Bitcoin dropped to $76,908 and Ethereum to $2,418 as the US equity session opened on 10 September 2026. Nasdaq's venture arm also confirmed a $100 million stake in Kraken parent Payward at a $21 billion valuation. Both moves matter for anyone holding crypto right now.
What actually happened
Bitcoin trades at $76,908, down -3.29% over 24 hours, after a high of $79,351 and a low of $76,748. Volume reached $34.24 billion, with a market capitalisation of $1.54 trillion. Ethereum sits at $2,418, down -3.82%, between a high of $2,513 and a low of $2,414. Its volume was $13.64 billion, with a market capitalisation of $295.08 billion. Separately, Nasdaq's venture arm is investing $100 million in Payward, Kraken's parent, at a $21 billion valuation, Decrypt reported. Kraken will distribute Nasdaq's tokenized stocks with full voting rights, CoinDesk confirmed.
How we got here
Nasdaq is the third major exchange operator to take a crypto stake this year. Intercontinental Exchange backed OKX in March at $25 billion, gaining a board seat. Deutsche Börse paid $200 million for 1.5% of Payward the same month, implying near $13.3 billion. Payward's valuation has swung since, from $20 billion last November to $21 billion now, after a shelved IPO in March. Separately, Treasury yields kept climbing despite a $6 billion buyback, as debt concerns and oil prices pressured bond markets, CoinDesk reported.
Why this matters for you
For Kraken users, deeper ties to Nasdaq could widen access to tokenized equities. For Payward, institutional backing may ease its path back toward public markets after a shelved IPO. For BTC and ETH holders, today's drop lines up with broader pressure from rising Treasury yields, a reminder that crypto often tracks wider risk sentiment. Builders in tokenization should watch how voting rights attached to on-chain shares are handled across platforms and jurisdictions.
The bigger question
If tokenized shares carry full voting rights, will regulators treat them the same as ordinary stock, or require a separate framework? The answer could shape how many exchanges follow Nasdaq and Kraken's model, and how much of traditional corporate governance eventually moves on-chain.
What to watch
Nasdaq has said it plans its own token in the second quarter of next year, per Bloomberg's sources cited by Decrypt. Payward's IPO timeline remains unannounced after the March shelving. Treasury yield moves stay in focus after this week's buyback. bonuz will track BTC and ETH through the rest of today's US session.
This article is information, not financial advice. Prices are a snapshot and change constantly. Nothing here is a recommendation to buy or sell any asset. Do your own research.
