RWA 🌐 Global & Macro: US Treasury yields are climbing, exerting broad pressure on Asian currencies as investors weigh higher US rates against regional economic outlooks.
🏦 RWA & Institutional: No major RWA or institutional developments reported this hour.
⚡ Crypto & Markets: Multicoin Capital deposited another 333,200 HYPE (~$26.73M) to Coinbase Prime, signaling continued large-scale transfers of the Hyperliquid token. Binance has upgraded its commodity-style TradFi perpetual futures to 24/5 trading, removing the daily one-hour maintenance window to align with traditional market hours.
💡 Key Takeaway: Rising US yields are pressuring Asian FX, while crypto sees notable institutional movements in HYPE and Binance expands TradFi product accessibility.