According to RIA Novosti, the Russian Ministry of Defense stated that it will launch ballistic and cruise missiles from test ranges within Russia.

Japan's nominal GDP grew by 0.8% quarter-on-quarter in the first quarter, below the expected 0.80% and the previous reading of 0.90%.

Crypto Markets/ETFs - Spot bitcoin ETFs recorded $649M in net outflows, the largest since January. - Bitcoin treasury firm Strategy bought another 24,869 BTC for $2B, pushing holdings above 4% of total bitcoin supply. - Bitmine increased ether treasury holdings to 5.28M ETH, exceeding $12B in value. - French bitcoin treasury firm Capital B bought $15M in BTC following a capital raise. Regulation/Policy - Minnesota signed a law allowing banks and credit unions to offer crypto custody services. - SEC innovation exemption for tokenized stocks could arrive as early as this week. - Bank of England and FCA launched consultation on tokenized UK wholesale markets. - Zerohash secured the first EMI license under MiCA for stablecoin and brokerage services in Europe. - Galaxy obtained a New York BitLicense to offer digital asset services. Stablecoins/Tokenization - Standard Chartered projects tokenized assets will reach $4T by end-2028, with DeFi protocols as key beneficiaries. - Bernstein says Clarity Act yield compromise strengthens Circle’s competitive position amid record stablecoin supply. - Tether invested in remittance fintech LemFi to expand USDT settlement across Africa and Asia. - Iran-linked report says Hormuz Safe bitcoin-settled insurance platform targets $10B generation. Industry/Corporate - Kraken co-CEO says revenue rose 3% to $507M, reflecting a “more resilient” business mix. Revolut unveiled its first physical crypto card. - Standard Chartered to absorb Zodia Custody’s crypto business into its own operations. - HIVE stock surged 35% after unveiling a 320MW AI gigafactory project in Toronto. - Bitcoin Depot filed for Chapter 11 to wind down operations. Technology/Security - BTCFi protocol Echo exploited, targeting the eBTC market on Monad. - Ethereum conviction strengthened as staked ETH continued rising despite weaker price performance. - Ostium’s onchain perpetuals exchange to use Nasdaq market data. - Two more Ethereum Foundation researchers resigned amid ongoing departures. - AEON raised $8M led by YZi Labs to build a settlement layer for AI agents. Legal/Crime - Ohio man sentenced to nine years for operating a $10M crypto Ponzi scheme.