Market sentiment is broadly bullish, underscored by institutional moves, high-profile partnerships, and surging interest in tokenized assets. 🐮 Robinhood announced a major expansion into Canada with its $180 million acquisition of WonderFi. 🐮 Crypto equities and related tech stocks rallied in response to cooling US inflation. 🐮 VanEck and Securitize unveiled a tokenized US Treasury fund spanning four blockchains.
Robinhood will acquire Canadian crypto firm WonderFi for nearly $180 million, marking a major move to expand its international presence and tap into the Canadian crypto market.
VanEck has entered the asset tokenization space by partnering with Securitize to launch its first tokenized US Treasury fund, VBILL. The fund is available on Avalanche, BNB Chain, Ethereum, and Solana, leveraging Securitize's integrated services to bring US Treasury investments on-chain and joining other institutions in the tokenization race.
Crypto-related and US tech stocks surged after a third consecutive month of cooling US inflation, with analysts expecting a catch-up rally while Bitcoin consolidates before a potential all-time high.
Crypto prime broker FalconX and global bank Standard Chartered have formed a strategic partnership to serve institutional crypto investors, aiming to enhance access and services for large-scale market participants.
Coinbase has partnered with Canadian stablecoin issuer Stablecorp to broaden access to tokenized Canadian dollars, as revealed during the Blockchain Futurist Conference in Toronto. This move signals Coinbase's continued interest in stablecoin markets and Canadian crypto infrastructure.
Andrew Peel has left his position as Morgan Stanley's head of digital asset markets to establish a crypto investment and tech firm in Zug, Switzerland, according to Bloomberg.
Donald Trump Jr. has refuted viral claims from crypto influencers about an upcoming Truth Social memecoin, clarifying that the conservative platform tied to former President Trump is not launching such a token.
Jefferies transformed from a traditional investment bank into a major crypto player, beginning with its early support of MicroStrategy in 2019 after Wall Street giants declined. The firm's strategic moves have since led to billions in crypto-related deals and a significant industry presence.
Infinite Node Foundation, a nonprofit focused on digital art, has acquired the intellectual property rights of the CryptoPunks NFT collection from Yuga Labs, marking a significant shift in stewardship for the iconic NFT project.
DeFi savings protocol Sky reported a $5 million first-quarter loss as interest payments to USDS token holders more than doubled, erasing profits. The financial setback was detailed in a report by Sky contributors from Steakhouse Financial.
CoinShares reported a 42.2% year-over-year decline in net profit, falling to $24 million in Q1 2025. The digital asset investment firm's earnings highlight ongoing challenges in the crypto investment sector.
Perpl, a decentralized perpetuals exchange, has raised $9.25 million in funding led by Dragonfly. The project plans to launch its testnet by the end of the year, aiming to build on the Monad blockchain.
Gibraltar plans to introduce the world's first regulatory framework for the clearing and settlement of crypto derivatives, aiming to enhance market integrity and reduce key risks. This initiative includes collaboration with the Peter Thiel-backed exchange Bullish.
Thailand's Ministry of Finance plans to issue $150 million in digital investment tokens, enabling retail investors to access government bonds. The initiative marks a significant step in the country's adoption of blockchain for public investment products.
South Korea's Democratic Party has established a Digital Asset Committee to shape cryptocurrency policy and foster industry growth, holding its first meeting at the National Assembly.
Coinbase is set to join the S&P 500, with analysts projecting up to $9 billion in passive inflows. The move is seen as a milestone for crypto's integration into mainstream finance and could pull more index managers into the sector.
Slow blockchain governance is leaving crypto vulnerable to quantum computing threats, warns Colton Dillion of Quip Network. The industry faces risks if it cannot adapt quickly to emerging quantum-proof security solutions.
US Senators Cynthia Lummis and Bernie Moreno have called on the Treasury to reconsider taxing US firms on unrealized crypto gains, urging the department to use its authority to amend current digital asset tax provisions impacting corporate holdings.
Arizona Governor Hobbs blocked two crypto bills, citing excessive risk, while approving stricter regulations for crypto kiosk providers to combat fraud. The move highlights ongoing state-level caution toward cryptocurrency legislation.
A Colorado-incorporated company has been identified as connected to Xinbi, a Chinese illicit crypto marketplace reportedly used by scammers in Southeast Asia to channel billions of dollars in cryptocurrency.
Two former executives of bankrupt crypto lender Cred, CEO Daniel Schatt and CFO Joseph Podulka, have pleaded guilty to wire fraud related to the company's downfall.