Hackers Steal Bitcoin, Visa Outlines Stablecoin Plans | Bloomberg Crypto 8/4/2026

Watch on YouTube ↗  |  August 04, 2026 at 18:59  |  42:44  |  Bloomberg Markets
Speakers
Evgeny Gaevoy — CEO & Founder, Wintermute
Cuy Sheffield — Head of Crypto, Visa
Dee Charlotte — Senior Analyst, Bloomberg Intelligence
Tim Stanback — Anchor, Bloomberg
Summer Mersinger — CEO, Blockchain Association; former CFTC Commissioner
Ophelia Snyder — Co-Founder, 21Shares

Summary

Bloomberg Crypto explores surging institutional crypto flows favoring major tokens, optimism around the stalled Clarity Act, a $100M cold wallet hack, the emergence of compute futures as a new asset class, tokenization's slow path to scale, and Visa's booming stablecoin card business.

  • Wintermute OTC data shows institutions now 72% of flows, laser-focused on Bitcoin, Solana, and Hyperliquid.
  • Clarity Act negotiations hinge on ethics; industry expects a Senate vote soon.
  • Over $100M Bitcoin stolen from cold wallets, shaking confidence in self-custody and boosting ETF appeal.
  • CME to launch compute power futures, signaling a new investable asset class akin to oil.
  • Bitcoin miners like Core Scientific and Iren pivot to AI compute, gaining higher valuations.
  • Tokenization remains in test phase; full-scale deployment needs middleware and may take 5-10 years.
  • Visa's stablecoin platform launches with card volumes growing triple digits, positioning Visa as a key beneficiary.
  • Stablecoin volumes hit record $1.79 trillion in June.
Ideas
Evgeny Gaevoy CEO & Founder, Wintermute 6:10
Institutions drive Bitcoin, Solana, Hyperliquid higher.
Wintermute's OTC data shows institutional flows surging to 72% of total, with institutions focusing their investable universe on a narrow set of major tokens like Bitcoin, Solana, and Hyperliquid. Their selective buying is driving price action in these tokens, causing decoupling from the broader market and creating resilient demand. Institutional adoption trend remains strong and is expanding.
SOL BTC HYPE MED
Cuy Sheffield Head of Crypto, Visa 39:42
Visa wins from stablecoin card boom.
Visa's stablecoin card business is seeing triple-digit year-over-year growth, with stablecoin volumes hitting record $1.79 trillion in June. New stablecoin card programs launch almost weekly. Visa's global merchant acceptance network of 200 million provides unmatched distribution, making Visa a key beneficiary of stablecoin adoption.
V HIGH
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This Bloomberg Markets video, published August 04, 2026, features Evgeny Gaevoy, Cuy Sheffield discussing SOL, BTC, HYPE, V. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Evgeny Gaevoy, Cuy Sheffield  · Tickers: SOL, BTC, HYPE, V