Bitcoin Defies US Stock Market Downturn as Tokenized Assets Gain Traction

US 10-year bond yields have been breaking out to the upside, leading to a red day in the US stock market. However, Bitcoin has managed to hold firm, with the bulls successfully defending the key $83K level.

Strategy, a firm, bought 1,665 BTC for $142.7 million, lifting its holdings to 847,666 BTC. It also repurchased $151.7 million of STRC shares.

Chainlink has launched CCIP 2.0, adding issuer-configurable transfer checks, speed settings, and compliance controls. This is in line with the increasing adoption of tokenized assets.

Bybit and Franklin Templeton have partnered to allow eligible institutions to pledge Benji tokenized fund shares for USDT or USDC trading credit off-exchange. Coinbase has also linked virtual accounts with stablecoin payments, allowing businesses to receive funds through bank-style workflows and settle in fiat.

Coinbase Clearing has received CFTC registration as a derivatives clearing organization, enabling it to clear fully collateralized futures, options, and swaps. Aave V4 on Base now accepts seven Coinbase tokenized tech stocks as collateral for USDC borrowing.