This article is adapted from The Block's newsletter "The Daily," reporting several important developments in the cryptocurrency market. First, major U.S. banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are in preliminary talks to jointly launch a stablecoin project. Second, spot ETFs for Bitcoin and Ethereum attracted more than 1.05 billion USD in inflows on Thursday, marking the highest single-day record since January. Third, the decentralized exchange Cetus Protocol on the Sui blockchain suffered a hacker attack resulting in a loss of 223 million USD, and a white hat bounty of 6 million USD has been offered to recover the stolen funds. The U.S. Securities and Exchange Commission (SEC) has publicly reviewed Canary Capital's application for a staked Tron (TRX) ETF. Hyperliquid's open interest contracts reached a record 9.20 billion USD, with its native token HYPE hitting an all-time high price. Finally, Semler Scientific recently purchased Bitcoin worth 50 million USD, increasing its holdings to over 4,000 coins. Overall, these events reflect the active state of the crypto market and regulatory progress.

The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.It's Friday! Just as bitcoin was getting comfortable at new all-time highs, President Trump's threat of a 50% tariff on the EU sent jitters through the crypto market this morning, triggering a swift sell-off.In today's newsletter, major U.S. banks are reportedly in early talks for a joint stablecoin venture, Bitcoin and Ethereum ETFs record their highest combined daily inflows since January, Cetus offers a $6 million white hat deal to recover stolen user funds, and more.Meanwhile, Semler Scientific's bitcoin holdings surpass 4,000 BTC with its latest $50 million purchase.Let's get started.Companies co-owned by JPMorgan, Bank of America, Citigroup, Wells Fargo, and other major U.S. banks are in early talks to launch a joint stablecoin venture, according to the Wall Street Journal.U.S. spot Bitcoin and Ethereum ETFs attracted a combined $1.05 billion on Thursday — the highest daily figure since January, as BTC hit fresh all-time highs and ETH continued its best run in months.Sui-based DEX Cetus Protocol, which suffered a $223 million exploit on Thursday, has offered the hacker a $6 million white hat bounty to return $56 million in stolen funds that were successfully converted to USDC, bridged to Ethereum, and swapped for ETH.The SEC acknowledged Canary Capital's proposal for a staked Tron (TRX) ETF late Thursday, marking the first public step in the review process.Hyperliquid's open interest soared to a record $9.2 billion on Friday, with its native HYPE spiking to fresh all-time highs above $35.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Major U.S. banks are negotiating a joint stablecoin project, with Bitcoin and Ethereum ETF inflows reaching new highs.