Aptos will launch the Korean Won stablecoin KRW1.
Aptos announced on X that it will launch the Korean won stablecoin KRW1.
KRW1 is launched by BDACS Korea, a Korean digital asset infrastructure company.
[PANews]
US stocks closed with crypto concept stocks generally falling, with FRMM falling more than 24.02%.
According to msx.com data, U.S. stocks closed lower: the Dow Jones Industrial Average fell 1.07%, the S&P 500 Index declined 1.24%, and the Nasdaq Composite dropped 1.54%; the VIX Volatility Index rose 6.78%.
Cryptocurrency-related stocks broadly declined: FRMM fell 24.02%, Bit Digital dropped 15.26%, BTCS declined 13.68%, BNB Network fell 11.65%, and Bullish dropped 9.63%.
It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens to date, covering U.S. equities and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
[Odaily]
US XRP spot ETF had a total net inflow of $10.8661 million in a single day.
According to SoSoValue data, yesterday (May 15th, US Eastern Time), XRP spot ETFs had a total net inflow of $10.8661 million in a single day.
The XRP spot ETF with the largest net inflow yesterday was Bitwise XRP ETF(XRP), with a single-day net inflow of $6.8953 million, and the current historical total net inflow reached $460.00 million.
The second is Grayscale XRP Trust ETF(GXRP), with a single-day net inflow of $1.6677 million, and the current historical total net inflow reached $129.00 million.
As of press time, the total net asset value of XRP spot ETFs is $1.184 billion, the XRP net asset ratio is 1.33%, and the historical cumulative net inflow has reached $1.385 billion.
[Odaily]
Hyperliquid Co-founder: Has discussed the 《CLARITY Act》 with policymakers and is exploring entering the US market.
On May 16th, Hyperliquid co-founder Jeff.hl stated on the X platform that during the advancement of the “CLARITY Act,” he met with several U.S. policymakers in Washington through the Hyperliquid Policy Center to discuss the regulatory path for introducing on-chain derivatives markets in the United States.
Some conversations focused on the technical aspects, discussing how on-chain trading can be a financial innovation and has clear global user demand. Other conversations focused more on introducing DeFi and the future prospects of on-chain markets from basic principles.
Jeff.hl stated that he will continue to advance related work in Washington and strive to promote the popularity of Hyperliquid in the United States.
[PANews]
Law firm Fenwick&West sued again over FTX incident, accused of assisting in the collapse of the crypto empire
According to Bloomberg, a new lawsuit has been filed in a U.S. federal court, accusing the prominent Silicon Valley law firm Fenwick & West of playing a “key facilitating role” in the FTX collapse—helping conceal the misuse of customer funds, thereby misleading investors and delaying the timing of fund withdrawals.
The complaint was filed by FTX victims from multiple countries, seeking approximately $525 million in damages. The plaintiffs allege that the law firm did not merely provide routine legal services to FTX but also participated in establishing shell companies, designing fund flow structures, and assisting in implementing information and communications management mechanisms to obscure evidence of fund misappropriation.
The case also cites findings from the bankruptcy investigation report, stating that Fenwick & West attorneys were deeply embedded within FTX’s corporate structure and its related-party transaction framework—including assisting in building FTX’s complex funding arrangement system with Alameda Research.
[Foresight News]
A whale bought 420 million ASTEROID tokens, worth approximately $1.4 million.
On May 16, according to Onchain Lens monitoring, 7 hours ago, whale “0x02e” spent 629 ETH (1.4 million USD) to purchase 4.2 billion ASTEROID at a price of 0.0003329 USD.
[PANews]
A newly created wallet opened a long position of 20.00 million DOGE with 10x leverage within 6 hours, worth $2.25 million.
According to Lookonchain monitoring, a newly created wallet opened a long position of 20,000,000 DOGE with 10x leverage in the past 6 hours, worth $2,250,000.00.
The liquidation price for this long position is $0.10284.
[Odaily]
Bitdeer currently maintains zero holdings and sold 198.30 BTC this week.
Bitdeer, a Bitcoin mining company listed on Nasdaq, published its latest Bitcoin holdings data on X. Its Bitcoin mining output for the week ending May 15 was 198.3 BTC.
However, it sold 198.3 BTC during the same period, resulting in a net addition of 0 BTC, and it continues to hold zero BTC.
[Odaily]
Planet Noon News
-
Bitcoin spot ETFs had a total net outflow of $290.00 million yesterday, with none of the twelve ETFs experiencing net inflows;
-
Ethereum spot ETFs had a total net outflow of $65.65 million yesterday, continuing a 5-day streak of net outflows;
-
DefiLlama: The top ten DeFi protocols accounted for 87% of holder revenue in the past month, with Hyperliquid leading the way;
-
Hyperliquid co-founder: Has met with US policymakers to discuss entering the US market;
-
Following the KelpDAO attack, multiple protocols have begun migrating away from LayerZero;
-
Barclays: Prediction markets are threatening other speculative investment tools, with Gen Z keen on game-like investing;
-
SpaceX shareholders approve a 1-for-5 stock split, adjusting the fair value per share to approximately $105.32;
-
Bitdeer is currently maintaining zero holdings, having sold 198.30 BTC this week;
-
Chainalysis tracks the source of the THORChain attack: possessing sophisticated money laundering capabilities, mobilizing funds across chains for weeks before carrying out the attack.
US XRP spot ETF had a single-day net inflow of $10.8661 million
On May 16, according to SoSoValue data, the XRP spot ETF recorded a single-day net inflow of $10.8661 million on May 15 (US Eastern Time).
The XRP spot ETF with the highest single-day net inflow yesterday was the Bitwise XRP ETF (XRP), which saw a net inflow of $6.8953 million; its cumulative historical net inflow currently stands at $460 million. Next was the Grayscale XRP Trust ETF (GXRP), with a single-day net inflow of $1.6677 million and a cumulative historical net inflow of $129 million.
As of press time, the total net asset value (NAV) of XRP spot ETFs stood at $1.184 billion, with an XRP net asset ratio of 1.33%, and cumulative historical net inflows have reached $1.385 billion.
[PANews]
OpenAI launches a financial management service that connects to bank accounts for ChatGPT Pro users.
OpenAI announced in a post that ChatGPT is rolling out a new personal finance experience preview for Pro users in the U.S. Users can securely link their bank and investment accounts to view a cash flow dashboard directly within ChatGPT and consult the AI on financial questions—based on their own financial situation—while retaining full control over their data.
The new feature enables account linking via Plaid (Intuit support is coming soon), synchronizing balances, transactions, investments, and liabilities to help users uncover spending patterns, analyze savings opportunities, plan goals, and optimize major financial decisions.
Users can also input financial background information—such as mortgage details, savings goals, or plans for large expenditures—to enable ChatGPT to deliver more personalized advice.
[Foresight News]
The Moscow Exchange is exploring the launch of cryptocurrency spot trading with a 24/7 trading model.
PANews reported on May 16 that the Moscow Exchange is discussing with brokers the launch of a spot cryptocurrency trading scheme on the platform, which may adopt a 24/7 trading model. The exchange is also discussing the introduction of dedicated cryptocurrency trading accounts and testing cryptocurrency deposits and withdrawals, with some brokers already participating in the testing.
The Russian State Duma has passed the first reading of the Law on Digital Currency and Digital Rights, which stipulates that Russian citizens can only legally purchase cryptocurrencies through licensed intermediaries such as exchanges and brokers.
According to the bill, for a cryptocurrency to be listed on an exchange, it must meet the requirements of the Central Bank of Russia: an average market capitalization of more than 5 trillion rubles over two years, an average daily trading volume of more than 1 trillion rubles over two years, and at least five years of trading history. Only the largest cryptocurrencies by market capitalization, such as Bitcoin, Ethereum, and SOL, meet these criteria.
[Bits Media]
Binance Research: The seizure rate of illicit funds related to crypto assets in 2025 is approximately 11%, significantly higher than that of the traditional financial system.
Binance Research released a report stating that crypto assets are not an “illegal fund safe haven.” In 2025, approximately 11% of global illicit crypto flows were seized or frozen—about 55 times the recovery rate of traditional fiat systems. The report notes this figure aggregates publicly disclosed enforcement and freezing actions from institutions including Tether, Interpol, and the T3 Financial Crime Unit, rather than relying on statistics from a single regulatory body.
Meanwhile, compared to the United Nations Office on Drugs and Crime (UNODC)’s estimate that less than 1% of illicit funds flowing through traditional financial systems are recovered annually, the tracking and recovery efficiency in the crypto space is significantly higher. The study also highlights that even after excluding one major case—the Prince Group incident involving roughly $15 billion worth of Bitcoin—the remaining 2025 crypto asset recovery rate remains approximately 10 times that of traditional finance.
Additionally, data from SlowMist and PeckShield shows that between 8.3% and 13.2% of stolen crypto assets were successfully recovered or frozen in 2025, reflecting improved efficiency in security response and collaboration among exchanges, stablecoin issuers, and law enforcement agencies. The report concludes that while crypto-related crime persists, the notion that “crypto assets are inherently more suitable for illicit activities” is being undermined by on-chain transparency and enhanced regulatory cooperation.
[Foresight News]
DefiLlama: Top 10 DeFi protocols accounted for 87% of holder revenue in the past month, with Hyperliquid leading the way.
DeFiLlama announced on X that, over the past month, the top 10 protocols by holder income accounted for 87% of the total income received by DeFi token holders.
Among them, Hyperliquid accounted for 38.4%, amounting to $53.50 million; edgeX accounted for 16.7%, approximately $23.30 million; and Pump accounted for 16.4%, approximately $22.90 million.
DeFiLlama’s holder income metric primarily tracks income from buybacks and burns, fee burns, and distributions to stakers or token holders—it does not equate to a protocol’s total transaction fees.
[Odaily]
Today’s Market Pulse
The crypto market presents a divergent picture with XRP ETFs attracting significant institutional inflows while major Bitcoin and Ethereum ETFs experience outflows, reflecting complex institutional sentiment amid evolving regulatory landscapes.
Key Themes
Institutional Divergence
XRP spot ETFs recorded substantial single-day net inflows of $10.866 million, with the Bitwise XRP ETF alone attracting $6.9 million, bringing its total inflows to $460 million. This contrasts sharply with Bitcoin and Ethereum ETFs, which saw combined outflows of $355.65 million yesterday, highlighting divergent institutional priorities and risk appetites within the crypto ecosystem.
Regulatory Engagement
Hyperliquid is actively engaging with US policymakers regarding the CLARITY Act, exploring pathways for on-chain derivatives markets in the United States. Simultaneously, Russia is advancing its digital currency legislation, potentially creating a significant new market with strict listing requirements favoring major cryptocurrencies like Bitcoin and Ethereum, while Aptos launches the Korean Won stablecoin KRW1, signaling expanding fiat-crypto integration.
Market Structure Evolution
The Moscow Exchange is exploring 24/7 crypto spot trading with fiat integration, representing structural market evolution. However, Bitdeer’s complete sale of newly mined BTC (maintaining zero holdings) reflects current profitability pressures in the mining sector, while DeFi revenue remains highly concentrated, with the top 10 protocols capturing 87% of holder revenue and Hyperliquid alone accounting for 38.4% ($53.5 million).
RichSilo Verdict
Smart money should monitor the divergence between XRP and major crypto ETF flows as a potential indicator of shifting institutional priorities. Key catalysts include regulatory clarity from the CLARITY Act discussions, Russia’s crypto legislation implementation, and whether DeFi revenue concentration represents sustainable market structure or temporary volatility. The elevated seizure rate of illicit crypto funds (11% vs <1% in traditional finance) suggests improving regulatory oversight may attract more institutional capital despite recent outflows from major crypto ETFs.
