Ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2, Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility.
More and more amount of capital is being directed to stablecoins and the real-world asset (RWA) tokenization sector, which include financial products and physical assets like real estate and fine art that are minted on the blockchain.
In a March 31 post on X, the crypto intelligence platform IntoTheBlock wrote, “Stablecoins and RWAs continue to see steady inflows of capital as safe havens in the current uncertain market.”
“However, because these assets reside on-chain, even slight shifts in sentiment can trigger significant price movements, driven by the lower barriers to reallocating capital in real-time,” the firm noted.
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NFT Marketplace X2Y2 Shuts Down After 3 Years, Pivots To AI
After three years of operation, Non-fungible token (NFT) marketplace X2Y2 has announced it is shutting down.
As per an announcement on March 31, X2Y2 will be shut on April 30. The team has shared its excitement as the company is switching its focus to an artificial intelligence project.
“It’s a pivot. Over the last 12 months, we’ve been diving deep into AI—hands down the biggest paradigm shift we’ll see in our lifetimes—and how it can transform crypto. We’re building something new.“
According to Cointelegraph, the Token Terminal data shows that X2Y2 saw $53.6 million worth of trading volume over the last 365 days.
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The president at the NFT-focused Polkadot and Kusama chain Unique Network, Charu Sethi shared with Cointelegraph:
“The speculative phase focused on collectibles and trading is over, but NFTs are now entering their next growth era as core infrastructure enabling massive opportunities in gaming, AI, fan engagement and content authentication. “
Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’
In order to regulate digital assets and provide a licensing regime for crypto companies which want to operate in the Pacific island nation, Vanuatu has passed laws, which the government regulatory consultant has called “very stringent.”
On March 26, the local parliament passed the Virtual Asset Service Providers Act which gave the crypto licensing authority to the Vanuatu Financial Services Commission (VFSC) in addition to the powers to enforce the Financial Action Task Force’s Anti-Money Laundering, Counter-Terrorism Financing and Travel Rule standards with crypto firms.
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Under the laws, the VFSC has sweeping investigation and enforcement powers, with the penalties growing up to 250 million vatu ($2 million) and up to 30 years in prison.
Loretta Joseph, who consulted with the regulator on the laws, told Cointelegraph, “God help any scammer that goes into Vanuatu because you’ll go to jail. The laws are very stringent.”
