The proposed AI tax highlights the vulnerability of markets to policy shifts, 
underscoring the delicate balance between innovation and regulation.
The post KOSPI falls 2.3% as fears of AI taxes weigh on South Korean stocks 
appeared first on Crypto Briefing.

KOSPI falls 2.3% as fears of AI taxes weigh on South Korean stocks

OpenAI&#8217;s shift to Cerebras hardware could redefine AI compute paradigms, 
enhancing real-time coding and impacting blockchain development.
The post OpenAI launches GPT-5.3-Codex-Spark powered by Cerebras hardware 
appeared first on Crypto Briefing.

OpenAI launches GPT-5.3-Codex-Spark powered by Cerebras hardware

Russia and Iran are accelerating their move away from the U.S. dollar and 
toward the Chinese yuan as Western sanctions and geopolitical pressures 
deepen, according to a new report. The Rise of the Petroyuan The global 
financial landscape is undergoing a tectonic shift as the conflict between the 
West and a growing coalition of sanctioned […]

China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate Dollar Exit

Armstrong said the bill is &#8220;closer than ever&#8221; to advancing in the US Congress 
after months of negotiations between the crypto industry and banks.

Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup

Union opposition to crypto legislation highlights potential risks to 
retirement security, influencing future regulatory approaches and market 
stability.
The post Labor unions urge senators to oppose crypto legislation ahead of vote 
appeared first on Crypto Briefing.

Labor unions urge senators to oppose crypto legislation ahead of vote

XRP investment products witnessed a notable spike in inflows last week. 
CoinShares data shows that XRP products attracted $39.6 million last week, a 
1,220% jump from the modest $3 million recorded in the previous week. The move 
came as digital asset investment products posted their sixth straight week of 
inflows, bringing in $857.9 million across the market. The broader tone was 
helped by improving sentiment around the CLARITY Act, especially after 
lawmakers reached a compromise on stablecoin yield rules. Spot XRP Inflows 
Jump 1,220% CoinShares’ latest weekly flow data shows XRP-based exchange- 
traded products received $39.6 million in inflows last week, compared to only 
about $3 million in the prior week. That is a 1,220% increase in seven days 
and brings XRP’s year-to-date flow to $191 million. XRP’s assets under 
management also climbed to about $2.56 billion, placing it among the strongest 
non-Bitcoin crypto investment products in the latest report. Related Reading: 
Pundit Says XRP At $1,000 Is Nothing Big, The Real Value Is Much Higher 
Bitcoin still dominated the market with $706.1 million in weekly inflows, 
while Ethereum recorded $77.1 million and Solana brought in $47.6 million. 
However, those numbers mostly reflect the larger size of their markets. XRP’s 
move is much more notable because it shows a sudden change in allocation 
behavior. Investors who had only been adding small amounts to XRP products in 
previous weeks stepped in with much larger sizes, pushing XRP ahead of most 
altcoin products outside of Ethereum and Solana. Interestingly, the regional 
flow data shows that the United States was the main pipeline of last week’s 
rebound. US-based products recorded $776.6 million in inflows, a 1,530% 
recovery from the previous week’s $47.5 million inflows. Germany followed with 
$50.6 million, Switzerland added $21.1 million, and the Netherlands recorded 
$5 million. XRP&#8217;s Growing Institutional Infrastructure The inflows into XRP- 
based products came during a period of wider inflow into crypto products. 
However, there were a few significant developments last week that helped 
contribute to a positive institutional narrative around XRP and Ripple&#8217;s 
entire ecosystem. Related Reading: XRP History Is About To Repeat Itself And 
Price Could Rally 1,008% To Cross $10 Most notably, Ripple announced the 
successful completion of a pilot tokenized US Treasury settlement on the XRP 
Ledger with JPMorgan, Mastercard, and Ondo Finance, processing the redemption 
in under five seconds. This event, which is part of the rapid growth in 
tokenized real-world assets, was enough to increase bullish sentiment 
surrounding the Ripple and XRP ecosystems. The pattern of institutional demand 
is also becoming more durable. April had already been the strongest monthly 
inflow period of 2026 for US-listed XRP ETF products, and last week’s surge 
suggests that momentum has carried into the new month. The CLARITY Act is also 
one of the biggest reasons behind the sudden improvement in fund flows across 
the entire market. The United States Senate Banking Committee has unveiled the 
draft text of the CLARITY Act, and a vote is scheduled to be held on May 14. 
Featured image from Adobe Stock, chart from Tradingview.com

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