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5/12
18:02
Svmuu reported that JPMorgan Chase will launch its second tokenized money market fund on Ethereum, named the OnChain Liquidity-Token Money Market Fund, with the ticker JLTXX.
The fund will primarily invest in U.S. Treasuries and overnight repurchase agreements collateralized by U.S. Treasuries or cash, aiming to meet the qualified reserve asset requirements that stablecoin issuers need to maintain under the GENIUS Act.
JPMorgan stated that the fund's blockchain technology will be managed by its subsidiary, Kinexys Digital Assets. Currently, Ethereum is the only on-chain network available to investors, but expansion to other blockchains is not ruled out in the future.
This marks JPMorgan's second tokenized money market fund on Ethereum, following the launch of MONY last year. In contrast to MONY, which is more focused on institutional on-chain cash management, JLTXX is more directly tailored for stablecoin reserve asset scenarios.
18:02
According to data, Bitcoin's market dominance has recovered from a local low of approximately 55% to around 58.5%, indicating that capital is re-concentrating into Bitcoin.
Bitcoin market dominance is often viewed as a key indicator of capital rotation within the crypto market. A rising dominance typically suggests the market is entering a consolidation period, where Bitcoin outperforms altcoins; conversely, a declining dominance often accompanies capital flowing into higher-risk assets, fueling the so-called "altcoin season."
For context, Bitcoin's market dominance peaked at around 62% to 63% in mid-2025, before steadily declining amid increased altcoin activity, and once fell to approximately 54%. The current rebound above 58% suggests the market is more likely in a consolidation phase rather than a full-scale shift toward altcoins.
17:50
Svmuu reports that trading platform eToro's latest financial results show crypto asset revenue for the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period last year; the total number of crypto transactions on the platform decreased by 32% year-over-year.
Despite the decline in trading activity, eToro continued to invest in its crypto business during the quarter, including the acquisition of self-custody wallet company Zengo for $70 million and the launch of crypto trading services in New York.
This trend aligns with the overall performance of the industry. Robinhood saw its Q1 crypto revenue and trading volume both drop by approximately 50%, and Coinbase also recorded a net loss of $394 million, indicating that crypto trading platforms generally faced market cooling pressure in early this year.
17:48
Svmuu reported that the U.S. Federal Court of Appeals is hearing the appeal of Roman Sterlingov, sparking a critical debate on whether cryptocurrency services fall under U.S. jurisdiction.
The case focuses on whether a small number of transactions conducted by law enforcement in Washington, D.C., are sufficient to establish jurisdiction, and the reliability of the FBI's "IP overlap analysis" used to identify the defendant.
The U.S. Department of Justice argues that Bitcoin Fog, as a global money transmission service catering to U.S. users, should be subject to U.S. law, while the defense challenges the authorities' "artificially created jurisdiction."
12:46
Svmuu reports that OKX market data shows BTC has fallen below 80,000 USDT, currently trading at 79,980 USDT, a 24-hour decline of 2.01%.
12:40
Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have accumulated over $1 billion in total funding, indicating a rapidly growing demand from institutions for "privacy-friendly on-chain financial systems."
Among them, stablecoin issuer Circle contributed $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset’s Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, has previously completed $500 million in funding at a valuation of $5 billion.
Hougan noted that this funding wave reflects three major trends: the gradual clarification of the U.S. regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public blockchains still face structural trade-offs between speed, cost, security, and privacy. However, scenarios involving stablecoins and RWA tokenization require systems that simultaneously offer high performance, compliance, and privacy, making “verifiable privacy” a critical prerequisite for institutional adoption of on-chain finance.
Hougan further stated that, for enterprises, “all transactions being publicly broadcast” is not an advantage but a potential flaw. In the future, users and institutions may find it increasingly difficult to accept a fully transparent on-chain financial environment. He believes that privacy capabilities could become the “killer app” driving the crypto industry into its next phase of mainstream adoption. Additionally, following the passage of the U.S. Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure space. (CoinDesk)
12:34
Svmuu, May 12 — The U.S. Senate voted on May 12 local time to confirm Kevin Warsh as the Federal Reserve Chair, with the voting process still ongoing. On January 30, Trump nominated former Federal Reserve Governor Kevin Warsh to serve as Fed Chair, succeeding the current Chair Jerome Powell.
12:33
Svmuu reported that msx data shows Micron Technology's stock price decline further widened to 10%, reaching $715.79 per share; this follows a cumulative surge of 147% over the previous 29 trading days.
12:25
Svmuu: The U.S. Senate has secured enough votes to confirm Warsh as a member of the Federal Reserve Board, serving a 14-year term beginning February 1, 2026. The vote is still ongoing. (Jin10)
12:14
Svmuu  According to the EIA's Short-Term Energy Outlook, Brent crude oil spot prices surged sharply in April due to the de facto closure of the Strait of Hormuz tightening global oil supply. Prices reached a high of $138 per barrel on April 7, with an average of $117 per barrel for the month.
Global oil inventories are expected to decline by an average of 8.5 million barrels per day in the second quarter of 2026, keeping Brent crude oil prices around $106 per barrel in May and June. We expect crude oil prices to decline as Middle East oil production increases, averaging $89 per barrel in the fourth quarter of 2026 and falling to $79 per barrel in 2027. (Jin Shi)
12:09
Svmuureports that a working group led by the Ethereum Foundation has released a new open standard called "Clear Signing," aimed at addressing the long-standing "blind signing" problem. Built on the ERC-7730 specification, the new standard seeks to implement the "WYSIWYS (What You See Is What You Sign)" principle, enabling users to understand the actual content of a transaction in a unified, readable, and structured manner before signing. This replaces the current widespread practice of presenting low-level transaction information that is machine-readable but difficult for users to comprehend. By introducing a unified description format, a registry system, and independent verification and audit mechanisms, Clear Signing allows transaction intent to be clearly expressed and standardized in wallets. It does not alter on-chain transaction structures but enhances interpretability through off-chain standardized descriptions, thereby improving security without affecting compatibility with existing protocols.
12:09
Svmuu reported that the EIA Short-Term Energy Outlook indicates that the Strait of Hormuz is expected to remain closed until the end of May, with navigation gradually resuming in June and returning to pre-conflict levels later in 2026. The EIA predicts global oil demand in 2026 to be 104.2 million barrels per day, compared to a previous forecast of 104.6 million barrels per day; demand in 2027 is projected at 105.6 million barrels per day, versus a previous forecast of 106.2 million barrels per day. (Jinshi)
12:07
Svmuu reports that Trump Media & Technology Group is significantly adjusting its strategy for the prediction market product "Truth Predict." The project, originally planned to launch full trading functionality in partnership with Crypto.com, may now only materialize as a marketing and promotional collaboration, with a notable contraction in the scale of its features.
According to the latest regulatory filings, the project is still under development. However, the initial phase will be limited to a promotional partnership with prediction market platform OG.com, rather than embedding trading functions directly within Truth Social. The market's initial vision of an integrated "social + prediction market trading" model appears to be diminished.
Earlier plans indicated that Truth Predict intended to allow users to convert platform credits into crypto assets and participate in trading events related to sports, inflation, and elections. However, the newly disclosed structure leans more towards an "external platform traffic-redirecting partnership," with specific commercial mechanisms yet to be clarified. Meanwhile, the prediction market industry is experiencing rapid expansion alongside regulatory conflicts. Platforms like Kalshi and Polymarket continue to expand their sports and event contract businesses, but are also facing jurisdictional disputes between state-level gambling regulators and federal authorities.
Analysts suggest that the strategic downsizing of Truth Predict reflects the increasing uncertainty surrounding compliance structures, product forms, and regulatory boundaries for prediction markets. Particularly against the backdrop of an as-yet-unified U.S. regulatory system, related products are trending towards "asset-light cooperation" models rather than direct financial integration into social platforms. (Wired)
12:04
Svmuureports that, according to market sources, Google is in talks with SpaceX to launch data centers.
12:02
SvmuuNews Coinbase announced the expansion of its on-chain crypto-backed lending product, adding Solana as a supported collateral asset. Users can now borrow up to $100,000 in liquidity based on their SOL holdings. The service operates on the Morpho lending infrastructure deployed on the Base network, consistent with the structure of previously supported loans backed by Bitcoin, Ethereum, and other crypto assets.
Ben Shen, Head of Financial Services at Coinbase, stated that introducing SOL as a collateral asset will enhance capital efficiency and the liquidity experience for users within the Solana ecosystem, while strengthening its "Everything Exchange" strategy—covering more crypto financial scenarios through a single platform. (The Block)
11:47
Svmuureports that the U.S. Congress and multiple state attorney general offices are investigating Sam Altman's personal investments, focusing on potential conflicts of interest and "self-dealing" while managing OpenAI. U.S. House Oversight Committee Chairman James Comer has sent a letter to Altman requesting disclosure of potential conflicts of interest, specifically mentioning that Altman promoted OpenAI's investment in Helion Energy, a company in which he has a significant personal stake.
It is reported that Sam Altman's personal investment in Helion amounts to at least $375 million, while OpenAI has considered investing approximately $500 million in the company, raising internal concerns about potential self-dealing. Additionally, attorneys general from states including Florida, Montana, and Nebraska have sent a letter to the U.S. SEC requesting an examination of Sam Altman's investment structure, describing it as "presenting serious conflicts of interest and self-dealing risks."
11:41
Svmuu News: Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the agency is engaging with all major U.S. professional sports leagues to strengthen the regulatory framework for sports-related prediction markets and guard against the risks of insider trading and market manipulation. Speaking at FINRA’s annual conference in Washington, Michael Selig revealed that the CFTC had previously signed a memorandum of understanding on information sharing with Major League Baseball (MLB), marking the first time the agency has established a formal data-sharing mechanism with a professional sports league. This move comes as prediction market platforms (such as Kalshi and Polymarket) continue to expand their sports contract businesses, sparking legal disputes between state-level gambling regulators and federal regulatory authorities. (CoinDesk)
11:33
Svmuureports that asset management giant BlackRock has filed a new tokenized fund structure application with the U.S. Securities and Exchange Commission (SEC), again selecting Securitize as the provider of underlying technology and issuance infrastructure. According to the filing, the fund will record ownership on the blockchain and integrate with regulated transfer agents and investor access systems. Specifically, Securitize Transfer Agent, LLC will be responsible for maintaining the official registry and ownership records of fund shares across multiple public blockchains, achieving the integration of on-chain assets with traditional compliance systems.
This application represents a further expansion built on the success of its first tokenized fund, BUIDL. Since its launch in 2024, the product's scale has grown to approximately $2.3 billion. Market data shows that the total market size for real-world asset (RWA) tokenization has now surpassed $30 billion, with institutional capital accelerating its shift from experimental phases towards compliant, scaled on-chain financial infrastructure development.
11:28
Svmuu reported that Rachel Conlan, Chief Marketing Officer of cryptocurrency exchange Binance, announced she will leave next month, concluding three years of brand building at the company. The firm confirmed her last working day will be June 15, and she will assist the transition as an advisor after her departure. Binance stated that Eowyn Chen, former CEO of Trust Wallet, will serve as interim CMO, overseeing marketing and brand management during the transition period. (CoinDesk)
11:25
According to Gate data, spot gold briefly dropped over $20, falling below $4,640 per ounce, with its intraday decline widening to 2%. New York gold futures fell below $4,650 per ounce, down 1.67% intraday. Spot silver dropped over $3 intraday, now at $83.06 per ounce, a decline of 3.49%. The main silver futures contract in Shanghai experienced a slight plunge, with intraday losses reaching 2%, now at 20,600 yuan per kilogram.

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