Morning Quick Look ☕ First check these before the open
Biggest story last night: Blockchain.com and the New York Stock Exchange (NYSE) have reached a basic agreement to roll out tokenized U.S. stocks and ETFs. This time, RWA is serious—$ONDO has directly caught the wind. Traditional institutions are moving in faster than the mouths of KOLs who just shout trading calls.
The macro backdrop isn’t very friendly: the 5-year U.S. Treasury yield broke above 5% for the first time since 2007, the U.S. dollar index is over 101, and Brent crude closed at $103. The Strait of Hormuz is still bottlenecked, and the Trump administration is even considering a 90-day diesel export ban. Risk assets are being pressed down across the board—$BTC trying to run independently may be hard in the short term.
The good news is that liquidity is being loosened domestically: the PBOC has arranged 800 billion yuan in MLF for today, which helps stabilize cross-quarter liquidity.
My take: I didn’t stray from the short-term macro-driven volatility, but the medium-term main theme of RWA + compliance hasn’t gone bad. Don’t rush to bottom-pick—wait for stabilization signals and manage position sizing; that matters more than anything.
NFA DYOR
#BTC #RWA #比特币 #加密货币 #Web3
Biggest story last night: Blockchain.com and the New York Stock Exchange (NYSE) have reached a basic agreement to roll out tokenized U.S. stocks and ETFs. This time, RWA is serious—$ONDO has directly caught the wind. Traditional institutions are moving in faster than the mouths of KOLs who just shout trading calls.
The macro backdrop isn’t very friendly: the 5-year U.S. Treasury yield broke above 5% for the first time since 2007, the U.S. dollar index is over 101, and Brent crude closed at $103. The Strait of Hormuz is still bottlenecked, and the Trump administration is even considering a 90-day diesel export ban. Risk assets are being pressed down across the board—$BTC trying to run independently may be hard in the short term.
The good news is that liquidity is being loosened domestically: the PBOC has arranged 800 billion yuan in MLF for today, which helps stabilize cross-quarter liquidity.
My take: I didn’t stray from the short-term macro-driven volatility, but the medium-term main theme of RWA + compliance hasn’t gone bad. Don’t rush to bottom-pick—wait for stabilization signals and manage position sizing; that matters more than anything.
NFA DYOR
#BTC #RWA #比特币 #加密货币 #Web3