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Tokenized Stock Holders Rise 2× as Monthly Trading Volume Jumps

Tokenized stock products are gaining traction as interest spreads beyond the first wave of private-market hype. Data from RWA.xyz shows the number of tokenized stock holders has surged to 1.31 million—more than doubling over the past month. The activity metrics are moving with the same momentum. Monthly transfer volume climbed nearly 180% to $23.13 billion, while monthly active addresses rose 34.62% to roughly 572,000. Across the market, the total distributed value of tokenized stocks increased 5.9% to $2.38 billion, according to RWA.xyz’s tracking. Key takeaways Tokenized stock holders hit 1.31 million, up from a month ago, per RWA.xyz. Monthly transfer volume jumped to $23.13 billion, nearly doubling (+180%). Total distributed value rose to $2.38 billion, with monthly active addresses approaching 572,000. Ondo remains the top issuer by distributed value, but Kraken and Binance are close behind. SpaceX-related tokenized exposure has continued to grow after pre-IPO campaigns ...
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Tokenized Stock Holders More Than Double as Monthly Volume Rises

Tokenized stocks are seeing a rapid rise in participation and liquidity, according to new on-chain market tracking from RWA.xyz. The number of tokenized stock holders has more than doubled over the past month to 1.31 million. RWA.xyz also reports that monthly transfer volume climbed nearly 180% to $23.13 billion, while monthly active addresses increased 34.62% to just under 572,000. The total distributed value of tokenized stocks rose 5.9% to $2.38 billion. Key takeaways Tokenized stock holders grew to 1.31 million—more than double month-over-month, per RWA.xyz. Monthly transfer volume surged to $23.13 billion (+~180%), suggesting stronger usage beyond just new wallets. Total distributed value increased to $2.38 billion (+5.9%), even as the sector remains competitive. Ondo leads by distributed value at about $872 million, followed by Kraken’s xStocks and Binance’s bStocks. SpaceX tokenization saw heightened activity around its June 12 public listing, despite earlier campaign ...
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Swan CEO: Bitcoin May Bottom in October as Altcoins Languish

Bitcoin’s next major move could be shaped by a seasonal pattern, according to Swan Bitcoin CEO Cory Klippsten. Speaking to Cointelegraph, Klippsten suggested that BTC may form a bottom in October before staging a recovery toward roughly $130,000 ahead of the 2028 halving. Klippsten’s framing also includes a potentially painful downside scenario: in his view, Bitcoin could drop to the $57,000 area—or even as low as $53,000—before any rebound. At the same time, other market analysts are watching for signs of an earlier bear-market bottom, pointing to an August threshold based on monthly closes. Key takeaways Klippsten expects Bitcoin could bottom in October after a peak above $126,000 in early October 2025, then recover toward about $130,000 before the 2028 halving. In his downside scenario, BTC may fall to around $57,000 or even $53,000 before a “quick recovery.” Klippsten argues long-term holder accumulation could shift timing earlier than past cycles, referencing a record share ...
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Markus Thielen Says Bitcoin’s $1M Target by 2030 Is Unfeasible

Predictions that Bitcoin could hit $1 million by 2030 are drawing fresh skepticism from industry research chief Markus Thielen, head of research at 10x Research. In an interview with Cointelegraph, Thielen argued that the forecast is not just ambitious—it is mathematically inconsistent with how much capital markets would need to add in a short time to lift Bitcoin’s price to that level. Thielen’s core claim is straightforward: the capital inflows required to support a $1 million per-coin target would need to be far larger than anything Bitcoin has historically attracted during comparable periods. He also warned that even if Bitcoin continues to rebound from cycle lows, investors may be underestimating how much time and liquidity it typically takes to push prices to new highs once the asset’s market capitalization grows. Key takeaways Markus Thielen says a $1 million Bitcoin by 2030 “doesn’t add up” mathematically, based on historical capital inflow comparisons. He estimates Bitcoin...
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Morgan Stanley Data Shows BlackRock Bitcoin ETF Holdings Up 23% in Q2

Morgan Stanley’s latest US SEC 13F filing shows the bank increased its crypto-linked exposure in the second quarter, with the biggest lift coming from additional shares of BlackRock’s Bitcoin exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). The update comes as the value of those holdings shifted with underlying market moves during the quarter. According to Morgan Stanley’s Q2 13F filing, its reported IBIT share count rose to around 16.5 million shares from 13.4 million—an increase of roughly 23%. At the same time, the dollar value of the position fell, reflecting declines in Bitcoin over the period covered by the filing. Key takeaways Morgan Stanley increased its IBIT holdings by more than 3 million shares, but the reported value of the position dropped about 18% to $549 million. The bank also reported new exposure to its own spot Bitcoin product, the Morgan Stanley Bitcoin Trust (MSBT), which began trading in April. Ether-related ETF exposure expanded as well, including ...
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$116M Bitcoin Wallet Exploit Spurs Self-Custody Scrutiny as ETF Inflows Rise

A $116 million hardware wallet exploit has reignited an old Bitcoin question: what is the real risk trade-off between self-custody and using regulated products? The debate is heating up as US spot Bitcoin ETFs post strong inflows, suggesting institutional capital may be finding ways to participate in Bitcoin without directly taking on custody and operational risk. Meanwhile, major companies across the sector are making moves that underline how intertwined Bitcoin, corporate balance sheets, and emerging AI compute demand are becoming. Strategy is preparing to resume Bitcoin purchases after a rare period of selling, Riot Platforms is reportedly pursuing a large AI-focused compute arrangement tied to its mining footprint, and Trump Media says it will rethink its crypto treasury approach after a sizable quarterly loss. Key takeaways A Coldcard-linked hardware wallet exploit drained about $116 million in Bitcoin, adding fresh fuel to the self-custody versus custody-by-others debate. US ...
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Israel’s top bank partners with Galaxy for Bitcoin, Ether, Solana trading

Israel’s Bank Leumi has teamed up with Galaxy Digital to bring cryptocurrency trading to its mobile banking ecosystem, with an anticipated launch in early 2027. The deal would allow eligible customers to buy, hold, and sell Bitcoin, Ether, and Solana via Leumi’s existing trading interface. Leumi said customers of the bank and its mobile banking arm, Pepper, will be able to access the service through a dedicated area in the Leumi Trade app. If the timeline holds, Leumi would become the first Israeli bank to offer direct digital asset trading to customers through its platform. Key takeaways Bank Leumi plans to enable cryptocurrency trading for Bitcoin, Ether, and Solana through the Leumi Trade app. The service is expected to launch in early 2027 for Leumi and Pepper customers. Galaxy Digital will provide trading via GalaxyOne Institutional, while its custody infrastructure platform (formerly GK8) will support Leumi’s digital asset infrastructure. Galaxy’s wider performance has in...
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