Real-world asset (RWA) tokenization gained significant momentum, with major moves from both traditional finance and crypto-native firms. Apex Group’s acquisition of Tokeny underscored institutional confidence in tokenizing real-world assets, while Robinhood submitted a comprehensive proposal to the SEC, calling for a clear regulatory framework to bring Wall Street assets on-chain.
Avalanche, Helix, and Faculty Group have launched Fusion, a blockchain ecosystem with $100 million to drive real-world adoption through modular infrastructure tailored to industries. Fusion is built on Avalanche and aims to accelerate blockchain use cases.
Circle co-founder and Catena Labs CEO Sean Neville is developing a financial institution that natively leverages artificial intelligence, following an $18 million funding round. The initiative aims to integrate AI into core financial operations.
Microsoft has onboarded Space & Time as its first web3 data provider, enabling developers to access real-time blockchain data from Bitcoin, Ethereum, and other networks through Microsoft Fabric.
Robinhood has submitted a 42-page proposal to the U.S., signaling a push into the real-world asset (RWA) market. The move could bring traditional Wall Street assets onchain, highlighting the platform's growing ambitions in regulated crypto finance.
Apex Group, managing over $3 trillion in assets, has acquired a majority stake in Luxembourg-based tokenization firm Tokeny, highlighting the rising interest in real-world asset (RWA) tokenization.
Robinhood has submitted a 42-page proposal to the SEC, calling for a unified regulatory framework for tokenized real-world assets (RWAs) to modernize financial markets and support onchain asset integration.
KuCoin is upgrading its merchant service to allow users to complete mobile transactions using cryptocurrency, enhancing point-of-sale payment options with AEON integration.
Kraken has launched regulated crypto derivatives trading in Europe, leveraging its Cyprus license and complying with the EU's MiFID II directive. The move positions Kraken as a major player in the European derivatives market.
Binance Wallet has surpassed competitors like Phantom and MetaMask with $5 billion in daily swaps volume, driven by user interest in early token access and airdrops, according to Dune data.
OKX CEO Roshan Robert revealed the company's long-term vision to develop a category-defining super app in the US, starting with spot trading and gradually expanding its offerings.
Brazil's central bank warns that the rising use of U.S. dollar-backed stablecoins for cross-border transfers is increasing volatility in the country's capital flows. The trend highlights growing concerns over the impact of stablecoins on emerging markets' financial stability.
South Korea's Democratic Party leader Lee Jae-myung has proposed a stablecoin tied to the Korean won, aiming to prevent capital flight and enhance financial sovereignty. The initiative reflects growing interest in national stablecoins to address economic challenges.
Genesis has filed two lawsuits against its parent company, Digital Currency Group (DCG), and CEO Barry Silbert, accusing them of fraud, reckless mismanagement, and siphoning over a billion dollars. The lawsuits seek to recover $3.3 billion.
Binance has asked a court to dismiss FTX's attempt to recover about $1.76 billion, calling the case legally deficient and an effort to shift blame from Sam Bankman-Fried. Binance also dismissed the allegations as speculative.
Justin Sun, founder of Tron, has confirmed ownership of the wallet that purchased the largest amount of Donald Trump's memecoin, securing him a spot at an exclusive dinner with Trump and other major memecoin backers. Meanwhile, SEC Chair Paul Atkins faced congressional questioning regarding the Trump-associated memecoin and Sun's involvement, underscoring regulatory and political concerns surrounding crypto assets. These developments highlight the intersection of high-profile crypto investors, political figures, and ongoing regulatory scrutiny.
New York City is launching a digital assets advisory council to attract fintech jobs, as announced by Mayor Eric Adams. The initiative aims to strengthen the city’s position in the crypto industry and foster innovation in the Big Apple.
India's Supreme Court has pressed the central government for failing to establish a clear crypto regulatory policy, highlighting ongoing uncertainty for the industry in the country.
A recent data breach at Coinbase exposed sensitive user information, including home addresses, raising fears about potential physical threats to users. The incident has sparked significant concern about security practices at the world's third-largest crypto exchange.
Industry opinion highlights that while both blockchains and dapps are important, market participants tend to value chains more highly than individual applications, focusing on adoption and revenue distribution.
Blockworks Research highlights the rise of consumer crypto projects and points to net new assets (NNAs) as an important metric to watch. The trend reflects growing interest and evolving strategies in the sector.
Sixteen years after Bitcoin's launch, investors still debate the best way to value blockchains, highlighting ongoing uncertainty and lack of consensus in the crypto industry.