SEC grants conditional exemption for tokenized stock trading; JPYC price volatility on Upbit

The U.S. SEC has granted a conditional exemption for on-chain trading of tokenized stocks. Meanwhile, the JPYC stablecoin experienced significant price divergence following its listing on Upbit. Other developments include zERC20 and zJPYC suffering a $22,000 exploit, Bitcoin Japan planning its first BTC purchase, and Grayscale launching four model portfolios including XRP spot ETF allocations.