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Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca

Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would represent most of the market. With DTCC preparing to launch its own tokenization service in October and the SEC warning that third-party stock tokens can expose investors to additional ownership and intermediary risks, the numbers reveal …

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Why OKX hired Andrew Cuomo: Crypto’s next battle isn’t for users

OKX added Andrew Cuomo to its board of directors this month, framing it as a natural progression from two years of him advising the company. Cuomo also co-chairs a joint venture between OKX and Intercontinental Exchange, the operator of the New York Stock Exchange. That venture is building infrastructure for tokenized assets, institutional derivatives and …

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Crypto equities gained 23% while crypto tokens fell 36% this year – Is value shifting?

Bitwise reported that publicly traded crypto companies gained 23% in the first half of 2026, while crypto assets fell 36%, creating a 59-percentage-point gap. Equities could be pricing in a recovery that sits above where the tokens currently trade, or they could also be capturing revenue crypto adoption generates for companies through fees, yield, and services …

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Crypto exchanges are becoming the new distribution channel for Wall Street assets

Crypto exchanges are increasingly becoming distribution platforms for Wall Street exposure as trading in tokenized stocks and real-world asset derivatives accelerates across crypto markets. Tokenized assets became the most-listed category across major centralized exchanges in the first half of 2026, accounting for nearly one in every five new listings, CryptoRank data shows. The category represented …

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Crypto won the ETF fight but now the SEC is questioning if things have gone too far

The ETF became one of Wall Street’s most powerful distribution tools because it turned market exposure into an easy-to-use and easy-to-understand retail product. Investors could buy an index, a basket of bonds, a commodity thesis, or a tightly packaged theme from the same account they use for blue-chip stocks. This was so convenient that it …

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Crypto bettors believe Balogun’s suspended red card will give USA edge over Belgium

Prediction-market traders are giving the United States a narrow edge over Belgium after FIFA cleared striker Folarin Balogun to play in Monday’s World Cup round-of-16 match, a decision that followed direct lobbying from US President Donald Trump and triggered criticism from European soccer officials. Prices on Polymarket showed the US with about a 39% chance …

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Crypto wanted to replace Wall Street – Instead, Wall Street took over crypto

Crypto was founded on a simple premise: people should be able to send, hold, and manage money without going through a bank. Fifteen years later, some of the industry's most significant developments involve banks doing that, on blockchains, for their own institutional clients. JPMorgan now settles payments in its own deposit token on a public …

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Crypto exchanges are selling stock options and tokenized stocks but users may not own what they think

Bitget launched US stock options this week and says no other major crypto exchange offers them. The product starts with the simplest version of options trading, where eligible users buy single call or put contracts, with more complex strategies planned as it matures. It sits alongside Bitget's existing crypto markets, tokenized stocks, and contract-for-difference products …

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Crypto firms race to lock in CLARITY Act rules before the Senate window closes

Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess. The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain …

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Crypto lending turns to Wall Street credit rules to win back institutional trust after 2022 collapse

Celsius froze withdrawals in June 2022 before filing for Chapter 11 in July 2022, and Genesis froze redemptions after FTX's collapse and filed for bankruptcy in January 2023, owing approximately $3.4 billion to its 50 largest creditors. BlockFi, Celsius, Genesis, and Voyager together accounted for 40% of the crypto lending market and 82% of CeFi …

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Crypto finally has a CLARITY Act date – delivery now depends on seven Senate Democrats

The House Financial Services Committee has scheduled a July 17 field hearing in New York on the CLARITY Act, giving the bill another public stage while the Senate floor vote that would decide its immediate path remains unscheduled. The CLARITY Act cleared the House in July 2025, with 78 Democrats joining the majority, establishing

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