PPI Cools, Wall Street Embraces Tokenization, PayPal Surges on Buyout Talk

1. U.S. June Producer Price Index (PPI) data came in lower than expected, signaling easing inflationary pressures and boosting market optimism.
2. Major Wall Street firms including JPMorgan and BlackRock will participate in DTCC's trial run to tokenize traditional securities like Microsoft stock and ETFs.
3. PayPal shares surged 15.5% following reports that Stripe and Advent International offered to acquire the company for over $53 billion.