Former bitcoin mining pool giant Poolin has filed for Chapter 11 bankruptcy protection in the United States and plans to sell its Texas bitcoin mining assets for $52 million before winding down operations, according to TheMinerMag. Poolin and two affiliated U.S. entities filed voluntary petitions with the U.S. Bankruptcy Court for the District of New Jersey on July 22. Court documents put total liabilities at about $173 million, including roughly $163.7 million in unsecured IOUs issued to Poolin wallet users after withdrawals were suspended during the 2022 crypto market downturn. About 11,700 wallet users reportedly hold balances of more than $100. Poolin’s two Texas mining sites stopped mining and hosting operations on July 10. The company has entered into an asset purchase agreement with Thor CALAP LLC, with the Pyote site priced at $15 million and the Tarbush site’s power rights and equipment priced at $37 million. The combined $52 million offer will serve as the stalking-horse bid in a court-supervised auction. Poolin said demand tied to AI infrastructure could lift the value of mining-site power capacity and equipment, while the final recovery amount will depend on bidding, costs, and court approval.

CoinList said in a post on X that fintech firm Superstate is now fully live on Passage. According to the company, new banks, fintech companies, and wallet providers can use the Passage SDK to embed Superstate’s tokenized stocks into their own applications. CoinList also highlighted a key point in the rollout: the stocks offered by Superstate represent real equity ownership rather than IOUs. The announcement focuses on distribution through Passage and positions the integration as a way for financial apps and wallets to add access to tokenized equity products through CoinList’s infrastructure. No additional rollout timeline or product details were disclosed in the post cited by CoinList.

Pi Network promotes mobile-friendly mining, but its mainnet remains enclosed and PI is not yet in real circulation. The project extended its KYC deadline to November 30, 2024, while IOU trading on some exchanges continues to draw attention.

Coinbase said it will launch 1:1 asset-backed tokenized stocks with onchain trading, redemption, and automatic dividend distribution, initially for eligible jurisdictions outside the United States.

Aave faces up to $230M in bad debt from Kelp DAO exploit, with Umbrella reserves covering only $80-100M. Analyst Anndy Lian proposes issuing $kRecovery tokens to finance the debt via future protocol revenue, avoiding haircuts or slashing.

Bullish plans to buy Equiniti for $4.2 billion, aiming to move tokenized equities beyond trading wrappers and into official shareholder records. The deal also highlights fresh questions around indexing, liquidity, and 24/7 pricing.

Bybit has introduced IPO Express, a tokenized U.S. stock IPO service for eligible retail users worldwide. The first offering is SpaceX, with registration and allocation dates already set.

Coinbase launched 1:1-backed tokenized shares tied to SpaceX, Nvidia, Google, Strategy and Bitmine, pitching them as real ownership interests after rival SpaceX token efforts were canceled.