Bitcoin News
By Evie Vavasseur
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Circle CEO Sees a Break From Pure Speculation. Jeremy Allaire, CEO of Circle, said the rising RWA trading volume marks a shift away from purely…
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ICE's CEO Wants Regulatory Rules to Match the Clock. Intercontinental Exchange CEO Jeffrey Sprecher has publicly called for regulatory adjustments to…
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Real-world asset perpetual futures are basically knocking on Bitcoin's door. Over a single week, RWA perps generated $61.
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The numbers break down fast. Tokenized equity contracts led the charge at 57.8% of total RWA volume. Commodities came in second at 28.2%.
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That's the number that turns heads. From July 13 to July 19, Hyperliquid's RWA perpetual trading volume hit $25.
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Early data for the current week already put RWA perpetual volume at $37.2 billion, per Talos. That's 9% above Bitcoin perpetual volume in the same stretch.
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The appeal of these instruments is pretty clear. Perpetual futures don't expire. There's no rolling cost, no contract date to manage.
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Read also: Bitcoin Holds Near $64,200 as ETF Outflows Hit $526.5 Million Across Four Sessions
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Intercontinental Exchange CEO Jeffrey Sprecher has publicly called for regulatory adjustments to accommodate 24/7 trading environments. That's a notable signal.
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But the full integration of onchain trading into existing financial structures is still murky.
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RWAs are growing fast. They're still small. That tension is worth keeping in mind.
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Total futures volume across all categories hit $821.4 billion last week, per Talos. RWAs accounted for about 7.5% of that.
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More context: Bitcoin ETFs Pull In $32.1 Million as Price Slips Under $64,000
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What's not unclear is the direction of exchange strategy. Platforms are listing tokenized stocks and commodities alongside digital currencies, diversifying away from a pure…
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Sprecher has said what he wants. The regulators haven't answered.
The Currency Analytics
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