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Crypto

Bernstein says RWA market tops $51 billion, private credit largest segment

The real-world asset (RWA) market is expanding rapidly, with tokenised private credit emerging as a core segment, Bernstein Research said. It estimated the RWA market at about $51 billion this year, with tokenised private credit making up about 44 percent. Bernstein said differences in classification standards led to gaps with other estimates. It cited BlackRock\'s BUIDL and U.S. Treasury-linked tokens as major areas, and said Figure Technology Solutions led platforms by tokenised assets.

Crypto

Zerohash seeks new funding at higher valuation after Mastercard investment collapses

Mastercard has withdrawn plans to invest in cryptocurrency infrastructure company Zerohash. A recent CoinDesk report said Mastercard’s $1.8 billion acquisition of UK stablecoin infrastructure company BVNK appeared to have influenced the decision. Mastercard had been considering a strategic investment even after Zerohash signaled it would go its own way in January. Zerohash is now pushing a new funding round at a higher valuation than before.

Crypto

Pump.fun accounts for more than a third of Solana Q1 revenue despite memecoin slowdown

Memecoin platform Pump.fun posted $124.7 million in first-quarter revenue, keeping its position as the top-grossing app in the Solana ecosystem. The figure was more than a third of Solana’s total app revenue of $342.2 million in the quarter. Pump.fun revenue rose 17 percent from the previous quarter even as memecoin activity slowed. Messari said Pump.fun’s core business remained solid and cited growth in launchpad, trading and tokenised real-world assets.