Crypto.com says Citadel Securities invested $400M at a $20B valuation
The July 16 announcement frames the capital as fuel for tokenized securities and derivatives expansion.
The July 16 announcement frames the capital as fuel for tokenized securities and derivatives expansion.
The team cited a “serious internal integrity issue” involving members and gave no details on scope or user impact.
The new Ethereum L2 uses ETH as gas and has more than 500,000 ETH-holding wallets in launch-week data.
Bridge deposits hit $106M and Ethereum holds 47% of RWA tokenization, but usage and perp demand softened into resistance.
Deribit skew eased from “extreme fear,” but puts still trade at a 9% premium as ETH tests the $2,000 narrative.
Haircuts run from 10% on broad ETFs to 30% on higher-volatility names, with caps up to $1 million per asset.
The firm expects about $400 million in gross proceeds from the CEPT merger, with a Monday vote and early-July close on deck.
The product plugs into xStocks, Ondo Finance, and Anchorage Digital’s Porto to route execution across tokenized-asset venues.
Orders route via U.S.-licensed brokers to Nasdaq and NYSE, but the rollout is geo-blocked and transfers are inbound-only at launch.
SPCX perpetuals printed a $159.89 pre-open VWAP, while tokenized “IPO access” campaigns were canceled after allocations failed.
The carve-out would use exemptive authority to enable limited trading sooner than rulemaking, but with less permanence.
Carlos Domingo pointed to NYSE and Computershare partnerships as steps toward on-chain equity trading and settlement.
Tokenized stocks rose 422% while bonds and money market funds added $6.5B even as crypto sold off in early June.
The USDC-settled perpetual futures contract offers eligible international users 24/7 exposure to SpaceX's estimated pre-listing valuation.