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Crypto World

The Hottest Prediction Market in Crypto Just Left Solana, But Why?

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Will World rug or shutdown

The World prediction market, which launched on Solana (SOL) barely a week ago, said it will move to Robinhood Chain. The team offered no clear reason for leaving so soon after its debut.

The switch reverses a story from days earlier, when World was Solana’s homegrown answer to Polymarket and Kalshi. Now it is tying its future to a mainstream broker’s network.

A Fast Rise for the World Prediction Market

Prediction markets let people bet real money on the outcome of real events, from elections to football matches. World arrived in that fast-growing space with real hype.

The project built attention with a stealth campaign, teasing a glowing globe and the line “Trade Everything” before any product. It then went live inside Phantom on July 1, a wallet with more than 15 million monthly users.

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World never holds user money. It settles bets automatically using Chainlink data and pays winners in a stablecoin called CASH.

That hands-off payout set it apart from Polymarket and Kalshi, where users often have to claim their winnings themselves.

The Solana Foundation itself championed the launch. Its head of consumer, Pedro Miranda, called prediction markets a showcase for what the network can do.

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The app opened with short-term Bitcoin (BTC) price bets and 2026 FIFA World Cup markets. It also pushed out Kalshi inside Phantom, which had run the wallet’s markets since December 2025.

Its debut landed as the value of open bets across prediction markets hit a record $1.48 billion in June. That figure comes from a16z crypto.

Solana Out of the Prediction Market Race?

World framed the move as a considered choice. In its announcement, the team thanked the Solana Foundation and community but did not explain its thinking.

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Notably, the team pointed to no technical fault with Solana, which offered low fees, fast trades, and support for Phantom’s users. That silence is why the move looks like a business decision rather than a fix.

The clearest pull is reach. Robinhood Chain launched on July 1 as its own blockchain for tokenized stocks and on-chain finance, built on Arbitrum technology.

Its parent serves nearly 28 million customers across 38 countries, most of them mainstream investors rather than crypto users.

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Robinhood also has its own stake in the category. Prediction markets have been its fastest-growing product line by revenue, the company says.

“Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum,” said JB Mackenzie, VP and General Manager of Futures and International at Robinhood. “Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

In its first year, more than 1 million customers traded over 9 billion contracts. Robinhood is now building a CFTC-licensed exchange with market maker Susquehanna.

Continuity helps too. Chainlink, which powers World’s payouts, already works with Robinhood Chain, so its setup can follow along. Such moves often come with grants or funding, though World has confirmed none.

Traders Question the Motive

Not everyone bought the friendly framing. Some users accused World of using Solana for launch-week attention, then leaving once the hype paid off.

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Will World rug or shutdown
User suggests unfavorable end for World. Source: Koki on X

Those claims stay unverified, and World has framed the change as a migration, not a shutdown.

Because the protocol never holds user funds, a shutdown alone would not lock up deposits. Still, the doubts flag a real risk for anyone holding open bets.

Still, others see the move as proof of Robinhood’s growing pull, given that a project backed by the Solana Foundation would jump ship so quickly.

The market has rewarded that expansion, with Robinhood’s stock recovering after a notable drawdown earlier in the session.

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Robinhood (HOOD) Stock Performance. Source: TradingView
Robinhood (HOOD) Stock Performance. Source: TradingView

World Cup betting shows how much money now moves through the prediction market sector. One Polymarket trader lost $11.6 million on those markets in early July.

For now, key details stay thin, including how open bets move and when trading opens on the new chain. Whether the Robinhood bet pays off will hinge on the volume revealed in the coming weeks.

The post The Hottest Prediction Market in Crypto Just Left Solana, But Why? appeared first on BeInCrypto.

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Why is the US Stock Market Down Today?

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Crude Oil Rips

The US stock market fell on Wednesday as renewed US-Iran tensions sent oil above $75 and revived inflation fears. As a result, the S&P 500 slipped 0.7%, while the Fed minutes were largely overshadowed by the geopolitical shock.

1. Renewed US-Iran Tensions Spiked Oil

President Trump declared the US-Iran ceasefire “over” and flagged more strikes after US forces hit Iran overnight.

In response, Brent crude jumped 8% toward $80, while WTI topped $75. Because pricier energy squeezes corporate margins and household budgets, traders quickly fled risk assets.

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Crude Oil Rips
Crude Oil Rips: Investing.Com

2. IMF Warns Higher Oil Fuels Inflation

The oil spike landed alongside a fresh IMF warning. Specifically, the fund cut its 2026 global growth forecast to 3% from 3.5% and, at the same time, raised its inflation forecast to 4.7% due to elevated commodity prices.

Stickier inflation gives the Fed less room to cut rates, a clear headwind for stocks.

3. Investors Rotated Out of Pricey Tech

Money was already leaving stretched AI and chip names before the Iran headlines, after a Bank of America note flagged the AI trade as overvalued.

Most of the big tech names were seen trading flat or in the red, barring Broadcom (AVGO), which ripped on a separate $30 billion catalyst.

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Stock Screener
US Stock Screener: FinViz

As a result, energy was the clear standout on Wednesday, while technology and consumer defensives barely held green. Overall, it was a textbook risk-off tilt that punished cyclicals, financials, and materials the hardest.

What Happened to Major US Indexes?

  • S&P 500: down 0.68% to 7,452.54
  • Dow Jones Industrial Average: down 1.37%, or about 727 points, to 52,198
  • Nasdaq Composite: down 0.53% to 25,682
  • Russell 2000: down 1.43% to 291.96

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

Breadth, meanwhile, was firmly negative, with decliners beating advancers 3,949 to 1,513 and, likewise, new lows topping new highs 153 to 66. Notably, small caps fell hardest, a sign that investors dumped the riskiest, most economically sensitive names first.

Stock Heatmap
Stock Heatmap: FinViz

On the chart, the S&P 500 has traded in a falling channel since its June 2 high near 7,620, its all-time high. It is now defending 7,442.

Market Analysis
S&P 500 Analysis: TradingView

Holding it keeps the door open toward 7,484 and 7,551, while a break risks 7,408 and then the critical 7,374 floor.

Which Sectors Are Leading and Lagging?

Energy led at 1.63% as the oil surge boosted producer and refiner revenue. Similarly, technology and consumer defensives held barely positive as investors hunted shelter.

US Stock Market Sectors
US Stock Market Sectors: FinViz

In contrast, basic materials sank 3.14% as a firmer dollar and risk-off tone weighed on commodity producers. Meanwhile, consumer cyclicals, financials, and industrials all fell more than 1.3% on growth and rate worries.

Top Stock Movers and What Investors Are Watching Next

Alibaba (BABA) bucked the sell-off, jumping about 10% on earnings optimism and faster AI-driven cloud growth as investors rotated into cheaper Chinese tech.

Meanwhile, Intel (INTC) fell nearly 8%, extending a brutal slide. In particular, reports its 18A chip process may not turn profitable until 2027, while news that AMD passed it in data-center revenue added to the pressure.

Looking ahead, the next test for the US stock market comes from the June FOMC minutes, the first under Chair Kevin Warsh, after the meeting held rates at 3.50% to 3.75% behind a hawkish dot plot.

If confirmed, that hawkish lean would pair oil-driven inflation with a less dovish Fed, a dangerous mix for stocks. Yet the bigger swing factor sits in the Strait of Hormuz, where an actual Iranian blockade would push oil, and risk assets, sharply lower.

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Tokenized stock transfers jump 105% in a month, reaching $8.4B

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Crypto Breaking News

Activity in tokenized equities has accelerated sharply, with tokenized stock transfers more than doubling over the past month to $8.41 billion, according to RWA.xyz data. At the same time, the distributed value of tokenized equities rose 43% to $2.16 billion and the number of holders increased 17% to more than 409,000, highlighting a steady expansion in participation rather than a one-off spike.

Growth was led by several major tokenization platforms. Figure’s distributed value jumped 935% over 30 days, Securitize rose 332%, and xStocks increased by around 62%. Ondo remained the largest tokenized stock issuer by distributed value at roughly $846 million, followed by xStocks (~$708 million), Securitize (~$306 million), and Figure (~$239 million), per the same dataset.

Key takeaways

  • Tokenized stock transfers climbed to $8.41 billion over the last month, more than doubling versus the prior period.
  • Distributed value for tokenized equities reached $2.16 billion, up 43%, with holders rising 17% to 409,000+.
  • Figure, Securitize, and xStocks posted the fastest recent momentum, with Figure up 935% in 30 days.
  • Tokenized US Treasurys were largely flat over the same window, while the overall tokenized RWA market grew to about $33.5 billion.

Tokenized equities leave tokenized treasuries behind

RWA.xyz’s figures suggest tokenized stocks are currently outperforming other parts of the broader real-world asset (RWA) market. While the distributed value for tokenized US Treasurys—the sector’s largest asset class—was essentially flat over the past month, distributed value across tokenized RWAs grew by about 4% to $33.5 billion.

That relative performance matters for market participants because it points to where incremental demand is forming. Tokenized treasuries have often been viewed as the most straightforward onchain analogue to liquid, regulated fixed-income instruments. Yet, in this latest snapshot, equities are drawing more rapid growth—both in transfers and in the number of holders—indicating that tokenized access to corporate ownership is attracting attention and usage.

Fast-growing platforms and shifting share of attention

The month’s gains were not evenly distributed across issuers. RWA.xyz data shows that several platforms experienced outsized percentage increases: Figure’s distributed value surged 935% in 30 days, Securitize’s climbed 332%, and xStocks’ grew about 62%. Even with such dramatic percentage moves, the rankings by absolute distributed value also show continuity: Ondo still leads with about $846 million.

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This combination—rapid percentage growth among multiple players while the largest issuers maintain top positions—suggests the category is broadening rather than concentrating only around one dominant platform. For users, that can translate into more variety in access routes and custody/settlement workflows. For investors and traders, it may also imply that liquidity and market depth in specific tokenized equity offerings could improve as the holder base expands.

It also highlights the competitive dynamic among infrastructure providers and regulated issuers. When distributed value rises across the board, platforms that can onboard issuers, manage compliance, and support distribution into investor wallets typically gain share—not only in marketing, but in the operational capacity to keep assets moving.

From crypto exchanges to public-market listing models

The new growth appears tied to a wider push—spanning crypto-native venues and traditional capital markets—to bring tokenized equities closer to mainstream issuance. According to RWA.xyz, the tokenized stock market has expanded from roughly $378 million to $2.16 billion over the past year, a gain of about 471%.

One driver has been the wave of tokenized equity-style offerings using exchange distribution. During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet reportedly used xStocks infrastructure to offer tokenized pre-IPO access. Even though customer demand exceeded the available allocation, the episode underscored how quickly investors were willing to engage with blockchain-mediated access to an IPO.

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Momentum is now spreading into public-market signaling models. Earlier this month, Securitize reportedly became the first newly public company to issue tokenized versions of its shares on the Solana and Avalanche blockchains as it debuted on the New York Stock Exchange, according to related coverage from Cointelegraph: Securitize gains on NYSE debut with tokenized stock live on Solana/Avalanche.

These developments reflect a gradual shift from tokenization as a niche experiment to tokenized equities as a repeatable distribution channel—one that can run in parallel with established exchange and issuance mechanics.

Traditional finance firms step up tokenization plans

Competition is no longer limited to crypto exchanges. Traditional market utilities and exchanges are also moving toward tokenized securities infrastructure. In May, the DTCC announced plans to launch a tokenized securities service in October after receiving regulatory approval to offer tokenization services on pre-approved blockchains under a three-year pilot. Cointelegraph previously covered the announcement: DTCC eyes October tokenized securities launch.

Earlier this year, the New York Stock Exchange and its parent company, Intercontinental Exchange, unveiled plans for a platform intended to trade tokenized stocks and ETFs. Separately, Nasdaq partnered with Kraken and infrastructure firm Backed to develop technology linking traditional equities with blockchain networks, as discussed in Cointelegraph coverage: Nasdaq partnered with Kraken.

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At the same time, ICE CEO Jeffrey Sprecher has argued that regulators should allow traditional exchanges to offer 24/7 onchain perpetual futures, framing it as a level-playing-field issue for regulated venues competing with crypto-native platforms. Cointelegraph reported on this stance in NYE/ICE urged for a level playing field on 24/7 onchain perps.

While these future initiatives extend beyond tokenized stocks alone, they reinforce a common theme: established institutions are increasingly treating tokenization and onchain settlement as strategic priorities rather than optional pilots.

For investors and builders, the next question is whether the current burst in tokenized equity activity holds over the coming months—especially as tokenized US Treasurys appear flat in distributed value. Watching holder growth, transfer volumes, and whether additional issuers join the model will likely determine if this momentum is a temporary acceleration or the start of a broader, sustained onchain equity distribution trend.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Google Puts a New Prediction Markets Ban on Chrome

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Prediction Markets Notional Value. Source: Dune

Google has banned prediction market extensions from the Chrome Web Store under updated Developer Program Policies. Extensions that facilitate or enable real-money trades on predictive outcomes face enforcement starting August 1, 2026.

The change adds a new distribution chokepoint for Polymarket and Kalshi just as sector volumes hit records.

Why Google is Blocking Prediction Market Extensions

Google announced the changes on July 1 through the Chrome for Developers blog. The company expanded its Regulated Goods and Services policy to name predictive markets as prohibited products. Non-compliant extensions risk removal after the deadline.

The update reaches beyond event trading. Extensions may now collect only data strictly necessary to a disclosed single purpose. Developers must also prominently disclose every data practice and flag later changes.

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A separate rule bans tools built to circumvent safety guardrails in AI-powered services. Google framed the overhaul as a trust measure in its official announcement.

“Users should always have full visibility into how their data is handled, with the confidence that their extension ecosystem operates responsibly.”

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The stance cuts against Google’s own products. Google Finance began integrating prediction market data from Kalshi and Polymarket in November 2025. The company now welcomes the sector’s odds while blocking its trading tools.

Mainstream Momentum Meets Mounting Restrictions

The ban lands on a sector trading at record scale. Combined monthly notional volume reached $291.38 billion as of June 22, according to Dune data.

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Prediction Markets Notional Value. Source: Dune
Prediction Markets Notional Value. Source: Dune

However, restrictions keep stacking up. Argentina ordered a nationwide block of Polymarket in March, joining more than 30 countries. That same ruling forced Google and Apple to pull Polymarket’s apps for Argentine users.

In the US, the Commodity Futures Trading Commission (CFTC) is defending the sector in court. It’s a lawsuit over a Kentucky prediction market crackdown followed by similar cases against states, including New York and Wisconsin.

Capital keeps flowing regardless. Kalshi reportedly seeks a $40 billion valuation, months after a $1 billion Series F. Meanwhile, a Wall Street Journal analysis found Polymarket users losing money in over 70% of accounts. Just 0.1% of accounts captured 67% of all profits.

Prediction markets remain reachable through websites and mobile apps, so access itself survives.

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Justin Sun’s NFT marketplace managed just four sales last month

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Justin Sun's NFT marketplace managed just four sales last month

Justin Sun’s NFT marketplace, AINFT, and his memecoin platform, Sun Pump, are doing terribly, selling just four NFTs and launching 57 tokens in the past 30 days.

AINFT, which describes itself as “The Biggest NFT Trading Platform on TRON,” only facilitated two NFT sales this week. 

The NFT marketplace was originally launched as APENFT in 2021 before rebranding with an added nod to AI in 2025. 

Today, the marketplace is a ghost town. Across the last 30 days, only four NFT sales from two collections have been recorded, with a volume of 5,434 TRON, or $1,775.

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Meanwhile, during that same period, only 57 tokens have been launched on Sun Pump. Some days see as little as one token launched. 

That’s according to Dune Analytics dashboard, which also notes that the firm only made $196 across the last seven days. 

The majority of Sun Pump memecoins are themed around Justin Sun.

Read more: Justin Sun’s graveyard of abandoned crypto projects

On June 10, Sun Pump only made $3.

The range of memecoins isn’t particularly diverse either. Indeed, on Sun Pump’s homepage, 18 of the 36 displayed are Sun-themed with the majority of the others either based around USDT or a moustache.

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EU targets MiCA overhaul as US GENIUS Act reshapes stablecoin rules

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Bitget bets on tokenized Wall Street with new Reality platform

The European Union has begun preparing changes to its Markets in Crypto-Assets framework after the United States enacted the GENIUS Act, with regulators expected to review stablecoin rules and other digital asset provisions from 2027.

Summary

  • The EU is preparing to revise MiCA after the U.S. GENIUS Act changed the global stablecoin regulatory landscape.
  • Officials may expand MiCA to cover non-EU stablecoin issuers, tokenized payments, and tokenized deposits.
  • ESMA will review crypto custody risks at licensed CASPs through the first half of 2027.

According to a report published by Euronews on Wednesday, European Commission officials are preparing to revisit parts of the Markets in Crypto-Assets (MiCA) regulation as the bloc responds to changes in the global regulatory landscape.

The report said the review will focus on how non-EU companies issuing stablecoins should be treated under the existing framework following the passage of the U.S. Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

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Stablecoin oversight expands beyond existing MiCA rules

As part of the planned review, EU officials are expected to consider extending MiCA to cover tokenized payments and tokenized deposits, according to Euronews. The report also said policymakers want to provide greater legal clarity for U.S.-based stablecoin issuers seeking to operate across the European Union’s 27 member states, an issue that has gained urgency after the new U.S. law.

Those discussions come only days after MiCA’s licensing regime became fully operational. Since July 1, crypto firms serving customers in the European Union have been required to obtain authorization as Crypto-Asset Service Providers (CASPs) from a regulator in one of the member states before offering services across the bloc.

Even with those rules now in force, the European Commission has already opened a consultation on possible updates to the framework. The consultation, often referred to by industry participants as “MiCA 2.0,” seeks feedback on issues including decentralized finance, stablecoins and other areas that may require additional regulation. The public comment period will remain open until Aug. 31.

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Regulators add custody reviews as crypto rules evolve

Alongside the consultation process, European regulators are increasing supervision of companies already operating under MiCA. The European Securities and Markets Authority (ESMA) announced on Wednesday that it will examine the operational resilience of licensed Crypto-Asset Service Providers, with particular attention to custody-related operational risks.

According to ESMA, the review will run from July through the first half of 2027 and will assess how licensed crypto firms safeguard customer assets and manage operational disruptions under the new regulatory framework.

Developments in the United States continue to influence those discussions. Besides the GENIUS Act, U.S. lawmakers are advancing the Digital Asset Market Clarity Act, legislation intended to establish a market structure framework for digital assets. The bill has already cleared two key House committees over the past year and is expected to move to a Senate vote in July before lawmakers leave Washington for their month-long state work period.

Taken together, the parallel regulatory efforts in Europe and the United States indicate that policymakers on both sides of the Atlantic are continuing to refine crypto rules as stablecoins, tokenized financial products and digital asset services become a larger part of the financial system.

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Michael Burry bets on sportsbooks DraftKings, Flutter

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Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York.

Dimitrios Kambouris | Getty Images

Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks.

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Burry said Wednesday he purchased a full-sized position split roughly 60% in Flutter and 40% in DraftKings, buying Flutter at about $107 a share and DraftKings in the low $26 range. He said he could eventually increase each holding into a full standalone position.

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DraftKings one year

The investor, who rose to prominence for predicting the U.S. housing crash in 2008, said both companies are attractive businesses whose shares have been weighed down by the rapid expansion of prediction markets.

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Those platforms have increasingly offered event-based contracts, which the U.S. Commodity Futures Trading Commission asserts is under its jurisdiction. The federal agency is currently engaged in legal action against multiple states in a battle over who can regulate prediction markets. The contracts have also managed to sidestep state gaming taxes.

“I believe that the political climate will not tolerate this,” Burry said in a Substack post Wednesday. “Prediction markets exist in a loophole adjacent to a heavily regulated and taxed industry. In time, prediction markets will be subsumed into regulation and taxation.”

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Flutter Entertainment one year

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Shares of DraftKings have fallen about 45% from their 52-week high reached last September, while Flutter has slid 65% from its August peak.

“DraftKings is inflecting as an operating business and the value is in the transition I foresee in the near future,” he wrote. “Flutter has been hurt by capital misallocation in the past, but is a fundamentally very good operating business with terrific scale.”

Both companies have also begun exploring their own prediction-market offerings, potentially positioning themselves to benefit regardless of how the regulatory landscape evolves, Burry noted.

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Kazakhstan Crypto Decree Targets Mining And Stablecoins

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Kazakhstan Crypto Decree Targets Mining And Stablecoins

Kazakhstan, one of the world’s largest Bitcoin mining hubs, is moving to expand its crypto sector as a new decree introduces rules for stablecoin payments, tax breaks for regulated crypto activity and new energy options for mining.

Kazakhstan President Kassym-Jomart Tokayev has signed a decree aimed at building a regulated digital asset market, the Ministry of Artificial Intelligence and Digital Development (MAIDD) announced on Wednesday.

Developed jointly by MAIDD, the central bank and the Astana International Financial Centre, the order is viewed as a tool to increase regulatory clarity for crypto businesses, investors and digital asset service providers.

The move signals Kazakhstan’s latest effort to expand its role in the crypto industry and establish itself as a major global crypto hub.

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Stablecoins enter Kazakhstan’s cross-border trade plans

In one of its key directions, the decree targets modernization of Kazakhstan’s payments infrastructure, including provisions on creating mechanisms for using digital assets and stablecoins in cross-border settlements.

The government said the move could support export and import operations by adding digital assets to Kazakhstan’s financial toolkit while keeping transactions within a regulated framework.

Related: USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune

The order also aims to move crypto activity from foreign unregulated platforms into Kazakhstan’s licensed digital asset infrastructure. Users holding digital assets abroad will be encouraged to disclose them and transfer them to approved domestic service providers.

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For individuals, the government plans tax incentives for digital asset activity conducted through regulated infrastructure, including a proposed exemption from personal income tax on related income.

Gas-powered energy plans for digital mining

The action also addresses Kazakhstan’s energy resources, introducing a mechanism for associated petroleum gas and natural gas from oil and gas fields to be used for autonomous electricity generation when those resources are not needed for state purposes.

That electricity could support digital mining operations, adding an energy component to Kazakhstan’s broader crypto strategy, the announcement said.

Kazakhstan ranked third globally by estimated Bitcoin mining hash rate, according to data by the Cambridge Centre for Alternative Finance (CCAF) published in 2022. Source: CCAF

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Separately, Kazakhstan’s government has introduced a “70/30” energy model that allows data centers and digital miners to directly access up to 70% of new power generation capacity created through infrastructure upgrades.

Related: Solana Company to back Kazakhstan’s $6B crypto megacity ambition

The decree also outlines plans to develop tokenized financial instruments and national trading infrastructure, as the Central Asian country seeks to attract digital asset investment.

“Our goal is to make Kazakhstan a point of attraction for global capital and expertise while ensuring maximum transparency and protection for every participant in this market,” MAIDD Minister Zhaslan Madiyev said.

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Magazine: Dubai tops Asian crypto hubs, Taiwan passes crypto laws: Asia Express

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The 5 Types of RWAs Being Tokenized Fastest

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The 5 Types of RWAs Being Tokenized Fastest

Standard Chartered head of digital assets research Geoff Kendrick predicted in a recent research note that assets in DeFi could reach $2.7 trillion by 2030.

He said that, currently, only 3% of stablecoins and 10% of tokenized real-world assets (RWAs) are used in DeFi. However, he predicts this will rise to 30% by 2030.

That would be a 37-fold increase from where they are now, but the growing tempo of tokenization gives Kendrick reason for an optimistic outlook. 

The market for tokenized real-world assets — which includes stocks, bonds, real estate, gold, and carbon credits — hit $32.22 billion in distributed on-chain value by the end of June. That’s almost three times the roughly $11.8 billion RWA market from a year earlier. Add stablecoins, which are just tokenized real world fiat, into the mix, and the broader tokenized market sits north of $328.8 billion.

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Total RWA asset holders have grown to 937,928, up 13% last month alone, according to data from RWA.xyz.

Here’s a closer look at exactly what is driving growth across different RWA verticals.

US Treasuries 

US Treasury bills, notes, and bonds are the largest tokenized asset category by on-chain value at $15 billion. They’re familiar for investors, low-risk, liquid and generate yield — something that stablecoins can’t do yet.

Launched in March 2024, Blackrock’s BUIDL fund reached over $2.9 billion in total asset value by June 2025. It’s currently at $2.23 billion as some funds declined due to capital reallocation and competition between platforms. It has distributed more than $100 million dividends and operates on Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos, and BNB Chain.

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Source: RWA.xyz

In February 2026, Uniswap Labs and Securitize announced that BUIDL shares were available for trade on UniswapX. This put a major, regulated, institutional tokenized fund on a decentralized exchange (albeit with restrictions on who can buy and sell it).

“This is the unlock we’ve been working toward: bringing the trust and regulatory standards of traditional finance to the speed and openness for which DeFi is known,” said Carlos Domingo, CEO of Securitize.

Related: Philippine SEC signals readiness for RWA tokenization

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A similar product is Franklin Templeton’s OnChain US Government Money Fund, which is represented in the form of the BENJI token. It has reached $2.44 billion and runs on Avalanche, Arbitrum, Aptos, Base, and BNB Chain, Stellar, Ethereum, Solana, Polygon.

Source: RWA.xyz

Other significant Treasury products include Circle’s USYC ($3.1 billion), Ondo’s suite ($3.7 billion) and WisdomTree’s WTGXX ($764 million).

Private Credit

Private credit — loans that are issued, negotiated and held by non-bank institutions — is another fast growing category within RWAs.  

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The appeal is similar to that of Treasuries, but private credit provides higher yields than government debt. Furthermore, tokenization helps add liquidity to the private credit sector, which is known for years-long capital lockups. 

A corporate treasurer or asset manager can now hold private credit positions that are transferable on-chain, usable as collateral, and redeemable.

The largest platforms for issuing tokenized private credit are Maple Finance and Stokr. Each has about 22% market share, according to RWA.xyz. The total value of tokenized private credit is about $6.2 billion. 

Stocks and ETFs

Currently, stocks represent a modest proportion of overall tokenized assets with just $2.19 billion, according to RWA.xyz.  That’s up by almost 50% in just the past thirty days, so it is growing very quickly, and is set for a further major boost soon.

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In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to pilot tokenized securities trading. DTCC clears and settles almost all US stock trades and custodies over $114 trillion in securities. 

The pilots are slated to begin this month, with a full commercial launch possible by October.  

The assets in the pilot include Russell 1000 equities, major index ETFs, and US Treasuries. More than 50 financial firms are participating, including BlackRock, Goldman Sachs, JPMorgan, Citigroup, Bank of America, Morgan Stanley, Circle, Ondo Finance, and Ripple Prime. 

Ondo Finance now holds roughly 60% of the tokenized equity market through its Global Markets platform. In March 2026 it entered a partnership with Franklin Templeton to tokenize five ETFs.

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In April, it formed another partnership with Broadridge Financial Solutions to let holders of tokenized stocks and ETFs to submit voting preferences for underlying shares.

Source: RWA.xyz

Gold and commodities 

Tokenized gold, the largest sub-category within tokenized commodities, has been around for years, but 2026 gave it an unexpected stress test.

When US–Iran tensions escalated in early 2026, traditional markets were closed. Tokenized oil and gold markets were not. 

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After the US and Israel attacked Iran early this year, Wall Street trading desks increasingly found themselves using on-chain perpetual futures platforms as the only available venue for pricing gold, oil, and other risk-off assets during off-hours.

Weekend volumes on on-chain commodity perpetuals have increased ninefold since the beginning of 2026. Onchain perpetual futures for commodities now make up more than 67% of builder-deployed contracts on DEXs.

The takeaway is that tokenized commodities, which trade on markets that never close, can provide a real advantage amid geopolitical turmoil, which doesn’t happen based on market hours.

Tokenized commodities hit $5.8 billion in March 2026 and have pulled back to $4.7 billion currently, with gold making up a substantial majority of that. 

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Tokenized gold volumes have increasingly begun to move in concert with traditional gold markets. This correlation was historically weak but crossed the 0.70 threshold in Q1 2026, suggesting the onchain market is maturing.

Real estate

Real estate tokenization has been more of a promise to date than a reality at scale.

As a slice of the RWA pie, real estate represents just $202.7 million in assets at present, but that’s only going to grow with its entry into a couple of major, regulated markets this year.

Dubai’s Land Department began the second phase of its real estate tokenization project in February 2026, opening tokenized property units for resale. Hong Kong’s Securities and Futures Commission also approved real estate tokenization products from Derlin Holdings in the same quarter. 

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Real estate tokenization offers fractional ownership to investors who cannot afford the high cost of entry for real estate investment. The token represents a share of the building, which can offer proportional rents and the ability to trade their position without waiting for a property sale. 

Source: RWA.xyz

RWAs are still relatively small

Tokenized real-world assets are growing, but still have a long way to go. Tokenized Treasury products are the largest and most mature category of RWAs, representing almost $15 billion. This is still dwarfed by the traditional US Treasury market of some $30 trillion.

Tokenized stocks are a rounding error compared to the DTCC’s $114 trillion worth of assets under custody. 

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Liquidity is also still pretty thin, with many RWAs seeing low secondary trading and long holding periods.

But regulators are beginning to get on board. In March, the SEC approved a Nasdaq proposal to allow certain stocks to be traded and settled via tokens. Analysts and observers are expecting a more broad approval of stock token trading in the near future, with SEC Chair Paul Atkins likely to give RWAs the go-ahead through an “innovation exemption.”

The now appears to no longer be whether real-world assets will be tokenized, but how quickly.

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SHIB’s Path and Why Launch Week Belongs to Bullski’s Priority List

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SHIB's Path and Why Launch Week Belongs to Bullski's Priority List

Any honest Shiba Inu price prediction starts from the same fact: SHIB already made its legendary run, and the next one has to move hundreds of trillions of tokens.

So this forecast maps a path instead of promising fireworks, through the burns, Shibarium, the supply math, and the meme cycle. It also covers the other Ethereum meme story this week, a brand new stage one opening Friday on Bullski’s official website, where the free priority list is filling ahead of launch.

SHIB’s Path From Here

SHIB launched on Ethereum in August 2020 and turned a joke into an empire: Shibarium, its own layer 2, a burn portal steadily retiring tokens, listings on most major exchanges, and one of the biggest holder bases in crypto. The project outgrew the meme label years ago, which is exactly what a forecast has to price.

Mature coins move differently. SHIB trades with Bitcoin and the broader meme cycle more than on its own headlines, and the wild percentage days of 2021 have given way to slower, heavier swings. The question is no longer survival, it is how far this base carries the next leg.

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Shiba Inu Price Prediction: The Scenarios

Four forces set the path. Burns retire tokens daily, at a pace that trims the supply rather than transforms it. Shibarium adds transactions, and more activity means more burning and more reasons to hold.

Against both stands the big headwind, a circulating supply in the hundreds of trillions, so every rally needs enormous new money just to move the price. The wild card is the meme cycle, which still lifts SHIB hard in risk-on seasons.

Here is how those forces stack into scenarios along SHIB’s path, hedged the way any honest forecast should be.

Phase

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Bear

Base

Bull

Range phase (now)

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Slides toward the bottom of its long range

Chops sideways while burns trim supply

Reclaims the top of the range early

Meme cycle turn

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The bounce fades under old resistance

New yearly highs alongside the sector

Leads the sector as the household name

Shibarium traction

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Activity stays too thin to matter

Burn pace grows and the floor firms up

Demand plus burns start work on a zero

Full breakout

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The 2021 peak stays out of reach

A long climb back toward old highs

A genuine retest of the $0.00008845 record

Watch out: SHIB’s enormous supply means even a strong rally moves the price by fractions of a cent. Size expectations to that math, not to screenshots from 2021.

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Shiba Inu Technical Analysis: Levels to Watch

Analysts track three things on the SHIB chart: whether it defends its multi-year range lows, how it behaves around the round-number zero lines that act as psychological support and resistance, and how much air sits under the $0.00008845 all-time high from October 2021. Momentum arrives in bursts with the meme cycle, so the levels matter most when volume suddenly returns.

Why Launch Week Belongs to the New Ethereum Meme

Here is the part of the SHIB story people forget: there was never a SHIB presale. The token simply appeared on Ethereum in 2020, and whoever found it before the crowd caught the entry everyone has hunted since.

That is what makes this week different. Bullski ($BULLSKI) is the new Ethereum meme, an ERC-20 token with a fixed 120 billion supply, and its stage one is still ahead of it. The 16-stage presale climbs toward a $0.0025 listing reference, the contract is verified on Etherscan, an audit is in process, and liquidity locks at launch.

Staking and referrals run from day one, so early buyers earn while the stages fill.

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The date is set: stage one opens at 5pm UTC on Friday, July 10. Until then, the free priority list is filling with buyers who want the first entry at the lowest stage price.

In short: SHIB proved an Ethereum meme can build an empire; launch week is about the one still laying its first brick.

SHIB Holders’ Launch-Week Move

None of this says sell your SHIB; the long-hold case above is real. The launch-week move is about the other slot in a meme portfolio, the early-entry slice that SHIB, by its own success, can no longer be.

Reserving that slice takes minutes. Head to the official site and add yourself to the priority list, then have an Ethereum wallet funded with ETH or USDT before Friday evening. When stage one opens, priority members enter ahead of the public rush, buy at the first stage price, and can put their tokens straight into staking while the crowd is still finding the page.

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$250 USDT Giveaway: launch week comes with a bonus. Bullski’s “Bullish by Default” draw is sending $250 USDT to one winner, picked at random, no purchase needed. You can get in the Bullski giveaway by joining the Telegram and following on X, with extra entries for inviting a friend. Winners are announced only on the official channels, and the team will never ask for your keys.

Shiba Inu Price Prediction FAQ

What is the Shiba Inu price prediction?

The honest answer is a range. The base case keeps SHIB tracking the meme cycle while burns and Shibarium slowly tighten supply, the bull case works back toward old highs, and the bear case is a longer sideways drift.

Can SHIB break out this cycle?

It can, and it has surprised the market before. A strong meme season, rising Shibarium activity, and a faster burn rate are the ingredients to watch. The caveat is scale: lifting a coin with hundreds of trillions of tokens takes far more new money than it did in 2021.

What is holding SHIB back?

Mostly its own size. With a circulating supply in the hundreds of trillions, even large inflows nudge the price rather than move it, and the easy discovery phase ended years ago. Burns help at the margins, but that math is the headwind every SHIB forecast has to respect.

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What launches this week on Bullski?

Stage one of the 16-stage Bullski presale opens this Friday at 5pm UTC. Priority list members enter first, buy $BULLSKI with ETH or USDT at the earliest price, and can stake immediately as the sale climbs toward the $0.0025 listing reference.

For More Information

Website: Visit the official Bullski website at bullski.io

Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial

X (Twitter): Follow Bullski on X at x.com/bullskicoin

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Officials Set to Revise MiCA to Cover Non-EU Stablecoin Issuers: Report

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Officials Set to Revise MiCA to Cover Non-EU Stablecoin Issuers: Report

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.

According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the framework’s scope, specifically regarding non-EU companies issuing stablecoins. 

The revised rules, which authorities will reportedly consider in 2027, were in response to the US government’s Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.

Under MiCA, crypto companies offering services to EU-based users across 27 member states must now be licensed as Crypto-Asset Service Providers (CASPs) by a regulator in one of the member states. Although the licensing requirement took effect on July 1, European Commission officials had already opened a comment period for potentially revising the framework, including provisions on decentralized finance (DeFi) and stablecoins.

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Related: Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research

The proposed framework, which some have dubbed “MiCA 2.0,” will remain open for comments until Aug. 31. However, Miroslav Durić, a senior associate at Taylor Wessing, told Cointelegraph in June that it was unlikely that “any concrete legislative proposals will be adopted before 2028.”

In addition to the GENIUS Act, US lawmakers are reportedly continuing discussions to advance their own version of market structure called the Digital Asset Market Clarity (CLARITY) Act. The bill, advanced by two key committees in the previous 12 months, is expected to head to a vote in the Senate in July before the chamber breaks for month-long state work periods.

EU regulators reviewing crypto custody risks

The European Securities and Markets Authority, one of the regulators supporting the implementation of MiCA, announced on Wednesday that it planned to review the operational resilience of CASPs licensed under the recently enacted framework. From July through the first half of 2027, EU regulators will examine how crypto companies handle custody-related operational risks.

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Magazine: Why stablecoins and SWIFT may have to coexist

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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