Crypto Industry News & Market Trends

Canada: Trade outlook stabilizes with energy boost – RBC

Royal Bank of Canada (RBC) economist Nathan Janzen notes that higher Oil and Gold exports pushed Canadas trade balance back into surplus in March, even as non-energy exports remain under pressure from U.S. tariffs. He highlights weak volumes in tariffed steel and lumber, but improving motor vehicle exports and strong equipment imports that signal firmer domestic demand and business investment.　　Energy-led surplus offsets tariff headwinds　　“The surge in oil prices and another jump in gold exports were the main factors pushing Canadas trade balance back into surplus in March.”　　“Beyond those products, the data was mixed but broadly consistent with an external demand backdrop still under pressure from U.S. tariffs, but also still showing signs of stabilization.”　　“Excluding price impacts exports still declined by an annualized 2.4% in Q1 as a whole — exports of (heavily tariffed) steel and lumber products were still running 50% and 22%, respectively, below year ago levels.”　　“A surge in Q1 imports leaves net trade tracking a large 4 ppts from Q1 GDP growth, but also is consistent with offset from relatively resilient domestic demand, including a 17% (annualized rate) increase in industrial equipment and imports — a positive sign for Canadian business investment.”　　“Significant trade uncertainty remains with negotiations on

05-06Industry

Silver price slips as fragile momentum, hawkish Fed outlook weigh

Silver (XAG/USD) trades lower on Tuesday, hovering around $73.05 at the time of writing, down 0.65% on the day, as the white metal struggles to gain traction despite a modest pullback in the US Dollar (USD). The softer Greenback offers limited support, with investors remaining focused on the outlook for interest rates and global growth.　　Geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, continue to fuel concerns over energy supply disruptions. Elevated Oil prices are reinforcing inflation fears, which in turn support expectations that central banks will maintain restrictive monetary policies for longer. This environment reduces the appeal of non-yielding assets such as Silver, even as the US Dollar shows signs of weakening.　　The Federal Reserve (Fed) is expected to remain cautious, with markets still pricing in a risk of further tightening or, at the very least, delayed rate cuts. While a softer US Dollar typically supports precious metals, the impact is currently offset by elevated US Treasury yields and persistent inflation concerns.　　Analysts at OCBC Bank emphasize Silver‘s relatively fragile setup compared to Gold (XAU/USD). The bank notes that “momentum remains soft following a failed breakout, and rallies are likely to be sold unless the US Dollar, Treasury

05-06Industry

State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain

State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said Tuesday.　　The State Street Galaxy Onchain Liquidity Sweep Fund, trading under the ticker SWEEP, allows large investors to park stablecoins into a fund that generates yield, while keeping the ability to move in and out at any time. Unlike traditional money market funds that operate during market hours, the new structure runs continuously on blockchain infrastructure.　　The market for tokenized funds has grown quickly over the past year, led by products like BlackRocks BUIDL, which packages short-term U.S. Treasury exposure into a blockchain-based token. BUIDL has attracted billions of dollars, signaling that institutions are willing to hold tokenized versions of familiar instruments when the structure meets compliance and liquidity needs.　　Other firms, including Franklin Templeton and now State Street with SWEEP, are building similar products, each experimenting with different blockchains and investor access models.　　SWEEP launches on the Solana (SOL) blockchain, with plans to expand to Ethereum (ETH) and Stellar (XLM). Galaxy provides the underlying tokenization system, while Anchorage handles custody of digital assets and State Street oversees traditional securities held in

05-06Industry

Iggy Azalea Faces Lawsuit Over Solana Meme Coin

The lawsuit claims Iggy Azaleas meme coin, MOTHER, was marketed with misleading promises.Investors point to failed integrations, including casino and telecom use.The Solana-based token has fallen more than 99% from its peak.　　Rapper Iggy Azalea is facing a class action lawsuit in federal court in New York over allegations that she misled investors about the utility and development of her Solana-based meme coin, which trades as MOTHER.　　The complaint, filed Tuesday in the U.S. District Court for the Southern District of New York, accuses Azalea of promoting the token as having real-world use cases and commercial integrations that did not materialize, leading to investor losses.　　“This case is not about ordinary volatility in a cryptocurrency or the inherent risk that a speculative digital asset may decline in value,” the plaintiffs attorneys said. “It is about a celebrity-led promotional campaign that induced consumers to purchase and hold a digital token through specific, material representations about real-world utility, commercial integrations, institutional market maker support, and continuing development.”　　The plaintiff, Wisconsin resident Kenneth Kolbrak, is seeking damages on behalf of investors who purchased Azaleas meme coin and lost money. He claims he bought the token after seeing statements about its utility and would not have done so,

05-06Industry

Bullish (BLSH) Stock Jumps 17% on $4.2B Equiniti Acquisition Deal

Under the leadership of Tom Farley, formerly president of the NYSE, the crypto exchange debuted on the New York Stock Exchange in August 2025 with an opening price of $90 per share. Even with Tuesdays rally, shares remain 46% below that initial listing price.　　As a prominent transfer agent, Equiniti manages financial documentation and executes critical transactions for companies with publicly traded securities. Its roster of clients features Berkshire Hathaway, Moodys, and Rolls-Royce.　　The firm provides services to more than 20 million authenticated shareholders and handles approximately $500 billion in payments each year. Equinitis current portfolio includes roughly 3,000 publicly listed corporations worldwide.　　According to Bullish, the acquisition provides access to essential regulated infrastructure that every public company requires: a licensed transfer agent. This component has long been viewed as a critical gap preventing broader institutional participation in blockchain-powered capital markets.　　Strategic Rationale Behind the Acquisition　　The newly formed entity will deliver comprehensive tokenization capabilities. These include continuous 24-hour securities trading, payments utilizing tokenized U.S. dollar stablecoins, and immediate settlement mechanisms.　　“Tokenization represents a once-in-a-generation transformation in capital market operations,” Farley stated in the companys announcement.　　He emphasized that achieving widespread institutional adoption demands comprehensive tokenization, a single unified ledger, and strong relationships with issuers. “This merger

05-06Industry

Securitize, Jump and Jupiter unveil first institutional-grade onchain secondary market for real stocks

Real-world asset trading stack trio, including Securitize, Jump Trading Group, and Jupiter, have joined forces to launch a fully regulated system for trading tokenized equities onchain, according to a Tuesday announcement.　　The effort aims to move tokenization beyond mere issuance into full-lifecycle trading, allowing equities to be issued, distributed, and exchanged on secondary blockchain rails while remaining strictly within existing regulatory frameworks.　　As part of the launch, Securitize provides the regulatory backbone, operating as an SEC-registered broker-dealer, an alternative trading system, a transfer agent, and KYC-gated wallet infrastructure.　　Tokenization has reached a point where the focus is no longer on onchain issuance, but on enabling assets to trade at scale under public-market standards, as noted by Securitize CEO Carlos Domingo.　　He said the collaboration shows that liquidity, access, and compliance can coexist within existing regulatory frameworks, a combination he said is key to unlocking adoption by issuers, investors, and regulators.　　Jump Trading Group supplies liquidity via its PropAMM system on Solana, offering spreads of roughly 1 to 5 basis points that compete with traditional equity venues. Jupiter serves as the user-facing entry point, giving millions of its active wallets a familiar DeFi interface to access and trade tokenized shares.　　According to Jump Trading, the effort is

05-06Industry

XRP Evernorth adds OpenAI Foundation CFO

XRP Evernorth has named Robert Kaiden, CFO of the OpenAI Foundation, to its board of directorsXRP 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 as independent directors.　　The appointments were announced on May 4. XRP Evernorth is targeting a Nasdaq listing under the ticker XRPN, positioning itself as a publicly traded vehicle for institutional XRP exposure. The addition of Kaiden in particular connects the company directly to one of the most prominent AI organisations in the world.　　Board composition signals institutional intent　　Kaiden‘s appointment is notable given the OpenAI Foundation’s profile in Washington and Silicon Valley. His financial oversight background gives XRP Evernorth a credible voice on governance and capital markets strategy as it prepares for public scrutiny. Institutional appetite for XRP-linked products has grown sharply since Ripples legal dispute with the

05-06Industry

Ripple Former CTO Breaks Silence On Allegations of Selling XRP For Company Profit

Ripple CTO Emeritus David Schwartz has addressed renewed criticism of the relationship between Ripple and XRP. He responded directly to arguments that the company is unfairly benefiting out of the sale of tokens.　　Ripples David Schwartz Responds To Allegations Around XRP Sales　　The debate started on X when one user asked why the retail participants are unable to get equity in Ripple itself instead of XRP. “The one issue I have with Ripple, let us have access to the ripple stock NOW or you are just selling us a coin for your companys profit,” the post read.　　Schwartz disagreed with the narrative. He spotlighted regulatory obstacles related to conventional equity markets and dismissed claims of selling XRP for the companys profit. “There really is no practical way for Ripple to do that under the law,” he said.　　“Ripple stock is, without doubt, a security,” Schwartz added. The statements have garnered attention, especially after he previously expressed disbelief over predictions of XRP price surging to $10,000.　　Schwartz further said that those who wanted to have access to the company‘s stock can do so via secondary markets. He wrote, “”If you want direct exposure to Ripple’s success or failure, you can buy Ripple stock on the secondary

05-06Industry

Solana Price Prediction: SOL Breakout Watch as Bulls Eye $100

Solana is holding near $85 as two daily charts show price tightening above the $80 to $85 support area. Analysts now point to $100, $125, and even $135 to $145 as possible upside zones if SOL breaks above nearby resistance.　　Solana Holds Near $85 as Chart Shows Early Recovery Setup　　Solana traded near $85.04 on the daily SOL/USD chart shared by WebTrend, while price continued to move sideways after a sharp decline from the November and January highs.　　The chart shows SOL holding above the $80 to $85 area after forming two rounded support reactions. The first appeared near the February low, while the second formed around early April. These reactions suggest sellers lost some pressure near the same lower price zone.　　Solana Base Recovery Chart: Source:　　SOL remains below the larger moving average structure, including the long-term purple line near the $115 to $120 area. That keeps the broader trend under pressure, even though the short-term chart has started to flatten.　　The green target box sits around the $135 to $145 zone. For SOL to move toward that area, price first needs to break above the nearby resistance around $90 to $100, where previous candles rejected in March.　　A clean move above that zone would give

05-06Industry

Republic Joins XDC Network Validator Set, Signaling Institutional Momentum

Republic has joined XDC Network as an institutional validator, adding another established financial technology institution to the blockchains validator group as it expands its role in trade finance and real-world asset tokenization.　　Under the partnership , Republic will operate masternodes responsible for helping secure XDC Network and validate on-chain transactions. The announcement links Republic more directly to the technical systems behind blockchain-based financial applications, particularly those designed for institutional markets.　　XDC Network is an enterprise-grade layer-one blockchain built for global trade and finance. Its architecture supports real-world asset tokenization, cross-border settlement, trade finance applications, stablecoins, and institutional decentralized applications.　　For Republic, the validator role deepens its exposure to blockchain systems beyond marketplace services, tokenization, asset management, advisory, and staking operations.　　said Jeffrey Vier, Head of Tokenization at Republic.　　Republic Brings Institutional Backing to XDCs Validator Set　　Validators play a core role in proof-of-stake and masternode-based blockchain networks. They help confirm transactions, support network uptime, and contribute to the trust model behind on-chain activity.　　Republics participation comes as XDC Network continues to add institutional validators to its ecosystem. Recent validator additions include HashKey Cloud and UOB Venture Management.　　Shanlong James Chen, Head of Strategic Investments at XVC Tech, the venture capital arm of XDC Network, said Republic‘s participation supports

05-06Industry

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