xStocks just landed on Kraken Web 🌍Trade tokenized equities like Strategy ($MSTRx), Tesla ($TSLAx) & 60+ others, right alongside your crypto.Explore now 👇https://t.co/00j7vlT719 https://t.co/cfml0Mk2zl ...

RT Solana (@solana)While Wall Street closes, Solana never sleeps.Superstate’s Opening Bell platform brings SEC-registered tokenized equities to Solana, starting with Galaxy 🔔 https://t.co/u64aCgg6E1 ...

While Wall Street closes, Solana never sleeps.Superstate’s Opening Bell platform brings SEC-registered tokenized equities to Solana, starting with Galaxy 🔔 https://t.co/u64aCgg6E1 ...

Project Launch - xStocks 将登陆以太坊主网 [1] - 以太坊是全球最大、最知名的区块链之一 [1] Ethereum Network Overview - 以太坊网络拥有超过 5000 亿美元的资产 [1] - 以太坊网络拥有数百万用户和数千个应用程序 [1] xStocks Positioning - xStocks 是代币化股票的标准 [1] - xStocks 将走向全球 [1]

Tokenized Equities - TRON DAO 进入代币化股票市场 [1] - Kraken 和 BackedFi 将 xStocks 带入 TRC20 网络 [1] Cryptocurrency and Blockchain - 该事件的重要性值得关注 [1]

RT BSCN (@BSCNews)🚀 @trondao enters the tokenized equities race!@krakenfx and @BackedFi are bringing xStocks to the TRC20 network. Here’s why it matters 👇https://t.co/boyV9oAblD ...

🚀 @trondao enters the tokenized equities race!@krakenfx and @BackedFi are bringing xStocks to the TRC20 network. Here’s why it matters 👇https://t.co/boyV9oAblD ...

Product Launch - Bitget launches RWA Index Perpetual Contracts tied to tokenized equities like TSLA, NVDA, and CRCL [1] - The products offer up to 10x leverage, mirroring crypto perpetuals [1] Market Impact - The launch provides traders a new way to speculate on tokenized real-world assets [1] - The initiative aims to expand the bridge between traditional equities and DeFi [1]

Tokenized Equities & Regulatory Environment - Securitize's President discusses the rise of tokenized equities and the impact of the shifting regulatory environment in the U S [1] - Regulatory interest in security tokens is a key factor influencing the market [1] - The White House Digital Asset Report has implications for the industry [1] Tokenization & Market Potential - Vision for tokenized equities is being explored [1] - Demand for tokenized treasuries is present [1] - The path to one trillion in tokenized securities is a long-term goal [1] Elixir & Integration - Hamilton Lane integration with Elixir is noteworthy [1] Bitcoin ETFs & Systemic Risk - Reflections on Grayscale Bitcoin ETF are shared [1] - Discussion on SEC and in-kind redemption related to Bitcoin ETFs [1] - Systemic risk of Bitcoin treasury companies is considered [1]

Financial Data and Key Metrics Changes - Total revenue for the quarter was $1.5 billion, with a positive adjusted EBITDA of $512 million [4][14] - Net income was reported at $1.4 billion, which included a $307 million expense from a data theft incident and a $1.5 billion unrealized gain on strategic investments [21][22] - Adjusted net income was $33 million, reflecting the exclusion of certain gains and losses [22] Business Line Data and Key Metrics Changes - Consumer spot trading volume decreased by 45% to $43 billion, while consumer trading revenue fell by 41% to $650 million [17][19] - Institutional spot trading volume was $194 billion, down 38%, with institutional transaction revenue also declining by 38% to $61 million [18] - Subscriptions and services revenue reached $656 million, with growth in USDC, staking, and custody assets [19] Market Data and Key Metrics Changes - Crypto asset volatility declined by 16%, with Bitcoin's average price increasing by 6%, while non-Bitcoin asset market cap decreased by 11% [15] - Total trading volume dropped by 40%, influenced by a strategic price change in stable pairs [16] Company Strategy and Development Direction - The company aims to become the leading financial services platform globally, focusing on trading, custody, payments, and more [5][10] - The "Everything Exchange" concept is being developed to facilitate trading across all asset classes on crypto rails, with plans to integrate decentralized exchanges into the Coinbase app [6][8] - The company is also expanding its payment solutions, emphasizing stablecoin payments as a significant growth area [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted that regulatory clarity is improving, which is expected to enhance the adoption of crypto solutions [12] - The outlook for Q3 is positive, with July transaction revenue estimated at $360 million and subscription revenue projected to increase by approximately 8% quarter over quarter [23] Other Important Information - The company has over 240 businesses utilizing its crypto as a service capabilities, including partnerships with major financial institutions [11][38] - A significant focus is placed on enhancing customer service and security measures following a data breach incident [102][105] Q&A Session Summary Question: How does Coinbase plan to implement tokenized securities? - Management expressed excitement about tokenized securities, highlighting the potential for global distribution and real-time settlement [25][27] Question: What is the projected growth for the Base app? - The Base app is in beta with a waitlist of 700,000 users, aiming to create a super app for decentralized identity and content monetization [31][33] Question: What are the strategic goals behind the partnership with PNC Bank? - The partnership aims to expand market access for companies entering crypto, leveraging Coinbase's infrastructure as a service [37][38] Question: How does Coinbase view its role in the payments landscape? - Coinbase is not directly competing with Visa and Mastercard but is focused on providing decentralized payment solutions that lower costs for businesses [52][56] Question: What are the economics behind adding decentralized exchanges to the platform? - Monetization will occur through trading fees at the brokerage layer, with potential additional revenue from sequencer fees on decentralized exchanges [92][93]