Nobody wants to hold their own Bitcoin anymore.
Ledger confirmed that one customer device contained an unauthorized hardware implant. The wallets came from an approved reseller in Southeast Asia, and analysts trace somewhere between $72 million and $93 million in losses.
So people are leaving self-custody. Scott Melker walks through where the money is going instead: Strategy’s treasury machine, the largest XRP treasury company listing on Nasdaq today, and a measurable spike in holders swapping spot Bitcoin for ETF shares.
He also covers an FTX-backed miner raising 800 million euros to become AI data centers, and a Barron’s piece asking whether Wall Street is adopting crypto or co-opting it.
Timestamps
0:00 Bitcoin is still ranging in the 80s
0:49 Strategy buys $21.5 million of Bitcoin and $192.4 million of its own stock
3:09 Evernorth lists the largest XRP treasury on Nasdaq
4:36 Ledger confirms a hardware implant in a customer device
6:44 Why holders are moving into ETFs instead
7:43 Bitcoin ETF inflows stall after a $1.7 billion burst
8:55 An FTX-backed miner raises 800 million euros to become AI data centers
11:03 Barron’s on tokenization: adopted, or co-opted?
13:27 Trump promises every adult $5,000
#Bitcoin #Ledger #SelfCustody #BitcoinETF #XRP #DailyWolf #YahooFinance
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