Tokenized products already exist, though mainly for investing. The most popular category is tokenized money market funds, primarily backed by U.S. Treasuries. The largest, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), debuted in March 2024.
This category now has more than $15 billion of assets under management (AUM), with the broader onchain real-world asset market (excluding stablecoins) surpassing $31 billion in value. Casting a wider net to include assets such as alternative investments and tokenized financial infrastructures, the global asset tokenization market is valued at roughly $2.1 trillion.
According to forecasts by Grand View Research, the sector is projected to hit $24.5 trillion by 2033, with some industry estimates suggesting tokenized markets could reach as much as $88 trillion by 2035.
The key advantage they offer is instant execution around the clock and fractional ownership, which allows traders to buy small portions at any time, with all stages of the transaction — including purchase, sale and final processing — completed immediately.
Faster, cheaper
That’s not the focal point for institutional investors, who are more interested in the properties of the tokenized assets than their ease of trading.
“Generally speaking, they are not asking for tokens,” Lai said. “They are asking for what tokens can do more compared to the existing wrappers they already have.”
A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company aimed at building confidentiality infrastructure for financial institutions using Ethereum.
The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use cases while engaging with central banks, regulators, global banks and asset managers.
The spinout comes amid one of the biggest organizational shakeups in the Ethereum Foundation in years. Following months of criticism over leadership, strategy and the foundation’s role in supporting Ethereum’s increasingly institutional user base, several teams have recently been spun out into independent organizations.
Among them are EthLabs, a nonprofit focused on advancing Ethereum protocol research and scaling, and Ethereum Institutional, a separate nonprofit designed to coordinate institutional adoption and engagement with large financial firms. Together, the organizations represent an effort to distribute responsibilities previously housed within the foundation across more specialized entities.
EthSystems said it plans to commercialize work it began inside the foundation, including confidential stablecoin transfers, private bond issuance, cross-chain settlement systems and open-source protocol specifications.
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions.
The CFTC move amplifies its legal fight with state governments and courts over what its chairman argues is its unbreakable and exclusive regulatory authority over trading at Kalshi, which it regulates as a designated contract market (DCM).
“The commission will not allow states or state courts to bully registered entities into violating the Commodity Exchange Act and CFTC regulations,” said CFTC Chairman Mike Selig in a statement alongside his agency’s order. Selig has embraced prediction markets and promised to institute friendly regulations, and he’s also vigorously defended his agency’s authority to regulate them in a way that negates state powers.
The CFTC has sued a number of states that have sought to halt or penalize event contract businesses as illegal gambling. The agency noted Tuesday that Michigan is the first state to attempt to interfere in transaction activity directly.
The United States and the United Kingdom have laid out a plan to make it easier for tokenized financial products to move between their markets, signaling that both governments want blockchain-based finance to become a bigger part of mainstream capital markets.
Released Tuesday by the U.S. Department of the Treasury and HM Treasury, the recommendations from the Transatlantic Taskforce for Markets of the Future focus on reducing regulatory friction that could slow the growth of tokenized securities, stablecoins and other digital assets operating across both countries.
The report sets out 10 recommendations covering digital assets and traditional capital markets.
On the digital asset side, governments propose creating an industry-led working group to test cross-border tokenization projects, coordinate the regulation of tokenized securities, and support the development of cross-border stablecoins. They also want to review global banking standards for cryptoassets and build policy frameworks that allow stablecoins, tokenized bank deposits and other forms of digital money to coexist.
The two governments also issued a joint statement backing cross-border stablecoin activity, stating that the private sector will play a central role in developing digital money and payment systems.
Releasing at Comic-Con San Diego 2026, the highly anticipated comic book trilogy tells the official origin of Pax Pengu and Polly, revealing how the beloved pair’s journey began while laying the narrative foundation for the future of the Pudgy Penguins entertainment universe.
For the first time, the creative team behind the series reveals how they spent nearly a year building the story of the Pudgy Penguins universe: from developing its mythology and expanding its world-building dynamics to creating the narrative foundation for future adventures and entertainment.
With “Adventures of Pax Pengu & Polly”, Pudgy Penguins opens the first chapter of a much bigger story. Debuting at San Diego Comic-Con 2026, the company’s first-ever comic book trilogy reveals the official origin story of Pax Pengu, Polly, and The Berg, establishing the electric mythology that will shape the future of the Pudgy Penguins universe.
For half a decade, millions of fans have followed Pax Pengu and Polly across social media (@pudgypenguins), explored their adventures in the online game Pudgy World, collected them as plush companions (pudgypenguins.com), and embraced them as the emotional soul of the Pudgy Penguins universe. Yet despite their global popularity, one story has never been told: where they came from, how they first met, and the extraordinary journey that led them to The Berg.
A scene from Adventures of Pax Pengu & Polly capturing the moment Pax Pengu and Polly meet for the very first time. Image Credit: Pudgy Penguins
“What started as a comic book quickly became something much bigger for us. Every great entertainment franchise begins with characters people genuinely care about. This story finally gives fans the chance to discover who Paxton Pengu and Polly really are, how they found each other, and the world that shaped them. More importantly, it creates the foundation we can continue building on for decades to come,” said Peter Lobanov, Co-Founder and Chief Creative Officer of Pudgy Penguins.
The trilogy follows Pax’s search for answers after receiving a mysterious letter about his missing family, leading him to Polly and The Berg. Across three volumes, the pair uncover dangerous secrets, confront a growing conflict between penguins and bears, and ultimately fight to protect the community they come to call home.
More From AlexaBlockchain
That story became Adventures of Pax Pengu & Polly. But before a single page was illustrated, Pudgy Penguins’ writer Vivian Lin and illustrator Afiq Salam spent nearly a year developing the franchise’s first official long-form narrative. Drawing from years of established characters, locations, and community lore, they carefully wove the existing universe into a cohesive mythology while introducing new plotlines, relationships, and world-building dynamics designed to support deeper storytelling. Rather than reinventing the world fans already loved, they connected its familiar pieces into an official canon that finally reveals the missing chapters of Pengu and Polly’s journey while laying the foundation for the future of the Pudgy Penguins universe.
Development art from “Adventures of Pax Pengu & Polly” comic book. Image 1. Image Credit: Pudgy Penguins
For author Vivian Lin, the challenge wasn’t simply writing an origin story. It was creating a world that could support every story still to come.
“We weren’t writing a comic for one moment. We were creating the history that every future story could build from. Every location, every relationship, and every new character had to feel like it had always existed while leaving room for the universe to continue growing,” said Vivian Lin, writer of Adventures of Pax Pengu & Polly.
Only after the collaboration on the storyline was complete did the artwork begin. Every page is illustrated by hand, with no AI-generated artwork. Artist Afiq Salam brings the story to life using his self-taught manga-inspired drawing style chosen for its cinematic pacing and emotional storytelling. The result places readers right alongside Pengu and Polly as they journey across Antarctica, discover The Berg, and uncover the mystery that changes their lives forever. For Salam, painting that journey became deeply personal. As he illustrated Pengu’s search for answers about his missing family, he found himself drawing from his own experiences with familial loss, transforming one of the trilogy’s most emotional moments into something deeply personal.
“As I was drawing Pengu’s search for his family, I found myself thinking about my own experiences with loss. There were moments where I had to stop because the story felt so real. That’s when I realized these weren’t just cute characters anymore. They had hopes, fears, history, and deep emotions that readers will connect with,” said Afiq Salam, illustrator of Adventures of Pax Pengu & Polly.
Development art from “Adventures of Pax Pengu & Polly” comic book image 2. Image Credit: Pudgy Penguins
The trilogy (each individual comic book is priced at $9.99) and The Berg Omnibus, a premium hardcover collector’s edition limited to just 1000 copies ($49.99), will debut exclusively for sale at San Diego Comic-Con (booth #2846) on July 23rd to 26th, where fans can meet Pax Pengu and Polly, have comics signed by the creative team, and purchase exclusive collectibles debuting at Comic-Con before hitting retailers nationwide and live on Pudgypenguins.com.
A look inside“Adventures of Pax Pengu Polly” comic book. Image 3. Image Credit: Pudgy Penguins
The above article “A Behind-the-Scenes Look at the Year-Long Creative Journey Behind “Adventures of Pax Pengu & Polly”” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/creative-journey-behind-adventures-of-pax-pengu-polly/
Read Also: This is the First U.S.-Chartered Depository Bank to Offer Stablecoin Invoicing
Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.
The lack of Wikipedia coverage is a more acute concern in an era where more users get their information from AI tools like ChatGPT. The report cites data from the AI tracking site Profound, which shows that 7.8% of links to sources on ChatGPT go to Wikipedia, compared to 1.8% and 1.1% to Reddit and Forbes, respectively, in second and third place.
(Profound/Chainstory)
The report also cites data from Trakkr, which shows that Wikipedia accounted for 36% of the top-10 citation links on ChatGPT and 25% of the top 100.
(Trakkr/Chainstory)
Contrary to popular belief, not everyone can create a Wikipedia page. The domain for doing so involves passing through tiers of protection and moderation views, according to Chainstory’s report. Volunteer reviewer’s must check prospective new articles against a number of factors, such as notability, verifiability and reliable sources.
Even when an article clears the process, it can still be deleted by administrators or via a 7-day community vote, which cannot be appealed.
Not helping matters for crypto projects is Wikipedia’s guidelines for crypto-centric news organizations (including CoinDesk), which describe them as “overwhelmingly enthusiastic about cryptocurrencies” and “generally unreliable.”
Mainstream news outlets that cover crypto, such as Reuters and Bloomberg, are regarded as reliable, the report said,but they are less likely to explore niche areas of the industry, such as liquid staking and perpetual exchanges.
Bitcoin (BTC) should repeat history and put in a bear-market bottom when a classic indicator hits zero, a trader says.
Key points:
Bitcoin classic two-month stochastic RSI signals are valid this bear market, Max Crypto said.
The bear market will be over once the indicator reaches zero again.
RSI divergences provided advance notice of the BTC price rebound beyond $64,000 this month.
Bitcoin stochastic RSI bottom signal “will happen again”
In an X post at the weekend, Max Crypto went on record to forecast the end of the 2026 bear market when the stochastic relative strength index (RSI) hits a new swing low.
“Stoch” RSI is a derivative of RSI, a popular leading indicator, with a greater bias on recent price moves.
“Every time the 2M Stoch RSI had a bullish cross and dropped to 0, $BTC bottomed,” Max Crypto wrote in accompanying commentary.
“This happened in 2014, 2018, and 2022, and it will happen again.”
BTC/USD two-month chart with stochastic RSI data. Source: Cointelegraph/TradingView
Two-month stoch RSI measures 4.81, having dropped into its sub-30 “oversold” zone during March, data from TradingView confirms. Current levels were last observed just over three years ago.
Stoch RSI has already formed a focus for market participants this year, with daily moves previously drawing comparisons to the 2022 bear market.
In April, crypto trader Quantum Ascend described BTC price history as “playing out nearly perfectly.”
Bear-market RSI cues keep coming
Turning to traditional RSI data, traders continue to look for bullish cues as BTC/USD treads water above $60,000.
Related: BTC price bull market to begin in September? Five things to know in Bitcoin this week
On Sunday, trader and investor BitcoinHyper eyed a bullish divergence against the S&P 500.
At the start of June, daily RSI dropped to just 15, marking one out of just six of what trader Osemka later called “extremely powerful selling events.”
“There’s been one case where extreme $BTC RSI (1D at 15) failed to break the lows and only managed to sweep it. That was at the end of accumulation range in 2015,” he continued on Tuesday.
“I’m mentioning it now since we have also only swept the low on such powerful move down.”
BTC/USD one-day chart with RSI data. Source: Osemka/X
Osemka implied that a deeper RSI retracement could still emerge, marking a price reversal in-line with previous bear markets.
Bitcoin’s return above $64,000 this month, meanwhile, came after bullish RSI divergences across multiple time frames.
The UK’s tax authority plans to treat “certain disposals” related to cryptocurrency lending and liquidity pools as transactions that would effectively defer the country’s capital gains requirements.
In a Monday announcement, HM Revenue and Customs (HMRC) said that starting on April 6, 2027, it would adopt a “no gain, no loss” approach to disposals involving crypto loans and liquidity pools. According to the tax authority, this measure would defer capital gains tax on digital assets “until an economic disposal.”
“This measure will support fairness in the tax system,” said the UK tax authority. “It aligns the tax treatment more closely with the economics of these arrangements by ensuring that gains and losses are generally recognized only when the participant makes an economic disposal of the cryptoassets.”
The measure, expected to impact about 700,000 individuals and trustees, would represent a significant change from the authority’s 2022 guidance on crypto liquidity pools and lending following a consultation period. Under UK law for 2025-2026, taxpayers pay between 18% to 24% for capital gains related to crypto transactions depending on whether they qualify as basic-rate or higher-rate.
Related: UK tokenization push could add as much as $44B to annual output by 2035: Report
According to the tax authority, it would treat crypto transactions as “no gain, no loss” under UK capital gains laws for the acquisition or disposal of an interest in a lending arrangement in exchange for the same type of asset, borrowed assets acquired at market value and similar conditions with automated market makers.
“This is the right direction, mainly driven by the industry feedback demonstrating that any other approach would cause significant admin burden for the tax payer,” said Aave founder and CEO Stani Kulechov in a Monday X post.
In UK politics, Reform leader Nigel Farage will not stand completely uncontested in a by-election caused by his resignation last week amid reports of the politician receiving contributions from billionaires tied to the crypto industry.
On Tuesday, the leader of the Solana community group Superteam UK, Stephen Newnham, said he will run as an independent candidate against Farage and others. The by-election representing Clacton is scheduled for Aug. 13 and will include candidates like comedian and author Jon Harvey in costume as Count Binface, a self-described “independent space warrior” wearing a helmet in the shape of a trash bin.
Farage triggered the by-election with his resignation, saying that he wanted the people of Clacton to judge his actions. The Reform figure reportedly received a $6.7 million donation from crypto billionaire Christopher Harborne, which he described as a ”reward” for the UK’s exit from the European Union and later as a “gift,” and other financial assistance from George Cottrell, a convicted fraudster linked to a crypto casino.
Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?
The Clarity Act will need to be sold to a large number of Democrats in the coming days, if it’s going to advance from the Senate before Congress’ summer break and the focus on this fall’s midterm elections. Though a new and potentially final draft is set to emerge as soon as Tuesday, it’s still absent a resolution on what may be the last and most important sticking point: a section that bans senior government officials — including the president — from personally engaging in the crypto industry.
That ethics provision remains at the forefront of the debate, and many Democrats have said they can’t vote for a Clarity Act that doesn’t have it. Those vows also came from the Democrats who have been at the negotiating table and voted yes on the bill when it was approved by the Senate Banking Committee.
“If this system does not stop Trump’s corruption of the entire industry, this bill is worthless,” said Murphy, who hasn’t been among Democrats at the negotiating table with Republicans. “If it protects Trump’s dominance over an industry that he will have more control to regulate, in fact, the bill is, in and of itself, a fundamental corruption if it gives Trump’s corruption the protection of law.”
Ironically, some critics of the bill have pointed to recent reporting by the Wall Street Journal on the Hong Kong exchange CoinEx as evidence of the risk. CoinEx is actually a story of how to use a public ledger to track, trace, and disrupt nation state activity.
Investigators traced roughly 3.84 billion dollars in transactions tied to Iran, connecting wallets controlled by Iran’s central bank to sanctioned military networks and to funds stolen separately by North Korean hackers. That level of detail is knowable today because it happened on a public blockchain, the same visibility critics are treating as the risk.
What the Clarity Act actually contains
Clarity contains nearly twenty distinct provisions addressing anti-money laundering, sanctions, and law enforcement authority.
As the bill is currently drafted, digital asset service providers get brought fully under the Bank Secrecy Act for the first time, with risk assessments, internal controls, a compliance officer, training, audits, and suspicious activity reporting all required.
Real-time information sharing between exchanges and law enforcement gets written into statute as recognized practice — the Beacon Network model of real time interdiction, seizure and disruption — replacing voluntary industry coordination with a legal standard.
An independent working group gets tasked with developing AI-powered tools to detect and disrupt terrorist financing and money laundering in digital asset markets. Kiosk operators face wallet pinning, hold periods, and daily transaction caps for first-time users, paired with blockchain intelligence requirements to catch scammers before funds leave the platform.
