A hard truth as the US session opens: US stocks are rising, but the 10-year Treasury yield has hit 5.34% and the 30-year has reached 5.70%—the first time since 2002. Markets are even starting to price in a rate hike in October. Don’t blame crypto for BTC being under pressure; with risk-free yields above 5%, who wouldn’t want to take it easy?
That said, $ETH has made real progress. A bug was urgently fixed ahead of the Glamsterdam upgrade test, and the block gas limit is set to rise to 200 million. Scaling expectations are still on track, so I’m paying closer attention to this one.
RWA is really buzzing today. $ONDO has turned pre-IPO shares in private tech companies into tokenized notes that can be traded 24/7, with an AI company as the first listing. xStocks has gone a step further and deployed natively on $MON , bringing more than 1,100 tokenized stocks in one go. Institutions are putting real money behind bringing traditional assets on-chain—it’s not just talk.
My take: French bond spreads are back at eurozone debt crisis levels, the euro is at a 17-month low, and even Dalio is warning of a US debt crisis. The long-term case for hard assets will only get stronger. But in the short term, the broader market depends on how much nerve US stocks have. If yields don’t come down, even a rebound will be a struggle. Keep your positions light; don’t be stubborn.
NFA DYOR
#BTC #ETH #RWA #Monad #Binance Square
That said, $ETH has made real progress. A bug was urgently fixed ahead of the Glamsterdam upgrade test, and the block gas limit is set to rise to 200 million. Scaling expectations are still on track, so I’m paying closer attention to this one.
RWA is really buzzing today. $ONDO has turned pre-IPO shares in private tech companies into tokenized notes that can be traded 24/7, with an AI company as the first listing. xStocks has gone a step further and deployed natively on $MON , bringing more than 1,100 tokenized stocks in one go. Institutions are putting real money behind bringing traditional assets on-chain—it’s not just talk.
My take: French bond spreads are back at eurozone debt crisis levels, the euro is at a 17-month low, and even Dalio is warning of a US debt crisis. The long-term case for hard assets will only get stronger. But in the short term, the broader market depends on how much nerve US stocks have. If yields don’t come down, even a rebound will be a struggle. Keep your positions light; don’t be stubborn.
NFA DYOR
#BTC #ETH #RWA #Monad #Binance Square