The crypto market is buzzing all around the globe. In Europe, there will be xStocks available in the market after Kraken expands its radius. In India, the regulators have taken a half-guard stance on crypto regulation, while in the US, the SEC delays the approval of ETFs.
Kraken Expands to Europe
One of the world’s largest crypto exchanges, Kraken, is broadening its reach. The platform will now offer xStocks—tokenized U.S. stocks and ETFs—to customers in Europe, as global demand for tokenized equities continues to heat up. Kraken’s global head of consumer, Mark Greenberg, said: “Expanding xStocks to the European Union was a natural next step for Kraken, given our dedicated growth strategy and market presence here,”.
MYX Finance Skyrockets by 1,400% within 7 days
MYX Finance lit up the charts this week. Its token surged by more than 1,400% after topping Binance Alpha’s list of best-performing airdrops and token generation events.
MYX Finance started to rally after it announced the listing of WLFI token, which is associated with Donald Trump and his family.
Gemini Targets $3 Billion IPO
In traditional markets, Gemini is setting the stage for its Wall Street debut. The exchange has raised its IPO price range from $17-$19 to $24-$26 a share, pushing its valuation above $3 billion ahead of Friday’s launch.
Metaplanet Goes All-In on Bitcoin
Over in Tokyo, Metaplanet is doubling down on crypto. The firm closed a $1.45 billion share sale, with a massive $1.39 billion allocated entirely for Bitcoin purchases—cementing one of the boldest corporate bets on the digital asset. In addition, the firm set aside $1.25 billion for purchases and $139 million for income-generation operations, according to a notice.
Polygon Faces Technical Snag
Polygon ran into some turbulence. The network faced consensus finality issues after a bug disrupted its Bor and Erigon nodes, temporarily affecting RPC services and reminding traders of the risks of network hiccups. However, some nodes started to work after it was switched off and back on. “We see that a restart of nodes has fixed the issues for many validators and RPC providers,” stated Polygon.
U.S SEC postpones approving crypto ETFs
The U.S SEC (Securities and Exchange Commission) postponed the approval of two crypto ETFs. The commission delayed NYSE Arca’s application to list the Bitwise Dogecoin, Dogecoin ETF, which was filed in March. In addition, the SEC also stretched its review period for Grayscale’s Hedera (HBAR) ETF filing, giving both the products the same November deadline. The official letter read, “The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Binance’s stablecoin reserve reaches a new all-time high. What does this mean?
Binance’s stablecoin reserve reached its new all-time high. With the latest addition of $6.2 billion, Binance’s net stablecoin inflows have reached at least $39 billion, as it nears the $40 billion threshold. This spike in stablecoin comes just a week before the Federal Open Market Committee meeting, where the interest rates will be announced. Usually, when stablecoins flow into exchanges, it means that traders are gearing up for a buying frenzy.
India won’t introduce comprehensive legislation
India will maintain a partial overview of the crypto market, as a fully fledged legislation could create systemic issues, fragmenting the national payment system.
Evaluating the outcomes of integrating digital assets into the mainstream financial system, an official letter read, “regulating cryptocurrencies would grant them legitimacy and may cause the sector to become systemic,” while a full ban wouldn’t be futile, as it would not prevent peer-to-peer trades or activity on decentralized exchanges.
Spanish banking group BBVA partners with Ripple
Spanish banking group BBVA teamed up with Ripple to provide Spanish retailers with digital asset custody services. Based on the terms of agreement, BBVA will use Ripple’s institutional-grade digital asset self-custody platform to store cryptocurrencies.
From Europe’s embrace of tokenized stocks to India’s cautious half-guard approach and the U.S. SEC’s continued delays on ETFs, it’s clear the crypto landscape is evolving at very different speeds across the globe. While some regions push forward with innovation, others tread carefully, reminding us that the future of digital assets will be shaped not by a single market, but by a mosaic of regulatory choices and investor sentiment worldwide.
