US President Donald Trump signed an executive order on Monday that directs the Federal Reserve to consider whether certain digital-asset firms and uninsured depository institutions should gain access to Reserve Bank payment accounts. The order also instructs the Fed to review legal constraints, create clear application steps if permitted, and issue decisions on completed applications within 90 days.

Crypto markets are facing renewed macro headwinds as Japan's and the U.S.'s 10-year government bond yields push to multi-decade highs. Japan's 10-year reached 2.83% and the U.S. 10-year rose to 4.68%, alongside a reported BTC pullback from $82,000 toward the $77,000 area. Investors are also weighing rising inflation readings and increased odds of a rate hike.

Missouri Attorney General Catherine Hanaway's office said it filed a lawsuit Wednesday against GPD Holdings, which operates crypto ATMs under the CoinFlip brand, alleging the company knowingly facilitated fraudulent transactions. The state is asking the court to block CoinFlip from operating in Missouri, impose $1,000 per violation over the past five years (up to $1,826,000), and order restitution for consumers.

Nakamoto Inc. (Nasdaq: NAKA) said on May 20, 2026 it will carry out a 1-for-40 reverse stock split, effective at 12:01 a.m. ET on May 22, 2026. The company aims to lift its share price above Nasdaq’s $1.00 minimum bid rule, after trading around $0.17–$0.24 in recent months. Shares outstanding are expected to drop from about 696.1 million to roughly 17.4 million, while authorized shares stay at 10 billion.

WhiteBIT has rolled out a UK-focused exchange at whitebit.uk, which went live on May 20, 2026, enabling GBP deposits via payment cards and the Faster Payments Service alongside spot trading tools. The platform also targets institutional clients with liquidity support, listing options, Crypto-as-a-Service infrastructure and API connectivity, while lending and auto-invest features depend on onboarding and UK rules. FCA data from 2025 puts UK crypto awareness at 91%, with about 8% of adults holding crypto and 73% of holders using centralized exchanges.

Jupiter's JUP traded between $0.19 and $0.21, rising more than 8% over the past 24 hours as daily volume climbed roughly 37% to above $26 million. The protocol's TVL reached $2.94 billion, up from $2.30 billion on May 1, 2026, alongside the May 20, 2026 launch of Metis V8 aimed at reducing quotation-to-execution drift.

Traders are increasingly pricing a full-year Fed hold in 2026, with CME FedWatch showing 95%–98% odds of no change at upcoming meetings. Ahead of the June 17 FOMC decision, Kalshi and Polymarket activity totals more than $42M combined in volume favoring an unchanged 3.50%–3.75% target range. Elevated inflation signals including April CPI near 3.8% y/y and unemployment around 4.3%–4.4% are cited as key constraints on easing.

On Tuesday, spot bitcoin ETFs registered $331.05 million in net outflows, dominated by a $325.58 million withdrawal from Blackrock's IBIT. Ether ETFs also stayed negative, shedding $62.30 million for a seventh consecutive losing session. By contrast, solana and XRP ETFs posted net inflows of $3.78 million and $1.48 million, respectively, alongside smaller but steady trading activity.