According to Eric Balchunas, T Rex has filed for a 2x Figma ETF, signaling increased demand for leveraged trading products in the equity markets. This move could heighten volatility and trading opportunities around Figma-related assets, with potential spillover effects into the crypto market as traders seek high-leverage instruments across both traditional and digital asset classes. Source: Eric Balchunas.

According to @StockMKTNewz, Figma shares (FIG) are indicated to open trading between $100 and $105, which is significantly higher than the initial public offering price of $33. This sharp increase suggests strong early demand and could lead to heightened volatility in the first trading session. Traders should monitor the opening price action closely, as the substantial premium over the IPO price may attract both momentum buyers and profit-takers. Source: @StockMKTNewz.

According to Paul Grewal, a revised S-1 filing from the design software company Figma now includes a reference to "tokenized equities." This discovery, found on page 83 of the document, highlights the growing acknowledgment of tokenizing traditional financial assets on the blockchain. For traders, this is a significant indicator of the convergence between traditional finance (TradFi) and the crypto space, potentially boosting the narrative and value of projects focused on Real-World Assets (RWA) and asset tokenization platforms.

According to @FarsideUK, a new corporate treasury trend is emerging as profitable tech company Figma disclosed plans for $100 million in Bitcoin exposure, combining $70 million in Bitcoin ETFs with board approval for $30 million in spot BTC purchases. Marty Bent, founder of TFTC, views this move by a well-run, profitable company as an "incredibly bullish signal" that could make Bitcoin holdings "table stakes" for all startups, as cited in the report. This corporate buying comes as Bitcoin's price remains stable, trading around $108,600. Bitcoin analyst James Check explains this price stability by highlighting significant selling pressure from long-term holders, which he estimates peaked at 40,000 BTC per day. Check asserts that the market's ability to absorb this level of selling without a major price drop is a strong bullish indicator for BTC, countering fears of price suppression.

According to @AltcoinGordon, Bitcoin (BTC) is in a tense equilibrium, holding above $105,500 after a brief dip. On-chain data from Glassnode reveals that long-term holders are demonstrating immense patience, with the 'Liveliness' metric declining, indicating older coins remain dormant despite prices nearing all-time highs. This HODL sentiment is contrasted by rising leveraged long positions, as noted by QCP Capital, creating a standoff between patient investors and speculative traders. This dynamic is underscored by strong institutional interest, with spot Bitcoin ETFs seeing $2.2 billion in net inflows last week and design firm Figma disclosing a $70 million investment in a BTC ETF. Adding to the long-term bullish narrative, Jeff Park of Bitwise Asset Management stated that owning one whole Bitcoin has become the 'new American Dream' for younger generations, who prioritize it over traditional assets.