Crypto World
UNI price pops as BlackRock taps Uniswap to tap liquidity
The Uniswap price spiked after securing a major deal with Securitize, BlackRock’s partner.
Summary
- UNI price jumped after a major partnership between Uniswap and Securitize.
- The partnership will see BlackRock’s BUIDL added to UniswapX.
- Technical analysis points to a UNI price reversal.
Uniswap (UNI) token jumped to a high of $4.57, its highest point since January 29, and 62% above its lowest level this year. It then pulled back to $3.7 at press time. It remains 68% below its 2025 peak.
UNI price jumped after a major deal between Uniswap and Securitize, a company that offers real-world asset tokenization. The partnership will see the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available on UniswapX.
As a result, on-chain trading for BUIDL will now be possible, unlocking liquidity options for BUIDL holders. It aims to bridge traditional finance and decentralized finance. In a statement, Hayden Adams, Uniswap Labs founder and CEO said:
“Enabling BUIDL on UniswapX with BlackRock and Securitize supercharges our mission by creating efficient markets, better liquidity, and faster settlement. I’m excited to see what we build together.”
The partnership came at a time when Uniswap is facing major headwinds, including the soaring competition from other DEX networks like PancakeSwap and Raydiu. Most of the competition is coming from perpetual DEX networks like Hyperliquid, edgeX, Lighter, and Aster.
For example, data compiled by DeFi Llama shows that Uniswap handled over $60 billion in volume in January, much lower than the October high of $123 billion. Its fees dropped to $58 million from the October high of $132 million.
On the other hand, Hyperliquid’s volume in January stood at over $208 billion, while its fees was $78 million. Aster and Lighter are handling more volume than Uniswap as demand for decentralized perpetual futures rise.
UNI price prediction: Technical analysis
The daily timeframe chart shows that the UNI crypto price has been in a strong downward trend in the past few months. It dropped from a high of $12.30 in August to a low of $2.80 this month.
The coin rebounded and retested the important resistance level at $4.55 after the BlackRock announcement. This price was important as it coincides with the neckline of the head-and-shoulders chart pattern that formed between April and January this year.
Therefore, there are signs that the coin has formed a break-and-retest pattern, a common continuation sign in technical analysis. This pattern often leads to a continuation, meaning the downward trend will resume as the crypto market crash continues.
Key Highlights
- The Trump White House is preparing export regulations that would mandate federal approval for AI chip sales to countries across the globe, extending current limitations worldwide.
- Orders exceeding 1,000 Nvidia GB300 GPUs would undergo government review; installations beyond 200,000 units would need host nation approval.
- Nvidia has discontinued H200 chip manufacturing for the Chinese market at TSMC, redirecting production resources to its forthcoming Vera Rubin chips.
- CFO Colette Kress revealed that Nvidia has recorded no revenue from China sales even with US authorization for certain H200 shipments.
- Jensen Huang indicated Nvidia’s $30 billion OpenAI investment could be its final one, anticipating the AI company’s public offering.
Nvidia $NVDA declined approximately 1.7% on Thursday following back-to-back news developments — both presenting challenges for the semiconductor giant.
A Bloomberg report revealed the Trump administration is working on new export regulations requiring federal government authorization for AI chip transactions with nearly all nations globally. The news pushed NVDA alongside $AMD, which fell roughly 2%, into negative territory during afternoon sessions.
The planned regulations would transform existing controls — presently applicable to approximately 40 nations — into a comprehensive worldwide licensing system. According to the proposal, any order containing up to 1,000 of Nvidia’s GB300 GPUs would enter a review pipeline, with certain exemption possibilities available.
Bulk purchases face heightened examination. Installations surpassing 200,000 GB300 units controlled by a single entity within one nation would mandate involvement from that country’s government in the authorization process.
Washington would only authorize such massive exports to partner nations that provide security guarantees and commit to investing in US-based AI infrastructure — although the proposal doesn’t define exact investment thresholds.
These regulations don’t constitute an outright prohibition, but they would grant the US Commerce Department extensive authority over AI chip distribution that powers platforms like ChatGPT and Gemini.
Chinese Market Revenue Remains at Zero
In a separate Financial Times report, Nvidia has discreetly halted H200 chip manufacturing for China at Taiwan Semiconductor Manufacturing Co., redirecting that production capability toward its next-generation Vera Rubin chip family.
The two product lines employ distinct technologies and manufacturing processes — H200 utilizes CoWoS-S packaging alongside earlier high-bandwidth memory, whereas Vera Rubin leverages CoWoS-L with the advanced HBM4 specification — meaning the production reallocation doesn’t directly impact availability of either product line.
Nvidia’s Chinese operations have remained in uncertainty for several months. The Trump administration granted H200 export approval to China last December, stipulating the US government receive a 25% revenue share. Previously, Nvidia had been distributing the less powerful H20 chip throughout China — until the administration prohibited those sales last April.
Despite securing federal approval, transactions haven’t materialized. During last week’s quarterly earnings discussion, CFO Colette Kress disclosed that Nvidia has “yet to generate any revenue” from the Chinese market and remains uncertain whether Beijing will permit any chip imports.
Domestic Chinese Competitors Advancing
Kress highlighted an additional challenge: multiple recent public offerings from Chinese semiconductor firms that she noted “have the potential to disrupt the structure of the global AI industry over the long term.” Nvidia maintains it will continue dialogue with both Washington and Beijing.
Regarding OpenAI developments, CEO Jensen Huang stated this week that Nvidia’s $30 billion stake in OpenAI’s $110 billion funding round completed in late February “might be the last time” the chipmaker backs the AI firm, as he anticipates OpenAI will pursue a public listing in the near future. Huang further noted that a previously considered $100 billion investment arrangement with OpenAI is “not in the cards.”
SoFi Technologies has selected digital asset custodian BitGo to support the rollout of its bank-issued stablecoin, the latest sign of growing momentum around federally regulated stablecoins for payments and settlements.
Under the partnership, BitGo will provide stablecoin infrastructure services for SoFiUSD, a US dollar-pegged token issued by SoFi Bank, a nationally chartered and insured depository institution, the companies disclosed Thursday.
The arrangement will run through BitGo’s “stablecoin-as-a-service” platform, which will support the issuance of SoFiUSD and help connect the token with payment providers, market participants and cryptocurrency exchanges.
SoFi said SoFiUSD is the first stablecoin issued by a US nationally chartered and insured deposit bank on a public, permissionless blockchain.
SoFi Technologies is a publicly traded Nasdaq-listed digital finance company that offers lending, banking and investment products to nearly 14 million members. The company entered the digital asset market in 2019 by adding cryptocurrency trading through its SoFi Invest platform and later secured a national bank charter after acquiring Golden Pacific Bancorp in 2022, establishing SoFi Bank.
Related: Crypto’s 2026 investment playbook: Bitcoin, stablecoin infrastructure, tokenized assets
US companies race to build stablecoin infrastructure
SoFi’s push into the stablecoin market comes amid a broader shift toward regulated digital dollar infrastructure in the United States, following the passage of the GENIUS Act, which establishes a federal regulatory framework for payment stablecoins and their issuers.
Against this backdrop, financial technology companies are expanding the infrastructure needed to support stablecoin payments and settlement.
As reported by Cointelegraph, payment operations platform Modern Treasury recently launched an integrated payment service that supports stablecoin rails alongside traditional banking infrastructure. The system enables businesses to settle transactions using stablecoins in addition to conventional payment methods such as ACH transfers and wire payments.
The platform currently supports several dollar-pegged tokens, including USDC (USDC), Global Dollar (USDG) and Pax Dollar (USDP).
Separately, digital asset infrastructure company Stablecore recently joined the Jack Henry Fintech Integration Network, which connects nearly 1,700 financial institutions. The integration enables banks and credit unions on the network to offer stablecoin and tokenized-asset services through their existing banking platforms.
Related: Wall Street’s crypto debate is over as banks go all-in on BTC, stablecoins, tokenized cash
Crypto World
Son of contractor managing seized crypto for U.S. Marshals arrested in France over alleged $46m theft
French authorities arrested John “Lick” Daghita, who allegedly stole tens of millions in crypto from the U.S. government.
In an X post on Thursday, FBI Director Kash Patel confirmed Daghita had been arrested on Wednesday on the island of Saint Martin in a joint FBI and French Gendarmerie operation.
In his social media post, Patel included images of Daghita handcuffed and another one of a metal suitcase filled with packs of $100 bills and several USB and what appear to be hardware crypto wallets.
“[The] FBI will continue working 24/7 with our international partners to track down, apprehend, and bring to justice those who attempt to defraud American taxpayers, no matter where they try to hide,” Patel said.
The arrest caps off a monthslong investigation by the U.S. Marshals Service into whether Daghita, the son of a government contractor tasked with managing seized crypto funds, stole over $46 million from government seizure wallets.
Brady McCarron, chief of public affairs for the USMS, told CoinDesk in late January that an investigation into allegations that Daghita had stolen cryptocurrency were underway.
The law enforcement investigation began after blockchain sleuth ZachXBT publicly alleged that Daghita, the son of CMDSS president Dean Daghita, had siphoned tens of millions of dollars in digital assets from wallets associated with U.S. government seizures.
CMDSS is a Virginia-based contractor that advertises information technology and operational support services for U.S. government agencies, including the Department of Justice and Department of Defense. The company has previously been reported to hold contracts assisting the USMS with managing and disposing of cryptocurrency seized during criminal investigations.
The investigator said he alerted authorities after identifying a wallet holding roughly 12,540 ETH, worth more than $36 million at the time, that he alleged was controlled by Daghita.
Daghita first drew attention in online circles after appearing in a recorded dispute in a Telegram group chat with another alleged threat actor in what is known as a “band for band” exchange, where participants attempt to prove control of large crypto holdings.
With Daghita now in custody, U.S. authorities are expected to pursue extradition as the investigation continues.
Howard Marks, co-chairman, Oaktree Capital.
Courtesy David A. Grogan | CNBC
Veteran investor Howard Marks said he doesn’t see a widespread problem brewing in private credit, but warned that the sector’s rapid expansion over the past 15 years could expose weaker lenders when markets eventually turn.
“There’s not a systemic problem with private credit,” Marks, co-chairman and co-founder of Oaktree Capital, said Thursday on CNBC’s “Money Movers.”
The noted investor said that the risk stems from the pace of expansion in direct lending, which has ballooned to a market now exceeding $1 trillion from its early development around 2011.
His comments come as sentiment toward direct lenders has soured following the collapse of auto-related borrowers Tricolor and First Brands. Much of the concern has centered on loans made to software companies as investors worry that artificial intelligence could disrupt those businesses.
“There’s a saying in the banking business that the worst of loans are made in the best of times. We’ve seen 17 years of good times. When the stuff hits the fan, or as Warren Buffett would say, when the tide goes out, we will find out whose credit analysis was discerning, who made fewer software loans to the better company,” Marks said.
The pressure has already begun to show up in fund flows. Investors pulled nearly 8% from Blackstone Inc.’s flagship private credit fund in the most recent quarter, highlighting growing caution among allocators.
Marks said it’s impossible to predict when exactly the cycle will turn.
“The things that affect the investment world so profoundly are the things that were not foreseen,” Marks said. “If they could be foreseen … anticipated and adjusted to and factored into prices, they wouldn’t have that cataclysmic effect.”
Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800.
Key takeaways:
-
Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand.
-
ETH price support around $2,100 remains key for the bulls to hold.
Ether sellers are “losing control”
Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.
Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives markets, has flipped positive after being in negative territory for nearly two months.
This negative regime coincided with the bear market drawdown, indicating sustained aggressive selling across derivatives markets.
“The latest prints show flows starting to turn positive, suggesting that seller dominance may be fading,” CryptoQuant analyst MorenoDV_ said in a recent Quicktake post, adding:
“Historically, shifts from prolonged negative taker pressure toward positive territory often precede short covering rallies and liquidity-driven rebounds, particularly after periods of forced selling.”
The return in ETH demand is also reflected by Ether’s Coinbase Premium Index, which has risen to levels last seen in December 2025.
After being negative for several months, the index has flipped positive, pointing to a return in demand from US investors, which could propel the ETH price higher.
“This indicates that US buying pressure remains positive,” CryptoQuant analyst CW8900 said, adding:
“If the Coinbase premium rises further, the rally will accelerate.”
Meanwhile, demand for spot Ether ETFs continues to recover, with these investment products recording $169.4 million in inflows on Wednesday. This shows the return of demand from institutional investors.
ETH traders anticipate a price rebound
Ether’s latest breakout must, however, not pull back below the $1,750 mark, according to analysts.
Trader and analyst Crypto Patel said that the $1,750 support must hold for “bulls to stay in control,” with the upside target set at “$2,500-$2,600.
“Lose $1,750 and bears take over again.”
Commenting on Ether’s Thursday push above $2,000, analyst Bren said a “larger bounce above $2,200 is likely.”
Meanwhile, Man of Bitcoin said that a successful retest of $2,100 support after the current retracement could open the path to $3,400 or higher.
As Cointelegraph reported, a daily candlestick close above $2,100 will revive the hopes of a recovery toward the 50-day simple moving average (SMA) at $2,381. A break above this level will mean that the corrective phase may be over.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion.
According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, including equipment purchases, real estate acquisition and securing additional power agreements.
The company operates large-scale data centers in several US states, including Texas, Georgia and North Carolina, hosting both Bitcoin (BTC) mining equipment and other high-density computing workloads.
The 364-day facility carries interest at the Secured Overnight Financing Rate (SOFR) plus 2.5% and includes an accordion feature that allows total commitments to increase by another $500 million.
Core Scientific currently derives most of its revenue from Bitcoin mining but is converting “most” of its data center footprint to support AI-related and other high-density computing workloads.
The announcement comes days after the company’s shares fell following a fourth-quarter earnings miss, as crypto mining income dropped to $42.2 million, nearly 50% lower than the same quarter a year earlier.
Related: Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing
Core Scientific’s road to AI and HPC
Core Scientific filed for Chapter 11 bankruptcy protection in December 2022 after falling Bitcoin prices, rising energy costs and losses tied to crypto lender Celsius strained its finances. In January 2024, it emerged from bankruptcy and relisted its shares on Nasdaq after completing a court-approved restructuring.
Following the restructuring, Core Scientific began repurposing parts of its data center infrastructure to support artificial intelligence and high-performance computing (HPC) workloads alongside its Bitcoin mining operations.
That shift accelerated in June 2024, when the company signed a 12-year agreement with AI cloud provider CoreWeave to supply data center capacity for HPC.
A year later, CoreWeave sought to deepen the relationship through a proposed acquisition, agreeing in July 2025 to buy Core Scientific in an all-stock transaction valued at about $9 billion. However, the merger failed to gain sufficient shareholder approval during a vote in October and did not move forward.
Several other Bitcoin mining companies have also begun repurposing their infrastructure to support AI and HPC workloads in recent months.
In July, Hive Digital Technologies said it was expanding into HPC, building an AI infrastructure business that it expects could reach $100 million in annual revenue.
About a month later, TeraWulf signed 10-year colocation agreements with AI infrastructure company Fluidstack valued at $3.7 billion, with Google backing about $1.8 billion of the lease obligations.
Magazine: 6 weirdest devices people have used to mine Bitcoin and crypto
Reimagining DeFi Liquidity Through Time. Decentralized Finance has largely measured its strength using one metric: Total Value Locked (TVL). Billions of dollars sit inside smart contracts, signaling capital commitment, protocol confidence, and market depth. But TVL has a hidden flaw: it ignores time.
A dollar locked for 5 minutes and a dollar locked for 5 years are treated the same.
This blind spot opens the door to a new primitive in DeFi design: Liquidity Time Preference Markets, also known as Shadow TVL.
The Problem With Traditional TVL
TVL answers one question:
“How much capital is inside a protocol right now?”
But DeFi users behave very differently depending on how long they intend to stay.
Consider three liquidity providers:
| Provider | Capital | Lock Duration |
|---|---|---|
| Trader A | $1M | 30 minutes |
| Yield Farmer B | $1M | 7 days |
| DAO Treasury C | $1M | 2 years |
Traditional TVL says:
TVL = $3M
But economically, these deposits are not equal. The DAO treasury provides structural stability, while Trader A provides temporary liquidity that could vanish instantly.
This creates the concept of Shadow TVL — a deeper metric that accounts for time-weighted liquidity commitment.
What is Shadow TVL?
Shadow TVL = Liquidity adjusted by time commitment.
Instead of measuring only how much capital is present, Shadow TVL measures:
-
How long is liquidity expected to remain
-
How stable is the capital base, actually?
-
The protocol’s real economic security
Example:
| Deposit | Amount | Lock Duration | Shadow Value |
|---|---|---|---|
| $1M | 1 hour | 0.0001 weight | |
| $1M | 30 days | 0.3 weight | |
| $1M | 2 years | 1.0 weight |
Even though TVL is $3M, Shadow TVL may only equal ~$1.3M in stable liquidity.
This reveals the true durability of a protocol’s liquidity base.
Introducing Liquidity Time Preference Markets
Rather than just measuring time preference, DeFi could trade it directly.
A Liquidity Time Preference Market allows participants to buy and sell liquidity commitment durations.
Participants could trade:
-
Short-term liquidity rights
-
Long-term liquidity guarantees
-
Liquidity futures contracts
Think of it like interest rate markets, but for capital patience.
How It Could Work
Step 1 — Liquidity Commitment Tokens
When depositing liquidity, users mint a token representing their lock duration.
Example tokens:
-
LQ-1D → Liquidity locked for 1 day
-
LQ-30D → Liquidity locked for 30 days
-
LQ-365D → Liquidity locked for 1 year
These tokens represent time-bound liquidity guarantees.
Step 2 — Secondary Markets
These liquidity commitments become tradable assets.
Traders could speculate on:
-
Liquidity shortages
-
Market volatility
-
Protocol stability
Example:
If traders expect high volatility next month, 30-day liquidity tokens become more valuable, because protocols will need deeper liquidity.
Step 3 — Shadow TVL Pricing
Protocols could use market prices of these tokens to compute Shadow TVL in real time.
Instead of:
TVL = $500M
Protocols would show:
Shadow TVL = $500M capital with 87-day average commitment
This creates a liquidity durability index.
Why This Changes DeFi Economics
1. Eliminates “Mercenary Liquidity.”
Yield farmers often chase incentives and exit instantly.
Liquidity Time Markets reward long-term capital commitment, reducing unstable liquidity.
2. New Derivatives Market
Liquidity duration becomes a financial asset.
Examples:
DeFi could develop a yield curve for liquidity similar to government bond markets.
3. Predictable Protocol Stability
Protocols could price risk based on how long liquidity is expected to remain.
A DEX with:
is far more stable than one with $200M TVL but a 2-day commitment.
4. Capital Efficiency
DAOs and funds could optimize treasury deployment by selecting liquidity durations matching their risk profile.
Example:
| Strategy | Liquidity Duration |
|---|---|
| Arbitrage Funds | 1–3 days |
| Market Makers | 30–90 days |
| DAO Treasuries | 1–3 years |
Liquidity becomes programmable over time.
The Emergence of a Liquidity Yield Curve
Just like traditional finance has a bond yield curve, DeFi could develop a Liquidity Commitment Curve.
Example market rates:
| Duration | Expected Yield |
|---|---|
| 1 day | 2% APR |
| 30 days | 7% APR |
| 1 year | 18% APR |
This curve reflects market demand for liquidity stability.
During volatile markets, long-duration liquidity becomes extremely valuable.
Potential Use Cases
Stablecoin Defense
Stablecoin protocols could require a minimum liquidity duration for collateral pools.
This prevents bank-run style liquidity collapses.
MEV Protection
Validators and builders could secure blockspace liquidity guarantees, ensuring deep order books even during congestion.
DeFi Credit Markets
Lenders could issue loans backed by liquidity commitment tokens, turning liquidity guarantees into collateral.
Risks and Challenges
Despite its promise, Liquidity Time Preference Markets introduce new complexities:
Smart Contract Risk
Liquidity locks and tokenization increase protocol complexity.
Liquidity Fragmentation
Too many duration tokens could fragment capital across markets.
Speculation Loops
Traders might speculate heavily on liquidity scarcity.
However, these risks are similar to those seen in early interest rate derivatives markets in traditional finance.
Why This Idea Matters
DeFi’s biggest weakness is unstable liquidity.
TVL numbers can look impressive, but capital can disappear instantly.
Shadow TVL introduces a missing dimension: time.
Instead of measuring how much liquidity exists, DeFi could measure:
How committed is that liquidity actually?
Liquidity Time Preference Markets turn patience into a tradable financial primitive.
And once time becomes a market…
DeFi doesn’t just have liquidity.
It has predictable liquidity stability.
REQUEST AN ARTICLE
[PRESS RELEASE – LODZ, Poland, March 5th, 2026]
BTCC, the world’s longest-serving cryptocurrency exchange, today announced that its recently launched TradFi product has surpassed $200 million in cumulative trading volume since going live on February 10, 2026. To celebrate this milestone, BTCC is introducing a zero-fee trading campaign for the XAU and XAG pairs, where participants can earn up to 10 grams of gold through a tiered volume bonus program.
The $200 million milestone demonstrates strong demand for traditional market access among crypto traders. BTCC TradFi, launched in February 2026, enables users to trade traditional financial instruments, including forex, commodities, indices, and equities, directly on the BTCC platform using USDT as margin and settlement currency. TradFi aims to remove barriers for crypto traders to gain exposure to the global traditional financial markets.
Running from March 5 to March 19, 2026, the zero-fee campaign waives all trading fees on XAU and XAG pairs. Alongside the 0-fee promotion, users can also participate in a tiered bonus program based on the total TradFi trading volume during the campaign. Participants can earn up to 10g of gold by reaching the milestone of 5,000,000 USDT in cumulative trading volume across all TradFi pairs.
Precious metals have been among the most actively traded asset classes on BTCC’s platform. In 2025, tokenized gold on BTCC recorded $5.72 billion in trading volume, with Q4 volume surging 809% over Q1, underscoring sustained user interest in precious metals. This momentum sets the stage for the zero-fee campaign on XAU and XAG, giving both new and existing users a cost-free entry point into one of the platform’s most in-demand markets.
For traders seeking traditional market exposure without leaving the crypto ecosystem, BTCC TradFi offers a seamless platform that bridges cryptocurrency and traditional assets. The zero-fee campaign is an opportunity to explore gold and silver trading at zero trading cost on the BTCC platform. For campaign details and eligibility requirements, users may visit BTCC’s 0-fee campaign page.
About BTCC
Founded in 2011, BTCC is a leading global cryptocurrency exchange serving over 11 million users across 100+ countries. Partnered with 2023 Defensive Player of the Year and 2x NBA All-Star Jaren Jackson Jr. as global brand ambassador, BTCC delivers secure, accessible crypto trading services with an unmatched user experience.
Official website: https://www.btcc.com/en-US
X: https://x.com/BTCCexchange
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Crypto World
xStocks Unveils xChange, Bringing Real-World Equity Liquidity Onchain Across Ethereum and Solana
TLDR:
- xChange is the first unified execution layer trading over 70 tokenized stocks across Ethereum and Solana onchain.
- Every xStock is backed 1:1 by underlying shares in custody, ensuring real equity exposure on the blockchain.
- Atomic settlement guarantees trades execute fully at the quoted price or not at all, eliminating partial fills.
- xStocks has surpassed $3.5 billion in onchain volume and 80,000 unique holders since launching in June 2025.
xChange, the new unified execution layer from xStocks, is now live on Ethereum and Solana. The platform enables trading of more than 70 tokenized stocks directly onchain.
Pricing is anchored to real-world public market data, while atomic settlement ensures each trade completes fully or not at all.
Since its June 2025 launch, xStocks has recorded over $3.5 billion in onchain transaction volume, marking rapid adoption of tokenized equities.
How xChange Bridges Traditional Markets and DeFi
xChange connects traditional market depth with decentralized finance infrastructure in one unified system. The platform does not rely on third-party intermediaries to process trades.
Instead, it executes transactions directly onchain across both Ethereum and Solana. This setup preserves the transparency and composability that DeFi participants expect.
Each xStock is fully collateralized and backed 1:1 by underlying shares held in custody. This structure means every onchain transaction reflects genuine equity exposure.
Atomic settlement removes the risk of partial fills entirely from the process. Trades either execute in full at the quoted price or do not go through.
Kraken announced the launch through its official X account, describing it as “the first unified execution layer for tokenized equities.” The exchange added that xChange delivers “TradFi liquidity. DeFi infrastructure. Always on.”
The platform operates 24/5, extending equity trading well beyond standard exchange hours. As a result, tokenized stocks function as always-on, programmable financial assets.
Val Gui, General Manager of xStocks, described the platform’s purpose directly. “xChange is about redefining how equities trade in a digital-first world,” Gui stated.
He added that it “brings real-world market liquidity onchain and turns tokenized stocks into fully programmable, always-on assets.” Gui noted these assets are built to “power the next generation of global financial applications.”
xStocks Records Strong Growth Metrics Since June 2025
Since launching in June 2025, xStocks has surpassed $3.5 billion in total onchain transaction volume. The platform has also crossed $25 billion in total trading volume across exchanges.
These figures reflect growing demand for tokenized equities among DeFi users and traditional finance participants. The pace of growth points to measurable market adoption across both audiences.
Over $225 million in tokenized assets are currently held onchain. More than 80,000 unique onchain holders have participated in the broader ecosystem.
Tokenized equities are gaining traction as a distinct and recognized asset class. Adoption has continued expanding across multiple chains, platforms, and applications.
xChange builds on this momentum by introducing a unified execution layer across networks. The platform connects liquidity across Ethereum and Solana while tying pricing to traditional equity markets.
This connection supports tighter spreads and improved execution quality throughout the system. Onchain settlement and transferability remain fully intact at every step.
Rather than replacing existing DeFi liquidity models, xChange functions as an added layer. It improves price alignment and execution reliability across the broader ecosystem.
The outcome is a hybrid model that combines real-world equity market depth with blockchain-based trading infrastructure. xChange positions tokenized stocks as a functional bridge connecting two distinct financial worlds.
Unleveraged buyers and ETF inflows pushed Bitcoin higher even as geopolitical uncertainty rattled global markets.
Bitcoin’s spot market demand strengthened over the weekend as rising war tensions unsettled global financial markets. The increase in spot buying helped stabilize prices after recent declines and kept BTC relatively firm during the broader market pullback.
Market data shows that this support is coming mainly from unleveraged buyers rather than derivatives activity. Analysts say the shift reduces downside risk in the near term, even as geopolitical and macroeconomic pressures persist.
Spot Buyers Step In as Bitcoin Climbs the Wall of Worry
A recent report from Bitfinex noted that spot buyers have actively supported Bitcoin since March 1. These buyers accumulated about $3.5 billion through steady purchases, mainly during late Asian and U.S. trading hours.
This wave of demand pushed BTC back above $65,000 and marked what analysts describe as a “wall of worry” phase. In it, prices climb even as uncertainty and external risks dominate market sentiment.
Meanwhile, derivatives data shows open interest moving in line with spot volumes at a balanced 1:1 ratio. The pattern suggests the rally is driven by genuine accumulation rather than leveraged trades or short-term speculation.
Further support came from the Coinbase Premium Index, which turned positive after a prolonged negative streak. The index has maintained a modest premium, signaling continued demand from U.S. market participants.
Additionally, the defense of the $60,000 support level has reinforced Bitcoin’s transition into an expansion phase. Market participation has increased, and perpetual funding rates remain moderate and well below overheated levels, indicating a balanced and sustainable environment.
You may also like:
ETF Inflows Reinforce Bitcoin’s Market Recovery
Notably, U.S. spot Bitcoin exchange-traded funds contributed significantly to the shift by reversing earlier outflows.
According to Bitfinex, strong inflows last week helped absorb selling pressure from miners and long-term holders. For context, March 4 saw $461.9 million in net flows, and week-to-date figures through March 5 have already exceeded $1.14 billion.
These inflows have reinforced key technical levels. Bitfinex highlights $77,400 as a major resistance area and $54,100 as core support based on historical cycles. They also note Bitcoin’s correlation with Nasdaq and geopolitical risks tied to the Strait of Hormuz, which could influence near-term volatility.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Nvidia (NVDA) Stock Dips on New Global AI Chip Export Restrictions
Politics Home | Shabana Mahmood Warns Labour MPs They Cannot “Retreat To Comfort Of Fairytales” On Immigration
499 runs and 34 sixes later, India beat England to enter T20 World Cup final | Cricket News
-
Politics7 days agoITV enters Gaza with IDF amid ongoing genocide
-
Politics2 days agoAlan Cumming Brands Baftas Ceremony A ‘Triggering S**tshow’
-
Fashion6 days agoWeekend Open Thread: Iris Top
-
Tech5 days agoUnihertz’s Titan 2 Elite Arrives Just as Physical Keyboards Refuse to Fade Away
-
Sports6 days ago
The Vikings Need a Duck
-
NewsBeat5 days agoDubai flights cancelled as Brit told airspace closed ’10 minutes after boarding’
-
NewsBeat5 days agoAbusive parents will now be treated like sex offenders and placed on a ‘child cruelty register’ | News UK
-
NewsBeat5 days agoThe empty pub on busy Cambridge road that has been boarded up for years
-
NewsBeat4 days ago‘Significant’ damage to boarded-up Horden house after fire
-
Tech12 hours agoBitwarden adds support for passkey login on Windows 11
-
Entertainment3 days agoBaby Gear Guide: Strollers, Car Seats
-
Tech6 days agoNASA Reveals Identity of Astronaut Who Suffered Medical Incident Aboard ISS
-
Business7 days agoOnly 4% of women globally reside in countries that offer almost complete legal equality
-
Politics5 days ago
FIFA hypocrisy after Israel murder over 400 Palestinian footballers
-
NewsBeat4 days agoEmirates confirms when flights will resume amid Dubai airport chaos
-
NewsBeat3 days agoIs it acceptable to comment on the appearance of strangers in public? Readers discuss
-
Crypto World7 days agoFrom Crypto Treasury to RWA: ETHZilla Retreats and Relaunches as Forum Markets on Nasdaq
-
Tech4 days agoViral ad shows aged Musk, Altman, and Bezos using jobless humans to power AI
-
Video3 days agoHow to Build Finance Dashboards With AI in Minutes
-
Business2 days agoGuthrie Disappearance Enters Fifth Week as Family Visits Memorial