Written by: Will Awang
Investment and financing lawyer, Digital Assets & Web3; independent researcher, tokenization & RWA & payment.

The myth of getting rich quickly in the crypto market exists every day. Most players come here not to double their money, but to turn over. In this dark forest, crypto market makers, as the top predator closest to money, are becoming more and more mysterious.
Price manipulation, pump and dump, and profiteering are synonymous with crypto market makers. However, before labeling crypto market makers with these “derogatory” labels, we need to face up to the important role they play in the crypto market, especially for early-stage coin listing projects.

Things are evolving in real time.
This is the tone of the 2024 US election year. In order to win over 10% of crypto voters in the United States, policymakers will inevitably continue to introduce favorable crypto policies.
The SEC is no longer the same SEC as before. It is constantly compromising and has passed the Ethereum ETF. Many issues left over from the previous SEC and the court will also be resolved in this year's political game. We have already seen the FIT24 bill passed by the House of Representatives. With the achievement of regulatory consensus, it will inevitably promote the development of crypto innovation and the derivation of US dollar hegemony (US dollar stablecoin).

Written by:
Will Awang, investment and financing lawyer, crypto researcher.
Chris Chuyan is a crypto lawyer, former senior product manager at an exchange, and on-chain data researcher.

The ultimate goal of most Web3 projects is to issue their own tokens, especially in the crypto bull market. As token prices rise, FOMO sentiment spreads. The road in the pursuit of "freedom" is bumpy, and there may be alarms from the unknown dark forest, severe ambushes by law enforcement officers, and even jail time at any time.
How to issue tokens legally and in compliance with regulations is the top priority that Web3 projects need to clarify, but this is far from the end. The end is to achieve decentralization of the project. Decentralization will not only bring the next step of healthy development to the project, but also bring more compliance space for the project.

In January 2023, VitaDAO, a decentralized organization focused on longevity research and drug discovery, received $4.1 million in funding led by traditional pharmaceutical giant Pfizer. This was a milestone in the DeSci Biotech field and also brought DeSci into the mainstream for the first time.
Different from DeFi's closed-loop business model that can be achieved only through encrypted native assets, DeSci's underlying assets come from off-chain and need to be closely integrated with the off-chain real world. This not only involves the transformation of traditional Science using Web3 technology and token economic models (such as scientific research collaboration, funding acquisition, data sharing, results transformation, technology transfer, product commercialization, etc.), but also involves many off-chain issues such as privacy protection, data security, IP property rights, product commercialization and compliance with the on-chain encrypted world.

Analysis of Blackrock's tokenized fund BUIDL, opening up a brave new world of DeFi for RWA assets

Since Blackrock successfully promoted the launch of BTC Spot ETF this year and introduced crypto assets into traditional finance, two months later on March 21, 2024, Blackrock teamed up with Securitize to launch the first tokenized fund BUIDL "BlackRock USD Institutional Digital Liquidity Fund" on the public blockchain - Ethereum, introducing traditional finance into the crypto market.
The launch of the BUIDL Fund marks an important milestone in the tokenization of RWA assets. Through the BUIDL Fund, Blackrock, the world's largest asset management company, allows people to witness the future of blockchain technology transforming the financial system and achieve seamless connection between crypto assets and real-world assets.