Bitwise Data Shows Institutional Crypto Adoption Entering New Phase

The post Bitwise Data Shows Institutional Crypto Adoption Entering New Phase appeared first on Coinpedia Fintech News  The suits finally stopped pretending crypto was just a casino for internet gamblers. Institutional crypto adoption has officially crossed into the “too big to ignore” phase, and the latest Bitwise industry report makes that painfully obvious. Banks, asset managers, custodians and basically every financial giant that spent years side-eyeing blockchain are now elbow-deep in digital assets. And it keeps getting crowded which is good thing for the sector.  Wall Street Quietly Embraces Digital Asset Infrastructure  The “Crypto Adoption by Institutions” matrix reads like a traditional finance hall of fame. BlackRock, BNY Mellon, Goldman Sachs, and JPMorgan Chase are all actively participating across trading, custody, private funds, and crypto-enabled services. Funny how “magic internet money” suddenly became respectable once the fees started flowing.  Banks and crypto: better together. pic.twitter.com/WGZ34drnfK  — Bitwise (@Bitwise) May 8, 2026  But let‘s be real, this isn’t charity or ideological belief in decentralization. Institutions see tokenization as the next revenue machine. And honestly? The numbers back it up.  According to RWA.xyz data, Distributed Asset Value climbed to $30.95 billion, jumping 4.84% in just 30 days. Meanwhile, Represented Asset Value surged to $396.12 billion, showing that real-world assets

05-09

Gamma Prime Brought the Tokenized Capital Summit to Miami on May 4th, Showcasing Its Platform for Investors’ Dealflow

Gamma Prime, the coordination layer for the world private deal ecosystem focused on hard-to-access, non-correlated assets, hosted the Tokenized Capital Summit 2026 in Miami on May 4th. The event attracted more than 2,000 participants in person, including representatives from family offices, investment firms, and other institutional investors, while more than 90,000 people tuned in online through livestreams on X and YouTube.  The speaker lineup featured J.P. Morgan, Grayscale, Swift, Multicoin Capital, 21Shares, Coinbase, Robinhood, along with other industry leaders. Together, the speakers represented more than $25 billion in assets under management, positioning the Tokenized Capital Summit 2026 Miami as one of the key industry events of the year.  Gamma Primes Product  Gamma Prime operates a compliant and secure platform for private investing, built to give access to the networks of opportunities that are typically difficult to reach. The platform focuses on private markets, offering investors a practical way to diversify their portfolios beyond public markets and unavailable through traditional banks.  By adhering to regulatory requirements across multiple jurisdictions, Gamma Prime is developing into a global platform for hedge funds, venture capital, private equity, and other illiquid private assets. This approach enables funds to reach new institutional partners, family offices, and accredited investors worldwide, while

05-09

Anthropic Targets $1T Valuation as Investors Chase Claude’s Enterprise Growth

Anthropic is reportedly considering raising tens of billions of dollars as early as this summer to fund a sweeping expansion of its computing infrastructure. The fundraising could see the artificial intelligence companys valuation approach $1 trillion, potentially vaulting it ahead of rival OpenAI.  The developer of the Claude chatbot, valued at $380 billion in February, has drawn interest from investors including Dragoneer, General Catalyst, and Lightspeed Venture Partners as revenue accelerates. A report citing anonymous sources said Anthropics annualized revenue is expected to surpass $45 billion imminently, a fivefold increase from $9 billion at the end of last year.  “People are ready to throw any dollar amount at Anthropic,” one investor said. “It‘s just about when they want to say they’re ready.”  Sources familiar with the talks said Anthropic is exploring a raise of up to $50 billion at a pre-money valuation of about $900 billion. The round could close within two months, though terms have not been finalized, and the deal may not materialize. OpenAI was valued at $852 billion post-money in March after securing a record $122 billion round.  Chief Financial Officer Krishna Rao has been meeting with prospective backers, and existing investors have already begun requesting allocations despite the company not

05-09

Bittensor unveils TaonSquare, a directory for AI tools and services

Bittensor has launched TaonSquare, a directory that aggregates AI tools and services running on its decentralized network. Think of it as an app store, but for the sprawling ecosystem of AI applications that Bittensors subnets have been quietly producing.  What TaonSquare actually does  At its core, TaonSquare is a curated list of AI tools and services powered by Bittensor, designed for both building and exploring. It‘s a user-facing gateway into a network that has, until now, been far more legible to developers and miners than to the average person trying to use what they’ve built.  The network runs on independent subnets, each one essentially a specialized marketplace. Miners within those subnets produce AI outputs, things like language model responses and data analysis, off-chain. Validators then assess the quality of those outputs and reward contributors in TAO, the networks native token.  The directory is positioned as relevant to both developers looking to build on top of Bittensor‘s infrastructure and end users who want to explore what’s available.  Why this fits Bittensors bigger picture  The networks 2024 roadmap emphasized growing its base of validators and miners, the supply side of the equation. For 2025, the focus has shifted toward enterprise tool development, the demand side. TaonSquare fits squarely

05-09

Can XTZ Price Escape Its Multi-Year Downtrend?

The post Can XTZ Price Escape Its Multi-Year Downtrend? appeared first on Coinpedia Fintech News  Many traders had written off XTZ as a “ghost chain,” but Tezos surprised them with a genuine technical upgrade rather than a recycled roadmap. The launch of the Tezos X Previewnet on May 5 is suddenly putting the spotlight back on XTZ, especially as the token sits deep inside a historical demand zone around $0.35-$0.50.  And yeah, after a brutal decline since 2021, that‘s either the perfect accumulation range or the world’s longest crypto coma.  Tezos X Removes Bridges From Equation  Here‘s the interesting part. Tezos X isn’t another fragmented Layer 2 experiment. The Previewnet introduces a unified execution layer where EVM and Michelson contracts operate on the same ledger. In plain English: no bridges, no wrapped assets, and fewer moving parts waiting to implode during peak volatility.  The system allows atomic transactions across Solidity and Michelson contracts in one block. If one side fails, the entire transaction rolls back. Thats the kind of infrastructure pitch developers actually care about.  Tezos X Previewnet is live.  This testnet is your first chance to get hands-on with the Tezos X architecture, start building, start testing, and help refine the experience with your feedback.  Meanwhile, Tezos

05-09

Dollar Edges Lower As Traders Brace For Key Jobs Data

The U.S. dollar edged lower against a basket of major currencies on Friday as currency markets adopted a cautious tone ahead of the release of the March nonfarm payrolls report. Investors are closely watching the data for signals on the health of the labor market and the Federal Reserves next policy move.  Market Positioning Ahead of the Data  The dollar index, which measures the greenback against six major peers, slipped 0.2% in early European trading, settling near 104.3. The move reflects a wait-and-see approach among traders, who are reluctant to place large directional bets before the official release. The euro edged higher to $1.0850, while the British pound rose to $1.2670, as both currencies gained modestly against the weakening dollar.  The Japanese yen also firmed slightly, with USD/JPY falling to 151.2, as safe-haven demand supported the yen amid broader uncertainty over global trade and interest rate trajectories.  Why the Jobs Report Matters  The March nonfarm payrolls report, due at 8:30 a.m. Eastern Time, is expected to show the U.S. economy added 240,000 jobs, according to a Reuters poll of economists. The unemployment rate is forecast to hold steady at 3.9%, while average hourly earnings are projected to rise 0.3% month-over-month.  This data is critical because it

05-09

AMD and Intel hit ATHs as agentic AI demand lifts chip stocks

AMD and Intel shares climbed to new all time highs Friday as Wall Street continued to reward chipmakers tied to artificial intelligence infrastructure and rising demand for central processing units.  AMD rose about 9% to roughly $443, lifting its market capitalization to about $720 billion, while Intel gained about 14% to around $124, pushing its market value near $627 billion at press time.  The rally followed AMDs stronger than expected first quarter results earlier this week. The company reported revenue of $10.3 billion, up 38% from a year earlier, while data center revenue jumped 57% to $5.8 billion, driven by demand for AMD EPYC processors and the continued ramp of AMD Instinct GPU shipments.  Wall Street analysts have turned increasingly bullish on AMD after the report, with Reuters noting that at least 20 brokerages raised their price targets following the companys forecast and its expanding exposure to AI infrastructure demand.  AMD CEO Lisa Su told CNBC this week that agentic AI is accelerating demand across the compute market. “Agents are really driving tremendous demand in the overall AI adoption cycle, and we‘re very excited to be in the middle of it,” Su said during an interview on CNBC’s Squawk on the Street.  Intel‘s rally has

05-09

Largest Swiss Bank Loads Up on Strategy (MSTR)

UBS Group, the largest bank in Switzerland with $6.6 trillion in assets, has significantly increased its bet on the digital asset ecosystem. According to the latest disclosures, the banking titan has solidified its position as a major institutional holder of MicroStrategy (MSTR), often viewed as a corporate proxy for Bitcoin.  A billion-dollar bet  The Swiss giant recently disclosed the purchase of an additional 551,121 shares of MicroStrategy, a move valued at approximately $98 million.  This latest acquisition brings UBSs total holdings to 6.31 million shares, representing a massive $1.12 billion position in the Bitcoin treasury company.  Largest Swiss Bank Loads Up on Strategy (MSTR)  Ethereum (ETH) Could Hit $12K This Year, Lee Predicts  The banks accumulation of MSTR has been aggressive throughout 2026:  UBS held 2.52 million shares valued at $415 million as of January. In February, the bank nearly doubled its stake, adding 3.23 million shares to reach a total of 5.76 million shares ($805 million). In May, total holdings surged to 6.31 million shares ($1.12 billion).  XRP exposure  The move into MicroStrategy is part of a broader institutional pivot toward digital assets for UBS.  Newly surfaced SEC Form 13F filings reveal that the bank has also officially disclosed exposure to XRP. The dollar amounts are relatively small for

05-09

Oxford study finds warmer AI chatbots tell more lies

Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more oftenOxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors.Warmer chatbots were 40% more likely to agree with users false beliefs, especially when users expressed vulnerability or emotional distress.OpenAI has already rolled back some warmth-related changes following public concern, but commercial pressure to build engaging AI remains strong.  Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often, according to a study published in Nature by the Oxford Internet Institute.  The research analyzed more than 400,000 responses from five AI models, including Llama, Mistral, Qwen, and GPT-4o, each retrained to sound friendlier using methods similar to those deployed by major platforms.  Chatbots trained to sound warmer made between 10% and 30% more mistakes on topics including medical advice and conspiracy corrections. They were also about 40% more likely to agree with users false beliefs, particularly when users expressed vulnerability.  “When we train AI chatbots to prioritise warmth, they might make mistakes they otherwise wouldnt,” lead author Lujain Ibrahim said in a statement. “Making a chatbot sound

05-09

Ripple-linked XRP pushes toward $1.40 as tightening range lowers breakout chances

XRP keeps grinding toward the top of its recent range, and the move is starting to matter more because liquidity has thinned out while price keeps compressing underneath resistance. That combination tends to make breakouts sharper once the market finally picks a direction.  News Background  • Analysts continue pointing to longer-term bull flag and falling wedge patterns that resemble setups seen before previous XRP rallies.  • XRP ETF inflows and thinning Binance liquidity have added to speculation that the market is entering a higher-volatility phase after weeks of sideways trading.  Price Action Summary  • XRP traded in a tight 1.4% range between $1.3787 and $1.3948 over the 24-hour session.  • A late-session push lifted price from $1.3879 to $1.3930 on a 1.45M volume spike, breaking above the immediate consolidation ceiling.  • Support repeatedly held between $1.3825-$1.3870, while sellers continued defending the $1.3930-$1.3950 zone.  Technical Analysis  • The market has spent weeks compressing between support near $1.38 and resistance just below $1.40, with volatility continuing to tighten.  • Volume expanding into the latest move higher matters because thin liquidity conditions tend to exaggerate price reactions once resistance finally gives way.  • XRP is still stuck below larger breakout levels near $1.47 and $1.50, but repeated tests of resistance usually weaken seller control

05-09
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