Despite the planned wind-down, TapTools says it is open to being acquired or 
taking on external resources to continue maintaining the platform.

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.

Cardano’s TapTools to wind down after 5 execs exit

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 
rollout of spot trading, transfer, and custody capabilities for financial 
advisors on its custody platform. The move would bring direct digital asset 
access closer to one of the largest advisor ecosystems in US wealth 
management, extending Schwab’s crypto ambitions beyond its recently launched 
retail offering. Jalina Kerr, Managing Director of Schwab Advisor Services, 
said during a virtual media roundtable that the firm is aiming for a launch 
next year, according to Citywire. The timeline is not fixed, but Kerr 
indicated the project remains active and on schedule. Schwab is “on track” for 
next year, she said, adding that the rollout would “probably” come “more like 
the middle of the year.” Why This Is A Massive News For Crypto The planned 
product would give advisors access to spot crypto trading, transfer and 
custody tools through Schwab’s custody infrastructure. That is the key 
distinction. Schwab already moved into direct retail crypto trading this year, 
but an advisor-facing rollout would put crypto inside the workflows used by 
registered investment advisors overseeing client portfolios, rather than 
leaving those clients to manage exchange accounts separately or rely solely on 
exchange-traded crypto products. Related Reading: Coinbase To Bring Global 
Crypto Derivatives To US Institutions After CFTC Nod Schwab is a custody and 
brokerage giant. The company reported $12.61 trillion in total client assets 
as of April 30, 2026, along with 39.3 million active brokerage accounts. 
Within that, Schwab Advisor Services held roughly $5.31 trillion in client 
assets, underscoring the scale of the advisor channel that could eventually 
gain access to direct crypto tools. The advisor push follows Schwab’s April 
announcement of Schwab Crypto, a phased retail platform that began with spot 
Bitcoin and Ethereum trading. The retail offering lets eligible US clients 
trade BTC and ETH across Schwab.com, Schwab Mobile and thinkorswim, with a 75 
basis point fee on the dollar value of each crypto trade. Schwab has also said 
it plans to add more cryptocurrencies over time and later introduce deposit 
and withdrawal transfer capabilities. Related Reading: Samsung Just Bet $408 
Million On South Korea’s Top Crypto Exchange — And It’s Not Alone For now, the 
retail crypto account is offered by Charles Schwab Premier Bank, SSB, with 
Paxos providing sub-custody and trade execution services. Schwab’s disclosures 
also draw a clear line between crypto and traditional brokerage protections: 
crypto products are “not FDIC insured, not SIPC protected, not deposits, and 
may lose value.” Those details matter because they should not be automatically 
carried over to the advisor product. Schwab has confirmed the fee structure, 
custody setup and asset list for the retail launch, but it has not yet 
confirmed whether the 2027 advisor rollout will begin with only Bitcoin and 
Ethereum, whether pricing will match the retail 75 basis point fee, or whether 
Paxos will also support the advisor-side infrastructure. Notably, Schwab 
already gives investors access to crypto-linked products, including exchange- 
traded products tied to Bitcoin and Ethereum, crypto-related equities, 
futures, mutual funds, trusts and listed options on spot Bitcoin ETPs. But 
direct spot trading and custody would move Schwab closer to full-service 
crypto infrastructure for advisors, not just market access through securities 
wrappers. At press time, the total crypto market cap stood at $2.32 trillion. 
Featured image created with DALL.E, chart from TradingView.com

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 rollout of spot trading, transfer, and custody capabilities for financial advisors on its custody platform. The move would bring direct digital asset access closer to one of the largest advisor ecosystems in US wealth management, extending Schwab’s crypto ambitions beyond its recently &#8230;

$12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors

Strategy’s 32 BTC sale has turned a small transaction into a larger test for 
corporate bitcoin treasuries. The issue is no longer only whether public 
companies hold BTC. Investors are now watching how those companies meet cash 
obligations while trying to preserve exposure. Bitcoin Treasuries Face a New 
Borrow-or-Sell Test Strategy’s bitcoin sale drew attention […]

Strategy’s 32 BTC sale has turned a small transaction into a larger test for corporate bitcoin treasuries. The issue is no longer only whether public companies hold BTC. Investors are now watching how those companies meet cash obligations while trying to preserve exposure. Bitcoin Treasuries Face a New Borrow-or-Sell Test Strategy’s bitcoin sale drew attention &#8230;

Bitcoin Treasury Companies Face a Borrow-or-Sell Test

The broader crypto market has endured one of its toughest weeks of the year, 
with $1.5 billion in liquidations recorded since Monday alone. The pressure 
intensified as Bitcoin (BTC) slipped back below the $67,000 level for the 
first time since April, a move that heightened selling fears and weighed on 
overall market sentiment. Despite the heavy liquidation numbers, Binance 
Research argued that the main driver of the recent pullback may have been less 
about things unique to crypto and more about capital moving into traditional 
markets. BTC Hit by A ‘Capital Black Hole’? In a report posted on X (formerly 
Twitter), Binance Research pointed to a sign of unusual strain in equity 
markets: the CBOE Dispersion Index (DSPX) hit 42, described as the 3rd highest 
reading ever. The implication is that investors were heavily concentrating 
their money into a small set of S&amp;P 500 “hot themes,” leaving less liquidity 
available for other assets—Bitcoin included. Related Reading: Bitcoin Price 
Falls To $67,000 And Breaks The Map For Bulls—Here’s What Happens Next The 
firm described a feedback loop that it says has repeated in the past. When 
equity returns run far ahead of everything else, money tends to cluster, 
capital concentrates, and liquidity can effectively drain away from BTC. In 
the report’s phrasing, this can create a “capital black hole,” pulling funds 
out until the concentration eases. To show why this matters, Binance Research 
pointed to historical periods where sharp rotations into equities were 
followed by painful declines for Bitcoin. It cited several examples: in 2015, 
capital rotated toward FAANG + biotech, with BTC down around 20%; in 2016, a 
defensive rotation coincided with BTC falling about 18%; in 2018, a late-cycle 
FAANG push alongside an initial coin offering (ICO) collapse lined up with BTC 
dropping roughly 68%. Bitcoin Usually Recovers In Weeks The pattern also 
showed up during 2022, when energy stocks attracted money, and BTC fell about 
50%. The research cited a more recent stress point as well: in last year’s 
fourth quarter, investors rotated toward artificial intelligence (AI) and 
semiconductors, with those themes reportedly gaining 200%, while BTC slid 
around 39%. For this year’s second quarter, Binance Research referenced a 
“triple rotation” into AI, defense, and energy, noting energy strength and 
theme momentum, while BTC is down about 11% and ongoing. Even so, the 
exchange’s research arm included a more reassuring historical note. According 
to Binance Research, in past episodes where the DSPX peaked, Bitcoin 
eventually recovered. Related Reading: Crypto In 401(k)s: Senators Sanders, 
Warren Letter Warns $14 Trillion At Risk From DOL Proposal In cases described 
as “pure concentration” with “no crypto-native crisis,” Binance Research said 
BTC typically bottomed in 0–20 weeks, with a median of about 2 weeks. It also 
suggested that capital diversion tends to be temporary, adding that—based on 
the firm&#8217;s view—there is currently no crypto-native crisis, so markets could 
see a faster rebound once liquidity returns. Featured image created with 
OpenArt; chart from TradingView.com

The broader crypto market has endured one of its toughest weeks of the year, with $1.5 billion in liquidations recorded since Monday alone. The pressure intensified as Bitcoin (BTC) slipped back below the $67,000 level for the first time since April, a move that heightened selling fears and weighed on overall market sentiment. Despite the &#8230;

Bitcoin Crash Explained: Binance Research Blames Outflows Toward US Equities

Bitcoin carried nearly all of May&#8217;s inflows. Monthly flows into crypto 
treasury companies dropped to $180 million for the month, the weakest level 
since October 2024, and Bitcoin-linked firms accounted for almost all of it 
with $177 million. Smaller additions went to ZCash, Story and Sui, while 
Litecoin posted a $1.89 million outflow. The fall was steep. May’s total was 
down 95% from April’s $4.4 billion and about 93% below the monthly average 
from January through May, after March and April each cleared $4 billion. 
Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns 
From Election Surge To Slower 2025 The latest drop comes after a sharp burst 
of buying late last year, when DAT inflows climbed past $12 billion after the 
2024 US election results and a friendlier policy backdrop. DefiLlama’s figures 
show the trend then cooled through 2025, staying below $10 billion a month 
until late summer before slipping again. That left treasury firms with a 
tougher pitch. The market crash that followed added pressure, and companies 
that rely on token accumulation alone now face more scrutiny from investors 
than they did during the boom. Yield Pressure Is Reshaping Treasury Firms 
Galaxy Digital has argued that the old buy-and-hold approach no longer carries 
the same weight, and that treasury firms need to put assets to work through 
staking, validator services, DeFi lending or other active uses. Patrick Ngan 
of Zeta Network Group said companies holding Bitcoin need to show they can do 
more than park the asset on a balance sheet, while businesses with real cash 
flow may be better placed than pure holders. Arthur Firstov of Mercuryo said 
ETFs give institutions a low-cost, liquid way to get straightforward crypto 
exposure, which makes it harder for listed treasury firms to keep trading at a 
premium. He added that staking can help proof-of-stake treasuries produce 
revenue, but it cannot fix weak operations, heavy dilution or balance-sheet 
losses. Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: 
Analyst The shift is already visible in hybrid models. Grant Cardone has 
linked Bitcoin with multifamily housing in a treasury-style structure that 
also draws on rental income and property gains to support more BTC buying. For 
now, the numbers show a sector that has lost speed fast. Bitcoin still 
dominates the field, but the latest data leaves little doubt that the easy 
money phase has faded. Featured image from Unsplash, chart from TradingView

Bitcoin carried nearly all of May&#8217;s inflows. Monthly flows into crypto treasury companies dropped to $180 million for the month, the weakest level since October 2024, and Bitcoin-linked firms accounted for almost all of it with $177 million. Smaller additions went to ZCash, Story and Sui, while Litecoin posted a $1.89 million outflow. The fall &#8230;

Crypto Treasury Flows Lose Steam, Marking Deepest Drop Since 2024

Ethereum price started a fresh decline and traded below $1,950. ETH is now 
consolidating below $1,920 and might continue to move down. Ethereum remained 
in a bearish zone after a fresh decline below $1,950. The price is trading 
below $1,950 and the 100-hourly Simple Moving Average. There was a break below 
a contracting triangle with support at $1,975 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move down if it stays below 
the $2,000 zone. Ethereum Price Extends Decline Ethereum price failed to 
remain stable above $2,000 and started a fresh decline, like Bitcoin. ETH 
price dipped below the $1,980 and $1,950 levels. There was a break below a 
contracting triangle with support at $1,975 on the hourly chart of ETH/USD. 
The price even traded below $1,920. A low was formed at $1,836, and the price 
is now consolidating losses well below the 23.6% Fib retracement level of the 
downward move from the $2,003 swing high to the $1,836 low. Ethereum price is 
now trading below $1,950 and the 100-hourly Simple Moving Average. If the 
bulls remain in action above $1,840, the price could attempt another increase. 
Immediate resistance is seen near the $1,880 level. The first key resistance 
is near the $1,900 level. The next major resistance is near the $1,920 level 
and the 50% Fib retracement level of the downward move from the $2,003 swing 
high to the $1,836 low. A clear move above the $1,920 resistance might send 
the price toward the $1,950 resistance. An upside break above the $1,950 
region might call for more gains in the coming days. In the stated case, Ether 
could rise toward the $2,000 resistance zone or even $2,020 in the near term. 
More Downside In ETH? If Ethereum fails to clear the $1,950 resistance, it 
could start a fresh decline. Initial support on the downside is near the 
$1,840 level. The first major support sits near the $1,820 zone. A clear move 
below the $1,820 support might push the price toward the $1,780 support. Any 
more losses might send the price toward the $1,740 region. The main support 
could be $1,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $1,840 Major Resistance Level – 
$1,950

Ethereum price started a fresh decline and traded below $1,950. ETH is now consolidating below $1,920 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,950. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There was a break below a contracting triangle with &#8230;

Cryptocurrency price in TWD

Market Overview