NOMURA CRATERED AFTER CRYPTO LOSSES HIT Q3!
⚠️ MAJOR WARNING SHOT FIRED ACROSS TRADFI BOWS.
Japanese giant Nomura saw shares drop 5.3% instantly.
The culprit? Massive crypto-related losses impacting Q3 results.
Laser Digital, their Swiss crypto trading arm, reportedly ate over 10 Billion Yen in red ink. 💸
This shows the contagion risk is still very real for legacy finance dipping toes in digital assets.