Digital assets came under renewed pressure this week as Binance suffered the largest hack in digital asset history, with an estimated $6.3bn stolen, while weakness in technology stocks compounded the sell-off. Meanwhile, DTCC launched its tokenisation service, ICE announced plans for regulated US perpetual futures, and the Bank of England and Hong Kong Monetary Authority advanced their work on tokenised collateral and settlement.

Digital asset markets declined this week as weakness in technology stocks and renewed ETF withdrawals interrupted the market’s recovery. Meanwhile, institutional activity broadened across fund distribution, custody and payments, with Aviva launching a tokenised sterling fund share class, Standard Chartered agreeing to acquire Zodia Custody and HSBC introducing its first stablecoin. Final US stablecoin rules and S&P Dow Jones Indices’ partnership with Kalshi also advanced the frameworks supporting new financial products.

Digital asset markets remained under pressure this week, but major financial institutions continued moving digital assets and blockchain services into commercial use. Developments at JPMorgan, Visa and CME showed how digital assets are becoming more closely integrated into payments, settlement and trading, even as broader investor risk appetite remained subdued.

Digital asset markets declined this week as US Bitcoin and Ether ETFs recorded $1.22bn in combined weekly outflows, reversing part of the recent recovery in investment demand. Meanwhile, Securitize launched its first portfolio of tokenised US equities on Solana, Standard Chartered introduced custody for Ripple’s dollar stablecoin in Dubai, Samsung announced plans to integrate USDC into Samsung Wallet and Thailand finalised rules for domestic Bitcoin and Ether ETFs.

Digital asset markets showed renewed appetite for risk this week, with Bitcoin derivatives positioning becoming increasingly bullish. Meanwhile, the SEC cleared the way for triple-leveraged Bitcoin and Ether products, Stripe outlined a major expansion of its stablecoin-card business, an OKX and ICE joint venture advanced plans for round-the-clock tokenised US equity trading, and the FCA opened its authorisation gateway for the UK’s incoming crypto regime.

Digital asset markets saw a marked return of institutional capital this week, as US spot Bitcoin ETFs recorded their strongest weekly inflows in almost a year. Meanwhile, Goldman Sachs and Franklin Templeton expanded the links between traditional investment products and digital-asset market infrastructure, Binance deepened its strategic relationship with Circle, and Strategy resumed larger-scale Bitcoin accumulation.