[Afternoon News Watch] Cointelegraph data shows that tokenized stocks have seen the number of holders rise to 1.31 million over the past month, while monthly transfer volume increased to USD 23.13 billion; meanwhile, CoinDesk noted that crypto funds are becoming more concentrated toward regulated institutions. My take: RWA is moving from the “narrative” into the “users and settlement volume validation” stage, but in the short term we should focus more on real-asset custody, liquidity, and compliance boundaries—not just hype coins. The market-wide total market cap is down about 0.17% over 24 hours, and trading volume has fallen by more than 42%. With thinner weekend volume, it’s not advisable to treat a single pump as a trend reversal. #RWA #BTC