Solana’s Tokenized Stock Reality Check: Why SpaceX Demand Exposed the xStocks Bottleneck
Binance Wallet SPCXx drew $557M from 27,689 wallets before allocations were canceled as xStocks couldn't source shares. Solana's RWA surge met limits.
Crypto Daily·
RWA perps hit $211B in May as equity-linked volumes jump 121%. DEX open interest nears 13.5% of crypto OI, signaling 24/7 equity exposure moving on-chain.
Read full articleBinance Wallet SPCXx drew $557M from 27,689 wallets before allocations were canceled as xStocks couldn't source shares. Solana's RWA surge met limits.
Persistent retail sales declines could prompt the Fed to adopt a more accommodative monetary policy, impacting economic growth and investments. The post Chicago Fed projects US retail sales fell 0.3% in May, marking seventh decline in nine months appeared first on Crypto Briefing.
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Three major crypto exchanges canceled their tokenized SpaceX IPO allocation campaigns Friday after xStocks could not source underlying shares, while rival onchain protocols from Ondo, xStocks' DeFi arm and Backpack launched successfully on the same morning.
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Rising consumer sentiment and cooling inflation expectations could boost discretionary spending and signal potential monetary easing benefits. The post US consumer sentiment rises in June as gasoline prices fall from May peak appeared first on Crypto Briefing.