Bitcoin Outperforms Stocks as Correlation with Gold Reaches Six-Year High

Bitcoin has surged 22% while stock markets remain stagnant, with its correlation to gold hitting a six-year peak amid rising concerns over bond markets, the U.S. dollar, and currency debasement. In other developments, tokenized stocks face scrutiny following AMC's pushback against Robinhood's synthetic shares, while Arbitrum gains from the expansion of the Robinhood Chain. Additionally, Coinbase is advocating for 24/7 stock perpetual futures in the U.S., and Strive aims to become the world's second-largest public holder of Bitcoin by the end of the year.