【In-Depth Analysis】Wall Street Is Ramping Up On-Chain, but Miners Are Selling
Major news: The NYSE announced that $AVAX technology will power the core clearing and settlement layer of its tokenized securities platform, enabling round-the-clock trading and clearing, 24/7. On the same day, Formation Securities filed with the SEC to operate the first tokenized securities trading venue on Solana, and the first staked ETF, $INJC, listed on Nasdaq—RWA is moving from narrative to reality.
The flow of funds is diverging: mining company MARA sold 40,581 BTC over ten months (about $3.02 billion, at an average price of $74,446), with around 20,000 BTC still available for sale. Meanwhile, BlackRock disclosed that whales seeking to avoid the risks of self-custody converted about $3.6 billion worth of BTC into IBIT in-kind, setting a record for demand—this is a custodial migration, not a market sell-off. Initia suspended its mainnet today after an attack caused by a leaked key (losses of about $605,000); security concerns may be accelerating this trend.
Note: Spot BTC ETFs saw net outflows of $201 million on Monday, so short-term selling pressure remains. South Korean exchanges Upbit and Bithumb listed $HYPE on the same day; the momentum of capital flows is worth watching.
NFA | DYOR
#比特币 #AVAX #RWA #HYPE #BTCETF
Major news: The NYSE announced that $AVAX technology will power the core clearing and settlement layer of its tokenized securities platform, enabling round-the-clock trading and clearing, 24/7. On the same day, Formation Securities filed with the SEC to operate the first tokenized securities trading venue on Solana, and the first staked ETF, $INJC, listed on Nasdaq—RWA is moving from narrative to reality.
The flow of funds is diverging: mining company MARA sold 40,581 BTC over ten months (about $3.02 billion, at an average price of $74,446), with around 20,000 BTC still available for sale. Meanwhile, BlackRock disclosed that whales seeking to avoid the risks of self-custody converted about $3.6 billion worth of BTC into IBIT in-kind, setting a record for demand—this is a custodial migration, not a market sell-off. Initia suspended its mainnet today after an attack caused by a leaked key (losses of about $605,000); security concerns may be accelerating this trend.
Note: Spot BTC ETFs saw net outflows of $201 million on Monday, so short-term selling pressure remains. South Korean exchanges Upbit and Bithumb listed $HYPE on the same day; the momentum of capital flows is worth watching.
NFA | DYOR
#比特币 #AVAX #RWA #HYPE #BTCETF