Market Trends & Investment Opportunities - Crypto market shows signs of recovery after last week's sell-off, with Bitcoin surpassing $87,000 and Ether rising to $2,863 [2] - Stable coins now constitute 9% of crypto's total market cap, marking a two-year high, driven by factors like clearer regulations and rising institutional interest [2][3] - Investors are increasingly turning to stable coins as a hedge against market volatility, signaling a risk-off approach in the crypto space [3][4] - NASDAQ filed with the SEC to allow for the trading of tokenized stocks and ETPs, aiming to bridge the digital asset world with traditional finance [8][9][11] Regulatory Landscape & Tax Implications - The Genius Act stable coin bill was signed into law, representing the first major crypto regulation in the US [4] - New IRS recordkeeping rules require brokerages to send a 1099-DA form, reporting gross proceeds from crypto sales, with stricter reporting requirements coming in 2026 [5] NASDAQ's Digital Asset Initiatives - NASDAQ aims to integrate tokenized assets into current market structures, arguing that existing securities laws will apply [15] - NASDAQ emphasizes that trading tokenized assets will initially maintain the same order book and investor protections as traditional assets [17][19] - NASDAQ highlights the potential for improved efficiency, enhanced audit trails, and eventually 24/7 trading with tokenized assets [21] - NASDAQ offers spot Bitcoin ETFs, spot Ether ETFs, and altcoin ETFs like Litecoin and Hideera, adhering to its listing rules [27][28] Tokenization Benefits - Tokenization offers near-term process efficiencies on the post-trade side, potentially leading to faster settlement [22] - Tokenization enhances collateral mobility, allowing for more efficient capital use and reducing the need for overcollateralization [23][24] - Tokenization can bring enhanced utility to assets beyond trading, including better access for proxy and improvements in corporate actions [25][26]

Crypto ETFs & Staking - Grayscale launched the first U_S_-listed spot crypto ETFs that enable staking [1] - The ETFs include the Ethereum Mini Trust ETF ($ETH) and Ethereum Trust ETF ($ETHE) [1] - Grayscale's Solana Trust ($GSOL) has also enabled staking, pending regulatory approval for uplisting to a spot Solana ETP [1]