Midday on the news flow—the Middle East really isn’t giving anyone a break.
Since late September, the Strait of Hormuz has seen attacks on seven ships, Iran’s oil minister has resigned, the rial has crashed to 2.7 million per 1 US dollar, and the Houthis have attacked Saudi Aramco again. Brent jumped about $1 at the open. In this situation, the $BTC “safe-haven” narrative is being brought up again—even though it’s always been somewhat hit-or-miss.
On-chain, though, things are busy: $ARB ’s September income topped $5 million to set a record, and tokenized credit funds saw their market value rise by $90 million in a single month. $AVAX is even more aggressive—September RWA growth added $266 million, ranking first across the whole chain, and South Korea announced that by 2027 it will move $5 trillion worth of its stock market onto the blockchain.
Even Microsoft’s official X account was hacked to promote a Clippy meme coin—13 million followers could be hijacked.
Aave’s founder fired off remarks at the ECB over limits on stablecoin yields; with the MiCA re-review milestones coming up, there’s plenty to debate.
With geopolitical risk plus accelerating RWA adoption, near-term sentiment is somewhat bullish—don’t get carried away.
NFA DYOR
#BTC #RWA #Arbitrum #Avalanche #DeFi
Since late September, the Strait of Hormuz has seen attacks on seven ships, Iran’s oil minister has resigned, the rial has crashed to 2.7 million per 1 US dollar, and the Houthis have attacked Saudi Aramco again. Brent jumped about $1 at the open. In this situation, the $BTC “safe-haven” narrative is being brought up again—even though it’s always been somewhat hit-or-miss.
On-chain, though, things are busy: $ARB ’s September income topped $5 million to set a record, and tokenized credit funds saw their market value rise by $90 million in a single month. $AVAX is even more aggressive—September RWA growth added $266 million, ranking first across the whole chain, and South Korea announced that by 2027 it will move $5 trillion worth of its stock market onto the blockchain.
Even Microsoft’s official X account was hacked to promote a Clippy meme coin—13 million followers could be hijacked.
Aave’s founder fired off remarks at the ECB over limits on stablecoin yields; with the MiCA re-review milestones coming up, there’s plenty to debate.
With geopolitical risk plus accelerating RWA adoption, near-term sentiment is somewhat bullish—don’t get carried away.
NFA DYOR
#BTC #RWA #Arbitrum #Avalanche #DeFi