Tag:

boosting

Kraken Expands Xstocks To Tron, Boosting Access And Defi Trading
GameFi Guides

Kraken Expands xStocks to Tron, Boosting Access and DeFi Trading

by admin



Tokenized stocks are racing into the spotlight, and Kraken is moving fast to stay ahead. On Wednesday, the exchange announced it is expanding its xStocks product onto the Tron blockchain. Through a partnership with TRON DAO and tokenization startup Backed, Kraken is now rolling out tokenized versions of popular equities like Apple, Nvidia, and Tesla across three major blockchains in less than two months.

Unlike conventional shares, these tokenized assets function as debt instruments for compliance, meaning holders cannot exercise governance rights. However, investors still gain fractional ownership, 24/7 trading, and DeFi integration.

Growing Multi-Chain Support

Kraken co-CEO Arjun Sethi highlighted the rapid expansion, saying, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start.” 

The platform already links with Solana’s Kamino, Raydium, and Jupiter, as well as BNB Chain’s PancakeSwap and Venus Protocol. By deploying TRC-20 tokens on Tron, Backed ensures full 1:1 asset backing while allowing deposits and withdrawals directly within the Tron ecosystem.

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” added Justin Sun, founder of Tron, emphasising the wider picture. He said that greater accessibility for users globally could allow for efficiency and inclusivity for investors who were previously excluded.

Tron Sentiment and Market Impact

In the meantime, Tron’s network has seen an increase in profitability for its holders. Recent insights from CryptoQuant reveal that one-week holders have enjoyed a 3.8% rise. As per the chart, one-month holders have gained 10.3%, and three-month holders are leading with 31.2% profit. 

Notably, with $6.6 billion locked up, Coinbase’s Base network recently overtook Tron in the DeFi rankings, showing extreme competition on several ecosystems. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, said.

Tokenized equities are changing access to financial markets. Kraken’s move into Tron indicates rising interest in blockchain-based stocks and hints at a closer relationship between crypto and traditional assets.

Also Read: TRM Labs Launches Beacon Network with Top Exchanges Onboard



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

Vietnam Passes Landmark Law Defining Digital Assets, Boosting AI and Chip Sectors

by admin



In brief

  • Vietnam’s National Assembly passed a landmark law regulating digital assets and formally categorizing them into virtual assets, crypto assets, and other digital assets, each with defined legal status under civil law.
  • The law also introduces major tax and investment incentives to boost domestic innovation in semiconductors, artificial intelligence, and digital infrastructure, effective January 1, 2026.
  • The new legislation aims to curb offshore migration by offering clear rules and incentives to keep crypto firms and talent in Vietnam.

Vietnam’s National Assembly overwhelmingly approved landmark legislation Saturday, legalizing digital assets and establishing sweeping incentives for semiconductor manufacturing, artificial intelligence development, and digital technology startups.

The Law on Digital Technology Industry passed with 441 votes in favor out of 445 lawmakers present, making Vietnam one of the first countries to comprehensively regulate digital assets through dedicated legislation rather than traditional financial frameworks.

The law, which takes effect January 1, 2026, defines digital assets as products “created, issued, transferred and authenticated using blockchain technology” with clear property rights under civil law.

The move addresses a critical problem that has forced Vietnamese crypto and tech companies to relocate operations to Singapore and other jurisdictions with clearer regulations. 

The new legislation creates three main categories: virtual assets that can be used for exchange or investment purposes, crypto assets that use encryption technology to authenticate assets during creation, issuance, storage, and transfer, and other digital assets, per local media reports.

Both virtual and crypto assets explicitly exclude securities, digital representations of fiat currency, and other financial instruments under existing civil and financial laws.

In March, Prime Minister Pham Minh Chinh had directed the Ministry of Finance and the State Bank of Vietnam to finalize crypto regulation proposals by the end of the month as part of an ambitious 8% economic growth target, but no framework had yet materialized until now.



Vietnam’s crypto adoption has surged despite the legal uncertainty, with blockchain analytics firm Chainalysis ranking the country fifth globally for crypto adoption in 2024. 

Over $105 billion in blockchain market investments flowed into Vietnam during 2023-24, much of it through offshore structures that provided no benefit to the domestic economy.

Beyond crypto regulation, the legislation underscores Vietnam’s ambition to emerge as a regional technology powerhouse. 

The law sets a target of 150,000 digital technology enterprises by 2035, a major expansion from current levels, supported by unprecedented tax incentives and state investment.

Companies developing semiconductors, AI systems, and digital infrastructure can receive corporate income tax rates as low as 10% for 15 years, along with exemptions from import duties and land rental fees. 

Large-scale projects investing over $80 million in data centers or $160 million in semiconductor facilities are eligible for additional “special” incentives, including a five-year personal income tax exemption for foreign experts.

The law targets semiconductor development explicitly, establishing Vietnam’s goal to “gradually become an essential link in the global supply chain.” 

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Why Strategy’s Bitcoin Buys Could Pose Long-Term Risks Despite Boosting Demand

by admin



In brief

  • Strategy’s 3% ownership of Bitcoin is approaching “problematic” levels, threatening its reserve asset status, Sygnum says.
  • Acquisition vehicles have catalyzed Bitcoin demand similar to the impact of ETFs.
  • Liquid supply constraints could reverse the improvements in volatility, crucial for institutions.

Acquisition vehicles have successfully driven demand for Bitcoin in recent years, but their aggressive accumulation strategies may be undermining the asset’s long-term institutional appeal.

That’s according to the latest analysis from Swiss digital asset bank Sygnum, published on Tuesday.

While these vehicles have supported market demand, Sygnum warned that Strategy’s goal of owning 5% of Bitcoin’s supply risks undermining its status as a safe haven and could render it unsuitable as a reserve asset for central banks.

On Monday, Strategy purchased another 1,045 Bitcoin, worth approximately $110 million, bringing its current total to 582,000 BTC, equivalent to nearly 3% of the maximum Bitcoin supply that will ever exist. 

These purchases have gained an all-time profit of above 56%, according to a rough estimate from Saylor Tracker.

While this has helped boost Bitcoin’s price and profile, Sygnum warns the concentration is approaching dangerous levels.

“Large, concentrated holdings are a risk for any asset, Sygnum said in its report. “Strategy’s holdings are approaching a point where they become problematic.”

By portraying its leveraged, large-scale approach as the “new norm,” Strategy may be overshadowing the valid case for smaller, risk-adjusted treasury allocations, which Sygnum sees as a better fit for most companies.



Liquidity, market structure risks

Strategy’s model operates a high-beta proxy, utilizing convertible debt to acquire more Bitcoin while capitalizing on the momentum of its own stock price during bull markets, according to an analysis by Sherwood.

Whenever Bitcoin rallies, Strategy’s stock, MSTR, trades at a premium, enabling the company to raise capital and buy more Bitcoin, fueling a cycle of leverage and bullish sentiment.

Yet the risk in these scenarios is clear. 

If Bitcoin enters a prolonged downturn and MSTR falls below the conversion prices of its outstanding notes, the model starts to crack, and it may be forced to liquidate part of its Bitcoin holdings to cover debt obligations, Sygnum researchers explained.

“The perpetual dividend mitigates the risk” from debt-funded Bitcoin purchases, where gains and losses move in lockstep, they noted. 

But if Strategy “chooses to sell Bitcoin instead to avoid the additional drag of the share discount,” the result could be a “very damaging signal to the market.”

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline
NFT Gaming

Metaplanet adds 1,088 BTC to Bitcoin holdings, boosting the total to 8,888 BTC

by admin



Japanese investment firm Metaplanet has invested more of its company funds into buying 1,088 Bitcoin, bringing its total BTC holdings even closer to 9,000 BTC.

According to the company notice, Metaplanet just spent around $117.7 million to purchase more BTC (BTC) for its holdings. On June 2, the Tokyo-based investment firm bought 1,088 BTC at an average price of $108,209.

With its recent purchase, the company dubbed by many as the Japanese “Strategy” now holds 8,888 BTC which is equal to around $851 million according to market prices at the time of its latest purchase. According to Bitcoin Treasuries’ database, Metaplanet’s recent purchase has made it the 10th largest corporate BTC holder on the leaderboard.

However, it still has a long way to go if it wants to catch up to Michael Saylor’s Strategy. Strategy currently occupies the top spot, with 580,250 BTC in total holdings.

At press time, Bitcoin has gone up by 0.4% in the past 24 hours. It is currently trading hands at $104,848, noticeably around $4,600 lower than the purchase price Metaplanet opted for. In fact, its 24 hour peak still stood at $105,804.

Price chart for Bitcoin in the past few hours, June 2, 2025 | Source: crypto.news

The largest cryptocurrency by value has accumulated a market cap of $2 trillion and a daily trading volume $18.6 billion. Today’s trading volume has seen a 15.3% increase compared to the previous day, indicating a rise in market activity.

Metaplanet’s Bitcoin Yields

Alongside the recent BTC purchase, Metaplanet provided updates on its BTC Yield metric. BTC Yield is used to calculate the period-over-period percentage ratio between the company’s Bitcoin Holdings and its fully diluted shares outstanding.

Throughout 2025, the company’s BTC holdings generated the largest yield percentage during the first quarter of 2025, which ran from January 1 to March 31. During this period, the company saw its BTC Yield amount 95.6%. However, this marked a large departure from its previous BTC Yield at the end of 2024 which jumped as high as 309.8%.

On the other hand, the BTC Yield recorded from April 1 to June 2 amounted to only 66.3%.

Most recently, the company issued its largest set of 0% ordinary bonds to the venture capital EVO FUND. The bonds were worth a combined value of $50 million. According to the notice, the funds generated from the bond issuances would be used to buy more Bitcoin.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close