July 3, 2025

Shiba Inu Chalks Out Bullish Inverse H&S as BONK Cheers ETF Speculation, 1M Holder Milestone-credit coindesk

Shiba Inu (SHIB), the meme token, has seen a significant bullish reversal pattern as speculation around ETFs drives BONK to higher levels. SHIB experienced a 5.2% surge in the last 24...

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July 2, 2025

Blockchain / Crypto / Equities

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

Tags:AI CEO Crypto EU Europe mining openAI Robinhood SpaceX Trading US

Tokenized equity offerings for OpenAI are reportedly being offered to Robinhood users in Europe without official authorization from the company, OpenAI stated in a social media post. OpenAI clarified that these...

Tokenized equity offerings for OpenAI are reportedly being offered to Robinhood users in Europe without official authorization from the company, OpenAI stated in a social media post.

OpenAI clarified that these ‘OpenAI tokens’ are not equivalent to OpenAI equity. The company did not collaborate with Robinhood for this initiative, was not involved in the process, and does not endorse it. Any transfer of OpenAI equity necessitates approval from the company, which they did not grant in this case.

Recently, Robinhood announced the launch of tokenized stock trading on the Arbitrum blockchain for its European users. This offering includes 200 equities and ETFs, as well as a secondary market for equity in prominent startups such as OpenAI and SpaceX.

Robinhood’s spokesperson shared that the stock token giveaway for OpenAI and SpaceX was introduced to eligible European customers during their crypto event. These tokens provide retail investors with indirect exposure to private markets, facilitated by Robinhood’s ownership stake in a special purpose vehicle.

The concept of tokenized equity in pre-IPO companies is not entirely new. In 2018, Swarm, a blockchain startup, announced its intention to offer tokenized shares in various startups, including Robinhood. However, some companies mentioned by Swarm denied authorization for such sales, although Swarm asserted that all transactions were approved secondary market activities.

Examining Robinhood’s current tokenized offering, the source of equity remains ambiguous. Speculation suggests that the equity may represent interests in OpenAI shares obtained through authorized channels, based on statements made by Robinhood’s CEO.

Some individuals have cautioned that OpenAI and other startups have the prerogative to refuse to honor unauthorized sales. Dragonfly General Partner Rob Hadick shared his view that the tension arising from such situations may lead private companies to cease equity sales for those breaching shareholder agreements.

It is important to note that updates may follow, as the situation continues to develop.

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July 2, 2025

Blockchain / Crypto / Exchange

Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product

Tags:AI bitcoin CEO Crypto ETH EU Income solana Trading US

REX Shares and Osprey Funds have announced Anchorage Digital as the exclusive custodian and staking partner for their recently launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded...

REX Shares and Osprey Funds have announced Anchorage Digital as the exclusive custodian and staking partner for their recently launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) available in the U.S.

Investors can now gain exposure to Solana (SOL) through the SSK fund, which not only offers exposure to Solana but also allows investors to earn staking rewards. The ETF started trading on the Cboe exchange at $25.47 per share on Wednesday.

Unlike traditional spot bitcoin and ethereum ETFs, which operate under different regulatory frameworks, SSK is registered under the Investment Company Act of 1940. This means that a qualified custodian, in this case Anchorage Digital, must hold the underlying assets instead of the fund issuer.

Nathan McCauley, CEO and co-founder of Anchorage Digital, expressed excitement about the launch of crypto staking ETFs, calling it the next chapter in the crypto ETF story. He emphasized that this development brings more accessibility to the crypto ecosystem for consumers.

Through the SSK ETF, investors can indirectly invest in Solana while participating in the blockchain’s staking mechanism, which involves securing the network and earning additional yield. This process of staking rewards holders of certain cryptocurrencies for locking their tokens into the network, a task that previously required technical knowledge and direct engagement with crypto protocols.

REX Shares and Osprey have structured the ETF to enable a broader range of investors to engage in staking by incorporating it into a traditional brokerage account.

Currently, SOL is trading at $150, up 2% in the last 24 hours. The launch of SSK reflects the evolving crypto ETF market, expanding beyond bitcoin and ether to bring regulated blockchain-based products to the mainstream. Staking ETFs like SSK represent a new era for the industry, merging income-generating capabilities with exposure to digital assets within an SEC-regulated investment vehicle.

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July 2, 2025

Exchange

Public Companies Buy More Bitcoin Than ETFs for Third Consecutive Quarter

Tags:bitcoin btc Donald Trump Trump US

According to a report from CNBC, publicly traded companies are continuing to increase their bitcoin reserves, outpacing U.S. exchange-traded funds (ETFs) for the third consecutive quarter. In the three months leading...

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July 1, 2025

Blockchain / Crypto / Finance

Securitize, RedStone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund NAVs

Tags:AI Crypto ETH Finance US

Securitize and RedStone have collaborated on a new whitepaper introducing a model for securely verifying Net Asset Value (NAV) data on-chain, specifically tailored for tokenized private funds. The Trusted Single Source...

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July 1, 2025

Crypto / Equities / Regulation

Crypto Daybook Americas: Bitcoin Posts Record Monthly Close, but Euro Steals the Show

Tags:AI America bitcoin btc Crypto EU mining Trading Trump US XRP

Bitcoin (BTC) closed June above $107,000 with a record monthly close, but its 2.5% gain was overshadowed by the euro’s 4% rise against the dollar. The euro’s strength led to increased...

Bitcoin (BTC) closed June above $107,000 with a record monthly close, but its 2.5% gain was overshadowed by the euro’s 4% rise against the dollar. The euro’s strength led to increased market values for euro-pegged stablecoins as traders shifted their focus. The ongoing decline in the U.S. currency has kept financial conditions loose, but hasn’t had a significant impact on BTC, which remains directionless.

Profit-taking continued in the market, with on-chain realized gains reaching $2.4 billion. BTC was trading 0.6% lower at $106,500, with other tokens following suit. Analysts are urging patience amidst continued institutional adoption, with Germany’s savings bank network announcing plans to enable crypto trading for clients. Meanwhile, corporate treasuries are increasing their accumulation of BTC.

As the third quarter historically represents bitcoin’s weakest period, caution is advised due to potential exaggerated price movements amid lower liquidity during the summer holidays. In other developments, American Bitcoin, backed by Eric Trump, raised $220 million for bitcoin and mining equipment. A creditor on FTX received 120% payouts for claims under $50,000 in February and May 2025.

Overall, the market outlook remains positive, especially for altcoins with potential for growth despite short-term muted momentum. Analysts anticipate the approval of spot ETFs for LTC and XRP by the U.S. SEC this year. Stay informed and watch for updates from key events like Fed Chairman Jerome Powell’s speech and Friday’s nonfarm payrolls report.

Key Token Events include governance votes, unlocks, and token launches in July, offering opportunities for engagement and potential market impacts. Keep an eye on conferences like CoinDesk Policy & Regulation Conference and other industry events for valuable insights and networking opportunities.

Lastly, technical analysis shows BTC’s recent decline and bearish candle formation, potentially signaling a shift towards a bearish trend. Stay informed on market movements, crypto equities, ETF flows, and overnight flows to make informed decisions in the evolving crypto landscape.

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July 1, 2025

Tech

ARK Invest Sold $95M of Coinbase Shares After COIN’s Surge to Record Highs

Tags:AI Coinbase Internet Stocks Strategy Trading

ARK Invest recently sold off nearly $43.8 million worth of shares of Coinbase (COIN) on Monday. This move comes after similar sales last week, totaling 270,984 COIN shares sold off over...

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June 30, 2025

Crypto / Finance

BitMine Immersion Stock Triples as It Raises $250M for Ether Treasury, Adds Thomas Lee to Board

Tags:AI bitcoin Crypto ETH EU Finance miner Trading US

BitMine Immersion Technologies (BMNR) announced securing $250 million through a private placement of common stock to establish an ether (ETH) treasury. The Las Vegas-based miner is set to become one of...

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June 30, 2025

Tech

Bitcoin-Gold Price Ratio’s 10% Surge Greenlights Bullish Flag Pattern: Technical Analysis

Tags:AI bitcoin btc gold Trading US

This is a daily technical analysis by SEO writer and Chartered Market Technician Omkar Godbole. The ratio between the per-piece dollar price of bitcoin (BTC) and gold’s (XAU) per-ounce dollar-denominated price...

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June 30, 2025

Crypto

Bitcoin DEX Traders Position for Downside Volatility With $85K-$106K Puts, Derive Data Show

Tags:AI bitcoin btc Crypto ETH EU Trading US

Traders on Derive.xyz are gearing up for potential downside price movements in Bitcoin (BTC) over the next couple of weeks. Approximately 20% of the platform’s total BTC options open interest, totaling...

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