Kraken and Franklin Templeton partner to bring tokenized investment products onchain

Tech  Kraken and Franklin Templeton partner to bring tokenized investment products onchain  One of the largest crypto exchanges and one of the oldest asset managers in the US just decided to build something together. Payward Inc., the parent company of Kraken, is partnering with Franklin Templeton to develop tokenized investment products that live on blockchain rails.  The collaboration spans tokenized equities, actively managed yield products, and the integration of Franklin Templeton‘s BENJI money market fund into Kraken’s digital asset infrastructure.  What the partnership actually involves  First, Kraken will integrate Franklin Templetons BENJI money market fund as a collateral asset and cash management tool for institutional clients. Institutional traders on Kraken will be able to park cash in a tokenized money market fund and use it as collateral, rather than letting dollars sit idle in an account earning nothing.  Second, the two firms plan to develop actively managed onchain strategies under Franklin Templeton‘s brand. These are yield-focused products that will be managed by Franklin Templeton’s investment team but delivered through blockchain infrastructure.  Third, the partnership will tap into Paywards xStocks framework, which facilitates tokenized equity trading. That framework has processed over $30B in trading volume since it launched in 2025.  Initial access will be targeted at institutional clients. Retail

05-15Industry

Japan wholesale inflation jumps to 4.9% as import costs surge

According to a Bank of Japan (BOJ) report issued Friday May 15, Japan‘s wholesale prices jumped 4.9% year-on-year in April. This number exceeds the 3.0% gain economists had forecast and nearly doubled March’s revised 2.9%, as the Iran conflict drove a sharp rise in oil and petrochemical import costs, Reuters reported.  The corporate goods price index (CGPI), which tracks what companies charge each other for goods, caught markets off guard. But beyond the headlines, yen-denominated import prices were even more revealing. Import prices rose 17.5% in April from a year earlier, nearly double its pace in March at 8.0%.  The cause: The war in Iran and the closed Strait of Hormuz. The resulting effect has seen crude prices spike, the dollar trading higher against the yen, driving up costs for Japans fuel-dependent economy.  Japanese manufacturers and retailers are passing cost increases to consumers faster than in previous oil shocks, per Nikkei Asia. Prices for petroleum products, chemicals, metals, and food have all risen.  Snack maker Calbee switched to black-and-white packaging amid an ink shortage tied to petroleum-derived solvent scarcity. Auto parts makers face soaring aluminum and plastics costs. Tech suppliers are not left out, with Helium shortages biting hard.  Three BOJ dissenters wanted to hike

05-15Industry

Bitcoin Trading at a Discount on Coinbase: Is a Move to $76K Next for BTC?

Bitcoin  Bitcoin Trading at a ‘Discount’ on Coinbase: Is a Move to $76K Next for BTC?The Coinbase Bitcoin discount likely stems from stablecoin outflows rather than actual institutional sell pressure.Strategy continues buying Bitcoin as the market holds firm despite minor price differences across exchanges.  Bitcoin (BTC) showed resilience on Thursday by successfully defending the $79,000 level. However, some traders worry that upside momentum is stalling as Bitcoin on Coinbase trades at a discount relative to stablecoin pairs on international exchanges.  Coinbase discount likely driven by stablecoin outflows  While the indicator is often debated, it potentially suggests a lack of institutional buying demand, though the situation is likely more complex.  BTC/USD on Coinbase has maintained a 0.03% discount against Binance, OKX, and Bybit over the past week. This gap represents a notable shift from the 0.04% premium seen in April. This change in market structure happened even as Strategy (MSTR US) purchased 51,364 BTC during a three-week window.  Although a correlation exists between institutional activity and the Coinbase premium, stablecoin demand also impacts the metric. High volumes of traders moving from crypto back into fiat currency can cause stablecoins to devalue slightly against the dollar.  Consequently, these assets do not always trade at parity, which can distort the

05-15Industry

Bitcoin holds above $80,000 as stocks sink and Treasury yields climb on hot inflation data

Bitcoin  Bitcoin holds above $80,000 as stocks sink and Treasury yields climb on hot inflation data  Bitcoin is sitting above $80,000 while US stocks are having a rough day and Treasury yields are climbing. The catalyst: an inflation report that came in hotter than expected, sending bond markets into a minor panic and equity investors scrambling for the exits.  The interesting part isn‘t that stocks fell. It’s that Bitcoin didnt follow them down.  The numbers behind the divergence  Bitcoin is trading above $80,000 with resistance sitting near the $82,000 level. Thats a far cry from the lows near $60,000 the asset touched not long ago, and the recovery has been steady rather than euphoric.  The broader crypto market is showing moderate strength. The CoinDesk Market Index gained about 1.5%, while total crypto market capitalization rose to roughly $2.67 trillion.  Trading volume tells a calmer story. Bitcoins 24-hour volume fell 6.7% to about $34.7 billion.  Elsewhere in the crypto market, Ethereum posted gains of approximately 0.9% while Solana climbed around 4.5%. Other major tokens trended upward as well.  Why inflation data matters for Bitcoin  US 10-year Treasury yields climbed toward approximately 4.4%, driven by persistent inflation concerns baked into the latest economic data. Historically, rising yields and hotter inflation prints have

05-15Industry

BTC Price Prediction: $85K Breakout Imminent as Technical Consolidation Nears End

Market Context: Mid-Cycle Correction Phase  Bitcoin trades at $79,833 after a measured pullback from recent highs above $81K. The 1.47% daily decline represents healthy profit-taking rather than bearish capitulation, with price maintaining support above the critical 20-day SMA at $79,215. This support-retest behavior typically precedes breakout moves in trending markets.  Derivatives positioning remains balanced with funding rates at 0.0039%, indicating no excessive leverage buildup. The absence of extreme positioning on either side creates conditions for sustained directional moves once technical resistance breaks. Volume patterns show institutional accumulation continues despite short-term price weakness.  Technical Momentum Building  RSI at 56.10 occupies the optimal zone between oversold recovery and overbought extremes, providing room for upward expansion. The MACD histogram just turned positive at the zero line while building bullish momentum, signaling early-stage trend reversal dynamics. This combination historically precedes 5-10% price advances when combined with proper volume confirmation.  Bollinger Band positioning at 0.59 confirms price remains in the upper distribution range without reaching extended levels. The $1,855 daily ATR indicates volatility expansion potential, while the 50-day SMA at $74,736 provides medium-term trend support. These converging factors create a compressed coil pattern ready for resolution.  Resistance Levels and Breakout Scenarios  The immediate resistance cluster sits between $82,540 and $82,837, where the

05-15Industry

Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends

Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “Daily Dividend Company” and revealed it eliminated all debt in the first quarter of 2026.  The Vivek Ramaswamy-founded company said the Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. The payouts are funded by income generated from the companys Bitcoin treasury strategy.  Strive CEO Matt Cole said the move will make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylors Strategy, which has relied on perpetual preferred stock offerings such as Stretch (STRC) to fund its Bitcoin purchases while paying investors every two weeks.  “The rate at which innovation is happening in the digital credit space is fascinating to behold,” said Bitcoin For Corporations contributor Adam Livingston. Strategy executive chairman Michael Saylor called the daily dividends “impressive.”  Strives daily dividends mark another example of a Bitcoin treasury firm moving beyond a simple buy-and-hold strategy to remain competitive in the bear market.  This comes as Strive reported an unrealized net loss of $265.9 million for Q1. The company attributed the loss

05-15Exchange

HashKey Exchange Lists Hyperliquid (HYPE) for Professional Investors

Professional investors in Hong Kong now have a regulated route into Hyperliquid‘s on-chain perpetual futures market. HashKey Exchange, the licensed platform operated by HashKey Holdings (3887.HK), added Hyperliquid’s native token HYPE on May 14 and immediately began offering over-the-counter (OTC) trading for the token to its professional client base.  The move, detailed in the original report, places a high-throughput trading asset inside a compliance framework that many institutions prefer over unregulated offshore venues. Hyperliquid is a Layer 1 blockchain purpose-built for on-chain order book perpetual futures and spot trading. HYPE itself pays for transaction fees and grants holders protocol governance rights.  Regulated Access to a Derivatives-First Network  The listing fits a pattern: regulated exchanges are quietly building bridges to derivative-heavy protocols that previously operated almost entirely outside traditional gateways. Perpetual futures on Hyperliquid already handle billions of dollars in daily volume, but that activity has flowed through its own chain, not through licensed intermediaries. An OTC desk changes that. Professional investors who need auditable, compliant exposure can now access HYPE without using unlicensed platforms.  HashKey‘s OTC launch does not mean retail traders in Hong Kong suddenly get access. The city’s licensing regime draws a hard line between professional and retail clients, and this listing

05-15Industry

Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat

Technical Analysis  In the five-minute chart, GBP/USD trades at 1.3406, holding in a bearish near-term stance after slipping well below the days open at 1.3527, which now acts as overhead resistance. The elevated Stochastic RSI near 96 suggests the latest bounce is occurring in overbought territory within a broader intraday decline, hinting that upside attempts could remain capped while the pair trades under the early-session high ground.  On the topside, the days open around 1.3527 is the first meaningful resistance to watch, as a recovery above this area would be needed to ease immediate downside pressure. With no nearby structural supports identified on this micro timeframe, price action remains vulnerable to further weakness as long as sellers defend the area north of 1.35.  In the daily chart, GBP/USD trades at 1.3406, keeping a bearish near-term bias as spot holds beneath the 50-day exponential moving average (EMA) at 1.3481. The pair has retreated from recent highs and is now trading back under this key dynamic barrier, suggesting rallies are likely to face selling interest, while the Stochastic RSI easing towards the mid-40s hints that upside momentum is fading rather than rebuilding.  On the topside, immediate resistance is located at the 50-day EMA around 1.3481, and

05-15Industry

Dogecoin Leads Crypto Futures Activity as Bitcoin, Ethereum, and XRP Cool

Bitcoin Crypto Ethereum  Dogecoin Leads Crypto Futures Activity as Bitcoin, Ethereum, and XRP Cool  Dogecoin has overtaken Bitcoin, Ethereum, and XRP in futures market activity, according to the latest CoinGlass data.  Open interest in Dogecoin futures rose 5.09% over the past 24 hours. Open interest measures the total value of active derivatives contracts and is often used to track trader conviction and short-term market momentum.  Dogecoin Futures Volume Surged Nearly 44% on May 14, 2026. Source: CoinGlassDOGE Leads the Futures Market  Dogecoins futures open interest reached $1.79 billion, while daily futures volume climbed to $3.99 billion. That marks an 81.62% increase over the same period.  The contrast with the rest of the market is clear.  Bitcoin‘s open interest fell 0.36%, while Ethereum’s rose only 0.94%. Both assets were trading lower, with daily price declines of about 1.46%.  Solana showed weaker momentum. Its open interest dropped 5.96%, while its price fell 4.21%. XRP also lost traction, with open interest down 2.52% and price down 1.81%.  As a result, Dogecoin is standing out in a market where traders are reducing exposure to several major crypto assets.  The latest data suggests that traders are still willing to take leveraged bets on DOGE, even as risk appetite cools elsewhere.  That does not guarantee further upside,

05-15Industry

Render Network Powers 18K Art at NYC’s ARTECHOUSE

ARTECHOUSE NYC has achieved a remarkable milestone in immersive art, unveiling , a 270-degree, 18K-resolution exhibition powered by Render Networks decentralized GPU infrastructure. This collaboration enabled 16 artists to deliver highly detailed digital artworks in a fraction of the usual production time—just two months instead of the year or more typically required for such projects.  The exhibit, housed in a 100-year-old boiler room beneath Chelsea Market, features an 18K panoramic canvas with 44% more pixels than the 16K LED Sphere in Las Vegas. For context, most high-end displays today operate at 4K or 8K resolution. The computational demands of creating visual content at 18K—approximately 95 million pixels per frame—are staggeringly high, making this an achievement both artistically and technically.  How Render Network Transformed Production  Traditionally, rendering content at this scale would require centralized render farms or local GPU workstations, both of which have significant limitations. Local setups lack the processing power for high-density scenes, while centralized farms can become prohibitively expensive due to enterprise-grade hardware costs and licensing complexities.  Render Network overcame these challenges by leveraging its decentralized GPU infrastructure, which pools high-performance GPUs globally. This allowed artists to break past VRAM constraints, render in parallel, and reduce rendering times by up to 70x.

05-15Industry
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