Puck Off

Ultimately that wondrous concept of having ATMs for crypto has withered to a death by regulation in the northern end of North America as Ottawa kills something which removed folks from the Looney market and also potentially endangered taxation while also being often tinged with fraud and other skullduggery, hence: Canada Proposes Ban On Crypto ATMs As Fraud Cases Mount (CoinDesk) / Canada Moves To Ban Crypto ATMs, Labeling Them As ‘Primary Method’ For Fraud (The Block). Some may say Canada’s regulators are refusing to skate to where the money is going of course.

One broker with a big crypto exposure saw higher revenues but muted income increase - a glaring contrast to more conventional charging brokerages like Schwab and IBKR: Robinhood Reports Q1 2026 Results (Robinhood)

• Revenues $1.07 billion, +15%

• Net income $346 million, +3%

• Diluted EPS $0.38

Meanwhile, it’s official, SBF looks ever more likely to actually serve his sentence as Sam Bankman-Fried’s Request For New Trial Tossed By Judge (Cointelegraph)

QV:

EI 3560: SBF Withdraws Retrial Motion
EI 3526: SBF Trials
EI 3501: SBF DeFi-ant

Grim data on a day when another crypto entity ran out of funds entirely:
Galaxy Posts $216 Million Q1 Loss Amid Crypto ‘Transition Year,’ Novogratz Bullish On Data Center Growth
The Block
Galaxy Posts $216 Million Q1 Loss As Crypto Price Declines Hit Results
Yahoo Finance

Meanwhile it all over for Over protocol: Another Crypto Project Shuts Down As Funding Runs Dry (TheStreet). The problem remains as we have been noting for months, a vast swathe of crypto looks pretty insolvent or at least won’t get refunded as it burns… That’s hardly auspicious for the future of money, as some have termed the movement. QV Michael Terpin: ‘Crypto Godfather’ Says Bitcoin Has Further To Fall (Yahoo Finance).

See also, The Hidden Problem Slowing Community Banks’ Crypto Adoption (PYMNTS).

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