Category: Exchanges

How Four Crypto Exchanges’ SpaceX Bets Came Up Empty

boss

Many platforms pushed tokenisation as a disruptor of the mainstream stock market structure. However, the recent cancellation of the tokenised SpaceX share allocations by four crypto exchanges, Binance, Bybit, Bitget Wallet and MEXC, has shown how thin that disruption can be when the asset behind the token refuses to materialise. On 12 June, the same day SpaceX began trading on Nasdaq under the ticker SPCX, all four platforms scrapped their tokenised IPO campaigns and began refunding subscribers. Their explanation was near-identical: xStocks, the tokenised-equity platform they relied on to source…

Major crypto exchanges cancel SpaceX IPO allocations

boss

Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns and offered refunds for users as SpaceX went public on the Nasdaq on Friday.  SpaceX’s IPO, which was reported as more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.  However, major crypto platforms offering tokenized access to the IPO were…

Coinbase Teases Next Phase of ‘Everything Exchange’ for Crypto, Stocks, Perps – Bitcoin News

boss

Key Takeaways Coinbase teased the next phase of a broader platform combining crypto, equities, futures, cash, and prediction markets. Instant settlement and round-the-clock trading are central to Coinbase’s pitch for modern financial infrastructure. Upcoming updates are expected on June 16, when Coinbase says it will show the next phase of the Everything Exchange. Coinbase Details Expanding Everything Exchange Vision Crypto exchange Coinbase (Nasdaq: COIN) teased the next phase of its “Everything Exchange” in a June 12 post on X and an article by Max Branzburg, its head of consumer and…

Japan’s Lower House Approves Landmark Bill to Regulate Cryptocurrency Like Traditional Stocks – SuperCryptoNews

boss

n a major regulatory shift, Japan’s House of Representatives has passed a critical piece of legislation that will transition the country’s cryptocurrency oversight from the Payment Services Act to the Financial Instruments and Exchange Act. This sweeping bill officially reclassifies digital assets as financial instruments, effectively aligning their regulatory framework with traditional stocks and other mainstream investment products. Expected to take effect in 2027, the comprehensive new rules aim to foster financial innovation and accommodate the rapidly growing global and domestic demand for digital asset services. The Financial Services Agency…

Kraken Joins FIFA World Cup 2026 as Crypto Exchange Sponsor

boss

Kraken has been named the official crypto exchange supporter of the FIFA World Cup 2026, giving the crypto exchange a presence at one of the world’s largest sporting events. The company said Tuesday that the partnership will include fan activations and product experiences throughout the tournament. The 2026 World Cup is expected to be the largest in FIFA history, with an expanded field of 48 teams and 104 matches across 16 host cities in the United States, Mexico and Canada. FIFA projects the competition will attract a cumulative global audience…

Brokers and Crypto Exchanges Split Over Shares, Tokens and Bets

boss

SpaceX is about to pull off the biggest stock market debut in history, and for once ordinary investors are not entirely locked out. Elon Musk’s rocket company may raise about $75 billion, a deal Bloomberg reported is already oversubscribed at a valuation near $1.8 trillion, with more orders than shares to go around. It starts trading on Nasdaq on June 12. The unusual part is who gets to buy in. SpaceX set aside up to 30% of the offering for retail, roughly triple the usual slice, and that has touched…

Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

boss

Key Takeaways Binance Research said crypto exchanges could add $5T in annual equity capital within five years. Roughly 93% of Binance’s stock-trading users come from emerging markets, the report found. The shift positions exchanges as equity gateways, settling trades in stablecoins around the clock. Exchanges as the New Gateway to Stocks In much of the developing world, opening a conventional brokerage account can mean paperwork, minimum balances and limited access to U.S. shares. Crypto platforms sidestep much of that friction, letting users buy fractional positions with stablecoins around the clock.…

HYPE Whales Pull $64.9M off Exchanges as One Trader’s $46.5M Short Bet Backfires

boss

Key Takeaways One wallet pulled 902,317 HYPE worth $64.9M off exchanges over the 72 hours, signaling accumulation. Trader loracle.hl, down $46.46M shorting HYPE, flipped long and lost a further $840,000. Whale withdrawals to staking cut liquid HYPE supply even as Arthur Hayes exited his position. Whales Quietly Stack HYPE Large holders are pulling HYPE off exchanges at a steady clip, suggesting accumulation rather than an intent to sell. To this point, a newly created wallet tagged 0x6436 withdrew another 140,960 HYPE worth about $9.48 million, bringing its three-day haul to…

US Treasury Sanctions Iran’s Nobitex Crypto Exchange

boss

The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system. The Treasury said on Tuesday that it added crypto exchanges Wallex, Bitpin and Ramzinex to the Office of Foreign Assets Control’s sanction list, prohibiting US businesses and persons from providing services to those platforms. “While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including…

CCE.Cash Gears Up for Major Wallet Integrations as Non-Custodial Exchange Solution Gains Momentum

boss

CCE.Cash has reached integration agreements with three well‑known non‑custodial wallets – Unstoppable, Coinomi, and Coin98 – and will soon be available inside these wallets. Users of these popular self‑custody wallets will be able to seamlessly swap assets like BTC, ETH, and SOL using CCE.Cash’s fast, no‑KYC exchange engine, directly from their wallet interface. This marks a significant step toward solving a long‑standing pain point for non‑custodial wallet users: the lack of a convenient, built‑in, private exchange option that does not require leaving the wallet, creating accounts, or undergoing identity verification.…