institutions

CryptoQuant CEO Ki Young Ju posted on the X platform that the sell-off by Bitcoin OG whales and long-term miners is essentially a large-scale transfer of holdings to traditional financial institutions, investors, and ETFs in the United States.He believes that the ultimate value of an asset depends on who is holding it. If the new holders are entities that can bring greater liquidity, the next round of price increases could come at any time. Traditional financial institutions may provide a stronger demand base than OG whales, although this may dilute the values of crypto-punk ideals. Ki Young Ju feels regret about this but still believes that Bitcoin will have its next bull cycle, which is worth waiting for.

Bitwise Chief Investment Officer Matt Hougan posted on the X platform, stating that institutions are like large oil tankers, which have now adjusted their course to support cryptocurrencies, tokenization, and stablecoins.He believes that this trend will not slow down, regardless of price performance.

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.

According to on-chain analyst Yu Jin's monitoring, institutions continue to buy and stake HYPE, driving HYPE to set a new all-time high this morning, reaching a maximum of $75.8.According to on-chain data monitoring, in the past 10 hours, at least 1.136 million HYPE (approximately $82.42 million) have been withdrawn from trading platforms and deposited for staking by ETFs and institutions such as Bitwise Hyperliquid ETF, a16z, and Galaxy Digital. Among them, Bitwise Hyperliquid ETF (BHYP) withdrew 336,000 HYPE (approximately $24.43 million) from Coinbase and deposited it for staking;a16z withdrew 300,000 HYPE (approximately $21.58 million) from trading platforms such as Kraken and OKX and deposited it for staking; a certain address 0x279...BA8 withdrew 191,000 HYPE (approximately $13.80 million) from Coinbase Prime; a certain address 0x9C4...6FC withdrew 160,000 HYPE (approximately $11.71 million) from Coinbase and deposited it for staking; Galaxy Digital deposited 147,000 HYPE (approximately $10.90 million) for staking.

According to Yu Jin monitoring, the secondary investment institution Trend Research under Yi Lihua will transfer an additional 2.705 million UNI (approximately 8.71 million USD) and 114,000 COMP (approximately 2.13 million USD) to Binance, or is preparing to liquidate all positions, which would result in a loss of 40.29 million USD if sold.

According to Cointelegraph, the crypto analysis platform Swissblock stated that Bitcoin is sliding into a high-risk environment due to continuous selling by institutions. Its Bitcoin risk index is currently at 33 points, in the high-risk zone. Swissblock pointed out that every time the risk index signals a structural selling pressure overwhelming the market, it is backed by institutions selling off.Glassnode reported that since May 7, the U.S. Bitcoin ETF has recorded net outflows almost every trading day, with continuous institutional selling signals increasing pressure on the supply side for more than two weeks, while demand has not offset this. CoinEx chief analyst Jeff Ko stated that over the past two weeks, more than $2 billion has flowed out of spot ETFs, and institutional risk appetite remains in a marginally sensitive state. News of the U.S. launching new strikes against Iran on Tuesday morning further intensified the risk, causing Bitcoin to drop by 1%, falling from $77,000 to below $76,500.

The China Securities Regulatory Commission and seven other departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operating Activities."It is reported that the overall requirement of the "Rectification Plan" is to carry out concentrated rectification for two years, completely banning the illegal cross-border operating activities of foreign securities, futures, and fund operating institutions, and achieving the rectification goal of "resolutely banning the illegal and steadily cleaning up the existing stock."The targets of rectification include foreign institutions engaged in illegal cross-border securities, futures, and fund business, domestic related or cooperative entities assisting foreign institutions in illegal cross-border operations, illegal intermediaries soliciting domestic investors, internet platforms and online self-media that illegally publish information, and so on. Illegal cross-border operating activities of foreign institutions will be banned in accordance with the law, and behaviors of relevant entities that violate laws and regulations related to foreign exchange management, anti-money laundering, cybersecurity and information management, personal information protection, etc., will also be included in the scope of rectification.

According to Gate Ventures' latest weekly report, global markets were significantly pressured last week due to inflation data and rising energy prices. The S&P 500 index initially broke through 7,500 points for the first time, but subsequently fell back as both CPI and PPI data exceeded expectations, leading the market to begin pricing in potential interest rate hike risks. Against this backdrop, the cryptocurrency market also weakened, with BTC dropping 8.1% last week and ETH falling 10.2%. The spot BTC ETF recorded a net outflow of $1 billion, and market sentiment returned to the "panic" range.At the industry level, institutional investments in stablecoins and on-chain financial infrastructure are accelerating. JPMorgan is advancing a tokenized money market fund aimed at stablecoin issuers; DTCC will use Chainlink to build an all-weather collateral management network; Hana Bank has acquired a stake in Upbit operator Dunamu for $670 million, further reflecting that traditional financial institutions are accelerating their entry into the cryptocurrency infrastructure sector.In terms of investment and financing, a total of 14 financing deals were completed last week, with a total scale of $1.113 billion, of which financing in the infrastructure sector exceeded $1 billion, dominating the market. Blockchain analytics firm Elliptic completed a $120 million financing round, with Deutsche Bank and Nasdaq participating; Bitcoin custody platform Onramp also completed a $12.5 million Series A financing, continuing to expand its institutional-grade custody infrastructure. Overall, in the context of rising macro uncertainty, market funds continue to concentrate on compliance, custody, and institutional-grade services.

According to an official announcement, the National Credit Union Administration (NCUA) has released a proposed rule outlining the operational and risk management standards for stablecoin issuers permitted under the GENIUS Act. NCUA Chairman Kyle Hauptman stated that the proposed rule aims to ensure that credit unions are not at a disadvantage in terms of standards and aligns with the proposed standards for bank subsidiaries. The proposed rule has been published in the Federal Register, and the comment period will close on July 17, 2026.

According to News1, the Korean National Tax Service is piloting the custody and management of seized virtual assets by entrusting them to private cryptocurrency custody institutions for the first time, with plans to run a trial until the end of this year.Major custody institutions in Korea, such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock, are all prepared to participate. Although the budget for this pilot project is only about $5,800, the industry believes that obtaining a reference case from the "Korean National Tax Service project" is of symbolic significance.

Former Hong Kong Stock Exchange President Li Xiaojia stated at the second Caixin London Atlantic Dialogue that China can export productivity and financial services to regions such as the Global South to expand the influence of the renminbi. Chinese financial institutions can issue credit loans in these countries through financial technologies such as blockchain.

This week, the cryptocurrency market has reached a critical turning point, with market sentiment significantly improving. BTC successfully broke through $82,000, reaching a nearly three-month high, and firmly established a key support level at $81,000.On May 5, the U.S. spot BTC ETF recorded a net inflow of $467 million, with BlackRock contributing $251 million; on May 6, the ETH ETF also saw inflows exceeding $170 million for three consecutive days. The continued strength in capital indicates that institutional allocation has shifted from "experimental attempts" to strategic "core asset allocation."Against this backdrop, Gate has continuously optimized its institutional-level service system. With the SuperLink architecture and excellent cross-platform capital scheduling capabilities, Gate provides high-performance matching and deep liquidity support for institutional investors. To address the core demands of professional investors for compliance, security, and asset diversification, the platform offers a one-stop custody solution covering crypto assets, CFD contracts, perpetual contracts, and spot tokens.At the same time, Gate has built a comprehensive derivatives matrix covering stocks, metals, indices, foreign exchange, and commodities, helping global institutions achieve efficient strategy execution and risk management in a structural bull market.

Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that traditional financial institutions are changing their attitudes towards Bitcoin. He cited JPMorgan as an example, noting that the institution was still "diminishing" Bitcoin 18 months ago, but now allows clients to use Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions like Merrill and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they cannot continue to fight against industry trends, and thus have started to support the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost Bitcoin acquirer in the industry.

During the 2026 Hong Kong Web3 Carnival, the "RWA & Payments 2026" summit, co-hosted by StableStock, Mask, and BenPay, was held in Hong Kong, with MYBX invited as an official partner.According to reports, the MYBX team communicated with institutions such as Bitget Wallet, Cobo, Aleo, Conflux, and CREGIS during the summit regarding RWA asset clearing, payment protocol interoperability, and trading infrastructure, and discussed topics such as high-concurrency matching, atomic clearing, and on-chain payments in conjunction with the MYBX 2.0 trading system.

According to CoinDesk, Angus Fletcher, head of digital assets at State Street Bank, stated at the Consensus Miami conference that in light of the recent surge in DeFi attack incidents, institutional investors are looking for improvements in blockchain security. He pointed out that the young crypto industry needs to find solutions now before trillions of dollars in real-world assets are put on-chain.Fletcher believes that the interoperability between blockchains needs to be clearly defined and understood, and institutional clients need to understand the legal ownership and rights of cross-chain tokens. Dennis Bree, head of Morpho, stated that April could be the month with the most hacker attacks in DeFi history, and regulators are conducting more due diligence on the security of collateralized assets.

According to ETHNews, Ripple Prime has joined the tokenization pilot working group of the Depository Trust & Clearing Corporation (DTCC) in the United States, with participating institutions including BlackRock, JPMorgan, HSBC, Anchorage Digital, Bank of America, BitGo Bank, and others.The report states that the working group aims to promote the infrastructure and industry standards related to tokenized securities, covering various market roles such as custodians, asset management companies, brokers, trading venues, application providers, and back-office service providers.DTCC previously stated that it plans to initiate limited production trading of tokenized assets in July 2026 and to fully commercialize related services in October 2026. This plan will support tokenization services for major index ETFs, Russell 1000 index constituents, and U.S. Treasury securities, among other assets.

According to the Wall Street Journal, citing informed sources, Anthropic plans to jointly invest $1.5 billion with several Wall Street institutions to establish a joint venture, with Anthropic, Blackstone Group, and Hellman & Friedman each contributing $300 million, and Goldman Sachs contributing $150 million.The company will help private equity firms and their portfolio companies integrate and adopt AI tools to enhance operational efficiency. Informed sources said the announcement is expected to be made as early as Monday.