Crypto markets are holding their breath ahead of the Fed, but the headlines aren't slowing down.

Some of the world's biggest companies want nothing to do with tokenized stocks.

Others are sprinting toward blockchain as fast as regulators will let them.

Today's newsletter is about who's in, who's out, and why it matters.

Half the companies on OKX-ICE's tokenization list have said no thanks

Thirty-three firms now oppose having their shares tokenized by the OKX-ICE joint venture.

The objectors, including JPMorgan and Coca-Cola, represent roughly $17 trillion in combined market cap.

That's more than half the 62 companies originally named, raising serious doubts about the venture's viability.

Get the full story →

Markets

Bitcoin treads water as traders eye the Fed

Bitcoin briefly topped $81K in Asian trading before fading through the US morning.

Traders are positioning ahead of the Fed's rate decision, keeping moves muted.

Meanwhile, Bitwise raised its 2036 bitcoin target to $1.6M, projecting 34% annualized returns over the next decade.

BTC hovered near $80K, ETH sat below $2,400, SOL held around $101 and XRP slipped toward $1.31.

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Ripple says institutional customers using multiple products have tripled

Ripple expects to hit a $900M annualized revenue run rate by the end of 2026.

The growth is driven by customers adopting its payments, custody, stablecoin and trading tools together.

For a company once defined by a legal fight with the SEC, that's quite the pivot.

Read the full breakdown →

Avail launches a privacy shield for Hyperliquid traders

ShieldTX opens each trade through a separate wallet to break the trail copy-trading bots follow.

On Hyperliquid, every position is fully on-chain and visible by default.

Whales tired of getting front-run now have a tool to trade without broadcasting their playbook.

Read the full breakdown →

On Our Radar

Sui's infrastructure problem: Finding an RPC provider that actually works reliably.*

Digital property rights: Thailand's Supreme Court officially classified Bitcoin as property in a robbery case.

Crypto gets the bank treatment: Brazil's Itaú launches custody and trading services officially.

_*sponsored

ICYMI

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