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ICYMI: Your U.S. session market snapshot from @TheBlockCo is here with major moves and emerging narratives.
๐ค Franklin Templeton and Kraken's parent company are exploring new onchain investment opportunities, signaling deeper institutional interest in real-world asset integration.
๐ฐ Elliptic has raised $120M in Series D funding, with Deutsche Bank and Nasdaq doubling down on crypto analytics. Institutional conviction is only getting stronger.
๐ต๐ฑ Polish lawmakers are debating crypto legislation, while the PiS party has filed a separate proposal to ban digital assets. Regulatory fractures are forming in Europe.
๐ Sky Ecosystem is leading a $13.5M round for Osero, a yield-bearing stablecoin startup. The race for sustainable yield protocols is accelerating.
๐ฆ Coinbase now offers Solana-backed loans via Morpho, with users able to borrow up to $100K. DeFi lending meets centralized access.
โ๏ธ The Bitcoin Fog appeal is testing the DOJ's theory that global crypto services fall under Washington D.C. jurisdiction. A pivotal case for legal precedent.
๐ Ethereum Foundation has deployed support for Clear Signing, a crypto security solution aimed at reducing transaction risks.
๐ eToro's Q1 crypto revenue dropped to $2.15B from $3.5B year-over-year. Market cycles are hitting even the largest platforms.
๐๏ธ JPMorgan is launching a tokenized money market fund on Ethereum. Tokenization of traditional finance continues its march.
๐ณ๏ธ The CFTC has backed Kalshi in its jurisdictional battle with Ohio over prediction markets. Regulatory clarity is being fought in courtrooms.
๐ Benchmark reaffirms a Buy rating on Coinbase despite a lackluster Q1 performance. Long-term conviction remains intact.
๐ The first Hyperliquid ETF has launched, with Bloomberg's James Seyffart calling its debut day very solid. A new frontier for perpetual DEX exposure.
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