News Heat Trend
Blockchain Association Files Comments on SEC’s Proposed Crypto Asset Rule: Recommends Raising Startup Exemption Cap to $10 Million
The Blockchain Association (@BlockchainAssn) posted on the X platform that the association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the proposed Regulation Crypto Assets. Previously, the committee led by SEC Chair Paul Atkins had proposed exemptions for startups and fundraising activities, as well as a safe harbor mechanism to clarify when tokens are no longer considered investment contracts. The main recommendations in the letter include: • Establish clear objective criteria: Provide non-exclusive indicators to determine when an issuer’s core managerial efforts have ended, such as open-sourcing the source code or the absence of an entity capable of unilaterally reviewing transactions. • Link liability to control: Project developers shall only be responsible for areas within their control, excluding third-party applications and community activities; exchanges, liquidity providers, and other entities relying in good faith on SEC filings by projects shall be protected. • Create a safe harbor for existing tokens: Qualified third parties such as trading platforms may file for already-issued tokens, and such filing shall not be construed as acknowledging that the tokens were once securities. • Increase exemption limits: Raise the startup exemption cap to $10 million, excluding airdrops and network rewards from the limit; raise the fundraising exemption cap to $150 million, and allow on-chain transparency to substitute audited financial statements. • Strengthen federal preemption: Satisfy
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Janus Henderson Head of Macro: AI Stock Sell-Off Could Lower Small-Cap Financing Costs
According to CNBC, Richard Bernstein, Global Macro Head at Janus Henderson, stated that the sell-off in AI stocks could benefit small-cap stocks. He believes capital previously flowed into the AI data center industry under loose conditions, while other companies faced tighter financing; if overall market valuations pull back, borrowing costs across the broader economy are expected to decline. Last Thursday, a major chip ETF closed nearly 14% below its October high, with chip stocks falling for eight consecutive trading days, marking a record not seen in 16 years. Bernstein said the Federal Reserve is in a tightening cycle and hiked rates by 25 basis points on September 16, the first increase since 2023. He disputes the market's expectation of "just one rate hike," pointing out that the rise in U.S. core import prices has outpaced core consumer prices, reversing a 30-year trend. "The U.S. is importing inflation." He also noted that the consumer staples sector has performed relatively well, reflecting market concerns about a recession.
Bonk Guy: USELESS Trading Volume Has Approached DOGE, but Market Cap Gap Is About 72x
Odaily Report: Bonk Guy posted on X platform stating that he is long-term bullish on USELESS becoming the next-generation representative Meme coin similar to DOGE and PEPE, mainly based on the token's trading data performance. USELESS's trading volume on Coinbase has surpassed DOGE, its trading volume on European exchange Bitvavo is close to 3 times that of DOGE, and its trading volume on Kraken is also approaching DOGE.Meanwhile, Bonk Guy stated that apart from USELESS and DOGE, no other Meme coins appear among the top 50 crypto assets by trading volume on the aforementioned three exchanges. USELESS currently has a market cap of approximately $186 million, while DOGE has a market cap of approximately $13.4 billion, a difference of about 72x between the two. Bonk Guy believes that USELESS continues to demonstrate trading activity and liquidity approaching DOGE on multiple mainstream trading platforms, but there remains a significant valuation gap.
CZ: Bitcoin May Surpass Gold in the Next Bull Run, Current Market Cap Gap Approximately 10x
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
HYPE Treasury PURR Increases Equity Financing Commitment to $2.5 Billion and Sets Cap on Discounted Secondary Offerings
US-listed Hyperliquid Strategies Inc. (PURR), the HYPE treasury company, has amended its ChEF Purchase Agreement with Chardan Capital Markets, increasing the total committed amount for newly issued common shares from $1 billion to $2.5 billion. The amended agreement introduces a new trading cap mechanism: once cumulative sales exceed $1 billion, if the offering price falls below $12.02 per share, additional issuances will be capped at 42,641,847 shares, representing 19.99% of the outstanding shares prior to the amendment. Any additional issuances exceeding this cap require shareholder approval in accordance with Nasdaq rules, aimed at mitigating the dilutive impact on existing shareholders caused by low-priced offerings.
Blockchain Association Files Comments on SEC’s Proposed Crypto Asset Rule: Recommends Raising Startup Exemption Cap to $10 Million
The Blockchain Association (@BlockchainAssn) posted on the X platform that the association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the proposed Regulation Crypto Assets. Previously, the committee led by SEC Chair Paul Atkins had proposed exemptions for startups and fundraising activities, as well as a safe harbor mechanism to clarify when tokens are no longer considered investment contracts. The main recommendations in the letter include: • Establish clear objective criteria: Provide non-exclusive indicators to determine when an issuer’s core managerial efforts have ended, such as open-sourcing the source code or the absence of an entity capable of unilaterally reviewing transactions. • Link liability to control: Project developers shall only be responsible for areas within their control, excluding third-party applications and community activities; exchanges, liquidity providers, and other entities relying in good faith on SEC filings by projects shall be protected. • Create a safe harbor for existing tokens: Qualified third parties such as trading platforms may file for already-issued tokens, and such filing shall not be construed as acknowledging that the tokens were once securities. • Increase exemption limits: Raise the startup exemption cap to $10 million, excluding airdrops and network rewards from the limit; raise the fundraising exemption cap to $150 million, and allow on-chain transparency to substitute audited financial statements. • Strengthen federal preemption: Satisfy
Tokenized Asset Liquidity Faces Challenges as Stablecoin Market Cap Reaches $306 Billion
Odaily reports: Alex Taaffe, Chief Revenue Officer of digital asset trading firm GSR, stated that the on-chain issuance of real-world assets (RWAs) continues to increase, but investor demand has yet to match, and the growing number of issuers and blockchains has further fragmented liquidity in the tokenized market.Mike Silagadze, founder and CEO of ether.fi, said that stablecoins facilitate cross-border transfers, but broader adoption depends on whether they can be used for everyday spending; Yvonne Chia, Head of Communications at USDD, believes that issuers should prioritize improving user experience.The stablecoin market cap stands at $306 billion, up approximately 2% year-over-year and about 74% over the past 12 months. Ilya Podoynitsyn, co-founder and CEO of FinHarbor, pointed out that service providers still need to address regulatory requirements across different jurisdictions and adjust their infrastructure and compliance systems.Miguel Morel, founder and CEO of blockchain analytics firm Arkham Intelligence, said that on-chain data can be used to assess counterparty risk and the source of client deposits. Pulkit Gupta of Nomad Capital noted that crypto market liquidity has been relatively weak over the past three months, making it more difficult to exit altcoin investments. (Cointelegraph)
Standard Chartered Bank Pushes Back $2 Trillion Stablecoin Market Cap Forecast to 2030
According to The Block, Standard Chartered Bank has pushed back its forecast for the stablecoin market to reach a $2 trillion scale from 2028 to 2030. Geoffrey Kendrick, the bank's Global Head of Digital Asset Research, stated that stablecoin supply has consistently hovered between $300 billion and $320 billion over the past 12 months, currently standing at approximately $309 billion. The stagnation in growth is viewed as a cyclical, rather than structural, issue. Despite the slowdown in supply growth, usage continues to climb—average monthly on-chain transfer volume neared $10 trillion in 2026, a significant increase from $4 trillion in 2025, with May alone recording a record-high $19 trillion in on-chain transfers. Stablecoin velocity has also doubled from 15x in 2025 to approximately 30x. Specifically, USDC velocity rose from 45x to 80x, primarily used for payments and AI agent-to-agent transactions; USDT velocity remains around 7x, mainly serving dollar savings demand in emerging markets. Kendrick noted that competition is most intense in mature market payments and traditional finance alternatives, with potential challengers including OUSD, stablecoin infrastructure provider M^0, and the multi-bank shared stablecoin network A+. On the regulatory front, the U.S. GENIUS Act is expected to take effect in January 2027, and its global rollout effectiveness will be a primary risk factor influencing the realization of the forecast.
Russian Central Bank Plans 1% Capital Cap on Banks' Crypto Asset Exposure
According to CryptoSlate, on September 18, the Central Bank of Russia released a draft proposing a 1% capital limit on banks' crypto asset exposures and introducing two regulatory ratios: N31 (applicable to standalone banks) and N32 (applicable to consolidated banking groups). The draft stipulates that direct positions, derivatives, loans, bonds, repurchase agreements, and other instruments linked to crypto prices are included in the calculation. Bank proprietary positions and customer custodial positions where the bank bears payment liabilities are subject to a 1,250% risk weighting, whereas customer custodial positions without such liabilities are subject to a 50% risk weighting and excluded from the 1% limit calculation. The rule is scheduled for official publication in the fourth quarter of 2026, will be enforced 10 days after it takes effect, and banks are required to start reporting relevant data in January 2027.
Gemini Market Cap Shrinks 80%, M&A Speculation Reignites
Gemini's stock price has fallen by approximately 80% since its IPO, with its market capitalization dropping from a peak of $4 billion to $753 million. As trading volumes contract, the value of its regulatory licenses and infrastructure has fueled market speculation about an acquisition, but the founder's absolute voting control presents practical hurdles to advancing any potential deal.
Anchorage Digital Bank Begins Custody of Physical Uranium Token, xU3O8 Market Cap Around $9 Million
Odaily News: Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, began offering xU3O8 custody services to institutional clients on September 16, 2026. The token is backed by physical uranium concentrate (yellowcake), with the relevant uranium materials stored at Cameco facilities and beneficial ownership held through a UK trust structure.xU3O8 is issued by Uranium.io, with UK regulator Archax serving as trustee, and the underlying assets mapped through the Etherlink network. Cameco is responsible for safeguarding the physical uranium in certified facilities and regularly publishes reserve proof audit results.Anchorage Digital Bank N.A. is regulated by the Office of the Comptroller of the Currency (OCC), and its clients can include xU3O8 in the same segregated, bankruptcy-remote accounts as Bitcoin and cash equivalents. Currently, xU3O8 is priced at approximately $5.66 per unit, with a total market cap of about $9 million. (Bitcoin.com News)
Westpac to Cap Customer Payments to Crypto Exchanges at AUD 10,000 per Month
Odaily reports: Bitcoin News posted on X platform that Australia's Westpac Bank will impose a monthly cap of AUD 10,000 on customer payments to cryptocurrency exchanges starting December 1. Once the limit is reached, Westpac may decline payments it identifies as being made to crypto exchanges; the cap applies in aggregate across all Westpac accounts through online banking, the Westpac app, and credit and debit card payments, with no exemptions or higher limits. Westpac does not support customers making payments to crypto exchanges at branches, and transfers from exchanges into Westpac accounts are unaffected.Westpac said the move is aimed at combating scams, citing data from Australia's National Anti-Scam Centre that 46% of reported scam losses last year involved cryptocurrency. Customers purchasing more than AUD 10,000 of Bitcoin per month will need to fund the excess through other banks.
Analyst: ETH Market Cap Erodes by $54 Billion Over Nearly Three Weeks, This Correction May Be Nearing Its End
Odaily reports: Crypto analyst Darkfost posted that this round of deleveraging was driven by a combination of price declines, cascading liquidations, and traders actively closing positions to reduce risk. Looking back at July of this year, Ethereum also experienced a more severe contraction in open interest, after which it stabilized and rebounded, gaining over 32% and briefly breaking above $2,800. Deleveraging is part of the market correction process; such phases are often accompanied by panic sentiment and may also occur at the tail end of a correction.Over the past three weeks, the altcoin market has shown overall weakness, with Ethereum's price pulling back roughly 15% and its market cap shrinking by approximately $54 billion. In the derivatives market, ETH open interest on Binance fell by $1.3 billion over the past month, a decline of nearly 20%, dropping to $5.7 billion; total ETH open interest across the entire network fell to $11.5 billion.
Janus Henderson Head of Macro: AI Stock Sell-Off Could Lower Small-Cap Financing Costs
According to CNBC, Richard Bernstein, Global Macro Head at Janus Henderson, stated that the sell-off in AI stocks could benefit small-cap stocks. He believes capital previously flowed into the AI data center industry under loose conditions, while other companies faced tighter financing; if overall market valuations pull back, borrowing costs across the broader economy are expected to decline. Last Thursday, a major chip ETF closed nearly 14% below its October high, with chip stocks falling for eight consecutive trading days, marking a record not seen in 16 years. Bernstein said the Federal Reserve is in a tightening cycle and hiked rates by 25 basis points on September 16, the first increase since 2023. He disputes the market's expectation of "just one rate hike," pointing out that the rise in U.S. core import prices has outpaced core consumer prices, reversing a 30-year trend. "The U.S. is importing inflation." He also noted that the consumer staples sector has performed relatively well, reflecting market concerns about a recession.
Analyst: Small- and Mid-Cap Crypto Assets Significantly Outpacing BTC in Market Cap Growth
Odaily reports: Crypto analyst Darkfost stated that since late August, small- and mid-cap crypto assets have seen the strongest market cap growth, with the gap between their monthly average and yearly average market cap continuing to widen, and the relevant ratio now reaching 41%. By comparison, Bitcoin's ratio stands at 7%, while large-cap crypto assets are at just 3.5%.Darkfost noted that this trend is relatively rare, as rallies are typically initiated by Bitcoin first, as was the case in the market performance after the 2023 bear market ended. However, small- and mid-cap assets are more sensitive to market changes, and the current trend could also reverse rapidly.
Bonk Guy: SI Poised to Hit New Highs, Market Cap Could Reach Hundreds of Millions
crypto KOL Bonk Guy posted on X platform, stating that panic selling in the market could last for hours or even days, and investors need not wait until the sell-off ends to start buying, but should instead focus on opportunities when market participants broadly lose confidence.Bonk Guy expressed optimism about SI's performance after this round of panic selling, believing it is poised to hit a new all-time high in the future, with a market cap reaching hundreds of millions of dollars.According to GMGN data, SI's current market cap stands at $13 million, with a 24H decline of 11.8%.
Ansem's Question Answered? Only 5 Tokens Meet the Criteria of "Ranked in the Top 100 by Market Cap in 2021 and Hit New All-Time Highs in 2025"
Renowned trader Ansem posted a question to the community: "Aside from USD and BTC, how many tokens can you name that have still hit all-time highs after surviving a full bull-bear cycle?" Crypto KOL @0xaporia compiled findings showing that, excluding BTC, only 8 tokens meet the criteria of "ranked in the top 100 by market cap in 2021 and hit new all-time highs in 2025." Excluding wrapped assets, these include only BNB, XRP, TRX, LEO, and OKB.
Bybit today launched six stock perpetual contracts including XP, Industrial Select SPDR ETF, and Booking Holdings.
Bybit has added six stock perpetual contracts today: XP Inc. (XPUSDT), SPDR Industrials Select Sector ETF (XLIUSDT), Booking Holdings Inc. (BKNGUSDT), iShares MSCI Brazil Small-Cap ETF (EWZSUSDT), Occidental Petroleum Corp. (OXYUSDT), and NuScale Power Corporation (SMRUSDT), offering up to 25x leverage. Limited-time fee discounts are available upon launch: 0% for limit orders and 50% off for market orders.
Bitget Lists Perpetual Contracts for 3 Stocks Including Pfizer and Fortinet
Bitget has listed perpetual contracts for 3 popular stocks: FTNT (Fortinet), EWZS (iShares MSCI Brazil Small-Cap ETF), and PFE (Pfizer).These contracts are settled in USDT and support up to 20x leverage and 24/7 trading. As of now, Bitget supports a total of 392 stock contract underlying assets.
Westpac to Cap Customer Payments to Crypto Exchanges at AUD 10,000 per Month
Odaily reports: Bitcoin News posted on X platform that Australia's Westpac Bank will impose a monthly cap of AUD 10,000 on customer payments to cryptocurrency exchanges starting December 1. Once the limit is reached, Westpac may decline payments it identifies as being made to crypto exchanges; the cap applies in aggregate across all Westpac accounts through online banking, the Westpac app, and credit and debit card payments, with no exemptions or higher limits. Westpac does not support customers making payments to crypto exchanges at branches, and transfers from exchanges into Westpac accounts are unaffected.Westpac said the move is aimed at combating scams, citing data from Australia's National Anti-Scam Centre that 46% of reported scam losses last year involved cryptocurrency. Customers purchasing more than AUD 10,000 of Bitcoin per month will need to fund the excess through other banks.
Ondo Announces 15 Tokenized Stocks Launch on Robinhood Chain
Odaily reports: Ondo has announced that 15 tokenized stocks and ETFs are now live on Robinhood Chain, with 11 of them open for trading in StablePair liquidity pools on Uniswap v4. The pools allow traders to swap directly between Ondo Stocks and Robinhood Stock Tokens that track the same underlying assets, while liquidity providers can earn fees by providing liquidity.Ondo stated that its tokenized stocks support round-the-clock minting and redemption, providing traders with an additional source of liquidity, exit channels, and arbitrage opportunities during periods when Robinhood Stock Tokens suspend minting and redemption on weekends, helping to narrow the price deviation between on-chain prices and the underlying asset prices. The 15 assets launched this time also include 4 assets that do not yet have corresponding Robinhood Stock Tokens, such as Robinhood (HOODon), iShares China Large-Cap ETF (FXIon), BitMine (BMNRon), and the United States Copper Index Fund (CPERon).Ondo Stocks can be bridged between Robinhood Chain and BNB Chain or Ethereum via Ondo Bridge, and can be minted and redeemed on the latter two.
Bitget Launchpool to List AXIS, Lock BGB and AXIS to Unlock 1.33 Million AXIS
Bitget Launchpool is about to list Axis Robotics (AXIS), with a total prize pool of 1,333,333 AXIS. The staking channel will be open from October 21, 21:00 to October 28, 21:00 (UTC+8). This round of Launchpool features 2 staking pools, details as follows:BGB Staking Pool:Total Airdrop: 1,133,333 AXIS;VIP User Staking Cap: 50,000 BGB;Regular User Staking Cap: 5,000 BGB.AXIS Staking Pool:Total Airdrop: 200,000 AXIS;Individual Staking Cap: 3,333,333 AXIS.
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Related news
Bybit today launched six stock perpetual contracts including XP, Industrial Select SPDR ETF, and Booking Holdings.
Bybit has added six stock perpetual contracts today: XP Inc. (XPUSDT), SPDR Industrials Select Sector ETF (XLIUSDT), Booking Holdings Inc. (BKNGUSDT), iShares MSCI Brazil Small-Cap ETF (EWZSUSDT), Occidental Petroleum Corp. (OXYUSDT), and NuScale Power Corporation (SMRUSDT), offering up to 25x leverage. Limited-time fee discounts are available upon launch: 0% for limit orders and 50% off for market orders.
Bitget Lists Perpetual Contracts for 3 Stocks Including Pfizer and Fortinet
Bitget has listed perpetual contracts for 3 popular stocks: FTNT (Fortinet), EWZS (iShares MSCI Brazil Small-Cap ETF), and PFE (Pfizer).These contracts are settled in USDT and support up to 20x leverage and 24/7 trading. As of now, Bitget supports a total of 392 stock contract underlying assets.
Westpac to Cap Customer Payments to Crypto Exchanges at AUD 10,000 per Month
Odaily reports: Bitcoin News posted on X platform that Australia's Westpac Bank will impose a monthly cap of AUD 10,000 on customer payments to cryptocurrency exchanges starting December 1. Once the limit is reached, Westpac may decline payments it identifies as being made to crypto exchanges; the cap applies in aggregate across all Westpac accounts through online banking, the Westpac app, and credit and debit card payments, with no exemptions or higher limits. Westpac does not support customers making payments to crypto exchanges at branches, and transfers from exchanges into Westpac accounts are unaffected.Westpac said the move is aimed at combating scams, citing data from Australia's National Anti-Scam Centre that 46% of reported scam losses last year involved cryptocurrency. Customers purchasing more than AUD 10,000 of Bitcoin per month will need to fund the excess through other banks.
Ondo Announces 15 Tokenized Stocks Launch on Robinhood Chain
Odaily reports: Ondo has announced that 15 tokenized stocks and ETFs are now live on Robinhood Chain, with 11 of them open for trading in StablePair liquidity pools on Uniswap v4. The pools allow traders to swap directly between Ondo Stocks and Robinhood Stock Tokens that track the same underlying assets, while liquidity providers can earn fees by providing liquidity.Ondo stated that its tokenized stocks support round-the-clock minting and redemption, providing traders with an additional source of liquidity, exit channels, and arbitrage opportunities during periods when Robinhood Stock Tokens suspend minting and redemption on weekends, helping to narrow the price deviation between on-chain prices and the underlying asset prices. The 15 assets launched this time also include 4 assets that do not yet have corresponding Robinhood Stock Tokens, such as Robinhood (HOODon), iShares China Large-Cap ETF (FXIon), BitMine (BMNRon), and the United States Copper Index Fund (CPERon).Ondo Stocks can be bridged between Robinhood Chain and BNB Chain or Ethereum via Ondo Bridge, and can be minted and redeemed on the latter two.
Market Cap Surpasses Nasdaq: Strategy's MSTR Enters Global Top 400 Companies by Market Value
Bitcoin Treasuries posted on X that Strategy's MSTR has now surpassed U.S. exchange giant Nasdaq in market capitalization, securing a place among the world's top 400 most valuable companies.
xStocks Tokenized Stocks On-Chain Market Cap Surpasses $1 Billion, Up 802.5% Over the Past Year
According to data from Token Terminal, the on-chain market capitalization of tokenized stocks issued by xStocks has reached $1 billion, up 802.5% over the past year. The underlying assets are currently distributed across nine blockchains. By network, Solana leads with a market cap of $523.1 million, followed by X Layer and Ethereum at $304.1 million and $165.1 million, respectively. By asset, STRCx ranks first with a market cap of $144.7 million, while MSTRx and CRCLx stand at $124.4 million and $108.4 million, respectively.