BlackRock Tokenization Fuels Crypto Institutional Shift (2026-05-09)

BlackRock plans to launch two tokenized money market funds.

According to Bloomberg, BlackRock has filed documents to launch two new tokenized money market funds.

One of these will be linked to the existing BlackRock Select Treasury Based Liquidity Fund (BSTBL), which has approximately $6.1 billion in assets under management, and will offer a tokenized version on the Ethereum blockchain; the other is a newly launched fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), specifically designed for investors using crypto wallets and stablecoins, and will be available on multiple blockchains.

[Foresight News]

Trader Eugene stated that if BTC breaks above $80,000, most altcoins may initiate a new upward trend.

On May 9, news reported that trader “Dove” Eugene posted on his personal channel stating that several crypto assets have already formed short-term bottom structures. Against the backdrop of Bitcoin trading near $80,000, the coming week may become a critical period for market direction selection.

He believes that most tokens currently exhibit low trading volume and low open interest (OI), meaning only a modest amount of marginal buying is needed to drive prices upward—the overall market remains in an “underweight” state.

Eugene noted that if BTC successfully breaks above $80,000 and triggers new upward momentum in major tokens such as Ethereum, Solana, and HYPE, numerous altcoins could break out of their current consolidation ranges.

[PANews]

Garrett Jin deposited 108,000 ETH, worth $250 million, to Binance.

According to Onchain Lens monitoring, Bitcoin OG Garrett Jin deposited 108,169 ETH, worth $250.00 million, into Binance.

[Odaily]

Trust Wallet, Mesh reshape crypto wallets to serve AI agents

On May 9th, according to CoinDesk, Trust Wallet and Mesh executives stated at Consensus Miami that AI agents are driving adjustments to the crypto wallet architecture, providing autonomous software with the ability to hold coins, trade, and establish on-chain identities.

Mesh has launched the Smart Funding product, which can automatically route payments between different chains, networks, accounts, and tokens, serving human users and AI agents.

Trust Wallet has introduced an “AI Copilot” in its user-facing wallet, where users still hold their own private keys and gradually grant authorization; on the developer side, it has released the Agent Kit, allowing agents to autonomously execute transactions, transfers, and other operations, and implement EIP‑8004 to establish on-chain identities and credit scores for agents.

[PANews]

Binance Report: Emerging Market Users Treat Crypto Platforms as “Shadow Banks”

On May 9, according to a report by CoinDesk, Binance’s latest research states that 77% of its platform users come from emerging markets, where users are adopting cryptocurrency exchanges as alternative financial infrastructure for savings, payments, and investments.

The report notes that 83% of users who simultaneously use two or more products are from emerging markets; users in these regions save at roughly twice the rate of those in developed markets. Approximately 36% of emerging-market users with balances exceeding $10 allocate at least half of their assets to stablecoins—a figure that stands at 28% globally.

Citing World Bank data, Binance points out that approximately 1.3 billion adults worldwide still lack access to financial services, 4.7 billion lack access to credit, and many depositors in low-income countries earn no interest on their savings. Meanwhile, stablecoin usage is rising in cross-border remittances and savings—prompting concerns from institutions such as the IMF and Moody’s regarding monetary sovereignty and financial resilience.

[PANews]

BlackRock Plans to Launch Two Tokenized Money Market Funds Targeting Stablecoin Holders

BlackRock is planning to launch 2 money market funds aimed at investors holding cash in stablecoins. The company has filed documents to launch a digitized share class for the BlackRock Select Treasury Based Liquidity Fund (BSTBL), which has a size of approximately $6.10B.

The fund primarily invests in cash, U.S. Treasury bills, notes, and other securities with remaining maturities of no more than 93 days. The related tokenized securities will be offered on the Ethereum blockchain and will operate in parallel with existing traditional share classes.

[Odaily]

Andre Cronje: Stablecoin yields on Sonic reach 5.11%; DeFi is far from its peak.

On May 9, Andre Cronje announced on X that Flying Tulip’s stablecoin ftUSD currently offers an annualized yield of approximately 5.11% on USDC on the Sonic chain and approximately 5.27% on USDT on Ethereum.

These yields require no platform token incentives, subsidies, “points,” circular lending, or leverage—and feature no lock-up period, no withdrawal queue, and support instant redemption and liquidity.

Cronje stated that such “pure-yield” stablecoin products demonstrate that DeFi still holds significant room for innovation and exploration.

[PANews]

An early Ethereum whale transfers over $120.00M USD worth of ETH after 3 years of inactivity

On May 9, according to Lookonchain, an early Ethereum holder’s address, which had been inactive for 3 years, transferred all 52,170 ETH to a new wallet hours ago, worth approximately $120.61 million at current prices.

On-chain records show that the address withdrew 42,572 ETH from Kraken six years ago, when ETH was priced at approximately $246, making the total value approximately $10.48 million.

[PANews]

Strategy uses “Bitcoin earnings per share” as the core valuation metric.

Strategy founder Michael Saylor stated that the company is replacing the traditional EPS with Bitcoin per share (BPS) as its core performance metric.

Previously, Strategy CEO Phong Le said the company dynamically optimizes its capital, equity, debt, and credit structure via a multivariate model to maximize annual BTC Yield (BPS growth rate), achieving a year-to-date return of 9.4% and an unrealized Bitcoin gain of approximately $5.0 billion.

[PANews]

Follow-up to the news of the breakdown of Deepseek and Alibaba’s financing negotiations: Alibaba did not conduct negotiations

In April, DeepSeek (深度求索) launched a rare massive financing plan, attracting both Tencent and Alibaba.

Previously, media reports claimed that Alibaba and DeepSeek had broken down in negotiations. In response, market sources exclusively revealed to reporters on May 9 that Alibaba likely did not engage in negotiations.

[Daily Economic News]

Senior Iranian officials warned: “Don’t personally slam shut the door to the Strait of Hormuz.”

Ebrahim Aziz, Chairman of the National Security and Foreign Policy Committee of the Islamic Consultative Assembly of Iran, warned on social media on the 9th that governments around the world should not support the U.S.-led agreement proposal concerning Iran, or “serious consequences will follow.”

Aziz wrote on social media: “The Strait of Hormuz is a vital lifeline. Don’t shut its door with your own hands.”

[Odaily]

HKEX: IPO fundraising amount for the first four months was HK$151.4 billion, up 604% year-on-year

Hong Kong Stock Exchange data shows that the market capitalization of the securities market was HK$48.0 trillion at the end of April 2026, an increase of 24% year-on-year. The average daily turnover in April 2026 was HK$253.5 billion.

The average daily turnover for the first four months of 2026 was HK$271.1 billion, an increase of 8% year-on-year. The average daily turnover of exchange-traded funds for the first four months of 2026 was HK$39.1 billion, an increase of 5% year-on-year.

There were 49 new listed companies in the first four months of 2026, an increase of 158% compared to 19 in the same period last year. The amount of funds raised from initial public offerings in the first four months of 2026 was HK$151.4 billion, an increase of 604% year-on-year.

[Odaily]