Tokenized equities: US$3.0 billion and a test of use
The number that opens the conversation US$3.0 billion. That was the threshold that tokenized equity market capitalization crossed in the fourth week of September, according to data from RWA.xyz collected by Binance Research. In early January, it was around US$700 million. In less than nine months, the segment multiplied by more than four. Source: RWA.xyz, Binance Research, data as of September 28, 2026. Context also matters: the broader market for tokenized real-world assets, known as RWA, reached US$38.0 billion, up 50% year-to-date in 2026. Tokenized equities account for close to 8% of that figure. They are still a small part of the overall picture, but their growth raises an interesting question: are we just seeing more tokens issued, or a market that already uses them?
I haven’t traded Futures in quite a while, so I’m a little rusty. Let’s get back into the swing of things with a small trade, no rush, nice and easy, to get some practice back. Let’s see how it goes.
What’s happening with the crypto market and what can we expect from October?
Tonight we have a new appointment in the Binance LATAM TG Chats. Let’s talk about Bitcoin, the current market context, and the scenarios worth keeping an eye on.
🔴 Activa el recordatorio aquí.
Binance LATAM Official
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📈 What’s moving the market in October?
Tomorrow, we’ll connect to analyze the context, review what’s happening in the market, and discuss the movements we’re seeing in real time.
Joining us are Jhorman from Binance LATAM-Colombia, our Binance Angels Fernando and Hector, and special guest Anyela Rios. 🔥
Plus, 100 USDT in prizes will be up for grabs among eligible participants. 🎁
📅 October 8 ⏰ 9:00 PM UTC-4 📍 Binance Square LATAM 🔗 Join the TG Chat: https://app.binance.com/uni-qr/cspa/46851041068874?l=en&r=RV3QA0C8&source=host_share&uc=web_square_share_link&us=copylink
Note: Winners from the last sessions must wait 30 days before becoming eligible for prizes again.
On Wednesday, spot Bitcoin ETFs $BTC in the U.S. saw outflows of $487.1 million, the largest net outflow since June 25. September had put in about $2.650 billion. October is already in the red. The price broke through $83,000 as oil rose, after the attack options report on Iran, and with Treasury yields back near 2002 highs.
Regulated flows reversed in a session. The $80,000 floor is now in view, and this time with macro factors pushing from the outside.
Can that level hold if the ETF keeps bleeding out? #ETFs
Abstract, Pudgy Penguins’ layer 2, $PENGU , is shutting down on December 15. Igloo funded it for 18 months and lost tens of millions. They scrapped a token to extend the runway and will focus the budget on the IP. It’s the second Ethereum network, $ETH , to announce a shutdown in a week, after Blast.
There were more than 325 million transactions and around 400,000 users, but fees weren’t enough to cover operating costs. Nearly 76 million remains to be bridged before the shutdown.
How many consumer L2s are living off the balance sheet of whoever founded them, rather than fee revenue?
Metaplanet described a round trip this Monday that a Bitcoin treasury $BTC almost never puts in a press release.
In the third quarter, it sold 10,000 BTC, worth about $790 million, left the debt unpaid, and then bought back 11,000, bringing its stack to 44,000.
The move was aimed at rating agencies and creditors: the company wants to issue bonds and preferred shares, so it had to show that it could convert its reserves into cash if necessary, while the obligation remained outstanding under its original terms.
That round trip leaves me with one specific question: does it make creditors feel more comfortable, or did they merely see that the company can move its stack when it suits the optics?
The SEC has just put on the table a framework for advisors and custody funds to handle crypto on their own, with tough conditions, and for state trust companies to do so as well. Years of rules written before the internet finally have a draft that names Bitcoin $BTC .
Self-custody appears in the text, surrounded by controls for keys, segregation, and cybersecurity. Anyone who wants to use it will have to support that operation.
How many firms do you think will be willing to bear that cost when the comment period closes?
MetaMask responds to an incident affecting part of its infrastructure and, as a precaution, removes the Ethereum validator it runs in Lido $ETH . About 17,000 validators and nearly 523,000 ETH—around $1.4 billion.
The wallets do not show any immediate threat. Anyone who has stETH doesn’t need to do anything, although the ETH may take up to 45 days to start producing again.
Performance was slowed down by the operator’s keys, with the user’s seed remaining intact.
How much third-party infrastructure are you willing to tolerate in exchange for not running a node?
CSD BR, with about US$4 billion in registered assets, began mirroring BTG Pactual fund quotas on the XRP Ledger $XRP . The legal record remains with the custodian. On-chain, copies travel using the Multi-Purpose Token standard, with KYC and freeze.
A Brazilian CSD chose a public chain to reconcile in near real time. If the mirror holds up, the next step is to issue native.
How many big markets will copy this model before moving on to full issuance?
Robinhood will add crypto perps in the app already used by U.S. retail: up to 10x on Bitcoin $BTC and Ethereum $ETH , and an AI agent with its own account.
The agent researches, builds a strategy, and trades within the limits you set. More than 27 million funded accounts. Leverage stops being a niche product and moves to the top of the phone.
After several days a bit disconnected from social media, it’s time to come back and catch up. 👀
The reason was totally worth it: I spent a few incredible days sharing with my fellow Angels.
They were days to talk, learn from other Angels’ experiences, share what each one has built from their own experience and, above all, to get to know each other much more than just through a screen.
Because being #BinanceAngels is also about that: learning together, sharing knowledge, and building community.
I’m back with new ideas, lessons learned, and really great memories.
Now then… it’s time to review everything that happened while I was disconnected. 😅
Binance has just put $100 million into Circle and has signed a five-year deal to push USDC $USDC .
The world’s largest exchange is betting capital and distribution on a regulated issuer. USDT $USDT is still leading by supply; USDC is entering the biggest channel there is.
Does this really shift the stablecoin war, or is it just speeding up something that was already coming?
The $BTC spot Bitcoin ETFs in the US saw inflows of $998.95 million on Monday. This is the best day of inflows since October 2025. The Ethereum ones $ETH added around $270 million.
Yesterday the price reached 87,000 and this morning it holds near 85,500. The squeeze explains the speed. This flow explains who was buying at the same time.
Do you think this is enough to hold the level, or is it still just one strong data point?