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RWA tokenization, once viewed as a promising sector in crypto, is underperforming expectations according to a JPMorgan report. With a market cap of $25 billion, the majority of investments come from crypto-native firms, while traditional finance institutions show waning interest. Despite initial hype, the sector's growth remains slow, raising concerns about its future.
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Ripple may withdraw its SEC appeal today. Could this finally bring the XRP legal saga to a close?What This Means for XRP and the MarketA New Chapter for Ripple?
- 14:50Data: Three newly created wallets received over $200 million worth of ETH from FalconX within nearly three hoursAccording to ChainCatcher, as monitored by Lookonchain, in the past 3 hours, three newly created wallets received 46,347 ETH (worth $204.4 millions) from FalconX.
- 14:34Tony Welch: Rising Initial Jobless Claims Indicate a Weakening Labor MarketAccording to ChainCatcher, citing Golden Ten Data, SignatureFD analyst Tony Welch stated that higher-than-expected initial jobless claims had a greater impact on the market than the anticipated August inflation. He pointed out that a CPI inflation rate close to 3% is drifting further from the Federal Reserve's 2% target, and the weak PPI indicates that producers may be absorbing tariff costs. Welch believes that the US labor market has not collapsed, which makes it more likely that the Federal Reserve will cut interest rates by 25 basis points next week, rather than the 50 basis points predicted by some analysts.
- 14:34The Dow Jones surpasses 46,000 points, reaching a new all-time high with an intraday gain of over 500 points.According to Golden Ten Data, as reported by ChainCatcher, the Dow Jones broke through the 46,000-point mark, setting a new all-time high. During the session, it rose by more than 500 points, with an increase of 1.12%.