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Technology Updates

2026-07-06 23:10:19

Fidelity Plans to Tokenize Treasury Fund on Ethereum as On-Chain Activity Slows

Fidelity has filed to launch an Ethereum-based OnChain share class for its Treasury fund, underscoring institutional demand for tokenized real-world assets. The move comes as Ethereum faces falling on-chain activity and a record-low burn rate, highlighting a gap between institutional adoption and weakening mainnet usage.

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Fidelity Plans to Tokenize Treasury Fund on Ethereum as On-Chain Activity Slows
2026-07-06 23:09:19

Stock Buybacks at Decade High, Combined with Rate Cut Hopes, Fuel Wall Street Comeback

The stock market's rebound from the early August slump is driven by two main factors: corporate stock buybacks hitting their highest level since 2010, and growing expectations of a Fed rate cut in September. Communication services lead buyback activity, while bond markets fully price in a 25 bps cut. The crypto market may benefit from the resulting liquidity.

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Stock Buybacks at Decade High, Combined with Rate Cut Hopes, Fuel Wall Street Comeback