The tokenized stocks market is quietly expanding, as monthly transfer volume climbed to $9 billion in June, a staggering jump from just $53 million in the same month a year earlier. This represents over a 170-fold surge, highlighting how rapidly on-chain trading of traditional equities is becoming mainstream.
Ripple(XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broadercryptocurrencymarket drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so farthis week. The strengthening price action is further supported by the return of institutional demand, with US-listed spot Bitcoin Exchange Traded Funds (ETFs) continuing to see inflows on Tuesday, and optimism surrounding the CLARITY Act continues to bolster market sentiment.
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