πΊπΈπ Payward Applies for OCC Trust Charter to Expand Krakenβs Regulated Crypto Custody Business
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialβs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenβs regulated custody infrastructure in the U.S.
Payward, the parent company of Kraken, has applied for a national trust company charter with the OCC to establish Payward National Trust Company (PNTC). This federally regulated entity will focus on digital asset custody services for institutional clients. The application builds on Kraken Financialβs Wyoming SPDI bank charter, granted in 2020, and its access to a Federal Reserve master account, further expanding Krakenβs regulated custody infrastructure in the U.S.
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π£ Binance Founder CZ Says Elon Musk Is An "Alien."
"My theory is that he is an alien. He wants to return to his home planet, and Mars is just a stepping stone."
"My theory is that he is an alien. He wants to return to his home planet, and Mars is just a stepping stone."
ππ #TON TON ranks first in annual staking revenue among the top 50 cryptocurrencies.
π½ SEC Chair Paul Atkins calls for Congress to pass crypto market structure legislation and "send the Clarity Act to President Trump's desk." #regulation
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π° Strive's Jeff Walton responds to Coffeezilla calling $STRC a Ponzi scheme.
He stated, "The difference between a Ponzi scheme and a capital management vehicle is that a Ponzi scheme doesn't have reserves. A capital management vehicle does."
Walton added, "Almost 100% of insurance claims paid out are funded by premiums they collect. Does that make an insurance company a Ponzi scheme?"
He stated, "The difference between a Ponzi scheme and a capital management vehicle is that a Ponzi scheme doesn't have reserves. A capital management vehicle does."
Walton added, "Almost 100% of insurance claims paid out are funded by premiums they collect. Does that make an insurance company a Ponzi scheme?"
π΅οΈ April +$1.97B in $BTC-#ETF inflows
May is running a 9-day green streak with $2.7B.
Two months are stacked with no decisive break above $82K.
Either absorption is being matched dollar-for-dollar by sellers, or the breakout is being saved up.
May is running a 9-day green streak with $2.7B.
Two months are stacked with no decisive break above $82K.
Either absorption is being matched dollar-for-dollar by sellers, or the breakout is being saved up.
π Top 5 News for 24 Hour:
1. Apple and Intel agreement for chip production. β
π 187 | β€οΈ 0 | π 4
2. Jeff Walton defends $STRC against Ponzi scheme accusations. β
π 143 | β€οΈ 0 | π 4
3. Bitcoin drops to $79,340, Fear & Greed at 47. β
π 213 | β€οΈ 1 | π 3
4. Crypto market sees $356M inflow in April, $101M in single-day May surge; BlackRock, Fidelity β
π 208 | β€οΈ 1 | π 3
5. Department of War releases UFO and potential alien life files. β
π 221 | β€οΈ 0 | π 3
| | |
1. Apple and Intel agreement for chip production. β
π 187 | β€οΈ 0 | π 4
2. Jeff Walton defends $STRC against Ponzi scheme accusations. β
π 143 | β€οΈ 0 | π 4
3. Bitcoin drops to $79,340, Fear & Greed at 47. β
π 213 | β€οΈ 1 | π 3
4. Crypto market sees $356M inflow in April, $101M in single-day May surge; BlackRock, Fidelity β
π 208 | β€οΈ 1 | π 3
5. Department of War releases UFO and potential alien life files. β
π 221 | β€οΈ 0 | π 3
| | |
π¦ Senate Banking Committee Schedules Crypto Clarity Act Vote For May 14 At 10:30 AM EST.
π Arthur Hayes: 99% of Altcoins Going to Zero Does Not Mean the End of the Industry
On May 5, 2026, during a CoinDesk interview at Consensus, BitMEX co-founder Arthur Hayes stated that altcoins will never die despite institutional adoption.
He believes that while 99% of altcoins will go to zero, this mirrors the stock market: over a long period since 1929, about 98% of S&P 500 companies have also gone to zero, making most stocks shitcoins as well.
He expressed that 24/7 crypto trading merely compresses this cycle, and it remains a good model for raising capital and innovation.
On May 5, 2026, during a CoinDesk interview at Consensus, BitMEX co-founder Arthur Hayes stated that altcoins will never die despite institutional adoption.
He believes that while 99% of altcoins will go to zero, this mirrors the stock market: over a long period since 1929, about 98% of S&P 500 companies have also gone to zero, making most stocks shitcoins as well.
He expressed that 24/7 crypto trading merely compresses this cycle, and it remains a good model for raising capital and innovation.