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According to Crowdfund Insider, digital bank Revolut announced that its trading division, Revolut Trading Ltd, has received an extension of permissions approved by the UK's Financial Conduct Authority (FCA) to launch more comprehensive investment and wealth management services in the UK market.Under the newly approved Variation of Permissions (VoP) license, Revolut can now manage investment portfolios for clients and participate in certain transactions as a principal. This means that the platform will be able to offer leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth users in the future, all of which will be integrated into its mobile application, alongside everyday banking and payment tools.It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools, continuing its transformation into a "one-stop financial platform." Earlier this year, Revolut officially obtained a full banking license in the UK. Analysts believe that the FCA's approval indicates an increase in its maturity as a regulated financial institution, while also reflecting that fintech companies are accelerating their competition with traditional banks and wealth management institutions.

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

According to official news, 21Shares announced the launch of an actively managed crypto ETF, code TKNS. The fund is managed by a professional team and aims to capture market opportunities and outperform passive index funds. The portfolio manager will adjust holdings based on market conditions to balance long-term goals with short-term opportunities. The fund operates like a standard stock ETF, with simplified tax reporting, and is currently tradable on certain brokerage platforms.

According to News1, the Korean National Tax Service is piloting the custody and management of seized virtual assets by entrusting them to private cryptocurrency custody institutions for the first time, with plans to run a trial until the end of this year.Major custody institutions in Korea, such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock, are all prepared to participate. Although the budget for this pilot project is only about $5,800, the industry believes that obtaining a reference case from the "Korean National Tax Service project" is of symbolic significance.

Bitget launches VIP exclusive ETH wealth management, aimed at VIP users participating in CC PoolX from May 6, 18:00 to May 10, 18:00 (UTC+8). During the event, relevant users can go to the "Easy Coin Earning" section to purchase ETH, enjoying a maximum of 5% APR. The participation period is from May 10, 18:00 to May 15, 18:00 (UTC+8).At the same time, Bitget will allocate a total of 100 NVDAON rewards to VIP users who meet specific trading thresholds based on the deposit time, amount, and holding duration of ETH. For more details, please refer to the Bitget official platform.

Bitget launches VIP exclusive BTC wealth management, aimed at VIP users participating in UMXM PoolX from May 6, 18:00 to May 9, 18:00 (UTC+8). During the event, relevant users can go to the "Simple Earn" section to purchase BTC, enjoying up to 2% APR. The event period is from May 9, 18:00 to May 14, 18:00 (UTC+8).At the same time, Bitget will allocate a total of 100 NVDAON rewards to VIP users who meet specific trading thresholds based on the BTC deposit time, amount, and holding duration. For more details, please refer to the Bitget official platform.

According to market news, the National Assembly of South Korea has passed an amendment to the Foreign Exchange Transaction Act, requiring companies engaged in cross-border transfer of virtual assets to register with the Ministry of Economy and Finance, bringing the cross-border flow of virtual assets such as stablecoins under the management system of the foreign exchange authorities.The amendment newly defines "virtual asset transfer business," covering activities that transfer virtual assets between South Korea and foreign countries through buying, selling, exchanging, etc. Virtual asset exchanges and custodians are also included in the registration scope. The amendment also reorganizes the foreign exchange business system, integrating the original currency exchange, small overseas remittances, and other businesses into "general currency exchange business" and "overseas payment settlement business." For violations of foreign exchange transaction procedures aimed at obtaining improper benefits, the penalty has been increased from fines of less than 50 million won to imprisonment of less than one year or fines of less than 100 million won.

Bitwise CEO Hunter Horsley stated at the Consensus 2026 conference: The market declined in the fourth quarter of last year, and the first quarter of this year also saw a drop. However, the inflow of funds from the U.S. wealth management channel reached the highest record for any quarter in the past eight years. In other words, for financial advisors in the wealth channel, the first quarter of this year was their best quarter for investing in these products. Therefore, when the market fell, they chose to buy the dip.

Circle officially announced that its USYC asset management scale has surpassed 3 billion USD, making it the largest tokenized money market fund in the world. This milestone indicates the continuous growth of tokenized money market funds, while the role of on-chain collateral in the digital asset market is also steadily increasing.USYC is a product that tokenizes traditional money market funds through blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund primarily invests in short-term U.S. Treasury bills and U.S. government securities-backed reverse repurchase agreements.

According to CoinDesk, Galaxy Digital and State Street have jointly launched the tokenized fund "State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)," which migrates cash management and yield products to the blockchain network, achieving 24/7 on-chain liquidity management.This product allows institutional investors to allocate stablecoins into the fund, maintaining redemption capabilities while earning yields, breaking through the trading hour restrictions of traditional money market funds. The fund is initially built on Solana and plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage Digital provides custody services, and State Street manages the underlying traditional securities assets.This launch continues the trend of institutional exploration of on-chain cash management. Previously, BlackRock's BUIDL fund validated institutional demand for tokenized U.S. Treasury products, driving continuous capital inflow into on-chain fixed income assets. Currently, State Street manages over $5 trillion in assets, and this move is seen as an important step towards fully tokenizing traditional financial products, while also marking the gradual extension of on-chain financial infrastructure into the institutional cash management sector.

According to official news, Coinbase has announced the official launch of self-managed superannuation funds (SMSFs) support in Australia, providing compliant and secure digital asset investment solutions for Australian trustees to help diversify retirement portfolios.This service is based on the Australian Financial Services License (AFSL) recently obtained by Coinbase and local expertise. According to data from the Australian Taxation Office, there are currently over 653,000 SMSFs in Australia managing assets worth AUD 1.05 trillion, with more than 1.2 million members. SMSFs have become one of the few retirement structures globally that allow individuals to directly manage digital assets, providing this flexibility.Coinbase's SMSF solution offers a streamlined real-time verification process, audit reports compliant with local accounting standards, and institutional-level security, helping Australian investors incorporate cryptocurrency into long-term retirement strategies.

One of Canada's largest institutional investment management companies, AIMCo, disclosed in regulatory filings on April 30 that it holds an equity stake in Strategy valued at $219 million. This is one of the largest direct investments by a sovereign wealth fund in the crypto "middleware" protocol. AIMCo stated that this move is a strategic positioning for the tokenization of real-world assets (RWA) and automated liquidity provision.The Strategy platform is able to provide yield opportunities for institutional investors that comply with KYC/AML standards, while its governance and equity structure allows it to benefit from transaction fees generated by the inflow of institutional capital. Analysts believe this is also a defensive hedge for AIMCo in the context of declining traditional fixed-income returns. This investment is expected to act as a catalyst for other Canadian and international pension funds.AIMCo manages approximately CAD 160 billion in assets, and this move indicates that large fiduciary institutions believe the technological and regulatory risks in the DeFi space have become manageable. As AIMCo integrates digital asset strategies into its main portfolio, it may trigger a chain reaction in the sovereign wealth sector, advancing global capital management towards transparency and efficiency through decentralized ledgers in the era of "programmable finance."

Colombia's largest pension management institution, Porvenir, has launched a crypto investment portfolio that allows members to gain indirect exposure to Bitcoin prices by investing in BlackRock's Bitcoin ETF, IBIT.The minimum investment for this product is 100,000 Colombian pesos (approximately $25), aimed at savers aged 18 to 45, and is only available for the voluntary pension system, requiring a personalized risk assessment consultation.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

Minh Don, the product lead of Drift, stated on its official Discord that it will take a few weeks to optimize the codebase, remove and add some small but impactful features, and plans to relaunch its forked exchange in May or June this year.Previously, Drift Protocol suffered losses exceeding $285 million in an attack incident.

According to a report by Jinshi, citing the Iranian Mehr News Agency on the 25th, Iranian Islamic Parliament member Behnam Saidi stated that Iran has developed a comprehensive plan for managing the Strait of Hormuz.In an interview with Mehr News Agency, Saidi said that an important aspect of this plan is the exclusive recognition of the name "Persian Gulf" in all letters and commercial documents, rejecting any other names. Vessels and ships navigating in the region must obtain permission from Iran.Sovereignty over the Strait of Hormuz will be entirely in the hands of Iran. He also stated that vessels identified as hostile by the Supreme National Security Council or the General Staff of the Armed Forces of Iran are not allowed to pass through the Strait of Hormuz, and Israeli vessels are absolutely prohibited from entering the area. Ships passing through the region must pay relevant fees for safety, environmental protection, shipping management, and permit issuance, with priority given to payment in rials.

Chen Boliang, a former senior manager of Huobi Group, is suspected of registering a personal account on the company's platform under the name "Chen Feng," bypassing the dark pool trading permissions that are limited to corporate clients, conducting over-the-counter bulk transactions without restrictions on price and quantity, and transferring approximately 4.999 million USDT (equivalent to about 39.18 million HKD) in 5 transactions to his personal accounts at OKX and Binance.Chen Boliang was charged with 6 counts of unauthorized computer access and 1 count of money laundering. On April 24, 2026, the jury of the Hong Kong High Court found all charges not established, and the court also approved the defendant's application for legal costs.

Morgan Stanley's investment management division, MSIM, announced the launch of a stablecoin reserve portfolio fund (MSNXX), which is a government money market fund designed specifically for stablecoin issuers. It aims to provide a regulated and secure storage place for reserves held by issuers that back their tokenized fiat currency versions.The fund only invests in the safest and most liquid instruments, such as U.S. Treasury bills (short-term loans to the U.S. government) and repurchase agreements (overnight loans secured by similar government securities), both of which aim for capital preservation. The fund's target net asset value is $1, meaning that the invested capital retains the same value upon redemption, avoiding price fluctuations; at the same time, the fund offers daily liquidity, allowing investors to redeem funds on any trading day without a waiting period or penalties.Currently, the market capitalization of stablecoins has reached $316 billion, with tokens pegged to the U.S. dollar, such as Tether and USDC, holding the majority share. Morgan Stanley's launch of the fund coincides with the advancement of the GENIUS Act in Congress. If passed, this act would legally require stablecoin issuers to back their tokens with high-quality liquid assets such as Treasury bills and cash-like instruments, and they must be held through regulated instruments. Thus, the fund is positioned to take on reserve management business ahead of regulatory mandates.Additionally, Morgan Stanley Investment Management recently launched the Morgan Stanley Bitcoin Trust (MSBT), which is a cryptocurrency ETP that tracks Bitcoin, with custodial and fund management services provided by BNY Mellon. It has also collaborated with BNY Mellon to launch tokenized DAP class shares of an institutional liquidity fund Treasury securities portfolio, achieving blockchain-based mirror records while the official ledger remains retained by BNY Mellon.

New Fire Technology (1611.HK) announced that it will acquire the investment team and trading system of the Li Lin family office Avenir Group for $1.6 million.After the acquisition is completed, New Fire Technology plans to launch a Bitcoin-denominated asset management service called Alpha BTC, aiming to attract investments of over 10,000 Bitcoins within a year, valued at approximately $760 million. This strategy will generate returns through trading derivatives such as options, with Bitcoin or IBIT ETF as the underlying assets, targeting clients including crypto-native investors and local businesses in Hong Kong. Avenir Group holds 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million, as of the end of 2025.