Wednesday, March 11, Bitcoin Mining in Space? This Company Says it's Possible & Cheaper

Nasdaq–Kraken push for tokenized equities, Star Cloud’s orbital Bitcoin mining plan, and major market flows and product updates traders must watch.

Key Takeaways

Nasdaq and Kraken are building a tokenized-equities gateway; Nasdaq targets an equity-token platform by 2027. Kraken’s xStocks processed $25B+, 85k holders, $4B settled on-chain; Paywood handles settlement.
Tokenized equities function as programmable collateral across spot, derivatives, and lending; interoperability lets one asset support multiple markets, boosting capital efficiency and institutional appeal.
Major exchanges are racing to tokenize equities with crypto-native infrastructure partners; TradFi–crypto convergence accelerates as firms like ICE invest in crypto platforms and partnerships.
Star Cloud proposes orbital Bitcoin mining using ASICs and solar power, filing for 88,000 satellites; claims ~30x ASIC cost advantage but faces high launch costs and rapid hardware obsolescence risk.
Market-flow indicators: instrument volume implies 2,038 BTC bought yesterday; Polymarket suggests the Strategy may buy >1,000 BTC this week; Hyperliquid shipped two upgrades underpinning Hayes’ thesis.
Product and risk updates: portfolio-margin alpha unifies spot/perp balances, with borrowing caps and master-account access limits. HIP4 testnet is fully collateralized (no leverage/liquidations); mainnet likely May–June. HIP3 OI hit $1.2B; DEX share >10%.
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