Crypto Market Faces Decline; Real-World Asset Sector Surges
Latest updates on the cryptocurrency landscape for today, April 14, 2025
As of today, the cryptocurrency market is experiencing notable declines, with all top ten cryptocurrencies by market capitalization in the red. The global cryptocurrency market capitalization has decreased by 4%, now totaling approximately $3.42 trillion, while daily trading volume hovers around $116 billion.
Major Cryptocurrencies Take a Hit
Among the major cryptocurrencies, Cardano (ADA) has faced the steepest decline, plummeting by 6.7% to a price of $0.7709. Other prominent coins such as Binance Coin (BNB) recorded slight losses, falling by 0.9%. Bitcoin (BTC), the leading cryptocurrency, has dipped by 1.7%, currently trading below the $103,000 mark at $102,552. Ethereum (ETH) is also down, falling 2.3% to reach $2,560. Within the broader scope of the top 100 cryptocurrencies, only seven recorded gains over the past day, with KuCoin (KCS) standing out as the best performer, increasing by 2.2% to $11.73. Conversely, Celestia (TIA) faced significant losses, dropping 10.7% to $2.83, followed closely by Ethena (ENA), down 10.2% to $0.3753. ### RWA Sector Surpasses Previous Gains
In contrast to the declining prices of major cryptocurrencies, the Real-World Asset (RWA) sector has seen a remarkable surge. Recent reports from CEX.io indicate that the on-chain value of RWAs has surpassed $23.8 billion, marking a significant increase from $16.3 billion at the start of the year. This represents a notable expansion in both adoption and value, particularly given that the sector had only added $7.5 billion throughout the entirety of 2024. The RWA sector has seen a 22% growth in the number of holders, surpassing 100,000 addresses. Analysts believe that this growth is driven by market uncertainty, prompting investors to seek safer, yield-generating RWAs amidst the fluctuating cryptocurrency landscape.
CEX.io’s report emphasizes the importance of RWAs in the recovery of decentralized finance (DeFi). It states, "RWAs are not only leading the DeFi recovery—they’re setting the pace of it.” Should tariff uncertainties persist or escalate, more capital may flow towards RWAs, as they prove to be resilient assets in turbulent market conditions.
Libre Expand RWA Access Through Avalanche
In a noteworthy development, Libre has announced the launch of its Libre Gateway on the Avalanche network, marking a significant step for accessing RWAs. The initial project involves tokenizing the Laser Carry Fund (LCF) by Laser Digital. This gateway, set to go live this month, will also bring various other institutional-grade investment funds onto the Avalanche network, including offerings from major financial institutions like BlackRock and Hamilton Lane.
This move aims to provide accredited and institutional investors with compliant access to alternative investment strategies directly through the blockchain ecosystem. The LCF employs a market-neutral strategy, targeting yield and funding opportunities within the digital asset market.
Libre’s initiatives are poised to offer new distribution channels for asset managers while facilitating secure participation for investors in alternative strategies.
Chainlink, J.P. Morgan’s Kinexys, and Ondo Finance Collaborate for Groundbreaking Transaction
In another significant event today, Chainlink, Ondo Finance, and Kinexys by J.P. Morgan completed a pioneering cross-chain Delivery versus Payment (DvP) transaction. This transaction, utilizing blockchain deposit accounts within Kinexys’ permissioned network, involved the settlement of Ondo’s tokenized US Treasuries Fund (OUSG) and highlighted the potential for future advanced DvP transactions.
Chainlink’s technology orchestrated the asset management and payment processes, marking a critical milestone in the development of cross-chain capabilities. As noted in their press release, this transaction represents the debut operation on the Ondo Chain testnet and is expected to enhance further collaboration and innovation in the blockchain and DeFi sectors.
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