Aside from his indictments, Mashinsky is allegedly losing the Yankwitt LLP law firm in his defense team after it reportedly applied to withdraw its representation because of the crypto executive's alleged "deliberate disregard" to pay.
According to a research analyst, "The price action of BTC, coupled with volume data and the performance of certain altcoins, demonstrates the adherence to the typical 'buy the rumor, sell the news' pattern associated with major market events."
In crypto terms, RWA tokenization denotes the process of creating "digital twins" of material and monetary assets by using blockchain technology and smart contracts to transform them into on-chain assets.
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