Wells Fargo boosted Blackrock Ether ETF holdings by 63% to 1.1M shares by March 31. Wells Fargo cut Galaxy Digital exposure by 97% while adding $41.6M to Strategy shares. Bitcoin ETF holdings shifted in Q1 2026 as Wells Fargo diversified crypto exposure.
The bearish trend reversed in 2024 with a 30.5% gain, driven by renewed institutional interest and ETF momentum across the crypto sector. That trend continued into May 2025 with a modest 6% gain. Now in 2026, Solana has already posted gains of about 15%-the second-best May performance in SOL's history.
According to an indictment, the men, along with another suspect, posed as UPS, pizza delivery and DoorDash drivers to gain access to victims' homes. Prosecutors allege they were armed with guns, duct tape and zip ties, and in at least one incident forced a victim to give up cryptocurrency account information while threatening to cut off the victim's finger.
JPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets. JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules. Blackrock's BUIDL surpassed $2.8B in AUM by early 2026, setting the pace in tokenized Treasury competition.
Schumer publicly backed crypto legislation, saying Democrats want a good crypto bill to pass in 2026. The GENIUS Act passed the Senate 68-30 in 2025, with 18 Democrats voting yes despite Schumer's earlier resistance. Senate Banking Chair Tim Scott has targeted a CLARITY Act markup for May 14 and a floor vote by June or July.
Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, targeting firms already regulated in Singapore, ADGM, or Hong Kong. DK Bank guarantees corporate accounts for all GMC-licensed companies, supporting 9 currencies and BTC-backed lending from day one. GMC offers 0% corporate tax for qualifying firms and foreign talent tax exemptions through 2030, positioning the SAR as a regional financial hub.
The Senate approved Warsh in a 51-45 vote that fell along party lines, with Sen. John Fetterman joining Republicans in support of the nominee. If confirmed as chair, Warsh would replace Jerome Powell, whose term leading the central bank ends Friday. Warsh's rise has drawn attention across financial markets and the Bitcoin industry because of his public support for bitcoin and his ties to crypto-related firms.
The TRUMP meme team wallet moved $17.22M in tokens to Bitgo custody on May 11. This is the third major Bitgo transfer; prior moves of $31.45M and $23.18M preceded price drops. TRUMP has fallen roughly 96% from its 2025 peak, yet team allocation wallets remain active.
Galaxy Digital and Sharplink formed a $125M fund, moving DeFi to institutional treasuries. Holding 870K ETH, Sharplink proves large firms can safely access onchain market yields. Next, Galaxy will manage the $125M pool to generate risk-managed ETH returns for investors. Decentralized finance has shifted from a retail-based, low liquidity niche sector to an industry that can be leveraged by institutional investors to diversify their treasury management.
