MarketsKalshi raised $1 billion at a $22 billion valuation in its Series F, led by Coatue with a16z, Sequoia, and Morgan Stanley. Revenue run rate topped $1.5 billion.
StablecoinsPayward agreed to buy Hong Kong's Reap Technologies for up to $600M, adding card issuance and stablecoin payments to its B2B platform.
InstitutionalJPMorgan and Mastercard completed the first cross-border tokenized US Treasury settlement on XRP Ledger with Ondo Finance and Ripple, using Kinexys.
InstitutionalMorgan Stanley rolled out a crypto trading pilot on E*Trade at 50 bps per trade, below Coinbase, Robinhood and Schwab. 8.6M clients get access in 2026.
MarketsCME Group launches Bitcoin volatility futures on June 1, 2026. The BVX product lets traders hedge against swing intensity without betting on price direction.
MarketsCoinbase announced the elimination of 14% of its workforce on May 5, about 700 jobs. CEO Brian Armstrong cited a market downturn and AI adoption.
InstitutionalDTCC announced a July 2026 pilot and October full launch for tokenized securities. Over 50 firms including BlackRock, Circle and NYSE Group are on board.
RegulationNY AG Letitia James secured a $5M settlement from Uphold for promoting CredEarn, a crypto savings product with false insurance claims and hidden risks.
RegulationReuters: Iran's largest crypto exchange Nobitex was founded by Kharrazi brothers linked to Supreme Leader Khamenei. US seized $500M in Iranian crypto.
