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!

Charts of the Week

Introducing the first edition of our Mu data charts, helping you make sense of the underlying market movements in the RWA space!

Stable Yields

With the current bearish market sentiment persisting, crypto-dependent yields (USDe, Aave) remain muted as funding rates remain low / negative and there is limited speculative borrowing given downward price pressure.

DeFi TVL

DeFi TVL continued its downward weekly trend - tracking weaker market momentum. Notably, RWA as a category was relatively unchanged while other DeFi categories saw an 8-10% drop in onchain TVL.

What’s Mu?

1️⃣ Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive Growth 💰

2️⃣ Interest rates are about to fall. Should the $2bn tokenised Treasuries market worry? 📉

3️⃣ BlackRock Adds 4,000 Bitcoin ETF (IBIT) Shares to its Strategic Global Bond Fund Amid Rising Institutional Interest 🪙

4️⃣ Sky’s New Stablecoin $USDS Freeze Function Causes Backlash; Is the Concern Warranted? 🥶

5️⃣ PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana 🚀

6️⃣ BlackRock Lists Ethereum ETF on Brazilian Stock Exchange 🤝