Trump’s GENIUS Act: Stablecoins now legal tender but barred from paying yield. Alt-coins surged—ETH $3,795, SOL and XRP rallied

Senate’s 68-30 vote: Stablecoin bill forces issuers to hold liquid reserves with monthly audits. Critics warn it turbocharges crypto without guardrails

Banks dive in: BofA and Citi prepping stablecoins, Morgan Stanley and JPMorgan circling . UK giants piloting tokenised deposits after BoE signaled they may be safer than private coins . Europe’s ING, UniCredit and peers plan euro stablecoin in 2026

ETF floodgates: SEC cut approval times to ~75 days . Dozens of SOL and XRP ETFs could land in October

Ethereum’s Pectra upgrade: Went live May 7. Raised validator cap to 2,048 ETH, boosted blob throughout, paving way for smart accounts and lower fees.

$1.5B Bybit hack: February’s theft was crypto’s largest . Historic heists—from Poly Network ($610M) to Wormhole ($320M)—underline security gaps .

Ripple peace deal: SEC case closed with $125M fine . Courts upheld limits on institutional XRP sales, but broader clarity emerging.

Wall Street in: Morgan Stanley’s E*Trade to offer BTC, ETH, SOL trading in 2026 . Crypto entering mainstream brokerage menus.

Tokenized future: BoE warns private stablecoins could drain bank deposits; pushes tokenised deposits as safer alternative