01:23 PM EDT, 08/25/2025 (MT Newswires) -- Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) down 0.4%.

The Philadelphia Housing Index was decreasing 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.4% lower.

Bitcoin (BTC-USD) was declining 0.9% to $112,457, and the yield for 10-year US Treasuries rose 1 basis point to 4.27%.

In corporate news, Coinbase (COIN) and Robinhood (HOOD) shares fell 3.1% and 1.4% after Reuters reported that global stock exchanges are pushing regulators to crack down on tokenized stocks. The World Federation of Exchanges, in letters addressed to the US Securities and Exchange Commission's Crypto Task Force, the European Securities and Markets Authority, and IOSCO's Fintech Task Force, said it was concerned that tokens "mimic" equities without providing the same rights or safeguards, Reuters reported, citing a confidential letter.