Nasdaq plans to work with Kraken to distribute tokenized versions of public stocks globally as the exchange pushes to bring blockchain infrastructure into traditional markets.
Bitcoin climbed during European trading hours even as U.S. equity futures, gold and silver fell, highlighting its relative resilience to oil shocks and war risks.
Crude oil futures on Hyperliquid dropped from $114 to $102 after reports that G7 finance ministers would discuss a joint release of strategic oil reserves to cool the price surge driven by the Iran conflict.
The central debate has shifted from whether bitcoin can survive to if it can function as a sovereign reserve asset, as critics assess it by institutional standards.
The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit.