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According to CoinDesk, Galaxy Digital and State Street have jointly launched the tokenized fund "State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)," which migrates cash management and yield products to the blockchain network, achieving 24/7 on-chain liquidity management.This product allows institutional investors to allocate stablecoins into the fund, maintaining redemption capabilities while earning yields, breaking through the trading hour restrictions of traditional money market funds. The fund is initially built on Solana and plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage Digital provides custody services, and State Street manages the underlying traditional securities assets.This launch continues the trend of institutional exploration of on-chain cash management. Previously, BlackRock's BUIDL fund validated institutional demand for tokenized U.S. Treasury products, driving continuous capital inflow into on-chain fixed income assets. Currently, State Street manages over $5 trillion in assets, and this move is seen as an important step towards fully tokenizing traditional financial products, while also marking the gradual extension of on-chain financial infrastructure into the institutional cash management sector.

According to Cointelegraph, the Bank of Italy is urging the EU to consider building a tokenized version of the SEPA payment system to keep up with the pace of financial innovation.SEPA, or the Single Euro Payments Area, aims to unify cross-border payment standards within the Eurozone. The Bank of Italy believes that with the development of tokenization and blockchain payments, the EU needs to assess the upgrade path for existing payment infrastructure.

According to Cointelegraph, several major banking organizations in the United States have jointly stated that despite senators attempting to prohibit stablecoins from generating yields through the CLARITY Act, the latest wording in the bill still contains loopholes that fail to effectively prevent the outflow of bank deposits and do not adequately protect bank deposits.In a joint statement released, the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America pointed out that Section 404 of the bill allows crypto platforms to pay users interest or yields similar to bank deposits outside traditional rules, which is a significant loophole that needs to be addressed.Bank representatives warned that if the loophole is not closed, the large-scale adoption of stablecoins could lead to the loss of trillions of dollars in deposits from the U.S. banking system, particularly community banks, and could reduce loans to consumers, small businesses, and agriculture by more than one-fifth.Senator Thom Tillis responded that the current text has reached a compromise: it prohibits rewards on idle balances of stablecoins while allowing crypto platforms to offer other forms of customer rewards, believing this provides a possibility for bipartisan passage of the bill.However, the banking industry stated that it will submit specific amendment proposals to lawmakers in the coming days. The current text of the CLARITY Act was made public last Friday, and the crypto industry, including Coinbase, is pushing for a vote in the Senate next week.

According to The Block, SC Ventures, the fintech and investment division of Standard Chartered Bank, has made a strategic investment in the crypto market maker GSR.The company has also been expanding into other tokenized financial services recently. This investment makes SC Ventures the first external strategic shareholder of GSR since its establishment in 2013.

According to Jinshi reports, Federal Reserve's Williams stated that inflation remaining persistently above the target is clearly a focus of concern for central bank officials.

According to CoinDesk, Amy Oldenburg, the head of digital asset strategy at Morgan Stanley, stated at the Bitcoin conference in Las Vegas that U.S. banks may hold Bitcoin on their balance sheets in the future, but the timeline remains uncertain due to guidance from the Federal Reserve, Basel agreements, and global regulatory requirements.Meanwhile, Morgan Stanley's recently launched first bank-issued Bitcoin ETP product, MSBT, attracted over $100 million in inflows within the first six days of its launch, all from self-directed investment channels and has not yet been opened to financial advisors.Oldenburg pointed out that the slow adoption on the advisory side is mainly due to an education gap. The bank has initiated internal training programs to address this and is applying for an OCC digital trust license to support direct custody of crypto assets and spot crypto trading services.

Coinbase stated that a key disagreement regarding the yield terms for stablecoin holdings has been resolved with traditional banks, clearing the way for the U.S. Senate to advance the cryptocurrency market structure bill.Previously, banks had lobbied to restrict or prohibit exchanges from providing yields to stablecoin holders, mainly concerned about funds flowing out of the banking deposit system. Coinbase's Chief Policy Officer Faryar Shirzad indicated that the final plan, while adding some restrictions, still preserves the space for users to earn rewards through crypto platforms and networks based on actual use cases. This progress is expected to push the "Clarity Act" into the voting process in the Senate Banking Committee, further clarifying the division of responsibilities between the SEC and CFTC in the regulation of crypto assets.

According to Bloomberg, the UK Treasury and the Bank of England are discussing slowing down the progress of the "Britcoin" digital pound project, with the "advance or halt" decision originally scheduled for this summer possibly being changed to a temporary pause.Sources say that regulators want to first observe the progress of banks in areas such as tokenized deposits, as these private innovations may achieve some similar rapid low-cost payment functions to CBDCs or stablecoins within the existing regulatory framework. The digital pound is currently nearing the end of its design phase, but it faces public, parliamentary, and some officials' doubts regarding privacy, necessity, and its impact on the commercial banking system. Internal research from the Bank of England also shows that as digital payment methods improve, the marginal benefits of launching a retail CBDC are declining.

Members of the U.S. Senate Banking Committee announced a compromise text on the "Clarity Act" on Friday, which allows cryptocurrency companies to continue implementing stablecoin reward programs but prohibits them from offering stablecoin yields equivalent to bank deposit functions or economic benefits.

Japanese financial giant SBI Holdings has begun negotiations to acquire shares in the cryptocurrency exchange platform Bitbank, aiming to turn it into a consolidated subsidiary. SBI Chairman and President Yoshitaka Kitao stated that the company has submitted a letter of intent for the acquisition and has started discussions with Bitbank regarding capital and business cooperation. The specific timing and structure of the acquisition will be determined after due diligence and internal procedures are completed.Bitbank is one of Japan's major domestic cryptocurrency exchange platforms and has not experienced any hacking incidents since its establishment in 2014, with security as its core selling point. As cryptocurrency assets are gradually incorporated into Japan's Financial Instruments and Exchange Act, SBI believes that integrating Bitbank into the group will enhance its position in the Japanese cryptocurrency market. This move comes as SBI continues to consolidate its cryptocurrency exchange platform SBI VC Trade. Last month, SBI incorporated another exchange platform, Bitpoint Japan, into this department to streamline operations and improve profitability.Earlier this week, Bitbank also launched Japan's first credit card linked to cryptocurrency assets, allowing users to pay bills using assets like Bitcoin based on their exchange holdings, and offering a 0.5% cashback on cryptocurrency asset spending.

According to Cointelegraph, the Central Bank of Brazil (Banco Central do Brasil, BCB) issued Resolution No. 561, prohibiting the use of virtual assets for settlement within the regulated international payment and transfer services (eFX) framework, further tightening the regulation of crypto assets in the cross-border payment sector.Under the new regulations, payments and receipts between eFX service providers and their overseas counterparts must be completed solely through foreign exchange transactions or transfers of funds from non-resident Brazilian real accounts, and the use of crypto assets or stablecoins for settlement is not allowed. This restriction also applies to eFX service providers that have not yet been formally included in the approved category but are in a transitional period; these institutions must apply for authorization from the Central Bank of Brazil by May 31, 2027, if they wish to continue operating.This regulation does not constitute a comprehensive ban on crypto asset transfers in Brazil, but rather explicitly excludes crypto assets and stablecoins from the regulated eFX cross-border payment channels, reinforcing that cross-border capital flows must be regulated through the official foreign exchange system.

According to market news, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and transfer services.The new regulation requires that payments or receipts between eFX service providers and foreign counterparties must be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that have not yet been approved but are in a transitional period. The rule does not completely ban cryptocurrency transfers in Brazil, but rather excludes virtual assets and stablecoins from regulated eFX channels.

According to Jinshi reports, Standard Chartered Bank expects the European Central Bank to raise interest rates by 25 basis points in June, whereas the previous forecast was for rates to remain unchanged.

According to Jinshi News, ING analyst Carsten Brzeski stated in a report that ECB President Lagarde's remarks at the press conference indicate that a rate hike in June is one step closer. Lagarde emphasized that the risks on both growth and inflation are intensifying, although the decision to keep interest rates unchanged was unanimous. Brzeski pointed out that the ECB has introduced a clear inclination towards rate hikes in its wait-and-see stance.

According to the Financial Times, sources revealed that SoftBank Group plans to establish and list an independent smart robotics and data center company named "Roze" in the United States. SoftBank aims to take Roze public within this year, with a target valuation of $100 billion.SoftBank CEO Masayoshi Son is driving this process, which aims to make up for the hundreds of billions of dollars the company has invested in the field of artificial intelligence. SoftBank has been continuously increasing its debt, and Son is trying to position himself as a key player in the global AI boom, having made significant investments in OpenAI.

According to Jinshi News, major investment banks have conducted forward-looking analyses on the Federal Reserve's future interest rate path. Wells Fargo and ING both expect the Federal Reserve to cut rates by 25 basis points in September and December. ANZ believes that the rate-cutting cycle may restart in the third quarter. Goldman Sachs and Barclays also stated that if inflation falls, the Federal Reserve will ease policy around September. Bank of America predicts that the rate cut could reach 50 basis points.

According to The Block, Standard Chartered's latest report points out that the theft of KelpDAO's rsETH, while causing a severe impact on the DeFi ecosystem, is not enough to change the long-term growth trend of real-world asset (RWA) tokenization.Geoffrey Kendrick, head of digital asset research at Standard Chartered, stated that this incident is more like DeFi being "bent, not broken," and may even become an important turning point for the industry towards a more resilient structure.Standard Chartered maintains its forecast: by the end of 2028, the RWA tokenization market size will grow from $35 billion in October 2025 to $2 trillion, with the core driving force still coming from the continued expansion of the DeFi banking system and stablecoin liquidity.

According to The Block, Ales Michl, the Governor of the Czech National Bank, delivered a keynote speech at the Bitcoin 2026 conference in Las Vegas, publicly advocating for the inclusion of Bitcoin in the central bank's reserve portfolio. Michl stated that the bank manages approximately $180 billion in reserves, and internal research shows that allocating just 1% of assets to Bitcoin could enhance overall expected returns with minimal change in risk, due to Bitcoin's low correlation with other reserve assets.The Czech National Bank had previously completed its first test purchase of Bitcoin in November 2025, becoming the world's first central bank to acquire Bitcoin.