Author: James Wilson

JPMorgan says tokenization could change how the funds industry operates, including the exchange-traded fund market.  Summary JPMorgan said tokenization could reshape ETFs and the wider funds industry over the coming years. Ciarán Fitzpatrick said strong ETF tokenization use cases may still be a few years away. Tokenized ETFs could support faster settlement, improved redemption, and wider access beyond normal market hours. Ciarán Fitzpatrick, JPMorgan’s global head of ETF product, said tokenization may affect ETFs and wider fund products over time. “We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds industry as…

Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the Kelp DAO exploit recovery plan.  Summary Aave and Kelp want Arbitrum DAO to release 30,765 ETH for rsETH recovery efforts. The funds would move to a Gnosis Safe managed by Aave, Kelp and Certora. Some Arbitrum delegates warned that the 49-day governance process may delay urgent recovery plans. The assets were frozen by the Arbitrum Security Council after being linked to the exploiter. The frozen ETH is worth about $71 million, based on Ethereum trading near $2,317 at the time…

US spot Bitcoin ETFs have logged eight consecutive days of net inflows totaling $2.1 billion through April 23, the longest inflow streak since the nine-day October 2025 run that carried Bitcoin to its $126,000 all-time high, with BlackRock’s IBIT responsible for roughly 75% of all capital entering the category. Summary US spot Bitcoin ETFs recorded eight straight days of net inflows totaling $2.1 billion through April 23, per SoSoValue data, the longest streak since October 2025. BlackRock’s IBIT captured approximately 75% of all inflows during the streak, adding $1.4 billion and pushing its total Bitcoin holdings to 809,870 BTC. Bitcoin…

US banking groups have escalated their campaign against the CLARITY Act by calling Senate offices directly, with the North Carolina Bankers Association confirmed on April 18 to be urging member banks to phone Senator Thom Tillis’s office personally to demand changes to the stablecoin yield compromise already agreed with the crypto industry. Summary The North Carolina Bankers Association has been urging member banks to call Senator Tillis’s office directly to oppose the stablecoin yield compromise, confirmed by journalist Eleanor Terrett on April 18. Banking trade associations have since broadened the campaign, lobbying other Senate Banking Committee members beyond Tillis and…

DeFi heavyweights urge the SEC to turn its temporary “non‑custodial UI” safe harbor into binding broker rules that shield neutral infrastructure from creeping regulation. Summary The Humanity Foundation has overhauled its $H vesting plan, giving investors until April 26 at 09:00 UTC to choose between a three‑year extended vest or a steeply discounted one‑time unlock in June. Early investor Trix Ventures has publicly opted for the 3:10 discounted immediate unlock, swapping 16,666,666 tokens for 5,000,000 $H, a 70% haircut that still implies roughly a 7x return on its seed‑stage entry. The decision sets up a classic tokenomics stress test: a…

BridgeTower Capital has officially adopted Chainlink’s full infrastructure stack to tokenize $11 billion in securities from the DOM X Arizona Copper-Gold Project, making it one of the largest live production tokenized asset deployments ever announced and positioning Chainlink as the core operational layer for a pipeline BridgeTower says exceeds $25 billion in natural resources, energy, and metals. Summary BridgeTower Capital announced on April 23 the adoption of Chainlink’s full stack to tokenize $11 billion in securities from the DOM X Arizona Copper-Gold Project, described by both companies as live production infrastructure rather than a pilot. BridgeTower is using Chainlink CCIP…

OpenAI released GPT-5.5 on April 23, its newest frontier model and the company’s most capable agentic system to date, designed to accept a messy multi-part task and plan, execute, and complete it without requiring step-by-step human guidance. Summary OpenAI released GPT-5.5 on April 23, 2026, positioning it as a new class of agentic intelligence built to handle autonomous, multi-step computer work with minimal instruction. The model scores 82.7% on Terminal-Bench 2.0, 84.9% on GDPval across 44 knowledge work occupations, and 78.7% on OSWorld-Verified, which tests autonomous operation of real computer environments. GPT-5.5 replaces GPT-5.4 as the default model for ChatGPT…

President Trump delivered a keynote address on April 25 at a Mar-a-Lago gala restricted to the top 297 holders of his Official TRUMP memecoin, with a private VIP reception and champagne toast reserved for the top 29, as Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal formally called the event an improper sale of presidential access. Summary President Trump confirmed his attendance and delivered a keynote at a Mar-a-Lago gala on April 25 open only to the top 297 TRUMP memecoin holders, with the top 29 receiving a private VIP reception. Eligibility was determined by a time-weighted points system measuring…

A coalition of more than 120 crypto organizations led by the Crypto Council for Innovation and the Blockchain Association sent a joint letter to the Senate Banking Committee on April 23 demanding an immediate markup of the CLARITY Act, warning that further delay risks pushing investment, jobs, and technological development offshore while ceding global regulatory standard-setting to other jurisdictions. Summary More than 120 crypto organizations including Coinbase, Ripple, Kraken, Circle, Uniswap Labs, Andreessen Horowitz, and Galaxy Digital sent a joint letter on April 23 demanding an immediate CLARITY Act markup. The letter was addressed to Banking Committee Chairman Tim Scott,…

Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio on April 23, a government money market fund exclusively designed to hold the cash reserves backing stablecoin issuers’ outstanding tokens, positioning the Wall Street giant to capture reserve management business ahead of the GENIUS Act’s expected passage. Summary Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio under ticker MSNXX on April 23, designed specifically to hold stablecoin issuers’ required reserves in GENIUS Act-compliant instruments. The fund invests exclusively in US Treasury bills with maturities of 93 days or less and overnight repo agreements collateralized by Treasuries, targeting a constant $1…