📜 SEC to Propose Tokenized Stock Framework The U.S. Securities and Exchange Commission is set to release a major crypto proposal, aiming to establish a framework for tokenized stocks, according to Bloomberg. The move comes as Wall Street deepens its efforts in digital asset tokenization.
🐕 Revolut Launches Dogecoin Debit Card Revolut is launching a physical debit card that allows users to spend $DOGE at any merchant accepting Visa or Mastercard, according to Coindesk. The card offers zero extra exchange fees for converting the meme coin at the point of sale.
🔁 Ethereum Foundation Sees Wave of High-Profile Departures The Ethereum Foundation is undergoing an internal shakeup, with multiple senior figures leaving the organization. The turnover is linked to a new organizational mandate aimed at redefining the foundation's role within the Ethereum ecosystem, according to Coindesk.
📉 Berkshire Hathaway shares trail S&P 500 by a record 44% Since Warren Buffett stepped down as CEO in May, Berkshire Hathaway shares have underperformed the S&P 500, with the gap now at a record 44%, according to data.
🔄 Stripe-Backed Tempo Integrates Morpho for Onchain Lending Tempo, a payments-focused blockchain backed by Stripe, has partnered with DeFi lender Morpho—which holds $7.5 billion in total value locked—to expand beyond payments. The integration brings onchain yield and lending capabilities to Tempo’s network, according to CoinDesk.
⚡️ Ex-OpenAI's Aschenbrenner Targets $13.6B AI Play via Crypto Miners Leopold Aschenbrenner is shorting Nvidia and AMD, according to Coindesk. His strategy favors bitcoin miners that own the electricity and data centers needed to fuel the next phase of the AI boom.
📉 HIVE Acquires $58M Toronto Plot for AI Facility Bitcoin miner HIVE purchased a $58 million plot in Toronto for an AI data center, according to Coindesk. Shares climbed following the acquisition, which follows HIVE raising $115 million to expand its global footprint in AI infrastructure.
🇬🇧 UK Regulators Propose Near-24/7 Settlement for Tokenized Markets The FCA and Bank of England are jointly seeking feedback on new tokenization guidance and plans to extend operating hours for the UK’s core payment and settlement infrastructure toward near-24/7 availability, according to a Cointelegraph report.
🏦 Standard Chartered to absorb Zodia Custody’s regulated crypto custody business and spin out Zodia Solutions. Standard Chartered will take over Zodia Custody’s core digital asset custody operations in-house, while spinning off Zodia Solutions as a separate entity, per a report from Cointelegraph.
📉 Bitcoin Sheds May Gains, Drops Below $77K Bitcoin has erased all of its May gains, falling below $77,000 in live trading, according to Coindesk data. The decline continues despite Strategy's $2 billion bitcoin purchase last week.
🏛️ UK Regulators Outline Tokenization Roadmap The U.K.'s Financial Conduct Authority and Bank of England have published a joint roadmap for tokenization of the country's financial payments network, according to Coindesk. The plan includes the use of stablecoins for institutional settlement and a phased transition toward 24/7 operations.
🐋 Bitmine increases ETH treasury by 71,000+ tokens last week. Ethereum treasury firm Bitmine purchased over 71,000 ETH last week, a sharp increase from its previous weekly buying activity. The acquisition comes as Tom Lee linked ether's recent pullback to rising oil prices, according to Coindesk data.
🧠 Quantum Threat to Bitcoin Timeline Compressed, Citi Warns Citi said accelerating advances in quantum computing are compressing the timeline for risks to crypto and broader internet infrastructure, with Bitcoin seen as particularly exposed, according to a Coindesk report. $BTC faces an outsized quantum threat as computing breakthroughs accelerate, the bank noted.
✅ Iran pushes $10B Bitcoin insurance plan for Strait of Hormuz: Report Iran is advancing a plan to settle marine cargo insurance policies in Bitcoin for shipments transiting the Strait of Hormuz, according to a report from Decrypt. The initiative could generate up to $10 billion in Bitcoin-denominated premiums and certificates.
🟠 Strategy Adds $2B in Bitcoin in Single Week Strategy acquired 24,869 $BBC last week, valued at over $2 billion, according to Coindesk data. The purchase brings the firm's total holdings to 843,738 coins.
📈 Capital B Expands Bitcoin Treasury with $15.2M Acquisition The 25th-largest corporate Bitcoin holder purchased $15 million worth of $BTC, according to Cointelegraph data. The firm is one of only four treasury companies to announce a corporate Bitcoin investment during May.
📅 Crypto Week Ahead: Fed Minutes & Meta Stablecoin Deadline The week starting May 18 features the release of Federal Reserve meeting minutes, according to Coindesk. A Senate deadline for Meta's stablecoin project is also scheduled this week.
🇰🇷 South Korea’s FSC Reviews Hana Bank’s $668M Dunamu Stake South Korea’s Financial Services Commission is reviewing Hana Bank’s $668 million stake in Dunamu, the operator of crypto exchange Upbit, under “banking-commerce separation” rules, according to a report from Cointelegraph. The review examines limits on bank ownership tied to crypto firms.
💰 Iran Accepts $BTC for Strait of Hormuz Transit via New Platform Iran will accept $BTC payments for Strait of Hormuz transit through its new maritime insurance platform "Hormuz Safe," bypassing SWIFT entirely, according to the announcement. Iran is projecting over $10 billion in revenue.