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US-listed Securitize rose nearly 8% at one point, and is partnering with LG CNS to seize South Korea's securities tokenization market.

59 minutes ago

According to BIT (bit.com) market data, security tokenization platform Securitize announced it has signed a memorandum of understanding (MOU) with South Korean tech firm LG CNS to explore products including tokenized funds, stocks, and stablecoins, aiming to drive South Korean financial institutions’ adoption of tokenized assets and digital asset infrastructure. Following the announcement, Securitize (ticker: SECZ) saw its share price jump nearly 8% to around $12.60 in Tuesday’s pre-market trading, though the gain later moderated. Last week, South Korea’s Financial Services Commission (FSC) proposed a regulatory framework for security tokenization, planning to standardize the issuance and circulation of tokenized securities such as stocks, bonds, and funds starting in February 2027. LG CNS concurrently launched a blockchain infrastructure platform to provide support for stablecoins and tokenized securities to banks and financial institutions. Securitize has emerged as a key player in the real-world asset (RWA) tokenization space, where the current market size is approximately $400 billion. As traditional financial institutions accelerate exploration of on-chain stocks, the market value of tokenized stocks has risen 10.6% over the past 30 days, reaching around $3.2 billion. Securitize CEO Carlos Domingo previously stated that even limited mainstream adoption of tokenized stocks could significantly expand the crypto market’s scale.

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Bitmine added another 12,500 ETH to its holdings via BitGo early this morning.

According to Lookonchain’s monitoring, Bitmine—Tom Lee’s Ethereum treasury firm—purchased an additional 12,500 ETH via BitGo roughly 5 hours ago, valued at approximately $33.65 million.

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Bitcoin falls below $85,000

According to HTX market data, Bitcoin has fallen below $85,000, with a 24-hour decline of 0.93%.

7 minutes ago

Storage manufacturer Nanya Technology raises DRAM contract prices again, with the maximum increase possibly reaching 20%.

Beating AI Express: According to Taiwanese media reports, Taiwan-based memory manufacturer Nanya Technology has recently notified customers one after another that it will raise DRAM contract prices again, with the maximum increase possibly reaching 20%. In response to relevant market rumors, Nanya stated that it would not comment on matters related to customer quotations. Industry insiders believe that the new round of price hikes is expected to gradually pass through to the market, boosting Nanya's average selling price (ASP) and profitability. TrendForce forecasts that the overall DRAM market will remain in undersupply in the fourth quarter of 2026, with contract prices for general-purpose DRAM rising by 10% to 15% quarter-on-quarter. Consumer-grade DRAM, due to continuous production cuts by major players and its high reliance on Taiwanese manufacturers for supply, will continue to see upward price momentum. Growing AI computing power demand is continuously boosting demand for server DRAM and HBM, while advanced process production capacity is shifting toward high-performance products, further compressing the supply elasticity of traditional DRAM. Samsung, SK Hynix, and Micron have all recently been expanding or adjusting their DRAM and HBM-related production capacity and packaging layouts. Micron's CEO previously stated that amid sustained demand growth and limited new production capacity, no clear inflection point for DRAM supply-demand balance has been observed yet, and he expects HBM demand growth to remain higher than that of traditional DRAM through 2028.

7 minutes ago

A U.S. representative has introduced a bill to ban candidates from betting on their own election results, but it will not be considered before the 2026 midterm elections.

U.S. Representative Don Davis of North Carolina introduced the "No Betting on Your Own Race Act" this Monday, which would ban federal election candidates, their campaign teams, and their spouses and children from trading or holding "political event contracts" tied to their own elections, to prevent market manipulation, insider trading, and candidates profiting from election outcomes. While the bill does not directly name prediction market platforms like Kalshi and Polymarket, the "political event contracts" it defines explicitly cover such transactions. Violators would face up to $10,000 in civil penalties per offense, or a seizure of three times their potential profits. Earlier, Republican House candidate Laurie Buckhout was banned from Kalshi for three years and fined $2,590 for trading Kalshi event contracts related to her own election, though she faced no civil or criminal charges. As the U.S. Congress is currently in recess until after the November midterm elections, the bill cannot be considered before the 2026 midterms. Currently, Kalshi and Polymarket still offer trading of event contracts related to U.S. elections.

7 minutes ago

CRX Trade Launches Swiss Institutional-Grade Prime Brokerage Platform Connecting Crypto and Wall Street

Swiss digital asset institutional prime brokerage CRX Trade has announced the launch of a new platform that provides hedge funds and trading institutions with a single account connecting crypto markets (including Binance, Bybit, Gate, Hyperliquid, Deribit) and traditional financial markets such as CME Group and Nasdaq. The platform is backed by trading technology from CoinRoutes, enabling institutions to trade across markets using a unified collateral pool. CRX Trade notes that clients can use BTC, stablecoins, and tokenized gold as unified collateral, trade across 10 connected markets, and gain 24/7 market access. It also supports algorithmically consolidating trades from different exchanges into a single order, with asset segregation via independent institutional wallets that separate trading and withdrawal permissions. The platform is open to professional and institutional clients. CoinRoutes has cumulatively processed over $700 billion in notional trading volume and supports products including xStocks tokenized equities and Deribit options. CRX Trade is operated by Zug, Switzerland-based RAS Capital GmbH, a member of self-regulatory body VQF; the platform does not provide lending, with financing sourced from independent third-party lenders.

7 minutes ago

Pump.fun has offloaded an additional 102,400 SOL, bringing its total sales to 5.348 million SOL and netting approximately $861 million in proceeds.

According to Lookonchain monitoring, Pump.fun sold an additional 102,495 SOL tokens 8 hours ago, valued at roughly $12.41 million. Data indicates that Pump.fun has cumulatively sold 5,347,925 SOL tokens, totaling about $861 million in value, at an average selling price of approximately $161 per token. The current price of SOL stands at around $120.07.

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