Federal Reserve Governor Christopher Waller directed staff to explore granting stablecoin firms limited access to Fed payment systems through restricted master accounts. The proposed framework would enable direct settlement on central bank infrastructure without traditional banking intermediaries. Speaking at the Fed's inaugural payment innovation conference, Waller acknowledged that distributed ledgers and crypto-assets have become integral to mainstream financial infrastructure.

Coinbase launched Payments MCP on Wednesday, enabling AI models including Claude and Gemini to execute wallet operations, fiat conversions, and stablecoin transfers through natural language commands. The company also introduced its Coinbase One Card in the United States, offering bitcoin cashback rewards of up to 4% for subscribers.

Hyperliquid Strategies filed an S-1 registration statement with the SEC on Wednesday to raise up to $1 billion through a 160 million share offering. The company, formed from the merger of Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, plans to use proceeds for additional HYPE token purchases and corporate expenses. Upon completion, the entity will hold 12.6 million HYPE tokens valued at approximately $470 million, positioning it as the largest corporate holder of the token.

Bitcoin is trading around $108,164, up slightly from Monday but down 2% for the week, while Ether holds near $3,815. Traders are focused on Friday's Consumer Price Index report, the only major US economic release unaffected by the government shutdown. The CPI data will serve as a key reference point for monetary policy expectations.

Hyperliquid Strategies filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday to raise up to $1 billion through a public stock offering. The digital asset treasury company plans to use proceeds to acquire HYPE tokens and expand its holdings in the Hyperliquid ecosystem. Chardan Capital Markets will advise on the transaction.

Decentralized exchange Bunni will permanently cease operations following an $8.4 million exploit last month. The platform said it lacks sufficient funds to cover six- to seven-figure audit and monitoring costs required for a secure relaunch. The stolen assets have been laundered through Tornado Cash, according to Bunni.

T. Rowe Price, which oversees $1.77 trillion in assets, has filed with the SEC to launch its first actively managed cryptocurrency ETF. The proposed fund would hold between 5 and 15 digital assets, including Bitcoin, Ethereum, and Solana. The ETF aims to outperform the FTSE Crypto U.S. Listed Index through active management strategies.

XRP declined more than 2.5% over the past 24 hours to trade around $2.1842, erasing most of its early-week gains. Ripple CTO David Schwartz clarified that his advisory role with Evernorth, a newly launched XRP treasury firm planning to raise over $1 billion through a Nasdaq listing, will be limited in scope and duration.