$BLSH

Analysts at Cantor and FRNT said the Coldcard wallet exploit could shift some investors from self-custody toward regulated bitcoin products. Cantor expects increased flows to crypto custody providers and cited potential read-through for firms including Coinbase and Robinhood. FRNT said the breach may boost demand for bitcoin ETFs. At least 1,816 BTC (~$114M) was stolen from 5,200+ addresses since July 30.

Equiniti and Bullish said they completed a dividend distribution for Elemental Royalty Corp., giving eligible shareholders the option to receive dividends in Tether Gold (XAU?) in addition to traditional payment methods. Equiniti handled the digital asset component, while Bullish provided digital asset distribution support, according to the companies.

What Ark Actually Bought And Sold? Ark’s daily trading disclosures showed the firm purchased 122,544 Coinbase shares worth $18.6 million and 169,777 Circle shares worth $12.9 million over the past three sessions, according to Decrypt. Both stocks fell alongside Bitcoin (CRYPTO: BTC) earlier this week, with COIN down 7% and CRCL down 6.5% over the past seven days. Meanwhile, ARK also purchased $14.5 million worth of SpaceX (NASDAQ:SPCX) shares across several ETFs on Wednesday.

Galaxy Digital Inc. said in its latest SEC filing that it bought 625,000 shares of Bullish (BLSH) in Q1, worth about $22.33M. Galaxy’s stake is 1.9% of its portfolio. The article also cites multiple analyst target changes and notes BLSH shares opened at $24, with Q1 EPS of $0.13 vs $0.17 consensus.

Siris said it will exercise its option to keep ownership of Equiniti’s EQ Retirement Solutions (EQRS), EQ Customer Resolutions (EQCR), and Lenvi. The deal is expected to close in parallel with Equiniti’s planned sale to Bullish (NYSE: BLSH) in January 2027, subject to approvals. EQRS supports 10M+ members and £10B payments; Lenvi manages £100B+ credit assets.

Bullish (NYSE: BLSH) appointed Thomas Cowan as Head of Tokenization to lead the company’s tokenization strategy. Bullish cited its regulated exchange infrastructure, CoinDesk market data and indices, and a pending $4.2 billion acquisition of Equiniti to expand tokenized securities infrastructure. Bullish also said it received GFSC approval to offer tokenized securities trading.

According to regulatory disclosures cited in the article, Cathie Wood’s ARK Invest bought over $75M in crypto-related stocks in June, including $44M in Coinbase Global (COIN), $25.25M in Circle Internet Group (CRCL), and $8.2M in Bullish (BLSH). It notes COIN, CRCL, and BLSH fell 20%–40% in June amid a nearly 20% drop in Bitcoin to about $58,000.

The article says CRCL shares fell 17% but Bernstein kept a $190 target. It reports Ark Invest bought 27,740 shares of Bullish (BLSH) for about $700k and also bought $3.1m of Bullish stock amid crypto weakness. Ark reduced Alibaba holdings by 79,632 shares for about $7.81m. It also notes Circle’s Momentum score is in the 2nd percentile.

Jefferies analysts led by Andrew Moss warn the U.S. CLARITY Act faces a tighter, more uncertain Senate path. Polymarket odds for enactment by end-2026 fell to 48% from 70% in mid-May, with ~20 legislative days before August recess. The bill needs 60 votes; stablecoin yield and ethics/illicit-finance issues remain. Jefferies flags volatility for Circle (CRCL), Coinbase (COIN), and Bullish (BLSH).

Bullish (NYSE:BLSH) is described as an oversold stock with bullish sentiment and large upside potential. J.P. Morgan’s Kenneth Worthington cut its price target to $26 from $43 but kept a Neutral rating, citing a shift toward tokenized shares and risks tied to the Equiniti purchase. Deutsche Bank’s Brian Bede kept a Buy rating, raising upside despite cutting its target to $61 from $63 after mixed Q1 results.