JUST IN: $2.57 trillion asset manager Citigroup looks to add payment services & custody for crypto stablecoins. ...

Market Perception - Crypto market price action is not necessarily correlated with real-world utility or adoption [1] - Financialization has divorced crypto markets from real-world adoption [1] Potential Solutions - Stablecoins may bridge the gap between crypto markets and real-world business [1] - Stablecoins are expected to foster the flourishing of real businesses [1]

Web3 and Digital Assets - Web3 is emerging as the value layer of the internet, enabling ownership and direct movement of digital value, money, identity, and assets via blockchains [7][9][10] - The use cases for cryptographic assets, digital technologies, Web3, and blockchain are becoming clearer, especially in payments, money movement, remittances, and banking services, due to reduced friction and costs [4][6] - Stablecoins are seen as payment mechanisms that facilitate economic value transfer by on-ramping into local fiat, transferring value, and off-ramping back into local fiat, offering a more seamless process than traditional banking [21] - Blocks created a gold-backed stablecoin to act as a universal translator among various fiat currencies, addressing on-ramp and off-ramp problems in obscure markets [23][54][55] - The digital asset space is experiencing rapid growth, with use cases doubling or tripling in a short amount of time, similar to Moore's Law [13] Market Trends and Investment Strategies - The US market is considered bullish in the short, medium, and long term, similar to the outlook on digital assets [38] - The market has priced in geopolitical risks and anticipates resolutions, maintaining an overall upward trend [45] - AI is expected to continue its growth trajectory, with companies using AI tools to enhance their platforms and applications [61][62] - A balanced investment approach is recommended, including traditional industries like food, clothing, and energy, alongside AI and digital assets [62][63] - The market is anticipating potential interest rate cuts by the FOMC, which could further stimulate capital flow into equity markets and businesses [40][42] Regulatory and Economic Factors - A massive regulatory rollback across industries is seen as unleashing the dynamic capitalist power of the US economy [43] - The move by the administration into digital assets is expected to provide further impetus to the market [44] - Tax law changes, with lower rates for longer, are expected to positively impact the market until potential future repeal [43]

ETH just clocked a new high score!Daily transaction count has surpassed 2021’s peak, with stablecoins and ETH treasuries at the wheel. https://t.co/fXtGiMRIJo ...

Market Trends - Only 40% of 2017's top 10 cryptocurrencies remain in the top 10 today [1] - Stablecoins were not even in the top 10 in 2017 [1] - ETH has outperformed BTC over the same timeframe [1] Cryptocurrency Analysis - Cardano (ADA) is up 35% this week, prompting questions about the driving forces behind the bidding [1]

RT Jake Chervinsky (@jchervinsky)The banks demanded the exclusion for yield-bearing stablecoins in the GENIUS Act. Now they're upset that the language they asked for doesn't screw over stablecoin holders hard enough.Sorry you guys did a bad job negotiating your regulatory moat. Try lobbying better next time! ...

Ecosystem Growth - Sei ecosystem is gaining significant attention due to focused execution on making markets move faster [1] - Major launches from Circle, Backpack, Etherscan, deBridge, Chainlink data feeds have made the Sei UX frictionless [1] - Stablecoins have created a foundation for this growth [1] - RWAs & institutional traction signal a maturing ecosystem [1] Network Activity & Adoption - Sei is the 1 EVM chain by MAW, surpassing Base and BNB [2] - Over 1 million DAW and achieved an all-time high in daily transactions [2] - 100 thousand+ daily gaming transactions [2] - $1.53 billion DEX volume in July (ATH) [2] - $5.5 billion in daily stablecoin transaction volume, per artemis [2] - One of the fastest native USDC adoption curves in the industry [2] - $160 million+ Native USDC minted in first 2 weeks — surpassing multiple industry leaders [2] Institutional Interest & RWA - Ondo's USDY ($685 million in TVL) is set to bring tokenized US Treasuries to Sei [2] - Native RWA exposure via fastUSD, backed by BlackRock, Hamilton Lane, Apollo [2] - Canary Capital filed for a SEI ETF in the U S [2] - CoinShares ETP live in Europe [2]

Industry Perspective - Stablecoins are considered a pivotal moment, akin to ChatGPT, within the cryptocurrency space [1] - Stablecoins are experiencing widespread adoption across various sectors, including consumers, businesses, banks, and governments [1] Comparative Analysis - Unlike stablecoins, other crypto applications such as DEXs, lending, staking, NFTs, gaming, and social platforms have not achieved similar levels of widespread adoption [1]

RT Solana (@solana)Big congrats to the @Bullish team on their IPO today 🤘ICYMI: Bullish is migrating their core infrastructure to Solana-native stablecoins to power custody, payments, trading, and settlement https://t.co/ZATUdOw5wf ...

Tens of millions hold stablecoins.Only a few thousand hold RWAs.Still early days for asset tokenization. https://t.co/St4pP3ag07 ...