Bitcoin Goes Mainstream: Fast-Food Chains Flip, TradFi Giants Fold, and Crypto Eats Wall Street’s Lunch

Steak N Shake just served Wall Street a side of humble pie—the 84-year-old chain now accepts Bitcoin payments, joining a growing list of businesses treating fiat like yesterday’s leftovers.

Meanwhile, Top Win’s rebrand as a crypto-native platform signals institutional FOMO is real, and Galaxy’s Nasdaq debut proves even the old guard wants a slice of the digital gold rush (though let’s see how long before they start blaming ’volatility’ for their poor risk management).

The takeaway? Bitcoin isn’t coming for the financial system—it’s already carving it up at the drive-thru.

Galaxy’s Nasdaq Debut

Galaxy, the Toronto-based crypto-focused financial services firm led by Mike Novogratz, has commenced trading on Nasdaq Global Select Market.

Novogratz, who described the listing as a "pivotal moment" for Galaxy in a letter shared via email, rang the opening bell on the Nasdaq floor on Friday.

Galaxy announced its plans at the end of last month, in which it also said GLXY WOULD remain listed on the Toronto Stock Exchange (TSX) "for a period of time following [its] intended listing on Nasdaq."

GLXY shares traded at around $22.61 in early trading, 3.2% higher on the day. The Toronto-traded shares rose 2.98% to C$31.48 ($22.53).