OKX, NYSE parent file to launch tokenized US stock platform

An OKX joint venture has filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform.  OKXICE LLC, a joint venture between cryptocurrency exchange operator OKX and New York Stock Exchange parent Intercontinental Exchange Inc., has notified the SEC that it intends to launch a tokenized securities venue (TSV) under the SECs new innovation exemption.  The platform will include more than 60 companies listed on US stock exchanges, said OKXICE co-chair Andrew Cuomo.  “The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next,” he added.  A public notice dated Oct. 4 lists 63 proposed stock symbols, including Nvidia, Apple, Microsoft and Tesla, alongside crypto companies such as Strategy, Coinbase, Circle and Bitgo.  The OKXICE platform plans to operate 24 hours a day, seven days a week, using permissioned Uniswap v4 liquidity pools deployed on XLayer. Each tokenized stock would be paired with USDC (USDC), Global Dollar (USDG) or USDt (USDT).  OKX and Intercontinental Exchange formed a 50-50 joint venture in June to build infrastructure for tokenized financial products.  In September, the SEC issued a temporary exemption allowing limited trading of tokenized US stocks on certain onchain venues. Under the innovation exemption, TSVs can offer permissioned

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Bitcoin Faces Make-or-Break Resistance at $87,200

There is a very important level coming up for the top cryptocurrency. This could be the key to either making or breaking a potential breakout for the most recent bounce. On the other hand, it could also just be the next consolidation spot.  Some analysts are pointing out a key resistance level to watch for at $87,200, which could be important for Bitcoin bulls.  Interestingly enough, the $87,200 level seems to coincide with some previous local high levels for Bitcoin.  Bitcoins horizontal resistance level is around $86,984. The previous intraday wicks tend to go up to around the $87,200-$87,300 level.  Bitcoin is trading at $85,468 at the moment, according to CoinGecko.  Notably, this test of the resistance level comes just days after Bitcoin broke above the $87,000 level after some surprisingly poor U.S. employment figures. U.S. jobs only grew by 29,000 for the month of September. The unemployment rate also climbed to 4.2%. Bitcoin managed to hold on to the gains just under the $87,000 level after the news.  The importance of the level  The bulls have failed several times to get a sustained breakout above the $87,000/$87,200 level.  Bitcoin did break above from the low $82,000s to the $87,200 area in late September. There was then a

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Zcash NU7 goes live on testnet with 25 second blocks

Zcash has activated its NU7 network upgrade on testnet at block 4,465,026, putting its planned 25 second blocks and new fee mechanism into live testing ahead of a targeted Nov. 5 mainnet rollout.  According to Zcash testnet block data, the activation block was mined on Oct. 4 at 18:21:45 UTC, earlier than the roughly Oct. 6 timing developers had previously estimated. Zcash later confirmed that NU7 was live on testnet.  Testing now gives developers several weeks to observe the protocol changes before deciding whether the same upgrade should move to the main network. A final decision is scheduled for Oct. 20, when developers are expected to determine the mainnet activation height based on the testnet results.  Mainnet activation remains targeted for Nov. 5 and has not yet been finalized.  Zcash NU7 begins testing with 25 second blocks  NU7 would cut Zcashs target block spacing from 75 seconds to 25 seconds, allowing the network to produce roughly three blocks during the period currently targeted for one.  Zcash Foundation said in its Oct. 2 release of Zebra 7.0.0-rc.0 that the shorter interval would reduce the average wait for a first confirmation from 75 seconds to 25 seconds. Testnet operators were encouraged to run the release candidate and test

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Google Gemini cited in $69K crypto scam report

Google Gemini has been cited in a crypto investigators report alleging that Tronify.rent took $69,651 from roughly 80 victims during September after at least one user said the AI service had described the website as safe.  JP, founder of IOC Investigations, said the TRON-focused website received funds from victims through several addresses and claimed a victim had asked Gemini whether the service was legitimate before interacting with it. His Oct. 4 post listed 12 TRON addresses that he associated with the operation.  SOMEHOW, this scammer was able to get Googles Gemini to recommend his fake website and steal $69,651 – IN ONE MONTH!  About 80 people fell victim to Tronify dot rent last month. According to a victim report, Gemini even confirmed that it was a safe website!  The $69,651 figure and roughly 80-victim count come from JPs investigation. No independent blockchain-forensics report reviewed for this article has separately reproduced the full loss total across the listed addresses.  Tronify scam claims center on wallet connections  Tronify.rent presents itself as a TRON energy rental service promising to cut transaction costs for users moving assets on the network.  The website currently claims it is a noncustodial service and tells visitors they retain control of their assets. Its interface includes

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Zcash group starts lobbying U.S. lawmakers to push crypto policy

A Zcash-focused advocacy group has registered to lobby the U.S. government on crypto market rules, taxation, financial privacy and developer protections, with its federal registration effective Oct. 1.  The U.S. Lobbying Disclosure Act filing shows Pretty Good Policy for Zcash, or PGPZ, registered as an organization employing an in-house lobbyist and named Executive Director Divij Pandya as the only person expected to lobby on its behalf. The filing describes the groups work as “Zcash ecosystem development, developer protections, and financial privacy.”  Three legislative items are specifically listed. They are H.R. 3633, the Digital Asset Market Clarity Act, the Aligning Digital Assets with Principles of Taxation Act, and the Digital Asset Tax Certainty Act.  Zcash advocacy now has a formal Washington presence  PGPZ emerged in June from Pretty Good Policy for Crypto, a policy initiative originally developed by Electric Coin Co. The earlier project held recurring Washington roundtables for crypto policy professionals and organized a congressional briefing on privacy-enhancing technologies in 2023.  PGPZ founder Paul Brigner has said the new organization is intended to give Zcash a dedicated policy voice. Speaking about the initiative, he said the goal was to ensure Zcash has “serious, organized, and credible policy engagement in Washington.”  The groups own site describes PGPZ

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Kraken parent Payward and SGB launch 24/7 settlement for...

Kraken parent Payward has connected to Singapore Gulf Banks SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.  Payward announced the partnership on Oct. 5, saying clients of both companies can now settle qualifying transactions at any hour through SGBs real-time, multi-currency clearing network. The initial rollout covers U.S. dollars and a limited group of institutional customers in supported jurisdictions.  Markets run 24/7. Settlement should too.  Singapore Gulf Bank will connect with Kraken Prime under the same arrangement, giving the bank another source of digital-asset liquidity. SGB plans to use Paywards markets when pricing trades for its own customers over the coming months.  Payward brings 24/7 settlement to more institutional clients  SGB Net allows participating customers to transfer fiat funds without waiting for normal banking hours. Through the Payward integration, an eligible SGB client can deposit money with Payward and make the funds available for trading immediately, including during weekends.  The service starts with U.S. dollar transfers. Payward and SGB said more currencies and clients are expected to be added later, though neither company provided a timetable for the next phase.  Payward Chief Commercial Officer Mark Greenberg said digital-asset firms often face a mismatch between continuous trading and banking cut-off

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OKX seeks SEC approval for 63 tokenized U.S. stocks

OKX has filed with the U.S. Securities and Exchange Commission through its OKXICE joint venture to launch a platform initially covering tokenized shares of 63 NYSE-listed companies.  SummaryOKXICE filed with the SEC to offer tokenized shares of 63 NYSE-listed companies to investors.SEC rules require qualifying tokenized stocks to preserve dividends, voting rights, and equivalent shareholder claims.Issuers get 30 calendar days to object before unaffiliated third-party tokenized shares can begin trading.OKX already offers tokenized stocks offshore, but current products do not provide direct shareholder rights.OKXICE remains subject to regulatory conditions before its U.S. tokenized stock platform can launch commercially.  Bloomberg reported on Oct. 4 that OKXICE LLC, the 50-50 venture between OKX and New York Stock Exchange parent Intercontinental Exchange, submitted paperwork seeking to use the SECs new tokenized-stock framework. The filing itself had not yet surfaced in publicly searchable SEC records when checked.  The plan would make digital versions of the selected shares available under conditions set by the SECs Innovation Exemption. Issuers would receive notice before trading begins and would have 30 calendar days to object when an unaffiliated third party creates the tokenized version of their stock.  You might also like:  OKX launches 10x OpenAI, Anthropic X-Perps in Europe  OKX plans to start with

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Safe investor asks Swiss watchdog to intervene in governance dispute

Greenfield Capital, an investor in Safe, says it has filed a supervisory complaint with Switzerland‘s foundation watchdog, seeking changes to Safe Ecosystem Foundation’s board after months of engagement failed to resolve its governance concerns.  In an open letter to the Safe community on Sunday, Greenfield founding partner Jascha Samadi said the complaint to Switzerlands Federal Supervisory Authority for Foundations (ESA) comes after his firm became “increasingly concerned” about the state of Safe since early 2025, citing its performance relative to the broader market and a lack of independent voices on the foundation board.  “But we have come to believe, after more than a year of research, dialogue and patience, that Safe will not reach its potential under its current governance,” Samadi said.  The governance dispute comes as Safe is targeting break-even and a doubling of revenue in 2026. In a February announcement, the project reported more than $10 million in project-wide annualized revenue at the end of 2025, and outlined a longer-term ambition to reach $100 million in annual recurring revenue by 2030.  Greenfield questions Safes revenue growth  However, Greenfield pointed to $1.98 million in second-quarter revenue, equivalent to an annualized run rate of $8 million, as far below the $20 million expectation for 2026.  The

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Dan Ives Explains Why 2027 Could Be Tesla's Golden Year with Robotaxis and Optimus

Dan Ives of Yorkville Ives & Co. explains why robotaxis and Optimus could make 2027 Teslas golden year. His case rests on businesses that have yet to prove themselves.  Tesla (TSLA) beat third-quarter delivery estimates with 486,532 vehicles, yet the Model 3 and Model Y made up 98% of them. Ives says the shares now trade on what comes next.  Sponsored  Sponsored  What Would Make 2027 Teslas Golden Year?  Ives told CNBC that demand is stabilizing, helped by a rebound in Europe after several years of declines. However, he does not expect the Cybertruck, which sits at the high end of the market, to move demand much.  His timeline starts with robotaxis, driverless ride-hailing cars, reaching more cities in early to mid 2027. Regulation has slowed that rollout so far, he said.  Optimus, Tesla‘s humanoid robot, would follow in the second half of 2027. Ives links both to Tesla’s shift from an electric vehicle maker to an artificial intelligence (AI) company.  “And thats why 2027 I think could be a golden year for Tesla.”  Dan Ives, partner and senior managing director at Yorkville Ives & Co., via CNBC  Sponsored  Sponsored  Ives also puts Tesla and SpaceX merger odds above 80% by the end of 2027.  Does Teslas Price Already Assume the AI Payoff?  In

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Gary Marcus Likens AI Agents to Cars With Cardboard Brakes as FTC Probe Opens

Gary Marcus, a New York University professor emeritus, says AI agents need a recall because developers cannot reliably control them. The Federal Trade Commission (FTC) is now probing OpenAI and Anthropic.  Marcus spoke to Bloombergs The Close after six AI firms signed a voluntary White House pledge on Sept. 29. He argues the pledge changes little, because those companies already owed users safe products.  Sponsored  Sponsored  Why Gary Marcus Says a Voluntary Pledge Falls Short  The White House Accord on Super Intelligence asks companies to maintain internal controls and work with outside auditors. Google, Anthropic, Meta, OpenAI, xAI, and Nvidia signed it.  However, the accord carries no penalties and requires no public disclosure of audit results.  Meanwhile, regulators are not waiting. The FTC has opened a probe of OpenAI, Anthropic, and other AI developers. The probe follows OpenAI agents accessing systems at AI model-sharing platform Hugging Face without authorization.  A May safety test at Google also ended with Gemini accessing three companies, the company has confirmed.  Marcus likens the flaw to a defective product.  Sponsored  Sponsored  “Its like if Ford Motor Company decided to save money by making brakes out of cardboard, then a lot of their cars would go out of control.”  Gary Marcus, co-founder of Robust AI, speaking to Bloomberg  Google CEO

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