Autor Cointelegraph by Yohan Yun

For years, crypto has thrived on speculative capital flows and the explosive popularity of decentralized finance (DeFi) tokens and applications.That still holds true for rising sectors such as perpetual decentralized exchanges and prediction markets. But as Wall Street pushes deeper into tokenized real-world assets (RWAs), not all of the industry’s existing systems cater to the kinds of financial products institutions want to bring onchain.An author of the newly finalized ERC-7943 (uRWA) token standard said that the fragmented infrastructure powering much of DeFi wasn’t designed for regulated financial assets, which often require identity frameworks and interoperability standards.“If you want to bring regulated assets onchain, you can’t really escape regulations,” Dario Lo Buglio, co-founder and head of blockchain at tokenization platform Brickken, told Cointelegraph. “You can still play your pirate game on DeFi without regulated assets.”DeFi veterans have been wary of freezing functions in tokens, but the same controls appeal to institutions. Source: ethereum.orgExisting standards don’t cover every RWA use caseAnother token standard, the ERC-3643 — also known as the T-REX or Token for Regulated Exchanges — is one of the dominant frameworks used for tokenized securities on Ethereum.The standard already includes many of the compliance-oriented features institutions require, like identity-based permissions and mechanisms that allow issuers to intervene under specific circumstances.The framework was designed primarily around securities and does not necessarily translate across the broader range of tokenized assets now entering blockchain markets, Lo Buglio said. Thus, interoperability is increasingly difficult as more institutions experiment with bringing traditional financial products onchain.“As tokenization becomes easier, the harder problem is making those assets work across different compliance systems, custodians, exchanges, wallets and institutional platforms,” Markus Levin, co-founder of XYO, told Cointelegraph.Levin said standards such as uRWA could help standardize how tokenized assets carry information tied to identity, permissions, compliance requirements and transfer rules across Ethereum-based systems.“Done well, that makes regulated assets far easier to move, verify and integrate without every institution building its own isolated infrastructure,” he said.Tokenized RWAs grew from roughly $6.4 billion at the start of 2025 to about $34 billion as of Thursday, according to RWA.xyz data. Standard Chartered estimates this value to pop to $2 trillion by the end of 2028, while the Boston Consulting Group projects $18.9 trillion by 2033.In measurements that classify stablecoins as RWAs, the total market capitalization is approaching $340 billion. Source: RWA.xyz Related: Wall Street’s tokenization boom has a liquidity problem: Axis CEOLevin added that institutions have largely prioritized assets with predictable cash flows, real yield and established legal structures.“The market is tokenizing what benefits most from faster settlement, programmable collateral and lower operational friction,” he said.Privacy as the next institutional requirementPrivacy remains another major obstacle for institutions experimenting with onchain finance, particularly for firms unwilling to expose portfolio activity or transaction flows on public blockchains.“We don’t want BlackRock listing their entire portfolio onchain transparently to everyone, but they still want to transact onchain,” he said.BlackRock’s institutional liquidity fund is worth about $2.5 billion. Source: RWA.xyzRelated: DeFi hacks shake institutional confidence as risks outpace yieldsLo Buglio argued that many existing tokenization frameworks were originally designed around public Ethereum-based systems and do not always translate cleanly to privacy-oriented chains, where transaction models and data structures often differ from traditional EVM environments.Canton Network, which was launched with backing from firms including Goldman Sachs, Microsoft and Cboe Global Markets, was designed around privacy-preserving financial coordination between institutions.Unlike public blockchains where transaction activity is broadly visible across the network, Canton allows data to remain visible only to relevant participants while still synchronizing settlement between institutions.Its architecture has irked some developers who argue the network lacks key characteristics associated with public blockchains, including a globally shared state.The debate reflects a growing divide between crypto-native DeFi infrastructure and the types of blockchain systems many large financial firms appear more willing to adopt for regulated assets.AI agents may push RWAs beyond TradFiMuch of the current conversation around tokenized RWA has centered on banks and institutional systems. But some builders believe the infrastructure now being developed for RWAs could eventually branch out to machine-driven financial systems.“As AI agents begin to move capital autonomously, they will need assets that exist on-chain in a form they can read and act on,” Taran Dhillon, head of digital assets at tokenization company Kula, told Cointelegraph.According to Dhillon, many productive RWAs still remain largely disconnected from automated financial systems because they lack standardized digital infrastructure.“The standards being built today need to work across jurisdictions and asset classes, not just within the existing corridors of established financial markets,” he said.Lo Buglio similarly argued that ERC-7943 was designed less as a single dominant implementation and more as a framework allowing tokenized assets to move across increasingly interconnected blockchain environments.ERC-7943 moved to the “final” stage in its Ethereum Improvement Proposal process on Wednesday, meaning developers can deploy contracts based on the standard without expecting further specification changes. The next phase will likely focus on adoption across tokenized asset platforms.The emergence of another tokenization standard may not immediately solve the lack of standardization issue it aims to address.Lo Buglio acknowledged that ERC-7943 was intentionally designed as a more flexible and less “opinionated” framework than some earlier standards.Large financial institutions and blockchain developers continue to experiment with proprietary infrastructure and custom compliance systems.Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?

Security exploits are weighing on institutional appetite for decentralized finance (DeFi), even as broader crypto adoption continues through stablecoins and tokenized assets.In an April research note, JPMorgan analysts said that bridge security remains a challenge for the industry, raising questions on whether DeFi can grow to support further institutional adoption. The recent exploit on the Versus-Ethereum bridge was the eighth major attack against DeFi bridges in 2026 so far, with cumulative losses totalling $328.6 million.DeFi bridges remain prime targets for hackers seeking to steal millions of dollars. Source: PeckShieldMisha Putiatin, CEO of smart contract security firm Statemind and co-founder of DeFi protocol Symbiotic, said he regularly fields calls from major traditional institutions exploring DeFi exposure, often with bad timing. “Five minutes before I have a call with a big traditional institution, another big hack,” he told Cointelegraph. “They sit there looking at me like, ‘Is this normal? Is this every day for you?”Still, institutions may get into DeFi, but the terms on which they arrive could reshape it into something that looks a lot more like traditional finance than the open, permissionless system its builders envisioned. DeFi has become too complex for DYORAt the beginning of April, North Korea’s Lazarus Group was implicated in the $285 million Drift Protocol exploit, carried out through a months-long social engineering campaign in which infiltrators approached Drift contributors at an in-person crypto conference.The same actors were blamed for the KelpDAO breach a few weeks later, which drained about $290 million from the protocol’s cross-chain bridge. Total value locked across DeFi fell to around $86 billion from just under $100 billion in two days following the KelpDAO hack in April. The outflows came from pools with no direct exposure to compromised assets, said JPMorgan analysts.DeFi pools lost around $14 billion following the attack on KelpDAO. Source: DefiLlamaRelated: Wall Street’s tokenization boom has a liquidity problem: Axis CEOPutiatin said the complexity of modern DeFi makes it nearly impossible for ordinary users to know where their risk actually sits. “Do your own research doesn’t work anymore,” he said. “It hasn’t been working for a really long time.”He explained that the system has become too interconnected and complex to trace. For example, when a user deposits Ether (ETH) to earn yield while never touching any other token, they can still get hit by a breach on a bridge connected to a token they’ve never even heard of. Do your own research, or DYOR, is an industry mantra born in the early days of Bitcoin, when protocols were simple enough that a user could read a whitepaper and make an informed decision. Today, with smart contracts running up to tens of thousands of lines of code, protocols layered on top of one another, and new services and tokens launching at breakneck speed, that expectation has become almost impossible to meet.“I’m not ever expecting people that just want to invest their money to ever figure out every part of the stack themselves,” Putiatin said.“I’m not going to spend the next two years of my life trying to figure out how to get a 6% yield,” he added, claiming that traditional finance alternatives are close enough in return that the DeFi’s security risk rarely makes sense for most investors.A shrinking premium for an unquantifiable riskTether (USDT), the world’s largest stablecoin, offers a supply APY of 2.74% on Aave’s Ethereum market, the biggest DeFi lending protocol. That’s below the 3.57% available on a three-month US Treasury bill. Circle’s USDC (USDC) fares better at 4.14%.Supply and borrow APY on Aave’s Ethereum market. Source: AaveRelated: Why stablecoins and SWIFT may have to coexistPutiatin said institutions see this clearly, even if they struggle to quantify it precisely. The problem is that institutions have no reliable framework for pricing the hack risk sitting underneath them. “They can’t price risk properly,” he said. “So they discount the yield we provide by a lot.”DeFi yields have compressed as the market has matured, eroding the premium that once justified the risk. At the same time, the hacks have not slowed down. For investors used to underwriting risk with actuarial precision, shrinking upside and unquantifiable downside is a hard sell.The cost of DeFi’s seat at the tablePutiatin’s benchmark for when DeFi has genuinely turned a corner is an onchain insurance system capable of underwriting hack risk across the entire ecosystem and pricing it with the kind of actuarial precision that institutions require.”When we have circuit breakers, curators that can do due diligence, and a framework for that — we will get the fourth one that we desperately need as an industry,” he said. “We will get insurance.”DeFi has lost over $7.76 billion to exploits, according to DeFiLlama data tracing back to 2016. Though DeFi insurance providers exist, their capacity remains too small to backstop anything approaching institutional scale.Without that infrastructure, institutions that do come in will do so on their own terms, demanding full know-your-customer checks, custodial controls and tokens that can be frozen at any time.The open, permissionless architecture that made DeFi worth building gets stripped to satisfy compliance requirements.”All of the benefits that we have as an industry, they kind of go away,” he said. “Blockchain becomes just a database.”It is an outcome Putiatin finds more troubling than the hacks themselves. The hacks, at least, are a problem the industry can work on. A version of DeFi that institutions have hollowed out to make it safe enough for their mandates is a surrender of everything the technology was supposed to change.Magazine: 5 tech predictions the mainstream media got horribly wrong

Real-world assets (RWA) crossed $32 billion in market value for the first time on Tuesday, as Wall Street’s love affair with tokenization continues to accelerate.JPMorgan was the latest to double down on its interest through a filing with the Securities and Exchange Commission for a new tokenized money-market fund for stablecoin issuers on Ethereum.Not everyone is impressed by the big names and numbers.”[Most] of the projects out there, and even the traditional finance players coming into crypto, they’re only looking at the issuance layer,” Chris Kim, founder and CEO of liquidity provider Axis, told Cointelegraph. “Nobody is actually focusing on the liquidity side of things.”Issuing a tokenized asset and being able to trade it are two very different things, Kim argued. The industry’s obsession with market cap figures doesn’t measure how much of $32 billion can actually change hands.Onchain RWA assets market value grew by about $10 billion in 2026 so far. Source: rwa.xyzPutting assets onchain is the easy partTokenized finance is expected to continue growing. McKinsey & Company projects the tokenized market cap could reach $2 trillion by 2030. Standard Chartered sees $30.1 trillion by 2034.But Kim claimed that the industry is obsessed with the wrong metrics, as the race to issue is outpacing the ability to trade these assets.”The tradability around it is going to be an important factor to determine the value of these tokenisation markets going forward. But right now, there isn’t that much trading happening around tokenized RWAs,” he said.The headline figure doesn’t tell the story of how unevenly liquidity is distributed across asset classes. Tokenized Treasuries, which account for roughly half of the RWA market, benefit from the underlying liquidity of US government debt, as rwa.xyz data shows.But for other categories, Chainalysis reported that the tokenized assets market cap is drawn from a platform — rwa.xyz — that tracks highly illiquid assets like real estate alongside liquid ones.“Because these illiquid assets lack continuous secondary market trading, their exact present market value is inherently difficult to measure, meaning certain aggregate valuations should be treated as best-available estimates,” Chainalysis wrote in its April report. Chainalysis tracked $40.5 billion in tokenized gold trading volume and found that for most of its history, it had almost no correlation to traditional gold markets, frequently decoupling entirely. It is only since mid-2025 that the two markets have begun moving in tandem.Tokenized gold is beginning to track physical gold prices more closely, but the two markets have not yet fully converged. Source: ChainalysisRelated: Crypto and AI could be dirty words on 2026 midterm campaign trailIn other words, even for one of the most mature tokenized asset classes, onchain trading has only recently started to behave like the real thing.Fragmentation is taxing the RWA economyFor RWA assets in today’s Web3 economy, the same asset is issued across multiple blockchains.”The fragmentation is accelerating,” Kim said. “We are seeing the same asset being issued on multiple blockchains in 30 different formats, and they can’t interact with each other.”Kim has a stake in the narrative. Axis, his arbitrage yield platform, is built on capturing price discrepancies across fragmented markets.When tokenized assets are spread across blockchains without seamless interoperability, pricing diverges and capital efficiency takes the hit. Issuers can face duplicated legal work and siloed liquidity pools, while investors must navigate different custody models and risk profiles.The cost of this fragmentation is already measurable, according to a report by RWA.io. Moving capital between networks compounds the problem by costing investors between 2% to 5% per transaction in fees and slippage.The same tokenized fixed-income asset trades at different prices across blockchains. Source: RWA.ioRWA.io estimated these inefficiencies drain between $600 million and $1.3 billion from the market every year. If the fragmentation persists as the market scales, those annual losses could reach $75 billion by 2030.The technology to fix this exists, but the infrastructure connecting it all is the missing piece of the puzzle, according to RWA.io. Onchain operational failures drove a 143% increase in financial losses in the first half of 2025 compared to all of 2024.The long road to a functioning RWA marketKim is not bearish on tokenisation and views it as an inevitable destination for global capital markets. But inevitable does not mean imminent.”I view tokenisation as a default standard in the far future,” he said. “But until we get there, we are still going to have a differentiation between TradFi liquidity profiles and on chain liquidity profiles.”JPMorgan and BlackRock are racing to put assets on chains. But until the liquidity infrastructure catches up, the market cap figure doesn’t fully measure a functioning market.”We are just maybe in the early innings,” Kim said. “Until more sophisticated liquidity providers are able to synchronise TradFi and onchain tokenised markets, then I think we can only call it a successful alternative to TradFi.”The IMF has also flagged a longer term concern in a January 2025 note on tokenization and financial market inefficiencies. It warned that while tokenization could reduce some trading costs, it may amplify shocks if institutions become more interconnected and hold lower liquidity buffers as a result. In other words, the race to put assets on blockchains may be creating new systemic risks even as the old infrastructure problems remain unsolved.Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI.CEO Brian Armstrong said the company is using AI to flatten its organizational structure, with managers expected to act more like “player-coaches.””AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs,” Armstrong said in an email to employees, also shared on X on Tuesday.Armstrong’s memo outlined three sweeping changes to how Coinbase will operate. Source: Brian ArmstrongBlock and Crypto.com have made similar moves in recent months, citing AI-driven efficiency gains that allow leaner teams to handle what once required larger headcounts.Coinbase and Crypto.com cut about 700 and 180 employees respectively. Jack Dorsey’s Block handed out 4,000 pink slips in February to reduce the company to under 6,000 employees.Crypto has weathered several bear markets before, and layoffs have always followed. But this time, the companies doing the cutting are using the downturn to rebuild with AI at the center.Coinbase misses Q1 expectationCoinbase’s Tuesday filing with the Securities and Exchange Commission detailed that the exchange expects its restructuring plan to cost up to $60 million in expenses tied to severance and termination benefits.Clear Street analyst Owen Lau told CNBC that Coinbase wants to “tell investors that management is actively managing the cost base to deliver positive adjusted EBITDA through the cycle.”“The first quarter results are expected to be weak because of the crypto bear market,” added Lau.On Thursday, Coinbase reported a weaker-than-expected first-quarter loss as falling crypto prices dragged down spot trading revenue. The exchange posted a net loss of $1.49 per share on $1.41 billion in revenue, missing analyst expectations while transaction revenue fell short amid weaker trading activity.The underperformance isn’t specific to Coinbase, as Bitcoin lost 21% of its value in Q1. Across the tech industry, headcounts that ballooned during the bull run are now coming back down, with executives increasingly pointing to AI as the catalyst.Bitcoin has been in the red for two consecutive quarters but showed signs of recovery in April. Source: CoinglassRelated: Reality of AI’s impact on employment clashes with C-suite optimismWhether AI is the real driver or a convenient explanation depends on who you ask. Speaking at the recent Semafor World Economy conference, Scale AI CEO Jason Droege pushed back on the idea of AI presenting a “white-collar apocalypse,” arguing that many companies are using the technology as cover.“A lot of the layoffs that are happening right now because of AI, if you really dig in, it’s sort of like washing the layoffs,” Droege said. “A lot of these companies are saying it’s because of AI, but a lot of it is just like rightsizing and they need an excuse.”AI leads job cut reasoning for second consecutive monthAccording to jobs tracker Layoffs.fyi, the global tech industry in 2026 Q1 had the most layoffs since 2023 Q1, with more than 81,747 people losing their jobs. March was hit the hardest, with 45,800 layoffs in the month.Tech layoffs surged in early 2026, marking the industry’s highest quarterly job cuts since 2023. Source: Layoffs.fyiRelated: How AI agents can reshape arbitrage in prediction marketsThe slowdown has continued into the first month of this quarter. According to a Thursday report from outplacement firm Challenger, Gray & Christmas, US employers announced 83,387 job cuts in April, up 30% from the 60,620 cuts recorded in March. AI led all reasons for job cuts in April for the second consecutive month, though it is not the leading cause for the year so far. Market conditions led with 53,058 cuts, followed by closings at 52,187.”Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements. They are also often citing AI spend and innovation. Regardless of whether individual jobs are being replaced by AI, the money for those roles is,” said Andy Challenger, chief revenue officer at Challenger, Gray & Christmas.Crypto has always been cyclical, but the framing around this wave of cuts looks different from the last major downturn. During the 2022–2023 crypto crash, companies were largely reacting to collapsing token prices, the fallout from FTX and balance sheets strained by aggressive bull-market hiring.This time, executives are increasingly presenting layoffs as proactive restructuring tied to AI adoption and operational efficiency. Both Dorsey and Armstrong signalled that their companies remain well-capitalized, framing the cuts as deliberate attempts to flatten corporate structures rather than emergency survival measures.Same playbook, new reasonCrypto recoveries have come fast, and when they do, businesses often enter hiring sprees to expand during the bull market. Coinbase has been here before. It cut 18% in 2022, then hired aggressively when prices rebounded.This time, Armstrong is betting the AI-native model means he won’t have to.Kraken was making the same argument in October 2024, when it slashed 15% of its workforce.In a blog post, co-CEOs Arjun Sethi and Dave Ripley said the exchange had “fallen into the trap of building organizational layers” and needed to become “leaner and faster” by giving power back to individual contributors over managers.The language is similar to Armstrong’s and Dorsey’s memos. The difference is, Kraken didn’t mention AI.Leaner teams, flatter structures, faster decisions. Crypto has been here before, but AI is the latest reason why.Magazine: Guide to the top and emerging global crypto hubs: Mid-2026Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Some of the world’s largest remittance providers are accelerating their digital asset strategies as they look for faster settlement alternatives to traditional banking rails.Western Union’s new stablecoin USDPT is the latest example of the growing overlap between traditional payments firms and crypto infrastructure. The money transfer company launched its Solana-based stablecoin on Monday in the Philippines and Bolivia, with plans to expand into additional markets throughout 2026.Western Union CEO Devin McGranahan said in the company’s Q1 earnings call that the stablecoin will be used as an alternative settlement layer to the decades-old SWIFT network.Digital assets allow transfers “to begin moving and settling between us and our agents onchain in real time at much faster speeds and again over weekends and holidays where we have capital tied up because the traditional banking system only settles Monday through Friday,” he said.Western Union’s stablecoin follows the launch of its Digital Asset Network. Source: Western UnionWestern Union is not the only remittance provider trying to move cross-border settlement away from the incumbent banking system’s weekday-only rails.Rival MoneyGram on Tuesday announced a partnership with Kraken that allows users to convert crypto into cash for pickup, adding to a broader push among remittance firms to integrate blockchain-based payment rails.SWIFT isn’t disappearing anytime soonFrom its early years, crypto was often framed as an alternative to centralized financial systems and intermediaries. Though Satoshi Nakamoto did not explicitly call for replacing banks in the original Bitcoin whitepaper, the network’s genesis block included the newspaper headline: “Chancellor on brink of second bailout for banks.”As Bitcoin launched after the collapse of institutions like Lehman Brothers, the message has been interpreted as a political statement against centralized finance and bank bailouts.Bitcoin’s first block was mined on Jan. 3, 2009, during the Global Financial Crisis. Source: BitapsRelated: DeFi can freeze stolen funds, but not everyone agrees it shouldBut today, many of those same financial institutions are embracing blockchain-based settlement systems themselves.“It is no longer a question of if Western Union will be active in digital assets, it is now how fast can we scale,” McGranahan said.Western Union exploring alternatives to SWIFT does not mean crypto has replaced the finance messaging network founded in 1973. SWIFT is still deeply embedded in the cross-border settlement infrastructure used by banks in more than 200 countries and territories.In fact, SWIFT itself has also been experimenting with blockchain-related infrastructure. Last September, the organization announced work on a shared ledger initiative involving more than 30 financial institutions.“SWIFT isn’t going to be replaced by a single announcement or a single stablecoin,” Bernardo Bilotta, CEO of stablecoin infrastructure platform Stables, told Cointelegraph. “It’s deeply entrenched, and for many types of institutional transfers, it works well enough that the switching costs outweigh the benefits of moving to something new.”Stablecoins unlock “dead” remittance capitalFaster remittance settlement has obvious benefits for end-users, who no longer have to be constrained to business days.On the backend, it unlocks “dead capital” for the remittance provider and its local partners.“A company like Western Union has capital parked across hundreds of correspondent banking relationships globally, pre-funding accounts so that when a transfer hits, the money is already sitting there waiting,” Bilotta said.He added:It earns nothing, it does nothing except guarantee that a payment can settle two or three days from now on a banking schedule designed in the 1970s.”Moving settlement onto blockchain-based assets such as stablecoins compresses the payment timeline from days to minutes.However, Bilotta argued that not all that liquidity will start flowing into useful earnings, as stablecoins also need locked reserves and partake in real-time treasury management. So in practice, not all the “dead capital” unlocked by stablecoins is expected to be immediately deployed elsewhere. Stablecoin issuers also keep large amounts of capital locked in reserves. Source: CircleRelated: Why yen stablecoins are key to Japan’s crypto ambitionsSota Watanabe, CEO of Startale Group, is building the JPYSC stablecoin in Japan. He said that the extra time in traditional rails also creates safeguards and buffers. Institutions batch transactions, net exposure and manage liquidity around banking hours.“Stablecoins remove that delay. Powerful, but it means treasury systems must now operate continuously, not only during business hours,” Watanabe told Cointelegraph.Private stablecoins risk creating new silosWhile stablecoins promise faster and more efficient settlement, not all blockchain-based payment systems are built equally.Bilotta argued that private settlement networks such as Western Union’s USDPT offer institutions tighter control over issuance, treasury management and counterparties, but risk recreating the same fragmentation blockchain originally aimed to solve.“Every company that launches its own stablecoin creates another walled garden that the rest of the ecosystem has to bridge to or ignore,” he said.Unlike private stablecoins operating inside closed ecosystems, public stablecoins such as Tether’s USDt (USDT) benefit from shared liquidity pools and interoperability across exchanges, wallets and payment platforms.“A dollar moved through USDT in Thailand is the same dollar that arrives in Australia,” Bilotta said. “No bridging, no translation, no bilateral agreements between private networks.”Watanabe shared similar concerns, warning that if every major payment company launches its own isolated settlement network, the industry could simply recreate the siloed infrastructure of correspondent banking on blockchain rails.“Private settlement networks are efficient inside a closed ecosystem,” Watanabe said. “Their weakness is interoperability.”He argued that the long-term advantage of public blockchain rails is not just faster settlement, but shared infrastructure where liquidity can move more naturally between applications, exchanges and financial systems.For all the promises of faster settlement and 24/7 payments, blockchain-based remittances still risk rebuilding the same fragmented infrastructure they were meant to replace.Magazine: North Korea denies crypto hacks, Upbit’s bank tests Ripple: Asia ExpressCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.