RWA ๐ Global & Macro: No major macroeconomic or geopolitical events reported in this hour.
๐ฆ RWA & Institutional: 21 global banks announced a joint initiative to launch a stablecoin company, marking a major push by traditional finance into digital currencies. The move focuses on leveraging blockchain for faster, compliant cross-border payments, underscoring the convergence of TradFi and crypto.
โก Crypto & Markets: Taiwanese influencer ‘Machi Big Brother’ launched the TAIWAN token on the Robinhood chain, personally purchasing ~$600K worth, highlighting the rise of celebrity-endorsed meme coins on emerging platforms. Meanwhile, data shows that if Bitcoin breaks $81,915, cumulative short liquidations on major CEXs could reach $1.84B, signaling a potential short squeeze.
๐ก Key Takeaway: Traditional finance’s move into stablecoins signals growing institutional acceptance of blockchain, while Bitcoin’s liquidation threshold and celebrity meme coin activity keep retail sentiment elevated.