SoSo Crypto Daily | Crypto Market Continues Downtrend; Tokenized Stocks and Predict Market Derivatives Exploration, Stablecoin Issuing Accident Warning Industry

SoSo Crypto Daily | El mercado de criptomonedas continúa su tendencia bajista; Exploración de acciones tokenizadas y derivados del mercado de predicción, la emisión de stablecoins advierte a la industria sobre accidentes

SoSo Crypto Daily | Le marché de la crypto continue sa tendance baissière ; Exploration des actions tokenisées et des produits dérivés des marchés de prédiction, l'émission de stablecoins alerte l'industrie [Source Name]

SoSo Crypto Daily | 暗号資産（仮想通貨）市場は下降トレンドが続く；トークン化された株式と予測市場デリバティブの探求、ステーブルコイン発行事故は業界に警告を発する

SoSo Crypto Daily | Mercado de Criptomoedas Continua em Tendência de Baixa; Exploração de Ações Tokenizadas e Derivativos de Mercado de Previsão, Indústria de Alerta de Acidente de Emissão de Stablecoin

SoSo Crypto Daily | Криптовалютный рынок продолжает нисходящий тренд; Токенизированные акции и изучение деривативов рынка прогнозов, предупреждение индустрии об аварии при выпуске Stablecoin

SoSo Crypto Daily | 加密貨幣市場持續下行；代幣化股票和預測市場衍生品探索，穩定幣發行事故警告行業

SoSo Crypto Günlük | Kripto Para Piyasası Düşüş Trendini Sürdürüyor; Tokenleştirilmiş Hisse Senetleri ve Tahmin Piyasası Türevleri Keşfi, Stablecoin İhraç Kazası Uyarı Endüstrisi

SoSo Crypto Daily | Thị trường Crypto tiếp tục xu hướng giảm; Khám phá Cổ phiếu được Mã hóa và Phái sinh Thị trường Dự đoán, Cảnh báo Ngành về Sự cố Phát hành Stablecoin

SoSo Crypto Daily | 加密货币市场持续下行；代币化股票和预测市场衍生品探索，稳定币发行事故警告行业

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1cfd66dd-a18d-47bc-ad27-11c12e99036c"><div class="bn-block" data-node-type="blockContainer" data-id="1cfd66dd-a18d-47bc-ad27-11c12e99036c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>The crypto market continued its downtrend, falling 2.28% to $3.86 trillion as most sectors saw 3%-4% losses except AI, which gained 3.3%. Tokenized stocks are gaining traction in the U.S. with SoloTex and a Backpack-Superstate partnership both aiming to offer compliant on-chain equity trading to retail investors. Paxos accidentally minted 300 trillion PYUSD stablecoins due to a technical error, which was quickly reversed, highlighting operational risks in stablecoins. Large ETH transfers from BitGo and Kraken to new wallets suggest strategic moves possibly involving Bitmine, while MicroStrategy’s stock fell below key support, signaling shifting investor sentiment toward digital asset treasury companies. Polymarket launched new stock and index “up/down” prediction contracts, expanding access to mainstream financial betting for retail and crypto-native users. Lastly, Coinbase added BNB to its listing roadmap and introduced the “Blue Carpet” program to streamline support for digital asset issuers, possibly signaling regulatory shifts.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="03c40bc1-c4fb-4e67-b52c-659f2ec324db"><div class="bn-block" data-node-type="blockContainer" data-id="03c40bc1-c4fb-4e67-b52c-659f2ec324db"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c6d70834-d87f-4d23-b782-04e45aeb68f9"><div class="bn-block" data-node-type="blockContainer" data-id="c6d70834-d87f-4d23-b782-04e45aeb68f9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7c730a99-c059-4d83-afb5-9b4aafd37a00"><div class="bn-block" data-node-type="blockContainer" data-id="7c730a99-c059-4d83-afb5-9b4aafd37a00"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c407bd7c-3c97-4959-a16b-9727ec0be324"><div class="bn-block" data-node-type="blockContainer" data-id="c407bd7c-3c97-4959-a16b-9727ec0be324"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

PYUSD

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="ddd3f809-2973-4be4-b237-288957269502"><div class="bn-block" data-node-type="blockContainer" data-id="ddd3f809-2973-4be4-b237-288957269502"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Market Update</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2d25e82-3d0a-40dd-a6a5-c9cb6adc09b2"><div class="bn-block" data-node-type="blockContainer" data-id="e2d25e82-3d0a-40dd-a6a5-c9cb6adc09b2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In the past 24 hours, the cryptocurrency market has seen a continued decline, dropping by 2.28% to a total market capitalization of $3.86 trillion. Bitcoin (BTC) fell 1.9% to $110,700, while Ethereum (ETH) dropped 3.4% to $3,980. Nearly all market sectors reported losses of 3%-4%, except for the AI sector, which gained 3.3%. The Layer 2 sector led the downturn with a 6.3% drop.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="95504dcc-858a-4755-990a-28d2d368c795"><div class="bn-block" data-node-type="blockContainer" data-id="95504dcc-858a-4755-990a-28d2d368c795"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Tokenized Stocks Gaining Traction in the U.S.</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="deb78041-0249-45db-bf3a-998cb6067efd"><div class="bn-block" data-node-type="blockContainer" data-id="deb78041-0249-45db-bf3a-998cb6067efd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The convergence of crypto and traditional finance is gaining momentum, particularly in the area of tokenized stocks. SoloTex, a new platform developed by Texture Capital and Sologenic, plans to offer U.S. retail investors access to regulatory-compliant tokenized equities, pending approval from the Financial Industry Regulatory Authority (FINRA). The platform, set to launch later this year, aims to provide real equity ownership—including dividends and voting rights—via tokens.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0bc37eb4-4789-4844-9fdb-2e839fe6f7c2"><div class="bn-block" data-node-type="blockContainer" data-id="0bc37eb4-4789-4844-9fdb-2e839fe6f7c2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Additionally, Backpack has partnered with Superstate to support native on-chain stock trading, allowing users to invest in both public equities and digital assets. This collaboration integrates Superstate’s Opening Bell platform into Backpack Exchange, reflecting the ongoing exploration of compliant tokenized stock solutions in the U.S. market.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bdc65a38-4c2e-4111-9005-a2f3d7680023"><div class="bn-block" data-node-type="blockContainer" data-id="bdc65a38-4c2e-4111-9005-a2f3d7680023"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Stablecoin Mishap Raises Eyebrows</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="eeff7a1d-8efa-47a6-ad67-d86173285320"><div class="bn-block" data-node-type="blockContainer" data-id="eeff7a1d-8efa-47a6-ad67-d86173285320"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">A technical malfunction at stablecoin issuer Paxos resulted in the accidental minting of 300 trillion PYUSD tokens in the early hours today, a figure that dwarfs both the traditional currency market and the entire crypto market. The error was quickly reversed, with the tokens being destroyed within minutes. Paxos confirmed that no security breach occurred, customer funds were never at risk, and the root cause has been resolved. The incident, however, underscores the operational risks inherent in the stablecoin sector.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="003f4679-733d-4e60-ada4-8d9dfe33b478"><div class="bn-block" data-node-type="blockContainer" data-id="003f4679-733d-4e60-ada4-8d9dfe33b478"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Large ETH Transfers Signal Potential Strategic Moves</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="81e8d3a7-1aea-47e5-9b07-79c0666fc1e3"><div class="bn-block" data-node-type="blockContainer" data-id="81e8d3a7-1aea-47e5-9b07-79c0666fc1e3"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Onchain Lens monitoring reported that five newly created wallets received a total of 104,336 ETH (worth around $416 million) from BitGo and Kraken. These wallets are suspected to be associated with Bitmine. Meanwhile, MicroStrategy’s (MSTR) stock price has dropped below a key support level, indicating weakening buying pressure, though BTC itself remains relatively resilient. There is growing discussion about the diminishing premium for digital asset treasury (DAT) companies that act purely as funding conduits, with future valuations likely to hinge on governance and asset management capabilities.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6462565e-1c6b-457a-bc98-d1015e34513c"><div class="bn-block" data-node-type="blockContainer" data-id="6462565e-1c6b-457a-bc98-d1015e34513c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Polymarket Expands to Stock and Index Prediction Markets</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a2a3b183-e4d5-448e-8bf3-4158101d015e"><div class="bn-block" data-node-type="blockContainer" data-id="a2a3b183-e4d5-448e-8bf3-4158101d015e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Decentralized prediction market Polymarket has launched new “up/down” contracts for stocks and indices, allowing users to bet on the directional movement of specific equities or benchmarks over set periods. This is part of a newly created “Finance” section, which organizes contracts by asset class and sources resolutions from The Wall Street Journal and Nasdaq. The move, following Polymarket’s recent introduction of corporate earnings prediction markets in the U.S., brings the platform closer to mainstream financial events and provides retail and crypto-native users with a low-barrier alternative to traditional brokerage accounts or margin tools.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1b099a0f-b55c-483c-ad03-3e99cb807044"><div class="bn-block" data-node-type="blockContainer" data-id="1b099a0f-b55c-483c-ad03-3e99cb807044"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Coinbase Adds BNB to Listing Roadmap and Launches “Blue Carpet” Program</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3641d6e9-7063-4413-b6c6-6537cace3899"><div class="bn-block" data-node-type="blockContainer" data-id="3641d6e9-7063-4413-b6c6-6537cace3899"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Coinbase has announced the addition of BNB to its asset listing roadmap, with the launch date contingent on market maker support and technical readiness. The exchange also unveiled “The Blue Carpet” initiative, a comprehensive support program for digital asset issuers that consolidates previously fragmented services into a transparent, streamlined, and cost-free process—including listing guidance, asset page customization, and service discounts. This could signal a shift in Coinbase’s listing approach, possibly hinting at broader regulatory changes ahead and is an area worth watching closely.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="57bc098e-0596-49ae-b0f6-3098909a20dd"><div class="bn-block" data-node-type="blockContainer" data-id="57bc098e-0596-49ae-b0f6-3098909a20dd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16239a15-4dbb-4a5b-85e6-6e02ebb609fb"><div class="bn-block" data-node-type="blockContainer" data-id="16239a15-4dbb-4a5b-85e6-6e02ebb609fb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

Crypto Market Continues Downtrend; Tokenized Stocks and Predict Market Derivatives Exploration, Stablecoin Issuing Accident Warning Industry