Hyperliquid linked spot ETF net inflow of $223 million in first week

Senator Lummis stated in an article on X that digital asset companies are relocating overseas every day due to Congress' failure to fulfill its duties. （CoinDesk）

The tokenization platform reported record quarterly revenue but continued to post losses as it invested in growth and public-company preparations tied to its merger with Cantor Equity Partners II. What to know : Securitize reported record first-quarter revenue of $19.5 million, up 39% from a year earlier, driven largely by rapid growth in its asset-servicing business. The company remains unprofitable, with its net loss widening to $7.9 million as it increases spending ahead of a planned public listing via a SPAC merger with Cantor Equity Partners II. Securitize deepened its institutional reach through new partnerships with the New York Stock Exchange, Uniswap Labs and others, while overseeing $3.4 billion in tokenized assets under management.

Market analysts point out that signals of improved labor market support the prospect of Federal Reserve tightening. The minutes of the Federal Reserve's March meeting showed that officials were concerned about the February employment data, but during the April meeting, the March employment report was seen as evidence of stabilization. The April employment report further indicates that the labor market may stabilize.

The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work. What to know : The fast-growing prediction markets sector where users bet on the outcome of events, including in sports and politics, was the focus of a hearing from the U.S. Senate Commerce Committee. Lawmakers from both parties were critical of cheating scandals, advertising practices and the potential for the industry to undermine gaming...

The Hyperliquid linked spot ETF achieved a net inflow of $223 million in the first week. （Cointelegraph）