๐ Global & Macro: No major macroeconomic or geopolitical developments reported in this hour.
๐ฆ RWA & Institutional: No new RWA or institutional developments reported this hour.
โก Crypto & Markets: Papertrade, a newly launched trading platform, reportedly hit $14.4 billion in notional volume within 10 minutes of launch, alongside $137 million in deposits across 11,473 addresses. The nature of the platform and whether trades are real or simulated remains unclear. Separately, an account purchased $81,000 worth of CS2 EPL Katowice items tied to Vitality’s win over Aurora, signaling continued interest in esports digital collectibles.
๐ก Key Takeaway: Papertrade’s explosive but opaque debut raises scrutiny over whether its massive volume is genuine or simulated, while niche esports collectibles draw notable capital.