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X @The Block
The Blockยท 2025-07-08 17:38
The Daily: Trump's Truth Social files for 'Crypto Blue Chip' ETF, Dubai approves tokenized money market fund in RWA push, and more https://t.co/Peqyu2UxFR ...
X @Token Terminal ๐
Token Terminal ๐ยท 2025-07-08 16:13
ICYMI: Tokenized BTC supply on the Internet Computer is at an all-time high. https://t.co/9p1sQVIwIc ...
Robinhood Tokenized Stocks Face Scrutiny From Lithuania Central Bank
ZACKSยท 2025-07-08 15:41
Core Insights - Robinhood Markets, Inc. is under investigation by Lithuania's central bank regarding its newly launched tokenized equity products [1] - The scrutiny follows Robinhood's launch of its Stock Tokens product in the EU, which offers blockchain-based access to shares, including private firms [2] - Lithuania is now Robinhood's primary EU regulator after granting it a brokerage and crypto asset license [2] Regulatory Concerns - The Bank of Lithuania has requested clarifications from Robinhood about the structure of OpenAI and SpaceX stock tokens and related consumer communication [3] - Robinhood defends its tokenized products by stating they are backed by ownership interests for indirect exposure to private markets, but regulators are concerned about transparency and legality [3][7] - Robinhood's expansion into tokenized equities in the EU is expected to face a challenging compliance review, which may have broader regulatory implications [4] Historical Regulatory Issues - Robinhood has faced significant regulatory scrutiny, resulting in fines and restrictions, including a $26 million settlement with FINRA in March 2025 for failing to address misconduct red flags [5] - In January 2025, the company paid a $45 million fine for violating multiple securities law provisions, and in September 2024, it faced a $3.9 million penalty for crypto withdrawal failures [6] - Despite these challenges, Robinhood's shares have increased by 150.8%, significantly outperforming the industry's 21.1% growth this year [6]
X @The Block
The Blockยท 2025-07-08 15:12
Solana treasury firm Upexi's SOL holdings climb above 735,000 as it eyes tokenized equity https://t.co/VksFted5Y9 ...
X @Decrypt
Decryptยท 2025-07-08 15:04
Robinhood CEO Wants 'Thousands' of Private Companies Tokenized on Platformโบ https://t.co/XU9nWqI9ZV https://t.co/XU9nWqI9ZV ...
Robinhood CEO downplays OpenAI concerns on tokenized stock structure
CNBCยท 2025-07-08 13:25
Group 1 - Robinhood's CEO Vlad Tenev stated that the platform's tokenized shares of OpenAI and SpaceX are not technically equity in the companies, which he considers "not entirely relevant" [1][2] - OpenAI expressed concerns regarding Robinhood's stock tokens, clarifying that any transfer of OpenAI equity requires their approval, which was not granted for these tokens [2] - Robinhood claims that its OpenAI stock tokens are backed by the company's ownership stake in a special purpose vehicle, despite not being classified as equity [2]
Blue Gold Limited Forms Advisory Board for Blockchain Evolution; Appoints Industry Veteran T. Jack Williams as First Member
Globenewswireยท 2025-07-08 12:30
NEW YORK, NY, July 08, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the โCompanyโ), a next-generation gold development and technology company, today announced the formation of its inaugural Advisory Board for Blockchain Evolution. The initiative supports Blue Goldโs mission to pioneer the digitization of real-world assets (RWAs), including gold, while responding to the accelerating demand for decentralized financial instruments. The newly established Advisory Board will provide s ...
Upexi, Inc. June 2025 Monthly Update
Globenewswireยท 2025-07-08 12:00
Core Insights - Upexi, Inc. reported a successful June 2025, with an 8% increase in its SOL balance and an 8% staking yield [2][7] - The company is focused on enhancing visibility and raising capital for shareholder benefits through various initiatives [2] Treasury Update - As of June 30, 2025, Upexi held 735,692 SOL, an increase of 8.2% from 679,677 SOL on May 28 [7] - The net asset value of the SOL holdings is approximately $113.8 million, based on a price of $154.74 per SOL [7] - Each common share represents approximately 0.0192 SOL or $2.97 [7] - Nearly all treasury SOL are staked, earning an ~8% yield [7] - About 58% of the portfolio consists of locked SOL purchased at a discount, providing built-in gains [7] Business Initiatives - Upexi's equity options are now listed on Nasdaq, enhancing visibility and liquidity [7] - The company is partnering with Superstate to tokenize its equity, allowing for 24/7 trading and broader investor access [7] - Upexi joined Webull's Corporate Connect Service Platform to increase market awareness among Webull's 24 million users [7] Solana Network Performance - Solana recorded significant growth in key metrics, including a 200% year-over-year increase in daily active addresses [9] - Daily transactions reached $3.0 billion, a 67% increase, while DEX volumes surged by 347% to $182 billion [9] - Application revenue grew by 33% to $147 million [9] Price Movement - SOL started June at $157 and ended nearly unchanged at $155, with a low of $132 on June 22 and a high of $165 on June 10 [8]
X @The Block
The Blockยท 2025-07-08 11:34
Robinhood engages with regulators over tokenized equities: Bloomberg https://t.co/AbXiPUR9i9 ...
X @Token Terminal ๐
Token Terminal ๐ยท 2025-07-08 11:20
RT Token Terminal ๐ (@tokenterminal)ICYMI: @apolloglobal has ~$800 billion in assets under management... and they're tokenizing assets on multiple different blockchains. https://t.co/bWAuhPjeMo ...