Tokenized equity provider Dinari is collaborating with Chainlink to bring a new blockchain focused equities index on-chain, the firm announced on Wednesday.  The S&P Digital Markets 50 Index built by Dinari with the help of index provider S&P Dow Jones Indices—the maintainer of the S&P 500 and the Dow Jones indices—is expected to start before the end of the year.  “By powering the S&P Digital Markets 50 Index, Chainlink is enabling one of the first indexes to operate on-chain with verifiable, real-time inde ...

Company Updates - Kraken Co-CEO @ArjunSethi appeared on Pond Talk this week [1] - Scam PSA: Imposters posing as Kraken recruiters, vigilance advised [1] Product & Service - xStocks brings tokenized equities and ETFs to Telegram [1]

RT xStocks (@xStocksFi)Hello, Telegram.xStocks are now live on @wallet_tg, making trading tokenized equities as easy as sending a message. In your favorite app, in your wallet of choice, in your pocket.This is what investing looks like when it's designed for everyone. https://t.co/XQHzaXNXrL ...

Company Overview - xStocksFi, a leading platform for tokenized stocks and ETFs, is expanding its adoption of Chainlink CCIP and Proof of Reserve [1] Technology and Security - xStocks enhances reserve transparency through Chainlink data and interoperability standards [1] - The platform enables highly secure cross-chain transfers of its tokenized equities [1] Expansion and Interoperability - xStocksFi is expanding across BNB Chain, Ethereum, Solana, and more [1]

Core Insights - Kraken, a US-based cryptocurrency exchange, reported a record revenue of $648 million for Q3 2025, marking a 47% increase from Q2 2025's $303.5 million, with broad-based growth across nearly all products [2][4] - The adjusted EBITDA for the quarter was $178.6 million, reflecting a 124% increase quarter-over-quarter, with margins rising by 9 points to 27.6% [2][3] - Total platform transaction volume reached $561.9 billion, a 23% increase from the previous quarter, while assets on the platform grew to $59.3 billion, a 34% increase [3] Business Expansion - 2025 has been a significant year for Kraken, characterized by rapid expansion and service enhancements contributing to revenue growth [4] - The acquisition of Small Exchange for $100 million, announced on Oct. 16, is expected to facilitate the launch of a US-native derivatives venue and product suite [4] - The launch of xStocks in June, in partnership with Backed, allows Kraken to offer 60 tokenized representations of US stocks to clients outside the US [5]

RT Dave Ripley (@DavidLRipley)Big quarter for @krakenfx on the path to an open, free, and globally connected financial world.Revenue at $648M with +50% QoQ growth and adjusted EBITDA at $179M with +100% QoQ growth.Several product launches, including tokenized equities (xStocks), and more on the way.https://t.co/Ym4eHenC47 ...

Core Insights - Kraken has acquired Small Exchange, a CFTC-licensed Designated Contract Market, for $100 million, enabling the launch of a US-native derivatives venue and product suite [1][2] - This acquisition is part of Kraken's strategy to create a sophisticated onshore trading environment in the US derivatives market [2][4] Group 1: Acquisition Details - The acquisition provides Kraken with the authorization to design and create markets for exchange-listed derivatives in the US [3] - The move is aimed at enhancing scale, transparency, and efficiency within the trading environment [3][4] - Kraken's ownership of a DCM under CFTC oversight allows for the integration of clearing, risk, and matching into a single regulated liquidity system [4] Group 2: Market Impact - The acquisition is expected to reduce fragmentation and lower funding latency in the derivatives market [5] - It offers onshore access and performance comparable to that of offshore markets [5] Group 3: Recent Developments - Kraken has recently launched its "Perps" perpetual trading product, allowing users to invest in cryptocurrency futures [6] - The company also introduced the xStocks service in Europe, enabling clients to trade digital versions of popular equities [7] - These initiatives are part of a broader strategy leading up to a potential IPO in 2026 [7]

Core Insights - The event in Cyprus highlighted the transition of blockchain from the periphery to the mainstream financial system, with Sun Yuchen receiving the "Global Blockchain Visionary Pioneer Award" and showcasing TRON's impressive transaction capabilities [1][3] - TRON's ecosystem is evolving from a mere transfer channel to a comprehensive trading hub, with significant partnerships and integrations enhancing its functionality [3][4] - The focus on "scalable inclusion" emphasizes TRON's commitment to providing financial equality to billions, supported by a decentralized governance model involving major institutions [4][6] Group 1 - TRON's daily transactions have dramatically reduced cross-border remittance fees in the Philippines from 5% to 0.1%, showcasing its practical impact on financial services [3] - The total value locked (TVL) in DeFi on TRON has surpassed $27 billion, indicating its growing relevance in various financial scenarios, including cross-border payments and supply chain finance [3][6] - The integration of TRON with platforms like Kraken and MetaMask allows seamless access for millions of users, enhancing its usability and adoption [3][4] Group 2 - TRON's USDT circulation accounts for a significant portion of the global market, with daily transaction counts exceeding 9 million, reflecting its widespread acceptance [6] - The establishment of T3 FCU, in collaboration with Tether and TRM Labs, has successfully frozen over $250 million in illegal assets, demonstrating TRON's commitment to compliance and trust [6] - Sun Yuchen's vision remains focused on serving the 8 billion people underserved by traditional finance, emphasizing the importance of accessibility and user empowerment [6][9] Group 3 - The underlying technology of TRON, including the Atlas sharding architecture and Andromeda consensus mechanism, ensures fast transaction confirmations, enhancing user experience [4] - The narrative around blockchain is shifting from a theoretical discussion to practical applications, with TRON proving its capabilities through real-world transactions [7][9] - TRON is positioned as a new node in the global financial landscape, facilitating transactions in various regions, including green electricity settlements in the UAE and significant e-commerce payment volumes in Latin America [6][9]

Core Insights - The speech by Sun Yuchen at TOKEN2049 emphasizes that blockchain has seamlessly integrated into daily life, showcasing the evolution of TRON from a blockchain to a global infrastructure [1] - TRON has achieved significant user engagement with 335 million on-chain accounts, 2.9 million daily active users, and a total value locked (TVL) of $27 billion, indicating robust ecosystem vitality [1] - The past two quarters have seen TRON generate nearly $1 billion in quarterly revenue, reflecting the natural growth of its ecosystem rather than a one-time spike [1] Governance and Trust - TRON's Super Representative (SR) system empowers professional institutions like Google Cloud and Kraken to act as network guardians, enhancing trust through secure transaction validation [2] - The governance model is not merely a voting mechanism but builds a protective moat around the ecosystem through institutional trust [2] Strategic Collaborations - TRON's partnerships with Kraken and Backed to create xStocks facilitate seamless stock trading within the TRON ecosystem [4] - Native integration with MetaMask allows millions of users to easily access the TRON network, while collaborations with deBridge enable communication with 25 mainstream blockchains [4] - Chainlink's oracle network serves as a crucial data anchor for DeFi, enhancing user experience by simplifying interactions [4] Educational Initiatives - TRON collaborates with top universities like Harvard and Cornell to provide practical blockchain innovation opportunities for students [5] - Students at Dartmouth and Princeton are actively developing real-world applications using the TRON network, bridging the gap between concept and practice [5] Future Vision - Sun Yuchen's commitment to the future of blockchain is rooted in the contributions of developers, emphasizing that TRON's advancements are grounded in practical applications [7] - The TRON network's architecture supports seamless transactions, making blockchain technology a part of everyday life [7] - The evolution of TRON is characterized by ecosystem coverage, governance trust, and educational engagement, transforming blockchain from a potential to a present reality [7]

Core Insights - Galaxy Digital has launched its crypto trading platform, GalaxyOne, targeting individual investors and aiming to compete with established firms like Coinbase, Kraken, and Robinhood [1][2] Group 1: Platform Features - GalaxyOne offers a "premium" yield of up to 8% Annualized Percentage Yield (APY) for accredited investors and a 4% APY through "GalaxyOne Cash" for others [3] - The platform currently supports trading of three "blue-chip" digital assets: Bitcoin, Ethereum, and Solana [5] Group 2: Market Positioning - Galaxy Digital aims to balance services for both large financial institutions and individual investors with less than $1,000 [4] - The launch of GalaxyOne is part of a broader strategy to penetrate a market dominated by a few key players in the U.S. [2] Group 3: Competitive Landscape - Kraken, a key competitor, recently closed a $100 million funding round to enhance its market position and focus on professional traders and institutions [6] - Kraken has integrated traditional finance with blockchain technology and has made significant acquisitions, including NinjaTrader for $1.5 billion [6]