On-chain Tokenization of Real-World Assets Surpasses $25 Billion, Nearly Quadrupling in One Year
On March 9, CoinDesk data shows that on-chain tokenization of real-world assets (RWA)—excluding stablecoins—has surpassed $25 billion, nearly quadrupling from roughly $6.4 billion a year ago.
Over the past year, several traditional asset management firms have ramped up tokenized product launches, with BlackRock, Fidelity Investments and WisdomTree all rolling out related tokenized fund offerings.
Currently, six asset classes have on-chain values exceeding $1 billion: U.S. Treasuries, commodities, private credit, institutional alternative funds, corporate bonds and non-U.S. government bonds. U.S. Treasury products have seen particularly strong growth, with the number of related tokenized offerings rising from 35 to more than 50.
Industry data, however, indicates the current RWA market growth stems primarily from institutional issuance—not secondary trading. A large share of on-chain transfer volume is concentrated at the $10 million level, meaning institutions typically allocat
15 minutes ago
On-chain WTI Crude Oil briefly dipped to $94, witnessing a two-whale "buy the dip" maneuver to accumulate million-dollar long positions.
March 9th
Per HyperInsight monitoring, WTI crude oil briefly dropped to $97 per barrel. On Hyperliquid, the corresponding mapping contract (CL) temporarily fell below $94 amid a liquidity squeeze, showing a needle-drop trend. Two whales took long positions during this period:
1. Whale starting with 0x202: With an extremely narrow liquidation price and 20x leverage, it entered precisely at the needle-drop level with an average price of $95.38, opening a long position equivalent to 39,500 barrels of oil (~$3.75 million). As prices rebounded to $100, it partially closed positions to take profits. Current position size: ~$3.65 million; liquidation price: $92.9; unrealized profit: $230,000 (ROI 57%).
2. "Shanzhai Air Force Head" Whale: Continued going long after prices fell below $100, and added to positions during the rebound. Short-term position size exceeded $7.7 million; average entry price: $100.3; liquidation price: $76.9; unrealized profit: $100,000 (5%).
15 minutes ago
Stablecoin Payment Company KAST Completes $80 Million Financing Round, Valued at $600 Million
March 9th – Stablecoin payment firm KAST has raised $80 million in its latest funding round, valuing the company at approximately $600 million, per Bloomberg. Insiders note that as demand for "digital dollar account" offerings grows, venture capital firms are ramping up investments in related startups.
KAST projects its Annual Recurring Revenue (ARR) will hit $100 million this year. The firm focuses on stablecoin-powered payment and account services, enabling users to settle transactions in U.S. dollars via blockchain networks.
Industry insiders highlight that amid the ongoing expansion of stablecoin use cases, companies offering stablecoin payment and digital dollar account services are emerging as key targets for venture capital.
Previously, BlockBeats reported that on December 12, 2024, KAST closed a $10 million seed round led by HongShan and Peak XV. Proceeds will fund the launch of savings products, expansion of remittance services, and buildout of stablecoin infrastructu
15 minutes ago
Meme Coin "Lobster" Market Cap Surges to $10 Million, Hits New All-Time High with 250% 24-hour Gain
On March 9th, GMGN monitoring data (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xeccbb861c0dda7efd964010085488b69317e4444) shows the BNB Chain (BSC)-listed meme token “Lobster” began rallying last night from a $2 million market cap and has extended gains through this morning.
Over the past 2 hours, its market cap briefly surged above $10 million to a new all-time high before retracing slightly. It currently trades at $8.2 million, with a 250% 24-hour gain and roughly $8.3 million in trading volume over the same period.
The token’s upward momentum is tied to an official Chinese-language tweet from Binance, combined with recent buzz around the “Openclaw (Lobster)” topic, which has fueled its market cap growth.
BlockBeats reminds users that meme coin trading is highly volatile, driven largely by market sentiment and concept hype—with no underlying value or practical use case. Investors should be aware of the risks.
15 minutes ago
WTI Crude Oil Sees Short-Term Plunge, With Brent Following Suit; WTI Falls Below $100 Mark
March 9: U.S. WTI and European Brent crude oil saw sharp short-term declines.
WTI crude briefly dropped to $97.6 per barrel, breaching the $100 threshold, and is now trading slightly higher at $99.4 per barrel, with its intraday loss narrowing to 8.5%.
Brent crude continues to fall, hitting $102.5 per barrel, with its intraday loss narrowing to 11%.
15 minutes ago
Brent Crude Trading Pair Breaks into Hyperliquid's Top Ten Trading Pairs, 24-hour Trading Volume Surpasses $140 Million
Flash Update: March 9th
HyperInsight monitoring data shows Hyperliquid’s BRENTOIL/USDC (Brent Crude Oil Futures Mapping Contract) has cracked the platform’s top 10 trading volume rankings.
Over the past 24 hours, the contract’s trading volume topped $140 million—marking a recent high—with open interest at $38 million. BRENTOIL is currently trading at $103.8, with up to 20x leverage available.
Monitoring also indicates whales holding contract positions exceeding $1 million are all in short positions. The largest short address (0xa55) holds a 3x leveraged short worth $4.85 million, with an average entry price of $97.7. It currently has an unrealized loss of $280,000, a loss ratio of ~11%.
15 minutes ago
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