David Bailey, who advised Trump on cryptocurrency policy during his 2024 campaign, is raising $300 million to launch a publicly traded Bitcoin investment firm, according to people familiar with the matter. He follows a string of companies that have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through a private placement of new shares and $100 million through convertible bonds.

Web3 bank Vaulta (formerly EOS) announced on the X platform that EOS tokens will become A tokens on May 14. The exchange ratio is 1:1, the token economics have not changed, there is no exchange fee, and the exchange can be completed on May 14 through official channels.

Eric Trump, executive vice president of the Trump Organization and Trump's son, said at the Token2049 event in Dubai: "I like Bitcoin. I firmly believe that it is digital gold. I own a lot of Bitcoin myself, and Trump (his father) also holds a lot. And I think Bitcoin will grow exponentially in the next few years. Personally, this is a big bet for me."

Binance Alpha will launch and open trading for Doodles (DOOD) on May 9, 2025. In addition, Binance Futures will launch DOODUSDT perpetual contracts on May 9, 2025, with a maximum leverage of 50x. The specific trading time will be announced on May 9, 2025.

MOG Coin, a meme coin on Ethereum and Base, is creating a cultural trend among the tech elite. This token based on Ethereum and Base chain combines "mogging" (online slang, meaning to become stronger and faster) with "accelerationism" to form a unique "mog/acc" cultural movement. Opinion leaders from Y Combinator founder Garry Tan to Musk have all put on the iconic Pit Vipers colorful sunglasses, driving the token up 11% this week and more than 130% in the month.

DeFi protocol Resolv announced token economics. The utility of RESOLV tokens includes governance access, double rewards, increased points multipliers and long-term staking multipliers. The total supply of RESOLV tokens is 1 billion, of which 10% will be airdropped in the first quarter, 40.9% will go to the ecosystem and community, 26.7% will go to the team and contributors, and 22.4% will go to investors. RESOLV tokens are about to undergo a TGE, which will be open for registration in the first half of May. There will be a one-week registration period (both points program participants and Resolv recipients are eligible), and registered users will be screened before the airdrop officially begins to detect witch attacks and bad actors. The token claiming page will last for 30 days after it goes online.

The Ethereum mainnet successfully activated the Pectra upgrade at 6:05 EST, which is the most important network update after the 2022 merger (The Merge). This hard fork includes 11 EIP improvement proposals, focusing on three major directions: improving staking efficiency, optimizing user experience, and enhancing Layer2 scalability. The successful deployment of the test network Hoodi in March laid the foundation for this upgrade. Pectra lays the foundation for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS.

Although Bitcoin's 3.8% year-to-date increase is far less than the 29% surge in gold, BlackRock's Spot Bitcoin ETF (IBIT) still ranks sixth in the US ETF fund list with a net inflow of $6.96 billion, surpassing the world's largest gold ETF (GLD) with $6.5 billion. This phenomenon shows that institutional investors continue to be optimistic about the long-term value of cryptocurrencies.

Binance announced that it will add six new tokens to the Monitoring Tag list on May 7, including Stella (ALPHA), Hifi Finance (HIFI), LeverFi (LEVER), Movement (MOVE), Portal (PORTAL), and Rei Network (REI).