Nvidia, Costco, Nike say no to tokenized stock venue

NYSE adds four transfer agents to its tokenized stock platform. Plus: Nvidia, Costco and Nike join the OKX–ICE pushback, and ZachXBT flags a suspected $106 million theft. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Monday, November 2, 2026 NYSE tokenized stock plans take shape as four more transfer agents join The New York Stock Exchange has added four firms — Broadridge, Computershare, Equiniti and tokenization company Superstate — as transfer agents for its planned tokenized securities platform, following earlier agreements with Securitize and tZERO. (Equiniti is being acquired by Bullish, CoinDesk’s parent company.) Computershare, Equiniti and Broadridge together serve nearly 5,000 listed companies, including almost 99% of the S&P 500. Broadridge will also provide onchain shareholder voting and governance, letting investors vote through supported digital wallets, brokerage platforms or its existing ProxyVote system. The NYSE wants to offer 24/7 trading, instant settlement and stablecoin funding, subject to regulatory approval. The platform is separate from the OKX–ICE venue. Read more → Finance Nvidia, Costco and Nike join pushback against OKX–ICE tokenized stock plans Nvidia, Costco, Nike and Micron are among 12 more companies that don’t want their shares traded on OKXICE, the tokenized stock venue from OKX and NYSE parent ICE, bringing the total to 50 in an Oct. 30 public notice. Of the 62 companies OKXICE first picked, 43 — about 69% — have now objected, and 19 have no disclosed objection, including Apple, Amazon, Tesla, Netflix, Palantir and Coinbase. That isn’t the same as an endorsement. With the 30-day response window ending around Tuesday for companies notified on Oct. 4, OKXICE co-chair Andrew Cuomo says he expects more companies to take part as the benefits of tokenization become better understood. 3-minute read → A message from Grayscale Your digital asset holdings could be working harder for you. With in-kind transfers available across 10 Grayscale products, eligible investors can exchange their crypto tokens for shares of the corresponding product — without first selling for cash. Three core features of in-kind investing: Put holdings to work. Shares may be eligible for use as margin or collateral. Where listed options are available, they may also help hedge exposure or generate income. Bring investments together. Incorporate crypto exposure into portfolio management and estate planning, including beneficiary designations. Simplify safekeeping. Underlying assets are held by institutional cusodians, reducing the burden of storing crypto and managing private keys. LEARN MORE Grayscale Exchange Traded Products (the “ETPs”) are not registered under the Investment Company Act of 1940 (40 Act) and therefore are not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. The ETPs are subject to significant risk, heightened volatility, and are not suitable for all investors. An investment in the ETPs is not a direct investment in any cryptocurrency. Extreme volatility of trading prices that many digital assets have experienced in recent periods, and may continue to experience, could have a material adverse effect on the value of the Fund and the shares could lose all or substantially all of their value. Digital assets represent a new and rapidly evolving industry. The value of the ETPs depends on the acceptance of digital assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the digital asset. Digital asset networks are developed by a diverse set of contributors and the perception that certain high-profile contributors will no longer contribute to the network could have an adverse effect on the market price of the related digital asset. Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets. Converting tokens in kind into Grayscale’s spot crypto ETPs may require selling or swapping tokens into the underlying asset, creating exposure to market impact, slippage, and timing risk. The ETP shares received may trade at a premium or discount to NAV. Tax treatment is uncertain and may trigger taxable events, particularly when contributing assets other than the ETP’s underlying crypto. Foreside Fund Services, LLC is the Marketing Agent and Grayscale Investments Sponsors, LLC is the sponsor of the ETPs. Tech EU entity suspected of losing $106 million from crypto exchange accounts, ZachXBT says Blockchain investigator ZachXBT says an unidentified European Union entity may have lost more than $106 million from accounts at multiple crypto exchanges on Sunday, though the losses haven’t been independently confirmed. The attacker withdrew USDC and USDT, swapped into ether, moved funds through instant-exchange services and converted some into privacy coin Monero, which can’t be frozen by an issuer. ZachXBT says he’s highly confident North Korea’s Lazarus Group was not responsible. The victim, the exchanges involved and how the attacker got access all remain unidentified. The suspected theft comes days after the Binance hack. 2-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.

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Bitcoin traders are bracing for a midterm bump

Crypto traders are bracing for a short burst of volatility around Tuesday’s U.S. midterm elections, not lasting turbulence. Plus: Morgan Stanley downgrades Coinbase, and tZERO plans to go public. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, November 2, 2026   Crypto traders are bracing for a short burst of volatility around Tuesday’s U.S. midterm elections, not a lasting stretch of turbulence. Bitcoin’s implied volatility term structure shows it: options expiring Nov. 4, just after Election Day, price in about 43.5% volatility, well above the roughly 36% for the expiries that follow. Futures open interest has held steady at about $58 billion for bitcoin and $23.58 billion for ether, which suggests traders aren’t taking fresh bets but buying insurance on what they already hold, and Laevitas notes that hedging demand like this tends to fade quickly once the event passes. The wider market has steadied above Friday’s Binance-hack lows, with bitcoin near $78,000 and ether near $2,290, a resilience Galaxy’s Alex Thorn calls a bullish sign as bitcoin closed above its 50-week moving average for a seventh straight week. Still, there are concerns: spot bitcoin ETFs saw about $643 million of outflows on Friday, the biggest since June. Stay alert. Read today’s full report → Market snapshot As of 9:30am ET Asset Price 24h BTC $78,017 +0.06% ETH $2,292 +0.99% SOL $94.45 −0.50% XRP $1.26 +0.40% Prices approximate. Visit coindesk.com/price for live data. What matters today Markets   Story 1 of 3 Morgan Stanley downgrades Coinbase (COIN), slashes price target 53% on weak earnings outlook Morgan Stanley downgraded Coinbase to underweight from equalweight and cut its price target to $120 from $258, with analyst Michael Cyprys writing that confidence in the earnings recovery has deteriorated. He cited weaker trading activity, a softer revenue outlook and uncertainty in crypto markets following the Binance hack. The bank cut its 2027 revenue forecast by 28% and its adjusted EBITDA estimate by 47%, and trimmed 2028 estimates by 18% and 25%, respectively. It now expects Coinbase to generate $2.4 billion in normalized EBITDA by 2028, about 14% below 2025 levels, and lowered the multiple it applies to that EBITDA to 12 times from 20 times. COIN was down 2.3% in early trading to about $140.25, adding to last week’s 10% decline. The downgrade follows Coinbase’s weak third-quarter report, with revenue of $1.22 billion, down 35% from a year earlier, and transaction revenue down 44% to $590 million as crypto trading volume fell 10% and volatility hit multiyear lows. Its fourth-quarter outlook showed little sign of a sharp rebound, with about $165 million in transaction revenue through Oct. 25. Read more → Finance   Story 2 of 3 Tokenization firm tZERO plans to go public in $350 million SPAC deal Tokenization firm tZERO plans to go public through a merger with blank-check company FG Imperii Acquisition Corp. (FGII), in a deal that values tZERO at $350 million and could provide up to $231 million in SPAC trust cash, subject to shareholder redemptions and expenses. The combined company plans to trade on NYSE American under the ticker TZRO, with the deal expected to close in early 2027 pending shareholder and regulatory approvals, and CEO Alan Konevsky is expected to stay on. tZERO has worked in blockchain-based securities since 2014, and its regulated subsidiaries provide trading, brokerage, custody and transfer agent services for digital securities. Intercontinental Exchange, parent of the New York Stock Exchange, is among its investors and chose it as a design partner for the NYSE’s blockchain-based securities trading platform. Konevsky said the deal is intended to give tZERO greater access to capital to scale its infrastructure-as-a-service model. The company also holds more than 100 blockchain-related patents and is in a legal dispute with rival Securitize over patents. Read more → Tech   Story 3 of 3 Elliptic finds no evidence of AI use in laundering $6.4B Binance loot Blockchain analytics firm Elliptic found no evidence that artificial intelligence directed the laundering of funds stolen in the $6.4 billion Binance hack, saying the activity resembled scripts written and supervised by people. The North Korean hackers used about 20 automated software services in less than three days, moving stolen funds through decentralized exchanges, lending protocols and cross-chain bridges. Elliptic co-founder Tom Robinson said the laundering is automated but nothing observed shows an AI agent making decisions, pointing to repeated transfers, failed transactions, reused amounts and small test transfers before larger sums, whereas an AI agent might have worked out why a transaction failed and tried something else. Elliptic has not ruled out AI involvement. The FBI confirmed that the Oct. 29 theft was carried out by North Korea’s TraderTraitor group. About $2.85 billion, or 44% of the stolen funds, has been frozen or seized, while the hackers still control about $3.28 billion across more than 950 wallets, mostly in bitcoin and ether, which a central issuer cannot freeze. Read more → CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences

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12 Pre-Booked Meetings With Qualified Buyers

Hi there, How much time does your team spend at events chasing the right people, rather than actually meeting them? At Consensus Hong Kong, February 1-3, we're changing that... Introducing Deal Flow+ a direct, predictable path to the conversations that build pipeline. 12 (or more) meetings with finance decision-makers. Booked before you land. Qualified buyers: Senior decision-makers at banks, asset managers, insurers and other financial institutions actively evaluating digital asset opportunities. Built-in interest: Every meeting is double opt-in. You choose who you want to meet, and they choose you. Less preparing, more selling: Buyer intelligence and a ready-made meeting schedule before you arrive. Fully managed: A dedicated Connections Specialist handles onboarding, scheduling and on-site support. Less time chasing introductions. More time building pipeline....and a meeting-delivery guarantee gives you added confidence in your investment, subject to program terms. Explore Deal Flow+ at Consensus Hong Kong Interested in learning more? I'd be happy to walk you through the opportunity and discuss how it could support your commercial objectives. INQUIRE NOW Copyright © 2026 CoinDesk. All rights reserved. CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY, 10011, USA Unsubscribe Manage Preferences

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