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RWA

RWA (Real World Assets) refers to the tokenization of tangible assets—such as real estate, private credit, and government bonds—on the blockchain. By bringing traditional financial instruments on-chain, RWA protocols like Ondo and Centrifuge provide DeFi users with stable, real-yield opportunities. In 2026, the RWA sector is a multi-trillion-dollar bridge between TradFi and DeFi, enabling fractional ownership and global liquidity for previously illiquid assets. Follow this tag for insights into on-chain credit markets, regulatory compliance, and asset-backed security innovations.

41895 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
SEC Freezes Grayscale Digital Fund ETF Conversion One Day After Approval — What Changed?

SEC Freezes Grayscale Digital Fund ETF Conversion One Day After Approval — What Changed?

The US SEC has abruptly frozen the approval of the Grayscale Digital Large Cap Fund’s conversion into an exchange-traded fund, halting its launch just a day after the green light was given. On July 1, the SEC’s Division of Trading and Markets approved the NYSE Arca’s proposal to list and trade shares of the Grayscale fund under an amended rule. The approval came with accelerated status, signaling initial confidence in the product’s readiness for market. But within 24 hours, the Commission exercised its right to review the decision, automatically staying the approval under Rule 431 of the SEC’s Rules of Practice. The reversal adds an unexpected twist to what had been hailed as a landmark moment for multi-asset crypto ETFs in the US. Fund’s Heavy Bitcoin-Ethereum Mix Offset by Riskier Altcoin Holdings Launched in 2018, the Grayscale Digital Large Cap Fund holds a basket of top cryptocurrencies, with Bitcoin and Ethereum accounting for more than 91% of its portfolio. Altcoins such as XRP, Solana and Cardano make up the rest, each carrying differing degrees of regulatory uncertainty. The plot thickens. Upper level of SEC telling $GDLC it can't launch until otherwise notified. Not sure why, no other info than this letter. My guess tho: They want to issue the crypto ETP listing standards before any '33 act spot ETFs hit market with these other coins. So likely… https://t.co/Za7rYk1o0E — Eric Balchunas (@EricBalchunas) July 2, 2025 By intervening directly, the SEC’s commissioners have signaled that the conversion merits closer inspection beyond what staff-level approval typically requires. Historically, this kind of review is rare and often suggests internal debate over regulatory implications, investor protection or market readiness. Unlike single-asset ETFs such as those tied to Bitcoin, multi-asset products like Grayscale’s bring new complexity. The inclusion of tokens with unsettled legal status, like XRP and Solana, may have prompted concerns over clarity in investor disclosures or the legal treatment of underlying assets. No Timetable Given as SEC Weighs Path Forward for Multi-Asset Crypto Funds Some analysts believe the Commission’s caution could reflect a broader effort to establish a unified approach before opening the gates to more diversified crypto products. Bloomberg’s Eric Balchunas has suggested the SEC is holding off on GDLC’s ETF conversion until a more consistent regulatory framework for crypto ETPs is in place. Grayscale’s ETF bid comes at a time of renewed momentum for digital asset firms under a more crypto-friendly political backdrop. However, the Commission’s move illustrates that regardless of shifting sentiment, regulatory rigor still holds sway over timing. For Grayscale and NYSE Arca, the stay means an indefinite delay. The SEC has not offered a timeline for its review or any additional guidance on next steps.

Author: CryptoNews

2025/07/03

First U.S. Solana staking ETF debuts with $33M in volume, $12M in inflows

First U.S. Solana staking ETF debuts with $33M in volume, $12M in inflows

The first U.S. exchange-traded fund offering exposure to Solana and on-chain staking rewards began trading this week, drawing strong demand in its market debut. On July 2, 2025, the REX-Osprey Solana + Staking ETF, trading under the ticker SSK, launched…

Author: Crypto.news

2025/07/03

The crypto market stabilized and rebounded, BTC broke through $109,000, and ETH rose by more than 7%

The crypto market stabilized and rebounded, BTC broke through $109,000, and ETH rose by more than 7%

PANews reported on July 3 that according to SoSoValue data, the crypto market rebounded after two consecutive days of correction, with a general increase of about 2% to 9%. Among

Author: PANews

2025/07/03

Ripple Applies for US Banking License – Could Federal Oversight Supercharge Its Stablecoin RLUSD?

Ripple Applies for US Banking License – Could Federal Oversight Supercharge Its Stablecoin RLUSD?

Ripple has filed an application for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), according to a report by The Wall Street Journal. The move indicates Ripple’s intention to bring its dollar-backed stablecoin, RLUSD, under federal supervision and expand its crypto-related financial services in the United States. Ripple Seeks OCC Charter in Bid to Become a Federally Regulated Stablecoin Issuer The filing was made on Wednesday and, if approved, would place Ripple under dual regulatory oversight, both at the state level through the New York Department of Financial Services (NYDFS) and now federally through the OCC. Ripple CEO Brad Garlinghouse confirmed the application in a post on X, calling it a continuation of the company’s “long-standing compliance roots.” “If approved, we would have both state (via NYDFS) and federal oversight,” Garlinghouse wrote. “A new (and unique!) benchmark for trust in the stablecoin market.” True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via… https://t.co/IdiR7x3eWZ — Brad Garlinghouse (@bgarlinghouse) July 2, 2025 The national charter would give Ripple the ability to streamline settlements by removing the need for intermediary banks. It would also allow the firm to offer additional crypto-related financial services under a regulatory structure long associated with traditional banks. Ripple is also seeking a Federal Reserve master account. That account would give the firm direct access to the Fed’s payment rails and allow it to hold stablecoin reserves at the central bank. RLUSD, Ripple’s dollar-backed stablecoin, was launched in December 2024 and currently has a market capitalization of around $470 million, according to CoinMarketCap. Though far smaller than market leaders Tether and Circle’s USDC, RLUSD is among the larger stablecoins in circulation. The timing of Ripple’s application comes just days after Circle Internet Group, the issuer of USDC, filed for its own national banking license . Circle is looking to launch a federally regulated entity named First National Digital Currency Bank, which would allow it to offer digital asset custody and other services. That application followed Circle’s public listing earlier this year , which valued the firm at nearly $18 billion. The rush comes as lawmakers in Washington are advancing a legal framework for stablecoins. Earlier this month, the Senate passed the GENIUS Act , which would require issuers to maintain full dollar reserves and publish monthly disclosures. The bill is awaiting a vote in the House, with support from President Trump. 📝 The U.S. Senate has passed the GENIUS Act in a 68–30 vote, marking the first major digital asset legislation and drawing praise from industry leaders. #regulation #stablecoins https://t.co/OSjotzTnUa — Cryptonews.com (@cryptonews) June 18, 2025 A report from Grayscale noted that the bill could give stablecoins a clearer path to mainstream acceptance. “The GENIUS Act will likely support stablecoin adoption in the U.S. while incorporating sensible safeguards for consumer protection and financial stability,” Grayscale’s research team wrote. For Ripple, gaining OCC approval would mark a major shift in how stablecoins are supervised in the U.S., potentially making RLUSD one of the most regulated stablecoins on the market. While the outcome of the application is still pending, Ripple’s pursuit of a national charter reflects a growing trend among crypto firms seeking legitimacy and longevity within the U.S. financial system. Ripple’s Legal Setback Clouds Stablecoin Ambitions as Tech Upgrades Forge Ahead As Ripple seeks a U.S. banking license and works to expand its RLUSD stablecoin, the company faces renewed regulatory friction that could complicate its path forward. On June 26, Judge Analisa Torres rejected a proposed $50 million settlement between Ripple and the U.S. Securities and Exchange Commission, which would have dissolved the standing injunction on institutional XRP sales. ⚖️ Judge Torres rejects Ripple's $50 million SEC settlement, maintaining permanent injunction blocking $XRP institutional sales despite both parties agreeing to penalty reduction. #Ripple #SEC #XRP https://t.co/KChkLc5Mdw — Cryptonews.com (@cryptonews) June 26, 2025 Despite both sides agreeing to reduce the original $125 million penalty by 60%, the court found no “exceptional circumstances” to justify altering a final judgment. The decision leaves Ripple restricted from offering XRP to institutional clients, though retail trading remains unaffected. The legal standoff stems from the SEC’s 2020 lawsuit, which alleged Ripple raised $1.3 billion through unregistered XRP sales. Following the ruling, Ripple CEO Brad Garlinghouse announced the company would drop its cross-appeal, adding that the SEC is also expected to withdraw its appeal. 📈 XRP rallied on Friday after Ripple Labs CEO Brad Garlinghouse announced the company is dropping its cross-appeal against the SEC. #XRP #SEC https://t.co/fXl2YbYWrt — Cryptonews.com (@cryptonews) June 28, 2025 With litigation winding down, Ripple is turning its attention back to development. RippleX, the company’s tech arm, recently released XRP Ledger v2.5.0 , introducing upgrades designed for institutional use, including support for escrowed stablecoins (XLS-85) and complex transaction bundling (XLS-56). Daily active addresses on the network have surged from 35,000 to over 295,000 . Meanwhile, Ripple integrated Wormhole to connect its ecosystem with more than 35 blockchains, enhancing interoperability ahead of RLUSD’s debut.

Author: CryptoNews

2025/07/03

DeFi Development Corp Races to Raise $100M for SOL – ETF Green Light Next?

DeFi Development Corp Races to Raise $100M for SOL – ETF Green Light Next?

DeFi Development Corp, the first U.S. public company built around a Solana-based treasury strategy, has announced plans to raise $100 million through a private offering of convertible senior notes due in 2030. The deal, revealed Tuesday, comes as momentum builds around a possible green light for Solana exchange-traded funds (ETFs). DeFi Development Corp Doubles Down on Solana With $100M Raise Plan According to the company, the offering will be made to qualified institutional buyers under Rule 144A of the Securities Act. Buyers may also be granted an option to purchase an additional $25 million of the notes within 13 days of the initial issuance. 1/ Today, we announce a $100M private convertible note offering, with plans to accumulate more $SOL . 🚀 Here’s what it means. 🧵 pic.twitter.com/LGdJAuKDM6 — DeFi Dev Corp. (@defidevcorp) July 1, 2025 The notes, which will be unsecured and carry interest payable twice a year, mature on July 1, 2030. Prior to January 2030, they can only be converted under specific conditions. After that, conversion will be allowed at any time before maturity. Holders will have the option to convert into cash, company stock, or a mix of both, depending on terms set during pricing. DeFi Development Corp plans to use part of the funds to repurchase its own common stock through a prepaid forward agreement with one of the note purchasers. The rest of the proceeds will support general operations, including further accumulation of Solana (SOL), a central part of the company’s asset strategy. The structure of the offering also includes a hedge mechanism. Investors may use derivatives to hedge their exposure, potentially influencing the price of the company’s stock. These moves could affect the market not only at issuance but throughout the life of the notes, especially during any conversion windows. However, this fundraising effort follows a recent setback. On June 11, the company withdrew its $1 billion registration filing with the U.S. Securities and Exchange Commission (SEC) after regulators found it ineligible for the streamlined S-3 form. The disqualification was due to a missing internal controls report in its latest Form 10-K. Originally filed in April, the S-3 was intended to raise capital to build a sizable SOL treasury, mirroring Strategy’s Bitcoin approach, with returns expected through long-term staking and asset appreciation. Despite the regulatory hiccup, DeFi Development Corp remains focused on executing its Solana-centric vision, now shifting to the private markets for funding. With SOL ETF Interest Building, DeFi Development Corp Plays Offense After 16% Stock Dip The fundraising push came shortly after DFDV’s stock fell 16% on June 24, indicating a strategic move to stabilize capital and reassure investors. The timing also aligns with growing institutional interest in Solana, as the SEC approaches key decisions on several crypto ETF proposals, among them, spot Solana ETFs that could further boost demand for the token. Analysts Eric Balchunas and James Seyffart of Bloomberg recently raised their approval odds for SOL, XRP, and LTC ETFs to near certainty, with final deadlines approaching in October. 📈 Bloomberg ETF analysts have sharply raised expectations for US approval of spot funds tracking Solana, Litecoin, and XRP. #ETFs #XRP https://t.co/dKK2ZIbW8c — Cryptonews.com (@cryptonews) July 1, 2025 A broader crypto index ETF could be approved even sooner. According to the analysts, the odds for that product hitting the market this week now sit at 95%. A wave of new altcoin ETFs, including for Dogecoin, Cardano, and Polkadot, could follow before year-end. On June 1, the Rex Shares–Osprey SOL + Staking ETF ($SSK) officially launched , becoming the first U.S. ETF to offer staking exposure. The fund meets regulatory requirements by allocating 40% of its assets to overseas-listed Solana products, sidestepping stricter rules under the Investment Company Act of 1940. Just a day earlier, the SEC approved Grayscale’s Digital Large Cap Fund (GDLC) to convert into an ETF, giving indirect Solana exposure alongside Bitcoin, Ethereum, XRP, and Cardano. 📈 SEC Approves Grayscale Conversion of the Digital Large Cap Fund, turning it into a spot ETF tracking Bitcoin, Ethereum and other majors. @Grayscale and @SECGov filings indicate trading will start soon, pending logistics. #ETF #Crypto 📊 https://t.co/tGWFaISU19 — Cryptonews.com (@cryptonews) July 1, 2025 With ETF speculation heating up and Solana-linked products gaining traction, DeFi Development Corp’s move indicates both a defensive and an opportunistic play. If ETF approval lands in the coming weeks, the firm could be positioned to capitalize on renewed demand for exposure to SOL. The offering, however, still depends on market conditions and final pricing agreements with institutional buyers. The company has not disclosed when the transaction will close.

Author: CryptoNews

2025/07/03

What If Bitcoin Hits $200K? AI Projects Dominance Spikes and Altcoin Frenzy

What If Bitcoin Hits $200K? AI Projects Dominance Spikes and Altcoin Frenzy

What would happen if Bitcoin reached $200,000? Nearly doubling its previous all-time high, a $200K price would move Bitcoin into a new tier of market capitalization, roughly matching the valuation of global blue-chip equities and sovereign debt holdings. It would likely attract new classes of capital and global media attention. This article uses AI to analyze and explore that possibility through a structured framework. Instead of speculating on a date or treating the figure as inevitable, it investigates what could unfold if Bitcoin does reach this benchmark. Drawing from prior market cycles and behavior patterns, it outlines key indicators investors might observe across dominance, altcoin behavior, sector reactions, macro drivers, and psychological sentiment. Bitcoin Price 2017-Present (Source: CoinMarketCap) Rather than offering predictions, the goal is to map potential outcomes. The AI analysis considers how markets have responded to previous rallies and what those patterns might imply for a future where Bitcoin touches $200K. Research Approach and Analytical Framework To ground the analysis, we analyzed data from two previous bull cycles with ChatGPT’s o3 model—2017 and 2020 to 2021—using CoinMarketCap and TradingView . Both periods saw Bitcoin leading the initial price movements, followed by capital rotation into altcoins. BTC dominance rose early, then declined as other tokens gained traction. This historical lens helps to frame a plausible path forward. AI analysis added structure by projecting how different segments might react under specific conditions. These include shifts in BTC dominance, ETH /BTC ratio trends, and short-term altcoin volatility following a price spike. We assume Bitcoin reaches $200K in an environment that supports a higher risk appetite, such as post-ETF-approval inflows, macroeconomic easing, or a weakening dollar. No single catalyst is implied, but conditions would likely include strong institutional demand and favorable regulation. Initial Shock: Bitcoin Dominance Spikes If Bitcoin breaks through $200K, dominance is likely to climb in the early stages. In past cycles, this has indicated capital concentration in Bitcoin as investors seek security in the most liquid asset. In 2017, dominance fell from 64 percent to under 40 percent as the rally matured. In the 2021 cycle, it peaked around 73 percent before dropping below 50 percent once altcoins gathered momentum. Bitcoin Dominance 2017-Present (Source: TradingView) At the $200K level, Bitcoin would almost certainly attract institutional flows and dominate trading volumes. Search interest and media coverage would spike, even among retail investors who have stayed on the sidelines. Historically, these moments have been associated with a rapid inflow of attention and capital, setting the stage for short-lived overextension. However, the rise in dominance might be temporary. Once BTC appears to stabilize at new highs, capital could begin rotating into ETH and eventually into smaller assets. This transition has occurred before, often within weeks of a Bitcoin top. Altcoin Rotation: ETH Rebounds, Altseason Looms Ethereum has historically underperformed during Bitcoin-led surges but tends to recover strongly once BTC momentum cools. During the late 2020 rally, ETH/BTC declined even as BTC rallied. But by mid-2021, Ethereum regained ground and outperformed Bitcoin in percentage terms for several months. The ETH/BTC ratio climbed steadily, indicating renewed confidence in broader crypto exposure. Ethereum to Bitcoin Ratio 2017-Present (Source: TradingView) Blockchaincenter’s Altcoin Season Index supports this. In both 2017 and 2021, altcoin rallies intensified once Bitcoin had already established a local high. In 2021, large-cap alts rose by over 170 percent compared to a relatively flat BTC. Smaller tokens often lag further, but their moves are sharper once they catch up. If BTC reaches $200K and then stabilizes, the conditions for a classic altcoin season may emerge. Capital typically flows first to ETH, then to mid-cap tokens, and finally to microcaps as risk appetite increases. Altcoin Season Index 2020-Present (Source: Blockchaincenter) These transitions are fast and often unpredictable. Investors watching dominance metrics, ETH/BTC ratios, and liquidity conditions may spot the early signs of such a rotation. Sector Reactions: DeFi, Memecoins, Metaverse Beyond general altcoins, specific token sectors have often been the primary beneficiaries of late-cycle capital. In 2021, DeFi protocols, meme tokens, and metaverse-related assets surged once Bitcoin began to flatten out. These moves were amplified by social sentiment and community engagement rather than core utility. Should Bitcoin reach $200K, speculative capital may again flow into these and other new, trending segments (AI, RWA , etc). Traders who missed the early BTC gains may chase higher beta assets, especially if short-term sentiment supports them. These rallies tend to be brief and steep, with heightened volatility on both the upside and downside. Timing also matters. These sectors often peak just after Bitcoin tops. Watch for rising social engagement and increasing trading volume as early indicators. Macro Tailwinds and Regulatory Catalysts No major price level exists in a vacuum. A $200K Bitcoin would likely follow a set of favorable macro and regulatory developments. Additional ETF approvals could trigger new flows from wealth managers and pension funds. A weakening dollar or easing Fed stance might drive investors to reevaluate long-term stores of value, and persistent inflation could push more institutional interest into hard digital assets. What drives the price also shapes what follows. An ETF-driven rally would likely keep most capital in Bitcoin and Ethereum. However, if broader macro recovery leads the charge—like a tech-stock rebound or real yield compression—then altcoins might benefit as well. The nature of the catalyst would determine the breadth of participation. A narrow rally driven by institutions tends to favor high-liquidity assets. A wider rally, driven by retail and macro optimism, tends to pull in speculative names. The outcome is not just price-based but structural. Understanding this would help investors anticipate where capital may flow next. Mapping Reversal Risks and Volatility Ahead In past cycles, dominance tends to peak around the time Bitcoin hits its top. When BTC hit $20K in December 2017, dominance fell shortly after. In 2021, BTC reached $69K while dominance was already declining, setting the stage for broad market retracements. The scenario might look like this: Bitcoin touches $200K, dominance climbs to 60 percent, then retreats over several days as capital disperses. If this process unfolds too quickly, altcoin prices may rise and fall just as fast. Tokens with low liquidity or inflated valuations may see abrupt corrections. The risk isn’t only that prices fall, but that the correction hits different sectors at different speeds. Bitcoin may remain steady while smaller tokens experience outsized drawdowns. Investors unfamiliar with this dynamic may misread the timing, entering too late or exiting too early. Volatility often follows rapid rotations. Watching dominance trends and ETH/BTC shifts can help assess when momentum begins to fade. Investor Sentiment Shifts—Retail vs Institutional Retail behavior often mirrors price action. In 2017 and 2021, Google Trends data shows search interest for “Bitcoin” peaked near the market top. These periods were marked by media saturation and public curiosity. Bitcoin Google Trend Index (Source: Google) Recent rallies haven’t generated the same level of attention. Even with new highs, search volume remains well below prior peaks. If Bitcoin hits $200K under similar conditions, the move may be driven more by institutions than retail. This could delay broader participation, especially in altcoins. A subdued retail environment might mute initial volatility, but it could also dampen follow-through in later phases. Altcoin seasons tend to rely on retail-driven liquidity. If that component is missing or delayed, smaller tokens may struggle to replicate past performance. Still, attention can return quickly. If media focus intensifies, search trends could reverse rapidly. Retail engagement tends to follow headlines. Preparing for a Potential $200K Bitcoin Market As we’ve explored what might happen if Bitcoin reaches $200K, we’ve drawn from real-world data and historical behavior to outline potential developments across market structure, investor behavior, and asset rotation. Key indicators to monitor include Bitcoin dominance, ETH/BTC ratio trends, and search activity. These offer insight into whether a rally is broadening, narrowing, or beginning to reverse. Rather than make a prediction, this scenario helps map expectations. Understanding previous cycles doesn’t guarantee foresight, but it does offer useful context. If Bitcoin does approach $200K, preparation will matter more than precision.

Author: CryptoNews

2025/07/03

“There is no fix” for the U.S. debt, says ex-Coinbase CTO Balaji Srinivasan — and it’s starting to show

“There is no fix” for the U.S. debt, says ex-Coinbase CTO Balaji Srinivasan — and it’s starting to show

Is the U.S. quietly heading toward a soft default, not through missed payments, but via inflation and currency erosion, just as Srinivasan warns? The $175 trillion problem no one wants to touch On the surface, America’s official debt stands at…

Author: Crypto.news

2025/07/03

DeFi Development Corp discloses $112.5 million private placement to fund SOL purchases

DeFi Development Corp discloses $112.5 million private placement to fund SOL purchases

PANews reported on July 2 that according to The Block, Solana Ecosystem listed company DeFi Development Corp (stock code DFDV) disclosed details of a $112.5 million private placement, which will

Author: PANews

2025/07/02

SHIB eyes surge; Promising $0.003 SHIB contender looks to redefine memecoin space

SHIB eyes surge; Promising $0.003 SHIB contender looks to redefine memecoin space

As Shiba Inu struggles, a bold new contender, XYZVerse, is winning over traders with its fusion of sports fandom and memecoin energy. #partnercontent

Author: Crypto.news

2025/07/02

Useless Coin rally at risk as whales and smart money start selling

Useless Coin rally at risk as whales and smart money start selling

Useless Coin’s price continued its strong rally this week, reaching a record high even as the broader crypto market retreated. Useless Coin (USELESS), a Solana (SOL)-based meme coin, rose to a high of $0.25, up nearly 1,000% from its May…

Author: Crypto.news

2025/07/02

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