RWA ๐ Global & Macro: Prediction market platform Kalshi has been named the exclusive partner of the US Open tennis tournament, marking a significant step for prediction markets in mainstream sports sponsorship and potentially boosting their visibility and adoption.
๐ฆ RWA & Institutional: A new feature has been added to display OP_RETURN data in real-time with a scrolling ticker, enhancing on-chain data visibility for applications including asset tokenization (RWA).
โก Crypto & Markets: Ethereum faces significant downside risk: data shows that if ETH falls below $2,388, cumulative long liquidation intensity on major centralized exchanges could reach $903 million, highlighting current market fragility.
๐ก Key Takeaway: While RWA-related on-chain tools advance and prediction markets enter mainstream sports, Ethereum’s liquidation cliff underscores persistent volatility and the need for cautious risk management in the crypto market.