Securitize's tokenized stock offering, SECZ, saw its onchain market value drop to $208.6 million, according to recent data. Meanwhile, tokens tied to Circle across multiple issuers reached a combined $383.6 million, giving the stablecoin firm a wider lead in the tokenized equities space. These figures come from the broader $3.3 billion market for tokenized stocks.
More than 11 million bitcoin is held in wallets with no known owner, according to observers cited in the report. That figure suggests individual investors have been active in the market for an extended period, they said. However, the interpretation carries a caveat: unidentified wallets do not necessarily mean lost or inactive coins, and some may belong to institutions or exchanges.
Bitcoin has slipped under the $80,000 mark as traders appear to be reducing risk ahead of the upcoming Federal Reserve meeting. Other major cryptocurrencies, including Ether and XRP, led the losses during Asian trading hours. The downturn coincided with a broader market pullback, as the artificial intelligence trade took another hit in the region and Goldman Sachs cut its target for South Korea�…
Long-position traders lost $404 million in just four hours as bitcoin briefly slipped below $80,000. Spot bitcoin ETFs also saw $773 million in outflows on Thursday and Friday, reversing three days of net inflows, according to SoSoValue data.
What's your approach to managing risk during sudden market drops?
DFace News
