May 12, 2026 | A summary of the most noteworthy crypto news from the past 24 hours!

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1⃣ The American Bankers Association has sent letters to major banks, urging them to lobby senators to tighten regulations on stablecoin rewards ahead of Thursday's committee vote. The association warns that loopholes in the current bill could cause a large-scale outflow of deposits from the banking system.

2⃣ “Roaring Kitty” unexpectedly posted and then quickly deleted a post related to RKC, causing the Token price to plummet by 90%. Prior to this, the project's development team was reportedly selling approximately $611,000 worth of tokens.

3⃣ Circle stock surged approximately 16% in a single day, reaching $131.76. Simultaneously, the company launched Agent Stack—a platform that allows AI agents to manage assets and process payments using USDC. The system supports micropayments with near-zero Gas Price , around $0.000001.

4⃣ Morgan Stanley announced the launch of crypto trading on its E*TRADE platform with fees starting from just 0.5%, lower than Coinbase and Robinhood. This move has sparked debate about the potential for a "transaction fee war" in the crypto industry.

5⃣ The Hyperliquid spot ETF from 21Shares, ticker symbol THYP, officially launched today. The fund is expected to Stake a portion of its HYPE holdings within regulatory compliance limits.

6⃣ Anthropic declared all share transfers not approved by the board of directors invalid. Shortly afterward, the company's pre-market Token on the PreStocks platform dropped by approximately 25% in just one day.

7⃣ Ondo's Global Markets Tokenize stock platform surpassed $1 billion in TVL in less than 8 months of operation, currently holding over 70% of the Tokenize stock market share.

8⃣ Washington has passed key procedural steps, marking the countdown to the transition of the Federal Reserve Chairmanship.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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