NYSE Owner and OKX File for 24/7 Tokenized Stocks | Ethereum Exit Queue Tops $2B | XRP Treasury SPAC Surges 273% | Daily Crypto Roundup.

SPEAKER_1 (0:00)

Welcome back to the Daily Crypto Roundup. Wall Street's next trading venue may never close. The owner of the New York Stock Exchange and OKX have filed to put more than 60 United States stocks on blockchain rails, with real voting and dividend rights. But today also brings a $2 billion Ethereum exit queue, millions in crypto election spending, and, near the end, an XRP treasury stock trading price that its own cash does not explain. At the time of recording, Bitcoin is around $85,580, up approximately 0.4% over 24 hours after trading between about $85,180 and $86,950.

Ethereum is near $2,702 and almost unchanged.

XRP is close to $1.50 and flat, while BNB is around $789 and slightly higher. Solana is near $119.60 and down roughly 1.7%.

Hyperliquid is close to $93 and up about 3.4%.

Chainlink is near $13.83 and lower by roughly 2.3%.

And Cardano is the strongest major move in this group, near $0.27 after gaining about 8.5%.

Tell us whether you would trade tokenized shares overnight or still wait for the opening bell.

New Kraken users who sign up using our link in the description can claim 20 XRP from Crypto News Today. Availability and eligibility vary by region. The 20 XRP is supplied by Crypto News Today, not Kraken. We're getting more active on X as well, so follow us at at CryptoNewsHQ for breaking stories and updates between episodes. This is not financial advice. Crypto trading involves risk of loss. The lead story is a filing that turns the tokenized stock debate into an actual venue proposal.

OKNCCE, a 50-50 venture between Crypto Exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange. Notify the United States Securities and Exchange Commission that it intends to launch under the agency's five-year innovation exemption. The platform plans to begin with shares from more than 60 United States listed companies. Trading would continue 24 hours a day and seven days a week, with faster blockchain settlement. This is not simply a synthetic token following a stock price. The exemption requires each token to preserve voting, dividend and information rights. Issuers receive 30 days to object before their securities are admitted. Former New York Governor Andrew Cuomo, who will co-chair the venture, said, Tokenization is gathering real momentum. That claim now has a measurable test. The global tokenized stock market is worth only about $3.2 billion, tiny beside the ordinary United States equity market. A filing and an exemption do not guarantee deep liquidity, tight spreads or a successful launch. What changed today is that a major exchange owner and a crypto venue have named the structure, scale and regulatory route. What did not change is the ownership of the companies, securities law or an issuer's right to say no. Investors could gain weekend access and faster settlement. Brokers gain fees. Existing venues and stablecoin issuers could lose business if cash and securities settled directly on blockchain rails. The counterargument is that always open trading can fragment liquidity. A token may be legally equivalent to a share, but trade at a worse price while the underlying exchange is closed.

The thesis fails if issuers object. Overnight spreads widen or volume stays small. Watch the launch date, company list, objections, custody, and any gap between the token and underlying share. Would 24-hour access be worth it if overnight liquidity is visibly thinner? Ethereum supplies the second story and the headline number needs context. About 786,000 Ether, worth more than $2 billion at recording prices, is still waiting to exit the validator set. The queue peaked near 851,000 Ether on October 2nd after MetaMask began precautionary exits for validators connected to a security incident. The current wait is roughly 14 days. At the same time, approximately 1.5 million Ether is waiting to enter staking, with an estimated 25-day delay. The larger entry queue shows staking demand has not disappeared. Exiting a validator does not prove the Ether will be sold. It may be secured and re-staked with new credentials. Leto said, No action is required from holders, and expects affected validators to return gradually. MetaMask says it has found no evidence that customer wallets or funds were compromised. The last affected validators are expected to stop by October 7th, while the full exit, withdrawal and re-entry cycle can take as long as 45 days. Stakers benefit from a controlled response but face delayed withdrawals. The reassuring interpretation fails if the queue grows after the MetaMask process ends. A loss is confirmed or deposits fall sharply. Watch October 7th, fresh exits and whether the entry queue remains larger. The third story is political rather than technical. Fairshake, the crypto industry's largest United States political action committee network, plans to support 32 house candidates in the final stretch before the midterm elections. The list includes 19 Republicans and 13 Democrats, all of whom backed major digital asset legislation. Six candidates are set to receive $1 million each, while amounts for the other 26 have not been disclosed. Fairshake and its affiliates reported roughly $120 million of cash at the end of August.