Tokenized Treasuries on Ethereum Hit Record $8B Market Cap

Ethereum  Tokenized Treasuries on Ethereum Hit Record $8B Market CapToken Terminal said tokenized U.S. Treasuries on Ethereum reached a record market cap near $8 billion.The market has doubled over the past six months, according to Token Terminals chart.CoinGlass data showed ETH near $2,358.58, down 0.97% over 24 hours.  Tokenized U.S. Treasuries on Ethereum reached a new record near $8 billion in market capitalization, according to Token Terminal. The chart showed the sector doubling over the past six months, with a sharp rise into May 2026 after a period of slower growth.  Wu Blockchain also reported the milestone, citing Token Terminal data and naming key products behind the move. Meanwhile, ETH traded lower near $2,358.58 on Coinglass data, even as Ethereums real-world asset activity continued to expand.  Treasury Tokens Hit Record  Token Terminal said the market cap of tokenized U.S. Treasuries on Ethereum reached an all-time high of about $8 billion. Its chart showed steady growth from early 2023, followed by a much faster expansion from late 2024 into 2026.  The largest acceleration appeared after the market moved above the $4 billion area. The chart then showed a brief pullback before a fresh climb, with the latest move pushing the market close to the $8 billion level.  Notably,

05-07

NYSE warns fake tokenized stocks threaten retail

NYSE parent ICE and Securitize warned at Consensus Miami 2026 that offshore synthetic tokenized stocks are misleading retail investors and creating serious risks for the broader market.Executives from ICE, OKX, and Securitize said at Consensus Miami that synthetic tokenized stocks often do not represent underlying equity and use company names without issuer approval.Securitize CEO Carlos Domingo said some stocks have five different tokenized versions on the market, none of which represent actual equity.NYSE, owned by ICE, is building a regulated tokenized equity platform starting with pre-funded tokens trading against stablecoins.  NYSE executives and partners raised the alarm at Consensus Miami 2026 on Wednesday over a wave of offshore synthetic tokenized stocks they said are creating market risks and misleading retail investors.  Michael Blaugrund of ICE, the NYSE‘s parent company, and Securitize CEO Carlos Domingo both warned that products operating outside regulated frameworks are exploiting the tokenization trend at retail investors’ expense.  “For some stocks theres like five different tokenized versions,” Domingo said at the panel. “None of them actually represent equity on Coinbase,” using the exchange as a concrete example of how public company names are being used without issuer approval by offshore token products that offer only synthetic price exposure.  Blaugrund said NYSE‘s

05-07

Creator behind Solanas legendary BONK token says meme trading is a seven-leg parlay

The odds on a seven-leg parlay and the odds on a fresh memecoin trade are roughly the same, BONK core contributor Nom told audience at the ongoing Consensus Miami on Tuesday.  Most memecoin teams lack the staying power to push their projects through real regulatory steps, Nom said, citing exchange listings, ETF filings and public-company structures as the markers that separate tokens that last from those that rinse retail.  Crypto has built systems “really, really good at incentivizing inorganic traffic,” he added, pointing to points programs and airdrop farms that pull in mercenary capital and then watch network activity collapse the following week.  BONK has worked through several of those rails. Nasdaq-listed Bonk Holdings (BNKK), which rebranded from beverage company Safety Shot in October 2025, holds roughly 2.7% of BONKs circulating supply and is targeting $115 million in token holdings by the end of 2026.  Tuttle Capital has filed a 2x leveraged BONK ETF with the SEC, and TenX Protocols, listed on the TSX Venture Exchange, made a public treasury allocation in January.  The token launched Christmas Day 2022, days after the FTX collapse, with Solana trading below $10 and most builders questioning whether the chain would survive. BONK went out as an airdrop to

05-07

SpaceXAI gives Anthropic access to Colossus 1 to boost Claude capacity

Tech  SpaceXAI gives Anthropic access to Colossus 1 to boost Claude capacity  SpaceXAI signed an agreement to give Anthropic access to Colossus 1, one of the worlds largest AI supercomputers, as demand for Claude continues to strain the infrastructure behind frontier AI systems.  Anthropic plans to use the additional compute to improve capacity for Claude Pro and Claude Max subscribers, according to SpaceXAIs announcement. The deal gives Anthropic access to a cluster with more than 220,000 NVIDIA GPUs, including H100, H200, and next generation GB200 accelerators.  The agreement deepens the scramble for AI compute as leading labs compete for the chips, power, and infrastructure needed to train and operate larger models.  Colossus 1 is designed for AI training, fine tuning, inference, high performance computing, large language models, multimodal systems, scientific simulations, and generative AI workloads.  Anthropic also expressed interest in working with SpaceXAI to develop multiple gigawatts of orbital AI compute capacity. SpaceXAI said demand for next generation AI systems is outpacing what terrestrial power, land, and cooling can deliver on required timelines.  The agreement brings together two major players in the AI race, with SpaceXAI supplying compute and Anthropic using it to support Claude subscriber products.  The partnership comes as Anthropic expands Claude beyond chat into coding,

05-07

Erik Reppel says AI agents will kill online ads

Erik Reppel said at Consensus Miami 2026 that AI agents bypass internet ads entirely, threatening the webs core business model and pointing to x402 stablecoin micropayments as the structural replacement.Coinbase Developer Platform head Erik Reppel told Consensus Miami that autonomous AI agents do not interact with online advertising, breaking the internets foundational revenue model.Reppel cited estimates projecting the agentic economy could reach between $3 trillion and $5 trillion by 2030, arguing this shift will displace ad-funded content at scale.He argued that x402, a Coinbase-backed protocol for stablecoin micropayments, could replace advertising as the primary way web content is monetised by software.  Coinbase Developer Platform head and x402 founder Erik Reppel took the Consensus Miami 2026 stage on Wednesday to argue that autonomous AI agents will collapse the advertising model that has funded the web for three decades. His argument is structural: the internet was built for humans clicking links and seeing ads, not for software interacting directly with other software.  “I think the thing people haven‘t quite realized is that we’re going to break the fundamental economic model of the internet,” Reppel said in an interview. “Moving from browsers and you visiting the website of the person whos publishing content, to consuming

05-07

Fairshake and AI PACs pour $100m into midterms

Fairshake has spent $28 million in 2026 primaries as a new poll shows most Americans distrust crypto and AI, raising questions about the political value of industry-backed super PAC money.Fairshake and pro-AI PAC Leading the Future have together spent over $100 million in 2026 midterm races, according to federal filings and published reporting.A Public First poll for Politico in April found 45% of Americans say investing in crypto is too risky, and 44% say AI is developing too fast.Only 3% of survey respondents recognise Fairshake by name, but analysts warn backlash could be swift once voters connect the spending to the industries behind it.  Fairshake, the pro-crypto super PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has spent $28 million across competitive 2026 primaries. Combined with pro-AI group Leading the Future, which launched in August 2025 and has raised more than $75 million, the two industry-aligned groups have together deployed over $100 million in the current midterm cycle.  The spending arrives against a difficult backdrop. A Public First poll conducted for Politico in April, surveying 2,035 US adults, found 45% of Americans say investing in cryptocurrency is not worth the risk, 44% say AI is developing too fast, and nearly two-thirds want

05-07

Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise

Tech  Dollar Index Slips Below 98 As US-Iran Peace Hopes Rise  The US Dollar Index (DXY) fell below the 98.00 mark on Tuesday, driven by mounting speculation that the United States and Iran may be nearing a diplomatic breakthrough. The decline reflects a broad shift in investor sentiment as geopolitical risk premiums tied to Middle East tensions begin to unwind.  Market Reaction and Immediate Drivers  The DXY, which measures the greenback against a basket of six major currencies, dropped as low as 97.85 during early European trading hours. The move marks a continuation of recent weakness, with the index now testing levels not seen since early January. Traders pointed to unconfirmed reports of indirect talks between Washington and Tehran as the primary catalyst, though no official confirmation has been released by either government.  Currency markets are pricing in a potential reduction in safe-haven demand for the dollar, which had rallied earlier this year on fears of a broader conflict in the Middle East. A peace deal would likely reduce oil supply risks, lower energy prices, and diminish the dollars appeal as a haven asset.  Geopolitical Context and Timeline  Relations between the US and Iran have been tense since the Trump administration withdrew from the Joint Comprehensive Plan

05-07

Core Scientific to buy Polaris for $421M to boost AI capacity

Tech  Core Scientific to buy Polaris for $421M to boost AI capacityCore Scientific agreed to acquire Polaris DS LLC for $421 million to expand its AI data center operations in Oklahoma.The deal will add 440 megawatts of contracted power through Oklahoma Gas and Electric to support high-density computing.The Polaris site spans 40 acres and operates next to Core Scientifics existing Muskogee campus infrastructure.Core Scientific expects to close the acquisition in Q3 2026 after completing required regulatory approvals.The company has started building a new 82.5 megawatt facility to increase its total campus capacity.  Core Scientific announced a $421 million agreement to acquire Polaris DS LLC in Oklahoma. The company targets the expansion of its AI data center capacity through the transaction. The deal adds contracted power and operating infrastructure to support high-density computing growth.  Core Scientific advances Oklahoma campus expansion with Polaris acquisition  Core Scientific confirmed it will acquire Polaris DS LLC for $421 million in cash and stock. The agreement includes 440 megawatts of contracted power through Oklahoma Gas and Electric. The company plans to integrate these assets into its Muskogee campus operations. The transaction remains subject to regulatory approval and is expected to close in Q3 2026.  The Polaris site spans 40 acres and

05-07

EUR/GBP Set To Edge Higher, Rabobank Analysts Predict

Tech  EUR/GBP Set To Edge Higher, Rabobank Analysts Predict  Analysts at Rabobank have issued a fresh forecast for the EUR/GBP currency pair, suggesting a gradual upward trajectory in the coming weeks. The Dutch banks currency strategists point to a combination of monetary policy divergence and relative economic data as key drivers behind the anticipated move.  Whats Driving the EUR/GBP Outlook?  Rabobanks analysis centers on the European Central Banks (ECB) more hawkish stance compared to the Bank of England (BoE). While both central banks are navigating inflationary pressures, the ECB has signaled a more determined path toward tightening, which tends to support the euro. In contrast, the BoE faces a more fragile UK economic outlook, with growth concerns potentially limiting the pace of rate hikes.  Furthermore, recent economic data from the eurozone has shown relative resilience, particularly in the services sector, while UK data has been more mixed. This divergence in economic performance is seen as another factor that could push the EUR/GBP cross higher.  Technical and Market Context  From a technical perspective, the EUR/GBP pair has been consolidating in a narrow range over the past few weeks. Rabobank‘s view suggests that a break above this range is likely, though the move is expected to be ’creeping rather

05-07

Can Bitcoin break a new 2026 high this week – or will geopolitics cause weekend reset again?

Bitcoin is trading above $82,000 on May 6, while oil, Treasury yields, the dollar, and US stocks shift around the same volatile geopolitical and macro backdrop that has left investors exhausted after the last few months.  The move reopens the inflation-hedge debate while leaving it unresolved. It also puts pressure on the claim that $BTC has made a lasting break from equities.  For now, the low-$80,000 area is the markets cleanest test of whether $BTC is catching a new bid from macro volatility or whether buyers are chasing another bear-market rebound.  The current setup is unusually compressed. As of press time, CryptoSlates Bitcoin page shows the price near $82,000, with Bitcoin dominance around 60.4% and 24-hour volume above $40 billion.  At the same time, WTI crude has fallen below $100, the US Dollar Index is below 98, official Treasury data shows 2-year and 10-year yields easing from the prior daily reading, and the Ss record/high-area move showed that traditional risk appetite remained active. Treasurys daily curve, meanwhile, showed only a small close-to-close easing in the 2-year and 10-year yields, even though intraday chart action looked sharper.  That distinction is important because the Bitcoin argument weakens if the bond-market move is overstated, which is happening across

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