CoinShares reports that TradeFi continues to go live on the blockchain, while Bitcoin is suppressed by the macro environment

The CoinShares report points out that the US CLARITY Act has not been pushed forward in the Senate, but the integration of traditional finance and on chain infrastructure is still ongoing. The New York Stock Exchange and Blockchain.com are exploring tokenized US stock and ETF trading, ICE is establishing a data partnership with Blockchain.com, and Circle has received a $100 million strategic investment to drive USDC distribution. The SEC's innovation exemption will continue to drive the blockchain of trading, payment, and clearing infrastructure. Last week, the blockchain stock index rose 1.9%, Bitcoin rose 3.8%, but the US dollar rose to an eight week high and the 10-year US Treasury yield exceeded 5.2%, indicating a unfavorable macro environment for liquidity sensitive assets. (Source: CoinShares)