Crypto Stocks Edge Up Before the Bell as 50 Companies Now Block Tokenized Shares: What Is Happening in the Market?

Crypto stocks edged higher before Tuesday’s open, November 3, even as Nvidia, Costco and Nike joined the companies blocking tokenized versions of their shares on OKXICE, taking the count to 50, and an AI chip sell-off sent Seoul’s Kospi down 3.6%. The bounce is small, and it follows a bad month. Coinbase traded at $138.74 at 13:00 UTC, up 0.7% from Monday’s close of $137.83, its lowest finish since February 2024. Robinhood, Strategy and Circle rose between 0.5% and 1.1%, and Galaxy led with 2.8% after losing 8.8% on Monday.