Digital asset markets continued their upward trajectory this week, with altcoins notably outperforming major cryptocurrencies. In a landmark development, NASDAQ has formally submitted a request to the U.S. Securities and Exchange Commission seeking approval for tokenizing traditional equities, potentially bridging conventional finance with blockchain technology.
The Hype token reached an unprecedented all-time high of $55, fueled by growing anticipation around its proposed native stablecoin initiative. Meanwhile, Worldcoin experienced a remarkable 40% surge after Eightco secured $250 million in funding for its treasury operations.
Security concerns emerged as Ledger’s Chief Technology Officer issued warnings following a sophisticated supply-chain attack, while SwissBorg reported a substantial $40 million security breach. Geopolitical tensions surfaced as Russian officials accused the United States of leveraging stablecoins as financial weapons.
Institutional adoption gained momentum with Strategy’s $217 million Bitcoin acquisition and Ant Digital’s move to tokenize $8.4 billion worth of energy assets on-chain. The stablecoin ecosystem expanded with MegaETH introducing USDm in collaboration with Ethena, alongside a new Justin Sun-backed stablecoin deployment on Ethereum.
Regulatory developments progressed as Congress mandated a detailed report on Bitcoin reserve requirements, while CoinShares announced plans to transition its listing to a U.S. exchange. Ripple strengthened its institutional presence by extending its cryptocurrency partnership with global banking giant BBVA, and Kazakhstan unveiled plans for a National Crypto Fund to support digital asset innovation.
