Author: James Wilson

Crypto asset ETPs just notched a fifth straight week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows. Summary CoinShares’ latest weekly report shows global crypto asset ETPs recorded $117.8 million in net inflows last week, marking a fifth consecutive positive week and pushing cumulative five-week inflows above $4 billion. Total assets under management now stand near $155 billion, but flows were highly volatile: $619 million in net outflows from Monday to Thursday flipped to a $117.8 million weekly inflow thanks to a single $737 million surge on Friday. Bitcoin products led…

The Bullish acquisition of Equiniti, announced today, values the transfer agent at $4.2 billion Summary Bullish will acquire Equiniti, a transfer agent serving 3,000 major companies and 20 million shareholders, for $4.2 billion. The deal positions Bullish as the global infrastructure provider for tokenized securities at institutional scale. Equiniti’s existing shareholder registry network gives Bullish immediate reach into the ownership data that tokenized securities require. The Bullish acquisition of Equiniti, announced on May 5, positions the crypto exchange as a core piece of infrastructure for tokenized securities markets. Equiniti currently serves as a transfer agent for 3,000 major companies and…

XRP Evernorth has named Robert Kaiden, CFO of the OpenAI Foundation, to its board of directors Summary XRP Evernorth appointed OpenAI Foundation CFO Robert Kaiden and Antalpha COO Derar Islim as independent directors. The Ripple-backed company is preparing for a Nasdaq listing under the ticker XRPN. The board additions signal XRP Evernorth is building institutional credibility ahead of its public market debut. XRP Evernorth, the Ripple-backed treasury company building an XRP-denominated balance sheet ahead of a Nasdaq listing, has appointed two senior executives to its board. Robert Kaiden, CFO of the OpenAI Foundation, and Derar Islim, COO of Antalpha, join…

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…