Core Insights - Kraken has launched its xStocks product on 360X, a regulated marketplace for secondary trading, enabling transactions of tokenized equities and ETFs paired with stablecoins, enhancing integration between traditional finance and digital assets [1][7] Group 1: xStocks Initiative - The xStocks initiative offers tokenized securities fully backed by actual underlying stocks or ETFs, stored securely to protect against bankruptcy risks, ensuring reliability and transparency [2] - The launch on 360X aims to extend the model to a broader audience, highlighting the potential of tokenized assets to transform investment handling [3] Group 2: Trading Features - Users can trade five specific tokenized assets against stablecoins, providing a stable value anchor in the volatile crypto market, appealing to investors seeking exposure to high-growth sectors [4] - The platform allows for near-instantaneous settlements and 24/7 trading, contrasting with conventional stock exchanges that have limited hours and delays in clearing [5] Group 3: Market Adoption and Impact - Since its debut in May 2025, the xStocks platform has achieved nearly $20 billion in total trading volume, indicating strong market adoption [5] - The initiative positions Kraken as a global leader in transaction amounts and unique token holders, appealing to institutional investors in a regulated environment [6] Group 4: Strategic Collaboration - The partnership between Kraken and Deutsche Börse focuses on enhancing foreign exchange services, secure custody solutions, and the broader adoption of tokenized assets [8] - By leveraging Kraken's crypto expertise and Deutsche Börse's infrastructure, the collaboration aims to create scalable tools for retail and institutional sectors [9] Group 5: Future Developments - Kraken plans to expand the range of available assets in the coming months, potentially including more equities and ETFs, although access is currently limited to clients of Deutsche Börse and registered participants on 360X [10]

Market Innovation - xStocks aims to evolve the market beyond traditional finance (TradFi) onchain solutions [1] - xStocks platform allows users to access stock prices outside of traditional market hours [1] Price Discovery & Accessibility - $TSLA closed at $396 on Friday, while $TSLAx continued trading over the weekend [1] - $TSLAx opened at $423 on Monday, reflecting a price gap of $27 (approximately 6.8%) filled by weekend trading [1]

Event Overview - Bitget is hosting an Onchain Trading Competition for selected tokens [1] - The event period is from August 14, 11:00 AM to August 18, 10:59 AM (UTC) [1] Participation & Registration - Users need to register for the event via the provided link [1] - Trading volume of selected tokens on Bitget Onchain counts after registration [1] Rewards Distribution - Top 1-5 users by volume will each win 100 BGB [1] - Top 6-50 users will each win 50 BGB [1] - Top 51-400 users will each win 20 BGB [1] - Top 401-1425 users will each win 10 BGB [1] Featured Tokens - The competition features trading of tokens like $TSLAx, $NVDAx, $CRCLx, PYTHIA, $KORI, WORTHLESS, 67, and $MOBY [1]

Market Performance - xStocks total volume reaches $2 billion, with over $100 million on-chain [1] User Base - xStocks holder count exceeds 25 thousand [1] - TSLAx leads with over 10 thousand holders [1]