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Sun, May 17, 2026, 9:44 AM EDT

Crypto

AI Summary

  • Major financial institutions like SBI, Rakuten, and Nomura are reportedly planning to launch cryptocurrency investment trusts, signaling increasing institutional adoption.
  • Bitcoin experienced a significant price drop below $79K, influenced by macroeconomic concerns and outflows from spot Bitcoin ETFs, which saw $1 billion in losses over a week, breaking a six-week inflow streak.
  • Italy's largest bank has more than doubled its crypto holdings to $235 million in the first quarter, while other reports indicate strategic moves like Bitcoin giant Strategy considering repurchasing $1.5 billion in convertible debt, potentially through Bitcoin sales.
  • The US CLARITY Act has generated significant optimism within the crypto community, with proponents suggesting it will foster domestic innovation, though some partisan debates over ethics have emerged.
  • The THORChain protocol suffered a $10 million exploit, leading to trading halts and the implementation of a recovery portal, highlighting ongoing security challenges within the DeFi space.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


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