CryptoCryptocurrency

JPMorgan Asset Management has filed with the US Securities and Exchange Commission to launch a second tokenised money market fund on Ethereum.

Sota Watanabe said Japan could launch its first bank-issued yen stablecoin within the next few months as the country expands regulated digital asset infrastructure.

Decentralised finance project World Liberty Financial burned 100 million WLFI tokens worth about $6.67 million as part of a broader restructuring of its insider vesting schedule.

Layer-1 blockchain Sui said it will support trading for Matrixdock’s XAGm token, a digital asset backed one-for-one by physical silver certified under London Bullion Market Association standards.

Bitcoin held above the $80,000 level despite stronger-than-expected US inflation data, with 21Shares analyst Matt Mena arguing the market has already absorbed inflation-related risks.

Five of the largest US labor organisations urged the Senate Banking Committee to oppose the proposed Clarity Act, arguing the legislation could expose workers’ retirement savings to cryptocurrency market risks.

Decentralised finance mobile platform Legend said it will shut down after roughly two years of operation as the broader crypto market downturn continues to pressure digital asset startups.

Crypto investment firm 21Shares recorded $1.2 million in net inflows after its Hyperliquid ETF began trading on Nasdaq on Tuesday.

Digital asset platform Bakkt reported a first-quarter net loss of $11.7 million as crypto services revenue plunged 77% amid weaker digital asset trading activity.

Ethereum liquid restaking platform Kelp DAO said it has burned 117,132 rsETH tokens linked to April’s exploit as part of a recovery plan aimed at restoring withdrawals and stabilising the protocol.

Moody's Ratings said major US banks and financial market intermediaries increasingly expect tokenised assets and digital money to become a core part of the financial system over time.

Members of the US Senate Banking Committee filed more than 100 proposed amendments to a cryptocurrency market structure bill ahead of a scheduled markup session on Thursday.