Saturday, 10 October 2026
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Kraken's xStocks network has topped $800 million in assets backing its tokenised equities and ETFs, with over 300,000 unique holders, while regulators like ESMA continue to flag the counterparty risks inherent in wrapped token structures.
Robinhood CEO Vlad Tenev stated that while securities issuers retain authority over shareholder rights, they should not hold veto power over separate tokenized products that track their publicly listed shares, a position framed within the ongoing AMC dispute.
Edmond de Rothschild Asset Management advises clients to buy yen pullbacks, arguing the currency's recent gains signal the early stages of a broader revaluation after a prolonged period of undervaluation.
Asian currencies held steady in the opening hours of trade, though analysts warn that rising safe-haven appetite for the U.S. dollar could act as a persistent headwind for the region's greenbacks.
The euro remained pinned just above the 1.1600 level following the ECB's hawkish rate decision, with traders now turning their attention to upcoming US CPI data as the next major catalyst for the dollar.
U.S. Treasury Secretary Scott Bessent issued a pointed challenge to currency traders, asserting that his current market interventions carry the weight of insider knowledge and that those who test his resolve on the yen do so at their own risk.
The Japanese yen traded in a tight range against the dollar and a basket of peer currencies as traders positioned themselves ahead of a scheduled address by Bank of Japan policy board member Kazuyuki Masu.
US Treasury Secretary Scott Bessent publicly dared forex traders to counter his efforts to support the Japanese yen, claiming his market commentary now carries the weight of inside knowledge.
As the Japanese yen surges, currency strategists are turning their attention to the Chinese yuan as a viable funding currency for carry trades, reshaping how investors structure their FX positions.
The euro has been climbing steadily toward the 1.1600 mark against the dollar, with traders positioning ahead of the European Central Bank's upcoming rate decision and the release of fresh US inflation data.
The euro maintained its upward momentum above the 1.1600 level even after the release of solid US employment figures, with market participants now shifting focus toward the upcoming European Central Bank interest rate decision.
The British pound has posted gains on the forex floor while the U.S. dollar came under pressure, a move that runs counter to the usual dollar-strengthening effect of rising Federal Reserve rate-hike expectations.
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