Robinhood CEO Vlad Tenev defended the company's tokenized stock offerings after AMC CEO Adam Aron publicly condemned the tokens representing AMC shares as unauthorized and demanded their trading stop. Tenev explained that these tokens are debt instruments fully backed by actual shares but exclude voting rights, and are issued outside the U.S. under Regulation S, thus not requiring issuer approval. The controversy highlights the tension between traditional companies and new financial products, with AMC currently conducting a legal review of the tokens. Robinhood maintains its token structure complies with regulations and continues to offer these products despite criticism and ongoing scrutiny.
Solana's tokenized equity market surged from $63 million to $455 million within a year, driven by platforms like xStocks. Over $65 million of these tokenized equities are used to generate yield or as collateral for loans on platforms like Kamino and ...
Ether (ETH), the second-largest cryptocurrency by market cap, experienced $27.24 million in long position liquidations during a one-hour period ending at 6:05 p.m. ET on Saturday. The price of ETH fell 1.61% from $2,424 to $2,384 in that hour. Data w...
Shiba Inu's exchange reserves have dropped slightly to about 87.06 trillion SHIB, indicating a reduction in tokens held on exchanges amid fading sell pressure. Negative netflow data shows more SHIB tokens are leaving exchanges than entering, suggesti...
Pump.fun has introduced perpetual futures trading for cryptocurrencies like Bitcoin and Ethereum, as well as real-world assets such as the S&P 500 and oil, offering up to 50x leverage through Hyperliquid. This expansion marks Pump.fun's evolution fro...
AIsa, an AI infrastructure startup, announced it has raised over $9 million in cumulative funding after Tether and HIVEN joined a seed extension round. The company connects AI agents to external data and services while managing usage, billing, and sp...
