ProBit Bits — ProBit Global’s Weekly Blockchain Bits Vol. 117

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 Major Institutions Jump Into $10 Billion Tokenized RWA Market

The global real assets (RWA) market has now surpassed $10 billion, driven by increasing institutional interest and the consolidation of traditional finance (TradFi) and decentralized finance (DeFi). This year alone, more than $2 billion in new money will emerge, driven by demand from private lenders and US Treasury bonds. Major players like BlackRock, Franklin Templeton, and Ondo Finance are leading the expansion, but issues such as the legality of tokens and the security of smart contracts still need to be addressed for both financial markets to be widely used.

 SEC Threatens Legal Action Against OpenSea

The U.S. Securities and Exchange Commission (SEC) has issued a notice of potential litigation against NFT trading platform OpenSea, stating that NFTs on the platform could be classified as securities. OpenSea executives expressed surprise at the SEC’s decision, warning that it could harm developers and artists. Still, the company is prepared to challenge the decision. The move highlights a rift between the U.S. Securities and Exchange Commission and the cryptocurrency industry over how digital assets are distributed and regulated. As the NFT market recovers from its recent decline, there has been increasing demand from crypto companies for regulatory clarity.

 Crypto Firms in New Zealand Must Now Report User Transactions Under OECD Guidelines

The New Zealand government plans to implement the Crypto Asset Reporting Framework (CARF), developed by the OECD to prevent tax evasion worldwide, in April 2026. Under the new regulations, New Zealand crypto financial service providers must collect user transaction data from April 1, 2026, and report it to the National Treasury by June 30, 2027. Profits from cryptocurrency trading are taxed accordingly.

 El Salvador's Bitcoin Stash Reaches $340 Million Milestone

El Salvador was the first country to adopt Bitcoin as legal tender and currently holds more than $340 million in cryptocurrencies with a total capital of 5,856 Bitcoins. The country has continued to buy Bitcoin despite economic instability and international concerns, particularly from the International Monetary Fund, which has called for greater transparency and stability. Supported by President Nayib Bukele, Bitcoin aims to boost the economy. Yet adoption in El Salvador remains limited and has little impact on returns to the country. Overall, the IMF’s ongoing analysis highlights concerns about financial stability as countries push for aggressive Bitcoin integration.

 BlackRock Debuts Ethereum ETF on Brazilian Stock Exchange

BlackRock has further expanded its presence in the Brazilian crypto ETF market by launching the Ethereum ETF ETHA39 on the Brazilian exchange B3. Offered as Brazilian Depository Receipts (BDRs), the ETF provides Brazilian investors with easier access to Ethereum and lower management costs over time. The move reflects Brazil’s leadership in adopting digital asset ETFs as it continues to improve access to cryptocurrencies like Ethereum and Bitcoin through the financial markets that have always been there.

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