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According to the latest 13F filing, Wall Street quantitative trading giant Jane Street significantly reduced its holdings in multiple Bitcoin-related assets in the first quarter of 2026, while increasing its positions in Ethereum ETFs and some crypto stocks. Among them, Jane Street's holdings in BlackRock's IBIT shares decreased by about 71% to 5.9 million shares, valued at approximately $225 million; Fidelity's FBTC holdings were reduced by about 60% to about 2 million shares, valued at approximately $115 million. In addition, its Strategy holdings also fell from about 968,000 shares in the fourth quarter of 2025 to about 210,000 shares, with the value dropping from about $146 million to about $27 million, while it also reduced its holdings in Bitcoin mining stocks such as IREN, Cipher Mining, TeraWulf, and Core Scientific.On the other hand, Jane Street significantly increased its holdings in Ethereum ETFs, with BlackRock's ETHA and Fidelity's ETH funds adding approximately $82 million in new positions. At the same time, its holdings in Riot Platforms, Coinbase, and Galaxy Digital all increased, with Galaxy Digital's holdings rising sharply from about 17,000 shares to about 1.5 million shares.

According to Bits.media, Wells Fargo disclosed its holdings in cryptocurrency ETFs to the U.S. SEC. In the first quarter, the bank increased its position in Ethereum ETFs, with a 63.5% increase in shares of BlackRock's iShares Ethereum Trust ETF (ETHA), rising from 672,600 shares to 1,100,000 shares; and a 37% increase in shares of Bitwise Ethereum ETF (ETHW), rising from 186,800 shares to 257,000 shares. Despite a net outflow of approximately $769 million from Ethereum spot ETFs in the first quarter and a 29% drop in ETH prices, Wells Fargo still holds about $21.5 million in Ethereum ETFs, with BlackRock products accounting for $17.6 million.In terms of Bitcoin ETFs, the bank's investments in Bitwise Bitcoin ETF and Grayscale Bitcoin Mini Trust grew by approximately 24% and 41%, respectively. BlackRock's iShares Bitcoin Trust remains the main holding, at about $250 million. Wells Fargo also significantly adjusted its holdings in cryptocurrency-related stocks: it reduced its stake in Galaxy Digital by 97%, from 2.5 million shares to 78,600 shares; while increasing its stake in Strategy by 125%, from 322,700 shares to approximately 726,000 shares.

According to Gate market data, the US dollar index DXY has fallen more than 15 points in the short term, currently reported at 98.09.

According to Forbes, Galaxy, under Novogratz, announced a partnership with the Ethereum treasury company Sharplink to launch the "Galaxy Sharplink Onchain Yield Fund," with a total scale of $125 million, expected to officially launch in a few weeks.Of this, $100 million comes from Sharplink's Ethereum treasury, and $25 million is injected from Galaxy's own funds. Galaxy will serve as the exclusive manager of the fund, responsible for protocol selection, position management, and risk control. The fund will focus on active DeFi strategies such as lending and liquidity provision, aiming for an annualized return of over 10%.

According to Blockaid monitoring, Ink Finance's Workspace Treasury Proxy on Polygon was attacked a few minutes ago, resulting in a loss of approximately $140,000.

According to a post by Galaxy Digital on Sunday, seven Democratic senators on the Senate Banking Committee may be the key force behind the passage of the Digital Asset Market Clarification Act (CLARITY Act), which is scheduled for committee review on Thursday.Galaxy identified Ruben Gallego and Angela Alsobrooks as constructive/supportive; Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock were listed as conditional facilitators, having voted in favor of the GENIUS Act but calling for strengthened safeguards such as anti-money laundering measures; Lisa Blunt Rochester was marked as having an uncertain stance, having supported the crypto framework but voting against the GENIUS Act.Galaxy stated that if Democrats vote in support during the review, the likelihood of the bill passing in the full Senate would significantly increase. The bill needs the support of at least half of the 24 members of the Banking Committee to proceed to a full Senate vote. Coinbase's Vice President of U.S. Policy, Kara Calvert, pointed out that the bill requires at least 60 votes and bipartisan support to become law in the Senate. The CLARITY Act was proposed in July 2025 and was stalled earlier this year when Coinbase withdrew its support.

Galaxy Research Research Director Alex Thorn published a post disclosing that Galaxy Research released a latest report rebutting the banking industry's assertion that the GENIUS Act will impact U.S. bank deposits, and provided quantitative estimates.The core findings of the report are as follows: Under the framework of the GENIUS Act, 60% to 70% of the incremental stablecoins will come from overseas, with the inflow of overseas deposits being about twice the amount of domestic deposit migration, indicating a net increase overall rather than a transfer of existing stock; each newly minted GENIUS stablecoin can generate approximately 32 cents of net credit for the U.S. economy; by 2030, under the baseline scenario, the total scale of credit expansion is about $400 billion, and in an optimistic scenario, it could reach $1.2 trillion.In addition, the short-end yield on U.S. Treasuries (T-bills) will be compressed by 3 to 5 basis points, potentially saving taxpayers up to $3 billion in borrowing costs each year. The report also points out that the interest pass-through mechanism does not pose a survival threat to the U.S. banking industry; it is merely a redistribution of profit margins and will not reduce overall credit capacity.

According to Gate market data, the US dollar index DXY has touched down to 98, with an intraday decline of 0.27%.

According to Gate market data, the US dollar index DXY has fallen below the 98 mark, with an intraday decline of 0.5%.

State Street has partnered with Galaxy to launch the on-chain liquidity fund SWEEP, allowing investors to "one-click transfer" stablecoins into yield-bearing tokenized assets, achieving 24/7 on-chain cash management.The fund will initially be deployed on Solana, with plans to expand to Stellar and Ethereum in the future, and integrate infrastructure such as Chainlink. SWEEP is aimed at qualified investors and is positioned similarly to BlackRock's BUIDL and other products, providing bond-like yields through an on-chain structure, representing the latest exploration of the integration of traditional asset management and blockchain.

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.

Galaxy Research Director Alex Thorn posted on the X platform that the CLARITY Act currently has a higher urgency, one reason being the intense competition for control of the U.S. Senate. If the Democrats regain control of the Senate, former Senator Sherrod Brown may reclaim the chairmanship of the Senate Banking Committee; however, if he fails to win the Ohio Senate election but the Democrats still secure control of the Senate, the committee may be led by Elizabeth Warren.The potential personnel changes mentioned above could significantly impact the regulatory direction of the cryptocurrency industry, thereby increasing the real urgency for advancing the CLARITY Act. Note: Elizabeth Warren is not friendly towards the cryptocurrency industry; she has urged the U.S. Treasury to implement strict accompanying rules for the GENIUS Act and has explicitly issued guidance prohibiting the use of federal resources such as the foreign exchange stabilization fund or the Federal Reserve's emergency lending tools to backstop stablecoins and the cryptocurrency industry.

Alex Thorn, the research director at Galaxy, posted on the X platform that after in-depth discussions with several individuals in the Bitcoin industry regarding quantum computing and Bitcoin issues, he believes that the market is gradually reaching a consensus: First, the approximately 1.1 million BTC held by Satoshi Nakamoto (distributed across about 22,000 P2PK addresses) should not be casually used. If their property rights are infringed upon to address quantum risks, it could undermine the core value proposition of Bitcoin. Even in extreme cases where these BTC are transferred, the market has a strong absorption capacity and can further mitigate risks through solutions like "Hourglass."Second, promoting research, testing, and signature compression of new cryptographic technologies such as quantum-resistant (PQ) cryptography for Bitcoin is a positive direction. It can prepare emergency plans in advance, but care should be taken to avoid causing a consensus deadlock or introducing inadequately verified new risks by prematurely pushing for protocol layer implementation. Even if the quantum threat has only a 1% chance of impacting Bitcoin, it is worth continuing to invest in research.

According to the official documentation from Tradexyz, the decentralized trading platform Tradexyz has officially added a Pre-IPO perpetual contract market in its product documentation. This product is a cash-settled perpetual derivative that references the expected public equity of the issuer planning to go public, used for price discovery before the IPO.XYZ emphasizes that the Pre-IPO perpetual contracts are not stocks, IPO allocations, tokenized equity, or securities rights, and holding positions does not confer ownership, voting rights, dividend rights, or any claims against the issuer. After the IPO, the relevant market is expected to transition to standard external pricing perpetual contracts once sufficient external data is available; if the IPO is delayed, fails, or undergoes significant changes, the market will settle according to the established Outside Launch Date, Settlement Period, and TWAP mechanisms.

According to Gate market data, the dollar index DXY has expanded its intraday decline to 0.8%. Non-US currencies have risen, with the Australian dollar against the US dollar AUD/USD increasing by more than 1% intraday, currently reported at 0.7187. The US dollar against the Canadian dollar USD/CAD has dropped by more than 0.5% intraday, currently reported at 1.3615.

According to Gate market data, the US dollar index DXY has fallen by 0.5% during the day, currently reported at 98.45.

Galaxy Digital (GLXY), a digital asset and AI infrastructure company, released its Q1 financial report, showing a net loss of $216 million during the reporting period, primarily due to the decline in digital asset prices. The value of the company's cryptocurrency holdings dropped from $1.67 billion in Q4 2025 to $1.36 billion at the beginning of 2026. Despite the pressure on performance, the company's stock price rose 5% on Tuesday, mainly due to the smooth progress of its AI infrastructure business, having delivered its first data hall to CoreWeave and committing to complete the remaining 133 MW of AI/IT infrastructure by the end of Q2.Additionally, Wall Street analysts have given a "moderate buy" rating with a target price of $39.4, indicating a 50% upside from the current level of $26.3. As of March 31, Galaxy's largest cryptocurrency holding was 6,894 BTC, valued at $431 million, followed by $61 million in SOL and $42 million in ETH.

According to Gate market data, the US dollar index DXY has risen above 99, with an intraday increase of 0.06%.