ethereum

Ethereum

$1,678.64

ETH 1.11%

XRP

XRP

$1.17

XRP 2.73%

Solana

Solana

$66.79

SOL 1.85%

Cardano

Cardano

$0.17

ADA 4.12%

Stellar

Stellar

$0.20

XLM -0.73%

RSS Latest Crypto News

  • Trump Media launches Truth API amid SEC scrutiny
  • Coinkite Under Fire for Retaining Customer Emails After $88M Coldcard Hack
  • Coldcard users face urgent seed migration warning
  • The US just blacklisted the Iranian maritime scheme forcing commercial ships to pay Bitcoin tolls for safe passage
  • XRP Price Prediction: Elliott Wave Setup Warns Current Bounce Could Precede Another Sell-Off in August
  • XRP Ledger urges node upgrade after manifest flood
  • Stablecoin Supply Sheds $15 Billion in Biggest Drop Since Terra
  • Bitcoin ETFs gain fresh case after $89M Coldcard drain, says Balchunas
  • Strategy Breaks Precedent, Keeps STRC Dividend at 12% Despite Discount to Par
  • Michael Saylor Says Strategy Never Promised to Hold Bitcoin Forever
  • How XRPL validators quietly killed a silent exploit that could have drained victim accounts through transaction fees alone
  • Strategy leaves preferred STRC dividend at 12% as price still below par
  • Minnesota loses first round against Kalshi, Polymarket
  • Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains
  • Trump Media-linked wallets move $165 million in bitcoin to Crypto.com, leaving 4,261 BTC in tracked wallets
  • Shiba Inu Price Climbs After Weekly SHIB Burn Nears 3 Billion
  • What’s the Deal With Meta’s ‘Pervert Glasses’?
  • Why Is Cardano (ADA) Up 9% Today While the Crypto Market Stalls?
  • Bitcoin’s Unrealized Loss Drops Below 40% Stress Zone, Analysts Say Risk Hasn’t Fully Passed
  • Urgent XRPL Update: Ripple Director Urges Node Operators to Install Critical Fix