Hacks
Coldcard’s $130 million crisis is pushing Bitcoin back into Wall Street’s hands
Exchange reserves surged as users fled exposed wallets, while one analyst said spot ETFs could offer a simpler custody option.
Oluwapelumi Adejumo 7 min read
TradFi News
Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.
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Top TradFi Stories
Digital Asset Treasuries
GameStop plans $1.4 billion stock swap as Bitcoin collateral risk emerges
GameStop shareholders face two major unknowns: how much stock the company will issue and how much Bitcoin remains pledged under its options strategy.
Regulation
CME freezes Nasdaq’s major Bitcoin launch, warning a legal loophole could upend the entire commodities market
The review will test whether a securities exchange can list direct Bitcoin index options in a market CME says belongs exclusively under CFTC oversight.
Latest TradFi News & Analysis
Digital Asset Treasuries
Strategy sells $395 million in Bitcoin and MSTR stock to buyback $81 million in STRC and build cash reserve to $4 billion
Record BTC sales and fresh MSTR dilution are being used to push STRC back toward par and reopen a crucial funding channel.
Digital Asset Treasuries
How Interactive Strength erased a $50M FET token bet and sent common shareholders to the back of the line
The original FET-backed notes are gone, while a separate $2 million secured note arrived in July.
Banking
Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline
DAAQ disclosed no reason for the delay and no redemption tally showing what remains in trust.
Derivatives
Why CME wants phone traders slinging leveraged Nvidia contracts at 3 AM after earnings drop
Wall Street is rewiring America’s top stocks for 23-hour trading because crypto broke our sleeping habits.
Technology
Why 110 corporate blockchains are headed for a massive shakeout – and Coinbase’s secret plan to absorb them
Armstrong expects network effects to concentrate users and liquidity around dominant platforms despite the surge in new launches.
Digital Asset Treasuries
After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine
The company is rebuilding support for its $10.5 billion preferred stock before restarting the digital-credit issuance behind its seven-year goal.
More TradFi News Headlines
Earnings
Robinhood’s crypto revenue plunged 38%, but a sudden explosion in options trading saved its record quarter
Bankruptcy
Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut
TradFi
Goldman Sachs notes tied to Strategy set to pay just 22 cents on the dollar at maturity
ETF
