Crypto Industry News & Market Trends

Fireblocks Connects RAW Signing to Cardano via Iagon

Tech　　Fireblocks Connects RAW Signing to Cardano via IagonFireblocks has integrated its RAW signing technology with Iagons enterprise Cardano nodes and Insights API for institutional access to ADA.The integration allows approved clients to create and sign custom ADA and Cardano Native Token transactions within Fireblocks MPC framework.Institutions can now delegate ADA to stake pools and participate in Cardano governance directly through the Fireblocks platform.Fireblocks Trust, regulated by the New York Department of Financial Services, provides qualified custody for supported clients.Iagon secured a $1.5 million ADA-denominated loan backed by 54 million IAG tokens to fund infrastructure development.　　Fireblocks has connected its RAW signing system with Iagon‘s enterprise Cardano nodes and Insights API for approved clients. The integration allows institutions to create and sign custom ADA and Cardano Native Token transactions within Fireblocks’ MPC framework. The update expands existing ADA custody support to include staking, governance, and token management inside a single regulated workflow.　　Fireblocks Expands Institutional ADA Capabilities　　Fireblocks enables institutions to construct custom transactions through RAW signing while securing private keys within its MPC structure. Instead of using preset templates, clients can define transaction parameters directly and execute them through the custody platform. As a result, firms gain operational flexibility while keeping assets secured

05-14Industry

Bitcoin Owner Claims Claude AI Cracked Lost Wallet Password, Netting $400K in BTC

In briefAn X user claimed Anthropics Claude AI helped recover access to a Bitcoin wallet holding 5 BTC worth roughly $400,000.The viral posts generated more than 6 million views and sparked debate over AIs role in crypto wallet recovery.Recovery experts said the screenshots appear to show AI-assisted file analysis rather than Claude “cracking” Bitcoin encryption.　　An X thread claiming Anthropics Claude AI helped recover a long-lost Bitcoin wallet worth roughly $400,000 went viral on Wednesday, drawing millions of views.　　The posts came from a pseudonymous X user “Cprkrn” who said Claude helped unlock a Bitcoin wallet containing 5 BTC that had purportedly been inaccessible for nearly nine years.　　“Holy fucking shit OMG Claude just cracked this shit,” Cprkrn wrote, tagging Anthropic and CEO Dario Amodei.　　Cprkrn also shared a post from August 2023, suggesting that the wallet had been “locked” since 2015. Blockchain data indeed shows that the Bitcoin wallet beginning in “14VJyS” had not moved any funds since 2015—until today.　　The thread generated more than 6 million views as users speculated about whether large language models could help with recovery tasks involving encrypted files and forgotten passwords.　　While the screenshots shared on X did not show evidence that Claude bypassed or broke Bitcoins underlying cryptography,

05-14Industry

Bank of Japan debates near-term rate hike, eyes June move

The Bank of Japan held its short-term policy rate at 0.75% during its April 27-28 meeting, but the internal debate was anything but steady. Three of the nine board members broke ranks to advocate for a near-term rate increase, making this one of the most contentious BOJ gatherings in recent memory.　　The catalyst is familiar to anyone watching global energy markets: the ongoing conflict in the Middle East, particularly the Iran war, has sent oil prices climbing and forced the central bank to revise its core CPI forecast for fiscal 2026 upward to 2.8%. That is well above the BOJs 2% target, and it has some policymakers itching to act before inflation expectations become entrenched.　　A board divided　　One board member called for immediate rate hikes at upcoming meetings. Another member took a slightly more measured approach, suggesting increases every few months depending on how inflation data evolves.　　The bond market certainly noticed. Following the release of the hawkish summary, the 10-year Japanese government bond yield surged to a 29-year high.　　June is the markets best guess　　Polymarket data shows a 65.8% probability of a 25 basis point hike at the BOJs next meeting on June 15-16.　　A 25 basis point increase would bring the policy rate

05-14Industry

DeFi Mobilize Against Senate Amendments to CLARITY Act

Tech　　DeFi Mobilize Against Senate Amendments to CLARITY ActSenate amendments could expand legal risks for DeFi developers nationwide.Crypto groups warn new AML rules may tighten pressure on self-custody tools.Advocacy groups plan senator scorecards ahead of key CLARITY Act votes.　　Crypto advocacy organizations intensified pressure on U.S. senators ahead of the Senate Banking Committees markup of the CLARITY Act. According to Eleanor Terrett, a journalist and co-host of the Crypto In America podcast, the push followed the submission of more than 100 amendments to the legislation late Tuesday night. Several industry groups warned that multiple proposals could reshape decentralized finance rules and weaken protections for developers.　　The DeFi Education Fund identified a list of amendments that it believes threaten decentralized finance infrastructure. According to the group, the proposals could expand liability for software developers, tighten anti-money laundering obligations, and reduce legal protections tied to self-custody technology.　　Besides targeting developers, the amendments also focus on DeFi front-end operators, tokenization frameworks, and broader compliance standards for digital asset companies. Consequently, advocacy groups have started lobbying senators before Thursdays committee vote.　　Democratic Senators Push Tougher Oversight　　Several amendments originated from Democratic senators, including Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Elizabeth Warren, and Jack Reed.　　DEF argued that several amendments

05-14Industry

Grayscale Seeks SEC Approval for Zcash Spot ETF

Grayscale filed a Form S-3 with the SEC to convert its Zcash Trust into a spot ETF.The proposed Zcash ETF would trade on NYSE Arca under the ticker ZCSH.The fund plans to hold actual ZEC tokens and track the CoinDesk Zcash Price Index.Grayscale appointed Coinbase Custody as custodian and prime broker for the proposed ETF.Bank of New York Mellon would serve as the administrator for the fund.　　Grayscale Investments has filed a Form S-3 with the US Securities and Exchange Commission to convert its Zcash Trust into a spot exchange-traded fund. The proposed product would list on NYSE Arca under the ticker ZCSH. The filing positions the fund as the first US spot ETF tied to a privacy-focused cryptocurrency.　　Grayscale Advances Plan for Zcash ETF Conversion　　Grayscale seeks to transform its closed-end Zcash Trust into an open-ended ETF structure. The existing trust manages more than $200 million in assets. The firm stated that the ETF would hold actual ZEC tokens.　　The proposed Zcash ETF would track the CoinDesk Zcash Price Index. Therefore, the fund would reflect the market price of ZEC. Investors would gain regulated exposure without managing wallets or private keys.　　Grayscale appointed Coinbase Custody as custodian and prime broker for the fund. The

05-14Industry

Ethereum Could Breakout Soon: But in Which Direction?

Ethereum　　Ethereum Could Breakout Soon: But in Which Direction？Ethereums price behavior is throwing up mixed signals that leave analysts undecided.The $2,300 level appears to be Ethereums pivot with significant roadblocks on both sides.Whales and institutions are making contradicting moves regarding Ethereums future.　　There are mixed signals around Ethereum‘s price, suggesting the cryptocurrency may be trading at a critical level. TradingView’s data show that ETH has traded within a tight range that pivots at $2,300, with strong areas above and below this mid-point. Technical analysts are basing their ETH predictions on the cryptocurrencys ability to breakout on either side of the pivot.　　Analysts Agree on Ethereums Pivot　　Crypto analyst Ted Pillows thinks a confirmed break below $2,250 could pressurise ETH into a bearish narrative and force a move to lower price levels. In his latest post on X, Pillows highlighted Ethereums strong regions, revealing how a price breakdown could potentially push the cryptocurrency below $1,800.　　In contrast to Pillow‘s bearish outlook, another analyst, who acknowledged ETH’s range-bound trend, foresees a potential rally if the crypto asset climbs above $2,400. According to the analyst, an upside breakout will trigger a quick Ethereum rally, targeting its daily 200MA/EMA around $2,600.　　Besides Ethereum‘s technical setup, on-chain data and whale activity

05-14Industry

Fireblocks Connects RAW Signing to Cardano via Iagon

Tech　　Fireblocks Connects RAW Signing to Cardano via IagonFireblocks has integrated its RAW signing technology with Iagons enterprise Cardano nodes and Insights API for institutional access to ADA.The integration allows approved clients to create and sign custom ADA and Cardano Native Token transactions within Fireblocks MPC framework.Institutions can now delegate ADA to stake pools and participate in Cardano governance directly through the Fireblocks platform.Fireblocks Trust, regulated by the New York Department of Financial Services, provides qualified custody for supported clients.Iagon secured a $1.5 million ADA-denominated loan backed by 54 million IAG tokens to fund infrastructure development.　　Fireblocks has connected its RAW signing system with Iagon‘s enterprise Cardano nodes and Insights API for approved clients. The integration allows institutions to create and sign custom ADA and Cardano Native Token transactions within Fireblocks’ MPC framework. The update expands existing ADA custody support to include staking, governance, and token management inside a single regulated workflow.　　Fireblocks Expands Institutional ADA Capabilities　　Fireblocks enables institutions to construct custom transactions through RAW signing while securing private keys within its MPC structure. Instead of using preset templates, clients can define transaction parameters directly and execute them through the custody platform. As a result, firms gain operational flexibility while keeping assets secured

05-14Industry

Trump’s CEO-filled China visit can decide whether Bitcoin’s $80,000 risk rally survives this week

Bitcoin　　Trump‘s CEO-filled China visit can decide whether Bitcoin’s $80,000 risk rally survives this week　　Bitcoin is hovering just below $80,000 as President Donald Trump arrives in Beijing for a high-stakes meeting with Chinese leader Xi Jinping, turning the visit into a live test of whether the crypto markets latest risk rally has enough support to survive a difficult macro week.　　The trip comes as traders are already contending with hotter inflation data, rising Treasury yields, and a Bitcoin rally that has leaned heavily on derivatives positioning rather than deep spot demand.　　That combination has left the market unusually sensitive to headlines from Beijing, where any shift in trade, technology, or supply-chain policy could quickly feed through global risk assets.　　For Bitcoin, the China visit is less about direct digital-asset policy than the broader market signal it sends.　　A constructive meeting could ease fears of another round of escalation between the worlds two largest economies and help extend the risk-on bid that pushed BTC back toward $80,000.　　Conversely, a breakdown could have the opposite effect, forcing traders to reassess a rally already showing signs of strain.　　China visit becomes Bitcoins risk-sentiment test　　Trumps arrival in Beijing marks the first visit by a US president to China since 2017 and

05-14Industry

Singapore Dollar: Consolidation with preference to sell rallies – OCBC

Finance　　Singapore Dollar: Consolidation with preference to sell rallies – OCBC　　OCBC‘s Christopher Wong notes USD/SGD has risen with broader USD/AXJ but the move has been milder, reflecting Singapore Dollar’s (SGD) lower beta. Wong observes fading bearish momentum and moderated RSI, suggesting two-way trade. Wong highlights nearby resistance around 1.2720–1.28 and support near 1.2650, maintaining a preference to sell rallies while acknowledging SGDs sensitivity to external yields, Oil and sentiment.　　Lower beta SGD in two-way consolidation　　“USD/SGD rose, tracking broader USDAXJs higher.”　　“Move reflects SGDs lower beta characteristics but at the same time, SGD is not immune to external developments, including yields, oil and sentiments.”　　“Mild bearish momentum on daily chart is fading but rise in RSI moderated.”　　“2-way trades still likely. Resistance at 1.2720/40 levels (21, DMA, 61.8% fibo retracement of 2026 low to high), 1.2770”　　“Support at 1.2650/60 levels (76.4% fibo), 1.2610 levels. Bias to sell rallies preferred.”

05-14Industry

Tokenized Treasuries hit $15B record as Bitcoin stalls

Tokenized Treasuries hit a record $15.35 billion on May 13 as Fed rate-hike fears drove investors toward on-chain yield.Total value locked in tokenized Treasuries surpassed the previous mid-April peak of $15.10 billion, with rwa.xyz data confirming the $15.35 billion record on May 13.Aprils US CPI came in at 3.8% annually, sharply raising the probability of a Federal Reserve rate hike and weakening the case for near-term cuts.Circles USYC and BlackRocks BUIDL lead the sector, which has grown from $3.9 billion in early 2025 to exceed $15 billion in 16 months.　　Tokenized Treasuries reached $15.35 billion in total value locked on May 13, surpassing the previous mid-April peak of $15.10 billion, according to rwa.xyz data.　　The push came as markets began pricing in a higher probability of a Federal Reserve interest-rate increase, a sharp reversal from the rate-cut expectations that dominated earlier in 2026.　　“The June cut just got significantly harder to defend, and the allocator positioning we flagged, capital sat in BlackRocks BUIDL and tokenized T-bills rather than spot crypto, is going to look prescient by Friday,” Iggy Ioppe, co-founder of Polygon Ventures, said in an email.　　Aprils US CPI came in at 3.8% annualised, accelerating from 3.3% in March and raising the stakes

05-14Industry