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According to The Block, Bitcoin continued trading below $78,000 on Monday, following net outflows of $1.26 billion from spot Bitcoin ETFs during the week of May 18–22—the second consecutive week of outflows exceeding $1 billion. Nevertheless, Timothy Misir, Research Head at BRN, noted that institutional demand has not vanished but is rotating: during the same period, the XRP ETF attracted $22 million in inflows, the Solana ETF drew $16 million, the newly launched Hyperliquid HYPE ETF garnered $72 million, while the Ethereum ETF saw outflows of $216 million. Ethereum also faced pressure due to the SEC’s delay of its tokenized stock trading initiative, though it posted a modest rebound on Sunday amid heightened optimism surrounding the Iran deal. On the options front, for Bitcoin expiring on May 29, the largest open interest concentrations were at the $75,000 put and $80,000 call strikes; for Ethereum, the largest open interest concentration was at the $2,100 put strike. On the macro front, U.S. and European markets were closed for public holidays, and analysts warned of low market liquidity. Should the Iran deal materialize, it could trigger a sharp drop in oil prices and push equity markets to new highs.
MoonPay has launched a dedicated app on the ChatGPT Apps platform, enabling users to generate checkout links and purchase cryptocurrencies—including Bitcoin, XRP, Solana, and USDC—without leaving ChatGPT. This integration makes MoonPay one of the first apps within ChatGPT to offer direct cryptocurrency purchasing functionality. Previously, crypto-related apps in the ChatGPT App Store primarily focused on blockchain data and price queries; other such apps include Kraken, OKX, CryptoAudit, and RealOpen.
crypto payment company MoonPay has announced the launch of a dedicated application for ChatGPT. Users can now directly purchase crypto assets including Bitcoin, XRP, Solana, and USD Coin within OpenAI's ChatGPT.MoonPay stated that users only need to inquire about relevant cryptocurrencies and express a purchase intention within ChatGPT. The system will automatically generate a MoonPay checkout link, after which users can be redirected to the MoonPay page to complete KYC verification and wallet binding. Users who have already completed KYC can make purchases directly using their existing accounts and payment methods.Currently, MoonPay has joined several other crypto-related services within the ChatGPT application ecosystem, including Kraken, OKX, and others. Unlike other applications that primarily provide on-chain data queries, MoonPay focuses more on cryptocurrency purchasing and user education.Additionally, MoonPay recently acquired AI trading startup Dawn Labs, launched Dawn CLI which enables executing prediction market strategies through natural language, and introduced the MoonAgents Card supporting AI Agents to spend stablecoins, continuously intensifying its integration of AI and crypto payments. (Decrypt)
payment infrastructure company MoonPay has launched a dedicated application on ChatGPT Apps, allowing users to generate purchase links within OpenAI's chatbot for buying digital assets such as Bitcoin, XRP, Solana, and USDC. When users specify a purchase amount in ChatGPT, they receive a MoonPay checkout link and are redirected to the MoonPay website to complete KYC, checkout procedures, and connect their wallet. Users who have already completed KYC for their MoonPay account can log in directly via their existing account, use their most recent payment method, and send assets to a designated address. This application is part of MoonPay's push to advance AI-driven crypto tools. Earlier this month, MoonPay acquired AI trading startup Dawn Labs and launched Dawn CLI; the company also recently introduced the MoonAgents Card, a virtual Mastercard that allows AI agents to pay online merchants directly with stablecoins from crypto wallets. (Decrypt)
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
: Bitcoin financial services company Swan Bitcoin (along with its operating entity Electric Solidus Inc. named as defendants) is facing a lawsuit filed in the U.S. Bankruptcy Court for the District of Delaware, with claims approaching $1 billion.The lawsuit was filed by PCT Litigation Trust, aiming to recover crypto assets related to the 2023 collapse of Prime Trust. The plaintiff accuses Swan of using "material non-public information" to transfer funds out of Prime Trust before its failure, thereby avoiding significant losses.According to the court filing, Swan had transferred assets including approximately 11,992 Bitcoin (currently valued at around $917 million) out of Prime Trust before it filed for bankruptcy, along with roughly $22.4 million in fiat currency, $5 million in stablecoins, and 91,444 XRP tokens.The plaintiff also alleges that Swan had ties to a senior executive at Prime Trust, who also served as an external consultant for Swan. This individual is suspected of providing Swan with information prior to regulatory meetings, thereby helping the company withdraw its assets early.Swan Bitcoin responded, stating that the relevant assets belong to client trust property and should not be used for bankruptcy liquidation, expressing confidence that the court will ultimately support its position. (Decrypt)
According to Russian financial media RBK, the Moscow Exchange is in discussions with multiple brokers regarding cryptocurrency trading solutions. It is currently testing a 7×24全天候 trading model and digital asset deposit/withdrawal functionality, and plans to launch dedicated cryptocurrency accounts. However, due to constraints imposed by the clearing system’s operating hours, round-the-clock trading is unlikely to be implemented in the short term. Meanwhile, Russia’s “Digital Currency and Digital Rights Bill” has passed its first reading. The bill stipulates that Russian citizens may only purchase cryptocurrencies through licensed intermediaries, and that listed cryptocurrencies must meet stringent criteria—including an average market capitalization exceeding 5 trillion rubles over the past two years, an average daily trading volume exceeding 1 trillion rubles, and a trading history of at least five years. In practice, only major cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these requirements.
according to the official announcement, Gate Smart Leverage has now officially added support for XAUT, XAG, and CL, further expanding trading scenarios for popular assets such as gold, silver, and crude oil, helping users capture trend opportunities more flexibly amid market fluctuations.As an innovative structured derivative pioneered by Gate, Smart Leverage supports leverage of up to 200x and waives the forced liquidation mechanism during the holding period. It is not affected by short-term extreme market conditions or "wicks," making it more suitable for users employing trend trading and swing strategies. Additionally, the product caps risk exposure. The maximum potential loss for a user is limited to the principal of a single subscription, with no risk of liquidation or additional debt. Currently, Gate Smart Leverage supports various popular assets, including BTC, ETH, XRP, SOL, HYPE, SUI, XAUT, XAG, CL, and others.
According to Bloomberg, Ripple’s prime brokerage division secured up to $200 million in asset-backed debt financing through Neuberger Berman’s specialized financial team. The funds will be used to expand margin capacity for institutional investors across multi-market trading—including equities, fixed income, and cryptocurrencies—with the actual available credit line dynamically adjusted based on institutional clients’ borrowing needs.
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
According to The Block, 21Shares’ Canton Network ETF began trading on Nasdaq Thursday under the ticker symbol TCAN. This fund is the first ETF in the U.S. to offer direct exposure to Canton Coin—the native utility token of the Canton Network. The Canton Network is a privacy-preserving blockchain ecosystem built for institutional finance, with core developer Digital Asset backed by Goldman Sachs, Microsoft, and DTCC. Over the past year, the U.S. market has launched ETFs tracking various crypto assets, including SOL, XRP, DOGE, HBAR, and Polkadot.
According to an official announcement by HashKey, HashKey Exchange—a licensed virtual asset exchange operated by Hong Kong-listed HashKey Holdings Limited (3887.HK)—has launched a time-limited RLUSD deposit reward program and RLUSD withdrawal fee discount following the official listing of Ripple USD (RLUSD) on its platform on February 13, 2026. This promotion is available for a limited time only and is exclusively open to eligible professional investors. **Promotion 1: RLUSD Deposit Reward Program** From now until May 22, 2026, customers who deposit RLUSD into their HashKey Exchange accounts—meeting or exceeding the minimum amount required for their chosen tier—and maintain the corresponding RLUSD account balance through June 23, 2026, will receive the applicable reward. Rewards are capped at up to 25,000 RLUSD and are allocated on a first-come, first-served basis. **Promotion 2: RLUSD Withdrawal Fee Discount** Withdrawals of RLUSD via the Ethereum (ERC-20) network completed before May 30, 2026, will incur zero withdrawal fees. For full details—including eligibility criteria, reward tiers, balance maintenance requirements, reward quota limits, scope of fee discounts, and other applicable terms and conditions—please refer to the official HashKey Exchange campaign page.
Ripple CEO Brad Garlinghouse stated that the next two weeks will be a critical window for advancing cryptocurrency legislation in the United States.He pointed out that if the Senate Banking Committee fails to complete the markup of the bill in the near future, the probability of the bill passing will "significantly decrease," especially as the midterm elections approach, which could further politicize related issues.Currently, the U.S. is pushing forward with the first federal-level crypto regulatory framework, involving the division of regulatory responsibilities between the SEC and the CFTC. Although the House version has been passed, progress in the Senate has been relatively slow. However, recent compromises on the issue of stablecoin yield could bring a turning point for progress this month.
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
According to Insight Korea, South Korea’s digital bank K Bank has established a strategic partnership with blockchain company Ripple to advance the validation of next-generation blockchain-based cross-border remittance technologies. The two parties will focus on evaluating optimization opportunities in remittance speed, cost structure, and transaction transparency through Ripple’s Global Payments Network and infrastructure. Current collaboration includes a digital wallet proof-of-concept, joint development of cross-border remittance models, and expansion into the digital assets domain. The ongoing Phase II testing simulates connecting banks’ internal systems with customer accounts and tests on-chain fund transfers to the United Arab Emirates and Thailand. K Bank is also evaluating Ripple’s SaaS-based digital wallet, Palisade, to enhance compliance and deployment efficiency.
According to Odaily, independent researcher Giancarlo Lelli was awarded the Q-Day Prize and 1 Bitcoin by quantum security startup Project Eleven for successfully cracking the encryption keys protecting Bitcoin. Giancarlo Lelli utilized publicly available quantum hardware and a variant of Shor's algorithm to crack a 15-bit encryption key among 32,767 possibilities. The difficulty of this quantum attack is 512 times greater than the 6-bit key record set in September 2025. Project Eleven CEO Alex Pruden stated that the resource requirements for such attacks continue to decline, with approximately 6.9 million Bitcoins currently held in vulnerable static addresses, including 1 million Bitcoins owned by Satoshi Nakamoto. The Bitcoin network has proposed BIP-360 to introduce quantum-resistant address types, while platforms such as Ethereum, Ripple, and Tron have also begun releasing plans for transitioning to post-quantum defenses.
Odaily News SoFi announced that its crypto business now supports XRP deposits, but the temporary inability to withdraw XRP to external wallets has sparked user dissatisfaction.Currently, users can only hold or trade XRP within the platform and cannot transfer it out to on-chain wallets. This design has been criticized by some users as an "ETF-like model," arguing that it only provides price exposure without truly connecting to the crypto ecosystem.SoFi stated that it will enable withdrawal functionality in the future but has not provided a specific timeline.
Ripple has unveiled a four-phase roadmap for post-quantum security on the XRP Ledger (XRPL), aiming to complete the full transition to a post-quantum signature system by 2028 at the latest. The roadmap includes: a Q-Day emergency migration mechanism; quantum risk assessment and testing of NIST-recommended algorithms in the first half of 2026; parallel integration of candidate post-quantum signature schemes on Devnet in the second half of 2026; and subsequent network-wide, large-scale cutover via an XRPL Amendment. Ripple stated it is already collaborating with Project Eleven on validator testing, Devnet benchmarking, and development of a custodial wallet prototype. It emphasized that assets are not under immediate threat today but must address the “harvest now, decrypt later” risk.
According to ZDNet Korea, South Korea’s National Tax Service (NTS) issued a tender notice on April 15 to introduce cryptocurrency transaction tracking software from firms including Chainalysis and TRM Labs. The system aims to monitor cryptocurrency transactions in real time, trace hidden assets of tax evasion suspects, and combat disguised inheritance, gifting, and offshore tax evasion involving digital assets. It can track approximately 70 million types of cryptocurrencies—including Bitcoin, Ethereum, XRP, and stablecoins—across 45 blockchain layers. The system also features “de-mixing” capabilities to identify mixing-service-based money laundering techniques and can perform partial identity verification for non-custodial wallets such as MetaMask and Phantom. This marks the NTS’s third deployment of such solutions since 2024; system construction is scheduled for completion in June, with official operation commencing in July.