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Fidelity International has launched its first fund token, the USD Digital Liquidity Fund (FILQ), The Block reported. The product is a blockchain-based version of an existing large-scale institutional liquidity fund. In an announcement on May 13, Moody's assigned the fund its highest rating of AAA-mf. The fund token follows the same investment strategy as an Ireland-based low volatility net asset value (LVNAV) fund with approximately $7 billion in assets.

Coinbase CEO Brian Armstrong has voiced his support for the CLARITY Act ahead of its review in the U.S. Senate. According to Cointelegraph, Armstrong stated that the bill has secured stronger bipartisan support than ever before. He noted that the banking and crypto industries have reached a level of agreement on the issue of stablecoin interest, following mediation by Senator Tillis and Representative Allsbrooks. While neither side is completely satisfied, Armstrong described the compromise as acceptable to all parties involved.

Whale Alert reported that 348,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $348 million.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.59% - Nasdaq: +1.2% - Dow Jones: -0.1%

Decentralized prediction market Myriad has adopted Chainlink (LINK) as its official oracle infrastructure, Decrypt reported. The integration will initially apply to prediction markets for BTC, ETH, BNB, and SOL, with plans to expand into real-world asset (RWA) markets in the future. The adoption of Chainlink enables Myriad to implement prediction markets with real-time settlement capabilities.

An X user (@cprkrn) announced the successful recovery of a Bitcoin wallet that had been inaccessible for over 11 years with the help of Claude AI. The user regained access to 5 BTC after uploading old computer files from their college years to the AI. Claude identified encrypted wallet data within the files, then analyzed and corrected an issue with the open-source recovery tool btcrecover to assist in decrypting the private key. The AI also successfully converted the key into the Wallet Import Format (WIF). The user noted that they had previously tried several commercial recovery services, paying around $250, but all attempts had failed.

MetaMask developer Consensys has postponed its plans for a U.S. initial public offering (IPO) until at least this fall, citing unfavorable market conditions, CoinDesk reported. The company had previously selected JPMorgan and Goldman Sachs as underwriters for the offering. Meanwhile, although several crypto companies have announced plans to go public this year amid improving regulatory clarity in the U.S., other major firms like Kraken and Ledger have also halted their IPO plans due to the prolonged market downturn.

Hyperliquid (HYPE) accounted for approximately 43% of all blockchain fees last week, generating around $11 million in revenue, The Block reported. The majority of this income was derived from perpetual futures trading. According to the report, Hyperliquid has significantly expanded its market share over the past year as traders have rapidly migrated to its dedicated infrastructure.

Short-term Bitcoin holders are showing clear signs of taking profits, according to an analysis by crypto analyst Amr Taha. In a contribution to CryptoQuant, Taha noted that since mid-April, these holders have deposited over 7,000 BTC to Binance in five separate transactions. He suggests this indicates they are securing profits from the current rally rather than anticipating further significant gains. The current selling pressure primarily stems from profitable BTC being moved onto exchanges, with relatively limited selling from holders at a loss. Taha also highlighted that deposits from short-term holders increased noticeably after BTC surpassed $75,000, concluding that the market is under repeated selling pressure from this group of investors.

The U.S. Senate has voted to confirm Kevin Warsh as the next Chairman of the Federal Reserve.

Lucy Rigby, the UK's Economic Secretary to the Treasury, stated that digital assets have the potential to completely transform the country's financial markets, Decrypt reported. Speaking at the FT Digital Asset Summit, Rigby said these assets would go beyond simple speed improvements to optimize capital flows and fundamentally change business models. She added that the government plans to drive industry growth while minimizing the regulatory burden.

French banking giant Societe Generale has deployed its stablecoins, EURCV and USDCV, on the Canton Network through its digital asset subsidiary SG-FORGE, Cointelegraph reported. The move is intended to support collateral management for asset tokens, repo (repurchase agreement) financing, and inter-institutional settlement and risk management workflows.

Metaplanet, often called Japan's MicroStrategy, has postponed its plan to list its Mars and Mercury preferred shares, citing the country's regulatory environment and infrastructure limitations, CoinDesk reported. The company currently holds 40,177 Bitcoin.

According to WisdomTree's BiG (Bitcoin in Gold) model, the current Bitcoin-to-gold ratio stands at 15.6, which is 26% below the model's fair value estimate of 21.1, CoinDesk reported. The analysis suggests that Bitcoin has the potential for a stronger rally than gold during periods of declining real yields or expanding liquidity.

BlackRock Chief Operating Officer (COO) Rob Goldstein said demand for cryptocurrency has exceeded the firm's expectations, Foresight News reported. Speaking during a Binance online stream, Goldstein discussed the market's reaction to the launch of its BTC ETF, IBIT, and outlined future strategies. He noted that global demand for IBIT was stronger than anticipated, viewing it not as mere speculative fervor but as a new value proposition based on emerging technology. Goldstein also predicted that the tokenization of capital market tools is still in its infancy and that future growth will be measured in multiples rather than percentages. He added that AI agents will eventually transact directly via digital rails, or blockchain infrastructure, instead of logging into traditional bank accounts. The biggest current obstacle, he pointed out, is a lack of investor education on the technical aspects of virtual assets and how to allocate them efficiently within a portfolio.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $383 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,990.01 on the Binance USDT market.

Veteran trader Peter Brandt has analyzed that the recent Bitcoin rally is merely a technical rebound within a classic downward channel, U.Today reported. Brandt emphasized three times that a bottom pattern for Bitcoin has not yet formed. He is focusing on a potential downward channel that began with the low in February, predicting that the price will fall back toward the lower boundary after hitting the top of the channel.

The U.S. House Financial Services Committee is considering a bill to amend the Federal Reserve Act, which would eliminate the Fed's dual mandate of maximum employment and price stability in favor of a single mandate focused only on price stability, according to Nick Timiraos of The Wall Street Journal. The proposed legislation would amend Section 2A of the act by removing the phrase "maximum employment, stable prices," leaving only "stable prices." Timiraos noted that it is worth considering whether the Fed would have cut interest rates last year if the bill had already been law.

The unrealized profit margin for Bitcoin traders has reached 17.7%, its highest level since June 2025, CryptoQuant reported. The analytics firm added that the last time this profit margin was reached while Bitcoin tested its 200-day moving average was in March 2022, immediately preceding a resumption of the market's downtrend.

BitMEX founder Arthur Hayes has recommended buying Bitcoin on dips around the $80,000 level, according to Crypto Briefing. Hayes views the recent downturn as a shakeout of retail investors driven by macroeconomic pressures, asserting that the long-term upward trend remains intact. He predicted that while BTC is facing pressure from shocks in U.S. CPI and PPI data, soaring Treasury yields will compel the Trump administration to expedite a trade agreement with China. While acknowledging the possibility of a short-term correction to $70,000, Hayes added that the price could target $250,000 if the Fed implements quantitative easing (QE).

Susan Collins, president of the Federal Reserve Bank of Boston, said that it may be necessary to raise interest rates to ease inflationary pressures.

The Ethena network has recorded its largest growth in three months, with new wallet creation reaching a three-month high, according to Santiment. Additionally, ENA whale activity has climbed to its highest level in five weeks.

Animoca Brands and Nuva Labs have officially launched NUVA, an Ethereum-based marketplace they jointly developed, CoinDesk reported. The platform connects $19 billion in real-world asset (RWA) tokens from Figure Technologies, issued on the Provenance blockchain, to the Ethereum DeFi market.