Breaking news from yesterday and thoughts - Both Kraken and Robinhood are bringing tokenized stocks into market with different approaches, Kraken’s @xStocksFi goes with a decentralized way to trade tokenized stocks on Solana, while Robinhood’s uses centralized distribution targeting European users. Robinhood on EthCC announced it’ll launch 200+ tokenized US stocks and ETFs on Arbitrum for users in Europe, complete with in app dividends and perpetual futures trading. They’re also bringing ETH and Solana staking to the US and Europe, and working on their L2 built on Arbitrum. On the other hand, Kraken’s xStocks is already live on Solana, backed 1:1 by real shares and held by a custodian. Investors can redeem tokens for the actual cash value of the shares, allowing true arbitrage, creating a decentralized price discovery mechanism. Robinhood’s can only be traded within Robinhood’s app. Robinhood controls pricing directly, basing token prices on real stock prices and acting as an intermediary. So, they’re more like blockchain based derivatives with centralized price control and trading limited to regular market hours. - Maple has added EtherFi’s weETH as collateral for its on chain credit platform. This will allows qualified borrowers to access USDC loans while earning ETHFI rewards. To encourage adoption, Maple is offering a 2% APY rebate in ETHFI on the first $50 million in weETH-backed loans. These overcollateralized loans have a two-month term and a $5 million minimum size, providing a new liquidity option for weETH holders. - DeFi chain @katana is live on mainnet. It uses a custom OP Stack variant called cdk-opgeth and connects to AggLayer’s Vault Bridge for cross chain interoperability. Katana is aimed to become a deep liquidity hub for AggLayer connected chains, enabling seamless liquidity access and potentially generating significant fee revenue for $POL stakers. - Circle has applied for a national banking license. If approved by the US Office of the Comptroller of the Currency (OCC), Circle—operating as First National Digital Currency Bank— would be able to securely hold its reserves and manage crypto assets for institutional clients. However, this license wouldn’t allow them to take deposits or offer loans like a traditional ban - The US SEC has approved conversion of Grayscale Digital Large Cap Fund LLC into a Spot ETF that holds BTC, ETH, XRP, ADA, SOL - Bitfinex backed L1 @stable unveil phase 1 of its roadmap. It’ll use USDT as its native token for gas and settlement fees. Aimed at solving inefficiencies like high fees and slow settlements, Stable will offer sub second block finality, full EVM compatibility, and gas free transactions via a L0’s USDT0. - Eric Trump and Donald Trump backed American Bitcoin, a newly launched mining firm, has raised $220M through a private placement of over 11 million new shares. - Botanix Labs Spiderchain is live on mainnet. With support from GMX and Dolomite, Spiderchain aims to bring Bitcoin security to EVM dapps using a decentralized, multisig-based security model. - @vooi_io , the perps DEX backed by YZi Labs, has launched its V2 mainnet, introducing crosschain trading through integrating @OneBalance_io chain abstraction toolkit.