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BTC $70,769.97 +2.48%
ETH $2,086.78 +0.44%
BNB $639.23 -0.42%
XRP $1.45 +2.10%
SOL $86.75 -0.34%
TRX $0.2785 +0.88%
DOGE $0.0956 -1.16%
ADA $0.2711 +0.46%
BCH $526.07 +1.22%
LINK $8.81 -0.29%
HYPE $32.69 +4.29%
AAVE $114.35 +1.57%
SUI $0.9801 -0.56%
XLM $0.1613 +0.92%
ZEC $239.78 -0.62%

rwa

The People's Bank of China and the China Securities Regulatory Commission: This notice emphasizes that conducting RWA asset securitization without permission is an illegal activity, and continues the policy stance on virtual currencies from recent years

The heads of the People's Bank of China and the China Securities Regulatory Commission stated that the background for the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies" (hereinafter referred to as the "Notice") is: based on summarizing previous work experiences and in conjunction with the new risk situation, the original document has been revised to form the "Notice."In addition, this notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as legal tender, and that conducting virtual currency-related business activities within the country is considered illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.In response to the rapid development of real-world asset tokenization in recent years, the "Notice" emphasizes that conducting real-world asset tokenization activities within the country, as well as providing related intermediary and information technology services, which may involve illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, should be prohibited; except for related business activities conducted based on specific financial infrastructure with the approval of the competent business authorities in accordance with laws and regulations. Foreign entities and individuals are not allowed to illegally provide real-world asset tokenization-related services to domestic entities in any form.

DWF Founder: The crypto market is close to bottoming out, and behind-the-scenes M&A activity is very active

DWF Labs founder Andrei Grachev stated, "I believe the crypto market is now close to the bottom, with Bitcoin prices possibly experiencing around 15% volatility. This does not mean that there can only be upward movement afterwards, but it will drive more funds into the market. Although professional investors are still deploying capital, especially into RWA (real-world assets) and projects with large-scale and bold visions, there is almost no capital inflow from direct market purchases.In my view, making a new project popular and attracting attention is much easier than reviving and promoting old projects. This is also why I believe that most altcoins will rise after this bear market, except for those that truly have real business and business development—these will naturally be driven up by the overall market's future growth.Retail-driven trading volume, or what you might call foolish trading, is currently mainly flowing into PumpFun, with some going to Polymarket, but the world will not change because of this. When the market starts to recover and coin prices begin to rise, these people will follow suit, buying what whales are currently buying, as well as the new tokens I mentioned earlier. Behind the scenes, merger and acquisition activity is very active, with many projects and companies being acquired, some of which are planning to go public with at least some revenue. Because the long-term growth of the crypto industry is not in question, it's just a matter of time; the issue is survival rate."

Data: The overall cryptocurrency market is declining, with only the GameFi, AI, and RWA sectors remaining relatively strong

According to SoSoValue data, the overall trend of the cryptocurrency market is downward, with only the GameFi, AI, and RWA sectors remaining relatively strong, rising 1.06%, 0.98%, and 0.67% respectively in the last 24 hours. Within the GameFi sector, The Sandbox (SAND) increased by 8.57%, and Axie Infinity (AXS) rose by 7.06%. In the AI sector, Render (RENDER) went up by 5.36%, while the newly launched Sentient (SENT) surged by 482.08%.In the RWA sector, Pendle (PENDLE) and Sky (SKY) rose by 2.08% and 2.35% respectively. Additionally, Bitcoin (BTC) fell by 0.35%, dropping below $90,000; Ethereum (ETH) decreased by 2.10%, falling below $3,000.In other sectors, the CeFi sector dropped by 0.09% in the last 24 hours, with NEXO (NEXO) remaining relatively strong, rising by 0.53%; the Layer1 sector fell by 0.37%, but Zcash (ZEC) increased by 3.33%; the DeFi sector decreased by 0.97%, with River (RIVER) maintaining an upward trend, rising again by 27.07%; the PayFi sector dropped by 1.53%, while SafePal (SFP) rose against the trend by 4.63%; the Meme sector fell by 2.20%, with PIPPIN (PIPPIN) surging by 3.52% during the session; the Layer2 sector decreased by 2.98%, with Merlin Chain (MERL) dropping by 19.10%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi and ssiRWA indices rose by 2.73% and 1.43% respectively, while the ssiLayer2 index fell by 3.21%.
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