Institutional Crypto Product Push: T. Rowe Price launched TKNZ, the first actively managed multi-token spot crypto ETF, holding BTC, ETH, BNB, XRP, SOL, HYPE plus smaller positions like DOGE, XLM and USDC—designed to chase rotation and momentum. ETF Flows & Market Mood: Ether outperformed as ETF money returned, with BlackRock’s ETH funds taking most of the inflow, while spot Bitcoin ETFs still saw sharp churn (outflows then partial rebounds). Whale Activity: A dormant 2017-era bitcoin wallet moved 5,908 BTC (~$383M) after more than eight years, adding to the “bottoming” narrative. Macro & Risk Appetite: Traders stayed cautious as geopolitical risk (US-Iran strikes) and rate expectations shifted; South Korea’s rate hike also weighed on BTC. Regulation Watch: The Blockchain Association and US lawmakers pushed the CLARITY Act as a crypto crime-fighting framework, while Fed officials floated regulatory changes that could shrink the Fed’s balance sheet. TradFi Meets Crypto: Morgan Stanley expanded E*TRADE with spot BTC/ETH/SOL trading via Zero Hash, and Kraken rolled out USD-settled BTC/ETH options for institutional-style access. Crypto Infrastructure & Custody: Kraken options, Fireblocks Trust growth focus, and BitGo’s unified EVM key management all point to more “rails” for corporate use. Stablecoin & Payments: Tether backed Argentina’s Ualá with $20M, and Symbiosis Finance added privacy features for USDT swaps/transfers on TRON. Security & Failures: Knaken was declared bankrupt in the Netherlands after ~€7M in customer funds couldn’t be accounted for. XRP Specific: XRP bounced near $1.12 after Binance’s RLUSD-linked reward campaign, while XRP whales reportedly accumulated 70M tokens.