Daily Summary2026-07-11

Tokenized equities trading volume reached $3.4 billion in June 2026, with Ondo Finance tokenizing shares of SK Hynix on the first day of the chipmaker's $26.5 billion US market debut. The SK Hynix tokenized shares were simultaneously made available to Telegram users via the xStocks platform on Solana. Backpack separately launched 24/7 trading for tokenized US stocks including SpaceX and Micron.

EURC's on-chain transaction activity reached an all-time high, with the MiCA regulatory framework cited as the primary driver of increased euro-denominated stablecoin demand. Network growth data indicated broad expansion of EURC deployment across European crypto markets.

Empery Digital, a Nasdaq-listed Bitcoin treasury firm, sold approximately 1,400 BTC for $87 million to fund an artificial intelligence business pivot and repay outstanding debt. A separate unnamed treasury firm also converted approximately $87 million into Bitcoin following the Nakamoto strategy model, illustrating divergent corporate treasury approaches in the same period.

The $10 billion Bitcoin-backed corporate credit market completed its first significant stress test following a major selloff, with reporting documenting the margin-call dynamics and structural resilience exhibited during the episode. The market has continued growing following the test.

A large on-chain whale closed a HYPE long position at a $4.52 million loss and immediately opened a $19.34 million short position in the same asset on Hyperliquid. Separately, Hyperliquid's two major assets posted combined 24-hour trading volume that surpassed Ethereum, placing them second among all active assets by that metric.