Get it on Google Play

August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

Author: Matt Diemer August 5, 2026 Duration: 9:43
Daily Crypto News
NewsBusinessDailyInvestingTechnology

Coldcard remains the dominant story as estimates of the hardware wallet exploit continue climbing. Researchers now believe at least 15 attackers were involved, with losses exceeding $100 million and possibly approaching $130 million, affecting roughly 7,300 wallet addresses. Matt argues that companies selling security products should be held responsible when failures stem from their own implementation, comparing the situation to how exchanges eventually created reserve and insurance funds after years of hacks. 


The episode also covers Circle's new institutional ARC blockchain, Visa and Mastercard expanding stablecoin payment infrastructure, Hashdex closing its DeFi Spot Bitcoin ETF, continued uncertainty surrounding the CLARITY Act, a foiled plot to kidnap a Bitcoin holder, and World Chain's upcoming throughput upgrade. Matt closes by arguing that trust is crypto's most valuable asset, and when companies built around security fail to protect customers, confidence in the entire ecosystem suffers. 


Happy Hodling, Everyone.

Hosted on Acast. See acast.com/privacy for more information.


Matt Diemer brings you the essential updates from the fast-moving world of digital assets with Daily Crypto News. Each episode is crafted to fit into your morning routine or commute, delivering a concise yet comprehensive overview in about twenty minutes. You'll hear clear explanations of major market movements, breaking regulatory developments, and significant technological shifts, all framed with a focus on practical insight for anyone following this space. The tone is straightforward and informed, cutting through the hype to highlight what actually matters for investors and the curious alike. By focusing on brevity and clarity, this podcast serves as an efficient daily briefing, ensuring you stay informed without getting overwhelmed by the constant noise. Tune in for a no-nonsense summary that connects the dots between market events, business implications, and the underlying technology, making the complex landscape of cryptocurrency more accessible one day at a time.
Author: Language: English Episodes: 50

Official website RSS
Daily Crypto News
Podcast Episodes
August 21: Bitcoin Hits $77K as Liquidity Floods Back Into Crypto [not-audio_url] [/not-audio_url]

Duration: 15:55
Bitcoin’s rally is accelerating, with BTC climbing toward $78,000 as improving global liquidity, heavy ETF buying, and another massive short squeeze drive the market higher. Matt breaks down roughly $1.6 billion in Bitco…
August 14: Bitcoin Slips Below $63K as Liquidity Dries Up [not-audio_url] [/not-audio_url]

Duration: 9:53
Bitcoin slipped below $63,000 as weak liquidity and cautious sentiment continue weighing on the market. Matt covers MSCI considering rules that could exclude Bitcoin treasury companies like Strategy and Metaplanet from m…
August 12: Bitcoin Waits for CPI as Harmony Suffers a Major Exploit [not-audio_url] [/not-audio_url]

Duration: 3:18
Today’s crypto market is quiet, but it is not calm in a healthy way. Bitcoin is sitting around $64K ahead of the July CPI report, with perpetual trading activity at its lowest level since 2023 and volatility still compre…

«12345»