Solana hits $1B in weekly tokenized stock trading as demand for hard-to-access equities surge
SPCX concentration shows real demand, but redemption, custody, and shareholder expectations still depend on the product.
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Fed’s Hawkish Talons Shine, Bond Market Believes: US Treasury Yield Curve Flattens as Rate Hike Bets Heat Up
The bond market is showing increasing confidence that Federal Reserve Chairman Kevin Walsh will fulfill his commitment to curb inflation—currently, the inflation rate has exceeded policymakers' target level for five consecutive years.

"Hawkish Rate Hike"! Walsh's "Major Shift"
The Federal Reserve unanimously raised interest rates by 25 basis points in September, with Waller fulfilling his hawkish commitments through decisive action and making it clear that current financial conditions are not tight, and this hike only removes "some accommodation," using strong language. UBS believes that Waller's policy response function has undergone a substantial shift compared to his predecessor—he is more sensitive to inflation and supply shocks, less concerned about the labor market, and has set a higher threshold for restrictive policy. The risks are clearly tilted toward interest rates remaining elevated for a longer period.
