Market Update

Total cryptocurrency market capitalization increased by 0.92% to $2.67 trillion. Bitcoin rose 0.83% in the past 24 hours, trading at $77,600, while Ethereum increased 0.72% to $2,130. Overall industry performance remains positive, with most categories up 1% to 5%. The Real World Asset (RWA) sector performed notably, up 6%, while the Meme sector declined 1%.
U.S. President Orders Federal Reserve to Review Access Rights to Main Accounts for Cryptocurrencies
An executive order instructs the Federal Reserve to assess whether to allow cryptocurrency and fintech companies direct access to its core payment system. This represents a potentially transformative step for U.S. cryptocurrency infrastructure. If companies gain access to these "main accounts," they could bypass intermediary banks, significantly reducing operational costs, counterparty risk, and settlement times. For investors, this move signals deeper integration of digital assets into the traditional financial system, potentially lowering sector risks and making U.S.-based crypto services more efficient and attractive to institutional capital. A report will be submitted to the President within 120 days, setting a clear timeline for this potential policy shift.
Federal Reserve Minutes Hint at Possible Future Rate Hikes
The latest Federal Reserve minutes indicate a significant hawkish shift, with officials now openly discussing the possibility of further tightening if inflation does not subside. This marks a departure from previous debates centered on rate cuts and introduces major macro headwinds for risk assets like cryptocurrencies. The prospect of higher interest rates makes safer, yield-generating investments more attractive, which could draw capital away from the crypto market and dampen investor interest in more speculative assets.
Bank of England Places Tokenization and Stablecoins at the Top of UK Financial Strategy
The Bank of England has outlined a strategic focus on modernizing the UK financial infrastructure through tokenization and regulated stablecoins. This high-level government endorsement provides key regulatory clarity and signals a long-term commitment to integrating digital assets. For investors, this reduces uncertainty in key global financial markets and strongly validates the case for Real World Asset (RWA) investments. The bank plans to release a draft regulation for systemic stablecoins next month, providing a tangible near-term catalyst that could accelerate the development of the UK digital asset ecosystem.
SpaceX Discloses Holding $1.45 Billion in Bitcoin in Public Filings
Elon Musk’s SpaceX, in its S-1 filing for its planned IPO, revealed it holds 18,712 BTC. This makes it one of the largest corporate holders and provides significant institutional recognition for the asset.
European Euro Stablecoin Banking Alliance Expands to 37 Members
The Qivalis alliance, aiming to launch bank-backed euro stablecoins, has added 25 new members, including major lenders such as ABN Amro and Rabobank, indicating increased institutional efforts to promote regulated on-chain euros.
EU Commission Begins Formal Review of MiCA Cryptocurrency Framework
The European Union has launched a public consultation to evaluate its milestone MiCA regulations. The review aims to ensure the framework remains effective amid the evolving global digital asset landscape.
Tether Acquires Shares in SoftBank’s Bitcoin-Centric Twenty One Capital
Tether, by purchasing all shares of SoftBank, has increased its investment in the publicly listed company Twenty One Capital (XXI), strengthening its commitment to the company’s Bitcoin-focused strategy.
Securitize Reports Record Revenue and Growth in Tokenized Assets
Tokenization platform Securitize announced record first-quarter revenue of $19.5 million, with a tokenized asset management scale reaching $3.4 billion, highlighting strong growth in the RWA sector driven by institutional partnerships.