Coinbase Will Launch Options Trading, Tokenized Stocks, and Borrowing Against Staked Solana

Forward Industries, the largest Solana treasury company by asset holdings, faced rejection on takeover bids from competitors Solana Company and Brera Holdings. The proposals aimed for all-stock mergers, but both firms declined without discussion, prompting Forward to express disappointment and stress the importance of cooperation.

Perpetual futures trading is now available for eligible U.S. clients on Kraken Pro, under domestic regulatory oversight. The contracts, listed on Bitnomial, offer leveraged exposure to assets without expiration dates, with funding rates adjusting prices to spot markets.

Strategy increased its Bitcoin holdings and bolstered its cash reserves to $1.1 billion, aiming to manage debt and pay dividends. The firm's stock rose 7.2% to $132.66 after purchasing 1,587 Bitcoin for $100 million last week, now owning 846,842 Bitcoin worth $56.3 billion.

A 32-year-old man has been indicted in Nancy over an attack on a couple, attempting to steal their cryptocurrency portfolio after obtaining their personal information from a breached crypto platform. The attackers fled after the couple’s daughters called the police from inside the house.

BitMine Immersion Technologies increased its Ethereum stake to over 5.6 million, adding 76,881 ETH worth over $139 million. The company also raised $274 million from its preferred share offering, with BMNP set to trade soon with a 9.5% annual dividend rate.

Over 28,000 crypto wallets pledged $560 million for SpaceX shares but received none, marking another failure in the industry's attempt at tokenized stock trading. Despite years of promises, the technology has not delivered on its efficiency improvements or increased liquidity as expected.

The Bangko Sentral ng Pilipinas (BSP) has issued new guidelines for Virtual Asset Service Providers (VASPs) in the Philippines, requiring rigorous due diligence and banning privacy coins. VASPs must monitor listed assets and comply with both BSP and SEC regulations independently.

Over $4.8 billion has exited U.S. Bitcoin ETF products since May, with a 25-delta options skew remaining at -4% to -5%. The Fed's meeting and institutional demand could aid Bitcoin's recovery, according to Decrypt.

Binance, Bybit, and Bitget refunded customers attempting to access tokenized SpaceX shares due to xStocks' failure to secure the underlying assets. Binance is now distributing $1 million worth of SpaceX shares to participants via bStocks.

Misam M. Abidi, of Nolensville, Tennessee, faces an 11-count federal indictment for allegedly running a fraudulent crypto investment firm called Star Credit Holdings between 2020 and 2024. Prosecutors claim he diverted over $1.9 million of investor funds to himself and family members.