New SEC policy drives expanded token gains: UNI surges 35%, ARB, NEAR and other tokens jump over 20%.
1 hours ago
Stimulated by the U.S. SEC’s new tokenized stock innovation exemption policy, gains in related beneficiary concept coins and stocks have expanded, with the rally spilling over to associated DeFi tokens and further impacting the altcoin market. According to HTX market data: UNI is trading at $9.14, up 35% in 24 hours; ARB at $0.207, up 26.7% in 24 hours; NEAR at $3.58, up 26.5% in 24 hours; STRK at $0.034, up 22.7% in 24 hours; RAY at $1.76, up 22% in 24 hours; INJ at $6.8, up 22.2% in 24 hours. Separately, per BIT (bit.com) market data, in the stock space: Securitize closed up 14.93% this morning, and rose an additional 7.8% in pre-market trading today; Robinhood closed up 5.16% this morning, with an extra 3.5% gain in pre-market trading today. For more details, see the report: "SEC’s Major Boost: Tokenized Stock Innovation Exemption – Which Products Qualify?"
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