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Crypto News Summary May 29
Crypto news summary for May 29: Bitcoin stayed resilient as stablecoin growth boosted exchange liquidity, tokenized assets, and payment rails.

eToro Buys Zengo in Self Custody Push
eToro is acquiring wallet firm Zengo to expand self-custody and push users onchain, targeting tokenised assets, perpetuals and prediction markets.

EToro Acquires Zengo for $70 Million
eToro is acquiring crypto wallet firm Zengo for $70 million, expanding into self-custody as tokenised assets and decentralised rails gain traction.

Broadridge Launches Crypto Platform in Canada
Broadridge launched a Canada crypto platform letting wealth firms trade, custody and service digital assets in one workflow with traditional holdings.

Deutsche Börse Backs Kraken at $13.3B Valuation
Deutsche Börse is investing $200M in Kraken for a 1.5% stake, implying a $13.3B valuation as traditional finance deepens crypto ties.

Ethereum Leads $16.5B RWA Market
Ethereum secures $9.6B of the $16.5B RWA market, holding a 58% share as capital and stablecoin liquidity stay concentrated on mainnet.

Canton Rises as Visa Joins as Super Validator
Visa joined Canton Network as a super validator this week, boosting CC and reinforcing the RWA-focused layer 1's credibility with institutions.

Stablecoins Become Dollar Rails
Stablecoins are shifting from trading tools to dollar-based payment rails, powering faster, cheaper settlement, remittances, and tokenized markets.

RedStone Debuts Stellar Price Feeds as $10M Oracle Exploit Exposes DeFi Risks
RedStone launches onchain price feeds on Stellar mainnet as a $10M oracle exploit highlights DeFi data risks for lending, perps and tokenized assets today.

Bloomberg Partners With Kaiko to Add Terminal-Grade Pricing Data for $25B Tokenized Asset Market
Bloomberg teams with Kaiko to deliver licensed, terminal-grade pricing on-chain, boosting data infrastructure for the $25B tokenized Treasury market today.