$1.4 Billion Gone... And That’s Just One Story Over The Past Week

Between market crashes, major hacks, and groundbreaking milestones, the RWA and Web3 space had a wild week. Here’s what went down:

ByBit got hit with a $1.4 billion exploit—one of the biggest in crypto history. North Korean hackers managed to spoof hardware wallet interfaces, turning a simple transfer into a full-scale disaster.

Meanwhile, stablecoins are making big moves: ⬇️

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• Thailand is set to tokenize $148 million in government bonds by October
• Franklin Templeton expanded its on-chain treasury fund to European investors
• Chintai tokenized $570M in real estate cash flow for RealNOI

Then there’s the shift in market power. Ethereum dominates RWA with 54.5% market share, but deeper research suggests it's closer to 89% when factoring in heavyweights like Figure Markets.

Centrifuge also made moves, bringing in a new CEO, Bhaji Illuminati.

Meanwhile, MANTRA is launching a new RWA startup program with Google Cloud support, and Robinhood’s CEO is already calling tokenized private stocks the next big thing.

Regulation isn’t sitting still either.

• US financial institutions are pushing for corporate digital asset clarity
• Citadel Securities just joined the crypto trading game
• Euroclear and Digital Asset are teaming up to digitize collateral assets

So, what does all this mean for the future of RWA and Web3? 

Is regulation starting to clear the path, or are we heading toward more hurdles?

Would love to hear your take. What stood out to you the most?

PS: this report was gotten from RWA World Newsletter. You're missing if you haven't signed up :)

• Figure Markets launched the first-ever SEC-registered, yield-bearing stablecoin
• MANSA secured $10M from Tether to solve liquidity issues in cross-border payments
• SG-FORGE picked Stellar for their stablecoin, while Braza Group chose XRP Ledger

And the biggest stablecoin headline? PayPal is expanding PYUSD across all products and services, reaching 20 million merchants worldwide. This could be the moment stablecoins go mainstream.

Tokenization is moving fast too: