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Blockchain Startups

Bitcoin Slips From Weekly Close Target In Drop To $62,500

by admin August 14, 2026

written by admin

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next.

Key points:

Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs.
Analysis says that $63,220 must be reclaimed by the weekly close to avoid a deeper rout.
Markets look to PCE inflation data as the next key test for risk assets.

Bitcoin price sags with stocks at all-time highs

Data from TradingView showed BTC/USD down 1.3% on the day at $62,570, near its lowest levels month-to-date.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView

Despite encouraging US inflation data lifting risk assets and reducing the odds of interest-rate hikes, Bitcoin failed to follow US equities, which closed Thursday’s session at all-time highs. The S&P 500 and tech-heavy Nasdaq Composite Index were both green at the time of writing, up 0.11% and 0.14%, respectively.

BTC/USD vs. S&P 500 one-hour chart. Source: Cointelegraph/TradingView

Commenting on Bitcoin price performance, trader and analyst Rekt Capital warned that Sunday’s weekly close needed to be above $63,220.

“A Weekly Close below the orange level would probably set price up for a breakdown,” he wrote in a post on X.

The analyst noted that $63,000 was now failing as support after weakening throughout August, having previously noted that the 50-month exponential moving average (EMA) at $65,827 was back as resistance, copying the 2022 bear market.

BTC/USD one-week chart. Source: Rekt Capital on X.com

Cointelegraph previously reported on increasing chances of a long liquidation event for Bitcoin as it approaches an area of liquidity around $61,000 amid growing open interest (OI) in derivatives markets.

“Traders have added substantial risk, most of it long, into a market that shows no matching demand,” onchain analytics platform Glassnode summarized in the latest edition of its regular newsletter, The Week Onchain.

PCE in focus after Bitcoin ignores inflation relief

In its latest analysis, trading and investment company QCP Capital drew attention to crypto markets’ refusal to rally on improving US inflation conditions — a phenomenon it described as “increasingly important.”

Related: Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode

“Last week, BTC demonstrated resilience in absorbing several negative headlines without a sustained breakdown,” it wrote, adding:

“This week has reinforced the distinction between resilience and momentum: the range remains intact, but softer inflation data have so far generated only a muted response from crypto.”

QCP added that macro traders are now focused on the Aug. 26 Personal Consumption Expenditures (PCE) index release, known as the Federal Reserve’s preferred inflation gauge. The index’s last print in July marked its first monthly decline since 2020, per data from the Bureau of Economic Analysis.

US PCE data percentage change (screenshot). Source: BEA

August 14, 2026 0 comments

EthSystems Launches To Build Privacy Solutions For Institutions On Ethereum

Press Release

Bitmine Immersion Technologies Announces Record and Payment Dates for Cash Dividends on 9.50% Series A Perpetual Preferred Stock

by admin August 14, 2026

written by admin

(NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) announced today that its Board of Directors has declared seventeen cash dividends on the Company’s 9.50% Series A Perpetual Preferred Stock (the “Series A Preferred Stock”), which is listed on the New York Stock Exchange under the trading symbol “BMNP”

The dividends will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The record dates, payment dates, and per-share amounts for each dividend are set forth below:About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates,” and similar expressions. This document specifically contains forward-looking statements regarding the Company’s dividend payments on the Series A Preferred. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine’s ability to finance its current business, Ethereum treasury operations, and proposed future business; market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company’s staking operations; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

August 14, 2026 0 comments

NFT Marketplace

SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act

by admin August 14, 2026

written by admin

In brief

The SEC has canceled Friday’s meeting, at which commissioners were to vote on proposing a tailored offering regime for crypto assets.
A spokesperson cited “an unforeseen scheduling issue,” with no replacement date announced.
It would have been the agency’s first crypto-specific rulemaking, and followed the Senate leaving for recess without advancing the Clarity Act.

The Securities and Exchange Commission has called off an open meeting scheduled for Friday morning at which its three commissioners were to vote on proposing the agency’s first crypto-specific rules, Reuters reported on Thursday.

The formal notice, issued under the Sunshine Act and signed by SEC secretary Vanessa Countryman, records only that the meeting “has been cancelled,” making no mention of a new date. A spokesperson separately told reporters the session would move to a later date “due to an unforeseen scheduling issue,” without elaborating.

The commission had dated its original notice August 10, giving roughly three business days’ warning, with a single item on the agenda.

The commissioners had been due to decide whether to publish for comment a set of exemptions letting crypto startups raise capital without complying with traditional securities offering rules, an escape hatch from registration that founders have sought for years. A vote would not have created anything binding, only opened a proposal to public comment, but it would have been the first time the agency attempted crypto-specific rulemaking rather than applying existing securities law.

The meeting had been announced on Monday, four days ahead rather than the customary week, and was widely read as the SEC moving to fill the gap left when the Senate departed on Saturday for a five-week recess without advancing the Clarity Act.

Both routes now stalled

<![CDATA[<span data-mce-type="bookmark" style="display:inline-block;width:0px;overflow:hidden;line-height:0" class="mce_SELRES_start"></span>]]>

That bill’s next procedural test is not expected until September, and its prospects for this year are thin. Traders on Myriad, a prediction market owned by Decrypt’s parent company Dastan, put the chances of it being signed into law in 2026 at 20%.

SEC Chairman Paul Atkins set out broad guidance towards the crypto industry in March, saying a safe harbor could cover startups worth up to $5 million experimenting with crypto in their first four years, entrepreneurs raising up to $75 million through investment contracts, and tokens whose creators have ceased all essential managerial efforts. A separate innovation exemption, still in progress, would let firms experiment with blockchain-based stocks and similar products without meeting every SEC disclosure requirement.

The Commodity Futures Trading Commission is still proceeding with its own event, an inaugural meeting of its Innovation Advisory Committee on August 20 whose agenda opens with a session titled “Crypto’s Regulatory Evolution: From Uncertainty to Clarity” and goes on to cover artificial intelligence and prediction markets. It is advisory, and produces recommendations rather than rules.

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August 14, 2026 0 comments

Press Release

MEXC’s August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100%

by admin August 14, 2026

written by admin

Mutsamudu, Comoros, August 14th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has released its August 2026 Proof of Reserves (PoR) report, audited by Hacken, showing that reserve ratios for all major assets remained above 100%, with the BTC reserve ratio reaching 288%. This report reflects MEXC’s robust financial position and its continued commitment to safeguarding user assets.

Amid a broader wave of consolidation across the crypto exchange industry in 2026, MEXC continues to stand out by releasing monthly Proof of Reserves reports independently audited by Hacken, allowing users to verify at any time that their own assets are fully accounted for within the platform’s reserves.

According to the audited report, the BTC reserve ratio is 288%, covering 4,282.20 BTC in user assets. The USDT reserve ratio is 115%, covering 1,691,925,884.19 USDT in user holdings. The USDC reserve ratio is 114%, covering 170,998,567.28 USDC in user holdings. The ETH reserve ratio is 113%, covering 58,457.33 ETH in user holdings.

Beyond PoR, the MEXC Futures Insurance Fund — which reached 751 million USDT as of its latest disclosure — absorbs losses from liquidations triggered by extreme market conditions, helping ensure user positions are not improperly liquidated. The MEXC Guardian Fund is a dual-reserve structure combining USDT and BTC. It is planned to expand from $100 million to $500 million over the next two years. MEXC employs a multi-layered security framework designed to protect user assets across different levels of the platform. This includes AI-driven risk monitoring, regular security audits, and round-the-clock multilingual customer support.

MEXC will continue to disclose PoR monthly and further strengthen user asset protection measures to provide users with a secure and reliable trading environment.

To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

Contact

MEXC PR team
media@mexc.com

August 14, 2026 0 comments

Press Release

Crypto Player Takes Home $1.749M After a Million PSG Bet on 1win

by admin August 14, 2026

written by admin

Willemstad, Curaçao, August 14th, 2026, PlayNewswire

A high-stakes crypto player connected to 1win’s Global Crypto Ambassador network received a 1.749 million USDC payout following a seven-figure wager on Paris Saint-Germain against Aston Villa in the 2026 tUEFA Super Cup.

The payout was received in USDC via the Ethereum network. Both the original deposit and subsequent withdrawal are publicly traceable on-chain, providing independent confirmation of the movement of funds.

The player joined 1win through the network of one of the brand’s Global Crypto Ambassadors, following the recent launch of the 1win Global Crypto Ambassador program. The initiative was designed to build a worldwide network of crypto-native creators, community leaders and active Web3 participants, as well as to connect 1win with established crypto communities.

The latest result also follows another seven-figure bet placed on 1win earlier this summer. In July, Mia Khalifa received a total payout of $1.65 million after placing a $1 million bet on Spain to defeat Argentina in the 2026 FIFA World Cup final.

The two million-dollar wagers within weeks of each other highlight the growing presence of high-stakes players on the platform. The latest case also demonstrates the role of stablecoins in high-value iGaming transactions, with the full cycle from deposit to payout conducted in USDC and recorded on Ethereum.

The win comes as 1win continues expanding its presence among crypto-native audiences, combining its Global Crypto Ambassador program with an increasing focus on digital assets and Web3 communities.

About 1win

Founded in 2016, 1win is a crypto entertainment platform in the global gaming industry. Operating across Asia, Latin America, and Africa, 1win offers a wide range of entertainment products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez, martial artist Jon Jones, and Olympic champion and UFC fighter Gable Steveson. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, and reggaeton star Nicky Jam as members of the 1win VIP community.

Contact

Press Office
1win
press@1win.pro

August 14, 2026 0 comments

Web3 Development

Ethereum Foundation pivots away from Poseidon in post-quantum plan

by admin August 14, 2026

written by admin

Advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake.

August 14, 2026 0 comments

DeFi Innovations

Kalshi Ordered to Halt Most Washington Event Contracts Under Sweeping Injunction

by admin August 14, 2026

written by admin

A Washington court order calls for Kalshi to block contracts tied to sports, elections, politics, entertainment, culture, technology, science and mentions, with GeoComply geofencing required by Sept. 2

Kalshi must halt most of its event contract operations in Washington under a sweeping preliminary injunction that extends well beyond the sports contracts targeted by most other states.

An order signed Wednesday finalizing the injunction’s terms bars Kalshi from offering or facilitating Washington trades involving sports, elections, politics, entertainment, culture, technology and science, and mention markets. Contracts involving commodities, climate, economics and finance may remain available.

“They were allowing bets on pretty much every aspect of American life,” Washington Attorney General Nick Brown said in a video posted to X on Thursday, citing markets involving sports, natural disasters and measles cases.

“We sued, and we won,” Brown said. He later acknowledged that the preliminary injunction does not resolve the underlying lawsuit: “This case isn’t over. There’s still a long way to go, but this is a great early win for us.”

We’re holding Kalshi accountable for running an illegal gambling operation. A court ruled that Kalshi must cease most of its operations in Washington in the coming weeks. As this case moves forward, we will continue to enforce Washington law and hold Kalshi accountable for… pic.twitter.com/Tds2xXy1rN

— Attorney General Nick Brown (@AGOWA) August 13, 2026

Kalshi must implement GeoComply geofencing

The order phases in the restrictions over the next three weeks. By Aug. 19, Kalshi must use IP addresses and customer residency information to prevent people in Washington from opening positions in prohibited contracts, including through third-party intermediaries carrying its markets.

By Sept. 2, Kalshi must deploy multi-source geolocation technology provided by GeoComply. If the system is not operational by then, Kalshi could face penalties of $120,000 per day. The company can instead submit an affidavit describing its implementation efforts, leaving the court to determine whether it exercised sufficient diligence and whether penalties are warranted.

Kalshi must also stop advertising the prohibited contracts specifically to Washington consumers and make good-faith efforts to exclude the state from nationwide campaigns when technologically feasible.

Washington users can still exit existing positions and withdraw their funds. Kalshi must also preserve records connected to those customers while the litigation continues.

Kalshi continues to dispute Washington’s authority

Brown sued Kalshi on March 27 after the Washington State Gambling Commission declared in December that event contract markets were not authorized in the state. The complaint alleges violations of Washington’s Gambling Act and Consumer Protection Act.

Kalshi immediately removed the case to federal court, arguing that the Commodity Exchange Act gives the CFTC exclusive jurisdiction over its federally regulated exchange. A federal judge returned the case to state court in May, and the Ninth Circuit denied Kalshi’s request to pause the proceedings during its appeal.

King County Superior Court Judge John McHale granted Washington’s request for a preliminary injunction in July, finding that the state was likely to prove its claims and that continued operations could substantially harm consumers. He then directed the parties to propose the language and scope of the restrictions.

“States don’t have jurisdiction to regulate prediction markets,” Kalshi said after that ruling, according to Reuters, pointing to federal decisions supporting CFTC exclusivity. Kalshi appealed the injunction, but must now implement geofencing while continuing to challenge the state’s authority and the breadth of the restrictions.

Washington order goes further than other state blocks

Washington’s injunction appears to be the broadest court-ordered restriction on Kalshi’s product range to date. Before the Washington order, Michigan and Nevada were the only states to implement active court-ordered restrictions, while a Massachusetts injunction remained paused during Kalshi’s appeal.

The Michigan restriction applies only to sports contracts. Nevada’s order blocks sports, election and entertainment contracts. Washington reaches those subjects and adds politics, culture, technology and science, plus mention markets, leaving only a handful of expressly permitted categories.

The action could also have implications beyond Kalshi. The Gambling Commission’s December notice applied broadly to event contract markets, although Washington has not filed a comparable enforcement case against another platform.

Robinhood filed a preemptive federal lawsuit against Brown and the commission on March 30, three days after Washington sued Kalshi. Robinhood argued that the state’s actions created an imminent threat to its event-contract business, which distributes markets from Kalshi and ForecastEx.

Crypto.com-owned Nadex followed on July 22, two days after McHale granted the preliminary injunction. Crypto.com’s OG platform similarly argued that Washington’s action against Kalshi demonstrated a “concrete and imminent threat” that the state would pursue other federally regulated platforms.

For now, Kalshi remains Washington’s only direct prediction-market enforcement target. But the breadth of the injunction gives the state a potential roadmap for pursuing significantly more than sports contracts on competing platforms if the order survives appeal.

Mike Breen

Mike Breen has been a professional writer and editor covering a wide range of topics for more than 30 years. He’s been a freelance gaming industry writer since 2020, reporting on sports betting, online casinos, and more for various Catena Media sites, and he began reporting on prediction market industry news in 2025 for Prediction News. Prior to that, Mike was a founding editor at his hometown altweekly newspaper in Cincinnati, Ohio, where he extensively covered local arts, music and news.Mike’s published writing has received recognition and several awards from organizations like the Society of Professional Journalists and the Association of Alternative Newsmedia.When Mike is not working, he enjoys playing and listening to music, attending comedy shows, watching movies, and spending time with his family and three cats.

August 14, 2026 0 comments

Bitcoin & Altcoins

Coinbase Expands Derivatives Trading To UK Professional Clients

by admin August 14, 2026

written by admin

Coinbase has launched futures, options, and perpetuals for professional clients in the United Kingdom, expanding its derivatives offering through its MiFID authorization.

The rollout is not for UK retail users. Eligibility is limited to users classified as Professional Clients, which means they must meet criteria tied to trading activity, portfolio size, or relevant professional experience.

That is the most important detail.

Crypto derivatives can offer hedging, leverage, and more sophisticated trading strategies, but regulators draw a clear line between professional and retail access. Coinbase’s UK expansion gives qualifying clients more tools, while keeping retail users outside the product set.

For more details, visit the official Coinbase platform.

TL;DR

Coinbase has expanded derivatives access for UK Professional Clients.
Products include futures, options, and perpetuals.
The offering is not available to ordinary UK retail users.

Why UK Derivatives Access Matters

The UK has a complicated relationship with crypto derivatives.

Retail access has been heavily restricted, but professional and institutional markets continue to develop through regulated structures. Coinbase’s move fits into that gap: more advanced products for clients who meet professional standards.

For qualifying users, derivatives can be useful.

They allow traders to hedge spot exposure, manage risk, express views without holding the underlying asset, or structure more complex strategies around volatility and timing.

For Coinbase, the offering helps deepen its institutional and professional trading business in a major financial market.

Professional Client Status Is The Gate

The eligibility criteria matter because “professional” is not just marketing language.

Elective professional status typically requires users to meet certain thresholds. These can include trading frequency, portfolio size above €500,000, or relevant professional experience in financial markets.

That means a casual UK crypto user should not expect access.

This distinction protects the accuracy of the story and the regulatory framing. Coinbase is not reopening crypto derivatives to everyone in the UK. It is expanding access within a defined professional-client framework.

That may still be commercially meaningful, but it is not a retail mass-market launch.

Derivatives Deepen Market Structure

Spot trading is only one part of a mature market.

Derivatives are where many professional traders manage exposure. Futures and options can support hedging, basis trades, volatility strategies, and risk transfer. Perpetuals, while crypto-native, are also central to liquidity and price discovery in digital assets.

Offering these products to UK professionals gives Coinbase a more complete trading stack.

It also helps the exchange compete with other venues serving institutional and sophisticated crypto clients.

The more regulated venues offer derivatives, the more professional flow may move away from purely offshore platforms.

Why This Matters For Ethereum And Major Assets

The announcement may be especially relevant for larger assets such as Bitcoin and Ethereum, because professional derivatives demand usually starts with the most liquid markets.

Institutions are more likely to trade products where spreads are tight, liquidity is deep, and risk models are mature. That tends to favor BTC and ETH first, before moving further into altcoins.

Over time, derivatives access can help build more efficient markets around major crypto assets.

But efficiency cuts both ways. Leverage can support liquidity, but it can also amplify volatility when positioning gets crowded.

A Regulated UK Crypto Market Is Taking Shape

Coinbase’s expansion is another sign that the UK crypto market is becoming more segmented.

Retail users face one set of rules. Professional clients face another. Regulated firms are building inside those boundaries rather than waiting for a single open market.

That may frustrate some users, but it is likely how crypto integrates into traditional finance.

The immediate takeaway is clear: Coinbase is giving UK professional clients access to a broader derivatives suite, but ordinary retail investors are not included.

Crypto derivatives are expanding in the UK, but only through the professional lane.

This article is based on Coinbase’s official UK derivatives announcement.

This article was written by the News Desk and edited by Samuel Rae.

August 14, 2026 0 comments

Press Release

MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times

by admin August 13, 2026

written by admin

MUTSAMUDU, Comoros, August 13th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has released its July TradFi trading data. Monthly trading volume in Stock and Index Futures increased by 64%, while the number of available instruments exceeded 285. Storage-related Futures volume rose by more than fivefold and accounted for nearly 20% of total TradFi Futures volume for the month, making storage the largest contributor to growth in July.

Storage Emerges as the Main Growth Driver in Futures Trading

Trading trends across AI-related instruments on MEXC diverged sharply in July. Storage-sector volume increased by 575% month over month, while computing-chip volume declined by 18%, indicating a shift in trading interest from computing chips toward data storage.

Growth within the storage segment was concentrated among leading names. SanDisk (SNDK) recorded a 1,573% month-over-month increase and ranked first by trading volume among Stock and Index Futures. Micron (MU) trading volume rose by 130%, placing it third, while SK Hynix (SKHYNIX) increased by 1,274% to rank fifth, and Samsung (SAMSUNG) climbed by 1,406% to rank ninth. By contrast, NVIDIA trading volume declined by 38%, ranking it tenth.

The shift may reflect growing market attention beyond AI computing chips toward the storage layer of AI infrastructure. As AI training and inference require greater data capacity and more high-bandwidth memory, segments such as HBM and NAND are attracting increased interest.

Trading interest in the AI sector also expanded beyond individual stocks to sector and regional market instruments. The leveraged semiconductor ETF SOXL posted a 912% month-over-month increase and ranked seventh, while the leveraged South Korea ETF KORU rose by 3,044% to rank eighth, the largest increase among the top 10 instruments.

Beyond U.S. and South Korean stocks, MEXC has also listed Japan’s Kioxia and China’s ChangXin Memory Technologies. Through individual stocks, industry ETFs, and regional market ETFs, users can access different parts of the global AI value chain with USDT from a single account, without switching between multiple regional brokers.

Trading activity also increased in AI application-layer instruments. Volume in robotics and automation rose by 129% month over month in July. However, the segment remains relatively small, and market participation is still at an early stage. On July 31, MEXC listed Pre-IPO Futures for Unitree Robotics, enabling users to participate in trading before a potential public listing. With the continued addition of related instruments, MEXC TradFi Futures now span multiple parts of the AI value chain, including models, chips, storage, energy, and robotics.

Outside the AI segment, U.S. stocks with close ties to the crypto market also gained traction in July. Trading volume across the group increased by 66% month over month, led by Strategy (MSTR) at 85%, followed by Coinbase at 59%, Circle (CRCL) at 48%, and Robinhood at 35%.

Tokenized Stocks Account for 62% of TradFi Spot Volume

Tokenized stocks became the largest category within MEXC’s TradFi spot market in July, accounting for 62% of total spot trading volume. The number of available instruments increased by 11% month over month.

Unlike the more concentrated trading activity in Futures, spot-market activity was distributed across a broader range of themes. SpaceX (SPCX), the most actively traded tokenized stock, accounted for only 1.7% of tokenized-stock volume, while the top 10 instruments together represented less than 9%.

The top 10 covered nine categories: commercial space, stablecoins, storage, electric vehicles, semiconductors, Bitcoin-related equities, software, index ETFs, and AI servers. The distribution reflects more diversified trading demand in the spot market.

MEXC now offers a stock-related product suite spanning Pre-IPO Futures, Stock and Index Futures, tokenized stocks, and RealStocks. The platform provides more than 285 Stock and Index Futures, over 200 tokenized U.S. stock instruments, and access to more than 7,000 U.S. stocks and ETFs through RealStocks. Users can access these different forms of stock-related trading using USDT from a single account.

On August 8, MEXC launched its first annual brand campaign, MEXC 0808: Stock Season. During the campaign, users can trade Stock Futures, tokenized stocks, and RealStocks with 0 trading fees, alongside a total prize pool of $500,000. The campaign runs through August 28.

MEXC CEO Vugar Usi said, “Interest across the AI value chain and global equity markets is evolving at an unprecedented pace, as investors look beyond traditional asset boundaries for the next generation of opportunities. At MEXC, we believe access should evolve with them. By combining 0-fee trading, USDT settlement, two-way Futures, and broader asset coverage, we are reducing the friction of moving between markets and building a more connected trading experience where investors can discover opportunities, express conviction, and manage exposure from one platform.”

About MEXC

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Contact

MEXC PR team
media@mexc.com

August 13, 2026 0 comments

Press Release

Pepperstone Appoints New CTO to Drive AI-Native Proprietary Tech Push

by admin August 13, 2026

written by admin

Former Xero engineering executive Nigel Fernandes will lead Pepperstone’s push to own more of its technology as the business expands into crypto and new markets.

MELBOURNE, Australia, Aug. 13, 2026 /PRNewswire/ — Melbourne-based Pepperstone, a global online trading and fintech provider serving clients in more than 160 countries, today announced the appointment of Nigel Fernandes as Chief Technology Officer (CTO), effective 1 October 2026. The appointment comes as Pepperstone accelerates its shift toward owning more of its own technology, building a broader fintech ecosystem spanning crypto, AI-native engineering and institutional-grade infrastructure.

Fernandes brings more than 20 years of technology leadership experience across financial services, retail, media and enterprise software. He will join from Xero, where he serves as SVP and Executive General Manager of Engineering leading a global organisation across cloud platforms, customer identity and data. Prior to Xero, he held senior leadership roles at Publicis Sapient, Coles Group, SEEK and Envato.

“I’m excited to be joining Pepperstone at such a pivotal time for the business,” said Fernandes. “My focus will be building on the quality global brand that traders have trusted for years, investing in the technology we own to scale an AI-native engineering foundation that gives clients faster, more reliable access to the tools they need.”

“The technology underpinning our client experience is core to everything we do. We’re expanding Pepperstone into a genuine fintech ecosystem that opens access to crypto and new markets, while investing in our own technology to give clients a more personalised experience,” said Tamas Szabo, Group CEO of Pepperstone. “Nigel’s track record building high-performing engineering teams at some of the world’s best technology companies makes him the right leader to help us build that.”

As CTO, Fernandes will lead engineering, architecture, security and data globally, reporting to Group CEO Tamas Szabo. He will be based at Pepperstone’s global headquarters in Melbourne.

About Pepperstone

Pepperstone is a global fintech and CFD broker serving traders in more than 160 countries. The company provides access to forex, indices, commodities, shares, ETFs and digital asset markets through industry-leading platforms, competitive pricing and a strong regulatory framework.

August 13, 2026 0 comments

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