Key Takeaways Moody’s assigned an Aaa-mf assessment to Fidelity International’s USD Digital Liquidity Fund on May 13, 2026. The fund, managed by FIL Investments International, targets institutional investors with $34.5B in MMF AUM. The Ethereum-based tokenized fund plans to expand to ZKsync, with 24/7 redemptions subject to liquidity. Fidelity’s Tokenized Money Market Fund Earns Top…
## Market Snapshot Markets related to Jerome Powell’s departure as Fed Chair show varied odds: May 14 has 0.7% YES, May 31 stands at 99.4% YES, and June 30 at 99.6% YES. For Kevin Warsh’s confirmation as Fed Chair by May 15, the market prices a 99.9% YES. ## Key Takeaways – Markets suggest Kevin…
Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin…
Remember Elon Musk’s plan to put AI data centers in space? It appears companies are taking the idea seriously. And one of those companies is Google. According to a new report in the Wall Street Journal, Google is currently in talks with Musk’s space exploration company, SpaceX, to strike a deal to launch rockets into…
The current altcoin structure reflects a long consolidation phase where selling pressure gradually weakened without breaking key support. A closely watched chart pattern has flipped bullish, and at least one analyst says it mirrors the setup that preceded some of the biggest altcoin rallies on record. According to trader Mark Chadwick, the pattern has…
The Musk v. Altman trial kicked off on Wednesday with a unique proposition: OpenAI wanted to bring its ass into the courtroom, and lay it bare before the jury. It’s a good thing lady justice wears that blindfold. A lawyer for Sam Altman’s AI behemoth, Bradley Wilson, approached US district judge Yvonne Gonzalez Rogers and…
Key Takeaways KDDI paid $65 million for a 14.9% stake in Coincheck Group N.V., with the deal closing in June 2026. Au Coincheck Digital Assets, Inc. plans to launch a non-custodial wallet in summer 2026 for KDDI’s 30 million users. Coincheck Group shares climbed up to 35% on May 12 as investors responded to the…
Bloomberg senior ETF analyst Eric Balchunas reported that the Bitcoin spot ETF iShares Bitcoin Trust (IBIT) has significantly outperformed the gold ETF SPDR Gold Shares (GLD) since March, outpacing it by roughly 33 percentage points in performance. Summary Bloomberg ETF analyst Eric Balchunas says Bitcoin ETF IBIT has outperformed gold ETF GLD by 33 percentage…
Rivian’s spinoff company Mind Robotics has raised another $400 million, just two months after raising $500 million, as it works to develop industrial robotics that can further automate factory operations. The funding round, first reported by the Wall Street Journal, was led by Kleiner Perkins. The venture arms of Volkswagen, which is partnered with Rivian…
## Market Snapshot The market for a potential Fed interest rate decrease in June 2026 is currently priced at 1.2% YES, down from 2% a day ago and 4% a week ago. This suggests a decrease in the likelihood of a rate cut. ## Key Takeaways – Collins’ comments appear to support maintaining a restrictive…
