Coindesk

The market for tokenized financial instruments, or real-world assets (RWAs), could reach $18.9 trillion by 2033 as the technology's growth is nearing a "tipping point," according to a joint report on Monday by Boston Consulting Group (BCG) by payments-focused digital asset infrastructure firm Ripple.That would mean an average 53% compound annual growth rate (CAGR), taking the middle ground between the report's conservative scenario of $12 trillion in tokenized assets in the next eight years and a more optimistic $23.4 trillion projection.Tokenization is the process of using blockchain rails to record ownership and move assets—securities, commodities, real estate. It's a red-hot sector in crypto, with several global traditional financial firms pursuing tokenization to achieve efficiency gains, faster and cheaper settlements and...

John-Paul Thorbjornsen, a former Australian Air Force pilot turned crypto entrepreneur, has spent recent weeks promoting his new crypto wallet, "Vultisig." Built on THORChain — a blockchain he founded to allow crypto swaps without intermediaries — the wallet's main selling point is that it's harder to hack than similar apps.Recently, Vultisig — along with the THORChain network itself — has seen a spike in activity, but security experts have traced the growth to a troubling source: North Korea's Lazarus hacking group.Following February's $1.4 billion hack of crypto exchange Bybit — the largest cyber heist in history — THORChain emerged as central to North Korea's laundering operations. Researchers have tracked nearly $1.2 billion — or 85%— of the stolen funds through...

BlackRock CEO Larry Fink said the market could see another 20% drop, but that the current drawdown is a buying opportunity in the long term as the current situation doesn’t pose systematic risk.“I see it more as a buying opportunity than a selling opportunity, but that doesn’t mean we can’t go down further,” Fink said during an appearance at the Economic Club of New York on Monday.He noted that inflationary pressure is higher than market participants expect and that many already believe the U.S. to be in a recession. As a result, he does not anticipate the Federal Reserve to cut interest rates this year.Last month, Fink published a letter to shareholders, warning about Bitcoin’s (BTC) threat to the U.S....

JPMorgan Chase CEO Jamie Dimon is warning investors about the potential of rising prices and further slowing of the U.S. economy as a result of U.S. President Donald Trump’s tariff policy.“The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in his annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”“Whatever you think of the legitimate reasons for the newly announced tariffs – and, of course, there are some – or the long-term effect, good or bad, there are likely to be important short-term effects,” he said, noting that price increases will not only affect...

It's been a wild ninety minutes in markets, with the Nasdaq swinging from about a 5% loss to a 5% gain and then returning to flat in very quick order on a story — later denied by the White House — that President Trump was considering a ninety-day delay in the implementation of his tariff regime for all countries except China."Fake news," said White House Press Secretary Caroline Leavitt in response to the delay rumor.The swing touched cryptos as well, with bitcoin (BTC) rising from the $74,400 to above $80,000 before retreating back to $79,000, still lower by 4.3% over the past 24 hours. Ether (ETH) remains lower by more than 11%, while XRP is down 9.3%.Amid the ongoing market...