Cryptocurrency News Roundup: RWA Surge, Major Hack, and Upcoming Summit

March 7, 2025 – The cryptocurrency world is buzzing with activity, from surging Real-World Assets (RWAs) to a major hack and a looming White House summit. This roundup covers the key developments.

RWA Frenzy Fuels Social Media Mentions

Real-world assets (RWAs) are experiencing a surge in social media mentions, with Chainlink (LINK) leading the pack with over 10,850 mentions. Other top performers include Hedera (HBAR), Avalanche (AVAX), Injective (INJ), and VeChain (VET). This increased attention suggests a growing interest and potential for RWAs in the blockchain ecosystem.

zkSync Era Emerges as Second-Largest RWA Blockchain

zkSync Era has seen a phenomenal 953.79% increase in RWA value over the past 30 days, reaching $2.03 billion. This makes it the second-largest blockchain platform for RWAs, trailing only Ethereum. This rapid growth showcases the increasing traction of layer-2 scaling solutions in the RWA sector.

White House Cryptocurrency Summit Looms

The first-ever White House cryptocurrency summit is scheduled for today, March 7th. Several significant developments are anticipated, including potential discussions on regulations, the future of crypto, and the role of digital assets in the global economy. This summit marks a significant step towards increased government engagement with the cryptocurrency sector.

Bybit Suffers $1.4 Billion Hack

Bybit, a leading cryptocurrency exchange, has been hit by a significant hack, with North Korean hackers allegedly stealing $1.4 billion. The breach was initiated through a sophisticated phishing attack targeting a staff member’s Mac laptop, exploiting malware disguised as a stock investment project. This incident highlights the ongoing threat of sophisticated cyberattacks targeting the cryptocurrency industry. The attack is now the largest known crypto theft in history.

Japan Considers Crypto Tax Cut

Japanese lawmakers are pushing for a reduction in crypto taxes to 20%. The ruling Liberal Democratic Party (LDP) is seeking public input on this proposal, with a deadline of March 31st. This development signals potential changes in the regulatory landscape surrounding crypto assets in Japan.

This roundup provides a snapshot of the current news, and further developments are expected as the day progresses.