Author: James Wilson

U.S. stocks opened higher on Tuesday, with major indexes gaining and AI‑linked storage names outperforming, even as PayPal sank about 10% after disappointing profit guidance. Summary Galaxy Digital and State Street Investment Management have launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized cash management product aimed at delivering 24/7 on-chain liquidity. The fund lets institutional investors subscribe and redeem using stablecoins while earning yield on underlying traditional securities, initially on Solana with plans to expand to Ethereum and Stellar. Galaxy provides tokenization infrastructure, Anchorage Digital handles digital asset custody, and State Street manages the off-chain portfolio,…

Summary AI prediction-market operating system Elastics has closed a $2 million pre-seed round led by Paris-based VC Frst, with participation from angels affiliated with ElevenLabs, XBTO, RedStone, and a16z. The Warsaw-based startup is building an “AI-native operating system for prediction markets” that lets users “trade with words,” while autonomous agents handle research, execution, and risk management across venues. Funding will be used to hire AI and quantitative talent in Poland and to expand integrations with major prediction markets such as Polymarket, Kalshi, and Limitless. Elastics, which describes itself as an “AI predictive market operating system,” announced it has raised $2…

XRP price moved toward the $1.40 resistance on Tuesday as the broader crypto market recovered alongside easing oil prices. Summary XRP price trades near $1.39 after testing $1.41, consolidating as broader crypto markets recover on easing oil prices. Symmetrical triangle pattern forms on the daily chart; breakout above $1.45 could target $1.90, with $2 as the next key level. Indicators turn supportive as Supertrend flips green and MACD nears bullish crossover, signaling rising upward momentum. According to data from crypto.news, XRP (XRP) price traded near $1.39 at press time, after briefly touching highs around $1.41 earlier in the session. The…

Ripple CTO Emeritus David Schwartz said on May 5, 2026, that his remaining crypto exposure is now almost fully tied to XRP and Ripple equity.  Summary David Schwartz said he has virtually no crypto exposure left beyond XRP and Ripple equity. Schwartz said his XRP-heavy position was not fully planned, despite his long role at Ripple. He also said diversification can be rational when investors cannot clearly identify future winners. His comment came during a fresh online discussion about investment choices and XRP loyalty. Schwartz wrote: “Yeah, that’s true now. I have virtually no crypto exposure left except XRP and…

The crypto market resumed its uptrend on Tuesday, rising 1.2% to $2.76 trillion as oil prices eased, after Iranian officials hinted at progress in U.S.-Iran peace negotiations. Summary Crypto market rises 1.2% to $2.76T as Bitcoin tops $81K; rebound triggers $225M in short liquidations. Sentiment improves as the Crypto Fear and Greed index moves to neutral; oil prices ease on signs of progress in U.S.-Iran talks. Focus shifts to U.S. Nonfarm Payrolls and JOLTS data, which could shape Fed policy outlook and market direction. Bitcoin (BTC) climbed 3.5%, briefly moving above the $81,000 level before settling at around $80,855 at…

U.S. banking groups have pushed back against the latest CLARITY Act language on stablecoin rewards, arguing it does not sufficiently prevent risks to bank deposits. Summary U.S. banking groups have said the CLARITY Act’s updated language still allows stablecoin rewards that could pull deposits from traditional banks. Trade associations warned that incentives tied to balances or holding periods may replicate deposit-like returns despite the proposed ban on yield. Lawmakers including Senators Thom Tillis and Angela Alsobrooks have defended the compromise as a path forward, even as disagreements with banks continue. According to a joint statement from the American Bankers Association,…

Aave LLC filed an emergency motion in New York on May 4 to vacate a restraining notice served on Arbitrum DAO.  Summary Aave says stolen ETH cannot become North Korea’s property through an alleged crypto exploit claim. Gerstein Harrow argues frozen ETH can satisfy judgments tied to alleged North Korea-linked crypto theft. Aave warns the freeze could delay rsETH recovery and harm users across the DeFi ecosystem. The notice seeks to block the transfer of Ethereum linked to the April 18 rsETH incident. Aave asked the court to lift the notice, set a fast hearing, or require a $300 million…

US voters ranked crypto last among election priorities in an April poll of 1,000 registered Americans. Summary Just 1% of registered US voters named crypto their top concern; only 3% called it the single most important 2026 midterm issue. Majorities of independents, Democrat-leaning voters, and base Democrats all held unfavorable views of cryptocurrency in the poll. Despite low priority rankings, 22% said crypto is an important issue and 40% would vote for a candidate aligned on digital assets. Public Opinion Strategies conducted the poll in late April on behalf of CoinDesk, surveying 1,000 randomly selected registered US voters with a…

ZeroStack CEO Daniel Reis-Faria says the CLARITY Act stablecoin deal reduces investor uncertainty but has not resolved institutional hesitation yet. Summary Senators Tillis and Alsobrooks reached a CLARITY Act yield compromise on May 1, banning passive stablecoin yield and preserving activity-based rewards. Polymarket odds of the CLARITY Act passing in 2026 jumped from 46% to 64% hours after the stablecoin deal landed. Reis-Faria says larger investors will still hold back until implementation rules are fully in place, not just agreed in principle. The stablecoin deal was finalised on May 1 by Senators Thom Tillis and Angela Alsobrooks, drawing a clear…

Chainlink price rose 3% on May 4, its biggest single-day gain in two weeks, as Consensus 2026 opened. Summary LINK climbed alongside Bitcoin’s return above $80,000, with the broader risk-on session lifting infrastructure tokens across the board on May 4. Chainlink’s CCIP cross-chain protocol averaged $90 million in weekly token transfers in recent months, providing a fundamental backdrop for the price move. LINK had been trading in a tight range between $8.70 and $9.58 for most of April, making May 4’s move its most decisive session in two weeks. LINK rose alongside Bitcoin’s $80,000 reclaim and the Consensus 2026 conference…