Tokenized Equities Hit $3.57B Record, Stablecoin Reserves Flagged, Meme Coin Stunt Arrests

Institutional adoption is reshaping crypto: onchain tokenized equities hit a record $3.57 billion in daily trading volume, driven largely by Binance and Hyperliquid and supported by issuers such as Kraken’s xStocks, Ondo and Bitget. Regulators are responding — the SEC is reportedly preparing formal guidance and an innovation-exemption framework to let traditional firms pilot blockchain-based settlement. At the same time, stablecoins drew sharp scrutiny at the Digital Money Summit after Union Investment warned that USDT and USDC reserve mixes (notably Tether’s large gold and bitcoin allocations) create mark-to-market risks for corporate treasuries. The story is capped by a viral meme-coin stunt tied to a Solana-based token that surged ~35–38% after 5.7 million views and led to arrests — underscoring ongoing speculative, high-volatility activity on the fringes. Overall: faster institutional flows into tokenized equities, rising regulatory focus, and persistent retail-driven speculation.