Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion

Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings.

The recovery does little to mask a 9.5% weekly decline as U.S. stocks hit records highs, AI tokens rally and Coinbase’s Ethena deal steals the spotlight.

Hong Kong, China, 7th July 2026, Chainwire