Market Snapshot
S&P 500 (SPY) — 772.31 (+0.34%) [Twelve Data] · Nasdaq 100 (QQQ) — 725.60999 (+0.60%) [Twelve Data] · Dow Jones (DIA) — 524.67999 (+0.27%) [Twelve Data] · Gold (GLD) — 373.51001 (+0.33%) [Twelve Data] · Silver (SLV) — 49.060001 (-0.20%) [Twelve Data] · US Oil (USO) — 166.57001 (+1.64%) [Twelve Data] · Natural Gas (UNG) — 9.5 (-1.45%) [Twelve Data] · Bitcoin (BTC) — 79868.01 (-1.32%) [Binance US] · Ethereum (ETH) — 2309.27 (-2.01%) [Binance US] · XRP — 1.2907 (-2.59%) [Binance US] · Solana (SOL) — 99.76 (-2.21%) [Binance US] · BNB — 751.8 (+0.85%) [Binance US]
Crypto Markets
Coinbase now supports Ripple’s RLUSD stablecoin across its app, Exchange and Prime platforms, broadening access on XRP Ledger, Ethereum and Base, according to The Block and a company announcement posted on FT.com. The move extends RLUSD’s reach across retail and institutional channels, reinforcing the stablecoin infrastructure narrative at a time when tokenization rails are accelerating. Bitcoin slipped 1.3% to 79,868 on Binance US and Ether fell 2.0% to 2,309, while BNB outperformed with a modest gain. The day’s pullback came amid macro cross-currents around the Federal Reserve decision and typical derivatives-driven chop, with CoinMarketCap noting similar volatility across tokens such as CRV around the meeting window. Institutional adoption signals remained constructive. CoinDesk reported that DTCC launched tokenization capabilities for stocks, ETFs and U.S. Treasuries with major banks, a notable step for bringing traditional-market assets on-chain. Separately, Bitwise lifted its 10‑year bitcoin target to $1.6 million, citing institutional demand and constrained supply, The Block reported. Flows and sector rotations were mixed across altcoins. CoinMarketCap flagged a bid into some Layer 1s, with Flow up 2.69% and Sui up 1.18%, while Pyth fell about 4% in line with broader market softness. Solana eased 2.21% on the day despite recent social‑media‑tracked data pointing to the biggest weekly inflow into SOL ETFs since launch late last year, per CoinMarketCap’s roundup. XRP declined 2.59% even as Ripple highlighted expanded partnerships at its Swell event, including integrations with Robinhood and BNY Mellon for custody and payments, according to CoinMarketCap updates. On the regulatory front for on‑chain finance, Ondo Finance asked the SEC for assurance it won’t pursue enforcement against a proposed model to record securities entitlements on Ethereum tied to its Ondo Global Markets platform, per CoinMarketCap Academy. The request underscores growing efforts to align tokenized securities with U.S. market rules.
