Stocks | Crypto

The acquisition will give Kraken full control of the xStocks tokenized-equity platform, strengthening the exchange’s push into regulated real-world assets. US-based crypto exchange Kraken has agreed to acquire Backed Finance AG, the company behind the issuance of xStocks, adding to a string of acquisitions the exchange has made this year while bringing the tokenized-equities platform under its roof. According to Tuesday’s announcement, Kraken plans to integrate xStocks’ issuance, trading and settlement more tightly into its products, including its global money app, while expanding support to additional blockchains and markets.  XStocks is a platform that issues tokenized versions of publicly traded equities, such as stocks and exchange-traded funds (ETFs). It currently offers over 60 tokenized products and has recorded more than $10 billion in combined exchange and onchain volume since launching earlier this year. Read more

The choice between Bitcoin and stocks isn’t simple. Here’s how analysts and data reveal how investors can approach it. Stocks may survive AI disruption if they adapt quickly to changing technological and economic demands. New businesses spurred by AI, such as robotics, biotech or space, are expected to drive growth, and the stocks mirroring such advances will have a better chance of surviving the innovation turmoil. Periods of disruption should be expected as AI reshapes labor and markets; therefore, the next few years are for adaptation to the new technology. Read more

While Kraken said that the partnership opens up stocks for 200 million users, others said that geographical restrictions exist. Crypto exchange Kraken, the main distribution partner for Backed’s tokenized equities product xStocks, has partnered with Trust Wallet, one of the world’s largest self-custody crypto wallets, to extend the reach of tokenized equities to users.  In a Friday announcement, Kraken said it is “bringing interoperable tokenized equities to over 200 million users across the world” by extending xStocks to Trust Wallet users, who will be able to trade tokenized equities by Backed, a provider of collateralized onchain assets.  The integration will allow Trust Wallet users to buy and hold 60 different xStocks using a variety of local fiat currencies. It would also enable deposits and withdrawals across multiple chains, including Solana, BNB Chain, Tron and Ethereum.  Read more

Ondo has launched Global Markets for eligible non-U.S. investors, bringing tokenized access to 100+ U.S. stocks and ETFs on Ethereum. Tokens have been backed one-to-one and support 24/5 mint-redeem; price data uses Chainlink; expansion has been planned for BNB Chain, Solana, and Ondo Chain. The post Ondo Launches Global Markets: 100+ Tokenized U.S. Stocks on Ethereum appeared first on Cryptonews.

Solana‑based xStocks have cleared a new milestone one month after their June 30 debut, with cumulative trading volume reaching $1.66 billion as of July 30.  According to the project’s official dashboard at Dune, the growth has been driven overwhelmingly by centralized exchange (CEX) activity. CEX volume stands at $1.57 billion, roughly 95% of the total, while decentralized venues […] The post Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges appeared first on CryptoSlate.

Bitget has rolled out tokenized stock trading on its Onchain platform, enabling crypto users to gain exposure to top global equities without relying on traditional brokerages. The move, announced on July 9, was made possible through an integration with Kraken’s recently launched xStocks infrastructure. The initial listings include tokenized versions of Tesla (TSLAx), Nvidia (NVDAx), […] The post Bitget latest CEX to expand into tokenized equity trading via xStocks integration appeared first on CryptoSlate.

Kraken has announced the expansion of its xStocks product to Binance-backed BNB Chain, marking a significant step toward making tokenized US equities more accessible globally. According to a July 9 statement, Kraken’s users outside the United States will soon be able to deposit and withdraw tokenized stocks, such as AAPLx, TSLAx, SPYx, and NVDAx, via […] The post Kraken expands xStocks to BNB Chain enabling global access to tokenized equities appeared first on CryptoSlate.

The BOJ meeting has commanded market attention worldwide as insiders indicate bond purchases may be trimmed more gradually, opening the door to renewed QE. Analysts contend the shift has already supported risk assets from Tokyo stocks to Bitcoin, and an official move could amplify the trend.   The post BOJ June Meeting Could Trigger Major Moves in Stocks and Crypto – What to Watch appeared first on Cryptonews.

Kraken has moved beyond crypto by introducing more than 50 tokenized U.S. stocks and ETFs for non-U.S. traders. Issued on Solana and redeemable for cash linked to real shares, the ‘xStocks’ have shown how 24/7 settlement could reshape market hours and push regulators to clarify oversight. The post Kraken Debuts 50+ Tokenized U.S. Stocks for 24/7 Trading – Americans Excluded appeared first on Cryptonews.

Missouri has advanced landmark legislation to scrap capital gains taxes on profits from stocks, property and crypto, retroactive to 2025. The measure, awaiting Gov. Mike Kehoe’s approval, has triggered debate over lost revenue versus potential economic growth and interstate tax competition. The post Missouri Moves to Axe Capital Gains on Crypto & Stocks – Budget Battle Looms appeared first on Cryptonews.

Crypto rallies on Weaker Dollar, Gold keeps Soaring, Stocks open Weak FOMO HOUR EP340 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. BTC hits $87k on weaker dollar, rise in gold. Strategy may announce up to $2bn BTC buy today. SOL overtakes ETH in market cap staked. SOL/ETH weekly close hits another ATH. Vitalik wants RISC-V to replace ETH’s EVM. SOL has better roadmap than ETH: Adams. Charles Schwab to offer crypto trading in a year. Only 68% of ByBit hacked funds still traceable. Metaplanet buys $28m BTC. Abraxas Capital buys $250m BTC in 4 days. ECB set to launch Digital Euro in Oct 2025. StanChart forecasts $2T of stablecoins by 2028. Public firms now hold $56bn BTC, +16% y/y in Q1. Hashkey launches XRP t...