Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total. Source：CoinDesk
AI stocks may have bottomed out. What investors should watch for next.
Microsoft earnings provided optimism for the AI trade, as did the trading activity surrounding a hedge fund’s fire sale. Source：MarketWatch
Bybit adds tokenized Nvidia, Apple, Tesla stocks as loan collateral
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other US companies across Bybit’s trading and lending…
Coinbase's weak quarter leaves Wall Street split on timing of a recovery
Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover. Source：CoinDesk
RWA perpetual futures volume nears Bitcoin on Hyperliquid, Binance
RWA perpetual futures reached 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance as tokenized equities led trading. Source：Cointelegraph
Coinbase Q2 profit misses estimates despite record crypto market share
The crypto exchange blamed softer spot trading and low volatility for the earnings miss while highlighting growth in derivatives, stablecoins and tokenized…
South Korean crypto trading surges amid stock market plunge
South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside. Source：Cointelegraph
Institutional crypto trading hits a record 72% as Wall Street calms crypto's wild swings
A new report from market maker Wintermute found that institutions now dominate crypto trading, driving lower volatility, selective altcoin flows and growth in…
Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
The DCGowned company previously cut 35% of staff in January 2023 citing tough market conditions. Source：CoinDesk
Robinhood puts up record revenue as volatility drives a trading bonanza
Predictionmarket revenues on the popular trading app increased tenfold during the second quarter. Source：MarketWatch
Robinhood slides 4% despite earnings beat as crypto revenue cools
The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.…
Coinbase hit by spot trading slump: Wall Street trims expectations ahead of earnings
Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.…