🌕 CZ-owned Trust Wallet launches AI agents that can execute crypto trades
The digital wallet owned by Binance founder Changpeng Zhao, which has more than 220 million customers, said Thursday that users can now employ artificial intelligence-powered agents to perform a variety of crypto transactions.
"Today, Trust Wallet launches the Trust Wallet Agent Kit (TWAK) — infrastructure that lets AI agents execute real crypto transactions, across more than 25 blockchains, within rules that users define and control," the company said in a blog post. The agents can handle cross-chain swaps across several networks, including Solana and Bitcoin, in addition to managing recurring buys.
Crypto firms are increasingly experimenting with AI-powered automation, aiming to allow users to enlist agents that can actively manage portfolios and execute trades.
The new toolkit offers two ways to operate, one where the AI agent has its own wallet and can execute trades automatically based on set rules, and the other where it suggests transactions that users then need to approve.
"Trust Wallet has always been built on a single principle: your keys, your crypto. TWAK extends that principle into the age of AI agents," also according to the blog post. "With WalletConnect mode, an AI can help you act on your portfolio — research, propose, execute — without ever holding your keys. You stay in control."
While the cryptocurrency exchange initially bought Trust Wallet in 2018, it now operates as an independent company.
📣 Attention, XRP community! Ripple announces a new partnership!
Despite a significant drop in the XRP price, Ripple is striving to strengthen its leading position in the blockchain ecosystem.
Currently, Ripple is expanding its services in the field of corporate digital assets, entering into new partnership agreements to continue its global growth.
In this regard, KBank, one of the largest banks in South Korea, has entered into a partnership with Ripple to test money transfers on the blockchain.
📊 At 112K, I projected that $BTC would trend down to 37K.
After updating my analysis, and with several months potentially still left in this broader bear phase, I now see the 50–60K range as a great area to scale in.
Whether we get another sweep below 60K remains to be seen. If it happens, I’ll take advantage of it; if not, I’ll simply wait for a clear structural shift and flip long accordingly rather than anchoring to a single target.
The broader cycle structure still leans toward a potential move below 60K, but ultimately we’ll see whether history repeats or this cycle deviates.
📣 XRP sees record growth in large-holder wallets as accumulation outpaces volatility
The number of XRP Ledger wallets holding at least 10,000 XRP has reached 332,230, according to Santiment data.
🐳 According to our on-chain data, XRP Ledger now has reached an all-time high of 332,230 wallets holding at least 10K XRP. This extends a consistent growth trend that has been building since June, 2024. The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an… — Santiment Intelligence (@SantimentData) May 12, 2026
That marks the peak of a nearly two-year accumulation trend that has held through major crypto volatility, including deep drawdowns in XRP’s price and episodic market-wide liquidations that briefly reduced the number of large holders.
Between February 6 and 8, the number of XRP Ledger wallets holding at least 10,000 XRP fell by more than 4,500, though no direct XRP-related event has been identified. The timing suggests the decline was tied to the wider crypto market downturn and liquidation event in early February. Wallet growth has since rebounded beyond its previous levels.
XRP traded at $1.45 at press time, about 60% below its all-time high of $3.6 set in July, per CoinGecko. The asset currently ranks as the fourth-largest crypto by market value, after recently being overtaken by BNB in market capitalization standings.
The steady rise in wallets with sizable XRP balances is seen as a positive long-term development because it indicates large holders have continued to accumulate through market volatility. Historically, expanding numbers of mid-to-large wallets have been associated with strong convictions and long-term investment behavior.
The pattern implies that many holders accumulate during market weakness rather than responding to short-term price momentum.
🤔 Controversial US Giant Sell Bitcoin (BTC) and Buy This Altcoin Instead!
Jane Street, which stated in 2023 that it withdrew from digital asset trading in the US due to regulatory uncertainty in the US, disclosed its Bitcoin and Ethereum holdings.
Accordingly, Jane Street announced that it will reduce its Bitcoin (BTC) ETF holdings while increasing its Ethereum (ETH) ETF holdings in the first quarter of 2026.
Accordingly, cryptocurrency market maker Jane Street significantly reduced its holdings in Bitcoin ETFs during the first quarter, while increasing its positions in Ethereum ETFs.
The company significantly reduced its Bitcoin ETF holdings, including IBIT and FBTC, in the first quarter of 2026, while increasing its Ethereum ETF positions by $82 million.
BlackRock’s holdings in IBIT decreased by approximately 71% from the previous quarter to 5.9 million shares, representing a drop of approximately $225 million. Fidelity’s stake in the FBTC ETF also fell by approximately 60% to two million shares, worth about $115 million.
Jane Street also reduced its holdings in MicroStrategy (MSTR) shares by approximately 78%, decreasing its exposure to major mining stocks such as IREN.
In response, the company focused on Ethereum. BlackRock increased its positions in ETHA and Fidelity’s FETH ETFs by a total of $82 million.
It also indicated a selective portfolio allocation by expanding its holdings in other cryptocurrency-related stocks, including Riot Platforms (RIOT), Coinbase (COIN), and Galaxy Digital (GLXY).
🔵 Cardano (ADA) Founder Charles Hoskinson Speaks Out About the Clarity Act, the Bullish Cryptocurrency Law Ripple CEO So Wants! “Ridiculous”
The Clarity Act, one of the most important legislative bills regarding cryptocurrency regulation in the US, is rapidly progressing.
At this point, Clarity, also known as the Transparency Act, is scheduled to be discussed and voted on by the Senate Banking Committee on May 14.
In the latest development, the US Senate Banking Committee has released a new, revised 309-page draft of the CLARITY Act, which has been under preparation since January.
While developments regarding the CLARITY project are being closely followed, Cardano (ADA) founder Charles Hoskinson also commented on CLARITY.
At this point, Hoskinson described the latest draft as a significant improvement over previous versions of the law. Hoskinson had criticized earlier drafts due to concerns about protections for decentralized finance activities. However, the newly revised draft addressed several areas that crypto companies had previously objected to.
Hoskinson dismissed calls to remove this clause as “absurd,” arguing that it would unfairly hold developers responsible for crimes committed by unknown individuals who used their software without authorization.
Hoskinson added that such a move would pose a serious threat to the open-source innovation environment.
Coinbase reviewed the final details of the draft text as discussions continued between crypto companies and banking groups. The exchange participated in discussions regarding the stablecoin yield provisions in the revised legislation.
Banking groups, however, continue to voice objections despite recent revisions to the stablecoin sections. Rob Nichols, CEO of the American Bankers Association, urged bank executives to communicate remaining concerns with senators, warning that the bill could increase the risk of deposit flight for traditional banks.
🔘 Aptos Targets Frontrunning With Native Encrypted Mempool Launch
One of DeFi’s oldest and most damaging problems just met its most serious technical solution yet. Aptos has announced a native Encrypted Mempool, pending governance approval. That would make it the first Layer 1 blockchain to offer full transaction intent confidentiality at the protocol layer.
💬 Aptos to Launch Native Encrypted Mempool to Prevent Frontrunning and Censorship
Aptos said it will launch a native Encrypted Mempool to protect user transaction intent at the protocol layer, reducing risks such as frontrunning, censorship, and order-flow leakage. — Wu Blockchain (@WuBlockchain) May 12, 2026
No third-party tools. No workarounds. One click. Full protection from frontrunning, censorship, and order-flow leakage built directly into the network itself. DeFi news does not get more structurally important than this.
🔸 The Problem This Solves
To understand why this matters, you need to understand what a mempool actually is. Every transaction submitted to a blockchain sits in a public waiting room, the mempool, before being included in a block. Anyone can see those pending transactions. Sophisticated actors — bots, validators, MEV searchers — exploit that visibility constantly.
🔸 How Aptos’s Solution Works
Aptos’s encrypted mempool uses batched threshold decryption via validator keys. Systems encrypt transaction details before they enter the mempool. The protocol hides these details throughout block ordering. Consequently, no actor can see or act on transaction intent before the block is finalized. Decryption happens only after ordering is complete, immediately before execution. The confirmed transaction then records on-chain as normal.
Aptos Labs emphasized a critical design constraint. The system operates with minimal impact on network latency. It introduces no additional trust assumptions beyond those already present in the Aptos network itself.
Incredible Data Emerges from XRP ETFs: A Picture Not Seen in Five Months! What Does This Mean for XRP?
Following Bitcoin (BTC) and Ethereum (ETH), spot ETF applications have been accepted for many altcoins in the US. One of these altcoins is XRP, which has gained legal clarity in the US.
The picture for XRP ETFs was positive, with spot XRP ETFs seeing their largest net inflow since their launch in January.
According to SoSoValue data, US spot XRP ETFs saw net inflows of $25.8 million on Monday. Franklin Templeton’s XRPZ fund led the way with $13.6 million inflows, followed by Bitwise’s XRP fund with $7.6 million and Grayscale’s GXRP fund with $4.6 million.
On May 11, net inflows into XRP ETFs reached $25.8 million, the largest daily inflow since $46 million recorded on January 5.
One analyst said that this quiet accumulation in XRP “shows institutional investors’ confidence in XRP.
Speaking to The Block, Bitrue senior researcher Andri Fauzan Adziima stated that as XRP matures and becomes an established asset class, capital is flowing back into XRP.
He also added that XRP benefits from gaining regulatory clarity and its use in real-world payments.
Adziima notes that a sharp rise in the XRP price has not yet occurred, but he characterizes this activity in XRP ETFs as a quiet accumulation phase.
The analyst added that this also signals XRP’s consolidation of its position alongside other major cryptocurrencies.
😳 Minus $1.3 billion on an unsuccessful BTC to ETH swap
In the last 4 days, Garrett Jin transferred all his 577,896 ETH to Binance – that's about $1.35 billion.
🐋 Who is this whale?
Garrett Jin is the former CEO of the controversial exchange BitForex and the founder of XHash. His wallet (BitcoinOG1011) became known back in October 2025 when he opened a $735 million short on BTC literally one hour before Trump's announcement of tariffs against China. After the market crash, he was even suspected of insider trading.
But the main thing here is different: about 8 months ago, he swapped BTC for ETH at a rate of ~$4,591 per ether. Today, with the price around $2,300, this brilliant swap has brought him an unrealized loss of $1.3 billion 😭
While the market is still digesting the weekend, HBAR looks ready for a breakout 🚀
The chart is shaping up into a very clean and symmetrical setup: after a long accumulation phase, the asset is now squeezing toward the upper boundary of the local range around $0.095.
If price manages to hold above current levels, the main scenario is a move toward the top of the channel in the $0.105–0.11 area.
Fundamentals are starting to align as well — there’s been a lot of buzz around a potential HBAR ETF lately, while the technicals continue to confirm strong buyer interest.
Expecting momentum at the start of the week together with the broader market 📈
Bitcoin briefly dipped before surging over $82,000 on Sunday as US President Donald Trump rejected Iran’s counteroffer to a peace deal, which could prolong tension in the Middle East.
“I don’t like it — TOTALLY UNACCEPTABLE, Trump said in a post to Truth Social on Sunday after reading Iran’s proposal to end the war. Iran has previously requested that the US pay for war reparations and unfreeze blocked Iranian financial assets.
Bitcoin (BTC) fell from $81,430 to $80,520 within 45 minutes of Trump’s post before whipsawing nearly 2.3% to $82,347 less than three hours later, according to CoinGecko data. Bitcoin’s rise also resulted in nearly $64 million worth of short positions being wiped out over the last four hours.
The US-Iran war and dispute over control of the Strait of Hormuz — which handles one-fifth of oil trade — has caused significant disruption in the financial markets over the past ten weeks, particularly in oil markets, which rose another 4.6% to $98.7 per barrel on Trump’s latest comments.
Trump’s refusal to accept Iran’s counteroffer dashes hopes of an imminent end to the war on Wednesday. Israeli Prime Minister Benjamin Netanyahu also said the war won’t be over until Iran’s uranium sites are dismantled.
🔸 Bitcoin could see more regulatory momentum in US this week
Bitcoin’s strength at the $80,000 level could be supported by two favorable decisions in the US Senate this week, 10x Research CEO Markus Thielen told Cointelegraph.
“Two catalysts stand out this week,” a Senate vote on Monday for Kevin Warsh's confirmation as Federal Reserve chair and the Senate Banking Committee’s markup on the CLARITY Act on Thursday, Thielen said.
Thielen noted that while “Warsh is widely regarded as more hawkish on inflation” than the current Fed Chair, Jerome Powell, his confirmation would remove “uncertainty overhang.”
🟠 CZ says US crypto rivals tried to block Trump pardon
Binance co-founder Changpeng “CZ” Zhao said rival crypto exchanges in the United States opposed his pardon request before President Donald Trump granted clemency in October 2025.
Speaking on the Crypto Banter podcast, Zhao said some competitors did not want him pardoned because they feared Binance could return to the U.S. market.
💬 He said, “The other crypto exchanges in the US don’t want me to get a pardon.”
🔸 Claim lacks public proof
Zhao also said he believed there had been pushback from competitors, but he did not present proof. “I don’t have concrete evidence of any of it,” he said.
That makes the claim hard to verify. The statement still adds a new layer to the debate around his pardon, which drew criticism from lawmakers and renewed talk about Binance’s U.S. future.
Moreover, Zhao pleaded guilty in 2023 to failing to maintain an effective anti-money-laundering program. Binance also reached a $4.3 billion settlement with U.S. authorities over violations linked to sanctions and money-transmission rules.
Trump pardoned Zhao on Oct. 23, 2025. The outlet also noted that the decision sparked criticism and questions over Binance-linked business ties involving Trump-related crypto ventures.
🔸 Binance wins recent court relief
Zhao’s comments also came after Binance and Zhao won dismissal of a civil lawsuit brought by victims and relatives of victims of terrorist attacks. Reuters reported that a judge found the plaintiffs did not plausibly show culpable involvement or intent by Binance or Zhao.
A separate Alabama court also dismissed key claims against Binance, Binance.US, and Zhao in another case tied to alleged transfers to terrorist groups, though plaintiffs were given room to amend parts of the complaint.
Trump said he did not personally know Zhao before granting the pardon. Trump said others told him Zhao had been treated unfairly during the Biden administration’s crypto crackdown.
🌀 ONDO Surges 68% in a Week amid US Tokenization Push
After months of trading sideways while its underlying business scaled, the native token of real-world asset (RWA) tokenization platform Ondo Finance is finally catching up.
ONDO is trading at $0.45, up 29% over the past 24 hours and around 68% on the week, according to CoinGecko. The token's market capitalization has climbed to $2.2 billion, with 24-hour trading volume jumping to $490 million as the breakout accelerated overnight.
The rally kicked off on May 4, when the Depository Trust & Clearing Corporation revealed timelines for its tokenization service and named Ondo Finance among more than 50 firms in its industry working group.
The group includes BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, NYSE Group and Citadel Securities, alongside crypto-native firms Circle, Fireblocks and Robinhood.
"We believe tokenization will significantly change how markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors," said Frank La Salla, DTCC President and CEO.
For a project whose business has scaled aggressively while its token price largely stagnated, the working group selection brought a stamp of institutional credibility. Ondo's TVL doubled past $2 billion in January and stands at $3.68 billion today, per DefiLlama, making it the largest tokenized RWA platform.
Two days later, Ondo, Kinexys by J.P. Morgan, Mastercard and Ripple announced that they had completed the first near real-time cross-border, cross-bank redemption of a tokenized U.S. Treasury fund.
In the pilot, Ripple redeemed a portion of its Ondo Short-Term U.S. Government Treasuries (OUSG) holdings on the XRP Ledger, where OUSG has been live since June 2025. Mastercard's Multi-Token Network routed the fiat settlement instruction to Kinexys, which debited Ondo's blockchain deposit account and wired U.S. dollars to Ripple's bank account in Singapore.
📈 The trend towards privacy has returned. But, as is often the case, the market only remembered about it when the coin had already risen by about 3x from its low.
Since March, ZEC has risen by approximately 200%, and in May it added another +62%. The reason is clear: interest in anonymous coins, privacy, and capital protection is growing again.
FOMO is in full swing. Right now, the coin already looks overheated, and it's quite logical to take some profits here.
If BTC starts to weaken, ZEC could easily drop to the $400 area.
Data shows the XRP blockchain has seen a steep drop in metrics related to activity and adoption, indicating that the earlier speculative wave has faded.
🔸 XRP New Addresses & Active Supply Have Both Plummeted
In a new post on X, on-chain analytics firm Glassnode has talked about the latest trends in the new addresses and monthly active supply of XRP. The former metric is a measure of the daily total number of wallets coming online on the blockchain for the first time, while the latter tracks the amount of the cryptocurrency’s supply that became involved in at least one transaction over the past month.
First, here is a chart that shows how the number of new addresses has fluctuated on the XRP network over the last few years:
As displayed in the above graph, the 7-day average number of new addresses popping up on the XRP network shot up to a peak in late 2024. This massive spike in the metric appeared alongside a sharp bull rally for the cryptocurrency. Thus, it would appear that the bullish momentum was accompanied by a surge in adoption.
From the chart, it’s visible that what followed the explosive influx of new investors was a significant cooldown in the metric during 2025. Adoption still saw some spikes, but they were of a notably lower level than the December 2024 high.
In 2026, the decline in the indicator has only furthered. Today, there are just 2,700 new addresses joining the network every day. This reflects a drop of 85% compared to the December 2024 peak, when the metric reached a value of 18,000.
Adoption isn’t the only metric that has slowed down for XRP. As the data of the other indicator shared by Glassnode shows, the 7-day average value of the monthly active supply has also plummeted.
Activity on the network also witnessed a major spike alongside the bullish price action of late 2024, with 7.45 billion tokens becoming part of the 1-month active supply.
🌐 Toncoin whale takes a $5 mln bet: Will this help TON flip $3?
Toncoin has been in strong upward momentum, closing at higher highs for four consecutive days and reaching a high of $2.9.
TON rallied mainly driven by major upgrades and the recent shift in management, with Telegram taking over from the Ton Foundation as a validator, as AMBCrypto earlier reported.
Futures volume reached overheating for the first time on the 8th of May. The volume at such levels suggests that too many traders have taken on leveraged positions.
🔸 Toncoin whale takes a $5.3 million bet amid rising leverage
Amid this surge in activity, some whales are aggressively betting for more gains. According to Lookonchain, a whale opened a 3x long on 1.97 million TON, worth $5.39 million.
With the market experiencing increased upside volatility, this whale’s position is already up $23.3k.
Besides this whale, the market has experienced significant demand for futures positions. In fact, Toncoin’s Long Short Ratio rose to 1.46, with 59% of the total in long positions.
When longs dominate the market, it suggests that most traders are bullish and expect prices to rise even further.
As expected, the liquidation rate for both long and short positions skyrocketed. Total liquidation reached $28.7 million on the 8th of May.
🔸 Can TON flip $3 resistance?
Although Toncoin retraced from $2.90, the altcoin’s upside momentum remains intact, largely driven by strong market demand.
In fact, the altcoins’ Relative Strength Index (RSI) surged to 93, reaching overbought conditions. RSI reaching such levels suggests buyers have taken total control of the market.
Taken together, these two indicators signal the likelihood of further gains on price charts. Thus, if the momentum holds, Toncoin bulls will seek a move above $3.
However, TON currently faces extreme leverage, with speculators dominating the market. Often, higher speculation follows price crashes, especially driven by a cascade of liquidations.
💧 Mysten Labs Co‑Founder Says Sui Aims To Become Default Network for Moving Money
Mysten Labs stated that the SUI network processed over $1 trillion in stablecoin volume since August 2025. The figure was revealed by Adeniyi Abiodun, co-founder of the company, during an interview with The Block at the Consensus 2026 conference. The executive used the announcement to position Sui as the default network for moving money, with concrete plans to launch fee-free transfers and private payments before the end of the year.
Abiodun connected those ambitions to the original mission of the Libra and Diem projects at Meta, where the founding team of Mysten Labs comes from. To illustrate the failures of the traditional financial system, he cited the example of a $100 transfer to Nigeria that carries $35 in fees, describing that cost structure as an unacceptable limitation.
🔸 SUI Works on Post-Quantum Solutions
The co-founder also questioned the full-transparency model of existing public ledgers. He argued that users should not be forced to accept that their financial accounts carry the public exposure of a social network, in direct reference to the visibility of wallets on conventional public blockchains.
On the automation of activity, Abiodun noted that artificial intelligence agent systems already account for over 80% of internet traffic, based on his experience at Facebook. He predicted that money movement will follow the same pattern and described agentic flows as the definitive use case for cryptocurrencies. Sui’s storage layer, he explained, would allow encrypted intent to be included alongside transactions, enabling the development of future dispute resolution mechanisms when agents act incorrectly.
Sui is also working on post-quantum resistance, with signatures already in testing on its testnet and a launch planned ahead of European Union mandates projected for 2030.
📉 Why Are Bitcoin, Ethereum and XRP Prices Falling Today?
Bitcoin dropped below $80,000. Ethereum fell under $2,300. XRP slipped to $1.38. The total crypto market cap shed 1.51% to $2.66 trillion, with over $90 billion wiped from local highs and $331 million in liquidations recorded in the last 24 hours alone.
🔸 Three Reasons Markets Are Falling
1️⃣ Michael Saylor Spooked the Market
One of the possible reasons could be comments from Michael Saylor, who discussed the potential for strategic Bitcoin sales to cover dividends. For a market that treats Saylor’s MicroStrategy as a symbol of institutional conviction, any suggestion of selling from that camp hits sentiment hard. Bitcoin dominance climbed to 60.23% as the market followed BTC lower, dragging altcoins down with it.
ETF flow concerns added to the pressure. Institutional demand through spot Bitcoin ETFs has been the backbone of this cycle’s rally. Any signal that those flows are slowing or reversing tends to amplify selling across the board.
2️⃣ A $6.7 Million DeFi Hack Rattled Confidence
On May 7, DeFi liquidity provider TrustedVolumes was exploited for $6.7 million. The attacker was linked to a prior hack on 1inch, raising concerns about interconnected vulnerabilities across DeFi protocols. Large Ethereum whale wallets moved funds to exchanges shortly after, a classic signal of impending selling pressure.
Security incidents like this create a risk-off response across the entire sector. Traders reduce exposure first and ask questions later.
3️⃣ Gold and Silver Are Winning the Safe Haven Trade
The rotation into precious metals tells a broader story. With US-Iran tensions still unresolved and global economic uncertainty rising, institutional capital is flowing into gold and silver rather than crypto. Gold and silver pumping simultaneously for the first time since the conflict began suggests a genuine flight to safety rather than a short-term trade.