In this episode of Coinstreet headlines, we dive into the latest headlines shaping the world of cryptocurrency and blockchain technology. Join us as we discuss: U.S. Commerce Secretary Howard Lutnick’s groundbreaking initiative to publish GDP data on-chain, with potential expansion across federal departments. Trump Media’s ambitious $6 billion deal with Crypto.com, creating a digital asset treasury company focused on acquiring the Kronos cryptocurrency. Kraken’s recent discussions with the SEC regarding tokenized stocks amidst calls for increased investor protection in traditional markets and finally, the collaboration between Animoca Brands and Ibex Japan to launch a dedicated Web3 entertainment investment fund, aimed at bringing Japan’s beloved anime and manga IP on-chain. Jane King with the latest from the NYSE.
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Here's a look at your Coin Street headlines.
US Commerce Secretary Howard Lutnick says the department will begin publishing GDP data on chain and then gradually include other economic data on the blockchain.
Lutnick said the initiative will begin with the GDP figures and could expand across federal departments after the Commerce Department finishes ironing out all the details for implementation.
However, while the technology can secure how the data is stored and shared.
It does not address the accuracy of the data itself.
Trump Media has set up a CRO strategy, a $6 billion deal with Crypto.com.
The new Trump-backed Sack deal creates Trump Media Group's CRO strategy, and it is funded by $1 billion in CRO tokens, cash, warrants, and a $5 billion credit line from Yorkville affiliate.
The entity will be a digital asset treasury company focused on the acquisition of.
The native cryptocurrency of the Kronos blockchain developed by Crypto.com.
Well, Kraken has met with the SEC crypto task force to discuss tokenization.
The meeting came as global regulators and traditional exchange associations have urged the SEC to crack down on tokenized stocks.
The associations have argued there is a lack of investor protection safeguards that are present in the traditional markets.
Tokenized stocks are typically not bound by the.
Restrictions of traditional markets and can be traded 24/7.
Kraken and Robin Hood are the two most prominent platforms to offer these services, and Animoka Brands has teamed up with Antler's corporate innovation arm IBEX Japan to launch a dedicated Web 3 entertainment investment fund aimed at bringing Japan's anime and manga intellectual property on chain.
The announcement was made at the WebEx conference in Tokyo, and that is the latest Quin Street headlines.