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Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre-IPO Derivatives Race Reaches Four Venues
Bybit and Kraken both launched tokenized SpaceX exposure through the xStocks framework last week, bringing the number of venues offering pre-IPO SpaceX products to at least four. The two additions follow Coinbase International's USDC-settled synthetic pe...
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TradFi & Fintech
Major US Banks Including JPMorgan, Citi and BofA Plan Shared Tokenized Deposit Network
JPMorgan, Citi, Bank of America, Wells Fargo, and more than a dozen peers have announced a joint initiative to put commercial bank deposits onchain, operated by The Clearing House and targeting a first-half 2027 launch.
Markets
BitMine Buys 126,971 ETH for $207M at $1,630 Average as Prices Hit June Low
BitMine Immersion Technologies acquired 126,971 ETH for approximately $207 million last week at an average of $1,630 per token, its largest weekly purchase of 2026, lifting its total treasury to 5.54 million ETH, equal to 4.59% of Ethereum's circulating supply.
Regulation
Over 200 Crypto Firms Urge Senate Vote on CLARITY Act as Galaxy Cuts Passage Odds to 60%
A coalition of more than 200 organizations including Coinbase and Ripple pushed Senate leadership for a floor vote Monday. Galaxy Digital's research head simultaneously lowered his 2026 passage probability by 15 points, citing a shrinking calendar and unresolved ethics provisions.
CeFi & Stablecoins
Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre-IPO Derivatives Race Reaches Four Venues
Bybit and Kraken both launched 1:1 equity-backed SpaceX exposure via xStocks, joining Coinbase International and BitMEX in a four-venue race that now splits between synthetic perpetuals and regulated tokenized equity issued by Backed Assets (JE) Limited.