Coinbase plans to launch tokenized stock trading in August for customers outside the US, according to an announcement on Tuesday. Tokenized stocks will be backed 1:1 by the underlying asset and will represent “true equity ownership,” it stated. This includes dividend payouts and complete shareholder rights, alongside the “programmatic utility of the onchain economy.” Pre-IPO Perps […]
Global stocks have been making new highs recently, but Bitcoin (BTC), the biggest cryptocurrency based on market capitalization, is trading at almost 42% below its lifetime highs. This split has left crypto investors searching for answers, especially since the market has lumped the two asset classes together under the “risk-on” label. Diverging Drivers Between Equities […]
The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff. However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, reported Bloomberg, citing people […]
The SEC is set to release a so-called “innovation exemption” for tokenized stocks, which will pave the way for trading digital versions of securities, reported Bloomberg on Tuesday. The agency’s framework for tokenized stock trading under the Trump administration’s direction is expected to be finalized this week, the anonymous sources told the outlet. These tokenized assets […]
A U.S. district court has allowed a class action lawsuit against Nvidia and CEO Jensen Huang to proceed following investor claims that over $1 billion of the company’s crypto revenue was actually hidden in its gaming offering. The tech giant also failed to prove that its statements on crypto mining revenue did not affect the […]
The benchmark market index in South Korea, KOSPI, saw a massive decline during the last trading session, dropping by more than 12%. Undoubtedly, this last drop represents a significant escalation from earlier market movements and highlights the increasing volatility in local equity markets amid the war in Iran. Worst Stock Market Crash Since 2008 As […]
Ethzilla stock (ETHZ) tanked 15% on Tuesday following the company’s decision to sell $74.5 million worth of Ethereum to repay debts. Shares slid from just over $6 to an intraday low of $5.12. They were hovering around $5.35 during after-hours trading, according to Google Finance. Ethzilla has lost 21% in share value since the opening of […]
The SEC and FINRA have launched an investigation into suspicious trading activity before publicly traded companies announced plans to acquire crypto. Regulators believe some investors may have profited from having prior, non-public knowledge of these crypto-treasury announcements, potentially violating fair disclosure rules. Possible Breach of Fair Disclosure Rules The investigation focuses on publicly traded digital […]
The publicly traded company on the NASDAQ, also featured on the S&P 500, has unveiled a novel product offering exposure to already established stocks and ETFs. Featuring the Magnificent 7, BlackRock funds, and its own stock, this is an addition to the platform’s already rich derivatives portfolio. TradFi And DeFi Convergence Coinbase, one of the […]
Crypto equities, which had strongly outperformed Bitcoin over the past 18 months, are now showing signs of fatigue. Amidst a broader market pullback, investors appear to be fleeing riskier corners of the market. No IPO, No Catalyst After a stellar 18-month run, crypto equities are beginning to lose momentum relative to Bitcoin, according to the […]
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