Policy and Regulation

7 hours agoNews Editor

Nvidia, Costco and 10 other issuers object to trading on ICE-OKX tokenized stock venue

A revised public notice from OKXICE TSV shows that 50 public companies have now filed issuer objections to having their shares traded on the tokenized stock venue backed by Intercontinental Exchange and an OKX affiliate. The latest update, dated Oct. 30, added 12 names in two days, including Nvidia, Costco, Nike, Reddit, CrowdStrike and Micron, up from 38 companies listed in the Oct. 28 notice. The filing does not explain why the companies objected, and it still does not provide a launch date for trading. The venue relies on a U.S. Securities and Exchange Commission exemptive order published in the Federal Register on Sept. 22. Under that order, the platform cannot list a stock tokenized by an unaffiliated third party if the issuer files a timely objection. The notice also lays out how the venue is structured: OKXICE LLC is owned 50% by ICE and 50% by OKC USA Holding, and it plans to run permissioned Uniswap v4 liquidity pools on OKX’s XLayer network for wallets that receive a non-transferable access token after identity checks. The disclosure also says the venue is not registered with the SEC, has no specific policy for maximal extractable value, relies on internal rather than external audit for its soulbound access-token contract, and leaves uncertainty around customer-property treatment and SIPC coverage if the broker-dealer behind the tokens were to fail.

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OKXICE

16 hours agoNews Editor

Nike and four other companies oppose OKXICE tokenization of their shares

Crypto journalist Eleanor Terrett reported that five companies — Nike, Costco, Micron, Reddit, and Nvidia — have objected to OKXICE tokenizing their shares. With these additions, the total number of companies opposing the practice has risen to 50. The report identifies the companies by name and states that their opposition increases the running total, but does not provide further details in the source item. The development was cited through Terrett’s post linked in the source material.

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Strait of Hormuz

13 days agoNews Editor

From pistachio shortages at Sam’s Club to unrest in Europe: how the Strait of Hormuz was framed as the link

A MarsBit commentary tied a run on pistachios in China to unrest across several European countries through one chokepoint: the Strait of Hormuz. The piece begins with Sam’s Club and Costco limiting pistachio purchases, resale listings appearing on second-hand platforms, and a Nanjing gelato shop owner saying the price of pistachio kernels he buys jumped from 69.9 yuan per 500 grams to 109.9 yuan in August. A supplier told him the raw material came from Iran and said pistachio farms there had been bombed. The article then shifts to France, where it described a fire at Limoges City Hall on Oct. 17, damage to shops and public buildings in multiple cities, and more than 2,000 arrests alongside injuries to more than 600 police officers, gendarmes and firefighters. It also listed clashes or protests in Italy, Belgium, Portugal and Albania. MarsBit’s argument is that the Strait of Hormuz, the only outlet from the Persian Gulf, sits behind both the pistachio squeeze and Europe’s broader social strain. The piece cited a drop in Iranian pistachio exports to China from 27,947 tons to 4,631 tons, down 83%, and said roughly one-fifth of global oil trade and nearly one-fifth of LNG flows pass through the waterway.

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WuBlockchain

2 months agoNews Editor

Markets Watch US-China Summit, PMI Data and Demand Signals This Week

WuBlockchain’s weekly preview for Sept. 21-27 puts the market’s attention on a packed run of macro and policy events, led by the Sept. 24-25 leaders’ meeting in Washington between China and the United States. According to the report, traders will be looking for concrete movement on three issues tied to that meeting: whether tariff and trade-truce arrangements are extended, whether restrictions on AI and advanced technology are adjusted, and whether clearer supply arrangements emerge for rare-earth magnets and critical minerals. Reuters was cited as saying senior economic and trade officials from both countries are set to discuss AI safety, trade and other economic topics before the summit. The preview also highlights a series of US and European data releases that could shape rate expectations and views on real-economy demand. These include eurozone and US flash PMI readings on Sept. 23, US Energy Information Administration crude inventory data later that day, weekly US jobless claims on Sept. 24, Costco’s fiscal Q4 2026 earnings call on Sept. 25, and the final September University of Michigan consumer sentiment reading the same day. WuBlockchain said the combination of oil inventories, labor-market data and Costco’s results will help show whether high energy prices and past rate hikes are now feeding into the broader economy.

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Costco

4 months agoNews Editor 01

Taichung Costco Tops Global Profit Rankings as Executives Say Six Stores Could Work

Costco’s Taichung Nantun store has ranked as the company’s most profitable location for years. Executives now say Taichung’s population growth could support as many as six stores.

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Bit.Fan