Financial Data and Key Metrics Changes - For Q1 2025, the company reported a normalized adjusted EPS of $1.30 and total adjusted net trading income per day of $8.3 million, with quarterly EBITDA at $320 million and an EBITDA margin of 64% [9][38]. - The adjusted net trading income totaled $497 million, with market making adjusted net trading income at $382 million and execution services adjusted net income at $115 million [38]. Business Line Data and Key Metrics Changes - The market making segment had its best quarter since Q1 2021, with strong performance in non-customer global equities, digital assets, and ETN block market making franchises [10][11]. - The execution services segment (VES) has shown consistent growth, achieving its seventh consecutive quarter of increasing net trading income [13][14]. Market Data and Key Metrics Changes - Retail participation in the market has been robust, with levels comparable to the pandemic days of 2020, indicating a long-term bullish outlook for retail engagement [24][26]. - The company noted a significant increase in retail account openings, suggesting sustained retail participation [84]. Company Strategy and Development Direction - The company is focused on diversifying its market making operations and expanding its execution services, with a goal of achieving a $2 million per day run rate for VES in the medium term [19][66]. - Strategic initiatives include enhancing technology platforms, expanding product offerings, and improving operational efficiencies across various business segments [17][27]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of retail engagement and the overall market environment, citing strong operational performance during recent market volatility [21][84]. - The company anticipates continued growth driven by market volumes and volatility, as well as the expansion of its options, digital asset, and ETF block businesses [26][27]. Other Important Information - The company has repurchased over 52 million shares at an average price of $25.85 per share, demonstrating a commitment to returning capital to shareholders [41]. - The company has streamlined operations and improved technology platforms, resulting in higher EBITDA margins for its businesses [18]. Q&A Session Summary Question: Can you help us think about the balance between the wholesale business and beyond exchange business? - Management indicated that the increase in market making NTI was evenly allocated between customer and non-customer businesses, with strong performance across various segments [46][48]. Question: What gives you confidence in the $2 million per day target for the VES business? - Confidence stems from significant improvements in technology, product offerings, and successful cross-selling initiatives within the execution services segment [66][71]. Question: Is there any indication that retail participation is slowing? - Management noted that retail engagement remains healthy and sustainable, with account openings continuing to grow, contradicting any narrative of a slowdown [82][84]. Question: Can you provide more details on the growth of the core non-customer market making business? - The company is focused on enhancing technology, improving execution quality, and diversifying revenue streams, indicating that the non-customer market making business is vibrant and growing [92][95]. Question: What is the product roadmap for the crypto business? - The company is expanding its crypto offerings, providing liquidity for a growing number of coins and exchanges, and is positioned to support institutional demand for digital asset products [100][108]. Question: How does your offering stack up against competitors in the outsourced trading business? - Management highlighted that their offering is more of an agency aggregation tool for smaller firms, contrasting with competitors' more focused white-label solutions, which do not scale as effectively [112][116].

As filed with the U.S. Securities and Exchange Commission on April 23, 2025. Registration No. 333-284776 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Digital Asset Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classifi ...

As filed with the U.S. Securities and Exchange Commission on April 23, 2025. Registration No. 333-284776 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Digital Asset Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classifi ...

Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) has signed a binding agreement with Crypto.com and Yorkville America Digital to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand, marking a significant step in diversifying into financial services and digital assets [1][4]. Group 1: Partnership and Product Launch - The agreement follows a non-binding agreement signed in March, with Davis Polk & Wardwell LLP advising on the development and launch of the products [2]. - The ETFs will include digital assets and securities with a focus on American-made products across various industries, subject to regulatory approval, and are expected to launch later this year [3]. Group 2: Strategic Goals and Financial Commitment - TMTG aims to invest up to $250 million in the ETFs and Separately Managed Accounts (SMAs) using its own cash reserves, as part of its financial services and FinTech strategy [4]. - The partnership is expected to provide global distribution for the Trump Media ETFs, leveraging Crypto.com's platform [4]. Group 3: Company Background - TMTG operates Truth Social, a social media platform aimed at promoting free speech, and Truth+, a streaming platform focused on family-friendly content, alongside the new Truth.Fi financial services brand [5]. - Crypto.com, founded in 2016, has over 140 million customers and is recognized for its regulatory compliance and security in the cryptocurrency space [6]. - Yorkville America Digital specializes in branded investment products centered around digital assets and American businesses, catering to specific client needs [7].

Core Viewpoint - Bank of America is set to pay $540.3 million following a judge's ruling in a lawsuit initiated by the FDIC regarding underpayment for deposit insurance [1] Group 1: Lawsuit Details - The FDIC sued Bank of America for $1.12 billion in 2017, claiming the bank did not comply with a 2011 rule that altered how banks report risk exposure, leading to reduced deposit insurance contributions [2] - The judge ruled against Bank of America's argument that the FDIC's rule lacked a reasonable basis, stating that the FDIC was not obligated to create a "perfect measure" for predicting banks' potential losses [3] - The judge determined that the FDIC's lawsuit was filed too late to claim amounts prior to the second quarter of 2013, resulting in the ordered payment covering assessments from Q2 2013 to the end of 2014 [3] Group 2: Bank of America's Response - A spokesperson for Bank of America expressed satisfaction with the judge's ruling and noted that the bank has reserves in place reflecting this decision [4] Group 3: Regulatory Environment - The FDIC's new acting chairman, Travis Hill, announced plans for a comprehensive review of regulations and a more open-minded approach to innovation and technology, including FinTech partnerships and digital assets [5] - The FDIC has recently updated its guidance, allowing FDIC-supervised institutions to engage in crypto-related activities without prior approval, provided they manage associated risks effectively [6]

As filed with the U.S. Securities and Exchange Commission on April 14, 2025. Registration No. 333-284776 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Digital Asset Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ ___________________ Copies to: Elliott Smith Perkins Coie LLP 1155 Avenue of the Americas New York, New ...

RT Digital Pound Foundation (@digitalpoundfdn)The UK is at a critical juncture in the digital assets space.At @Ripple's UK Policy Summit, we discussed how the UK can solidify its position as a global leader in digital assets.With the upcoming regulatory framework, there's a huge opportunity to unlock growth, from faster cross-border payments to the tokenisation of financial markets. To succeed, we must act with urgency and develop a clear, risk-sensitive approach to regulation. It's time for the UK to lead ...

Core Viewpoint - CoinShares International Limited plans to distribute an annual dividend of approximately GBP 0.30 per ordinary share, totaling GBP 20,000,000, following the finalization of the Group audit for the year ended 31 December 2024 [1][2]. Group Summary - The Company aims to return between 20% and 40% of the Group's profit after tax to shareholders as annual dividends, adjusted for any special dividends [1]. - The dividend will be paid in four equal installments of GBP 5,000,000 each, with key dates for the payments outlined [2][4]. - The total number of shares outstanding as of 31 December 2024 was 66,678,210 [3]. - Each dividend payment will be subject to an assessment of the Group's financial health by its Board [5]. Company Overview - CoinShares is a leading European alternative asset manager specializing in digital assets, providing a range of financial services to various clients [6]. - The firm was founded in 2013 and is headquartered in Jersey, with additional offices in France, Stockholm, the UK, and the US [6]. - CoinShares is publicly listed on Nasdaq Stockholm and regulated by financial authorities in Jersey, France, and the US [6].

As filed with the U.S. Securities and Exchange Commission on April 1, 2025. Registration No. 333-284776 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Digital Asset Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 N/A Elliott Smith Perkins Coie LLP 1155 Avenue of the Americas New York, New York 100 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Digital Asset Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 N/A As filed with the U.S. Securities and Exchange Commission on April 1, 2025. Registration No. 333-284776 (State or other jurisdiction of incorporation or organization) (Primary Standard ...