Backpack Enters Strategic Cooperation with South Korea’s SK Securities, Will Open South Korean Stock Trading to Qualified Investors
Backpack has announced a strategic partnership with South Korea’s SK Securities, with plans to provide eligible investors access to South Korean stock trading via the Backpack app. The collaboration leverages SK Securities’ institutional capabilities in South Korea’s capital markets and Backpack’s global reach. Backpack stated that this move builds on its existing U.S. equities securities platform, while also laying the groundwork for collaboration in the tokenized securities and real-world assets sectors, aiming to connect mature capital markets with blockchain financial infrastructure.
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A crypto whale added to its short bets on GOOGL, with the additional short amounting to $8.63 million, bringing its total position to around $11.22 million.
According to TradingBeats monitoring, as Google (GOOGL) plunged 13.7% to its largest single-day drop in history, a whale address (0xfe7c…b7ae) added $8.63 million in short positions on GOOGL via Hyperliquid 10 minutes ago, bringing its total position to around $11.22 million. GOOGL has since fallen further to $293.23, with the whale’s unrealized profit expanding from $34,000 to $190,000. The short position was first opened at $296.57 during this morning’s U.S. after-hours trading, with an initial $2.05 million position, followed by a $680,000 add, marking this as the third position increase.
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Ondo Smart Portfolios launches on Solana, featuring three BlackRock strategy portfolios.
Ondo Finance announced that its Intelligent Portfolios have launched on Solana, open to eligible non-U.S. investors. All seven portfolios are offered as single on-chain transferable tokens, spanning yield, growth, and theme exposures. Three of the portfolios are based on strategies developed by BlackRock for Ondo: high-yield BLKHIon, high-growth BLKGRWon, and diversified growth BLKDIGon. The remaining four were designed by Ondo, including MAG7Xon, BRAINon, YLD5on, and YLD8on. Approximately four weeks after launch, the total value locked (TVL) of these portfolios on Ethereum and BNB Chain has exceeded $40 million. Ondo noted that its tokenized assets on Solana now hold over $500 million in TVL, with transparent portfolio holdings and programmatic rebalancing, eliminating the need for investors to manage a basket of underlying assets themselves.
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Google’s stock dropped 13.7%, logging its largest single-day percentage decline in history, with Warren Buffett’s estimated unrealized loss standing at roughly $3.2 billion.
According to data from the BIT Stock Platform, Google’s stock price has extended its decline to 13.7%, marking its largest single-day drop in history, and is currently trading at $279.6. Based on Berkshire Hathaway’s 13F filing as of June 30, 2026, it holds 78,791,167 Class A GOOGL shares and 27,188,433 Class C GOOG shares, totaling approximately 106 million shares. At current prices, this holding is valued at around $29.6 billion, a decrease of roughly $8.2 billion from the $37.8 billion reported at the end of the prior quarter. Additionally, Berkshire’s public data does not disclose an exact average cost for the stake. Market estimates put the overall average cost above $300, with some analysts placing it near $310 to $320. Using an average price of $310, the holding would show an unrealized loss of approximately $3.2 billion; at $300, the loss would be around $2.2 billion. Earlier, Warren Buffett himself confirmed that this investment was initiated by him and is now being executed by the team of new CEO Greg Abel. Separately, Berkshire Hathaway’s third-quarter 13F filing is expected to be released in mid-November.
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Walmart, Eli Lilly and others oppose OKXICE's tokenized stock plan, bringing the total number of opposing companies to 38.
Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have joined the list of opponents to the tokenized stock trading plan of OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. An updated announcement shows that the number of companies that have filed objections has reached 38, more than half of the 62 firms originally on the proposed list. The plan relies on the U.S. Securities and Exchange Commission (SEC)’s "innovation exemption" framework. Under the framework, when tokenizing shares via an unaffiliated third party, the trading venue must notify the issuer and grant a 30-day objection period; if no objection is raised, the trading can proceed, and there is no mechanism to withdraw consent afterward. JPMorgan Chase has also expressed opposition, with a spokesperson noting that the firm is not participating at this stage but does not rule out future opportunities.
6 minutes ago
PhotonPay announces completion of $40 million Series C funding round, led by Blockchain Capital.
Hong Kong fintech firm PhotonPay announced it has closed a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and existing backers IDG Capital, GL Ventures and Lightspeed Faction joining as follow-on investors. The capital will be used to expand its stablecoin-centric financial operating system, enhance multi-asset wallet, global card issuance and local clearing capabilities, and advance the financial execution layer for AI agents. As of August 2026, the company’s annualized transaction volume reached $65 billion, having obtained 34 payment and financial licenses or authorizations across the Americas, Europe and Asia, serving over 200,000 enterprise clients and covering more than 200 countries and regions.
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