RWA ๐ Global & Macro: Wall Street expects the US government to issue approximately $1 trillion in short-term debt, a surge in Treasury bill supply that could tighten liquidity and reshape financial conditions.
๐ฆ RWA & Institutional: No direct RWA tokenization developments this hour; however, Gemini’s market cap has fallen to $753 million, with its regulatory licenses still seen as holding acquisition valueโa signal of consolidation interest in regulated crypto infrastructure.
โก Crypto & Markets: Senator Cynthia Lummis criticized Democrats for voting against crypto transparency measures they had previously demanded, underscoring persistent partisan friction over digital asset oversight in Congress.
๐ก Key Takeaway: A looming $1T T-bill wave threatens to drain liquidity, while Washington’s crypto policy gridlock and Gemini’s declining valuation highlight regulatory and market uncertainty.