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According to The Block, Kraken has partnered with the on-chain institutional lending platform Maple to launch an on-chain storage facility for digital asset collateralized loans. This facility will provide USDC liquidity to Kraken's over-the-counter lending clients, allowing borrowers to use crypto assets such as BTC and ETH as collateral.

The latest report from Binance Research shows that the on-chain tokenization of real-world assets (RWA) has grown by 589% since the beginning of 2025, now exceeding $31.4 billion, further expanding from $21.5 billion at the beginning of 2026, and growing approximately fivefold since the beginning of 2025. The main drivers of growth come from bonds and money market funds, which together added about $6.5 billion, an increase of 83%. Tokenized U.S. Treasury bonds, money market funds, gold-backed assets, and tokenized listed stocks are the main driving forces behind this round of growth. Although the base for tokenized stocks is relatively small, the growth rate is particularly remarkable, indicating that issuing institutions are testing whether blockchain tracks can support the circulation of a broader range of traditional securities.Analysts point out that this round of RWA growth differs from the previous narrative of the crypto market dominated by speculative trading or DeFi yields, and is more closely linked to traditional financial infrastructure, focusing on institutional needs such as settlement efficiency, collateral liquidity, and programmable asset services. However, compared to the global bond, money fund, and stock markets, which are worth tens of trillions of dollars, $31.4 billion is still a drop in the bucket. The report indicates that the key to the next phase of growth lies not in the issuance of tokens themselves, but in the improvement of liquidity depth, legal enforceability, custody standards, and access to secondary markets. The regulatory framework remains the core bottleneck restricting further expansion of scale.

The Ethereum community is debating the proposal to tax staking rewards. The newly established EthLabs has received support from institutions such as BitMine, providing off-chain funding alternatives for ecological development.

In two proof-of-concept projects completed by the Ethereum infrastructure team Nethermind and UBS, both parties demonstrated that regulated banks and asset management institutions can achieve strong compliance control on public, permissionless networks without modifying the Ethereum protocol itself.In this project on the Ethereum Sepolia testnet, the team built and validated a node that can impose custom compliance rules on external transactions, as well as a component that routes approved transaction bundles to specific block builders, without involving real fund transactions throughout the process.

Galaxy Research stated that Bitcoin miners are entering a "Miner Capitulation" phase, with the current network mining difficulty having decreased by more than 20% from its historical peak, marking the largest drawdown since the comprehensive crackdown on Bitcoin mining in China in 2021.The organization pointed out that this is the most significant decline in Bitcoin network difficulty from its peak in the past five years, reflecting that some miners are continuously exiting the network or shutting down their equipment amid a sluggish market and pressured profitability.

Last week, the cryptocurrency market was under pressure due to higher-than-expected CPI data and geopolitical tensions in the Middle East. However, as the market completed risk pricing, BTC, ETH, and the overall cryptocurrency market experienced a rebound after an initial decline. BTC rose approximately 4.2% for the week, while ETH increased about 2.1%. The ETF capital flows and derivatives market also showed signs of recovery.Gate TradFi Perp's daily trading volume repeatedly exceeded $500 million, peaking close to $700 million, reflecting a continued warming of institutional risk appetite and demand for multi-asset allocation. In terms of institutional business, Gate's institutional trading volume share increased by 7.5% month-on-month, with BTC and ETH spot market shares growing by 9.62%.

According to the Federal Reserve's official website, the Federal Reserve Board is seeking public comments on a proposal that would require certain payment stablecoin issuers to establish and maintain effective Customer Identification Programs (CIP). This proposal was jointly issued by the Federal Reserve and four other agencies.According to the proposal, the relevant stablecoin issuers must comply with Customer Identification Program standards similar to those for banks and credit unions. The comment period is 60 days after the proposal is published in the Federal Register.

Bitget announced the integration of the AI trading platform MATRIX[ON] under ClaudeTrader™. Users can access a professional trading environment that integrates AI analysis, risk management, and market intelligence with one click, without the need to manually configure APIs or migrate data across platforms, achieving a seamless connection from market access to intelligent decision-making.MATRIX[ON] consolidates tools that were previously scattered across multiple platforms or limited to professional institutions into a single interface, covering whale tracking, clearing monitoring, hedge execution, account health analysis, and AI-driven market intelligence, providing traders with a complete view of market conditions and risk assessment.MATRIX[ON] CEO Kyriacos Adamantos stated that true trading analysis tools have long been limited by high costs or institutional barriers, and through this collaboration, every trader worldwide can gain equal access to top-tier tools.

According to Jinshi, multiple institutions have significant disagreements regarding the future policy direction of the Federal Reserve. Goldman Sachs believes that if inflation does not cool down, the Federal Reserve may raise interest rates in September or in the fall, while Huatai Securities expects rates to remain unchanged in September, with the probability of a rate hike by the end of the year close to 50%. Regarding rate cuts, Nordea Bank believes that cuts may be delayed until 2027, while Citigroup expects cuts in 2026. Other institutions such as JPMorgan Chase and CITIC Securities tend to favor maintaining the current policy.

The development company behind zkSync, Matter Labs, announced layoffs on Tuesday and is fully transitioning the entire organization to the institutional-grade on-chain privacy infrastructure platform Prividium. CEO Alex Gluchowski defined this move on X as a skills restructuring rather than a cost-cutting measure, stating that the products built for regulated financial institutions since 2024 have evolved into Prividium, aiming to provide on-chain infrastructure that combines transaction confidentiality with compliance auditing capabilities for regulated entities such as banks and asset management companies.Gluchowski mentioned that this transformation is based on specific product feedback from institutional clients, but did not disclose the number of layoffs. According to CoinGecko data, the market capitalization of the zkSync token is approximately $115 million, having risen 4.3% in the past 24 hours. This transformation reflects a broader trend in the Layer 2 market, as ZK and L2 projects like Hyli and Botanix have shut down, and general-purpose horizontal platforms are facing pressure to find defenses in vertical fields. As of the time of publication, Matter Labs has not made any statements regarding the future of the zkSync network and ZK tokens.

According to CoinDesk, Fidelity Investments has officially launched the "Fidelity Reserves Digital Fund," which aims to provide reserve asset management services for stablecoin issuers and institutional investors, further tapping into the capital management needs brought about by the rapid expansion of stablecoins. The fund will primarily invest in highly liquid assets such as short-term U.S. Treasury securities, cash, and repurchase agreements to meet the regulatory requirements for reserve assets of payment stablecoins under the U.S. GENIUS Act.At the same time, State Street has also recently launched a similar product, marking that large asset management institutions on Wall Street are accelerating their entry into the stablecoin reserve management market, competing around the cash and Treasury asset backing stablecoins.

Limitless co-founder and CEO CJ Hetherington stated that he does not believe the prediction market will see a situation dominated by a single platform; rather, it is more likely to present a multi-platform coexistence pattern similar to the offshore perpetual contract market.He pointed out that professional market makers and high-frequency traders are the main contributors to transactions and fees in the derivatives market, as they typically trade on multiple platforms simultaneously for arbitrage, which disperses liquidity across various platforms instead of concentrating it on a single winner.Hetherington revealed that Limitless currently has a monthly trading volume close to $2 billion, with users primarily from the Asia-Pacific (about 60%) and Europe (about 30%), and it has not yet entered the U.S. market (still awaiting regulatory approval). He believes that the institutional and risk transfer opportunities in the prediction market are about 10 times that of the original, and the scale will far exceed that of the retail side.

According to Barron's, the prediction market platform Kalshi announced a partnership with compliance service provider StarCompliance to provide financial institutions with real-time monitoring of employee prediction market trading. Under the partnership arrangement, institutions using the StarCompliance system can require employees to link their Kalshi accounts to monitor trading behavior and identify suspicious activities.This move aims to address financial institutions' compliance concerns regarding employees potentially using material non-public information to participate in prediction market trading, while also enhancing Kalshi's credibility among institutional clients such as banks and hedge funds. Reports indicate that the two parties may also expand to stricter compliance measures such as pre-trade approval in the future.

Bitget integrates Fireblocks Off Exchange, allowing institutional users to trade through on-chain MPC shared wallets without transferring assets, while retaining full control over their assets and fully accessing Bitget's liquidity and execution environment.Bitget CEO Gracy Chen stated that for institutions, the way funds are deployed is equally important. This integration further enhances Bitget's institutional service capabilities under the UEX framework, bringing together trade execution, fund management, and risk control into a unified operational environment.Richard Astle, Vice President of the Fireblocks Network, pointed out that the separation of custody and execution is becoming the benchmark expectation for institutions participating in the digital asset market. This collaboration effectively reduces institutional clients' risk exposure by enhancing transparency, providing a more flexible and secure participation model for institutional-level funds.

Gate CrossEx, launched by Gate in 2025, is attempting to address the long-standing issue of institutional capital fragmentation in an "exchange-native" manner. This product achieves instant collateral scheduling and cross-platform profit and loss hedging between multiple exchanges through a unified margin pool and internal credit settlement mechanism, reducing the capital occupation and clearing risks caused by on-chain transfer delays.The core significance of Gate CrossEx is not limited to a single functional innovation, but rather it further aligns with the traditional financial Prime Brokerage model at the level of cryptocurrency trading infrastructure. Currently, CrossEx has covered multiple mainstream trading platforms and supports over 5,000 assets as collateral or trading targets. Since the launch of its Beta version, both its asset scale and trading volume index have shown rapid growth. In the context of industry competition shifting from "traffic-driven" to "capital efficiency and institutional capability-driven," Gate is continuously strengthening its layout in the institutional-level trading infrastructure field through CrossEx, further consolidating its competitive advantage in the global cryptocurrency market.

The global real-world asset (RWA) tokenization market has exceeded $43 billion, growing approximately 37% over the past 180 days, indicating that institutional funds are continuously accelerating their migration to blockchain infrastructure.The report points out that this growth has occurred against the backdrop of a relatively weak overall cryptocurrency market, with the expansion of on-chain financial assets primarily driven by traditional financial products being tokenized, covering various asset classes such as funds, private credit, commodities, and stocks. In the current market structure, tokenized funds dominate, accounting for about 80% of the total market capitalization; commodity assets account for 16.6%, and tokenized stocks account for approximately 3.8%.In terms of chain distribution, Ethereum remains the core hosting network, accounting for 57.8%, while networks such as BNB Chain, zkSync Era, XRP Ledger, and Stellar are gradually expanding their shares. In terms of issuers, Sky ranks first with a scale of approximately $6.1 billion, followed closely by Securitize and Ondo Finance, each with about $3.6 billion.At the institutional level, investment banks such as Standard Chartered and Citigroup have recently released reports optimistic about the long-term growth path of tokenized assets. Citigroup predicts that this market will reach $5.5 trillion by 2030 under a baseline scenario, and could reach $8.2 trillion in an optimistic scenario, believing that regulatory clarity and the participation of infrastructures like DTCC and Nasdaq will become key driving factors.Analysts believe that RWA tokenization is gradually evolving from an early structure primarily focused on government bonds to a diversified income asset system.

According to the latest weekly report from Gate Ventures, the global market experienced a corrective rebound last week driven by easing geopolitical tensions. The U.S. stock market recovered from its intra-week losses, but the Federal Reserve maintained a hawkish stance, with CPI rising to 4.2%, further strengthening market expectations for sustained high interest rates. The cryptocurrency market also warmed up, with BTC and ETH rising 3.8% and 2.1% respectively, but spot ETF funds continued to see net outflows.On the industry front, AI, prediction markets, and institutional-level infrastructure became the focus of market attention. The decentralized AI project Bittensor (TAO) rose 31.5% in a single week; the U.S. Commodity Futures Trading Commission (CFTC) proposed a regulatory framework for sports event contracts, providing clearer regulatory expectations for the development of the prediction market industry; LG Group and Arbitrum jointly explored blockchain advertising network applications, further expanding Web3 commercialization scenarios.In terms of investment and financing, a total of 9 transactions were disclosed last week with a total financing amount of $584.6 million. Among them, Digital Asset completed $355 million in financing, accelerating the application of Canton Network in the capital market; Morpho secured $175 million in financing to promote the construction of on-chain credit networks; and prediction market infrastructure provider EDGE Markets completed $29.2 million in financing.

The Digital Renminbi International Operation Center officially signed service agreements with the first batch of 26 financial institutions in Shanghai, marking the official launch of the brand operation of the upgraded "Digital Currency Cross-Border Settlement Comprehensive Service Platform" (CBETS).It is reported that with the overall upgrade of the infrastructure architecture, the original three platforms for cross-border digital payment, blockchain services, and digital assets have been officially integrated into CBETS. This platform has outstanding advantages such as low access costs, high settlement efficiency, and strong compatibility: it technically supports both centralized and blockchain systems, and the message standards are compatible with ISO20022; the business scenarios not only support cross-border retail scenarios such as barcode payment and tap-to-pay but also comprehensively cover remittances, trade, and investment and financing settlement, as well as wholesale and financial innovation businesses.The first batch of 26 financial institutions includes overseas branches and subsidiaries of banks such as ICBC, ABC, BOC, CCB, Bank of Communications, Pudong Development Bank, and Guangfa Bank, as well as Standard Chartered China and Xinyin International. After the business goes live, its services will cover multiple countries and regions including Hong Kong, Macau, Singapore, Laos, Thailand, the UAE, Qatar, and Brazil, further leveraging digital technology to facilitate cross-border trade and investment financing.