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On May 31, the U.S. Securities and Exchange Commission charged Texas resident Nathan Fuller with involvement in a cryptocurrency investment fraud case amounting to $12.3 million.

[U.S. SEC Accuses Nathan Fuller of $12.3 Million Cryptocurrency Investment Fraud]On May 31, the U.S. Securities and Exchange Commission charged Texas resident Nathan Fuller with involvement in a cryptocurrency investment fraud case amounting to $12.3 million.

U.S. SEC Accuses Nathan Fuller of $12.3 Million Cryptocurrency Investment Fraud

On May 31, Trump's potential re-election as president in 2024 and his embrace of cryptocurrency are widely seen as a significant victory for the digital asset industry. However, his personal interests in this field have sparked some turmoil. As Congress intensifies its push for legislation known as the Clarity Act, which aims to establish rules for digital assets and could trigger a wave of institutional investment, Trump's expanding cryptocurrency empire has provided critics with new reasons to oppose the bill. This issue has become increasingly contentious ahead of the fall midterm elections. Currently, the Clarity Act is awaiting a full Senate vote, with lawmakers still debating whether to include ethical provisions that would restrict elected officials from investing in digital assets, with Trump's substantial interests in the crypto space being one of the flashpoints in this debate.

[Analysis: Trump's Personal Interests in the Crypto Industry May Jeopardize the Clarity Act Legislation]On May 31, Trump's potential re-election as president in 2024 and his embrace of cryptocurrency are widely seen as a significant victory for the digital asset industry. However, his personal interests in this field have sparked some turmoil. As Congress intensifies its push for legislation known as the Clarity Act, which aims to establish rules for digital assets and could trigger a wave of institutional investment, Trump's expanding cryptocurrency empire has provided critics with new reasons to oppose the bill. This issue has become increasingly contentious ahead of the fall midterm elections. Currently, the Clarity Act is awaiting a full Senate vote, with lawmakers still debating whether to include ethical provisions that would restrict elected officials from investing in digital assets, with Trump's substantial interests in the crypto space being one of the flashpoints in this debate.

Analysis: Trump's Personal Interests in the Crypto Industry May Jeopardize the Clarity Act Legislation

On May 31, ClearBank Europe announced the launch of its digital asset track, a new feature that enables programmable liquidity and allows for 24/7 fiat payments in euros via SEPA Instant for cross-border settlements. This service is available to regulated entities, including Electronic Money Institutions (EMIs), Payment Institutions (PIs), and banks. Companies regulated by the Dutch Financial Authority (MiCA) with non-retail purposes can also transfer funds through the digital asset channel.

[ClearBank Launches Digital Asset Channel]On May 31, ClearBank Europe announced the launch of its digital asset track, a new feature that enables programmable liquidity and allows for 24/7 fiat payments in euros via SEPA Instant for cross-border settlements. This service is available to regulated entities, including Electronic Money Institutions (EMIs), Payment Institutions (PIs), and banks. Companies regulated by the Dutch Financial Authority (MiCA) with non-retail purposes can also transfer funds through the digital asset channel.

ClearBank Launches Digital Asset Channel

bill Surges 10.42% in 24H, Currently at 0.072698 USDT

【bill currently trades at 0.072698 USDT, up 10.42% in 24h, according to HTX market data.】bill Surges 10.42% in 24H, Currently at 0.072698 USDT

bill currently trades at 0.072698 USDT, up 10.42% in 24h, according to HTX market data.

On May 31, according to The Information, Meta is establishing a new enterprise solutions division aimed at deploying engineers and product managers to enterprise client teams. This move is part of Meta's efforts to demonstrate to investors the rationale behind its substantial investments in artificial intelligence infrastructure.

[Meta Establishes New Enterprise Solutions Division]On May 31, according to The Information, Meta is establishing a new enterprise solutions division aimed at deploying engineers and product managers to enterprise client teams. This move is part of Meta's efforts to demonstrate to investors the rationale behind its substantial investments in artificial intelligence infrastructure.

Meta Establishes New Enterprise Solutions Division

The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

[Raydium's Cumulative Trading Volume Exceeds $1 Trillion]The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

Raydium's Cumulative Trading Volume Exceeds $1 Trillion

The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of over $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

[Raydium's Cumulative Trading Volume Exceeds $1 Trillion]The on-chain liquidity protocol Raydium has surpassed a cumulative trading volume of over $1 trillion. The RAY token has been launched on two major consumer finance applications, Revolut and Robinhood. This month, the trading volume of tokenized equity on the protocol exceeded $1 billion, with U.S. listed stocks including Tesla and Nvidia being traded through Raydium's liquidity pools via xStocks and related issuer partnerships.

On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

[Banca Sella Receives Approval in Italy to Offer Crypto Asset Services]On May 31, Banca Sella completed the notification procedure submitted to the Italian banking authority in accordance with the European MiCA (Markets in Crypto-Assets) regulation, becoming the first bank in Italy authorized to provide crypto asset services, particularly related to the custody and transfer of digital assets.

Banca Sella Receives Approval in Italy to Offer Crypto Asset Services

This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

[This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow]This week, cryptocurrency exchange-traded funds (ETFs) continued to face pressure, with Bitcoin funds experiencing outflows for the tenth consecutive trading day, while Ethereum funds have seen outflows for 14 consecutive trading days. This week, the Bitcoin ETF had a net outflow of $125.31 million, marking its tenth consecutive day in negative territory. The Ethereum ETF also continued to decline, but the situation was more balanced compared to previous days, with a net outflow of $17.91 million, extending its decline to 14 consecutive trading days. The XRP ETF saw a net inflow of $11.88 million, with Bitwise's XRP product leading at $7.36 million. The HYPE ETF recorded an inflow of $9.5 million, all from 21Shares' THYP. The Solana ETF had a net inflow of $1.32 million.

This Week's Bitcoin ETF Sees $125.31 Million Outflow, XRP ETF Records $11.88 Million Inflow

According to CoinDesk, the collapse of crypto exchange FTX has led to a greater focus on using regulated custodians, and the custody revenue opportunity could grow to $8 billion by 2033 from less than $0.3 billion today, Bernstein said in a research report on Tuesday.
“Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy custody, crypto custody is all about securing the private key,” which makes it a more technological endeavor.
Post-FTX, Bernstein expects a jump in “crypto custody penetration” with existing investors, and a sharp growth in custody services in the medium-term driven by increased institutional participation in digital asset markets.
The broker says there is a large revenue opportunity for crypto firms and banks to provide Wall Street-like custody, market-making and prime broking services to investors entering the cryptocurrency market.

Detail

【Bernstein says custody services are the foundation for institutional crypto adoption】According to CoinDesk, the collapse of crypto exchange FTX has led to a greater focus on using regulated custodians, and the custody revenue opportunity could grow to $8 billion by 2033 from less than $0.3 billion today, Bernstein said in a research report on Tuesday.
“Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy custody, crypto custody is all about securing the private key,” which makes it a more technological endeavor.
Post-FTX, Bernstein expects a jump in “crypto custody penetration” with existing investors, and a sharp growth in custody services in the medium-term driven by increased institutional participation in digital asset markets.
The broker says there is a large revenue opportunity for crypto firms and banks to provide Wall Street-like custody, market-making and prime broking services to investors entering the cryptocurrency market.

Bernstein says custody services are the foundation for institutional crypto adoption

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Article

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Bernstein says custody services are the foundation for institutional crypto adoption

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