Morgan Stanley launches Ethereum and Solana spot ETPs

SEC Chair Paul Atkins spoke at a 24-hour trading roundtable today, noting that U.S. capital markets are moving toward a "new day and night" paradigm. Key business and economic events are no longer confined to traditional trading hours, and investors want to adjust their positions more frequently to respond to breaking news. Extending trading hours would not only meet investor demand but also align U.S. trading platforms with overseas markets, attract more global capital, reduce risks accumulated overnight or on weekends, and boost market efficiency. Atkins stated that if registered trading platforms evolve to meet this need, investor protection, global access, and liquidity will all improve. In terms of concrete preparations, he revealed that the Depository Trust & Clearing Corporation (DTCC) has launched a 23/5 trade capture system to support clearing and settlement; the industry has adopted an overnight price range program, and the Securities Information Processor (SIP) initiative is also preparing for overnight price dissemination. He also highlighted operational challenges, such as sourcing securities to support market making when spreads may be wider. Atkins believes tokenization has the potential to help the securities industry achieve real-time inventory management, improve efficiency, reduce settlement failures, lower the risk of abusive naked short selling, and even eliminate it entirely. He also specifically called on issuers to participate in discussions, providing feedback on how 24-hour trading would impact corporate actions, material information disclosures, and EDGAR filing timelines. He emphasized that these efforts are ultimately driven by industry dynamics, competitive forces, and investor interests, and encouraged the public to submit comments.

MicroStrategy founder Michael Saylor stated that the U.S. Securities and Exchange Commission’s (SEC) Innovation Exemption Policy allows eligible trading platforms to offer U.S. investors 24/7 tokenized on-chain transactions, which is undoubtedly a major breakthrough in the fields of digital credit and U.S. capital markets.

World is launching World Money, a financial "super app" encompassing stablecoins, investments, yields, and global payments, supporting over 150 countries. This self-custody application also integrates with Stripe, Kalshi, and Morpho, with higher rewards unlockable via World ID verification.

According to TradingBeats' monitoring, as ZEC surged sharply to break through $1,400, addresses linked to Garrett Jin—agent of the "BTC OG Insider Whale"—are Hyperliquid's largest ZEC short sellers. Their unrealized loss on short positions has now widened to $28 million, with the short positions valued at $53 million. The average entry price of these shorts is $665.85, and their liquidation price is roughly $2,631. Last night, the entity added 5,000 ZEC short positions at $1,252.5 each, worth approximately $6.26 million.

According to Bubblemaps’ monitoring, Circle has completed the minting of 10 billion ARC tokens, distributed to 11 addresses via empty addresses, and the tokens are now real-time traceable on-chain. Early this morning, the team behind Arc – Circle’s public blockchain – announced that ARC token minting is complete, with a total supply of 10 billion. The team stressed that the ARC tokens are not yet listed for circulation, tradable, available for public use, or activated for staking, governance, fees, or utility functions. Per the project’s prior whitepaper, the ARC token allocation plan is: 60% to the ecosystem (token sales, developer grants, network growth); 25% to Circle (protocol development, staking, governance); and 15% to long-term reserves (strategic flexibility and economic stability).

SEC Chair Paul Atkins spoke at a 24-hour trading roundtable today, noting that U.S. capital markets are moving toward a "new day-night cycle." Key business and economic events are no longer limited to traditional trading hours, and investors want to adjust positions more frequently to respond to breaking news. Extending trading hours would not only meet investor demand but also align U.S. trading platforms with overseas markets, attract more global capital, reduce risks accumulated overnight or on weekends, and improve market efficiency. Atkins stated that if registered trading platforms evolve to meet this need, investor protection, global access, and liquidity will all be enhanced. On specific preparations, he revealed the Depository Trust & Clearing Corporation (DTCC) has launched a 23/5 trade capture system to support clearing and settlement; the industry has adopted an overnight price range program, and the Securities Information Processor (SIP) initiative is preparing for overnight price dissemination. He also highlighted operational challenges, such as securing borrowable shares to support market making when spreads may widen. Atkins added that tokenization has the potential to help the securities industry achieve real-time inventory management, boost efficiency, reduce settlement failures, and lower the risk of abusive naked short selling—even eliminating it entirely. Atkins specifically called on issuers to join discussions and provide feedback on how 24-hour trading would impact corporate actions, material disclosures, and EDGAR filing timelines. He emphasized these efforts are ultimately driven by industry dynamics, competitive forces, and investor interests, and encouraged the public to submit comments.