- NYSE parent Intercontinental Exchange is preparing infrastructure for 24/7 trading of tokenized stocks and ETFs with faster settlement and stablecoin compatibility.
- Major cryptocurrencies slipped after tariff news; market data shows BTC around $91,100 and ETH near $3,105.
- Bermuda plans a fully onchain national economy in coordination with Coinbase and Circle.
- Token and protocol moves included the launch of a Pump Fund and hackathon, a MegaETH stress test, and a Magic Eden revenue policy; Trove’s TGE market cap fell from about $20 million to under $1 million.
- NFT and meme markets were mostly down; an Ether Rock sale at 61 ETH equaled roughly $189,400 based on current ETH pricing in the report.
The New York Stock Exchange parent, Intercontinental Exchange, is building infrastructure to support 24/7 trading of tokenized stocks and ETFs. The plan would use blockchain rails to enable continuous trading, faster settlement, tokenized shares with equivalent economic rights, and compatibility with stablecoins and tokenized cash, though it still needs regulatory approval.
Key elements under consideration include round‑the‑clock trading hours, tokenized representations of existing securities, onchain or faster settlement to lower clearing risk, and instant funding via stablecoins. “For more than two centuries, the NYSE has transformed the way markets operate. We are leading the industry toward fully on-chain solutions, grounded in the unmatched protections and high regulatory standards that position us to marry trust with state-of-the-art technology.”
Markets reacted with selling pressure after tariff headlines. Market snapshots show BTC down about 2% at $91,100 and ETH down about 4% at $3,105, according to market data. Meme tokens and NFT leaders were also lower, as seen in the meme index.
Institutional and protocol moves included corporate BTC exposure and ETF flows. The BTC ETFs recorded $394 million in net outflows on Friday after several days of inflows, per ETF flow data. Steak ’n Shake disclosed roughly $10 million in Bitcoin exposure and a corporate BTC reserve.
Project updates and token events: Pump Fun announced a Pump Fund and a BiP Hackathon, MegaETH scheduled a global stress test, and Magic Eden pledged 15% of revenue to buybacks and staker distributions. Trove fell over 90% at its TGE from roughly $20 million to under $1 million FDV.
NFT markets cooled alongside ETH; collection data is available on OpenSea. Finally, an Ether Rock sale of 61 ETH equaled about $189,400 based on the ETH price cited in the report.
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