CMC Market Pulse | Weekend
Highlights this week:
Michael Saylor’s Strategy has acquired 4,980 BTC for $531.9M, bringing their total holdings to 597,325 BTC.
Metaplanet has purchased another 1,005 BTC for $108.1M, bringing their total holdings to 13,350 BTC, surpassing Elon Musk’s Tesla.
The first ever Solana spot ETF with staking by Rex-Osprey, SSK, launches, raking in $33M in volume on their first day.
NARRATIVE OF THE WEEK 📰
#Robinhood launches the trading tokenized stocks and private equity on their app, supported by the Arbitrum blockchain.
Tokenized stocks also go live on Solana, with xStocks supporting the launch of the product to Bybit and Kraken customers as well as integrations with DeFi applications including Kamino, Jupiter and more.
Sam Altman’s #OpenAI publicly denies any involvement in tokenized equity in the company as launched by Robinhood’s new product, stating that “any transfer of OpenAI equity requires (their) approval”.
MAJOR PROJECT UPDATES 🗓️
Ripple is applying for a national bank charter from the OCC, continuing their expansion into traditional finance to remain compliant with banking regulations.
#coinbase acquires token deployment and management platform, Liquifi.
Circle introduces Circle Gateway, a developer service which enables a unified USDC balance for instant cross-chain liquidity. The service will launch in July for Ethereum, Base and Avalanche.
#grass introduces their Android app, allowing Android mobile users to now earn from their unused bandwidth.
Multisig infrastructure, #SAFE , introduces Harbour, which seeks to move all multisig operations fully on-chain, reducing central points of failure and increasing trustlessness.
