stocks

According to The Block, Hyperliquid's block trading layer Silhouette launched its Request for Quote (RFQ) trading system on the mainnet on Tuesday, initially supporting tokenized stocks from Payward's tokenized stock framework xStocks. Silhouette stated that the system allows traders to initiate quote requests for any supported xStock and receive competitive quotes from connected market makers, with winning trades able to settle on-chain at any time and in any size.The RFQ system enables trading of supported xStocks without a dedicated order book, and tokens that generate sufficient trading activity can subsequently be upgraded to an independent HyperCore market. Silhouette founder Chandler De Kock mentioned that while tokenized stocks continue to go on-chain, they mostly lack trading venues, and market makers compete for each trade, with settlement completed on-chain, proving that assets with real liquidity will be upgraded to their own HyperCore market.xStocks was launched in June 2025 and is said to have processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. The platform issues publicly listed stock tokens pegged 1:1, and its business has expanded from U.S. stocks to European and Asian markets. RWA.xyz data shows that the existing tokenized stocks amount to approximately $2.53 billion, with xStocks accounting for about $620.1 million, ranking as the third-largest issuer, following Ondo (approximately $856.3 million) and bStocks (approximately $621.5 million).

The parent company of Kraken, Payward, announced a partnership with the London Stock Exchange (LSE) to tokenize the stocks of the 100 largest companies listed on the LSE into xStocks, which are backed 1:1. The first London-listed xStocks are expected to be launched on Kraken and other platforms supporting the xStocks Alliance in the coming weeks, available to investors in over 110 countries, but not yet open to UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched extended trading hours, LSE 24. LSE CEO Julia Hoggett stated that by collaborating with Payward and continuously working with the market infrastructure ecosystem, they are exploring how issuers and investors can benefit from new access methods while maintaining the standards that underpin the public market. In addition to tokenizing existing stocks, both parties will also explore the issuance of native equity tokens through LSE infrastructure, which have the same rights as traditional stocks and are fully interchangeable.Payward's tokenized stock framework was launched in June 2025 and acquired by Payward in December, having processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. According to RWA.xyz data, there are currently approximately $2.53 billion in existing tokenized stocks, with xStocks tokenizing about $606.6 million, making it the second-largest issuer after Ondo.

According to the official announcement, Binance has announced the launch of US stock and ETF options trading, offering physically settled options contracts, allowing users to trade call or put options, with the maximum loss limited to the premium.This service is provided through NestTradingLimited as the introducing broker, in collaboration with AlpacaSecurities, supporting currencies such as USDC, USDT, USD1, U, BNB, and is limited to limit orders.

The London Stock Exchange (LSEG) and Payward, the parent company of the cryptocurrency exchange Kraken, announced a partnership to bring stocks of the largest listed companies in the UK onto the blockchain. In the coming weeks, the stocks of the top 100 companies listed on the LSE will be available on Payward's xStocks tokenized stock framework. These xStocks are tokens that correspond one-to-one with the underlying stocks, allowing for 24/7 trading on centralized exchanges, self-custody wallets, and on-chain applications.This initiative continues the rapidly expanding framework of Payward. Over the past year, the cumulative trading volume of xStocks has exceeded $40 billion, with nearly $20 billion settled on-chain, and more than 200,000 product holders. Through the blockchain channel, UK-listed stocks will be able to reach investor groups in over 110 countries, although xStocks are currently not available to domestic UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched 24-hour trading platform, LSE 24, and will gradually cover tokenized stocks and more asset classes in the US, EU, UK, and Hong Kong. Both parties also stated that they will explore stock tokens issued natively by the LSE, allowing LSE members to issue and service stocks directly on-chain, with the same full interchangeability and rights as traditional stocks. Payward Co-CEO Arjun Sethi stated that for years, people have assumed that crypto and traditional finance must collide and one side would lose, but that has never been the real story;

StableStock, a stablecoin stock trading platform, announced the launch of its Korean stock trading feature, allowing users to trade Korean-listed stocks and ETFs using stablecoins. The first batch includes over 300 Korean stocks and ETFs, covering sectors such as semiconductors, automobiles, internet, and biomedicine, including Samsung Electronics, SK Hynix, Hyundai Motor, NAVER, and Kakao.The Korean stock trading on the platform corresponds to real Korean-listed stocks rather than synthetic assets, with trades executed and settled through licensed financial institutions. Over the past year, StableStock has served more than 23,000 users, with a cumulative trading volume reaching hundreds of millions of dollars. The platform has opened API services, supporting users and institutions in combining real stock spot and crypto derivatives to construct market-neutral and funding rate strategies.

According to Hong Kong 01, Binance founder Zhao Changpeng reflected on his journey from a rural area in Jiangsu to a net worth of hundreds of billions in an exclusive interview, sharing his "Four No" financial principles: do not buy stocks, do not speculate on real estate, do not trade cryptocurrencies, and do not hold excessive cash. He explained that real estate transactions are time-consuming and the returns are not worth it, and he never trades stocks or engages in short-term cryptocurrency trading, only holding long-term and selling some crypto assets when needed. "Holding fiat currency is the dumbest investment method; cash continues to depreciate."In 2013, Zhao Changpeng sold his house and invested all his money into Bitcoin, which at one point dropped two-thirds in value and remained stagnant for a year and a half. In 2017, he founded Binance, which became the world's largest cryptocurrency exchange in just five months. In 2023, he was sentenced to four months in prison for violating the U.S. Bank Secrecy Act, and was pardoned by Trump last year. His current net worth is approximately $114.6 billion. He admitted that success is a matter of luck, but the key lies in consistently making the right decisions and quickly correcting mistakes.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.39%, the S&P 500 down 0.26%, and the Nasdaq down 0.15%. Intel (INTC.O) rose 1.8% after reports that SK Hynix is seeking collaboration to develop chip production.

During the weekend market closure of traditional markets, the perpetual contract types of stocks on the exchange may be priced in advance for Monday's market. According to RootData, most popular stocks are above Friday's after-hours levels:Robinhood (HOOD) is currently at $106.90, up 2.62% from the last trading day's after-hours reference price of $104.17;SK Hynix (SKHY) is currently at $163.96, up 1.82% from the last trading day's closing reference price of $161.04;IREN (IREN) is currently at $35.99, up 1.58% from the last trading day's after-hours reference price of $35.43;Strategy (MSTR) is currently at $129.22, up 1.46% from the last trading day's after-hours reference price of $127.36;Semiconductor 3x Long ETF (SOXL) is currently at $112.81, up 1.27% from the last trading day's after-hours reference price of $111.39;Gold Mining Stocks ETF (GDX) is currently at $100.91, up 1.25% from the last trading day's after-hours reference price of $99.66;SanDisk (SNDK) is currently at $1,501.31, up 1.15% from the last trading day's after-hours reference price of $1,484.30;Seagate (STX) is currently at $831.98, down 1.04% from the last trading day's after-hours reference price of $840.73;Circle (CRCL) is currently at $87.94, up 0.94% from the last trading day's after-hours reference price of $87.12;TSMC (TSM) is currently at $421.26, up 0.91% from the last trading day's after-hours reference price of $417.46;

BitMine Chairman Tom Lee stated on CNBC that after Nvidia announced strong performance, its stock price rose, breaking the previous trend where positive earnings reports struggled to drive stock prices, indicating that investors still value the company's fundamentals. Software stocks like Salesforce, CrowdStrike, and Okta also strengthened, reflecting a positive market response to downstream AI transactions, with an overall healthy market reaction.Regarding the weak performance of AI-related stocks such as Meta, Amazon, Alphabet, AMD, and Micron, Tom Lee believes that some investors may have previously underweighted Nvidia and might need to sell other tech stocks to raise funds for increasing their Nvidia holdings. He pointed out that Nvidia's earnings expectations have been significantly raised, but the stock price has not fully caught up, and the price-to-earnings ratio is still contracting, with the current valuation remaining relatively low.Tom Lee also mentioned that data center construction is gradually becoming a political issue in the U.S. midterm elections. Even some Republican-led states and states supporting data center development are beginning to consider pausing related projects, which may be one reason for the recent poor performance of AI infrastructure-related stocks, with more funds shifting towards downstream AI targets.

The activity in the tokenized stock market has significantly increased, with the monthly transfer trading volume skyrocketing by 416% to $295 billion over the past 30 days, and the number of holding addresses has doubled.

According to Gate market data, as of the close of the Hong Kong stock market, the Hong Kong Hang Seng Index rose by 0.07%, while the Hang Seng Tech Index fell by 0.33%. Domestic property stocks led the gains, with Sunac China rising over 10%, CIFI Holdings Group rising over 5%, and Country Garden and Vanke Enterprises rising over 2%.The non-ferrous metals sector rose, with China Nonferrous Mining rising over 4%, Tianqi Lithium rising over 3%, and China Aluminum rising over 3%. The PCB and storage concepts weakened, with Shenghong Technology falling nearly 13%, Chipbond Technology falling over 8%, and Zhaoyi Innovation and Lattice Semiconductor falling over 5%.Large model concept stocks declined, with Zhiyu falling over 6% and MINIMAX-W falling over 4%.

According to the latest market data from Gate, several tokens in the Gate gStocks stock token sector have performed strongly in the past 24 hours. Among them, the top three performers are: MicroStrategy (MSTRG/USDT), which rose 11.61% in 24 hours, currently priced at $139.00; Circle Internet (CRCLG/USDT), which rose 4.58% in 24 hours, currently priced at $94.68; and Palantir Technologies (PLTRG/USDT), which rose 4.52% in 24 hours, currently priced at $185.38.

According to Gate market data, on August 28, both the Hang Seng Index and the Hang Seng Tech Index rose in the morning session. By the midday close, the Hang Seng Index was up 0.47%, and the Hang Seng Tech Index was up 0.6%.Hong Kong stock telecommunications infrastructure concept stocks led the gains, with Junzhi Group and Huanlian Lianxun rising over 4%, and Zhongji Xuchuang rising over 3%. Domestic property stocks collectively rose, with Xuhui Holdings Group and Sunac China rising more than 5%.

According to Gate market data, U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average initially up 0.2%, the S&P 500 index up 0.7%, and the Nasdaq up 1.57%. Nvidia rose 8.7%, Tesla rose 2.6%, SK Hynix rose 2%, and Broadcom rose 4%. The Nasdaq Golden Dragon China Index fell 0.74%, Baidu rose 4%, and Alibaba fell 3%.

According to Cointelegraph, Bitcoin's rebound in August has driven a surge in the stock prices of some previously underperforming mining companies, reversing the market preference that had shifted towards artificial intelligence and high-performance computing (HPC) mining firms. The latest report from BlocksBridge Consulting shows that Bitcoin's approximately 23% increase over the past week has outperformed most AI-related infrastructure stocks.The stock prices of three mining companies, Canaan, American Bitcoin, and Cango, rose between 41% and 67%, while CoreWeave increased by about 21%, Nebius by 17%, and IREN by 15%. Some mining companies with higher exposure to AI and HPC remained flat or declined. BlocksBridge pointed out that the three main catalysts for Bitcoin's rise include: the U.S. Treasury's announcement on August 19 to at least double the liquidity support for long-term Treasury repurchase agreements; a rise in regulatory optimism following a meeting between the White House and crypto executives, with Trump urging Congress to pass the CLARITY Act; and a short squeeze triggered after Bitcoin's breakout, leading to over $1.6 billion in crypto positions being liquidated within 24 hours.Additionally, BlocksBridge's previous analysis found that publicly listed Bitcoin mining companies' investments in AI data centers are about 15 times their AI-related revenue. From 2026 to date, the AI and HPC revenue of nine listed mining companies has reached $341.2 million, while related capital expenditures have amounted to $5.11 billion.

Ripple's multi-asset brokerage business Ripple Prime has launched the Delta One service aimed at institutional investors, officially expanding into the U.S. equity derivatives market. This service allows clients to execute total return swaps linked to U.S. listed stocks, indices, and digital assets, and supports cross-asset margin calculations.Noel Kimmel, President of Ripple Prime, stated that this is an important step in the development of Ripple Prime and a natural extension of the platform. The service is primarily aimed at financial institutions such as hedge funds and asset management companies, allowing clients to trade around the clock through a single counterparty. Ripple Prime currently has over $1 billion in regulatory net capital.Ripple Prime was renamed after Ripple's $1.25 billion acquisition of Hidden Road completed in October 2025. In August of this year, Ripple Prime completed a $275 million private placement of senior unsecured notes, and in May, it secured $200 million in debt financing from a fund managed by Neuberger Specialty Finance to expand its institutional lending capabilities.