- Web3 on Fire
- Posts
- šŖ RWA is PUMPING ā why are the new platforms so successful?
šŖ RWA is PUMPING ā why are the new platforms so successful?
+ SUMMER FLIP: The marketās moving again?

GM āļø
Most people wait for clarity before they act - but that only works when something is willing to spell itself out for you š
This week isnāt one of those. Itās the kind where things move quietly, just enough to matter if youāre paying close attention - but too subtly to chase if youāre not š¤
Hereās what weāve been watching:
šŖ RWA is PUMPING ā why are the new platforms so successful?
š SUMMER FLIP: The marketās moving again
𩸠The billionaire who bit back ā and why you might have to
š°ļø Celsius comes for Tetherās 39,500 BTC ā it's getting expensive
The W3oF Degen Portfolio matched the tone - holding in place like it knows somethingās coming š§

Modest increase, no HUGE moves this week, but no mistakes either.

RWA is PUMPING - why are the new platforms so successful?
The RWA play used to be something youād pitch at a panel because your protocol didnāt have a token or any users yet. Fast forward to now, and itās one of the only subsectors actually doing numbers šŖ
We're not talking about hypothetical yield in a pie chart deck or some BS real world pilot with a one year cliff or whatever - this time, it's real inflows, visible demand, and onchain assets that people actually want.
In staking and tokenized stock race; xStocks, Jupiter & more charge ahead. Did Robinhood start a trend?
A few thoughts:
⢠Raydium, ByBit/Backed & Centrifuge launch S&P 500 tokenized stocks.
⢠Robinhood skyrockets with staking & L2 chain.Definitely a shift in strategy and
ā DeepFi (@DeepFiNews)
11:57 AM ⢠Jul 3, 2025
From meme casinos to real yield
This week, Ondo Finance became the biggest tokenized Treasury player on Ethereum. Over $480 million now sits in its short-term Treasury product, and the bulk of that came in this month. Not stables, actual U.S. Treasuries, tokenized and distributed via their OUSG token šµ
OUSG itself is essentially a wrapped share in BlackRockās ultra-short bond ETF, pushed onchain via a structure involving Securitize and a handful of regulatory concessions. You need to be KYCād and verified to mint/redeem, but it trades freely on DEXes ā and thatās what matters š¤
Meanwhile, Backed Finance, the Swiss-based shop that quietly tokenized everything from Google stock to Euro bonds, just crossed $100 million in TVL across its product suite. Their bIB01 and bIBTA tokens - synthetic versions of short term U.S. debt - have been pumping in volume as funds seek safe yield that doesn't require an IBKR login.
Theyāre also one of the few protocols offering tokenized European government bonds, which gives them a leg up with non US allocators whoāve had enough of FX risk.

You want exposure to NVDA, but you canāt get it? You can now trade a synthetic wrapped token backed by a real share, sitting in a licensed custodian somewhere in Europe. Because, to be fair, like most of the world still canāt, even if they wanted to, due to laws or banks or other issues š¤
But hereās the ultimate the workaround. And itās working āļø
So⦠why now?
Itās not like the idea is new. Tokenizing RWA was a VC pitch since 2018, and most of them flopped. But this time, weāre seeing traction. A few reasons why:
Rates matter again. In a world where T-bills yield 5% and your DeFi pool yields 2 to 3% on best day when itās not getting rugged altogether, the calculus has changed. Everyone from DAOs to family offices is chasing base yield - and these platforms give them compliant access with low friction š¤
Stablecoin fatigue. Holding stables never felt too safe to regular users, despite the fact that it actually was. Circle froze someoneās USDC assets, Maker dumped their reserves, Tether printed another $100B. You know the usual FUD š Tokenized Treasuries, on the other hand, would feel like an upgrade even to the most suspicious conspiracy theorists. Because you know where the yield is coming from šŖ
Post rug trauma. Investors are usually looking for things that exist. RWAs have the added bonus of, you know, not being made up.
Infrastructure matured. Tools like Fireblocks and Coinbase Prime made it possible for real asset managers to actually touch this stuff. Five years ago, your treasurer wouldāve been fired for even googling āDeFiā š¤·āāļø
āthere is no value to putting RWAs onchain, on Ethereum. i can buy stocks from my brokerage app!ā
folks, itās all about being able to use these assets as transparent collateral both in isolation, and together with many other assets also onchain
with inviolable liquidation rules
ā DCinvestor (@iamDCinvestor)
1:28 PM ⢠Jul 2, 2025
The data says it all
Letās look at the numbers:
Ondoās OUSG TVL rose from under $200M to nearly $500M in a matter of weeks.
Backedās AUM climbed past $110M, with bIB01 and bIBTA leading the pump.
xstocks volumes, though still niche, have spiked 4x or 500% since March, according to internal data pulled from their platform dashboards.
Coinbase and BlackRock are both indirectly involved in the Ondo and Backed pipes ā this isnāt a retail meme. These are TradFi firms using onchain rails for actual capital markets access.
ā”ļø @OndoFinance $ONDO partners with @PanteraCapital on a $250M RWA tokenization initiative
Dubbed Ondo Catalyst, the program will fund both equity stakes and project tokens. Pantera will conduct independent evaluations and invest in selected projects, while Catalyst will support
ā CryptoDep (@Crypto_Dep)
9:05 AM ⢠Jul 4, 2025
And yet, no oneās really talking about it
The irony seems to be that the only people who seem to care are DAOs trying to diversify treasury exposure and a few crypto native wealth managers. The Twitter crowd is still watching Elon tweet about dogs with hats while the largest onchain bond ETF just doubled in AUM š
There are no memes and no Discord cults either. Which leads to the real question: what happens when this becomes retail facing?
Because you can be sure itās coming. Big exchanges are already sniffing around RWA wrappers. A16z just dropped another blog post about tokenized everything. And next generation smart wallets could bring these instruments directly to āthe click of a buttonā crowd š

You think RWAs are pumping now? Wait till they get a ticker in that top spot next to your favorite pepe inu or whateveršØ
Itās a strange twist really - crypto, born to escape TradFi, is now making it more accessible. The same ecosystem that memed away valuation and shrugged off earnings reports is now obsessed with risk free yield and bond durations š„ø
But maybe thatās the point. RWAs onchain arenāt a betrayal of crypto. Theyāre an upgrade for old finance.
And this time, theyāre finally sticking š

SUMMER FLIP: The marketās moving again
After weeks of lethargy and retail despair, the crypto market finally stretched its legs. Altcoins blinked green across the board. Meme coins barked back to life. Even DeFi posted a modest resurrection š°ļø
The pump before the siesta
Cardano led the bounce with an 8% daily jump, Ethereum followed at 6.5%, and even Litecoin - yes, still alive - rallied 9% š¤Ø
SOL, XRP, and BONK all made appearances on the leaderboard, while Uniswap printed a clean 9% bounce. Market wide heatmaps glowed like Christmas in July š
This wasnāt just a coincidence. On July 2nd, the market absorbed a sharp spike in ETF inflows - $407.7M in a single day, up from $342M the day before.
Bitcoin ETF total net inflow: $407.77M!
$FBTC (Fidelity): $183.96M
$ARKB (Ark Invest): $83.00M
$BITB (Bitwise): $64.94M
$GBTC (Grayscale): $34.56M
$BTC Mini (Grayscale): $16.53M
$BTCO (Invesco): $9.85M
$EZBC (Franklin): $9.51M
$HODL (VanEck): $5.42M
Others: $0.00M (BlackRock,ā Solix Trading (@Solix_Trade)
4:01 AM ⢠Jul 3, 2025
BTC dragged itself above $110K, but this wasnāt a BTC only party. ETH and friends moved in tandem, powered by renewed interest across the entire derivatives sector šļø
Fourth largest daily inflow of the year for ETH ETFs today: $148.5M.
ā Jrag.eth (@Jrag0x)
5:39 AM ⢠Jul 4, 2025
ETFs added fuel. But it was speculative interest that lit the match.
Market thoughts
1. Trumpās got the market under control.
Risk around him is shrinking.
He brought back oil stability + market strength ā like it or not, that matters.Macro? Probably taking a breather now and we are higher than pre Iran fud.
Next catalyst = rate cuts.2,
ā Joshua | MOZAIK š°š· (@JoshuaDeuk)
4:27 PM ⢠Jul 2, 2025
According to CryptoQuant, speculative interest exploded 10% over 24 hours. That's leveraged longs, degens on max pain, and whales quietly arming themselves š
Derivatives drivent pump āØļø
In just 24 hours, open interest (OI) increased by more than 10%.
It rose from $33.3B to $37.6B, meaning over $4B in trading volume was added in a single day.
This type of pump typically brings increased short-term volatility.
Quite often, itāsā Darkfost (@Darkfost_Coc)
9:47 PM ⢠Jul 2, 2025
Santiment warned that this kind of FOMO surge doesnāt last, and apparently, weāve heard this song before - just before a sharp reversal š¤
š„³ Bitcoin has jumped to $109.8K today with FOMO setting in across X, Reddit, Telegram, 4Chan, BitcoinTalk, & Farcaster. Prices move opposite to retail traders' behavior, so don't be surprised by a brief rally halt while greed is high.
š Link to chart: app.santiment.net/s/-M7ajKLy?utmā¦
ā Santiment (@santimentfeed)
7:54 PM ⢠Jul 2, 2025
Meanwhile, Swissblock analysts noted that demand was still āmissingā from the spot market. According to them, thereās no organic push - just a derivative driven cope train with questionable brakes š
BTC breakout... but where's the spot demand?
ā Spot Volume shows no demand (1).
ā Even as price breaks out, net spot buying is negative.
ā Without real demand, breakouts run on fumes.Caution: we need buyers to sustain the price breakout.
ā Swissblock (@swissblock__)
5:00 AM ⢠Jul 3, 2025
So why now?
The macro calendar is ghost town quiet. No major Fed decisions. No geopolitical panic (for now). But that also creates the perfect vacuum for over leveraged moves and thin liquidity pumps š
Traders saw an open lane and took it.
According to analysts, the setup now looks like a fakeout waiting to happen. Spot demand is weak. The move was fast and sloppy. And with nothing major on the macro radar, the market may fall back into its low volume, low energy pattern within days - unless another wave of ETF inflows keeps the crowd interested š¶
But still, thereās something worth watching: altcoin breadth.
For the first time in weeks, the rally wasnāt confined to a single narrative. It touched everything - from majors to memes to ancient corpses like LTC. That doesnāt mean the bottomās in, but it does suggest traders are starting to rotate again. If that rotation continues, summer could surprise š

Even if the bulls are half asleep.

The billionaire who bit back ā and why you might have to
Other communities used to laugh at crypto bros for being keyboard cowboys. But that line got crossed a while ago - somewhere between the first kidnapped NFT holder and the first severed finger in a Ziploc bag š¤
What weāre watching now is the final form of wealth transfer paranoia: you canāt rob a bank anymore, so you rob a guy with a seed phrase.
Australian billionaire crypto investor Tim Heath is the latest high net target. Or rather, the latest one to bite back. Literally šŗ
He bit off part of his kidnapperās finger mid attack after being ambushed outside his apartment in Estonia by men posing as painters. The kind of story you'd think only happens in narco shows is now justā¦crypto Tuesday š¤Æ
An Aussie crypto billionaire was attacked in Estonia and not only did Tim escape but he took one of the attackerās fingers with him.
āRun, Hide, Fightā is a great framework for physical attacks but you can also take steps to prevent themā¦
š§µ
ā Beau (@beausecurity)
10:04 AM ⢠Jul 3, 2025
The attack wasnāt random.
The would be kidnappers used GPS trackers, burner phones, and a fake Azerbaijani passport. There was even a decoy sauna location. This wasnāt some desperate crackhead move. This was organized, coordinated, and clearly learned behavior š„·
A ā$5 wrench attackā as everyone loves to call it - a callback to a XKCD comic, where no matter how secure your code is, it still could be āunlockedā with a $5 wrench and a few threats to the kneecaps š§
You bought the cold wallet.
You hid the seed phrase.
You did everything right.And yet⦠youāre still one wrench away from losing it all.
Letās talk about the most underrated threat in crypto:
š§ The Wrench Attack š§µšā Aerosol (@aerosol_ai)
3:06 PM ⢠Jun 18, 2025
Heathās courtroom testimony confirmed what many in the space have whispered for years: the wealth isnāt safe behind cold wallets if the body holding the keys isnāt.
He now claims over ā¬3.2 million in damages - including investing ā¬2.7 million in personal security š¶
This isnāt a one off. Another famous case was when Ledger cofounder David Balland was kidnapped in January alongside his wife.
The kidnappers cut off his finger and sent it as proof š² A separate case in NYC saw another man tortured for access to his Bitcoin. Europeās cybercrime units are now treating crypto targeted physical assaults as an emerging threat category.
This crypto executive had his finger chopped off on camera.
The kidnappers sent the video to his business partners.
That's not an isolated case.
The rise of brutal āwrench attacksā on crypto founders (and why you should be cautious): š§µ
ā BeByDay (@BeAlterEgos)
3:00 PM ⢠Jun 2, 2025
(Still want your ENS to show your real name?)
At the end of the day, privacy isn't just a feature - it's a habit. And in this environment, it might be the only thing standing between you and a wrench š§
Some in the space flash wallets like trophies, post screenshots like targets, then wonder why someoneās waiting outside their door with a hammer and a duffel bag šØ
Maybe it's time to stop broadcasting every gain and start treating security like part of the strategy.

Celsius comes for Tetherās 39,500 BTC ā it's getting expensive
A ghost from the crypto lending bubble just knocked on Tetherās door. And it brought paperwork.
Celsius, the bankrupt lender still scraping together funds to fill the hole in its books, is suing Tether for ~$4 billion š°ļø š°ļø
Why? Because Tether dumped 39,500 BTC it held as Celsius collateral right before things collapsed - allegedly with knowledge that Celsius was circling the drain. Celsius wants it back. Or at least, the gains š«
That sale, by the way, turned out nicely for Tether.
It recovered $1.6 billion by selling that Bitcoin just before the bottom fell out. Celsiusās claim is that this wasnāt just good timing - it was a breach of contract š
They say Tether cashed out while pretending to still be a creditor and partner, and that the sale was done without proper warning or permission.
Tether loses bid to dismiss Celsius suit seeking to reclaim what is now over $4B of BTC that Tether took from Celsius as it fell into bankruptcy
Being offshore doesnāt allow you to evade US courts - especially when virtually all Tetherās assets are sitting in the US
#Tether
ā Novacula Occami (@OccamiCrypto)
10:04 PM ⢠Jul 1, 2025
The judge agrees, too. The U.S. Bankruptcy Court for the Southern District of New York is letting Celsius proceed with the lawsuit, saying the complaint holds water - at least enough for trial šØāāļø
Celsius claims that Tetherās behavior contributed to the chaos - offloading Bitcoin into a fragile market while publicly playing nice š
And it's not just Tether in the line of fire. The court filing also names the British Virgin Islands subsidiary that executed the trades, pulling the curtain on how jurisdictional games might no longer be enough to dodge U.S. courtrooms.
Celsius is trying to claw back anything it can - mostly to fill a multi billion dollar hole left by the kind of yield chasing lunacy that defined 2021 2022 šø
But now itās clawing at Tether, the biggest and most controversial player in the stablecoin game, and a firm thatās gotten very good at staying just outside the blast radius.
The CEO of Tether believes the business is worth $2 Trillion.
$2,000,000,000,000
That number may sound crazy, but Tether is the most profitable company per employee in human history.
I sat down with CEO @paoloardoino to discuss regulation, emerging markets, the Circle IPO,
ā Anthony Pompliano šŖ (@APompliano)
11:19 PM ⢠Jun 19, 2025
This isnāt a standard post bankruptcy cleanup.
Itās a shot at the perimeter walls that Tether has kept around itself for years. Celsius is accusing it of playing both sides - posing as a lender while acting like a liquidator.
If the court agrees, it could open the door for more lawsuits against the quiet profit taking that went on during the crypto collapse, and at these prices (20k vs ~120k) it could get very expensive š¤

Other worthy reads
Traders are rallying behind BNB?
$BNB has regained momentum indicators on all time frames, 1D, 3D, 1W and 1M.
FWIW, I am long in both spot and perps. I think this sends on news of @cz_binance's pardon & other bullish announcements.ā CryptoCondom (@crypto_condom)
8:45 PM ⢠Jul 2, 2025
āA Crypto x AI Stack Snapshotā by Legion:
x.com/i/article/1938ā¦
ā LEGION āļø (@legiondotcc)
8:34 AM ⢠Jul 3, 2025
ETHCC Takeaways, by Andy:
ETHCC takeaways:
- stablecoins, stablecoins, stablecoins
- robinhood & arbitrum won the mindshare of the entire week
- polygon brand feels ābackā with Katana and just general feel
- ethereum DeFi is in its strongest form since inception
- nftsā¦well, havenāt heard a singleā Andy (@ayyyeandy)
3:22 PM ⢠Jul 2, 2025

MEMES







That's all for now, frens.
We'll meet in a week! And remember, the market conditions are temporary, but our commitment to building a better Web3 is here to stay. Thanks for joining us, and we look forward to seeing you back next week. Cheers!
Yours, The š„ Team
Brought to you by Ambire: The Only Web3 Wallet That Youāll Need!