Analysis Crypto by Thebittimes.Com

The RWA boom has reached $23 billion as Chainlink, JPMorgan, and Ondo Finance complete the first cross-chain settlement between permissioned and public networks. This historic RWA milestone drives tokenized real world assets adoption and signals massive institutional DeFi growth ahead. Also Read: $2 Trillion in Dollar Stablecoins: US Treasury Backs the Surge Chainlink, JPMorgan & Ondo Finance Drive Tokenized Assets And Cross-Chain DeFi Growth Source: Alnvest Right now, the RWA boom is accelerating with unprecedented momentum, and Chainlink, JPMorgan’s Kinexys platform, and Ondo Finance have successfully executed a first-of-its-kind cross-chain delivery versus payment settlement on Thursday. This breakthrough connects JPMorgan’s permissioned payment network with Ondo Chain’s public testnet focused on tokenized real world assets. Historic Settlement Powers RWA Forward The test involved Kinexys Digital Payments and Ondo Chain’s testnet, with Chainlink’s Runtim...

Several bank analysts, including those at JPMorgan, are fearful that a US economic recession is nearing after Donald Trump’s tariffs were launched on Wednesday. In a recent note, the U.S.’s biggest bank said that the tariffs “take the economy perilously close to slipping into recession.” The response is a cold one felt throughout Wall Street, as over $2 trillion has been wiped from the US markets in the last 24 hours. Michael Feroli, the chief U.S. economist at JPMorgan, says Trump’s speech was at the “very hawkish end of the range of expected outcomes” from his heavily teased tariff announcement Wednesday. The plan is equivalent to the largest tax increase since 1968, the JPMorgan analyst also wrote. It could add as much as 1.5% to prices this year, using the Federal Reserve’s preferred inflation gauge, while weighing on personal incomes and consumer spending. “This impact alone could take the economy perilously close to slipping into recession,” Feroli says. “And thi...