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RWA cash-like vs credit: what backs the token, and how to tell

Not every “RWA” token is the same risk. This explainer separates cash-like Treasuries, MMFs and gold from credit wrappers—and how to read the difference.

Ethereum’s Glamsterdam: Sepolia activation is live

Ethereum’s Glamsterdam upgrade activated on the Sepolia testnet at 13:53 UTC on 6 October 2026. Headliners are ePBS and block-level access lists; mainnet remains unscheduled.

Bitcoin ~$85,600: CoinDesk’s recorded move after a near-$87k turnback

CoinDesk (6 Oct 2026) reported Bitcoin around $85,600 after a third turnback near $87,000 since 23 Sept. Trade-press snapshot only; no forecast.

Strategy’s 334 BTC purchase: what the company ledger reports

Strategy’s public Bitcoin ledger reports a 5 Oct 2026 buy of 334 BTC at a company-stated ~$85,839 average (~$29m), taking holdings to 848,000 BTC.

Spot Bitcoin ETF flows: +$241m week, then a −$89.8m day

Third-party trackers: U.S. spot Bitcoin ETFs ~+$241m net for the week to 2 Oct 2026, then ~−$89.8m on 5 Oct per Farside. Figures can be revised.

Tokenized Treasuries ~$14.82bn: what rwa.xyz showed on 6 October

On 6 Oct 2026, third-party tracker rwa.xyz showed about $14.82bn distributed value in tokenized U.S. Treasury funds, down 6.63% over 30 days.

Base vault ~$6m loss: whitelist change, not an Aave core breach

Trade press: an unidentified Base DeFi vault lost about 1,783 wstETH (~$6m) on 4 Oct 2026 after a multisig whitelist change. Firms say Aave V3 was not hit.

Circle’s MiCA response: preserve multi-issuance, rethink reserve rules

Circle published its MiCA review consultation response on 1 Oct 2026. It is company advocacy; rankings and “largest” claims are Circle’s own statements.

Solana DvP: an open atomic settlement program for institutions

On 6 October 2026 the Solana Foundation announced Solana DvP, an MIT-licensed open-source escrow program for atomic delivery-versus-payment on Solana. J.P. Morgan input is limited to settlement-practice feedback, not endorsement.

TeraWulf’s Muskie campus: contracted power to 1 GW, pending approval

On 5 October 2026 TeraWulf said it amended its Kentucky Power deal to raise Muskie Data Campus contracted capacity from 500 MW to 1 GW, with the second phase aimed at 2029 pending KPSC approval.

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