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Korbit sells 15 BTC and 60 ETH as Korea exchange volumes hit 2-year low
Edgen Crypto·Jul 21 2026, 12:58Share to
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[1] Korbit sells 15 BTC and 60 ETH as South Korea's exchanges suffer historic volume collapse (https://cryptobriefing.com/korbit-sells-btc-e ...)[2] Exodus to cut 25% of global workforce in payments shift (https://www.coindesk.com/business/2026/07/20/ ...)[3] South Korea to Let Courts Freeze Crypto on Exchanges from October 2026 (https://www.econotimes.com/South-Korea-to-Let ...)[4] South Korea’s KOSPI index now more volatile than Bitcoin, and it’s not even close (https://cryptobriefing.com/south-korea-kospi- ...)[5] Korea’s Biggest XRP Market Is Cooling Just as Leverage Climbs Elsewhere (https://beincrypto.com/xrp-upbit-volume-lever ...)
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Jul 21 2026, 15:20
Ondo Finance launches tokenized stock collateral as ONDO jumps 16%
Ondo Finance launched tokenized stock collateral on Ondo Perps, letting Pre-Alpha users post SPYon and QQQon equities as margin for leveraged perpetuals. The feature is backed by the Depository Trust & Clearing Corp., positioning tokenized equities as a new collateral class in decentralized finance, Ondo Finance said. ONDO rose 16% to $0.37, with trading volume climbing to $289.6 million from about $54 million, CoinGecko data shows. The tokenized stock collateral feature allows traders to use SPYon and QQQon — tokenized versions of the SPDR S&P 500 ETF and Invesco QQQ Trust — as margin for leveraged perpetual positions on Ondo Perps. The move marks a step toward convergence of traditional finance collateral and crypto leverage, potentially attracting more institutional capital into DeFi. Ondo Finance, which tokenizes short-term US Treasuries offering on-chain yield, is building at the intersection of real-world assets and decentralized trading infrastructure. The launch comes as the real-world asset tokenization sector gains momentum, with major asset managers including BlackRock exploring on-chain fund products. Ondo Finance's tokenized Treasury product, which offers yield from short-term US government debt, has been among the more prominent RWA protocols on Ethereum. By accepting tokenized equities as collateral, Ondo Perps creates a direct bridge between traditional securities markets and crypto derivatives trading. The SPYon and QQQon tokens represent tokenized claims on two of the most heavily traded US exchange-traded funds, giving traders exposure to equity market collateral without leaving the DeFi ecosystem. This article is for informational purposes only and does not constitute investment advice.
Jul 21 2026, 14:50
Backpack Securities lists tokenized Intel stock on Solana at $103
Backpack Securities launched tokenized Intel Corp stock on Solana on Tuesday, with INTCX tokens trading at $103.03 on Raydium. The 1:1 backed tokens, issued via Backpack's Sunrise protocol, give holders exposure to Intel shares through blockchain infrastructure. "Tokenizing blue-chip equities on Solana unlocks DeFi composability for traditional assets," a Backpack Securities spokesperson said. "INTCX can be used in lending protocols and liquidity pools while maintaining its peg to Intel's stock price." INTCX carries a $149.43 million market capitalization with 1.45 million tokens in circulation, according to CoinGecko data. The token saw $3.33 million in 24-hour trading volume, a 772% increase, with the bulk of activity on centralized exchanges OKX and Kraken alongside Raydium's decentralized exchange. The token remains 40% below its all-time high of $172.38 set on May 11 and 218% above its all-time low of $32.43 from November. The launch marks the latest push to bridge traditional equities with decentralized finance on Solana, which has emerged as a leading chain for real-world asset tokenization. Backpack's Sunrise protocol handles issuance and settlement, with custodially held Intel shares backing each token across five chains including Solana, Ethereum, Arbitrum, BNB Chain, and Gram. The xStock ecosystem, which includes tokenized versions of Apple and Strategy shares, now holds a combined market capitalization exceeding $3.6 billion. On Raydium, INTCX trades against USDC and SOL, with the USDC pair offering the deepest liquidity at $10,330 in the pool. The token's availability on both centralized and decentralized venues gives traders flexibility in execution while keeping settlement on-chain. Competing tokenized equity platforms on Ethereum, including Ondo Finance and Backed, face growing pressure as Solana's low transaction costs and high throughput attract tokenization projects seeking retail liquidity. The broader tokenized real-world asset market has expanded to more than $15 billion in total value locked across all chains, with equity-linked products representing a growing share, according to DefiLlama. Intel, founded in 1968, remains one of the world's largest semiconductor companies by revenue, with key businesses in central processing units, data center infrastructure, and artificial intelligence hardware. The tokenized stock allows eligible users to gain equity exposure through crypto wallets and decentralized applications without leaving the Solana ecosystem, potentially driving new capital into Solana DeFi as traditional investors seek on-chain access to blue-chip equities. This article is for informational purposes only and does not constitute investment advice.
Jul 21 2026, 14:40
Washington blocks Kalshi as 5 states target prediction markets
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