Bitcoin, ETFs & Markets - Spot bitcoin ETFs log $649 million in net outflows, largest since January - Bitcoin slide extends as record ETF outflows and 60% rate-hike probability signal structural cracks beneath the rally: analysts - Bitwise calls HYPE

2026-05-20

Bitcoin, ETFs & Markets - Spot bitcoin ETFs log $649 million in net outflows, largest since January - Bitcoin slide extends as record ETF outflows and 60% rate-hike probability signal structural cracks beneath the rally: analysts - Bitwise calls HYPE a ‘Gen 2’ crypto token, says its undervalued - TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging - 'Follow the gigawatts': Bernstein sees upside in several bitcoin miners amid $90 billion in AI data center deals - Strive buys 382 BTC for roughly $30 million, holding spot as ninth-largest bitcoin treasury Stablecoins & Tokenization - Stablecoin supply tops $300 billion but growth stalls as Tether gains at rivals’ expense - Ethereum leads $65 billion RWA race as blockchains compete for institutional tokenization flows - Tokenized equities daily volume hits all-time high of $3.57 billion - Stablecoin infrastructure startup Checker raises $8 million from Galaxy Ventures and others - Wintermute enters DeFi vault space with Armitage, supporting 'collateral types that other curators cannot' Regulation & Policy - Donald Trump orders Fed to review giving crypto firms access to master accounts - Trump’s Truth Social withdraws bitcoin ETF application from SEC - CFTC sues Minnesota over first explicit state ban on prediction markets - Elizabeth Warren criticizes OCC over Ripple, Coinbase and other crypto trust charters - Japan's ruling party advances proposal to build national AI-blockchain financial system Companies & Funding - Tether, Gnosis co-lead $4.4 million seed round for lightweight mobile-friendly Sorted Wallet - Deloitte absorbs Blocknative team as crypto infra firm winds down APIs and Gas Network - Polymarket rolls out prediction markets tracking IPOs, valuations for private companies like OpenAI and SpaceX - Canaan posts $88.7 million Q1 net loss as revenue lands in line with guidance - WLFI treasury firm AI Financial posts $271 million quarterly net loss, flags doubt over survival within one year DeFi & Web3 - Lolli launches automatic bitcoin cashback on linked debit and credit card purchases - XRP Alliance debuts as Flare, D'CENT link hardware wallets to XRP yield vaults - Wall Street analysts increasingly value crypto firms as infrastructure, AI and capital markets platforms