Thursday Night Showdown: Banks collectively oppose stablecoins, Wall Street ignites crypto "price war" | 5/12

1⃣ The American Bankers Association has sent letters to major banks urging them to lobby senators to tighten stablecoin reward provisions before Thursday’s committee vote, warning that the current draft could lead to large-scale deposit withdrawals.
2⃣ Roaring Kitty quickly deleted tweets related to RKC after posting, causing RKC’s price to plummet 90%, with the project developer previously cashing out about $611k.
3⃣ Circle’s stock price rose approximately 16% in a single day to $131.76, simultaneously launching Agent Stack, which allows AI agents to self-host funds and pay with USDC, supporting micro-payments as low as $0.000001 with no gas fees.
4⃣ Morgan Stanley announced the launch of crypto trading on E*TRADE, with fees as low as 50 basis points, lower than Coinbase and Robinhood, sparking industry discussions about a price war.
5⃣ The 21Shares Hyperliquid Spot ETF (THYP) officially launched today, planning to stake some HYPE holdings within regulatory compliance.
6⃣ Anthropic stated that any stock transfers without board approval are invalid, with its pre-market tokens on PreStocks platform plummeting about 25% in one day.
7⃣ Ondo’s tokenized stock platform Global Markets, less than 8 months since launch, has surpassed $1 billion in TVL, accounting for over 70% of the tokenized stock market share.
8⃣ The Fed is voting on key procedures, with the transition of Federal Reserve Chair entering the countdown.