Zeros

Cuomo Trades Albany for the Order Book Andrew Cuomo has a new title, and this one didn't require an election. OKX founder and CEO Star Xu announced on X that the former New York governor is joining the digital currency exchange's board of directors, formalizing a relationship that's been building since 2023. Xu called it a step toward making OKX the, "infrastructure layer for both traditional and digital finance," which is a mouthful , but the plain version is simpler: OKX wants a name that regulators and Wall Street already trust. For readers who've been more focused on faucets and FreeWallet than exchange politics, OKX is one of the largest digital currency exchanges globally , serving over 100 million customers who trade, hold, and move digital assets through it. It's also the exchange that pleaded guilty last year to operating an unlicensed money-transmitting business, agreeing to pay over $504 million in penalties before relaunchin...

When Wall Street Wants 24/7 Trading But Won't Share Their Toys The SEC is reportedly developing a plan to let tokenized stocks trade on blockchain, and the reason is both predictable and slightly absurd: traditional financial institutions want to trade around the clock . They've been pushing the regulator to greenlight always-open markets, because apparently waiting for market hours is so 2019. But here's where it gets interesting: While everyone assumed tokenized stocks would be a massive windfall for the digital assets industry— particularly for networks like Ethereum — Dragonfly partner Rob Hadick is pouring cold water on that narrative. According to him, this whole thing might benefit traditional finance far more than it benefits cryptocurrency. The institutions want 24/7 trading and better economics, sure, but they don't actually want to play in the blockchain sandbox. The Great Leakage Problem Here's the part that should make any...