Crypto News: Nasdaq CEO Says Tokens Free Billions, Pepe Eyes Pepeto
The biggest crypto news this weekend came from a surprising voice: the boss of one of the largest stock exchanges on earth. Nasdaq CEO Adena Friedman said tokens could free tens of billions in trapped money, per U.Today.
Stocks sold as tokens have grown 473% this year to $3.75 billion, even as Ether fell 6.8% this week, per CryptoTicker. Big finance often arrives late to trends that crypto buyers spotted first.
Pepe fans know that story well, and many of them are now watching Pepeto. It comes from the original Pepe's cofounder, and its presale has already passed $11.2 million.
What Did Nasdaq's CEO Say in This Week's Crypto News?
Adena Friedman told CNBC at TOKEN2049 in Singapore that putting assets on chain could free tens of billions of dollars, U.Today reported on October 11. In plain words, that means turning stocks or bonds into tokens that move on a blockchain. KuCoin News confirmed the remarks the same day.
The shift is already happening. On October 8, Securitize brought Apple, Amazon, and Tesla shares to Solana as tokens. BNB Chain now holds $1.19 billion of tokenized stocks, Ethereum $832 million, and Solana $734 million.
That money now sits on several chains at once, and moving it between them is the next big headache.
Which Coins Win Most as Wall Street Moves Onto the Blockchain?
Why Is the 500x Talk Around Pepeto Getting Louder?
Stocks now live as tokens on three big chains at once. That is great for access and messy for anyone who has to move money between them. Pepeto holders do not have to fear that mess, in green markets or red ones. Owning the token comes with live tools built to keep traders moving.
The main one is a cross chain bridge. Tokens lock in an audited contract on one chain, then mint on the next once the lock proof checks out. There is no IOU, and total supply stays the same on every chain.
It covers Ethereum, BNB Chain, Solana, Base, and Arbitrum in under 60 seconds, for $0 plus gas. Other bridges charge $15 to $50, and a failed one can trap funds for good. Here, a failed transfer simply reverts.
That matters this month, because the stock tokens Nasdaq is talking about sit on these same chains. Move them in seconds, and you can chase the best price wherever it shows up. Everything runs inside one exchange, and no middleman ever holds your coins.
Traders lean on these tools every day. As that use grows, the token is set up to grow with it, and so are the holdings of everyone who got in early.
That is why the 500x talk keeps getting louder. Analysts now project as much as 500x for Pepeto, and from today's presale price of $0.0000001897, each token would land near $0.00009485 at that multiple. After launch, Pepeto is expected to list on Binance, with more exchanges set to follow. For Pepe fans who missed 2023, this is the closest thing to a second chance on the table.
Can PEPE Climb Back as a Fund Filing Moves Ahead?
PEPE has become a blue chip meme, and that cuts both ways. It traded at $0.00000404 on October 10, per MetaMask. Canary updated its filing for a spot PEPE fund on October 2, per CoinMarketCap.
A fund would bring steady new buyers. Even a full return to its $0.00002803 peak means about 7x from here. That is a strong run, but the 100x days of 2023 are behind it.
Does Ethereum Gain the Most From Tokenized Stocks?
Ethereum gains a lot, though it is not leading this race. It holds $832 million of tokenized stocks, second to BNB Chain, U.Today found on October 11. Ether trades at $2,504, per CryptoTicker.
More real assets on the chain give it a firmer floor over time. Still, a coin this big moves in steps, and the next step looks like a slow climb back toward $2,800.
Why Is Pepeto the Coin to Own After This Crypto News?
Today's crypto news points one way: big finance is moving onto the chain, even with prices soft this week. Right alongside that shift, Pepeto keeps drawing buyers, and its presale total now tops $11.2 million. A $1,000 buy today gets about 5.27 billion tokens.
The cofounder built the original Pepe, which peaked above $11 billion with zero products and a 420 trillion supply, almost the same as Pepeto's. Simply matching Pepe's peak price would mean nearly 150x, and this time a working exchange sits behind it. That pattern already paid once.
Last time, the buyers who trusted this pattern early made life changing money. This time, the same chance is open at a presale price that ends with this stage.
Join now through the Pepeto presale before the stage price steps up.
FAQ
What is the biggest crypto news this October?
The biggest crypto news this October is Nasdaq's CEO saying tokens could free tens of billions in trapped money. Tokenized stocks are up 473% this year.
What does Pepeto offer that most presales lack?
Pepeto offers what Pepe's first buyers never got: a working exchange before listing, from the same cofounder. Analysts project up to 500x, and this presale price will not return.
