World PulseNow
CryptocurrencyCoinDeskSun, Jun 14, 2026, 1:00 PMNegative

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

Wall Street and the cryptocurrency market are experiencing significant turmoil, with centralized exchange trading volumes dropping over 11% to $4.61 trillion, marking their lowest levels since late 2024. This decline coincides with the rise of tokenized treasury markets, which have reached $14.6 billion.

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

WPN Brief

  • What Happened

    Wall Street and the cryptocurrency market are experiencing significant turmoil, with centralized exchange trading volumes dropping over 11% to $4.61 trillion, marking their lowest levels since late 2024. This decline coincides with the rise of tokenized treasury markets, which have reached $14.6 billion.

  • Why It Matters

    The downturn in trading volumes reflects growing investor caution and market instability, raising concerns about the future of cryptocurrency exchanges as they navigate increasing competition and regulatory scrutiny.

  • The Bigger Picture

    This situation underscores a broader trend of volatility in financial markets, as Wall Street grapples with selloffs in stocks and bonds, while the cryptocurrency sector faces pressure from ETF outflows and rising oil prices, highlighting the interconnectedness of these markets amid shifting economic conditions.

Ask WPN AI

Related Reports

More coverage on this story

5 reports across the wire

Crypto News
Jun 1

Citi predicts $5.5T tokenized securities market by 2030

Citi has projected that the tokenized securities market will reach $5.5 trillion by 2030, driven by increasing demand for stablecoins, U.S. Treasury bills, and tokenized stocks. This forecast highlights a significant shift towards on-chain adoption within Wall Street, indicating a growing acceptance of blockchain technology in traditional finance.

Cryptocurrencypositive
CoinDesk
May 24

Coinbase does not fear competition from Wall Street, says exchange executive

A Coinbase executive has expressed confidence in the company's position against Wall Street competition, advocating for sensible cryptocurrency regulations while announcing the Stand With Crypto event, which will take place in over 500 locations globally.

Cryptocurrencypositive
CoinDesk
May 23

Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

Bitcoin's price has dropped to $74,300, with U.S.-listed spot bitcoin exchange-traded funds (ETFs) experiencing outflows exceeding $2.26 billion over the past two weeks. This significant withdrawal reflects a bearish sentiment in the cryptocurrency market, as investors react to ongoing volatility and uncertainty.

Cryptocurrencynegative
CoinDesk
Jun 1

Bitcoin remains under pressure as ETF outflows, higher oil prices weigh on crypto markets

Bitcoin continues to face downward pressure as it trades below $73,000, influenced by significant ETF outflows totaling $1.67 billion and rising oil prices. This situation is compounded by geopolitical tensions, particularly between the US and Iran, which have contributed to increased volatility in the cryptocurrency market.

Cryptocurrencynegative
CoinDesk
Jun 5

Bitcoin loses $60,000, falls to weakest price since October 2024

Bitcoin's price has dropped below $60,000, marking its weakest point since October 2024, driven by a combination of factors including significant ETF outflows and rising fears of interest rate hikes. This decline reflects a broader trend of decreasing investor confidence in the cryptocurrency market.

Cryptocurrencynegative

Apps

Useful picks

Explore all apps
Finance & Crypto

Subscription Day

Track and manage all your subscriptions with smart insights and multi-currency support.

View app
Finance & Crypto

Betron.io

Forecast market moves with blockchain gaming.

View app
Finance & Crypto

Ticker Nerd Crypto

Discover early-stage crypto coins with 100x potential through our monthly data-driven reports.

View app
Finance & Crypto

re

Get debt funding, liquidity management, and financial operations in one integrated platform.

View app
Business & Productivity

CeFinan

Streamline your stock and crypto analysis with smarter, data-driven investment insights.

View app
Finance & Crypto

Titan

Automatically invest in top hedge fund stocks with expert insights and weekly advice.

View app

Articles

Continue Reading

CoinDeskCryptocurrencyyesterday

The GENIUS Act turns 1: State of Crypto

The GENIUS Act, which focuses on stablecoin regulations, has completed its first year since becoming law, marking a significant milestone in U.S. cryptocurrency legislation. This act aims to establish a regulatory framework for stablecoins, addressing issues surrounding their issuance and management.

CoinDeskCryptocurrencyyesterday

France orders country's internet service providers to block Polymarket

France's regulatory authority has mandated internet service providers to block access to Polymarket, citing concerns over addictive features, insufficient self-exclusion options, and a significant number of French users circumventing financial restrictions. This decision reflects a growing scrutiny of online prediction markets in the country.

CoinDeskCryptocurrencyyesterday

Here is why a massive $1.6 billion in crypto liquidity is sitting idle and wasting away

Approximately $1.6 billion in cryptocurrency liquidity is currently idle, with about $542 million per week sitting outside active trading ranges, resulting in no fees earned and a lack of market depth. This situation highlights a significant inefficiency in the market.

CoinDeskCryptocurrencyyesterday

Tokenization has become a strategic priority for 84% of financial firms

A recent survey by Broadridge revealed that 84% of financial firms are prioritizing tokenization, indicating a significant acceleration in Wall Street's efforts to integrate digital assets alongside traditional markets. This shift reflects a growing recognition of the potential benefits of tokenization in enhancing liquidity and accessibility in financial markets.

CoinDeskCryptocurrency2 days ago

Stripe and Swift race to control the next generation of global payments infrastructure

Stripe and Swift are increasingly competing for dominance in the evolving landscape of global payments infrastructure, as both companies make strategic moves to enhance their roles in digital payment systems. This competition highlights the growing significance of blockchain technology and its integration into traditional finance.

CoinDeskCryptocurrency2 days ago

Inside Robinhood’s high-stakes bet to onboard millions of casual users onto decentralized finance

Robinhood is making a significant push into decentralized finance by onboarding casual users onto its newly launched blockchain, which aims to facilitate on-chain trading. However, early user activity has been largely focused on memecoins, raising questions about the effectiveness of this strategy in achieving broader tokenization goals.

CoinDeskCryptocurrency2 days ago

Live markets: Bitcoin returns to $63,000 as Nasdaq trims large early loss

Bitcoin's price has returned to $63,000 after a significant drop from the $65,000 level, influenced by a global selloff in chipmakers and broader risk assets. This decline follows a brief period of optimism driven by soft inflation data earlier in the week.

Bitcoin.comCryptocurrency2 days ago

Morgan Stanley Completes E*Trade Crypto Rollout With 50 Basis Point Fees: Here’s What Clients Get

Morgan Stanley has completed the rollout of cryptocurrency trading on its E*Trade platform, introducing a competitive fee structure of 50 basis points per trade for assets including Bitcoin, Ether, and Solana. This initiative marks a significant expansion of E*Trade's offerings in the cryptocurrency market.