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Crypto World

U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising

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U.S. SEC says software allowing crypto wallet transactions not considered broker

“To deliver on President Trump’s goal to ensure that the United States is the crypto capital of the world, we are embracing innovation to bring more products onshore, creating clear rules of the road for capital raising with crypto assets, and providing clarity as to how market participants can custody and facilitate trading of tokenized securities onchain,” Atkins said in a statement on Tuesday, mentioning his agency’s crypto agenda before any other specific rulemaking effort.

As the process to advance a crypto market structure bill has languished in Congress, the SEC has been a bright spot for the industry’s regulatory hopes, though the agency has sometimes moved more slowly to issue policies than expected. When Atkins addressed this coming regulation almost four months ago in mid-March, he said it would be proposed in the “coming weeks.”

The busy new SEC agenda has “Regulation Crypto” slated for July, though it’s still under review at the White House Office of Information and Regulatory Affairs. When proposed, it would mark the first major crypto-specific rulemaking pursued under Atkins’ leadership. Though the regulator has established a wide range of staff statements and guidance on crypto, those positions don’t carry the weight of a full rule, which can’t be changed as easily when future leaders arrive at the agency with different ideas.

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ETH’s Path Beyond $2K Depends on This One Condition: Analyst

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Ethereum’s slow and gradual rebound from the $1,500 lows reached recently continues, but the asset is now testing one of the most important resistance lines on its path to recovery.

Analysts are convinced that breaking through this level will open the door for a run to $2,000 and even beyond. For now, though, it remains a mirage.

Can ETH Break Through?

With ETH trading close to $1,800, analyst Ali Martinez noted that this is the key bullish trigger that needs to fall decisively. In a post on X, he explained that its significance stems from the fact that the 0.8 MVRV Pricing Band is positioned there as resistance.

He predicted that a daily close above it, followed by a successful hold as support, would “strengthen the bullish case and could open the door for a move toward Ethereum’s Realized Price at $2,245.” Recall that the altcoin hasn’t traded above $2,000 in a month, and the last time it stood at its Realized Price was in mid-May.

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Martinez doubled down on the importance of the $1,800 level, suggesting that the TD Sequential resistance trendline also sits there.

“A break above both $1,796 and $1,816 could trigger a bullish breakout. From a technical perspective, such a move would also increase the probability that ETH breaks through the top of the channel at $1,844 and begins marching toward the $2,245 Realized Price.”

Fellow analyst Ted Pillows shared a similar opinion, noting that ETH recently challenged the $1,820-$1,850 resistance, only to be rejected. The good news is that it continues to trade above $1,750, and Pillows predicted a surge to $2,000 if the aforementioned resistance is reclaimed.

Insane Correlation

Michaël van de Poppe, on the other hand, outlined a rather unexpected correlation that would support the narrative for a bigger Ethereum rally soon. He noted that the “business cycle is often phrased through the copper/gold chart,” which was evident during the 2017 and 2021 cycles. Only the 2024 cycle didn’t see such a positive correlation.

He believes the chart between the precious metals is a “great indicator of market momentum” that has just broken upwards massively, and it has “flipped a 4-year-long downtrend up to an upwards trend.”

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“Usually, ETH follows through, although with some lag, as there needs to be more confidence in the markets. A matter of time until the crypto markets are finally picking up momentum,” he concluded.

The post ETH’s Path Beyond $2K Depends on This One Condition: Analyst appeared first on CryptoPotato.

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Chip Stock Plunge: Nvidia (NVDA), Micron (MU), and AMD (AMD) Lead Semiconductor Sector Decline

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Takeaways

  • Semiconductor stocks experienced widespread declines as profit-taking swept through the AI chip sector
  • SpaceX shares slipped following its Nasdaq-100 addition in a textbook “sell the news” scenario
  • Nvidia continued its decline amid reports of DeepSeek developing proprietary AI processors in China
  • Micron remained under selling pressure even as AI memory market fundamentals stay robust
  • Samsung’s impressive quarterly earnings growth couldn’t reverse negative sentiment in chip equities

Understanding Tuesday’s Semiconductor Sector Weakness

Technology stocks experienced broad-based weakness on Tuesday as market participants secured profits following an extended rally in artificial intelligence-related equities.

Major players including Nvidia, Broadcom, AMD, Intel, and Micron all posted declines, dragging the Philadelphia Semiconductor Index significantly lower.

The selloff wasn’t triggered by any particular catalyst. Rather, market participants seemed to be booking gains after an impressive run that elevated many chip stocks to elevated valuation levels ahead of upcoming quarterly reports.

Data center and AI infrastructure spending by major cloud platforms remains at elevated levels, indicating that underlying demand for semiconductor products continues to show resilience.

Nvidia Faces Mounting China Competition Concerns from DeepSeek

Nvidia captured significant attention during Tuesday’s session following news reports that Chinese artificial intelligence firm DeepSeek is developing its own AI processing chip.

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This development sparked renewed worries about competitive pressures in China, which represents a strategically important market for Nvidia’s international operations.

While Nvidia maintains commanding market leadership in the global AI accelerator space, market participants remain vigilant regarding potential threats to this dominance, particularly as China accelerates efforts to develop indigenous chip manufacturing capabilities in response to American export controls.

Near-term business momentum remains supported by sustained purchasing from cloud service providers, enterprise customers, and governmental entities.

SpaceX Stock Retreats Following Index Addition

SpaceX garnered market attention as its shares declined after officially joining the Nasdaq-100 Index.

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The pullback caught some market watchers off guard, since index inclusions typically generate purchasing activity from exchange-traded funds and institutional investors. However, traders evidently decided to take profits after several weeks of anticipatory buying pushed shares higher.

SpaceX continues to attract significant investor interest due to its innovations in reusable rocket technology, the expanding Starlink satellite internet service, and lucrative government launch agreements. Industry observers generally view the company as a compelling long-term opportunity in the commercial aerospace industry.

Micron Technology Caught in Sector-Wide Decline

Micron shares also retreated on Tuesday as the semiconductor sector’s broad weakness persisted.

The memory chip manufacturer has emerged as a primary beneficiary of AI-fueled demand for high-bandwidth memory products. However, solid underlying business conditions couldn’t shield the stock from Tuesday’s selling wave.

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Micron produces cutting-edge memory components essential for AI server infrastructure, where demand has regularly exceeded analyst projections. Industry experts continue to forecast that memory chips will represent one of the semiconductor industry’s fastest-growing segments in coming years.

Market Shrugs Off Samsung’s Impressive Profit Growth

Samsung announced a substantial jump in quarterly operating profits, yet the positive results failed to energize the semiconductor sector.

Typically, robust financial performance from one of the planet’s largest memory chip producers would provide support for related stocks. Instead, market participants remained preoccupied with valuation concerns and intensifying competition in AI hardware markets.

The muted response illustrates how elevated expectations have become for semiconductor companies following a year of exceptional stock performance. Solid quarterly results alone are insufficient — investors now demand compelling forward-looking guidance as well.

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Nevertheless, Samsung’s financial results validate that worldwide demand for advanced memory products utilized in AI infrastructure remains healthy.

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Nigel Farage Resigns as MP Amid Crypto ‘Gift’ Scandal, Will Stand in By-Election

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Nigel Farage Resigns as MP Amid Crypto ‘Gift’ Scandal, Will Stand in By-Election

Nigel Farage, the leader of the UK’s Reform party, announced that he would resign as a member of Parliament and stand in the by-election that could replace him.

On Tuesday, Farage announced that he would resign as MP representing Clacton in response to what he called “foul means” by established politicians. The UK lawmaker’s resignation followed reports that he had personally received millions of dollars’ worth of donations and gifts from crypto billionaire Christopher Harborne and George Cottrell, a convicted fraudster linked to a crypto casino.

“Let me be absolutely clear: I have done nothing wrong,” said Farage in an X livestream. “I have not broken the law in any way at all. I have not misused public money.” 

Source: Nigel Farage

Farage already had ties to the crypto industry before reports of the scandal. He spoke at the Bitcoin 2025 conference in Las Vegas and is an investor in London-listed Bitcoin (BTC) treasury company Stack. When reports began circulating in May that the Reform leader had received a $6.7 million gift from Harborne, he initially called it a “reward” for campaigning for Brexit, the 2016 referendum that led to the UK’s exit from the European Union.

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Related: Crypto billionaires bankroll Nigel Farage’s pro-crypto party

The UK lawmaker confirmed that he was the subject of two probes by the UK’s parliamentary standards commissioner following reports of what he called “gifts” from Harborne and Cottrell, which he claimed were given “on an unconditional basis.”

He said that he would use Harborne’s gift for funding related to his security, describing threats and attacks, and that the by-election triggered by his resignation would give voters the opportunity to choose whether or not he will continue to represent them:

“I’ve decided that the people of Clacton should be the judges of my actions […] I will be putting my name forward to stand in this by-election.”

According to The London Standard, the election determining Farage’s fate as an MP could take weeks or months given the logistics of his stepping down and calling for a by-election. He won in Clacton with 46.2% of the vote in July 2024 against the Conservative and Labour candidates.

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Countdown to US elections with crypto money hanging over candidates

While Farage faces probes in the UK, money from crypto companies and figures tied to the industry could continue to influence US races in November’s midterm elections.

According to a June report from US consumer advocacy group Public Citizen, the crypto industry had spent about $189 million to support candidates considered favorable to digital asset policies as part of the 2026 election cycle. Meanwhile, US President Donald Trump faces criticism from many lawmakers over his 2025 financial disclosures, which included reporting $1.4 billion in earnings related to crypto.

Magazine: Nobody knows if quantum secure cryptography will even work

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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KuCoin partners with UAE team Emirates-XRG ahead of Tour de France

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KuCoin partners with UAE team Emirates-XRG ahead of Tour de France
  • KuCoin partners with UAE Team Emirates–XRG ahead of Tour de France.
  • KuCoin debuts Tour de France sponsorship with UAE Team Emirates–XRG.
  • KuCoin expands global sports push with UAE Team Emirates–XRG deal.

KuCoin announced that it has become the official cryptocurrency partner of UAE Team Emirates – XRG, marking a new sports sponsorship agreement that will debut publicly during the 2026 Tour de France.

The partnership gives KuCoin exclusive rights in the Cryptocurrency Exchanges, Blockchain Trading Platforms and Crypto Wallet Services categories.

The company’s branding will appear across the team’s buses, support vehicles and fleet cars throughout the three-week Tour de France.

The agreement expands KuCoin’s sports sponsorship portfolio as the cryptocurrency exchange seeks to strengthen its global brand presence through partnerships with internationally recognized sporting organizations.

KuCoin secures exclusive sponsorship rights

Under the agreement, KuCoin will serve as UAE Team Emirates – XRG’s sole partner across cryptocurrency exchanges, blockchain trading platforms and crypto wallet services.

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The partnership brings together two organizations that said they share a focus on innovation, precision and long-term performance.

The collaboration will make its public debut at the 2026 Tour de France, one of cycling’s most prominent events, where KuCoin branding will be prominently displayed on the team’s transportation fleet throughout the race.

Commenting on the partnership, BC Wong, Chief Executive Officer of KuCoin, said: “We are incredibly proud to partner with UAE Team Emirates – XRG and launch this collaboration on cycling’s grandest stage.”

He added that, “World-class achievements are never solitary; they require a dedicated team moving in unison toward a shared vision. These are the very values that have fueled KuCoin’s growth, and we look forward to empowering the team as they chase victory at the Tour de France.”

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Tour de France provides global platform

The partnership will be introduced during the 2026 Tour de France, a three-week race regarded as one of the most prestigious events in professional cycling.

KuCoin said the competition reflects values that align with its business, including discipline, teamwork, trust and strategic coordination.

According to the company, success in the Tour de France depends on collaboration among riders, coaches, mechanics and support staff, principles that it said also underpin its approach to building a global digital asset infrastructure.

The sponsorship gives KuCoin visibility throughout the event by placing its branding on team buses, support vehicles and fleet cars used during the race.

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Partnership expands KuCoin’s sports strategy

The agreement represents the latest addition to KuCoin’s global sports sponsorship initiatives as cryptocurrency companies continue using major sporting events to increase brand awareness.

UAE Team Emirates – XRG is one of the leading professional cycling teams and includes several high-profile riders, including multi-time Tour de France champion Tadej Pogačar.

KuCoin said the collaboration marks a significant expansion of its international sports sponsorship portfolio and is intended to reinforce the company’s global brand presence.

The company also said additional collaborative initiatives involving UAE Team Emirates – XRG and Tadej Pogačar will be announced later in the season, although no further details were disclosed.

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The announcement comes as cryptocurrency firms continue pursuing partnerships in global sports as part of broader efforts to expand their visibility among mainstream audiences through internationally followed competitions and teams.

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Tether Invests in Mercado Bitcoin to Grow Tokenized Finance

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Tether Invests in Mercado Bitcoin to Grow Tokenized Finance

Tether has invested $20 million in Brazilian crypto platform Mercado Bitcoin to support the company’s expansion into tokenized assets, stablecoin payments, lending and other blockchain-based financial services across Latin America.

Since its 2013 launch, Mercado Bitcoin has expanded beyond crypto trading into regulated financial services, including tokenized assets, credit, stablecoin payments and cross-border services.

The company said it has more than 4.5 million users, has issued more than 2 billion Brazilian reais (about $370 million) worth of tokenized assets, and operates under nearly a dozen licenses across Brazil and Europe, including a payment institution license from Brazil’s central bank.

Tether CEO Paolo Ardoino said Mercado Bitcoin has built one of Latin America’s most comprehensive regulated onchain financial platforms, citing its licensing, tokenization infrastructure and integrated financial services.

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In February, Mercado Bitcoin announced it had deployed more than $20 million in tokenized private credit, one segment of its broader tokenization business, on Bitcoin (BTC) sidechain Rootstock.

Related: Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports

Tether using profits for strategic investments

The Mercado Bitcoin investment aligns with Tether Investments’ strategy of backing companies developing blockchain-based financial infrastructure.

Tether issues USDT (USDT), the world’s largest stablecoin, with about $184 billion in circulation. In the first quarter of 2026, the company reported approximately $1.04 billion in net profit, which it is tapping for strategic investments.

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In April, the firm participated in a $134 million funding round for Stablecoin Development Corporation, a NYSE American-traded company focused on expanding access to the stablecoin economy and digital asset infrastructure.

A month later, Tether invested in remittance platform LemFi to support the integration of USDT as a settlement layer for cross-border payments across Africa and Asia. The companies said the partnership would expand stablecoin-based payment infrastructure across key remittance corridors.

Later in May, Tether announced plans with the Government of Georgia to launch a stablecoin pegged to the Georgian lari under the country’s digital asset framework.

Beyond stablecoin-related initiatives, Tether has also invested in sectors including artificial intelligence, energy, biotechnology and digital media through its investment arm.

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Despite speculation about a potential listing, CEO Paolo Ardoino has said the company has no plans to go public.

Source: DefiLlama

Magazine: AI is banking the unbanked in Africa… faster than crypto

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Analyst Predicts 2-3 Years of Crypto Gains as Risk-On Environment Emerges

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Crypto analyst Matthew Hyland says the macro backdrop that punished digital currencies for four straight years is finally turning, pointing to patterns that came before crypto’s two biggest bull runs.

In a pair of posts on X, he argued that the market is entering a two- to three-year stretch of what he calls “max opportunity,” with risk appetite moving back toward crypto for the first time since 2016 and 2020.

A Repeating Four-Year Pattern

Hyland’s case rests on comparing three stretches he labels macro risk bear markets: 2014 to 2016, 2018 to 2020, and 2022 through 2026. In each of them, he says, crypto performed poorly while the wider risk backdrop stayed hostile, only for conditions to flip and set off the sector’s strongest runs. He’s now betting the current cycle is following the same script.

“Macro-Risk is now exiting the Bear Market for the first time since Mid-2016 & Mid-2020,” he wrote, adding that this kind of setup produced “max opportunity for the long term” both previous times it showed up.

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He also pointed to two chart signals he sees as confirmation. Bitcoin dominance just posted a death cross for the first time since 2016 and 2020, which he treats as an early marker of the shift. He also expects altcoin dominance to follow with a golden cross this fall, something that he says would repeat what happened in those earlier cycles.

According to the market watcher, his own macro risk ratios turned at the same points in 2016 and 2020, and are turning again now, which is why he’s calling the next two to three years “the most optimal time” for crypto. However, his forecast should be taken as a market thesis and not a certainty, especially since crypto cycles have also historically been influenced by liquidity, investor sentiment, and broader economic conditions.

Wider Markets Still Sending Mixed Signals

Hyland’s call landed with Bitcoin (BTC) trading near $63,000 after earlier hitting a two-week high above $64,000, even after Strategy sold 3,588 BTC on Monday to fund dividends.

Analytics firm Swissblock described the price action as showing “signs of stabilization,” although it cautioned that a genuine recovery still needs buyers to keep showing up.

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Elsewhere, analyst Credible Crypto has argued that altcoins trading 80% to 90% below their highs could outperform BTC if sentiment turns, pointing to long-term holders now controlling close to 80% of the flagship cryptocurrency’s supply. On Ethereum, trader Michaël van de Poppe said over the weekend that “the worst period for ETH is over” and cited a possible higher low against Bitcoin after three straight quarterly losses of more than 20% each.

Another market observer, Merlijn The Trader, separately flagged ETH’s dip to 0.026 against BTC, a level that foreshadowed a 230% run against Bitcoin last time it showed up. While none of these calls directly tie to Hyland’s thesis, the timing, with all landing within the same week, is hard to ignore.

The post Analyst Predicts 2-3 Years of Crypto Gains as Risk-On Environment Emerges appeared first on CryptoPotato.

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How to Anger 166,000 Fans and Please Wall Street in One Post: Ask Sony

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Sony Stock Price Chart

Sony shares have gained about 8.6% since July 1, even as the PlayStation disc backlash stretches into a sixth day without any response from the company.

The “Don’t Kill the Disc” movement now spans a six-figure petition, protest posts that rival GTA 6 trailer views, and eight Community Notes accusing Sony of misleading sales data.

Investors Reward the All-Digital Pivot

Sony confirmed on July 1 that it will stop making physical discs for new PlayStation games from January 2028. Investors welcomed the plan almost immediately. Sony’s Tokyo-listed shares have risen around 8.6% since the announcement. The US-listed stock added almost 6% across the same five sessions on the NYSE.

Sony Stock Price Chart
Sony Stock Price Chart. Source: TradingView

The market logic looks simple. Every digital sale runs through the PlayStation Store, where Sony sets prices and keeps higher margins. Sony says digital formats already made up close to 80% of its full-game sales last year.

In contrast, Take-Two stock fell in June after GTA 6 pre-orders arrived with a disc-free box. Meanwhile, Microsoft announced plans to cut 3,200 Xbox roles, a sign of cost pressure across the console business.

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PlayStation Disc Backlash Tops 166,000 Signatures

Consumers read the same plan very differently. A Change.org petition urging Sony to keep disc-based games alive counts more than 166,000 verified signatures. The campaign launched on July 1, within hours of Sony’s announcement.

Retailers and distributors back it as well, since an all-digital future threatens trade-in and second-hand businesses. Signers also recall Sony’s E3 2013 marketing, which promoted disc sharing and permanent ownership.

Protest slogans such as “Stop the Digital Monopoly” keep spreading across X. Sony’s July 1 post alone has passed 162 million views, drawing even more views than the official post for the first GTA 6 trailer.

Timing feeds the anger. GTA 6 launches on November 19 without a disc, and the earlier GTA 6 pricing debate had already left players questioning value and ownership.

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Eight Community Notes Challenge Sony’s Sales Data

PlayStation’s announcement post now carries eight Community Notes, and X users currently rate all of them as helpful. Several notes argue that Sony’s 78/22 digital-to-physical split overstates the shift away from discs. According to the notes, that figure counts DLC, live-service titles, and digital-only releases.

One note cites leaked Insomniac data suggesting far higher physical shares for Sony’s single-player titles.

Other notes cite EU competition law and warn that digital purchases remain revocable licenses rather than owned goods. Sony strengthened that fear in June when it announced plans to delete purchased StudioCanal movies from PlayStation accounts in September.

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So far, Sony has answered the protest with silence while the pressure compounds daily. The coming weeks may reveal whether the company defends its data before GTA 6 arrives disc-free in November.

The post How to Anger 166,000 Fans and Please Wall Street in One Post: Ask Sony appeared first on BeInCrypto.

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Binance Alpha Token TAC Wipes Out 90% in Sudden Collapse

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TAC Price Performance

Binance Alpha-listed TAC suffered one of the sharpest crypto flash crashes of the year after its token plunged more than 90% in roughly 15 minutes on July 7.

While no security breach or protocol failure has been confirmed, the crash has renewed concerns about liquidity risks and token concentration among newly listed crypto assets.

TAC Price Performance
TAC Price Performance. Source: Binance

TAC Suffers Violent Flash Crash

TAC dropped from around $0.06 to nearly $0.004 within minutes, with trading volume surging as panic selling accelerated. The token later stabilized near its lows, remaining down more than 90% from prices seen earlier in the day.

The move came just one week after TAC reached an all-time high of approximately $0.067, highlighting the extreme volatility that can accompany newly listed digital assets.

Strong Backers, But No Official Explanation

TAC is developing an Ethereum Virtual Machine (EVM)-compatible blockchain designed to bring Ethereum applications into the TON and Telegram ecosystem.

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The project has raised roughly $11.5 million from prominent crypto investors, including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group.

Despite the dramatic price collapse, neither the TAC team nor Binance had announced a confirmed cause at publication. There is also no evidence that today’s move resulted from a hack or network exploit.

Liquidity and Token Concentration Under Scrutiny

Market observers have pointed to several possible factors behind the collapse, including thin order-book liquidity, large holder selling, and cascading liquidations.

Unverified on-chain discussions have also questioned whether a small number of wallet clusters control a significant share of circulating supply. However, these claims remain unconfirmed and should not be treated as established fact.

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The selloff follows TAC’s May 2026 cross-chain bridge exploit, which resulted in approximately $2.8 million in losses before affected users were later compensated. Although unrelated to today’s price action, the earlier incident may have contributed to fragile market sentiment.

What’s Next for TAC?

Investors are now watching for an official statement from the TAC team, exchange updates, and on-chain data that could explain the sudden collapse. Until more information emerges, TAC is likely to remain highly volatile, with liquidity conditions and large-wallet activity becoming key indicators for traders assessing the token’s recovery prospects.

The post Binance Alpha Token TAC Wipes Out 90% in Sudden Collapse appeared first on BeInCrypto.

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SpaceX IPO powers record $3.86 billion in tokenized equities trading in June

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Tokenized equities onchain volume (CoinDesk Data)

Tokenized equities posted record trading activity in June as investors piled into blockchain-based versions of SpaceX (SPCX) stock following the aerospace company’s blockbuster initial public offering.

On-chain trading volume climbed 145% from May to $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. Tokenized SpaceX shares accounted for $1.19 billion of the total, or about 31% of all tokenized equity trading during the month.

Tokenized equities onchain volume (CoinDesk Data)

The surge followed SpaceX’s $75 billion IPO, the largest on record, which valued the company at roughly $1.8 trillion on a fully diluted basis.

Backpack Securities’ SPCX token was the most popular tokenized version of the stock, with $1.08 billion in onchain trading volume, followed by xStocks’ SPCXx, which reached $852 million.

The figures point to a change in what is driving demand for tokenized equities. Established names like Nvidia, Tesla, SPY and QQQ remained actively traded, but none matched the interest in SpaceX. For context, Backpack’s tokenized instruments traded $1.42 billion for the month, the lion’s share of which was in SPCX tokens.

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The sector reached a record $1.53 billion in market capitalization during June, up 6.64% from the previous month and marking its fifteenth straight month of growth, the report adds.

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Tether's Former CIO Heathcote Plans to Sell Equity Stake

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Tether's Former CIO Heathcote Plans to Sell Equity Stake


Richard Heathcote, who until earlier this year served as Tether Holdings SA's chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing people familiar with the matter. Heathcote is working with investment bank PJT Partners to sell part… Read the full story at The Defiant

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