24X National Exchange’s latest tokenized stock filing has put Wall Street’s core plumbing at the forefront of the equity-tokenization race. The exchange filed SR-24X-2026-20 on June 11, with the SEC issuing its notice on June 16 and the June 22 notice placing the filing in the Federal Register. The rule change would let eligible 24X
Groq raised $650 million to expand its inference cloud business six months after licensing its semiconductor technology to Nvidia and losing its founder. The funding round was led by Disruptive and Infinitum. Groq’s press announcement said existing investors also participated. The company did not disclose a new valuation. Groq was valued at $6.9 billion after
Alphabet (GOOG, GOOGL) is falling today because Wall Street is suddenly staring at three ugly things at once: Google is losing major AI people, rivals are getting louder in the AI race, and the company is spending eye-watering money to keep up. The stock fell by approximately 7 percent by the closing bell on Monday,
Altcoin ETFs Gain Momentum as Bitcoin Funds Post Sixth Weekly Outflow The market had one less trading day for the week due to the U.S. Juneteenth holiday, but the message was not hard to read. Bitcoin exchange-traded funds (ETFs) remained under pressure, extending their weekly outflow streak to six consecutive weeks. Ether funds were nearly
Two of the biggest companies in the tokenization space are heading toward a legal showdown over intellectual property just as the industry they helped create begins to seriously court institutional investors on Wall Street. Securitize said Monday it filed a lawsuit in the U.S. District Court in Delaware seeking a declaratory judgment that it does
What she’s saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization. Tokenization solves real problems around settlement rails and moving assets, Snyder said. The larger challenge is integrating blockchain-based assets with the systems banks, brokerages and asset managers already use. Existing discussions
Latest developments: Edelman argues investor sentiment and industry fundamentals are moving in opposite directions. Bitcoin ETF investors have pulled billions from funds in recent days, while market fears have risen amid concerns about Mt. Gox wallet movements and regulatory uncertainty, Edelman said. Debate around the CLARITY Act has added to uncertainty, with lawmakers including Sen.
Arthur Hayes, the founder of the cryptocurrency exchange BitMEX and a leading figure in the industry, made striking predictions that will profoundly shake global markets during his appearance on the Bankless podcast. Hayes argued that the Artificial Intelligence (AI) craze sweeping the technology world has turned into a massive financial bubble, and that after this
Latest developments: Digital credit products tied to Strategy’s bitcoin-backed ecosystem suffered steep declines last week before partially recovering. Strategy’s preferred stock funding vehicle STRC fell as low as $82.53 on Thursday before rebounding to roughly $90.50, according to Strive Chief Risk Officer Jeff Walton. Strive’s SATA dropped into the low $90 range before recovering to