Ten European financial institutions have jointly established RL1 to provide infrastructure for tokenized assets.

According to reports from authoritative outlets including Reuters, U.S. Treasury Secretary Scott Bessent will unveil details of new sanctions on Iran at 2 p.m. Eastern Time, equivalent to 2 a.m. Beijing time tomorrow. The crypto market has been rallying for several consecutive days ahead of these Iran sanctions, so if the details exceed market expectations, significant volatility is likely to hit both the stock market and crypto assets. Earlier, Bessent wrote in the Financial Times that the U.S. is entering a decisive phase, with an economic "D-Day" for Iran approaching at dawn—what he termed the largest financial offensive ever launched against an adversary. When elaborating on the related sanctions measures, Bessent specifically added that "no further 'large-scale' military operations are expected."

As Bitcoin prices surged, spot Bitcoin ETFs posted their strongest weekly net inflow in 10 months last week. Data indicates the 13 U.S.-listed funds attracted a net $1.92 billion, the highest such figure since October last year. The inflow came amid Bitcoin’s roughly 23% price jump last week, marking its largest weekly gain in over three years.

Stablecoin digital bank Fasset announced it has completed a $68 million funding round led by Japan’s SBI Group, bringing the company’s valuation to $1 billion. Combined with the $51 million financing it secured in May, Fasset has raised a total of $119 million so far this year. Co-founder and CEO Mohammad Raafi Hossain stated that the firm’s annualized transaction volume has surpassed $40 billion, spanning 125 countries. Over the past year, its revenue has grown approximately sixfold year-over-year, and it has maintained consecutive profitability for 12 months, though specific revenue and profit figures were not disclosed. (CoinDesk)

Strive CEO Matt Cole has published a lengthy bullish article on Bitcoin, citing the Bitcoin-to-gold ratio chart to note that BTC has broken through against both the U.S. dollar and gold. He argues this signals the end of the bear market and reinforces his view that the next cycle will be the strongest in Bitcoin’s history. Cole points to three converging forces creating an unprecedented favorable market environment for Bitcoin: long-term U.S. dollar weakness, rising demand for scarce assets amid the AI era, and the re-strengthening of the BTC/gold ratio.

According to HTX market data, today’s crypto secondary market gainers are led by high-quality DeFi tokens represented by SPK and MORPHO. Details are as follows: SPK rallied over 26% in a single day, with a weekly gain of 44.8%; MORPHO rose 20.84% daily, currently trading at $2.751; AAVE gained 16.76% in 24 hours, now at $144.07; PENDLE climbed 14.34% daily, priced at $1.847; ENA surged 13.64% in a day, currently at $0.1685, with a weekly jump of 96%; additionally, ETHFI, LDO, and MET all rose more than 10%.

Robinhood co-founder Vlad Tenev praised the work of builders on Robinhood’s blockchain during a recent appearance on the popular podcast *The Iced Coffee Hour*. Tenev noted that on-chain developers have built unique liquidity pools and protocols the company did not initially anticipate, combining meme coins, core crypto assets, and stock tokens. Meme coins act as an “entry point” or “reward mechanism” to connect users to actual stock tokens. Looking ahead, Tenev outlined a vision to raise the share of U.S. households holding stocks from roughly 50% before Robinhood’s launch to around 65%, with a long-term goal of pushing that figure above 95%. He emphasized tokenization as a critical tool, stating it will make U.S. blue-chip stocks and other real-world assets more accessible for global distribution. Separately, Binance’s CZ (Changpeng Zhao) also commented on crypto-stock memes on X yesterday, writing: “This is certainly fresh and interesting. But we need to ensure issuers can actually fulfill their obligations.”