SOL continued its climb this week as altcoins broadly outperformed the market, while meme token HYPE surged to an all-time high near $55 amid discussion of native stablecoin proposals. Traders cited growing expectations of looser monetary policy as one driver supporting risk assets across crypto.
Institutional moves and product launches also dominated headlines. NASDAQ reportedly filed with the SEC to explore tokenisation of stocks, signaling renewed interest in bringing traditional securities onto blockchains. A major strategy firm disclosed a $217 million bitcoin purchase, and CoinShares announced plans to shift a listing to a U.S. exchange — developments that underscore rising institutional adoption.
On the product side, multiple new stablecoin initiatives emerged: MegaETH unveiled a USD-pegged stablecoin in partnership with Ethena, and a Justin Sun–backed dollar token launched on Ethereum. Corporate treasury activity echoed this trend: Eightco raised $250 million for its treasury, sending WLD up roughly 40%, and Ant Digital put some $8.4 billion of energy assets onto a blockchain for tokenised asset management.
Security and policy risks persisted. Ledger’s CTO warned about a supply-chain attack vector, and SwissBorg disclosed a roughly $40 million exploit. Geopolitical tensions surfaced as Russia accused the U.S. of weaponising stablecoins, and U.S. lawmakers asked for a report on details of the bitcoin reserve held by a public entity. Meanwhile, the SEC’s crypto task force explored intersections between crypto and AI.
Why this matters: the market is balancing fresh institutional product adoption and tokenisation with persistent security and regulatory risks. Investors should weigh potential upside from new custody, tokenised assets and stablecoins against operational and policy threats that can move markets quickly.
Source: Decrypt. Read the original coverage for full details.