๐ Global & Macro: Ukrainian President Zelensky revealed that leaders of Ukraine, the US, and Russia may hold a trilateral meeting during the G20 summit, a potential diplomatic breakthrough that could reshape geopolitical risk sentiment.
๐ฆ RWA & Institutional: A BIS research paper finds that rising US deposit rates are dampening stablecoin growthโeach 1 basis point increase in deposit rates correlates with a slowdown in the ten-week stablecoin growth rate from 15% to 12%, signaling traditional finance’s pull on crypto liquidity.
โก Crypto & Markets: Three men from Bristol, UK, have been sentenced to 5-6 years in prison for a home invasion crypto robbery, underscoring a worrying rise in violent crypto-related crime.
๐ก Key Takeaway: Geopolitical de-escalation hopes and traditional yield dynamics are shaping crypto flows, while physical security risks around digital assets demand heightened vigilance.