The collaboration aims to bring regulated custody and staking for JitoSOL to South Korea as institutions prepare for new crypto rules. Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to explore institutional custody and staking support for JitoSOL in the local market. According to Monday’s announcement, the agreement includes outreach to institutional investors and the development of compliant custody and staking pathways. It comes as South Korea’s Financial Services Commission is expected to finalize a digital asset regulatory framework later this year. Read more
The Fellowship PAC reported spending $300,000 on advertising for a Republican running to represent Georgia's 14th Congressional District in 2026. Fellowship, a super political action committee (PAC) that claims to have $100 million in its war chest from crypto-aligned parties ahead of the 2026 US midterms, has begun reporting spending and endorsements for the next election. According to a filing with the Federal Election Commission (FEC), the Fellowship PAC reported spending $300,000 on advertising for Clay Fuller, a Republican who won a special election for Georgia's 14th Congressional District to replace resigning congresswoman Marjorie Taylor Greene. The spending, reported disbursed on Tuesday, comes about a month before Georgia’s Republican primary on May 19. Fellowship is just one of several crypto-backed or aligned PACs expected to pour money to support or oppose candidates in another critical US election season. In 2024, the Fairshake PAC spent more than $130 million in media buys in congressional race...
Bitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk. Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war. Key points: Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead. Read more
The European Central Bank said tokenization could improve EU capital markets, but only with central bank money, interoperable infrastructure and resilient regulation. The European Central Bank (ECB) set out a cautious path toward tokenizing Europe’s capital markets, saying the technology can deliver efficiency gains only if it remains anchored to central bank money, infrastructures remain interoperable, and regulation is “robust and supportive.” In its latest Macroprudential Bulletin published on Monday, the ECB said distributed ledger technology (DLT) could help deepen the European Union’s savings and investments union, but warned that benefits will depend on interoperable infrastructure and policymakers keeping pace with new risks. The central bank’s stance highlights a push to modernize market plumbing in the bloc without loosening control over settlement or financial stability. Read more