Crypto news

Summary

The Ohio Republican sits on the Senate Banking Committee and didn’t hold back on X before Thursday’s CLARITY Act markup, which is basically a grown-ups’ version of a group chat with higher stakes and fewer emojis.

Previously, Reuters, that most sagacious of scribes, named Nvidia among a dozen companies, summoned to a diminished delegation of CEOs. Trump, that stalwart of the West, arrives in the Land of the Rising Sun on May 13, with formal state meetings set for May 14 and 15, as if the very cosmos itself awaited his arrival.

In their crypto arm’s latest opus, titled “The new stack for global finance: Stablecoins edition,” a16z declares stablecoins “no longer just a payment rail” but “the foundation of a new economic operating system for global finance.” Ah, the sweet serenade of disruption-until you realize the disruptors are now the disrupted. The essay paints a picture of a modular stack where wallets, orchestration services, and credit networks plug into programmable dollars on public blockchains. How very… efficient.

Ondo Finance has deepened its tokenization push by routing U.S. stock and ETF exposure from BNB Chain into Hyperliquid’s HyperEVM, using a cross-chain bridge built on LayerZero’s messaging framework. The new connection brings 35 tokenized assets – including SPY, QQQ, NVDA, TSLA, GOOGL, NFLX and BABA – onto HyperEVM, where they can be combined with perps and on-chain funding markets for basis trades, funding-rate arbitrage and delta-neutral positioning. Because who needs sleep when you can make money off of other people’s confusion?

Key Takeaways:

As the platform’s own on-chain reckonings tell, net XRP balances climbed in April from 2.587 billion to 2.603 billion tokens. The total on-chain wallet balance on Binance stood at 2,630,051,340 XRP as of May 1. The reserve ratio stood at 101.01%, a figure that would make even a cautious banker tip his hat and say, “Well, I’ll be.”

While the crowd jubilantly chants “this time it’s different,” a few weary souls mutter about the inevitable crash, their voices drowned out by the cacophony of bullish tweets.

Lo, the metrics of yesteryear reveal that on the eleventh day of May, the Sui chain bore the burden of over twenty-five million transactions, and yet the average gas fees, those harbingers of cost, remained as steadfast as the mountains. A feat worthy of a Tolstoyan epic, where the protagonist triumphs not through force, but through the quiet resilience of a well-ordered system.

Saylor posted “Back to work” on X on May 10, signaling another purchase was underway. The formal disclosure followed the next day, confirming the buy and updating the company’s year-to-date BTC yield to 9.4%.