NYLIM’s Thomas Sy says tokenization’s next use case is scalable portfolio customization
He ties stablecoin-led onchain cash balances to future demand for yield-bearing tokenized products as DeFi plumbing lags.
He ties stablecoin-led onchain cash balances to future demand for yield-bearing tokenized products as DeFi plumbing lags.
Traders cite multi-timeframe RSI divergences, but $55,000 remains a key downside magnet if a final flush hits.
The bank cites $67B in crypto-backed lending and early signs of rate compression via ABS and large facilities.
The cohort covers roughly $25B in combined assets as NCUA advances a licensing regime for stablecoin issuers via CU subsidiaries.
The move opens an onshore pathway for a core crypto price-discovery product long dominated by offshore venues.
Worldcoin whipsawed from above $0.60 to around $0.40 as Hayes cited a falling SpaceX pre-IPO perp chart.
The top-up backs $259.05 million in DAI debt and lifts combined collateral to 412,430 WETH as ETH traded near $1,560.
Allocated users receive SPCXx, a 1:1 share-backed token that Kraken says can trade 24/7 on participating venues.
Hayes cited macro risk and “AI IPO” mania, while 10x Research flagged rich valuation and a June token unlock overhang.
He tied the pitch to Bitmine’s claimed 5.4M ETH holdings and a June 26 Russell 1000 inclusion catalyst for BMNR.
A May 26–June 10 campaign offers 35,000 USDC in incentives as the product remains in whitelist testing.
A survey of 1,244 crypto holders found 88% would consider borrowing, but only 14% currently do.