Crypto stocks wobble
Crypto‑linked names saw sharp pre‑market moves — COIN -3.03%, MSTR -2.91%, SBET -4.86% — before mixed opens where some miners and alt tokens jumped double digits, reflecting knee‑jerk risk sentiment (x.com). Bitcoin dipped to about $60K and commentators tied the pullback to rising Treasury yields and tokenized stock listings like NVDA and AAPL on RWA platforms, while economist David Rosenberg warned the market looks “totally unhinged” on YouTube (x.com) (youtube.com).
The benchmark 10‑year U.S. Treasury yield climbed to roughly 4.39–4.40%, a rise commentators tied to renewed “higher‑for‑longer” rate expectations that have pressured risk assets across markets. (cnbc.com) Coinbase on March 20 launched 24/7 stock perpetual‑futures for eligible non‑U.S. traders, offering up to 10x leverage on single‑stock contracts and cash settlement in USDC. (coinbase.com) Phemex completed an integration with Ondo Finance on Feb. 20 to list 14 tokenized U.S. stocks and ETFs—including NVIDIA and Apple—bringing those tokenized blue‑chips to the exchange’s roughly 10 million users. (crypto.news) CoinDesk reported that equities were “catching up” with earlier crypto weakness even as on‑chain metrics show a realized‑price support for the 2023 investor cohort near $63,700, a level market analysts flagged as meaningful. (coindesk.com) David Rosenberg aired a pointed warning on Talking Markets, describing cross‑asset behavior as “totally unhinged” in a YouTube interview streamed about 11 hours ago. (youtube.com) Market‑structure commentary this month has singled out the convergence of rising Treasury yields, new 24/7 synthetic stock products and exchange listings of tokenized shares as a recipe for faster cross‑venue flows and leveraged positioning. (ainvest.com)
