The Weekly Bull-etin: No. 20

Welcome to Mu Digital's Weekly Bull-etin! We are bringing you the latest news and insights into real world assets ("RWA"), tokenization, stablecoins and yield products in the Web3 and Decentralized Finance ("DeFi") industry. Follow us to keep updated!

Mu-sings from the Editor

Gm,

Last week, the Federal Reserve cut interest rates by 25 basis points, a move widely anticipated by analysts. However, what caught many off guard was Fed Chair Jerome Powell's explicit statement that the Fed "cannot hold Bitcoin" and has no plans to change this stance. This announcement led to a significant drop in cryptocurrency values, with Real-World Asset (RWA) tokens also taking a hit.

Despite the market downturn, the RWA space saw notable advancements. World Liberty Financial, linked to Donald Trump, made substantial cryptocurrency acquisitions, including a $250,000 purchase of ONDO tokens.

Additionally, Sui partnered with Ant Digital Technologies to tokenize ESG-backed real-world assets, integrating them into the Web3 ecosystem. The Ozean Poseidon Testnet also went live, advancing the compliant integration of RWAs into decentralized finance (DeFi).

Until next time,

LA Yepez

What’s Mu?

1️⃣ Jerome Powell says Fed won’t hold Bitcoin or push for strategic reserve

2️⃣ Starknet Launches On-Chain T-Bill MMFs, Achieves 100M STRK Staked, Leading in RWA Innovation and Decentralization

3️⃣ Sui expands RWA tokenization with Ant Digital Technologies partnership

4️⃣ Ozean Poseidon Testnet from Clearpool is LIVE

5️⃣ BlackRock Muni ETF Used Blockchain to Buy Bonds

Charts of the Week

Onchain Yield Alternatives

Delta neutral positions dropped by over half to 12% due to the downturn in the general crypto markets. This week demonstrates the volatility inherent in the delta neutral trade strategy. Meanwhile, yields on AAVE, US Treasuries, and DAI have remained steady. All crypto native yield sources continue to be more attractive than US treasuries.

DeFi TVL Trends

DeFi Total Value Locked (TVL) has decreased by 3% to US$160 billion, driven by declines in liquid staking, restaking, and lending. Meanwhile, Real-World Assets (RWAs) experienced a 25% increase this week as developments surged.

Tweet Time