Stock Market

Vlad Tenev's problem with the SEC's innovation exemption now has a date to it. The order runs through September 17, 2031, and the Commission can modify it. On the Q3 earnings call, Tenev said the uncertainty could keep investors from putting major assets into tokenized markets.

Apart from coinbase and circle, Galaxy Digital dropped about 8% and Gemini lost 7%. Robinhood was down around 3%. The miners weren't spared either, with Riot falling about 5% and several other major mining stocks down between 3% and 4%.

Gold is currently owning the spotlight as it pushed higher again on Tuesday, trading near $4,080 an ounce it's highest reach since June 2022, this happened after investors weighed diplomatic movement on reopening the Strait of Hormuz

South Korea’s major crypto exchanges have witnessed their trading activity go downhill over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, analysis shows.

Polymarket's turbulent June just reached a new low on Thursday when the prediction market confirmed that a compromised third-party vendor allowed attackers to add malicious JavaScript into its frontend, draining an estimated $2.94 million from at least 11 user wallets in a single morning.