The Daily: Standard Chartered sees major RWA growth on Ethereum, CZ challenges Sen. Warren, and more
Summary
Standard Chartered projects that the market cap for onchain real-world assets (RWAs) could surge to $2 trillion by 2028, a massive increase from today's $35 billion, with the vast majority tokenized on the Ethereum network due to its reliability and network effects. Separately, the lawyer for former Binance CEO Changpeng Zhao (CZ) has demanded an immediate retraction from Senator Elizabeth Warren regarding statements made after his pardon, threatening potential libel action. Other key updates include Canaan supplying mining rigs for Japan's first state-linked bitcoin mining project focused on grid stability, Ether.fi DAO proposing a $50 million token buyback plan amid a broader DeFi repurchase wave, and Ethereum developers officially setting December 3rd for the mainnet activation of the Fusaka upgrade.
(Source:The Block)