☕️ Twenty-Two Firms Opt Out of OKX-ICE Tokenized Stock Venue Corporate bitcoin purchasers face mounting capital demands for stock buybacks, while major US equities reject a tokenized trading pilot.
1. Major Firms Opt Out of OKX-ICE Tokenized Stock Pilot — Twenty-two public companies, including Microsoft and Alphabet, formally blocked their shares from trading on the SEC-approved OKX and ICE tokenized venue. Analysts noted the five-year limit on the SEC's regulatory relief deterred participation. 2. Treasury Issuers Divert Capital From Bitcoin Purchases — Strategy raised its preferred stock buyback cap to $3 billion, while Strive priced a $700 million offering with a 15% dividend rate. The rising cost of servicing preferred stock dividends and buybacks is reducing capital available for direct $BTC purchases. 3. ECB Frames Digital Euro as Defense for EU Sovereignty — European Central Bank board member Piero Cipollone said the digital euro will protect the region's payment sovereignty from foreign dependency. A pilot involving real transactions and 36 market operators is scheduled for next year.
📊 Bitcoin trades flat at $80,362 with market dominance at 60.7 percent, while total crypto market capitalization remains at $2.65 trillion.
