When you truly deep it, All these RWA "companies" wanted to revolutionize the blockchain by incorporating abstract assets onchain. But if you know how things work, You understand that the longer they delay DOING IT, They more money they garner. It's like when lawyers long out everything just to keep exploiting you. Same exact shit with projects in the crypto world. So instead, A bunch of internet kids have come together and pretty much done it themselves with Housecoin. Trading "contracts" are never backed by anything, it's just that people BELIEVE they are. What's the difference here? They tokenized a fucking house and said you can buy shares of it. What do you think happens when it gets T1 exchange PERP listings? They won't be hedging, They'll be propping up their positions even more JUST LIKE THE REAL ESTATE MARKET. DEBT FINANCING. I believe Housecoin may result in TAKING DOWN an exchange based on the overleveraging that may occur. LUNA was primarily responsible for FTX going bust due to overleveraged funds who had invested and worked with Alameda Research. I don't want to get TOO TECHNICAL [yes I was the only person to predict the FTX collapse - documented], But there may very well be no top on this until we see a 2008 repeat ONCHAIN. I hope it's Binance that gets smoked. Ameen. ~ Dr. Axius. Retar Dio.