Headline CPI held at 3.4%, while core eased to 2.4%. Yet rate-hike odds are near 90%. I'm cautious on gold and Bitcoin ahead of September 16, expect choppy trading, with a downside bias. What matters now is how much more tightening the Fed signals.
Tokenized stocks have grown to roughly $2.89B on-chain, up 14% in 30 days, with 2.86M holders and more than $13B in monthly transfer volume.
Binance bStocks alone reportedly cleared $30B+ in volume in under 90 days. The interesting part: 91% of that activity happened while Wall Street was closed.
And this is moving beyond tokenized versions of existing stocks. The first fully on-chain IPO has already happened. ST Group raised €2.07M, with 97% of participation coming from retail and 60% of orders placed outside traditional market hours.
Pre-IPO on-chain trading reportedly reached $12B in June alone.
This is no longer a theory about bringing capital markets on-chain. The rails exist. The liquidity is forming. Retail is already there.
The market is becoming 24/7, global and programmable. On-chain is where this is heading.
Huge W for builders!