Jon Matonis appointed as Chairman of SOL Strategies Board

The partnership will focus on tokenized yield products, blockchain-based funds and institutional crypto markets. What to know : Payward, the parent of crypto exchange Kraken, is working with asset manager Franklin Templeton to develop a range of tokenized financial products for institutional investors. The collaboration will focus on blockchain-based offerings such as tokenized yield products, tokenized equities, custody services and actively managed onchain funds, some of which may be available to retail Kraken users in certain jurisdictions. Kraken plans to integrate Franklin Templeton’s BENJI tokenized money market funds as collateral and cash management tools, reflecting broader Wall Street interest in tokenized Treasuries and funds that can move collateral around the clock.

The crypto analytics firm plans to expand its AI-powered monitoring tools as stablecoins and tokenized finance grow rapidly, CEO Simone Maini said. What to know : Blockchain analytics firm Elliptic raised $120 million in a funding round led by One Peak, valuing the London-based company at $610 million and drawing backing from investors including Nasdaq Ventures and Deutsche Bank. The investment comes after a surge in crypto hacks that's seen nearly $3 billion stolen since the start of 2025 and amid mounting regulatory pressure on exchanges and banks to strengthen anti-money laundering and security controls. Elliptic plans to use the new capital to expand its AI-driven monitoring and risk analysis as stablecoins, tokenized assets and institutional blockchain projects grow.

Federal Reserve official Gulsby stated that service sector inflation may indicate an overheated economy.

According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average fell 0.06%, the S&P 500 index fell 0.35%, the Nasdaq fell 0.72%, and the VIX panic index rose 1.69%. Cryptocurrency concept stocks generally fell, with Upexi down 6.12%, MARA Holdings down 5.6%, Bit Digital down 4.42%, DeFi Development down 4.07%, and Sharpnink Gaming down 3.74%.

The US stock market opened lower, with the Dow Jones Industrial Average falling 24 points, the Nasdaq falling 198 points, and the S&P 500 index falling 0.34%.