The Game Day

The Game Day

[The Game Day @thesteelland]

Prediction markets are going mainstream, but the math is heavily stacked against you. 🧵👇
1/ With platforms like Wealthsimple Predict launching in Canada and US brokerages expanding retail access, "event contracts" are the newest trend. But they are NOT traditional investing.
2/ A study of 1.4M users ($20B in volume) found that 70.8% of traders lost money. Even worse, the top 1% of elite traders captured 84% of all gains.
3/ Why? It’s a strict zero-sum game. No new wealth is created; money is simply pooled. Every dollar won by an algorithmic trader is directly extracted from a casual user's wallet.
4/ In Canada, regulators at CIRO have set tight guardrails: only economic/climate contracts are allowed (no sports or political elections), and leverage is completely banned.
5/ Without a massive informational edge, your expected return is mathematically zero. 75% of Canadians correctly view these markets as gambling. Trade with caution. 🏦🛡️
#Investing #PredictionMarkets #Polymarket #CdnEcon #FinanceNews

[CoinMarketCap @CoinMarketCap]

Crypto today:

[The Game Day @thesteelland]

How do US crypto platforms legally sell stablecoins to Canadians without the massive burden of full dealer registration? 🧵🇨🇦
1/ Under Canadian law, stablecoins are treated as securities/derivatives. Normally, any business trading them must register as a fully compliant securities dealer.
2/ But on July 30, 2026, the OSC issued a landmark decision granting exemptive relief to US-based crypto provider Zero Hash. Here’s how the "shortcut" works:
3/ The Immediate Delivery Model. The platform acts strictly as an instant pipeline. They deliver the stablecoin to the user's wallet immediately upon payment, meaning they hold zero user balances.
4/ The Catch? No leverage or margin accounts allowed. The platform is also restricted to preapproved, fiat-backed stablecoins like USDC and QCAD.
5/ To keep things safe, they must maintain registration with FINTRAC, provide quarterly reports to the OSC, and operate on a strict 4-year expiration clock.
6/ This decision provides a critical blueprint for global fintech firms looking to access Canadian liquidity while waiting for the federal Stablecoin Act to come into force.
#CryptoCompliance #Stablecoins #OSC #Canada #Fintech #USDC

[The Game Day @thesteelland]

Modern investment scams aren't clumsy emails anymore. They are highly coordinated digital funnels designed to systematically take your money. 🧵👇
1/ It starts on your social feed. You see a highly polished ad promising guaranteed returns using "AI crypto signals". The scammers pay influencers to instantly establish trust.
2/ Once you click, you enter a mirror world. The fake trading platform uses stolen corporate branding and counterfeit regulatory seals so you feel safe depositing your funds.
3/ Behind the scenes, the scammers constantly shift their operations across rapidly rotating, unregistered website domains to bypass search filters and evade law enforcement.
4/ Inside, the trap snaps shut. Your dashboard shows massive, fabricated gains. But when you click "withdraw," the site halts the transfer—demanding fake fees/taxes or participant recruitment.
5/ The scale is staggering. The CSA’s 2025-2026 report shows they deactivated 11,728 scam websites (nearly 20,000 URLs) and issued 763 investor alerts—85% of which were crypto-related.
6/ Protect your capital. If you see unregistered domains or aggressive AI hype, simply swipe past the trap and break the funnel. #InvestmentFraud #CryptoScam #CyberSecurity #Web3 #SecurityTips

[The Game Day @thesteelland]

Canada's Stablecoin Act (2026) just ended the era of "unbacked" tokens. 🧵🇨🇦
1/ To prevent catastrophic bank runs, the federal government now mandates that all fiat-backed stablecoins must be registered with the Bank of Canada.
2/ The Core Rule: For every digital token in circulation, there must be exactly one real, highly liquid dollar locked in a secure reserve vault.
3/ No more "hidden haircuts." The law enforces Par Value Redemption, meaning you are legally entitled to trade your token back for cash at a perfect 1:1 ratio with no delays.
4/ This isn't just about domestic tokens. The framework applies to any issuer serving Canadians, even if they are based offshore.
5/ Bottom line: Canada is building a "safe payment instrument" framework that treats digital dollars with the same seriousness as traditional bank deposits.
#Stablecoin #Canada #CryptoNews #BankOfCanada #DigitalDollar #Regulation

[HTX @HTX_Global]

Name one crypto in moon mode! 🚀

[The Game Day @thesteelland]

Paid ads for crypto are officially the hardest budget to justify in 2026. 🧵📉
1/ Major networks ban the ads, and "scam-weary" users ignore the ones that survive. To grow, you must borrow credibility from trusted partners.
2/ This makes Affiliate and Referral the highest-leverage channels. They are high-control, high-trust, and high-measurability.
3/ The "Spine Strategy": Treat your partner program as the backbone. Route your KOLs, ambassadors, and community through the same tracking system to compare CAC across the board.
4/ Stop chasing "mercenary" users from airdrops. They produce great top-of-funnel numbers but terrible 30-day retention.
5/ The fix: Use specialized tracking links to ensure you only pay a fee (CPA) after a real deposit hits the blockchain. Math > Hype. 🛡️₿
#Web3 #MarketingStrategy #AffiliateMarketing #CryptoNews #CAC #Growth

[The Game Day @thesteelland]

Canada’s ETF industry is on a record-breaking tear. 🧵🇨🇦
1/ Assets reached a new high of US$730.31 billion at the end of July 2026, up 25% since the start of the year.
2/ This isn't just a "rising tide" from the stock market. Passive growth wasn't enough to hit these numbers—it required a massive influx of fresh cash.
3/ Record Pace: YTD net inflows hit $109.26 billion, the highest on record. We are currently on a relentless 49-month streak of consecutive new cash entering the system.
4/ Where is the money going? Investors are aggressively targeting Equity and Actively managed funds over standard fixed income,.
5/ Top 3 providers (RBC iShares, BMO, Vanguard) now control 63% of the total $730B market. 🏛️💸
#ETF #Canada #Investing #StockMarket #FinanceNews #WealthManagement

[The Game Day @thesteelland]

How do you build an $11.6B crypto empire in 14 months? 🧵₿
1/ Bitmine Immersion Technologies ($BMNR) just revealed they own 5.81 million ETH—nearly 5% of the global supply.
2/ The "Weekly Sprint": Since June 2025, the company has bought Ethereum every single week without fail, compounding their way to a world-leading treasury.
3/ It’s a self-sustaining engine. Bitmine is staking over 5 million ETH, projecting annualized rewards of up to $294 million.
4/ Performance check: In July, ETH outperformed the Nasdaq 100 by 2,500 basis points. Bitmine is now the #1 ETH treasury globally.
5/ With institutional backers like ARK’s Cathie Wood and Pantera, Bitmine is proving that digital asset treasuries are the new Wall Street standard.
#Ethereum #Bitmine #ETH #CryptoTreasury #BMNR #Staking

[The Game Day @thesteelland]

Canada’s crypto adoption just hit a major milestone. 🧵🇨🇦
1/ One in four Canadians now own crypto. Ownership skyrocketed from 10% in 2023 to 25% in 2026 according to the OSC.
2/ The driver? It’s not who you think. Traditional wealth managers are "ripping up the old playbook" and pushing crypto as an institutionally approved strategy.
3/ 40% of financial advisors are now recommending crypto assets, typically as a calculated 10% hedge for retirement portfolios.
4/ This isn't a rebellion against traditional finance; it's the suits taking over the system they were supposed to replace.
5/ 52% of Canadians now see crypto as a key component of the future financial ecosystem. Mainstream is an understatement. 🏛️₿
#Crypto #Canada #OSC #Investing #WealthManagement #BTC

[The Game Day @thesteelland]

Canada just doubled down on crypto oversight. 🧵🇨🇦
1/ The 2026 Stablecoin Act is officially here. It doesn't replace old rules; it stacks on top of them to create the G7’s strictest regime.
2/ The Dual Watchdog: Issuers now answer to two supervisors at once. FINTRAC tracks the criminals (AML), while the Bank of Canada tracks the cash (reserves).
3/ Why two? Because knowing who moves the money doesn’t guarantee the money exists. The Bank of Canada now mandates a 1:1 reserve of high-quality liquid assets.
4/ Warning for 2026: FINTRAC penalties have jumped sharply, with "very serious" violations now topping $20 million CAD.
5/ Whether domestic or foreign, if you serve Canadians, you are in the perimeter. Compliance teams now need unified systems that read both angles simultaneously.
#Bitcoin #Stablecoin #Canada #CdnEcon #CryptoCompliance #Web3

[The Game Day @thesteelland]

Canada just quietly built a $100B tech empire. 🧵🇨🇦
1/ With 38 different billion-dollar "unicorn" startups, Canada is now outpacing heavyweights like Israel and South Korea in tech creation.
2/ This wasn't luck. Decades ago, Canada bankrolled the theoretical machine learning math the rest of the world was ignoring. That academic gamble is now paying off.
3/ Key players in 2026: 1Password (Cybersecurity), Cohere (AI), Waabi (Autonomous Trucking), and Wealthsimple (Fintech).
4/ The result? Canada ranks 6th globally for unicorns. Even with a population of only 42 million, the "Northern Foundation" is a global AI powerhouse.
5/ The challenge: As these firms mature, they often look south to Silicon Valley for later-stage financing.
#Canada #AI #TechNews #Unicorns #Startups #Cohere #1Password

[The Game Day @thesteelland]

How do you rob a vault that isn't connected to the internet? 🧵₿
1/ A massive heist has drained $140M CAD from Coldcard hardware wallets. Over 7,300 addresses were hit in a highly coordinated attack.
2/ The "Trojan Horse": A coding flaw in a 2021 software update weakened the internal program that generates secret keys.
3/ Because of this bug, hackers could mathematically predict the keys. They emptied accounts directly on the blockchain without needing physical access to the devices.
4/ In one 41-minute window, more than 1,000 addresses were drained.
5/ Coinkite CEO Rodolfo Novak says he is "heartbroken" as the company halts shipments and destroys vulnerable inventory.
#Bitcoin #CryptoHack #CyberSecurity #Coldcard #Blockchain

[The Game Day @thesteelland]

Canada’s Stablecoin Act (2026) is a massive win for B2B transparency. 🧵🇨🇦
1/ The "Security vs. Payment" debate is over. Ottawa has officially reframed fiat-backed stablecoins as payment instruments supervised by the Bank of Canada.
2/ The biggest change? Bankruptcy Remoteness. Your funds are held by an independent custodian in a separate vault—NOT on the issuer's corporate balance sheet.
3/ To keep it a "safe tool," the law prohibits issuers from paying interest. This ensures the tokens are backed 1:1 by high-quality assets at all times.
4/ Status check: The Act is enacted (S.C. 2026, c. 3, s. 600) but not yet in force. Current B2B users must still comply with FINTRAC AML rules and CSA interim guidance.
5/ Paying overseas? You can legally use USDC today if you route through a licensed MSB rail. 🛡️💳 #Stablecoin #Canada #CdnEcon #Fintech #USDC

[The Game Day @thesteelland]

The "Cold" storage myth? 🧵₿
1/ Between July 30 and August 3, 2026, hackers drained ~$89M from Coldcard hardware wallets. The shocker: they never touched the devices.
2/ The culprit was a 2021 firmware bug. Instead of using a secure hardware chip for randomness, the device used predictable software inputs like serial numbers.
3/ Attackers mathematically reconstructed seed phrases offline and quietly drained 4,585 addresses.
4/ Important: Bitcoin itself was NOT hacked. This was a manufacturer-specific firmware failure.
5/ Action items: Update your firmware immediately. Researchers note that using a BIP-39 passphrase would have likely prevented this.
#Bitcoin #Coldcard #CryptoSecurity #BTC #CyberAttack

[The Game Day @thesteelland]

Canada's financial data infrastructure is getting a massive 2026 upgrade. 🧵🇨🇦
1/ The era of "screen scraping" is ending. New Consumer-Driven Banking rules mandate a single, secure digital pipeline for your data.
2/ The biggest win? No more password sharing. You will no longer have to give your bank login to budgeting or lending apps. The bank handles identity verification directly.
3/ Oversight has shifted. The Bank of Canada is now the official supervisor, chosen for its regulatory heft and independence.
4/ Heavy penalties: Entities that break security or uptime rules face fines of up to $10M.
5/ Public comments are open until August 26, 2026. This is the first time the framework has moved from "intent" to "operational rules".
#OpenBanking #Fintech #CdnEcon #BankOfCanada #DataPrivacy

[The Game Day @thesteelland]

Think your Canadian broker is protecting you on every trade? Think again. 🧵🇨🇦
1/ Foreign-listed ETFs (like those on the NYSE) carry "hidden risks" because they look identical to local funds but bypass Canadian regulatory filters.
2/ When you buy local, regulators strip out banned high-risk strategies and attach plain-language disclosures. Foreign ETFs move into your account with zero local vetting.
3/ There’s a mechanical drag on your money: unhedged currency conversion costs. These are "hidden fees" that a local currency-hedged ETF would prevent.
4/ As of 2026, 1 in 4 ETF dollars held by Canadians are in these foreign funds. That’s why CSA and CIRO just issued Staff Notice 81-339 to warn investors.
5/ Bottom line: A foreign ticker on your app often means zero local regulatory protection. Check your domicile! 🛡️📉 #Canada #Investing #Stocks #ETF #PersonalFinance

[The Game Day @thesteelland]

🇨🇦 Canada Crypto Tax Update 2026 🧵
1/ Think you only owe tax when you withdraw to a bank? Not in Canada. The CRA considers swaps, gifts, and spending crypto as taxable events.
2/ THE CALCULATION: Canada uses Pooled ACB. You don't track the "first" coin you bought; you average the cost of all identical tokens in your "pool".
3/ UPDATE: The proposed 2/3 capital gains inclusion rate increase was CANCELLED. The inclusion rate remains at 50% for 2026.
4/ CRA is watching: They can use legal orders to compel exchanges to hand over user data. Keep your records for at least 6 years.
5/ Reporting: If your crypto cost more than $100k CAD total, don't forget Form T1135.
#CryptoTax #Canada #CRA #BTC #TaxSeason2026

[The Game Day @thesteelland]

Bitcoin’s identity as "digital gold" just shattered. 🧵₿

On July 28, 2026, BTC dropped 2.7% to ~$63,200, moving in perfect lockstep with tech stocks. When the Federal Reserve talks interest rates, Bitcoin listens—and right now, investors are fleeing to the USD.

Key pressures:
❌ Fed rate decision anxiety
❌ CLARITY Act vote delayed by the Senate
❌ Massive selloff in Asian equities

The "rebel asset" is currently trading like a high-risk tech stock. 📉 #Bitcoin #Crypto #Fed #Stocks #CLARITYAct

[The Game Day @thesteelland]

Think two giant mining pools control Bitcoin? Think again. 🛡️
Even with 50% of the processing power, miners can’t cheat the system. Why? Because 25,000+ independent home nodes act as the ultimate "incorruptible checkpoint".
If a miner tries a double-spend, the nodes instantly reject the block. The math always wins. 🧮₿
#Bitcoin #Nodes #Blockchain #Decentralization #BTC