SoSoValue Crypto Daily | Crypto Market Sees Modest Pullback; Industry Grapples with Tokenization Regulation and Institutional Expansion

SoSoValue Crypto Daily | El mercado de criptomonedas registra una ligera corrección; la industria aborda la regulación de la tokenización y la expansión institucional

SoSoValue Crypto Daily | Le marché crypto connaît un léger recul ; le secteur peine à réguler la tokenization et à accompagner l'expansion institutionnelle

SoSoValue 暗号資産デイリー | 暗号資産市場は小幅な調整局面を迎える。業界はトークン化規制と機関投資家の拡大に取り組む

SoSoValue Crypto Daily | Mercado de criptomoedas registra leve correção; setor enfrenta regulamentação da tokenização e expansão institucional

SoSoValue Crypto Daily | Криптовалютный рынок демонстрирует умеренный откат; Индустрия борется с регулированием токенизации и институциональным расширением.

SoSoValue 加密日報 | 加密市場出現小幅回撥；行業面臨代幣化監管與機構擴張挑戰

SoSoValue Crypto Daily | Kripto Piyasası Hafif Düşüş Yaşıyor; Sektör, Tokenleşme Düzenlemesi ve Kurumsal Genişleme ile Mücadele Ediyor

SoSoValue Crypto Daily | Thị trường Crypto chứng kiến sự điều chỉnh nhẹ; Ngành công nghiệp vật lộn với quy định Token hóa và mở rộng thể chế

SoSoValue 加密日报 | 加密市场出现小幅回调；行业面临代币化监管与机构扩张挑战

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2146e3a-d407-4845-bf32-f2f69a239382"><div class="bn-block" data-node-type="blockContainer" data-id="d2146e3a-d407-4845-bf32-f2f69a239382"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The crypto market saw a modest pullback today, with total capitalization down 1.11% as Bitcoin and Ethereum both dipped alongside sector-wide losses; meanwhile, regulatory debates over tokenization intensified at an SEC meeting, highlighted by Citadel’s push for stricter oversight of intermediaries and DeFi, drawing backlash from crypto advocates. The CFTC made headlines by approving Bitnomial as the first regulated U.S. spot crypto exchange, signaling a potential boost in institutional involvement. Coinbase’s Base Layer 2 expanded interoperability by enabling native support for Solana assets via Chainlink’s protocol. BlackRock’s Larry Fink reported ongoing sovereign wealth fund accumulation of Bitcoin, with J.P. Morgan analysts projecting a possible price of $170,000 within a year. Kraken and Deutsche Börse announced a major institutional partnership to enhance crypto and FX liquidity access, while Kalshi and CNBC struck a deal to bring prediction market data into mainstream financial news coverage.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="15d475bb-572c-4fcf-a169-c1b9e6f8ebaf"><div class="bn-block" data-node-type="blockContainer" data-id="15d475bb-572c-4fcf-a169-c1b9e6f8ebaf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

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<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b43d8166-80ea-4428-a50d-b89b8cdb22e0"><div class="bn-block" data-node-type="blockContainer" data-id="b43d8166-80ea-4428-a50d-b89b8cdb22e0"><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="39daf640-2ecd-41c7-bced-9bbc99a82313"><div class="bn-block" data-node-type="blockContainer" data-id="39daf640-2ecd-41c7-bced-9bbc99a82313"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The cryptocurrency market experienced a mild downturn today, with total market capitalization falling by 1.11% to $3.23 trillion. Bitcoin (BTC) slipped 0.52% to $92,300, while Ethereum (ETH) dropped 1.12% to $3,150. All major sectors posted losses, generally ranging between 2% and 3%, reflecting broad-based caution across digital assets.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="476596d8-8ead-477b-913a-8b9d9674610e"><div class="bn-block" data-node-type="blockContainer" data-id="476596d8-8ead-477b-913a-8b9d9674610e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Regulatory Debate Intensifies Over Tokenization</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="50e09bf6-40a7-4cb1-8b23-b25bf7856362"><div class="bn-block" data-node-type="blockContainer" data-id="50e09bf6-40a7-4cb1-8b23-b25bf7856362"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Key industry executives from firms like Citadel Securities, Coinbase, and Galaxy convened at the SEC Investor Advisory Committee meeting to discuss the increasingly prominent topic of asset tokenization. The session underscored divergent views on regulatory approaches, as highlighted by BlackRock’s Samara Cohen, who noted that the spectrum of perspectives mirrors the complexity and challenges facing the sector. The debate was further fueled by Citadel Securities’ recent letter calling for the SEC to apply strict oversight on intermediaries involved in tokenized securities, including decentralized finance (DeFi) protocols. This stance has drawn criticism from crypto advocates who worry about regulatory overreach. The SEC’s clear intent to ramp up crypto regulation is evident, though navigating the challenges ahead will require careful balance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ffde60cd-5a37-48ec-9218-208112204cca"><div class="bn-block" data-node-type="blockContainer" data-id="ffde60cd-5a37-48ec-9218-208112204cca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>CFTC Approves Bitnomial for Regulated Spot Crypto Trading</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ec5707a8-1739-4aa4-96a9-5e054d00f911"><div class="bn-block" data-node-type="blockContainer" data-id="ec5707a8-1739-4aa4-96a9-5e054d00f911"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In a notable development for U.S. crypto infrastructure, the Commodity Futures Trading Commission (CFTC) has greenlit Bitnomial to launch the nation’s first regulated spot cryptocurrency products exchange. CFTC Acting Chair Caroline Pham hailed this as a new “golden era” of American innovation, while Bitnomial’s CEO Luke Hoersten emphasized the return of leveraged spot crypto trading under U.S. regulatory oversight. Bitnomial is set to officially go live next week, potentially signaling increased institutional participation in compliant crypto markets.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e7c70652-1f2f-4bbf-a643-70f2c8c49bf6"><div class="bn-block" data-node-type="blockContainer" data-id="e7c70652-1f2f-4bbf-a643-70f2c8c49bf6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Base Expands Cross-Chain Capabilities with Solana Assets</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="97464181-d67d-433a-8097-77daa7118627"><div class="bn-block" data-node-type="blockContainer" data-id="97464181-d67d-433a-8097-77daa7118627"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Base, the Ethereum Layer 2 solution incubated by Coinbase, is now natively supporting Solana-based assets. This integration, powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enables seamless bridging of assets between Base and Solana, further advancing interoperability in the multi-chain ecosystem.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="971031e1-6772-4118-8c89-74e8f8e43690"><div class="bn-block" data-node-type="blockContainer" data-id="971031e1-6772-4118-8c89-74e8f8e43690"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Institutional Bitcoin Accumulation and Long-Term Outlook</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ba743a6f-a646-422f-b60e-7082874267d5"><div class="bn-block" data-node-type="blockContainer" data-id="ba743a6f-a646-422f-b60e-7082874267d5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">BlackRock CEO Larry Fink revealed that sovereign wealth funds continue to steadily accumulate Bitcoin, even during recent price dips below $90,000. Fink emphasized that these moves are strategic, long-term allocations, and reiterated Bitcoin’s potential as a hedge against inflation and sovereign debt. Meanwhile, J.P. Morgan analysts noted that the relationship between Bitcoin’s enterprise value and holdings, particularly for firms like MicroStrategy, remains a key driver of the digital asset’s price. They estimate Bitcoin’s theoretical price could reach approximately $170,000 in the next 6–12 months, based on volatility-adjusted comparisons with gold.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6828b477-a21a-45d7-b178-db94b7fef000"><div class="bn-block" data-node-type="blockContainer" data-id="6828b477-a21a-45d7-b178-db94b7fef000"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Kraken and Deutsche Börse Forge Strategic Institutional Alliance</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2ff37086-e4d5-451a-aa7c-d89eae8ef1a4"><div class="bn-block" data-node-type="blockContainer" data-id="2ff37086-e4d5-451a-aa7c-d89eae8ef1a4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In a significant cross-Atlantic partnership, Kraken and Deutsche Börse Group announced a strategic collaboration to bridge traditional finance and digital assets for institutional clients. The first phase will see Kraken directly connected to Deutsche Börse’s 360T—one of the world’s largest FX trading platforms—thereby enhancing access to bank-grade forex liquidity and improving fiat on/off ramps. The alliance will also leverage Kraken Embed to expand institutional-grade crypto services within Deutsche Börse’s network, with plans to allow Kraken users to trade Eurex-regulated derivatives pending approval. Additional integration with Clearstream, Crypto Finance, xStocks, and 360X aims to broaden tokenized stock standards and build a seamless transatlantic institutional channel.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3c778084-db0c-4e1f-92ad-85827d41580b"><div class="bn-block" data-node-type="blockContainer" data-id="3c778084-db0c-4e1f-92ad-85827d41580b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Kalshi and CNBC Ink Data Partnership</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8bb92bcc-8560-4cb4-baef-cbcfa2cc2020"><div class="bn-block" data-node-type="blockContainer" data-id="8bb92bcc-8560-4cb4-baef-cbcfa2cc2020"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Looking ahead to 2026, prediction market platform Kalshi has partnered with CNBC to supply real-time prediction data for editorial coverage across the network’s TV, digital, and subscription platforms, marking a step toward mainstream integration of market forecasting tools.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="307831b4-7192-4072-96cd-a00caf1a3d7a"><div class="bn-block" data-node-type="blockContainer" data-id="307831b4-7192-4072-96cd-a00caf1a3d7a"><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 Sees Modest Pullback; Industry Grapples with Tokenization Regulation and Institutional Expansion