Castle Labs: LIT surges over 80%, primarily driven by token economic updates and partnership with Robinhood.
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Polymarket team members are seeking experts in token economic model design.
Odaily Odaily reports that Mustafa Aljadery, a member of the Polymarket team, posted on X seeking talent in token economic model design, stating, "Who is the best person in the world at building token economic models? Please DM me."
Morning Minute: Venice’s VVV Token Soars After OpenAI Dispute
Concerns over frontier AI labs stealing user data has driven demand for private inference (or at least tokens tied to private inference).
Tokenized stock holders more than double as monthly volume surges
Tokenized equities reached 1.31 million holders over the past month, as monthly transfer volume surged 179% to $23.13 billion and distributed value rose 5.9% to $2.38 billion.
Paradigm led a seed funding round for M1X Global to advance sovereign debt tokenization infrastructure.
According to Mars Finance, on July 8th, crypto venture capital firm Paradigm led a seed round of funding for sovereign debt tokenization platform M1X Global, supporting its expansion of on-chain sovereign debt issuance and management capabilities. M1X Global's core product, USDM1, launched in partnership with the Marshall Islands government, is a USD-denominated sovereign debt instrument issued directly on the public blockchain, backed by 1:1 US short-term Treasury bonds and utilizing New York State legal frameworks to provide investor protection. This round of funding will primarily be used to promote the institutional application of USDM1, including its use as compliant collateral in repurchase, margin, and collateralized financing scenarios, and to deepen integration with banks, custodians, and trading platforms. Previously, M1X Global completed a $3 million oversubscribed angel round of funding in March 2026, with investors including Balaji Srinivasan.
US stocks closed lower across the board for AI-related stocks, with Astera Labs falling more than 11.52%.
According to data from Odaily Odaily, at the close of trading on November 11, 2023, the Dow Jones Industrial Average fell 0.25%, the S&P 500 fell 0.45%, the Nasdaq Composite fell 1.16%, and the VIX volatility index rose 3.6%. AI concept stocks generally declined, with Astera Labs falling 11.52%, Ambarella falling 9.92%, Teradyne falling 9.59%, AeroVironment falling 8.09%, and Cognex falling 7.61%. MSX is a leading RWA trading platform that has listed hundreds of RWA tokens, including popular US stock and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
SpaceX's IPO drives record-breaking tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
According to Odaily, driven by the buzz surrounding SpaceX's initial public offering (IPO), the tokenized stock market saw record trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Of this, tokenized SpaceX stock accounted for $1.19 billion, representing approximately 31% of the total tokenized stock trading volume in June. Backpack Securities' SPCX token became the most actively traded SpaceX tokenized stock product, with a single-month on-chain transaction volume of $1.08 billion. Data shows that this round of growth was primarily driven by demand for SpaceX-related assets. SpaceX previously completed a record-breaking $75 billion IPO, valuing the company at approximately $1.8 trillion on a fully diluted basis. While traditionally popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, none reached the market enthusiasm of SpaceX's tokenized shares. Furthermore, the total market capitalization of tokenized shares rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)