Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
GM! Today’s top news: – Crypto majors are green as Oil falls 8%; BTC at $65k, ETH $1,960 – ETH ETFs see $103M in net inflows last week compared to $33M for BTC – BitMart shuts down its exchange, following BitMex – ZEC Ironwood Upgrade set to launch tomorrow – Pons captures 80% market share on Robinhood ahead of v2 launch; PONS hits new ATH 📈 Robinhood Chain’s Tokenized Stocks Jump 5x Tokenized real-world assets (i.e. stock shares trading onchain) on Robinhood Chain have jumped roughly fivefold in under two weeks to about $70 million. When Robinhood Chain launched on July 1, memecoins immediately took over, and it seemed that Robinhood had spent money building infrastructure only to attract speculation.
That’s now shifting. A dozen tokenized stocks are each clearing more than $500,000 in daily volume, with five above $1 million, led by GameStop at $26.6 million a day, Nvidia at $14 million, and SpaceX at $6.4 million. The broader chain has scaled fast alongside it.