Bitcoinโs short-term trend is down...but a sharp rebound could catch sellers off guard. Watch $75K and $77.5K for signs of recovery; lose support, and $67K becomes a key area to watch. $BTC
While stablecoins took years to reach a billion in market cap, tokenized stocks and ETFs hit that milestone in just 8 months. Global access to institutional-grade liquidity is changing the market rapidly with @Ondo ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3
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๐บ๐ธ JUST IN: Hyperliquid Strategies, holding $3.5 BILLION in $HYPE, officially files to become a US futures broker.
The Nasdaq-listed firm says a subsidiary has applied to become a futures commission merchant, a broker regulated by the CFTC.
If approved, US customers could trade perpetual futures on Hyperliquidโs permissioned markets through it.
The company says thereโs no guarantee on the timing or outcome of the application.
๐ฅ TODAY: Canton Strategic Holdingsโ $CNTN becomes the first tokenized U.S. stock to trade under the SECโs Innovation Exemption.
The trades ran on TSV LLC, with DRW Cumberland and Flowdesk among the first counterparties.
๐จ BIGGEST SINGLE-DAY WIPEOUT IN US STOCK MARKET HISTORY
$2.8 Trillion has been wiped out from the US stock market today so far, the largest one in history.
Previously, the largest single-day wipeout was of $2.69 Trillion during the Covid crash.
Absolute insanity.
In just 40 minutes, the S&P 500 has now erased -$2 trillion in market cap.
The entire post-Midterm Election rally has been erased in a matter of minutes.
This is one of the fastest market cap losses in stock market history.