BlackRock submitted SEC filings on May 8 for two tokenized money-market funds—BSTBL and BRSRV—aimed at stablecoin holders seeking a regulated way to earn yield. The move came ahead of the Senate Banking Committee's May 14 markup of the Clarity Act, which would ban passive yield on idle stablecoins on crypto platforms. The products target different segments, with BSTBL issuing tokens on Ethereum and BRSRV requiring a $3 million minimum investment.

Altcoin trading activity on centralized exchanges has been trending higher, adding fuel to renewed discussion about a possible "altseason." CryptoOnchain wrote on CryptoQuant that the 30-day moving average of the "CEX Volume Ratio: Others vs Top 5" has moved above its 365-day average, while Ethereum was priced at $2,329, up 1% in the past 24 hours.

Morgan Stanley's spot Bitcoin ETF, the Morgan Stanley Bitcoin Trust (MSBT), finished its first trading month with no daily net outflows after launching on April 8. The fund has taken in about $193 million in net inflows and manages over $240 million in assets, while US spot Bitcoin ETFs collectively attracted more than $3 billion across six straight weeks of net inflows through May 8.

JPMorgan Chase & Co., Mastercard, and Ripple backed a pilot that aimed to narrow the settlement gap for tokenized assets by coordinating a cross-border redemption of tokenized U.S. Treasuries in near real time. The blockchain leg was completed in under five seconds, while USD proceeds were routed via JPMorgan's Kinexys platform to Ripple's account in Singapore within the same workflow.

ChatGPT-generated analysis says XRP may present higher-probability entries on pullbacks near support or after a confirmed breakout, as it consolidates following earlier momentum linked to institutional demand and ETF activity. The model highlights $1.30–$1.36 as an accumulation area and $1.18–$1.22 as a deeper support zone, while a bullish continuation would require holding above $1.45–$1.50 with strong volume. At press time, XRP traded at $1.43, up nearly 1% over 24 hours and about 2.6% on the week.

Dogecoin saw quieter trading over the past 24 hours, with volume dropping nearly 50% to $669 million while DOGE slipped 0.48% to $0.108. After rallying to $0.117 on May 6, the coin pulled back toward the closely watched $0.10 area, which has acted as a key level in recent price action.

The stablecoin sector expanded to a $322.74 billion combined market cap on May 10, after adding more than $2 billion over the prior seven days. USDT stood at $189.63B, representing 58.76% of the market, while USDC rose to $78.96B after $1.61B in inflows between May 3 and May 10. USDG posted the largest weekly gain among the top ten, up 11.89% to $2.658B.

Since November 2017, Tether has frozen USDT on 9,856 addresses, locking a combined $5.17 billion, while $602 million has later been unfrozen, leaving $4.57 billion still immobilized. The dataset reviewed also shows sharp differences by chain, with most frozen addresses on TRON, while most value recovered came from Ethereum.