Senate Banking Committee Advances CLARITY Act in 15-9 Vote, Setting Up Historic Floor Showdown

The US Senate Banking Committee voted 15-9 on Thursday to advance the Digital Asset Market Clarity Act, clearing the most significant procedural hurdle yet for comprehensive crypto market structure legislation and setting up a full Senate floor vote in the coming weeks.  All 13 Republican members of the committee were joined by Democrats Ruben Gallego and Angela Alsobrooks in voting to send the bill forward, while nine Democrats voted against. The markup followed more than 100 amendments filed by senators on both sides of the aisle in the days leading up to the vote, with Ranking Member Elizabeth Warren alone filing over 40.  Committee Chair Tim Scott opened the session by framing the bill as focused on consumer protection, keeping crypto innovation onshore, and safeguarding US national security interests in digital assets. Warren countered that the legislation was “written by the crypto industry for the crypto industry” and accused Republicans of moving to “grease the skids” for President Donald Trump‘s crypto-related business interests. “Nothing made it into this bill that wasn’t approved by the crypto industry,” Warren said.  Senator Cynthia Lummis, a leading Republican advocate for the legislation, pushed back, describing CLARITY as a “pro law enforcement” and “pro consumer” framework. Democratic Senator

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State Street’s tokenized fund servicing is the boring infrastructure shift that actually matters

State Street is wiring its Luxembourg fund stack so tokenized fund units run on the same custody, NAV and TA rails as traditional funds, turning RWAs from brochure‑ware into production infrastructure.By end‑2026, State Street will let clients issue and service “digitally native” fund structures from Luxembourg via its Digital Asset Platform, alongside conventional funds in one operating model.Tokenized fund shares will plug into existing NAV, custody, transfer‑agency and compliance workflows, closing a “glaring hole” that kept RWA pilots stuck in walled gardens with fuzzy legal settlement.If this works, European managers can launch tokenized share classes and feeders with full legal finality, while DeFi protocols interface with assets custodied by a systemically important bank, not a sidecar startup.  State Street is wiring its Luxembourg fund stack to treat tokenized fund units as first‑class citizens, not side projects, and thats a much bigger deal than another “bank experiments with RWAs” headline suggests.  State Street heads into 2026 with a buzz  State Street Corporation has said it intends to deliver a “tokenized fund servicing capability” from Luxembourg by the end of 2026 through State Street Investment Services, extending its existing fund administration, custody and transfer‑agency services to “support digitally native fund structures alongside traditional funds within

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Anthropic Partners with Gates Foundation in $200M AI Initiative

Anthropic, the $380 billion AI research giant behind the Claude language model, has announced a $200 million partnership with the Bill & Melinda Gates Foundation. The four-year collaboration aims to deploy AI-driven solutions in global health, education, and economic mobility, focusing on underserved regions and high-impact challenges.  This partnership will combine Anthropic‘s technical expertise with the Gates Foundation’s decades of experience in health and development. The funding includes grants, usage credits for Anthropic‘s Claude AI, and engineering resources to build tools and datasets. The collaboration highlights Anthropic’s growing focus on using AI for public benefit, a strategy led by its Beneficial Deployments team.  Global Health and Life Sciences  The largest share of the partnerships resources will target global health initiatives. A key focus is improving health outcomes in low- and middle-income countries, where 4.6 billion people lack essential healthcare services. Anthropic and the Gates Foundation plan to use AI to accelerate vaccine and therapy development, optimize health data usage for government decision-making, and enhance disease outbreak detection.  Claude will play a pivotal role in healthcare research, helping scientists screen drug candidates for neglected diseases like polio, HPV, and preeclampsia. For example, HPV, which causes around 350,000 deaths annually—90% of which occur in low-income regions—will

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ZachXBT: THORChain Hit by Over $10M Multi-Chain Exploit

Hackers are reportedly shifting assets across Bitcoin, Ethereum, BNB Chain, and Base.The incident first popped up on Telegram channels tied to ZachXBT, and then on X.ZachXBT also reported that after this incident, THORChain paused trading.  Cross‑chain liquidity protocol THORChain appears to have been hit by a big hack affecting multiple blockchains, according to on‑chain sleuth ZachXBT and other crypto intelligence accounts tracking suspicious fund movements.  Early estimates put the stolen funds at over $7.5 million, and the hackers are reportedly shifting assets across multiple chains such as Bitcoin, Ethereum, BNB Chain, and Base.  The incident first popped up on Telegram channels tied to ZachXBT, then spread further when crypto intel accounts on X picked it up.  ZachXBT later publicly responded on X, confirming that suspicious money movements tied to the hack are still being tracked. After additional efforts, he then also stated that the money stolen is actually over $10 million.  The on‑chain investigator also reported that after this incident, THORChain paused trading. There are still no official statements or details on how the hack happened.  THORChains Vulnerability to Cross-Chain Risk  THORChain works differently from most DeFi platforms since it focuses on native cross‑chain swaps and routing liquidity across blockchains.  Unlike protocols that only run on one blockchain,

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Hyperliquid Token Price Jumps 23% in a Day: Can The Bullish HYPE Sustain?

HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025.  What is driving the sudden HYPE rally, and does the token have enough momentum to extend its bull run in the coming days?  Key takeaways:This week‘s multiple US spot HYPE ETF launches have strengthened the token’s institutional-demand narrative.Coinbase becoming Hyperliquids USDC treasury deployer boosts HYPE prices.  HYPE ETF launches fuel institutional demand hopes  The biggest immediate catalyst behind HYPEs rally appears to be the arrival of US-listed Hyperliquid exchange-traded products.  On Friday, Bitwise launched its spot Hyperliquid ETF, trading under the ticker BHYP on the NYSE.  The fund gives investors regulated exposure to HYPE and intends to stake a portion of its holdings through Bitwises in-house staking division. Its sponsor fee is set at 0.34%, with a full waiver for the first month on the first $500 million in assets.  The launch follows 21Shares Hyperliquid ETF, THYP, which debuted on Nasdaq on Tuesday.  A day later, onchain data resource Lookonchain claimed that wallets linked to venture capital firm a16z had purchased nearly $67.5 million worth of HYPE tokens.  The purchases reportedly took place in the month leading up to

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SolarEdge (SEDG) Stock Rockets Nearly 20% on Tax Credit Rush and Revenue Growth

SolarEdge Technologies, Inc., SEDG  The upward momentum stemmed largely from anticipation of a surge in commercial solar system orders prior to the July 4 safe-harboring cutoff established under the One Big Beautiful Bill Act. This legislation enables projects to secure a 30% federal investment tax credit by stockpiling equipment before the specified date.  Wider regulatory tailwinds across the renewable energy landscape also boosted solar equities throughout the trading day, amplifying SEDGs upward trajectory.  The companys shares have now appreciated 74% since the beginning of the year, while delivering a remarkable 141% return over the trailing twelve-month period.  First Quarter 2026 Financial Performance  SolarEdge delivered Q1 2026 revenues totaling $310 million, marking a 46% expansion compared to the corresponding quarter in the prior year. This figure surpassed Street expectations of $307.3 million.  The per-share earnings metric, conversely, disappointed investors. SEDG recorded an EPS of -$0.43 versus the consensus estimate of -$0.28, representing a negative variance of 53.57%.  Management also provided forward guidance indicating breakeven operating profitability for Q2 2026 — a significant inflection point that market observers view as credible.  These strengthening business fundamentals are triggering upward revisions to SolarEdges earnings outlook. According to InvestingPro data, thirteen analysts have recently elevated their estimates for the forthcoming quarter.  Wall Street Perspective  Not

05-16

EToro beats expectations as net income jumps 37% in first quarter

EToro delivered a record quarterly performance in the first quarter of 2026 as strong commodities trading and expanding product offerings fueled growth across the platform.  The company reported net contribution of $258 million, a 19% increase from the prior year, while net income rose 37% to $82 million. Adjusted EBITDA climbed 35% to $109 million, supported by increased trading activity and customer engagement.  Funded accounts exceeded 4 million, up 12% year over year, and assets under administration grew to $17 billion. EToro also reported holding $1.3 billion in cash, cash equivalents, and short-term investments at the end of March.  Product launches accelerate across AI and trading  CEO Yoni Assia said the quarter combined strong financial execution with accelerated innovation across AI, trading, crypto, and wealth management products. The company launched 24/7 trading for select assets, enhanced access to Japanese equities, and introduced crypto trading for users in New York.  AI initiatives played a central role in the companys product strategy during the quarter.  The company launched an in-platform App Store for trading and analytics applications, introduced AI-powered Agent Portfolios, and deepened integration between its AI assistant Tori and xAIs Grok technology.  Expansion into crypto and wealth services  The company also expanded its wealth and payments businesses. UK cash

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JPMorgan discloses Solana ETF holdings: Is institutional interest in SOL rising?

Institutions continue to stack more crypto either directly or through ETFs. Recently, JPMorgan Chase and Dartmouth College released their new Solana ETF holdings to the public.  With the crypto market structure bill passing the Senate Banking Committee, adoption can only go higher. However, the bill has passed the most critical level but has yet to be signed into law.  Institutional accumulation of Solana ETFs  As per the latest Q1 13F filing, JPMorgan Chase disclosed that its Solana ETF position was at $523K. The banking institution was accumulating Bitwises Solana Staking ETF.  Dartmouth College added to their SOL ETF stake, but their holdings in Bitcoin [BTC] and Ethereum [ETH] remained unchanged. The filing revealed the institution added $3.30 million, taking their total crypto exposure to $14.50 million.  These positions meant that Bitwises Solana Staking ETF was gaining more traction. It is the largest, with total inflows hitting $900 million. More than $677 million has flowed in post-launch, while the ETF bought $223 million at seed to start operationalizing.  On a larger scale, all SOL ETFs are seeing a positive inflow streak in May. This month, more than $90 million has been bought. The largest inflow of $26.57 million occurred on the 12th of May.  Source: Blockworks  In total, the

05-16

Musicow and Injective (INJ)Bring Music IP Onchain for Global Access

Musicow has joined forces with Injective (INJ)to bring music intellectual property (IP) rights onchain, aiming to make the asset class accessible to investors and fans globally. The partnership positions music IP—a $47.2 billion market as of 2024—alongside tokenized equities, real estate, and other onchain real-world assets (RWAs).  Musicow, a South Korean pioneer in fractional music ownership, has facilitated over $293 million in music IP transactions since 2017 through its platform. The company allows fans to invest in royalty rights tied to popular songs, receiving income from streaming and other revenue streams. With a U.S. presence launched in 2025 under a regulated structure, Musicow is now expanding its global reach through Injectives blockchain infrastructure.  Why Music IP Matters as an Asset Class  The music industry continues to grow as a cultural and financial powerhouse. Global recorded music revenue reached $31.7 billion in 2025, marking its 11th consecutive year of growth. The combined value of recorded and publishing rights nearly doubled over the past decade to $47.2 billion in 2024. By 2035, Goldman Sachs estimates the broader music market—including live events—will hit $200 billion, creating a strong case for music IP as a scalable, yield-generating, and non-correlated asset.  Institutional investors have already validated music IP‘s financial

05-16

Week Ahead: Nvidia (NVDA) Earnings, Inflation Fears, and Ackman’s Microsoft (MSFT) Move

Nvidias quarterly results arrive next week amid sky-high expectations for AI chip salesTreasury yields are climbing as inflation persistence worries mount, weighing on tech valuationsCrude oil rallies on Middle East tensions, compounding inflation headachesRetail giants Walmart, Home Depot, and Target deliver earnings that will reveal consumer strengthPershing Squares Bill Ackman reveals a substantial new Microsoft stake, praising its attractive pricing  A pivotal week lies ahead for market participants as multiple crucial narratives intersect. AI investment momentum, persistent inflation, commodity volatility, consumer spending trends, and high-profile portfolio moves are all commanding attention simultaneously. Heres your essential briefing.  Nvidia: Moment of Truth for the AI Revolution  The spotlight this week centers squarely on Nvidias quarterly financial disclosure. This semiconductor powerhouse has emerged as arguably the most consequential stock in the entire S&P 500 index, propelled by extraordinary appetite for its datacenter processors that power artificial intelligence platforms.  Anticipation is running exceptionally high. The company‘s shares have ranked among the market’s elite performers throughout the past twelve months. Consequently, the threshold for triggering a favorable market response has been pushed considerably higher.  Should Nvidia post impressive figures and elevate its forward outlook, the entire AI investment thesis could receive renewed validation and energy. Conversely, underwhelming results risk triggering

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