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5 May 2026, 20:55

State Street and Galaxy Digital's new tokenized liquidity fund to support PYUSD

State Street Investment Management and Galaxy Digital have launched a tokenized liquidity fund aimed at giving institutional investors a way to move idle cash on-chain and earn yield in real time. The State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), announced May 5, is built initially on the Solana blockchain, with plans to expand to Ethereum and Stellar. The fund allows subscriptions and redemptions using PayPal USD ( PYUSD ), according to the official release . SWEEP allows subscriptions and redemptions using PYUSD The launch comes as asset managers look to modernize how cash is managed. Globally, money-market funds hold roughly $6 trillion in assets, forming a core part of institutional treasury operations. By contrast, tokenized U.S. Treasury products, while growing quickly, remain much smaller, estimated in the tens of billions of dollars, though expanding at rapid rates as more firms test blockchain rails. State Street, which oversees more than $5 trillion in assets, is now directly entering that space alongside firms such as BlackRock and Franklin Templeton, both of which have launched tokenized treasury offerings. Rather than operating as a pilot, SWEEP integrates core fund operations—subscriptions, redemptions, valuation, and reporting—onto blockchain infrastructure, allowing investors to move funds continuously instead of within traditional market hours. “This fund allows us to bring the TradFi landscape onchain in a resilient way, guided by our long-standing focus on innovation, risk management and client outcomes,” Yie-Hsin Hung, president and chief executive of State Street Investment Management, said in the company’s announcement. Galaxy Digital to provide the blockchain infrastructure Galaxy provides the blockchain infrastructure supporting the issuance and management of the fund, while Anchorage Digital serves as custodian for the stablecoin holdings. State Street Bank and Trust Company retains custody of traditional assets, and NAV Consulting acts as transfer agent. The fund also uses technology from Chainlink to publish daily net asset value data on-chain and enable interoperability across different blockchains. The launch expands an existing relationship between State Street and Galaxy Digital, which began in 2024 with a set of exchange-traded funds focused on digital assets. “For years we’ve argued that traditional finance and crypto would converge on the same rails,” Galaxy founder and CEO Mike Novogratz said in the same announcement. “We believe SWEEP is what that looks like in practice, with a fund managed by an experienced cash manager being available for investors onchain, on infrastructure Galaxy built for institutions.” What comes next? SWEEP was first outlined in late 2025, when Ondo Finance signaled a potential $200 million seed allocation through its OUSG fund, according to State Street materials, though it was not mentioned in the final launch announcement. The rollout now serves as a real-world test: whether institutional investors are ready to shift even a portion of their vast cash holdings onto blockchain infrastructure. For State Street and its peers, the bet is straightforward—if even a small share of the multi-trillion-dollar money-market ecosystem moves on-chain, tokenized liquidity funds like SWEEP could become a standard tool for managing capital globally. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

5 May 2026, 20:07

Volvo listed in Ripple Treasury as digital finance grows

🚗 Volvo is now listed in Ripple Treasury’s top clients. This signals rising confidence of major firms in $XRP-based solutions. 🏦 Key point: Global giants increasingly turn to unified digital treasury tools. Continue Reading: Volvo listed in Ripple Treasury as digital finance grows The post Volvo listed in Ripple Treasury as digital finance grows appeared first on COINTURK NEWS .

5 May 2026, 20:00

Public companies bought 50,351 BTC in Q1 – Can it fuel Bitcoin’s H2 cycle?

Does persistent treasury demand strengthen Bitcoin’s macro hedge thesis?

5 May 2026, 19:00

Prediction market ETFs stall! – Inside SEC’s ‘binary contract’ concerns

Trading surges on prediction platforms, yet regulatory hurdles delay broader access and institutional participation.

5 May 2026, 18:57

Trading expert issues new price target for Ethereum

With Ethereum ( ETH ) price consolidating below a crucial resistance level of around $2,380 on May 5, trading expert Ali Martinez has issued a bold near-term prediction. Martinez predicted that Ethereum price could rally to retest $3,000 if it consistently breaks above $2,380. The bullish thesis is bolstered by renewed interest for ETH from whale investors at this key barrier, which represents its realized price – the average price at which every token last moved on-chain. “With whales on a buying spree, accumulating over $300 million in $ETH in the last few days, the smart money is positioning for a breakout. Watch the $2,380 resistance; a confirmed daily close above it could trigger the run to $2,921 or even $3,000,” Martinez noted . Top reasons why Ethereum price could surge soon As Martinez highlighted, the ETH price could rally towards $3,000 soon, fueled by renewed interest from whale investors. Building on this point, the United States spot ETH exchange-traded funds (ETFs) turned green for the first time year to date in April. Notably, the U.S. spot ETH ETFs recorded a net cash outflow of more than $2.8 billion between November 2025 and March 2026. However, these baskets of securities registered a total inflow of $355 million in April, and have already attracted roughly $162 million in May. As such, they cumulatively hold ETH valued at approximately $13.97 billion at press time, according to data from SoSoValue . Spot ETH ETF monthly flow. Source: SoSoValue Amid the rising spot demand, Ethereum’s Open Interest – the total size of ETH futures that are open in the derivatives market – has rebounded over the past three months. The ETH OI has surged from $23.2 billion on February 6, 2026, to about $33.54 billion at the time of publication, as per metrics from CoinGlass . ETH OI. Source: CoinGlass Investors have gradually turned bullish on Ethereum in the recent past as the United States Senate prepares to pass the Clarity Act, a proposed federal regulation aimed at legalizing crypto assets, as Finbold reported . The post Trading expert issues new price target for Ethereum appeared first on Finbold .

5 May 2026, 18:02

XRP Set for 1,008% Rally? Dark Defender Says History Doesn’t Repeat, It Rhymes

A familiar structure has returned to XRP’s long-term chart, and the setup carries a measured projection that aligns with a prior explosive phase. Crypto analyst Dark Defender (@DefendDark) points to a repeating formation on the 3-month chart, in which two large cup structures define XRP’s historical and current trajectory. The first move delivered a 1,008% increase. The second is now in progress with the same projected expansion. History doesn't repeat. She rhymes. Cup I → +1,008% Cup II → +1,008% She points to Polaris The Bear walked us there. The coronation will take place When the hidden star appears! Once is luck. Twice is law. The Phoenix flies North. #XRP #XRPArmy #Ripple pic.twitter.com/zZIcwtsONt — Dark Defender (@DefendDark) May 4, 2026 Cup Formation Signals Continuation The chart outlines two distinct rounded bases labeled Cup I and Cup II. These cups differ from the traditional cup & handle pattern . Cup I formed between 2014 and 2017. XRP compressed, rounded out, and then broke upward with force. That move produced a rally from low levels to a peak above $3, marking a gain of 1,008%. Cup II follows a similar structure. XRP spent years forming a second rounded base from 2018 through 2024. Price action shows consistently higher lows across this period. The curve mirrors the earlier formation in both shape and duration. There was a notable shift in late 2024 when XRP retested the bottom and surged 500% . It has since formed a higher base, and the breakout phase now appears active. Dark Defender places a measured move above the current structure. The projection targets $18.76, which reflects another +1,008% expansion from the breakout zone. The chart positions this move as a continuation of the same structural behavior seen in the previous cycle. Price Structure Holds Key Levels XRP currently trades above a rising support curve that defines the lower boundary of Cup II. This level has held across multiple tests. Green markers on the chart highlight consistent support reactions. Each bounce reinforces the structure and maintains upward pressure. Resistance near $3.65, XRP’s all-time high , remains a key level. The asset approached this region during the 2025 bull run. A confirmed break above this zone would align with the measured projection path. The chart shows consolidation just below resistance, which suggests preparation for continuation rather than exhaustion. Analyst Signals Directional Bias Dark Defender connects the technical structure with directional guidance. He states, “History doesn’t repeat. She rhymes.” He pairs that with the measured gains from both formations. Cup I already delivered +1,008%. Cup II carries the same projection. He also notes, “The Phoenix flies North.” This aligns with the upward trajectory marked on the chart. A labeled “NORTH” zone sits above current price levels, reinforcing the directional bias toward higher levels . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Set for 1,008% Rally? Dark Defender Says History Doesn’t Repeat, It Rhymes appeared first on Times Tabloid .