Dow, S&P 500, Nasdaq Open Lower—Crypto Stocks (equities tied to digital assets) Slide; Coinbase Down 3.58%

U.S. indices saw minor early declines as crypto-linked equities dropped, with Coinbase losing over 3% and ETHZilla down more than 1%.

50d ago

Summary

U.S. stocks opened lower on February 23, with the Dow Jones Industrial Average down 0.05%, the S&P 500 slipping 0.07%, and the Nasdaq Composite off 0.03%. Crypto-related equities also declined, led by Coinbase falling 3.58% and ETHZilla dropping 1.17%. Meanwhile, msx.com, a decentralized platform for real-world asset (RWA) trading, lists hundreds of tokenized U.S. stocks and ETFs, marking broader integration of blockchain-based asset trading.

Terms & Concepts

Crypto-linked equities: Public company shares whose performance is sensitive to digital asset markets, including exchanges and related firms.
Real-world asset (RWA) tokenization: The process of creating digital tokens on a blockchain that represent ownership of physical or traditional financial assets.