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Kraken will allow its users to subscribe to the IPO of sandwich chain brand Jersey Mike's via its xStocks platform.

58 minutes ago

According to official announcements, xStocks – the tokenized stock platform under Kraken’s parent company Payward – stated that following SpaceX and Bending Spoons, the third IPO offering on xStocks will be U.S. sandwich chain Jersey Mike’s. The brand currently operates over 3,300 locations, with annual sales reaching $4.3 billion. Its U.S. sales outpace Five Guys, and it is poised to become one of the largest restaurant industry IPOs in recent years. Users can submit subscription applications via Kraken.

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Morgan Stanley launches Ethereum and Solana spot ETPs

According to The Wall Street Journal, Morgan Stanley Investment Management today announced the launch of two new Exchange-Traded Products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each product is designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchains respectively. The launch of MSSE and MSOL marks Morgan Stanley’s further expansion of its crypto asset investment product portfolio, providing institutional and individual investors with additional avenues to participate in the digital asset market via traditional financial channels.

4 minutes ago

BlackRock transferred 158.57 BTC and 4.49 ETH to Coinbase Prime.

According to monitoring by Onchain Lens, BlackRock transferred approximately $10.07 million in assets from its ETF wallet, with 158.57 BTC (valued at around $10.06 million) and 4.49 ETH (worth roughly $8,500) moved to the Coinbase Prime wallet.

4 minutes ago

Trump: New tariffs will not harm the economy

US President Donald Trump stated that the new tariffs will not harm the economy.

4 minutes ago

AI startup Dwelly secures $170 million in funding, unveils real estate industry consolidation strategy.

According to Bloomberg, UK-based startup Dwelly has secured $170 million in funding to acquire more real estate firms and integrate artificial intelligence (AI) into its business operations. Dwelly said Tuesday that the round was led by EQT Growth and General Catalyst, comprising $95 million in equity financing and a $75 million debt facility provided by Trinity Capital. The company did not disclose its post-money valuation.

4 minutes ago

Semiconductor sector dominates pre-market US stock ETF trading volume rankings, with SOXL topping the list.

Bloomberg senior ETF analyst Eric Balchunas noted in a post that his statistics reveal 10 of the top 15 ETFs by pre-market trading volume on US equities are semiconductor-related, with SOXL leading the pack. In comparison, 5 of the top 10 ETFs by yesterday’s trading volume were semiconductor ETFs. ETF trading volume is typically linked to market panic, though historically it often signals the market is approaching a cyclical bottom.

4 minutes ago

Visa plans to lay off approximately 2,600 employees, accounting for around 7% of its total workforce.

According to Bloomberg, Visa is cutting approximately 2,600 jobs. CEO Ryan McInerney said the move is designed to boost the company’s efficiency to adapt to the increasingly competitive payments sector. In an internal memo to staff on Tuesday, McInerney stated that the layoffs account for roughly 7% of Visa’s total workforce, primarily affecting its technology and product teams.

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