The SEC is advancing an “innovation exemption” that could allow tokenized stocks to trade on blockchains around the clock, with near-instant settlement.
This could be the bridge between Wall Street and crypto — bringing traditional equities into the always-on financial system.
Is 24/7 tokenized stock trading the next major step for crypto adoption? 👀
- 🇺🇸The White House is set to host a major crypto meeting Wednesday, with Trump, the SEC and CFTC chairs, and executives from Coinbase, Ripple and Kalshi expected.
- FOMC minutes land Wednesday, with markets pricing less than a 40% chance of a September hike.
- 🇯🇵 Japan reports GDP Monday and CPI Friday, the two key tests before a BOJ hike that Reuters reports could come as soon as September.
Monday Aug 17 - Japan Q2 GDP - US Treasury flows data, showing whether Japan cut its massive Treasury holdings again in June
Tuesday Aug 18 - US Housing Starts and Industrial Production
Wednesday Aug 19 - FOMC Minutes - White House crypto meeting - UK CPI
Thursday Aug 20 - CFTC's first Innovation Advisory Committee meeting on crypto and prediction markets - Philadelphia Fed Index
🚨SHOCKING: Hong Kong's first licensed stablecoin failed a security review just two days after launching.
Blockchain security firm BlockSec found a single key can mint, freeze, and force burn the HKD-pegged HKDAP, calling the contract "not production-ready."
The token is issued by Anchorpoint, the Standard Chartered venture with HKT and Animoca Brands, with BlockSec saying its design breaks Hong Kong regulators' own rules.
Bitcoin supply in profit is currently at one of its lowest levels.
The last time around 9 million BTC were in profit, Bitcoin was trading near $20K. From there, BTC eventually rallied to $70K.
Not saying the same thing will happen immediately, but it’s interesting to look at what happened the last time Bitcoin’s supply was at a similar level of loss.