Today in crypto news, Summer Mersinger, a commissioner from the CFTC, will be stepping down to become the CEO of the Blockchain Association, succeeding Kristin Smith who is moving to the Solana Policy Institute. Mersinger’s shift brings about changes in the regulatory dynamics of the CFTC, which is crucial for digital assets. In Asia, a report from UBS highlights that high-net-worth clients are moving away from US dollar assets, opting instead for gold, crypto, and Chinese investments, influenced by geopolitical uncertainties and market volatility. Tether has also invested $458.7 million in Bitcoin for Twenty One Capital, with the firm now holding a substantial Bitcoin treasury. Furthermore, investment firm VanEck is launching its first Real World Asset (RWA) tokenization fund, signaling growing interest from traditional finance in the blockchain space. This trend reflects a broader movement towards diversifying investments amidst current economic conditions.

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