Jupiter Exchange has partnered with Bitwise to launch the first institutional lending market on the Jupiter Lend platform, focusing on the Ethena market. （CoinDesk）

Federal Reserve official Collins stated that the Fed may need to raise interest rates to alleviate inflationary pressures.

The companies signed a business alliance for revenue sharing, referral fees and customer referrals to expand crypto access in Japan. What to know : KDDI, a major Japanese telecom firm, plans to acquire a 14.9% stake in Coincheck Group (CNCK) for $65 million, with the deal expected to close in June. The companies signed a business alliance for revenue sharing, referral fees, and customer referrals to expand crypto access in Japan. KDDI gains the right to nominate one non-executive director to Coincheck's board, aligning with its recent Web3 and metaverse initiatives.

[David Sacks: Digital Asset Bill Review is a Key Step for U.S. Crypto Innovation] David Sacks stated that the upcoming review of the 'Digital Asset Market Clarity Act' is an important step for the U.S. to become the 'global crypto capital.' He praised Senate Banking Committee Chairman Tim Scott for his efforts in advancing the legislation and thanked White House Crypto Director Patrick Witt for his coordination work. He pointed out that approximately 50 million people in the U.S. hold or use cryptocurrencies, and this bill will provide institutional support for the long-term innovation and development of the ecosystem.

The protocol, led by veteran BNY executive Anthony Moro, aims to connect real-world assets with DeFi markets, starting with home equity lines of credit and Treasuries. What to know : NUVA, a new Ethereum-based marketplace from Animoca Brands and Nuva Labs, is linking $19 billion of tokenized real-world assets tied to Figure to decentralized finance. The platform debuts with two flagship products, a Treasury-linked yield vault and a token tied to Figure Technologies' $18 billion home equity line of credit portfolio. NUVA aims to create a global distribution layer for institutional-grade products that retail users can trade, lend or use as collateral across DeFi, CEO Anthony Moro said.