Law and Order

Regulators Eye Stock Jumps Before Corporate Crypto Buys: WSJ

In brief The outreach was based on a review of 200+ firms with crypto-treasury plans, but only some were reportedly flagged. Regulators are reportedly examining whether leaks or trading on material non-public information may have occurred. Observers have warned that poorly timed treasury strategies may appear gimmicky and expose firms to instability. The Securities and…

Business

China Presses Brokers to Halt Real-World Asset Tokenization in Hong Kong: Report

In brief Chinese regulators have reportedly given informal guidance to brokers to halt tokenization activity offshore. Hong Kong is pushing ahead with stablecoin licensing and its broader digital asset push. Observers see a temporary cooling period, not a reversal of institutional demand. China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset…

Markets

Public Keys: Crypto IPOs Sizzle, Missing Gensler Texts Grizzle

In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…