digital

According to Coinshares data, digital asset investment products saw a net inflow of $857.9 million last week, marking the sixth consecutive week of positive inflows.Driven by favorable factors such as the CLARITY Act's stablecoin yield compromise, Bitcoin broke through $80,000 mid-week, and total assets under management (AuM) rose to $160 billion. In terms of asset performance, Bitcoin led with an inflow of $706.1 million. The participation of altcoins significantly expanded, with Ethereum, Solana, and XRP seeing inflows of $77.1 million, $47.6 million, and $39.6 million, respectively.

According to Bloomberg, on the eve of the Senate Banking Committee's upcoming review of the digital asset bill, banking groups are proposing last-minute modifications to the compromise on stablecoin yields, aiming to completely ban stablecoin issuers from offering any form of rewards, rather than the previously allowed model of "users receiving rewards when actively using stablecoins."Six banking lobbying groups, including the American Bankers Association, stated in a letter that the exception clause in the senators' compromise would "harm deposits." The crypto industry quickly countered, with Coinbase Chief Legal Officer Paul Grewal stating on the X platform that the banking industry's proposal is not a "narrow adjustment," but rather aims to "stifle competition." Senators Angela Alsobrooks and Thom Tillis, who previously facilitated the compromise, issued a joint statement disagreeing with the banking industry's position, emphasizing that the compromise also allows crypto companies to offer other forms of customer rewards, and most importantly, provides a bipartisan path for the passage of the CLARITY Act.

According to Bloomberg, citing informed sources, Canton Network developer Digital Asset Holdings LLC is raising funds at a valuation of approximately $2 billion, with a16z crypto leading this round of about $300 million, expected to be completed in the coming weeks.Canton Network is a public blockchain that allows users to keep some information private and is positioned as suitable for mainstream financial transactions. Digital Asset previously completed a $135 million funding round in June 2025, led by DRW Venture Capital and Tradeweb Markets; in December of the same year, it raised another $50 million from institutions such as BNY Mellon, Nasdaq, and S&P Global.

Galaxy Research Research Director Alex Thorn published a post disclosing that Galaxy Research released a latest report rebutting the banking industry's assertion that the GENIUS Act will impact U.S. bank deposits, and provided quantitative estimates.The core findings of the report are as follows: Under the framework of the GENIUS Act, 60% to 70% of the incremental stablecoins will come from overseas, with the inflow of overseas deposits being about twice the amount of domestic deposit migration, indicating a net increase overall rather than a transfer of existing stock; each newly minted GENIUS stablecoin can generate approximately 32 cents of net credit for the U.S. economy; by 2030, under the baseline scenario, the total scale of credit expansion is about $400 billion, and in an optimistic scenario, it could reach $1.2 trillion.In addition, the short-end yield on U.S. Treasuries (T-bills) will be compressed by 3 to 5 basis points, potentially saving taxpayers up to $3 billion in borrowing costs each year. The report also points out that the interest pass-through mechanism does not pose a survival threat to the U.S. banking industry; it is merely a redistribution of profit margins and will not reduce overall credit capacity.

According to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee will review H.R.3633, the "2025 Digital Asset Market Clarification Act," at 10:30 AM Eastern Time on May 14. Committee members will vote on the bill text and related amendments at that time.If the bill is passed, the Banking Committee version will be merged with the portion handled by the Senate Agriculture Committee into a final version, which will then be submitted for a full Senate vote.

The Bitcoin-supported digital credit protocol Saturn Credit has completed a $2 million seed round of financing, led by The Spartan Group, with participation from Anchorage Digital and Susquehanna Crypto.It is reported that Saturn Credit is a stablecoin protocol built on the Strategy company STRC, set to launch in March 2026. Saturn Credit adopts a dual-token system: USDat is a non-interest-bearing stablecoin, supported by tokenized U.S. Treasury bonds through the M token, licensed and pegged 1:1 with USDC; sUSDat is an ERC-4626 interest-bearing vault that accumulates STRC dividends, with an exit queue of 3 to 7 days.

According to Bloomberg, as crypto-native companies like Coinbase continue to lay off employees on a large scale and the industry as a whole is in a downturn, traditional financial institutions such as JPMorgan and BlackRock have recently bucked the trend by posting dozens of digital asset-related positions, becoming a major highlight in the current crypto job market.Analysts point out that having a background in Wall Street has become an important asset for crypto talent to maintain their competitive edge in employment during the industry's downturn.

According to Bloomberg, Poland's largest digital asset trading platform Zondacrypto has stated that it is on the verge of bankruptcy after attracting approximately $100 million in deposits from Polish users and has stopped providing services for customer accounts.The Polish national prosecutor's office has launched an investigation into suspected fraud against it. The report notes that Zondacrypto is registered in Estonia, and its bankruptcy crisis is putting political pressure on Donald Trump's allies in the Polish presidential office.

Nasdaq-listed company Treasure Global announced that it will gradually deploy a $100 million capital to establish a treasury reserve centered around ETH, and will subsequently expand the treasury to include more other digital assets. The company stated that its digital asset treasury framework will serve as a long-term capital allocation tool, providing strategic exposure to the development of digital financial infrastructure without changing its core business.

Michael Saylor, the founder of Bitcoin Treasury Company Strategy, posted on the X platform that Strategy is converting digital capital Bitcoin into digital credit (STRC) and digital equity (MSTR), further emphasizing its Bitcoin-centric capital market strategy.

Private market investment company StepStone Group (NASDAQ: STEP) announced its participation in the Digital Market Infrastructure (DMI) platform of the London Stock Exchange Group (LSEG).The DMI platform is fully integrated into LSEG Workspace and aims to simplify access for professional investors to private equity funds, leveraging distributed ledger technology to support the distribution of private equity funds and help reduce structural barriers for investors entering the private market. StepStone offers evergreen investment strategies covering private equity, private debt, and infrastructure.

According to market news, Chainlink, Apex Group, Bluprynt, and Hacken have collaborated with the Bermuda Monetary Authority to complete an embedded regulatory pilot that integrates compliance requirements directly into digital asset infrastructure for real-time execution, replacing the traditional compliance model based on periodic reporting and manual checks.Non-compliant transactions are blocked before settlement, and compliance metadata is retained in cross-chain transfers. Chainlink provides on-chain policy enforcement and reserve verification infrastructure, assessing transactions through an automated compliance engine and using reserve proof tools to verify off-chain collateral. Bluprynt is responsible for issuer identity verification and compliance certificate issuance. Apex Group acts as an independent administrator providing certified reserve data from third-party custodians. Hacken offers real-time monitoring, anomaly detection, and compliance alert systems, generating alerts in milliseconds after transactions are recorded. The Bermuda Monetary Authority plans to expand this model to production deployment and multi-jurisdictional oversight frameworks.

According to The Block, South Korean cryptocurrency exchange Bithumb has announced that it has signed a memorandum of understanding with SSI Digital (SSID) to provide digital asset trading services in Vietnam. This strategic cooperation was signed in March of this year, focusing on jointly establishing and operating a digital asset exchange. SSID is a subsidiary of the Vietnamese securities company SSI, primarily investing in startups in the blockchain and AI sectors.It is reported that Bithumb has recently postponed its IPO plans to 2028, which was originally scheduled for the second half of 2025. Earlier this year, the exchange faced a human error incident when an employee mistakenly distributed 620,000 bitcoins to customers, leading to criticism and scrutiny over its apparent lack of internal risk management.

According to market news, Strategy ($MSTR) CEO Phong Le recently stated that Bitcoin will become a global digital reserve asset within the next 10 years, with importance comparable to the US dollar. He predicts that governments around the world will hold Bitcoin by then, and Strategy will become the largest holder of Bitcoin globally.

According to the Korea Economic Daily, Jeong Eun-bo, the chairman of the Korea Exchange, announced at the 30th anniversary ceremony of the Busan derivatives market that they plan to launch digital asset derivatives to make Busan a global hub for the derivatives market.He stated that the exchange will actively promote the introduction of related products and attract international conferences to solidify Busan's position as South Korea's leading derivatives financial center.

According to Cointelegraph, the Tennessee Bankers Association in the United States has selected Stablecore as its preferred digital asset technology provider, offering infrastructure for products such as stablecoins, tokenized deposits, and crypto asset-backed loans to approximately 175 member banks, without the need for banks to build their own systems.Stablecore develops backend infrastructure that allows banks to issue and manage tokenized assets while handling compliance and integration with core banking systems. This collaboration reflects the trend of traditional financial institutions integrating crypto services through third-party providers.

According to official news, Anchorage Digital, a federally chartered digital asset bank in the United States, plans to launch a "Cashless" stablecoin reserve model on Solana to improve liquidity, capital efficiency, and security for large-scale institutional stablecoin issuers.This model will hold reserve assets in interest-bearing, low-risk tokenized instruments on Solana, meeting redemption demands through instant liquidity and reducing the need for static cash buffers. Anchorage Digital will issue and manage stablecoins on behalf of institutional partners and is exploring potential tokenized tool solutions with JPMorgan Asset Management to support the liquidity framework.

After WLFI filed a lawsuit against Sun Yuchen yesterday, Vincent Chok, the founder of FDT (First Digital Trust), spoke out today, stating that WLFI is not the first target publicly attacked by Sun Yuchen, as FDT has been entangled in litigation with him for over a year.Vincent Chok stated that in the past 12 months, Sun Yuchen has made public accusations against FDT, but has yet to provide any substantial evidence. During this time, Sun Yuchen has publicly offered rewards for so-called "internal evidence" twice, with the amount increasing from $50 million to $100 million, and as of now, no one has claimed the reward.