Galaxy Digital and SharpLink have launched the Galaxy SharpLink Onchain Yield Fund with $125 million to deploy into DeFi protocols.

Galaxy Digital and SharpLink announced a non-binding agreement on May 11 to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million limited partnership structured to put part of SharpLink’s staked Ethereum treasury to work across DeFi strategies. Galaxy will serve as investment manager.

SharpLink will contribute $100 million from its staked ETH position, with Galaxy adding $25 million of its own capital. Mike Novogratz, founder and CEO of Galaxy, said the infrastructure for institutional DeFi participation “has matured to a point where allocators can access yield, liquidity, and risk management with the same rigor they expect in traditional markets.”

What the fund will do

The fund will deploy capital across DeFi liquidity protocols and other onchain yield-generating strategies. The structure is designed to keep SharpLink’s core ETH exposure intact while adding an active yield layer on top of its existing staking operations.

SharpLink CEO Joseph Chalom said the strategy aims to provide liquidity to high-quality protocols while generating returns above the average Ethereum staking rate. “Operational rigor is non-negotiable,” he said, noting the fund’s risk management framework will apply the same discipline Galaxy uses across its lending, trading, and asset management businesses.

The announcement came alongside SharpLink’s Q1 2026 earnings, which showed revenue rising to $12.1 million from $742,000 in the same period a year earlier. SharpLink posted a net loss of $685.6 million for the quarter, driven by unrealized depreciation in its ETH portfolio as Ethereum fell from roughly $3,354 in mid-January to $2,104 by quarter-end.

SharpLink’s position in the Ethereum ecosystem

SharpLink holds 872,984 ETH and is the second-largest publicly traded corporate Ethereum holder, behind Bitmine Immersion Technologies. Its treasury has generated 18,800 ETH in staking rewards since June 2025 with over 90% of its holdings staked at all times.

The Galaxy fund marks a meaningful shift in how public companies are thinking about crypto treasury management, moving beyond passive staking toward active DeFi deployment. Galaxy also launched a separate tokenized cash fund with State Street last week built on Solana, signalling a broader push by the firm into institutional onchain yield infrastructure.

TLDR

• DTCC integrated Chainlink infrastructure into its blockchain-based collateral management platform to support real-time operations.
• The Collateral AppChain operates on a Besu-based blockchain and enables 24/7 collateral movement.
• Chainlink provides pricing data, valuation inputs, and orchestration services for margining and settlement.
• DTCC aims to reduce delays and fragmentation in traditional collateral systems across global markets.
• The integration builds on the 2024 Smart NAV pilot involving JPMorgan, Franklin Templeton, and BNY.
• More than 50 firms joined DTCC’s tokenization working group with production trades planned for July.

The Depository Trust & Clearing Corporation has integrated Chainlink infrastructure into its blockchain-based collateral platform. The move extends prior collaboration into core collateral management functions across global markets. The system will support pricing, valuation, margining, collateral optimization, and settlement on a 24/7 basis.

DTCC Advances Tokenized Collateral Infrastructure

DTCC confirmed that its Collateral AppChain will operate on a Besu-based blockchain network. The platform will use tokenization to represent assets and enable continuous collateral management. It will also automate workflows through smart contracts and support near real-time collateral movement.

The firm said the system targets delays and fragmentation across current collateral processes. Assets often remain siloed across institutions and time zones under existing models. DTCC aims to enable faster collateral transfers across traditional financial markets and blockchain networks.

Nadine Chakar, managing director and global head of digital assets, outlined the objective. She said, “By leveraging tokenization and distributed ledger technology to modernize collateral mobility, our goal is to enable 24/7, near real-time collateral management across global markets and blockchains.” She confirmed that the company will modernize collateral operations through distributed ledger technology.

DTCC launched the tokenized collateral platform last year as part of its digital asset strategy. The company positioned collateral mobility as a core institutional blockchain use case. It built the AppChain structure to host tokenized assets within a controlled network.

Chainlink Provides Data and Orchestration Layer

Chainlink will supply the data and orchestration framework for the collateral system. The infrastructure will connect asset prices, valuations, and settlement instructions to the blockchain. It will also support eligibility checks and margin calculations in real time.

Chainlink operates as a decentralized oracle network that delivers external data to blockchains. Blockchains cannot access outside information without such services. The network feeds price data, APIs, and other inputs into smart contracts.

The integration builds on the Smart NAV pilot completed in 2024. DTCC and Chainlink tested bringing mutual fund net asset value data onto blockchains. JPMorgan, Franklin Templeton, and BNY joined the pilot to explore fund tokenization across multiple chains.

DTCC has also expanded tokenization beyond collateral services. The company said over 50 firms joined a working group for The Depository Trust Company’s tokenization service. It plans limited production trades in July and a broader launch in October.

DTCC subsidiaries processed $4.7 quadrillion in securities transactions in 2025. Its depository subsidiary provided custody and asset servicing for securities issues valued at $114 trillion. The firm continues to develop blockchain infrastructure within its existing market operations framework.

South Africa’s banking, financial services, and insurance sector continues to evolve rapidly as institutions modernize operations, strengthen cybersecurity frameworks, and accelerate digital transformation initiatives. To support this transition, the 36th Edition of the BFSI Innovation & Technology Summit – South Africa 2026 will gather financial and technology leaders to discuss the future of innovation across the country’s financial ecosystem.

Hosted by Exito Media Concepts, the summit will take place on June 10, 2026, at Focus Rooms – Universe, South Africa, under the theme “Recalibrating South Africa’s Financial Edge.”

The event comes at a time when South African financial institutions are increasingly investing in intelligent automation, AI-powered systems, cloud technologies, real-time payment infrastructure, and advanced cybersecurity solutions to remain competitive in an evolving digital economy.

According to the organizers, the summit will host more than 200 senior decision-makers, including CTOs, CIOs, CISOs, digital transformation leaders, and executives from major banking and insurance organizations across the country.

Discussions throughout the event will focus on several major industry priorities, including:

• AI-powered financial transformation
• Cybersecurity and secure cloud adoption
• Financial inclusion through technology
• Data privacy and POPIA compliance
• Legacy infrastructure modernization
• ESG-focused and ethical finance strategies
• Hyper-personalized customer experiences
• Automation and operational resilience

The summit will feature presentations and panel discussions from influential executives and industry experts, including Lelané Bezuidenhout of the Financial Planning Institute of Southern Africa, Pragashani Reddy of Absa Group, Meshack Ndwandwe of First National Bank, Dr. Gavin Moss of Rand Merchant Bank, and other leaders shaping South Africa’s financial technology landscape.

One of the central highlights of the event will be the “BFSI 100” recognition initiative, which honors leading technology executives and innovators driving digital transformation across banking, financial services, and insurance sectors in South Africa.

The summit is CPD Certified and forms part of Exito’s global event portfolio, which includes more than 240 conferences annually across technology, cybersecurity, healthcare, manufacturing, and enterprise innovation sectors.

For additional information about the event, visit BFSI Innovation & Technology Summit South Africa 2026

Core consumer prices — which would have stripped out what everyone already knew were surging energy costs — rose 0.4% in April, double March’s 0.2% pace and higher than 0.3% expected by economists.

On a year-over-year basis, core CPI rose 2.8% versus 2.6% in March and 2.7% forecast.

Headline CPI — which does include energy costs — was higher by 3.8% in April versus just 3.3% in March and 3,7% expected. That 3.8% was the fastest pace of inflation since May 2023.

The data has market participants quickly pricing in Federal Reserve rate hikes — a massive change from weeks ago, when the question was how often the Fed would be cutting rates in 2026.

According to CME FedWatch, markets are seeing more than a 35% chance of one or more rate hikes this year.

The news has helped send stocks lower, led by the Nasdaq’s 1.3% decline.

Bitcoin (BTC), though, has been holding steady, currently trading at $80,500, roughly flat over the past 24 hours. Major altcoins like ether (ETH) and XRP (XRP) are down closer to 2.5%.

Arc, Canton and Tempo, three blockchains focused on stablecoins and tokenization, have raised more than $1 billion combined, highlighting rising institutional demand for privacy-focused crypto infrastructure, according to Bitwise CIO Matt Hougan.

Stablecoin issuer Circle (CRCL) recently raised $222 million at a $3 billion valuation for Arc, while Digital Asset is reportedly raising $300 million at a $2 billion valuation for the Canton blockchain. Tempo, backed by Stripe and Paradigm, previously raised $500 million at a $5 billion valuation.

In a Tuesday blog post, Hougan said the fundraising wave reflects three trends: clearer U.S. regulation, growing demand for private blockchain transactions and rising competition from corporate-backed crypto networks.

Blockchains have long faced a trade-off between speed, cost and security: faster, cheaper networks often make compromises on decentralization or resilience, while more secure chains can be slower and more expensive to use.

That tension is especially important for stablecoins and tokenization, where institutions need transactions to be fast and affordable, but also private, compliant and secure enough for real-world finance.

Hougan said privacy could emerge as a “killer app” for crypto as businesses and consumers become less comfortable with fully transparent blockchains like Ethereum and Solana.

“If you’re a business broadcasting every trade before it’s complete, or a worker whose paycheck is visible to anyone with a block explorer, that transparency is a bug, not a feature,” Hougan said.

He added that the fundraising boom also reflects growing confidence after Congress passed the Genius Act in 2025, giving institutions a clearer regulatory footing to invest in crypto infrastructure.

Read more: ‘Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC

The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving President Donald Trump’s pick one step closer to becoming the next chair of the U.S. central bank.

Lawmakers approved Warsh in a 51-45 vote. Sen. John Fetterman (D-Pa.) was the only Democrat to support the nomination.

Warsh still must win a separate Senate vote to become Fed chair, which is expected Wednesday. Governors serve 14-year terms while the chair serves a four-year term.

If confirmed as chair, Warsh, 56, will replace Jerome Powell, whose eight-year term leading the Fed ends Friday. Powell, however, has said he plans to remain on the board until a federal probe into renovations at the Fed’s headquarters concludes.

Warsh enters the role as policymakers face renewed inflation concerns tied to the war in Iran and rising energy prices. Investors are also watching for signs of how the Fed may approach interest rates and financial market regulation under new leadership.

The former Morgan Stanley banker has drawn attention for his ties to the crypto industry. Financial disclosures filed with the Office of Government Ethics showed Warsh held investments in blockchain and digital asset companies tied to decentralized finance, crypto payments and tokenized networks through venture funds and private entities.

The holdings included exposure to firms connected to Bitcoin infrastructure, Layer 1 and Layer 2 blockchain networks and prediction markets. Warsh pledged to divest most of those investments if confirmed.

His prior investments suggest familiarity with crypto markets at a time when the Fed is weighing stablecoin regulation, bank crypto custody rules and research into digital payment systems.

The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard designed to stop users from accidentally signing away their funds, a problem that has fueled some of the industry’s biggest hacks and scams.

The initiative, called “Clear Signing,” aims to replace the confusing walls of code users currently see when approving Ethereum transactions with simple, human-readable explanations of what they’re actually agreeing to.

The effort comes after years of phishing attacks and wallet drains that often boil down to the same issue: users unknowingly approving malicious transactions they don’t understand. The Ethereum Foundation pointed to incidents like the Bybit hack as examples of how attackers exploit “blind signing,” where users approve transactions filled with unreadable technical data.

Right now, signing a crypto transaction can feel like clicking “accept” on a terms-of-service page written in another language. Wallets often display long strings of code that only highly technical users can decipher, leaving everyday traders vulnerable to fake apps, malicious links and compromised websites.

The new system would instead let wallets display clearer prompts such as what assets are moving, who is receiving them and what permissions are being granted before users hit approve.

The framework relies on a proposed Ethereum standard called ERC-7730 and a public registry where transaction descriptions can be reviewed and verified by independent security researchers. Wallets can then choose which trusted sources to use when presenting information to users.

The Ethereum Foundation’s Trillion Dollar Security Initiative said it plans to oversee the infrastructure behind the registry while encouraging wallets and developers across the ecosystem to adopt the standard.

The push highlights a growing realization inside crypto that better security may depend less on smarter code and more on making sure users actually understand what they’re signing.

“We welcome the Ethereum Foundation’s Clear Signing standard as a critical security advancement for our entire industry. This addresses a fundamental vulnerability that has plagued cryptocurrency users for years, blind signing. When users can’t understand what they’re signing, security becomes much more difficult. This standard changes that, and every wallet provider should embrace it,” said Tomáš Sušánka, chief technology officer of Trezor, in an email sent to CoinDesk.

Read more: Vitalik Buterin pushes ‘DVT-Lite’ to make Ethereum validator setup easier

Poland’s Sejm is reviewing four rival crypto bills while the PiS opposition dangles a separate ban proposal, turning MiCA implementation into a high‑stakes regulatory brawl.

Poland’s lower house of parliament, the Sejm, is now reviewing four simultaneous and competing cryptocurrency regulatory bills after Speaker Włodzimierz Czarzasty confirmed the formal review process has begun, according to reporting by The Block. The four proposals come from the government, the presidential office, the Poland 2050 party and the Confederation party, reflecting a fractured political landscape in which no single faction commands enough support to pass a unified crypto framework on its own. A second reading vote is expected as early as Thursday.

Four bills, one parliament, and a ban proposal on the side

The legislative deadlock has roots in executive-legislative conflict. President Karol Nawrocki has already vetoed crypto-related legislation twice, and the current multi-bill review is in part a consequence of those vetoes forcing the Sejm to restart negotiations from scratch. The core technical dispute is narrow but consequential: how much enforcement power the Polish Financial Supervision Authority (KNF) should have over crypto firms, specifically its ability to freeze accounts and impose maximum fines. The presidential draft caps penalties at approximately 20 million zlotys, equivalent to about $5.5 million, while the Ministry of Finance’s version pushes that ceiling to 25 million zlotys, or roughly $6.9 million — a 25% gap that reflects a deeper disagreement about whether Poland’s crypto regulatory posture should prioritize innovation or investor protection.

Into that already complicated debate, the opposition Law and Justice party (PiS) dropped a separate bill on Monday calling for a complete ban on crypto asset-related activities in Poland. PiS had previously withdrawn support for earlier regulatory proposals, and its ban draft will only enter formal review after the four main bills are processed, according to Speaker Czarzasty. The Speaker also used the occasion to raise pointed questions about potential political financing issues in the crypto sector, specifically referencing Polish exchange Zondacrypto and asking whether industry funding had influenced political activities — a line of inquiry that injects a corruption subtext into what had been a relatively technical regulatory debate.

Poland’s crypto bill chaos in a post-MiCA Europe

The Polish parliamentary standoff is unusual within the European Union context. MiCA — the Markets in Crypto-Assets regulation — entered into full force across all 27 EU member states in December 2024, giving exchanges, stablecoin issuers and crypto asset service providers a harmonized licensing framework that national legislatures are supposed to implement rather than override. Poland is therefore not debating whether to regulate crypto under MiCA, which already applies, but rather how aggressively to set national enforcement parameters on top of the EU baseline, a distinction that makes PiS’s outright ban proposal legally problematic as well as politically radical.

For the broader European crypto market, Poland matters more than its size might suggest. The country has one of the largest retail crypto user bases in Central and Eastern Europe, and Zondacrypto — formerly known as BitBay — is one of the continent’s older and better-capitalized domestic exchanges, now operating under a MiCA transitional license. A regulatory outcome that imposes KNF account-freeze powers and $6.9 million penalty ceilings would be broadly workable for established players, while an outright ban, even if constitutionally and EU-law challengeable, would create immediate operational uncertainty. As a crypto.news story on Australia’s capital gains tax overhaul showed, retail-heavy crypto markets are highly sensitive to sudden shifts in the legal and tax treatment of digital assets, and Poland’s Thursday vote — whatever its outcome — will be closely watched by exchanges and compliance teams operating across the EU’s eastern flank.