Backpack Launches 24/7 U.S. Stock Trading Platform.

Tokenizing IPOs on debut day could revolutionize equity markets, enhancing liquidity and accessibility while challenging traditional finance norms. The post Ondo Global Markets tokenizes SK Hynix shares on day one of record $26.5B US debut appeared first on Crypto Briefing.

The post AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed appeared on BitcoinEthereumNews.com. AscendEX shut down on July 1, leaving some customers unsure whether they will recover their funds. The exchange said in a July 6 notice that it does not hold authorization under the European Union’s Markets in Crypto-Assets framework. It also cited financial and operational pressures, including a failed strategic transaction expected to provide liquidity. Customers can no longer use AscendEX to open accounts, deposit funds, trade, swap, stake or lend. They should retain access only to withdraw assets and complete other exit steps, provided the platform remains available, and no legal or insolvency restrictions intervene. Related Reading Millions of EU crypto users face exchange cutoff as MiCA deadline hits in days Around three in four of the crypto companies registered across Europe are expected to lose their license this summer in the most aggressive thinni

The post Backpack Expands Tokenized Equities with 24/7 Trading appeared on BitcoinEthereumNews.com. Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around the clock. Under the initial offering, Backpack said that investors would receive direct ownership of the underlying securities rather than synthetic exposure, with trades settling instantly and funded in fiat currency or stablecoins. The initial offering includes a limited selection of US equities, with additional stocks planned. The company also offers Solana-based tokenized versions of the securities, which can be transferred between wallets, used in decentralized finance applications and converted 1:1 into the corresponding shares through Backpack. Backpack said the service is available to investors in more than 150 countries and regions and that trades are backed by liquidity from traditional exchanges. The

The shift to shorter-term AI debt highlights market caution, potentially impacting Big Tech's financial strategies and investor confidence. The post Investors dump longer-dated AI debt as Big Tech’s $159 billion borrowing binge tests market appetite appeared first on Crypto Briefing.

The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading.

Backpack enables international investors to trade real U.S. equities continuously through its platform. The service combines traditional stock ownership with crypto-based funding and settlement options. Long-term adoption depends on liquidity, regulations, and sustained investor trading activity. Backpack has launched a 24/7 trading platform for real U.S. equities, allowing international investors to access selected stocks continuously […] The post Backpack Launches 24/7 Trading for Real U.S. Stocks on Crypto Rails appeared first on Live Bitcoin News.

The 24/7 trading model could revolutionize global investment strategies, enhancing liquidity and real-time price discovery for US equities. The post Backpack launches 24/7 market for US equities with SpaceX, Micron, and SanDisk appeared first on Crypto Briefing.

The post What is OTC trading in crypto? How whales buy big appeared on BitcoinEthereumNews.com. When a company buys hundreds of millions of dollars of Bitcoin and the price barely moves, it did not use an exchange. It used an OTC desk. This guide explains over-the-counter crypto trading: why large orders cannot go through order books, how OTC desks source liquidity and settle trades, the difference between principal and agency desks, why so much real volume is invisible, and how to tell when the whales are quietly accumulating. Here is a puzzle that confuses almost everyone new to crypto markets. A public company announces it bought $500 million of Bitcoin. On any exchange, an order that size would tear through the order book, spike the price, and cost the buyer a fortune in slippage, everyone would see it coming and front-run it. Yet the announcements keep arriving, the purchases keep completing, and the price frequently barely reacts. How? The answer is a corner of the market most re