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BTC $63,624.12 -4.63%
ETH $1,796.57 -3.59%
BNB $618.04 -5.43%
XRP $1.19 -2.38%
SOL $71.20 -4.72%
TRX $0.3328 +0.19%
DOGE $0.0908 -2.51%
ADA $0.1988 -6.73%
BCH $241.60 -10.50%
LINK $8.31 -0.98%
HYPE $74.80 +6.42%
AAVE $73.95 -0.10%
SUI $0.8187 +0.42%
XLM $0.2067 -8.80%
ZEC $622.04 -0.29%

zed

RootData released the "Tokenized Stock Exchange Vendor and License Map."

The tokenized asset platform RootData released the "Tokenized Stock Exchange Vendor and License Map," systematically sorting the suppliers, brokerage paths, and regulatory licenses of mainstream exchanges such as Binance, Gate, Bitget, and Bybit in three categories of products: real stocks, TradFi stocks, and tokenized stocks. The map shows that the current stock asset structure of exchanges has gradually formed a three-tier architecture: real stock spot mainly relies on a regulated brokerage system for securities execution and custody; TradFi stocks are primarily based on CFDs/Perps; tokenized stocks are mainly supported by solutions like Ondo and xStocks. Among them, Binance currently accesses Alpaca Securities through Nest Trading to provide exposure to real US stocks/ETFs and has launched Ondo stock tokens in the Alpha zone, with plans to introduce bStocks later; Gate has formed a dual supplier system with xStocks and Ondo; Bybit currently mainly adopts the Backed Finance (xStocks) solution; Bitget provides 1:1 tokenized products for US stocks/ETFs through its own Reality (rToken) brand. RootData believes that as the tokenized stock market heats up, competition among exchanges is gradually shifting from simply launching products to the underlying broker, real securities custody, and regulatory license capabilities, with licensed brokerages like Alpaca Securities strengthening their infrastructure roles across multiple platform ecosystems.

In the Ural region of Russia, 10,000 mining machines were seized from an illegal mining site, with electricity cost losses amounting to nearly 1 billion rubles

According to Bits.media, a large illegal cryptocurrency mining operation was discovered in the city of Nizhny Tagil in Sverdlovsk Oblast, Russia, and the nearby city of Kushva. The mining operation was hidden in an abandoned industrial park and deployed about 10,000 mining machines, which were dismantled by a joint operation of the Federal Security Service of the Russian Federation, the police, and the power company.Local power companies estimate that the losses caused by the long-term illegal electricity usage of this mining operation amount to nearly 1 billion rubles (approximately 12.7 million USD). Investigators stated that its electricity consumption was sufficient to meet the lighting needs of a small city. Law enforcement has arrested three suspects, who are currently under house arrest and are being investigated for "causing property damage through deception or abuse of trust." Under Russian law, those involved could face up to 5 years in prison.Investigations revealed that the operators of the mining site accessed the power grid through intermediaries and allegedly tampered with electricity meter data to cover up the actual electricity usage. Law enforcement agencies stated that the actual electricity consumption of the mining operation was about twice the approved quota. The local energy department initially launched an investigation due to frequent voltage fluctuations, power outages, and equipment failures in the abandoned factory area, ultimately pinpointing the location of the mining operation. A local television station also produced a documentary titled "Mining" to document this operation.
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