RWA Trading Volume Overtakes Crypto on Hyperliquid for First Time

Tokenized real-world assets surpass crypto trading volume on Hyperliquid. RWA accounted for $25.1 billion, or 52%, of Hyperliquid's $48.2 billion weekly volume, marking the first time an asset category outside crypto dominated the platform. 1

EU targets $120 billion A7 crypto network in 21st Russia sanctions package. The European Union's latest sanctions package hits the A7 cross-border payments network and 14 unnamed crypto platforms in Georgia, UAE, Panama, and other jurisdictions for facilitating sanctions evasion. 2

Bitcoin treasury companies unwind holdings as share prices collapse. Strategy, Satsuma, and Nakamoto have sold bitcoin holdings to repay debt or fund operations, with VanEck noting the digital asset treasury model is under severe pressure after BTC dropped 50% from its peak. 3

Uniswap introduces Permissioned Pools for compliant onchain asset trading. Uniswap v4's new hook standard allows issuers to enforce allowlist checks directly onchain, developed with Superstate, Securitize, and Dowgo to bridge DeFi liquidity with regulatory compliance. 4

Lido DAO approves Core Upgrade for mainnet deployment. Lido's biggest architectural overhaul in recent memory passes Dual Governance with zero vetoes, bundling Community Staking Module v3 and Curated Module v2 to improve scalability and reduce governance friction. 5

US State Department launches Freedom Tech program featuring Bitcoin. The initiative partners with the Bitcoin Policy Institute, Palantir, and Anduril to leverage blockchain tools for countering digital surveillance and protecting free expression online. 6

FATF warns DeFi label leaves centralized platforms outside AML rules. The global AML standard-setter urged governments to apply existing rules to DeFi arrangements where developers or token holders retain meaningful control, citing governance token holdings and upgrade keys as red flags. 7

SEC Commissioner Peirce warns DeFi vaults and lending may be securities. Hester Peirce said putting strategies on-chain does not remove them from securities laws if managers retain discretion over parameters and terms, signaling closer scrutiny of curated DeFi products. 8

Poolin, once Bitcoin's largest mining pool, files for Chapter 11 bankruptcy. The Singapore-based firm owes approximately $173 million to creditors. A $52 million bid for its West Texas mining sites is the only meaningful recovery currently on the table. 9

Visa, Goldman Sachs, and Samsung raise the stakes in stablecoins. Visa launched a managed platform for minting stablecoins, Goldman Sachs' CEO split from the banking lobby on crypto legislation, and Samsung previewed stablecoin functionality in its consumer wallet. 10

BitMEX faces class action lawsuit seeking return of 622.66 BTC. A proposed class action in the Southern District of New York targets the shuttered exchange over forced liquidations, seeking the return of the bitcoin from the plaintiffs. 8