Crypto News
Tokenized Stocks Now Available on Bybit, Kraken, and Solana DeFi
Backed Finance has announced the launch of xStocks, a new platform offering over 60 tokenized stocks, now live on Bybit, Kraken, and Solana DeFi. This initiative aims to bridge the gap between traditional finance and decentralized finance (DeFi), allowing users to trade well-known equities such as Apple, Amazon, and Microsoft in a blockchain environment. TheSource link
ARK Invest Sold $95M of Coinbase Shares After COIN’s Surge to Record Highs
ARK Invest offloaded nearly $43.8 million worth of shares of cryptocurrency exchange Coinbase (COIN) on Monday.The sale follows similar moves last week for a total of 270,984 COIN shares offloaded in the last three trading days, worth just under $95 million based on Monday's closing price of $350.49.Coinbase shares surged to a record high of over $380 on June 26, which necessitated the sales from ARK. Cathie Wood's investment managing firm has a target weighing of its exchange-traded funds (ETFs), whereby no individual holding exceeds 10% of its total value.This leads to a trend of ARK selling large numbers of particular shares when their prices rally and acquiring them when they dip.ARK holds COIN in three of its ETFs: Innovation...
Australia’s Swyftx to Acquire Caleb & Brown in Record $66M ANZ Crypto Deal
Swyftx is acquiring Caleb & Brown in the largest crypto M&A deal in ANZ as it seeks a foothold in the U.S. to target high-net-worth clients.Source link
National Bank of Kazakhstan to Establish Cryptocurrency Reserve
Timur Suleimenov, chairman of the National Bank of Kazakhstan, noted that the institution was considering the creation of such a reserve based on international practices, starting with expropriated cryptocurrency and mined assets from companies with state participation. Kazakhstan Will Have a Cryptocurrency Reserve, According to the National Bank Another country has decided to set upSource link
Germany’s Public Savings Bank Network Sparkassen to Offer Bitcoin Trading to Clients: Report
Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg.The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via the group's securities platform, DekaBank, with the facility expected to go live by summer 2026.The news comes months after DekaBank introduced crypto trading and custody services for institutional clients and represents the growing acceptance of digital assets within traditional banking systems.The German Savings Bank Association (DSGV) reportedly backed the decision to enable crypto trading, citing growing demand and the prevalence of legal framework under the so-called...