RWA ๐ Global & Macro: The Bank of England held interest rates steady, signaling persistent macro caution. Meanwhile, CATL announced a 1.4 billion yuan ($1.4B) investment to expand lithium carbonate production, underscoring continued momentum in battery supply chains.
๐ฆ RWA & Institutional: Ondo Finance’s succession crisis escalated as the founder’s mother faces allegations of dementia and alcoholism from her daughter, raising concerns over leadership stability at the RWA tokenization platform.
โก Crypto & Markets: Hyperliquid’s aid fund has bought back and burned over $1.3 billion worth of its native tokens, significantly reducing supply and potentially boosting token value.
๐ก Key Takeaway: Macro caution persists as the BoE holds rates, while strategic capital continues to flow into battery supply chains and crypto deflationary mechanisms gain traction.