Dow rises while Nasdaq slips as chip stocks pull Wall Street toward a weekly loss
The S&P 500 is down 0.9% and the Nasdaq 2.4% this week as chip stocks fall and the Fed chair gives no rate signal
Tokenized stocks are gaining traction beyond standard Wall Street trading hours, while Bitcoin miners grapple with high costs associated with AI expansion and potential new accounting rules could pave the way for stablecoins to be treated as cash equivalents by corporate treasuries. Tokenized equities have become a focal point, with $3.3 billion in tokenized equities currently recorded onchain, according to RWA.xyz.
A significant innovation may lie in the trading patterns observed outside regular market hours, with over 70% of tokenized stock trading volume on BNB Chain occurring after the US market closes. Similar trends are emerging on Solana and Base blockchains. This 24/7 accessibility is seen as a major advantage for equities issued onchain.
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