As RWAs cross $32 billion and JPMorgan files for a new tokenized fund, Axis CEO Chris Kim argues that the industry is celebrating the wrong milestone. Real-world assets (RWA) crossed $32 billion in market value for the first time on Tuesday, as Wall Street’s love affair with tokenization continues to accelerate. JPMorgan was the latest to double down on its interest through a filing with the Securities and Exchange Commission for a new tokenized money-market fund for stablecoin issuers on Ethereum. Not everyone is impressed by the big names and numbers. Read more
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Bitcoin ETFs saw $635 million in outflows on Wednesday, the largest since late January, as BlackRock’s IBIT led redemptions amid profit-taking and BTC swings near $80,000. US spot Bitcoin exchange-traded funds (ETFs) posted their largest daily outflow since January as Bitcoin struggled to hold the $80,000 level after a sharp rebound from April lows. Bitcoin (BTC) funds recorded $635.2 million in outflows on Wednesday, extending $233.3 million in outflows from the previous trading session, according to SoSoValue data. So far, weekly outflows stand at $841.2 million, putting ETFs on track for their first week of net losses after six consecutive weeks of gains totaling around $3.4 billion. Read more
T3 Financial Crime Unit says it has frozen over $450 million tied to suspected illicit activity as stablecoin compliance pressures intensify. The T3 Financial Crime Unit, a joint initiative backed by Tether, Tron and blockchain analytics company TRM Labs, says it has helped freeze more than $450 million in assets linked to suspected criminal activity since its launch in 2024. The group said in a Thursday release shared with Cointelegraph that it has worked with law enforcement agencies across 23 jurisdictions to target funds tied to alleged drug trafficking, exchange hacks, North Korea-linked activity, terrorist financing and violent “wrench” attacks, including kidnappings and extortion. The unit focuses on Tether’s USDT stablecoin activity on the Tron blockchain and says it has been able to freeze assets within 24 hours in multiple emergency cases at the request of authorities. T3 FCU said it intercepted 43.9% more illicit proceeds in 2025 than in the previous year. Read more