Nvidia, Micron and Reddit join 50 companies pushing back against OKXICE tokenization plans
50 companies oppose OKX and ICE tokenization plans, Bitcoin falls to $77K, Binance restores 95% of hacked assets, and Anthropic reports $17B revenue.
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Trust is the scarcest asset in crypto right now.
Two major exchanges are dealing with security problems on opposite sides of the planet.
Corporate America is actively pushing back against tokenization of its own stocks.
Meanwhile, Bitcoin is quietly holding its ground ahead of a chaotic week.
Today's stories share a thread: the gap between crypto's ambitions and the world's willingness to go along.
Nvidia, Micron and Reddit join 50 companies opposing OKX-ICE tokenization
OKX and ICE planned to tokenize shares from 62 companies. Fifty have now said no.
Nike, Costco, Nvidia and Reddit are among the latest to formally object.
That leaves the platform with barely a dozen willing participants, a rough start for tokenized stocks.
If blue-chip firms won't play ball, the entire asset class faces an identity crisis.
Markets
Bitcoin holds steady as dueling signals keep traders guessing
Bitcoin clung to its 100-day moving average near $76K heading into a packed week.
Strategy's quiet accumulation of 10,000 BTC added institutional tailwind.
Morgan Stanley's downgrade of Coinbase to underweight pulled sentiment the other direction.
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BTC hovered near $78K, ETH edged above $2,285, SOL slipped below $94 and XRP held near $1.25.
Binance completes reserve verification for 10 major tokens after $6B hack
Binance just proved its reserves back user balances at least 1:1 across ten tokens.
The exchange used zero-knowledge proofs, letting users verify without exposing private data.
This is the fifth recovery update since its $6B security breach last week.
Cryptographic receipts are nice, but rebuilding trust after a breach that size takes more than math.
Brazil's largest crypto exchange freezes deposits after security incident
Mercado Bitcoin suspended all deposits and withdrawals after detecting a breach overnight.
The exchange said it contained the incident quickly and disclosed it Monday morning.
Latin America's biggest crypto platform going dark, even briefly, rattles a fast-growing regional market.
Anthropic's revenue hit $17B but losses ballooned to $23B ahead of IPO
Anthropic grew revenue 12x year over year, reaching roughly $17B in Q3 alone.
The Claude developer also burned through $23B in net losses over the same period.
For investors eyeing AI's next big IPO, that growth-to-loss ratio deserves a long stare.
On Our Radar
Pixels meet blockchain: Crypto gaming is becoming more than just a niche experiment.*
Binance's moment of weakness: The exchange hemorrhaged $5 billion in deposits as competitors circled.
Banking gets blockchain-curious: Standard Chartered just launched tokenized deposits in Hong Kong.
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