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Evening Wrap ยท October 25, 2026

Evening Wrap: Twenty-Two Firms Opt Out of OKX-ICE Tokenized Stock Venue

Corporate bitcoin purchasers face mounting capital demands for stock buybacks, while major US equities reject a tokenized trading pilot.

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October 25, 2026basisdesk.news
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Story 1 of 3

Major Firms Opt Out of OKX-ICE Tokenized Stock Pilot

Twenty-two public companies, including Microsoft and Alphabet, formally blocked their shares from trading on the SEC-approved OKX and ICE tokenized venue.

October 25, 2026basisdesk.news
BasisDesk

Story 2 of 3

Treasury Issuers Divert Capital From Bitcoin Purchases

Strategy raised its preferred stock buyback cap to $3 billion, while Strive priced a $700 million offering with a 15% dividend rate.

October 25, 2026basisdesk.news
BasisDesk

Story 3 of 3

ECB Frames Digital Euro as Defense for EU Sovereignty

European Central Bank board member Piero Cipollone said the digital euro will protect the region's payment sovereignty from foreign dependency.

October 25, 2026basisdesk.news
BasisDesk

The numbers

Bitcoin trades flat at $80,362 with market dominance at 60.7 percent, while total crypto market capitalization remains at $2.65 trillion.

October 25, 2026basisdesk.news
BasisDesk

What to watch

  • Market infrastructure developments synchronizing OKX-ICE on-chain pricing with traditional consolidated tapes.
  • EU lawmakers concluding digital euro regulatory framework negotiations by year-end.
  • Strategy shareholder vote on daily preferred dividends scheduled for Oct. 28.
October 25, 2026basisdesk.news
BasisDesk

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October 25, 2026basisdesk.news
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