Odaily reports that OKX and ICE will launch 24/7 tokenized stock trading on November 23.Crypto trading platform OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, will launch tokenized stock trading on November 23, allowing eligible U.S. users to trade around the clock. The platform will operate under a temporary innovation exemption from the U.S. Securities and Exchange Commission (SEC); 67 companies had objected to their stocks being listed on the platform, including JPMorgan Chase, McDonald's, SpaceX, and Coca-Cola.OKX expects the platform to list more than 70 assets, including 59 exchange-traded funds (ETFs), as well as tokenized stocks of Coinbase, Circle, BitGo, Robinhood, and Strategy, along with Strategy preferred shares. As of November 11, the total value of tokenized stocks and ETFs reached $3.88 billion, up 13.4% over the past 30 days.A study by the International Monetary Fund (IMF) found that tokenized stocks are about 1.5 times more volatile than their counterparts in traditional markets; decentralized exchanges have the weakest liquidity, with prices deviating further from traditional market prices than those on centralized exchanges. The IMF also warned that the integration of blockchain trading and settlement could weaken market safeguards that buffer shocks.Nasdaq warned in a January filing that tokenized stocks trading on platforms outside traditional trading systems could fragment liquidity and make it harder for investors to obtain the best prices. Andrew Cuomo, co-chair of OKXICE and former governor of New York, said investors will enjoy the same rights, protections, and ownership as the underlying stocks. (Cointelegraph)

Odaily reports: OKXICE, the tokenized stock platform jointly established by OKX and Intercontinental Exchange (ICE), is scheduled to launch on November 23, planning to offer over 70 digital assets linked to stocks and ETFs. However, some assets will not be available for trading on the first day, including 59 ETFs under Direxion, the leveraged and inverse ETF issuer.Previously, companies such as McDonald's, Coca-Cola, and JPMorgan have opposed the tokenized trading of their shares on the platform. Of the 62 companies initially selected by OKXICE, 56 raised objections, with only 6—including Coinbase, Strategy, and Robinhood—not publicly expressing opposition, all of which are connected to the crypto industry. The total number of companies publicly opposing the platform has now risen to 67. (Bloomberg)

Odaily reports: According to PikachusPlace monitoring, the address tagged "PikachusPlace" on the platform previously traded STONKBANKERS on the Robinhood chain, investing about $932 including buy fees, and netting about $14,900 after liquidating the position, for a return of about 1,603%. Yesterday morning, after the token MONTRA launched on the Elysium chain's token launch platform, the address bought about 28.5178 million tokens at an average price of about $0.0001304, corresponding to a market cap of about $130,400. The transaction amount was about $3,719, and together with about $14,700 in buy-related fees, the total investment was about $18,400. The address then fully liquidated the position through 29 sell orders, with about 20 minutes from purchase to exit. After deducting sell fees, it recovered about $84,700, netting about $66,200, for a return of about 360%. MONTRA currently has a market cap of about $6.66 million, making it the largest token by market cap on the chain; if all the tokens initially bought had been held until now, the profit would have reached $173,200, for a return of about 940%.

Odaily: Missouri has countersued Novig citing federal anti-gambling law, and Polymarket U.S. has sued the state attorney general.Missouri Attorney General Catherine Hanaway filed a countersuit on November 9 in federal court against prediction market platform Novig, invoking the 2006 Unlawful Internet Gambling Enforcement Act and asking the court to prohibit Novig from accepting funds from Missouri residents related to illegal internet gambling. Missouri claims that betting without a license from the state gaming commission violates state law.On the same day, QCX LLC, the operator of Polymarket U.S., sued Hanaway and five gaming commission members, arguing that the Commodity Exchange Act preempts the application of Missouri's sports betting regulations to its exchange and that the state licensing regime discriminates against out-of-state companies. The company said Missouri's licenses are open only to in-state casino boats and sports teams, and that it requires bet-processing servers to be located within the state.In September, Hanaway sent cease-and-desist letters to Polymarket, Kalshi, Novig, Crypto.com, Underdog, and Robinhood, saying that the relevant sports contracts constitute unlicensed sports betting. Novig sued Missouri officials in October, arguing that the federal Commodity Futures Trading Commission has exclusive jurisdiction over event contracts on federally designated exchanges. (Bitcoin.com News)

Odaily reports: Crypto analyst Tom Wan posted on X that Ethereum's stablecoin market share has dropped to 46%, a record low. Over the past year, stablecoin supply on Ethereum has decreased by $32.5 billion, while the total stablecoin supply across the entire market has declined by only about $10 billion.During the same period, stablecoin supply on Tron increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana each added $1.6 billion. In addition, newly launched blockchains this year, including Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added approximately $5.2 billion in stablecoin supply.

Odaily: Injective posted on X that Robinhood users in the US can now transfer INJ natively, moving INJ directly from their accounts to their own Injective wallets without needing to go through a cross-chain bridge.

Odaily reports: Robinhood has confirmed it does not object to the tokenized stock trading platform launched by crypto exchange OKX in partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, including its stock in the trading list, becoming the third company known to have raised no objection to the plan, with the other two being Securitize and BitGo.According to the latest notice published by OKX-ICE as of November 5, of the 62 companies initially proposed for inclusion in trading, 56 (approximately 90%) have raised objections. The 6 companies that have not yet been disclosed as objecting include Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy, among which Circle has not yet clearly stated its position, and Coinbase and Strategy did not respond to requests for comment. (CoinDesk)

Odaily reports: Financial services platform Robinhood has launched a US IPO subscription service for UK retail investors.Robinhood has introduced a US IPO subscription service for UK retail investors, allowing eligible investors to apply to subscribe at the offering price before the stock begins trading. Clients can use their existing investment accounts to view offering documents within the app and pay no trading commissions.Robinhood said that since launching the service in the US in 2021, it has participated in more than 50 IPOs; the company did not specify which upcoming US IPOs will be open to UK investors. (Cointelegraph)

Odaily Report: The latest earnings reports from Coinbase, Robinhood, and Circle show that new business lines such as stablecoins, payments, and prediction markets are expanding in scale but have yet to offset the cyclical pressures of the crypto market. Coinbase's third-quarter trading revenue fell 23% year-over-year to $590 million, with retail spot trading volume declining 9% quarter-over-quarter; Circle's reserve income dropped 8% year-over-year to $658 million, with USDC supply at approximately $73.9 billion, essentially flat year-over-year. (CoinDesk)

Odaily: Vlad Tenev stated that stock tokens have launched on Robinhood Chain and are open to developers, allowing anyone to build around them, and AI Agents can now interact directly with stock tokens. Robinhood believes that existing public chains cannot fully meet its specific needs, and Robinhood Chain aims to become the preferred chain for RWA and Meme. Robinhood has already provided a DApp browser and featured Robinhood Chain token displays in Robinhood Wallet, and has also launched featured token displays in the search and Crypto sections of its main app.