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Japan's two largest online brokerages, SBI Securities and Rakuten Securities, are developing in-house crypto investment trust products for retail investors. SBI plans ETFs and investment trusts tied to liquid assets such as Bitcoin and Ether, while Rakuten is building similar products for direct trading in its smartphone app. Japan's Financial Services Agency is moving to revise the Investment Trust Act enforcement order by 2028, and a cabinet-approved bill could bring crypto under the Financial Instruments and Exchange Act as early as fiscal 2027 if passed in the current Diet session.

SBI Securities and Rakuten Securities are building in-house Bitcoin and Ethereum investment trusts for retail investors in Japan, and SBI Global Asset Management is targeting about 5 trillion yen in assets within three years of launch. The products would let customers gain crypto exposure through existing brokerage accounts instead of opening separate exchange accounts or wallets. Nikkei reported that Japan's Financial Services Agency is reportedly weighing rules that would let investment trusts and exchange-traded funds hold crypto under the Investment Trust Act.

XRP fell more than 5% over the past 24 hours to $1.40 even as US-listed XRP ETFs drew $60 million this week. CryptoQuant data showed about 403 million XRP left Binance in transfers above 1 million XRP since May 3. Santiment data showed XRPL active addresses reached 48,453 over 24 hours, the highest level since late March.

The Senate Banking Committee advanced the Clarity Act to the Senate floor in a 15-9 vote. Senators Ruben Gallego and Angela Alsobrooks joined the committee's Republicans in support, and Senator Mark Warner indicated he could back a final version with additions. Senate Banking Committee and Senate Agriculture Committee members now need to merge their drafts, while ethics provisions are still under discussion.

Michael Saylor and Strategy urged retail investors, who hold 80% of STRC, to approve a proxy amendment for semi-monthly dividends. Saylor also posted the StrategyTracker.com purchase chart that he has consistently shared before corporate Bitcoin buys. Strategy holds 818,869 Bitcoin worth about $67.2 billion at the cited market price, according to StrategyTracker.com.

Aave restored WETH loan-to-value ratios to pre-incident levels across affected networks as the next phase of its rsETH technical recovery plan. The change allows users to borrow against WETH again, including through collateral and debt swap functions, on Aave V3 deployments across Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.

Bitwise's BHYP and 21Shares' THYP generated $6.11 million in opening-day trading, nearly matching the $6.41 million posted by the prior eight 2026 U.S. spot altcoin ETF launches combined. BHYP alone recorded $4.31 million in debut trading volume on May 15, the largest opening day among this year's U.S. spot altcoin fund launches. THYP has already recorded $10.6 million in cumulative inflows across its first four trading days, while BHYP net inflows have not yet appeared in the available dataset.

Hyperliquid founder Jeff Yan said the team recently met U.S. policymakers in Washington to discuss a regulatory path for bringing onchain derivatives markets to the United States. Yan said Hyperliquid is working toward enabling compliant access for U.S. users. Yan added that the discussions focused on global demand for onchain trading and DeFi fundamentals.