Wall Street | Crypto

As RWAs cross $32 billion and JPMorgan files for a new tokenized fund, Axis CEO Chris Kim argues that the industry is celebrating the wrong milestone. Real-world assets (RWA) crossed $32 billion in market value for the first time on Tuesday, as Wall Street’s love affair with tokenization continues to accelerate. JPMorgan was the latest to double down on its interest through a filing with the Securities and Exchange Commission for a new tokenized money-market fund for stablecoin issuers on Ethereum. Not everyone is impressed by the big names and numbers. Read more

XRP is rising into a market split between traditional finance infrastructure and crypto-native skepticism. According to CryptoSlate's data, the token recently traded above $1.46 as spot-market indicators improved, exchange-traded funds drew their strongest daily inflows in more than four months, and Ripple expanded the credit capacity behind its institutional prime brokerage business. However, this came […] The post Wall Street is buying XRP while Binance traders keep betting against it appeared first on CryptoSlate.

The company said its platform now supports tokenized equities, funds and money market instruments across trading, settlement and post-trade operations. Broadridge Financial Solutions said it expanded its infrastructure to support tokenized securities alongside traditional assets, as Wall Street firms pour into building systems for blockchain-based trading and settlement. The financial technology company focused on institutional securities markets said on Tuesday that its platform now supports tokenized equities, funds, alternative assets and money market instruments across trading, order routing and post-trade operations. The New York Stock Exchange-listed company added that the system connects to public and permissioned blockchain networks including Ethereum-compatible chains and Canton. On Monday, the company said it had begun operating an Agentic AI platform for capital markets and wealth management workflows. Read more

Circle shares surged as analysts pointed to expanding stablecoin use cases and forecast significant upside as USDC adoption continues to gain traction. Shares of stablecoin issuer Circle surged Monday after the company reported mostly upbeat earnings and disclosed that a major crypto venture capital fund had purchased $222 million worth of its blockchain tokens. Circle’s shares rose almost 16% to close at $131.76, its highest level since March 18, according to Yahoo Finance. CRCL stock gave back some of its gains in initial after-hours activity. The gain extends Circle’s strong run in 2026. Shares are now up 66% year to date, giving the company a market capitalization of roughly $35 billion. Read more

Strike CEO Jack Mallers argued that if Wall Street “kills” Bitcoin, then the asset was never going to succeed in the first place. Bitcoin payments application Strike CEO Jack Mallers said that Wall Street’s growing involvement in Bitcoin poses no threat or conflict to the asset itself. “My one-word answer to that is no,” Mallers told Danny Knowles on the What Bitcoin Did podcast published to YouTube on Thursday, in response to whether institutional involvement threatens Bitcoin’s core principles. “If Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place,” Mallers said. Read more

Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption. Institutional capital is flowing back into digital assets, but this cycle looks very different from the last one. Prediction markets are beginning to attract serious attention from Wall Street, Bitcoin exchange-traded funds (ETFs) are once again seeing large inflows and venture giant a16z is loading up another multibillion-dollar crypto war chest. Meanwhile, traditional banks are quietly accelerating their push into tokenized finance infrastructure. Taken together, this week’s Crypto Biz points to a broader shift underway across the industry. Crypto companies are no longer just chasing retail traders — they’re increasingly building products for asset managers, banks, hedge funds and institutional investors looking for regulated ways to access digital assets. Read more

Clearing giant's move toward live tokenization market adds weight to Wall Street's blockchain push.

Global equity funds pulled in over $15 billion in the week through Apr. 1, then $23.47 billion, $31.26 billion, and finally $48.72 billion in the week through Apr. 22. Global money-market funds simultaneously bled a $173.24 billion outflow in the week through Apr. 15, the biggest single-week exit from cash since at least September 2018. […] The post Wall Street’s $292 billion risk-on rotation just created a new bullish setup for Bitcoin appeared first on CryptoSlate.

The CLARITY Act has stalled in Senate Banking deliberations, setting back an array of market rules that would solidify into law most of the pro-crypto stance that took hold in the President Donald Trump administration. Yet, Congress may have handed crypto markets an unexpected experiment. Galaxy Research puts the odds of enactment this year at […] The post CLARITY’s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view appeared first on CryptoSlate.

The Bitcoin ETF trade sold investors a simple promise: crypto exposure inside a wrapper that looked and felt like mainstream finance. Advisors could buy it, compliance teams could understand it, and institutions could route capital into digital assets through a product that fits the rest of their strategy. That promise worked, and the US spot […] The post Grayscale moves away from Coinbase for new ETF product – Is Wall Street building a post-Coinbase custody map? appeared first on CryptoSlate.

The S&P 500 closed at 7,126 on April 17, another record, while the University of Michigan’s preliminary April consumer sentiment reading fell to 47.6, the weakest print in the survey’s history. The split on the screen looks surreal. Charlie Bilello shared the chart below, highlighting the gap. Wall Street is trading at altitude. Households are […] The post What Happens to Bitcoin if the TradFi rally breaks? Wall Street keeps printing record highs but consumer confidence just hit rock bottom appeared first on CryptoSlate.

Institutional investors are looking past the crypto market’s two largest behemoths, aggressively rotating capital into alternative cryptocurrencies as geopolitical tensions in the Middle East agitate traditional markets. Data from SoSoValue shows that US-based investment vehicles tracking the spot price of XRP absorbed $55.39 million in fresh capital over the past week, positioning the asset as […] The post Wall Street moves beyond the Bitcoin ETF trade as XRP leads altcoins on fragile macro relief appeared first on CryptoSlate.

Morgan Stanley launched its spot Bitcoin ETF on Apr. 8 on NYSE Arca, calling MSBT the first cryptocurrency ETP from a US bank-affiliated asset manager and pricing its sponsor fee at 0.14%, the lowest Bitcoin ETP sponsor fee. By Apr. 16, Farside Investors' data showed cumulative net inflows of $116 million across seven trading sessions. […] The post Morgan Stanley’s $116M Bitcoin ETF debut is tiny next to $1.9T, and that’s why Wall Street will notice appeared first on CryptoSlate.

Bitcoin's network just recorded its lowest activity in eight years, and the price has barely flinched. CryptoQuant flagged that active BTC addresses hit their lowest level since 2016 on Apr. 8. At the same time, Glassnode's latest 24-hour reading puts active addresses at 661,313, a number that, set against a price near $78,000, produces one […] The post Bitcoin network activity just hit an 8-year low — has Wall Street replaced retail in the market? appeared first on CryptoSlate.

After losing 63% of its value over several tough months and challenging investor confidence, XRP made a strong comeback in April. XRP’s recovery is driven by new privacy features for institutions, major retail adoption in Asia, and renewed interest in exchange-traded funds. Cryptorank data shows XRP is on track for its first positive monthly close since September […] The post XRP flips green after a 63% wipeout as retail fear hits a 2-year extreme – now one Wall Street metric is spiking appeared first on CryptoSlate.

A two-week conditional ceasefire between the U.S. and Iran has forced a rapid rewrite of the Strait of Hormuz trade, but it has not fully restored the pre-war macro backdrop. Oil has fallen sharply from the panic highs, global equities have rallied, and Bitcoin has rebounded with them. That is a clear break from the […] The post Bitcoin’s rebound may be fragile as Wall Street warns Hormuz disruption is not really over appeared first on CryptoSlate.

Citadel Securities' latest SEC filing and Blockchain Association's response expose something more consequential: an early public battle over the real prize in tokenized stocks. Wall Street's goal is to remain indispensable when equities become tokenized. The establishment's position on tokenization has moved faster than most observers expected. Citadel Securities says it welcomes tokenization because it […] The post New crypto fight with the SEC could decide whether Wall Street keeps control when stocks move to blockchain appeared first on CryptoSlate.

EDX Markets’ bid for a federal trust bank charter is not just another crypto expansion story. It is a live test of whether Wall Street-backed firms can move more of crypto’s custody and settlement stack inside the U.S. banking perimeter. Citadel Securities, Fidelity, and Schwab-backed EDX wants to bring equity market structure to crypto through […] The post Citadel Securities and Fidelity just made their clearest move yet to rebuild crypto like Wall Street appeared first on CryptoSlate.

Bitcoin still has not reclaimed 2017-level public attention Bitcoin has more institutional access than at any point in its history. Spot ETFs opened a regulated route for capital that spent years on the sidelines. Corporate treasury buyers pushed the asset deeper into boardroom discussion. Reserve language entered the political and market debate with unusual force. […] The post Why global interest in Bitcoin is still way below 2017 peak even after winning over Wall Street appeared first on CryptoSlate.

The federal government is preparing to redraw the boundaries of America's retirement accounts. The US Department of Labor has proposed a new rule clarifying how 401(k) fiduciaries (the employer committees legally responsible for plan investment decisions) should evaluate so-called “alternative” assets, including private equity, private credit, and…digital assets. The proposal came directly out of an […] The post Wall Street sees a $10 trillion opening as Washington rewrites 401(k) rules appeared first on CryptoSlate.