U.S. Stocks News — Page 3
U.S. stock markets, listed companies, earnings and Wall Street developments.
CoinShares is set to go public in the United States through a $1.2 billion SPAC merger with Vine Hill Capital, allowing it to list on the Nasdaq Stock Market later in 2025. The European asset manager, which oversees $10 billion in assets and leads Europe’s crypto ETP market, aims to tap into the world’s largest investment market. Backed by a $50 million anchor investment, the deal is expected to accelerate CoinShares’ global expansion.
The U.S. Senate has added a clause to its crypto bill clarifying that tokenized stocks remain classified as securities, ensuring they fit within existing financial frameworks. The Responsible Financial Innovation Act of 2025 also splits oversight between the SEC and CFTC, with votes expected in the coming months. Meanwhile, over 100 crypto firms, including Coinbase and Ripple, have urged lawmakers to protect developers and non-custodial service providers, warning that unclear rules are driving talent out of the U.S.
Ondo Finance, in partnership with Chainlink, has launched its Ondo Global Markets platform, bringing over 100 tokenized U.S. stocks and ETFs onchain. The platform, live on Ethereum, is currently available to non-U.S. investors and is being promoted as “Wall Street 2.0.”
The Trump family launched two major crypto ventures in the same week. American Bitcoin went public on Nasdaq, while the World Liberty Financial (WLFI) token debuted on exchanges but has already dropped 30% since launch. A company tied to the Trumps holds nearly a quarter of WLFI, valued at $4.8 billion. Eric Trump’s stake in American Bitcoin is estimated at $548 million.
Chainalysis data shows Bitcoin dominates crypto adoption, pulling in over $4.6T in fiat inflows, with the U.S. leading at $4.2T. Layer-1 tokens followed with $4T, stablecoins just under $1T, and memecoins around $250B. Bitcoin’s share was especially strong in the UK and EU, where nearly half of fiat purchases went into BTC.
Coinbase CEO Brian Armstrong said the new futures index is part of building an “everything exchange,” tied to the firm’s broader “everything app” strategy. In July, Coinbase rebranded its wallet as the Base app, aiming to merge trading, payments, social media, and messaging in one platform.
Ethereum co-founder Joseph Lubin predicts that Ether will eventually surpass Bitcoin as the global “monetary base,” fueled by Wall Street’s adoption of staking, DeFi, and tokenization. He calls ETH the “highest octane decentralized trust commodity,” arguing its potential is far greater than most forecasts. Institutional clients are already allocating treasury assets to ETH, while stablecoin supply on Ethereum has surged past $160 billion, doubling since January 2024. Though Bitcoin still dominates as a store of value, Ethereum’s programmability and rapid ecosystem growth could accelerate the long-awaited “flippening.”
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