News

Indonesia "strongly expects" MSCI to maintain its emerging market status

BlockBeats reported that on June 4, Cardano founder Charles Hoskinson announced he would be "taking a break" after warning that the ecosystem was about to face "a wave of failures." Influenced by these remarks, ADA dropped below $0.2 for the first time in over five years, with a cumulative decline of nearly 70% over the past year and a further drop of about 10% after the news was released. Hoskinson's comments come at a time when the Cardano ecosystem has faced consecutive setbacks. TapTools, a Cardano data analytics platform that had been operating for four years, announced it would cease operations, while a recent community vote rejected the use of treasury funds to support ecosystem development, resulting in the cancellation of the planned Cardano 2026 Summit in Singapore. Hoskinson noted that he had warned at the beginning of the year that the persistently weak market environment would lead to the shutdown of some projects and that the Cardano ecosystem would see "a large number of failures." He also expressed his disappointment at the community's lack of willingness to use treasury funds to drive ecosystem development. On X, Hoskinson posted briefly, "I'm taking a break. TTYL."

BlockBeats reported that on June 4, Goldman Sachs announced a collaboration with fund services institution Apex Group, digital asset trading platform Archax, infrastructure provider Ownera, and real estate investment management company LRC Group to launch a blockchain-native real estate fund, further advancing the tokenization of real-world assets (RWA). The fund combines a traditional fund structure with a blockchain-native issuance model, and fund shares are tokenized via Goldman Sachs’s blockchain platform GS DAP. LRC Group serves as the fund manager, Archax is in charge of regulated digital securities custody and acts as the first distribution partner, while Ownera connects all participating parties and distribution channels. Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, stated that issuing blockchain-native fund shares through GS DAP enables more precise investment in real estate assets and creates the foundation for easier transfers of shares in the future. The market believes that as traditional financial institutions accelerate their involvement, the tokenization of real-world assets like real estate is gradually transitioning from conceptual exploration to practical application.