šØ INSTITUTIONAL PAIN EXPOSED: NOMURA'S $68M CRYPTO BOMB šØ
Japanese giant Nomura confirms a massive 10.6 billion yen ($68 million) loss driven by its crypto arm, Laser Digital. This is the fallout from the brutal "10/10" crash.
ā¢ Losses stemmed from battered "sizable" long positions held through October/November volatility.
ā¢ CFO admits extreme downside punished their risk framework.
ā¢ Despite the hit, Nomura claims commitment to digital assets remains "unchanged."
ā¢ They are now aggressively tightening controls and reducing risk exposure immediately.
This shows even the big players get wrecked by crypto velocity. The iceberg theory is real.
#CryptoLoss #InstitutionalAdoption #LaserDigital #MarketCrash š