According to the latest news, Fannie Mae and Freddie Mac may be preparing for an IPO in 2025. The target fundraising amount for this IPO is as high as $30 billion, with a valuation potentially reaching an astonishing $500 billion, expected to become one of the largest IPOs in history.

This news seems to echo Trump's recent executive order allowing 401(k) retirement plans to invest in cryptocurrencies. At the same time, the digital ecosystem of real-world assets (RWA) is flourishing, with the digitalization of forestry assets attracting widespread attention.

However, amidst this prosperous scene, there are also potential risks. For example, the cryptocurrency mining company CleanSpark faces a $185 million fine due to tariff issues, which reminds investors to be wary of potential regulatory pitfalls.

Current market sentiment is high, with the price of Ethereum (ETH) breaking through $4000, reaching a new high for the year. It is reported that the 833,000 ETH held by BMNR currently has an unrealized profit of about $410 million.

In such a market environment, the RWA sector is worth the close attention of investors. As a precursor, the decentralized yield market protocol Pendle has recently risen by 26%. These signs indicate that the cryptocurrency market and the trend of asset digitization are accelerating, but investors still need to cautiously assess risks and opportunities.