Bitcoin Bottomed, Tokenized Stocks Soar as Halving Looms

Coinbase CEO Brian Armstrong believes that Bitcoin has bottomed in its current cycle and is anticipating a long-range move towards the halving event. According to Armstrong, this bullish trend is expected to last for two years.

In related news, tokenized stocks have surged in recent months, with synthetic versions of popular assets such as SPY, Google, and Robinhood accounting for $7.1 billion in volume over the past 90 days. This represents a significant portion of the decentralized exchange market, at 44.7%.

Meanwhile, Base has integrated six new equity instruments into its platform, including shares of Amazon, Tesla, Microsoft, SpaceX, SanDisk, and Strategy. The layer-2 network has also recorded $94.6 million in tokenized stock trading volume just one week after its launch.