Can tokenized stocks from centralized issuers like Robinhood or Kraken ever be truly decentralized? Experts are divided. Crypto is supposed to be about freedom permissionless networks, immutable ownership, assets that no government or intermediary can arbitrarily revoke. At least, that was Satoshis dream a vision that has admittedly faded over time as reality butted in. Amid all the other dying idealism, along came stock tokens, shiny digital wrappers for traditional equities such as Tesla, Apple and Amazon. Suddenly, the crypto space found itself dressed up in Wall Streets regulatory straitjacket. Stock tokens, as currently structured, such as Kraken’s, Robinhood’s and in the future, Coinbase’s are about as decentralized as a Goldman Sachs board meeting. Theyre digital and tokenized, but users must pass KYC to acquire them; they can only move between whitelisted addresses, and issuers can freeze or revoke them at will. In short, they arent really crypto at all. Theyre securities in a digital costume, playing...
Can tokenized stocks from centralized issuers like Robinhood or Kraken ever be truly decentralized? Experts are divided. Crypto is supposed to be about freedom permissionless networks, immutable ownership, assets that no government or intermediary can arbitrarily revoke. At least, that was Satoshis dream a vision that has admittedly faded over time as reality butted in. Amid all the other dying idealism, along came stock tokens, shiny digital wrappers for traditional equities such as Tesla, Apple and Amazon. Suddenly, the crypto space found itself dressed up in Wall Streets regulatory straitjacket. Stock tokens, as currently structured, such as Kraken’s, Robinhood’s and in the future, Coinbase’s are about as decentralized as a Goldman Sachs board meeting. Theyre digital and tokenized, but users must pass KYC to acquire them; they can only move between whitelisted addresses, and issuers can freeze or revoke them at will. In short, they arent really crypto at all. Theyre securities in a digital costume, playing...
Spot Ether ETFs saw over $1 billion in outflows over six days as investors retreated on macro concerns and fading rate-cut optimism. Spot Ether exchange-traded funds (ETFs) recorded over $1.04 billion in net outflows across six consecutive trading days, as investors pulled back in response to growing macro uncertainty and fading confidence in rate-cut tailwinds. On Monday, Ether (ETH) ETFs saw a net outflow of $96.7 million, led by BlackRock’s ETHA, which recorded $192.7 million in withdrawals. This was partially offset by $75 million inflows into Fidelity’s FETH, $9.5 million into Grayscale’s ETHE and $11 million into its mini fund. Total trading volume reached $1.52 billion, with overall net assets falling to $27.39 billion, representing 5.28% of Ether's market cap, according to data from SoSoValue. Read more
Vietnam has adopted a five-year crypto pilot that takes effect immediately and bans the issuance of assets backed by fiat currencies or securities. Vietnam, ranked among the top countries worldwide for cryptocurrency adoption, is launching a five-year pilot program introducing strict requirements for the crypto industry. Vietnam’s Deputy Prime Minister Ho Duc Phoc signed a resolution enforcing a framework establishing rules for trading and issuance of crypto assets, the Government Electronic Newspaper of Vietnam reported on Tuesday. Taking effect immediately, the pilot requires crypto transactions — from issuance to trading and payments — to be carried out in Vietnamese dong. Read more
SOL price is 70% higher than its $125 lows reached on June 22, as onchain data and a classic pattern suggest that SOL is on track to fresh record highs. Key takeaways: Solana's total value locked rises to an all-time high above $12 billion. Solana’s memecoin daily trading volume jumped 73% over the last 24 hours. Read more
Discover how Hyperliquid, a lean, self-funded layer-1 DeFi exchange, reached $330 billion in monthly volume in July 2025. Hyperliquid processed around $330 billion in trading volume in July 2025, briefly surpassing Robinhood. A split-chain design enabled CEX-like speed while keeping custody and execution onchain. The HLP vault and Assistance Fund buybacks aligned traders, market makers and token holders in a reinforcing loop. Read more
Ledger chief technology officer Charles Guillemet said that while the immediate danger had passed, the threat still exists. A recent Node Package Manager (NPM) attack stole just $50 worth of crypto, but industry experts say the incident highlights ongoing vulnerabilities for exchanges and software wallets. Charles Guillemet, the chief technology officer of hardware wallet company Ledger, said in a Tuesday X post that the attempted exploit was a “clear reminder” that software wallets and exchanges remain exposed to risks. If your funds sit in a software wallet or on an exchange, you’re one code execution away from losing everything,” he said, adding that supply-chain compromises remain a powerful malware delivery vector. Read more
Whale “0xa523” has racked up over $40 million in losses on Hyperliquid, overtaking James Wynn to become the platform’s biggest loser. Hyperliquid trader “0xa523” has overtaken James Wynn to become the platform’s largest losing whale, racking up over $40 million in losses in under a month, according to onchain data. In a Tuesday post on X, Lookonchain revealed that the trader’s downfall was driven by a string of high-leverage missteps, including a $39.66 million loss on Hyperliquid (HYPE), where he sold 886,287 tokens before the asset rebounded. Had he held the position, it would now be worth nearly $9 million more. He later lost over $35 million on a long Ether (ETH) position, flipped to a short, and then lost another $614,000. His current Bitcoin (BTC) short is also underwater, showing an unrealized loss of $1.8 million, according to data from Hyperdash. Read more
BTC price strength starts to convince traders that new highs are back on the table, but Bitcoin still needs spot-market support. Key points: Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move. That level becomes a recommendation for long entries, but not everyone is bullish. Read more