A research report jointly published by Uweb and the TGG Stablecoin and RWA Innovation Center at Hong Kong Polytechnic University’s Faculty of Business argues that the global AIDC, or AI data center, market has entered a super-cycle of physical buildout. The report says demand is no longer a forward-looking narrative but already visible in hyperscaler spending and Nvidia’s data center revenue, with power access and grid connection now emerging as the real constraints on expansion. The study groups listed companies in mainland China, Hong Kong and the United States into four buckets based on how far their transitions have actually materialized, while also separating out native data center operators and major cloud or AI platform companies as reference cases. It finds that U.S.-listed Bitcoin miners converting to AI hosting generally carry more “substance” because they already control power, sites and cooling systems, while many mainland Chinese cross-sector entrants are starting from zero. In Hong Kong, the picture sits between those two, with native IDC upgrades and acquisition-led entrants both present. The report also flags several risks tied to the AIDC boom, including depreciation mismatches for GPUs, customer concentration under take-or-pay contracts, and rising leverage. On the financing side, it highlights public REITs, ABS and CMBS in data centers, along with early moves toward GPU compute futures, as tools that could reshape how operators fund expansion and hedge revenue volatility.

Bitwise’s 2026 second-quarter report painted a split picture for the digital-asset market: prices, ETF flows and on-chain activity weakened, while tokenized real-world assets, prediction markets and some crypto-linked equities kept expanding. The firm said its top-10 crypto index fell 15.4% in Q2, with eight of its 10 constituents posting negative returns, while spot Bitcoin ETFs saw $4.9 billion in net outflows, their worst quarter on record. Bitcoin also dropped below $60,000 in June and sat 52% below its October peak of $126,080, according to the report. At the same time, Bitwise highlighted areas that continued to grow through the downturn. Prediction market open interest reached a record $1.8 billion and quarterly volume climbed to $43 billion. Tokenized real-world assets rose to $33 billion in Q2, up 12% for the quarter and 45% year to date. The firm’s Crypto Innovators 30 Index gained 30.6%, helped mainly by AI-linked Bitcoin miners. Chief Investment Officer Matt Hougan said the industry mood is among the worst he has seen in eight years, but argued that current prices do not reflect the sector’s stronger fundamentals relative to the prior bear-market bottom in 2022.

Bitwise Head of Research Ryan Rasmussen used five charts from the firm’s latest quarterly market review to frame a split-screen crypto market in the second quarter of 2026. On one side, prices for major crypto assets remained under pressure: the broader crypto asset class was down 36% in the first half of the year, while gold was the only other major asset class to post a decline, falling 7%. On the other side, business activity across several parts of the industry kept expanding. Crypto-related equities gained 23% in the first half, the top 10 crypto applications generated a combined $5.9 billion in revenue over the past 12 months, tokenized real-world assets climbed to a record $33 billion, and prediction markets set new highs in both open interest and quarterly volume. Rasmussen argues that the gap between weak token prices and stronger operating data shows crypto should not be treated as a single asset bucket. In his view, the sector remains broad, uneven, and full of distinct business lines, from bitcoin miners benefiting from AI demand to stablecoin issuers and tokenization platforms serving Wall Street use cases. The article was written by Rasmussen, translated by Foresight News, and published by MarsBit.

A closed-door session on Japan’s real-world asset tokenization, stablecoins and the BNB ecosystem was held in Tokyo on July 13 during WebX, bringing together traditional financial institutions, listed companies, asset owners, stablecoin issuers and Web3 infrastructure teams. Hosted by ASIAN STAR with Hash Global as co-organizer and BNB Chain as blockchain ecosystem partner, the event focused on how Japanese assets can move beyond basic token issuance toward regulated, institutional-grade onchain finance. Speakers discussed the role of governance, valuation, disclosure, KYC/AML and investor suitability in bringing Japanese real estate, trust interests and other yield-bearing assets onto blockchain rails. ASIAN STAR outlined a framework using Japanese GK-TK structures alongside BNB Chain’s settlement and custody capabilities, while BNB Chain representatives said the sector is shifting from defining RWA to solving for scale and real financial use cases. Panelists also examined compliance boundaries, trust requirements for stablecoins, and the conditions needed for pilot RWA projects in Japan, including licensed partners, custody, fiat on- and off-ramps, settlement tools and secondary liquidity plans. The event concluded with ASIAN STAR and Hash Global signing a strategic MOU to work on a Japanese real estate fund project within the BNB Chain ecosystem.

Grant Cardone says bitcoin treasury firms resemble a modern gold rush, but he is taking a more conservative route by pairing bitcoin with commercial real estate. He plans to launch 12 funds this year and raise more than $1.2 billion.

Trump Media & Technology Group filed registration for five America First-themed ETFs via Yorkville, including digital asset ETFs, to be listed on NYSE Arca under Truth Social Funds. Concurrently, it completed a 6.84 million CRO acquisition and partnered with Crypto.com, signaling a major push into crypto and political finance.

Trump Media & Technology Group disclosed five America First-themed ETF filings on Sept. 10, 2025, covering tech, defense, energy, and REITs, alongside existing digital asset ETFs, all branded as Truth Social Funds.

Trump Media said Yorkville America Equities filed with the SEC for five America First-themed ETFs under the Truth Social brand, expanding a broader push that also includes digital asset ETF plans and a Crypto.com partnership.