RWA ๐ Global & Macro: The EU is reviewing its MiCA framework with a focus on staking services, potentially imposing new corporate requirements and stricter oversight on crypto staking providers operating within the bloc.
๐ฆ RWA & Institutional: Visa is moving to close a loophole that allowed credit card rewards points on meme coin purchases, aiming to prevent abuse of its rewards system tied to speculative crypto transactions.
โก Crypto & Markets: Machi Big Brother (Huang Licheng) has reduced his long positions in ETH and BTC while increasing his long position in HYPE, with his total position size dropping to $95.16 million.
๐ก Key Takeaway: Regulatory tightening continues as the EU reviews staking rules and Visa curbs speculative rewards, while notable whale Machi Big Brother rotates capital from ETH/BTC into HYPE.