During the European session, let’s start with the bigger picture: the U.S. 10-year Treasury yield surged to 5.34%, a 24-year high, and the market has even started pricing in a Fed rate hike this year. With the dollar this strong and the euro down to a 17-month low, it’s honestly pretty hard for BTC to rally independently in this environment.
But on-chain activity hasn’t cooled off. Ondo has brought tokenized notes to pre-IPO AI companies, xStocks has natively deployed over 1,100 tokenized stocks on Monad, and the OKX–ICE joint venture is also planning 24/7 tokenized U.S. stocks. Traditional assets are moving on-chain much faster than I expected.
ETH’s Glamsterdam test is also approaching, with the block gas limit set to rise to 200 million—a major jump in capacity. The direction is right; now we’ll see when capital responds.
My take: high rates weigh on valuations, while RWA supports the narrative. Don’t get carried away in the short term; on-chain data is more useful to watch than price charts.
$BTC $ETH $MON
#加密货币 #比特币 #RWA #Web3 #Ethereum
NFA DYOR
But on-chain activity hasn’t cooled off. Ondo has brought tokenized notes to pre-IPO AI companies, xStocks has natively deployed over 1,100 tokenized stocks on Monad, and the OKX–ICE joint venture is also planning 24/7 tokenized U.S. stocks. Traditional assets are moving on-chain much faster than I expected.
ETH’s Glamsterdam test is also approaching, with the block gas limit set to rise to 200 million—a major jump in capacity. The direction is right; now we’ll see when capital responds.
My take: high rates weigh on valuations, while RWA supports the narrative. Don’t get carried away in the short term; on-chain data is more useful to watch than price charts.
$BTC $ETH $MON
#加密货币 #比特币 #RWA #Web3 #Ethereum
NFA DYOR